Michael James of Douro Labs, the firm behind the Pyth Network, said that high-speed blockchain oracles like Pyth are shaking up the $50B financial data sector by offering real-time pricing with a cost-efficient, on-demand model. Traditional data vendors, dominated by eight major firms, impose opaque and rising fees on banks and hedge funds that rely on such data for compliance — creating monopolistic barriers that block smaller firms and stifle innovation. Pyth, which delivers pricing data across crypto, equities, commodities, and more, recently launched real-time oil price feeds (WTI and Brent) across 80 blockchains. In 2024, it saw a 46x surge in Total Value Secured and grew to command 11.3% of the blockchain oracle market, according to DeFiLlama.