Pyth：通过拉动 Oracle 创新推动区块链革命

Pyth Network 的快速增长（扩展到超过 55 个区块链、3000 亿美元的安全容量以及与 350 个应用程序的集成）归功于其拉式预言机架构。与传统的推送预言机不同，Pyth 允许下游用户按需请求价格更新，从而提高 Gas 效率和跨区块链的无缝扩展，使其成为各种应用程序的关键基础设施驱动程序。

Pyth: A Transformative Force in the Blockchain Ecosystem, Driven by Pull Oracle Architecture

Pyth：由 Pull Oracle 架构驱动的区块链生态系统的变革力量

In the rapidly evolving landscape of blockchain technology, Pyth Network has emerged as a beacon of innovation, achieving remarkable milestones in a mere two years. With its expansion to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications, Pyth has become an indispensable infrastructure driver in the Web3 realm.

在快速发展的区块链技术领域，Pyth Network 已成为创新的灯塔，在短短两年内实现了非凡的里程碑。 Pyth 已扩展到超过 55 个区块链、总价值达 3000 亿美元，并与 350 多个应用程序集成，已成为 Web3 领域不可或缺的基础设施驱动程序。

The Pull Oracle Advantage

Pull Oracle 的优势

At the heart of Pyth's success lies its innovative pull oracle architecture. Unlike traditional push oracles that blindly push price updates on-chain at predetermined intervals, Pyth empowers downstream users to request or pull price updates on-demand, precisely when they need them. This elegant approach yields several key advantages:

Pyth 成功的核心在于其创新的拉式预言机架构。与按预先确定的时间间隔盲目地在链上推送价格更新的传统推送预言机不同，Pyth 使下游用户能够在需要时按需请求或拉取价格更新。这种优雅的方法具有几个关键优势：

• Enhanced Gas Efficiency: Push oracles often waste gas by sending price updates that may not be immediately consumed. Pyth eliminates this inefficiency by charging users only for the prices they pull, even though Pyth Price Feeds update as frequently as every 400 milliseconds.
• Ultra-Low Latency: Pyth's pull mechanism ensures that users always have access to the most up-to-date price data. This lightning-fast latency is crucial for applications that demand real-time data, such as decentralized exchanges and market makers.
• Scalability: Pull oracles like Pyth can seamlessly scale to support an ever-increasing number of blockchains and price feeds without incurring unsustainable gas costs. This scalability is paramount as the blockchain ecosystem continues to expand and proliferate.

Revolutionizing Data Access

提高 Gas 效率：推送预言机经常通过发送可能不会立即消耗的价格更新来浪费 Gas。即使 Pyth Price Feeds 每 400 毫秒更新一次，Pyth 也只向用户收取拉取的价格，从而消除了这种低效率。 超低延迟：Pyth 的拉取机制确保用户始终能够访问最新的价格数据。这种闪电般的延迟对于需要实时数据的应用程序（例如去中心化交易所和做市商）至关重要。 可扩展性：像 Pyth 这样的 Pull 预言机可以无缝扩展以支持数量不断增加的区块链和价格反馈，而不会产生不可持续的 Gas 成本。随着区块链生态系统的不断扩展和增殖，这种可扩展性至关重要。彻底改变数据访问

Pyth's commitment to providing real-time market data has had a transformative impact on traditional sectors like equities and commodities. For decades, access to real-time data has been a privilege reserved for those willing to pay hefty fees. Pyth has democratized this access by offering its prices to anyone, free of charge and without any delays.

Pyth 致力于提供实时市场数据，这对股票和大宗商品等传统行业产生了变革性影响。几十年来，访问实时数据一直是那些愿意支付高额费用的人的特权。 Pyth 通过向任何人免费且无任何延迟地提供价格，使这种访问民主化。

This democratization has leveled the playing field, empowering individuals and institutions alike to make informed decisions based on the same real-time data that professional traders rely on. As a result, Pyth has become a linchpin for various financial applications, including trading platforms, data analytics tools, and risk management systems.

这种民主化创造了公平的竞争环境，使个人和机构能够根据专业交易者所依赖的相同实时数据做出明智的决策。因此，Pyth 已成为各种金融应用程序的关键，包括交易平台、数据分析工具和风险管理系统。

Ensuring Accuracy and Timeliness

确保准确性和及时性

Maintaining the accuracy and timeliness of real-time data is paramount for Pyth. To achieve this, Pyth harnesses the power of first-party data, which is data created and owned by active participants in both traditional and Web3 capital markets. These institutional and decentralized players effectively generate live asset prices through their participation in price discovery processes.

保持实时数据的准确性和及时性对于 Pyth 来说至关重要。为了实现这一目标，Pyth 利用第一方数据的力量，这些数据是由传统资本市场和 Web3 资本市场的活跃参与者创建和拥有的数据。这些机构和去中心化参与者通过参与价格发现过程有效地生成实时资产价格。

Unlike many legacy oracles that rely on third-party aggregators, Pyth sources its data directly from over 100 market makers, exchanges, financial institutions, and trading firms. This diverse data provider community includes renowned names like Binance, Bybit, OKX, Wintermute, and QCP Capital from the crypto-native realm, as well as established institutions like Cboe, Jane Street, LMAX, and Susquehanna International Group from the traditional financial world.

与许多依赖第三方聚合商的传统预言机不同，Pyth 直接从 100 多家做市商、交易所、金融机构和贸易公司获取数据。这个多元化的数据提供商社区包括加密原生领域的 Binance、Bybit、OKX、Wintermute 和 QCP Capital 等知名企业，以及传统金融领域的 Cboe、Jane Street、LMAX 和 Susquehanna International Group 等知名机构。

This diversity ensures that Pyth's price data is both secure and reliable. It also enables Pyth to offer a wide range of data sets, including digital assets, forex pairs, metals, and even previously inaccessible data like US equities and ETF prices.

这种多样性确保了 Pyth 的价格数据既安全又可靠。它还使 Pyth 能够提供广泛的数据集，包括数字资产、外汇对、金属，甚至以前无法访问的数据，如美国股票和 ETF 价格。

Seamless Data Delivery Across Blockchains

跨区块链的无缝数据传输

One of the key challenges in the blockchain ecosystem is ensuring seamless data delivery across different blockchain platforms. Pyth has overcome this hurdle through its innovative combination of pull oracle design, Pythnet appchain, and Wormhole cross-chain messaging protocol.

区块链生态系统的关键挑战之一是确保跨不同区块链平台的无缝数据传输。 Pyth 通过拉式预言机设计、Pythnet 应用链和 Wormhole 跨链消息传递协议的创新组合克服了这一障碍。

Data providers contribute their data to the Pythnet application chain, where it is securely and rapidly aggregated. Users on any Pyth-supported blockchain can then request or pull a Wormhole-signed price update to their native blockchain to power their DeFi transactions.

数据提供商将其数据贡献给 Pythnet 应用程序链，并在那里安全、快速地聚合数据。然后，任何 Pyth 支持的区块链上的用户都可以请求或将 Wormhole 签名的价格更新拉到其本地区块链上，以支持其 DeFi 交易。

This highly scalable design allows all of the world's financial data to converge on the Pyth Network through the onboarding of more and more data providers. The oracle can then deliver signed price data to any number of downstream applications, regardless of their blockchain ecosystem.

这种高度可扩展的设计允许通过越来越多的数据提供商的加入，将世界上所有的金融数据汇聚到 Pyth 网络上。然后，预言机可以将签名的价格数据传递给任意数量的下游应用程序，无论其区块链生态系统如何。

Collaboration and Governance

协作与治理

Pyth's success is not solely due to its technological prowess; it is also the result of close collaboration between its contributors and data provider partners. Data providers undergo rigorous conformance testing to ensure the consistency and reliability of their data feeds.

Pyth 的成功不仅仅归功于其技术实力；这也是其贡献者和数据提供商合作伙伴之间密切合​​作的结果。数据提供商经过严格的一致性测试，以确保其数据源的一致性和可靠性。

As a decentralized protocol, Pyth's governance mechanism will ultimately determine the addition of new data providers. This participatory approach ensures that the Pyth Network remains responsive to the needs of its users and the evolving blockchain ecosystem.

作为一个去中心化协议，Pyth 的治理机制将最终决定新数据提供者的添加。这种参与性方法可确保 Pyth 网络始终对其用户的需求和不断发展的区块链生态系统做出响应。

Conclusion

结论

Pyth Network has emerged as a transformative force in the blockchain ecosystem, driven by its pull oracle architecture, commitment to real-time data, and collaborative governance model. By providing secure, reliable, and accessible real-time data, Pyth has not only empowered decentralized applications but has also transformed decision-making processes in traditional sectors like equities and commodities. As the blockchain industry continues to evolve, Pyth is well-positioned to maintain its leadership role as the go-to infrastructure for real-time data in the Web3 era.

在其拉动预言机架构、对实时数据的承诺和协作治理模型的推动下，Pyth Network 已成为区块链生态系统中的一股变革力量。通过提供安全、可靠和可访问的实时数据，Pyth 不仅增强了去中心化应用程序的能力，而且还改变了股票和大宗商品等传统行业的决策流程。随着区块链行业的不断发展，Pyth 处于有利位置，可以保持其作为 Web3 时代实时数据首选基础设施的领导地位。