Pyth announces infrastructure upgrade, with economic model shifting to a revenue-driven approach

BlockBeats News, April 23rd, Pyth Network announced the advancement of infrastructure upgrades and a shift to a revenue-based economic model. According to Proposal OP-PIP-100, Pythnet will gradually sunset by 2026, pivoting the network's focus to the next-generation infrastructure, Lazer, while Pyth Pro and the Data Marketplace will become the core products of the future.

Simultaneously, the OIS reward mechanism will be phased out through OP-PIP-103, with the parameter Y set to 0, marking the end of reward distribution. However, staking and penalty mechanisms will continue to operate. During the OIS operation, approximately 1 billion PYTH tokens have been staked, covering around 120 data provider pools, with no forfeiture proposals occurring during this period.

In the new paradigm, Pyth is transitioning from token-reward-driven to revenue-driven. The PYTH Reserve has accumulated approximately 12 million PYTH tokens through protocol revenue buybacks in the open market. Revenue sources include Pyth Pro, core oracle services, and the Data Marketplace. With the integration of Polymarket, Kalshi, and multiple trading platforms, alongside the continuous growth of institutional adoption, the network's focus has now shifted entirely to commercialization and data distribution capabilities.