Pyth Network: Next-generation financial data will be increasingly consumed by AI and algorithms, and tokenomics cannot replace real business applications.

Pyth Network stated that as the financial ecosystem transitions toward a machine-readable format, the primary consumers of market data will no longer be confined to human traders. Demand for structured, standardized, and low-latency financial data from APIs, trading algorithms, risk systems, and AI Agents will continue to grow. Pyth is evolving beyond a traditional oracle network to become market data infrastructure purpose-built for machines and software. Pyth noted that its business model will encompass API market data services, index infrastructure, and institutional proprietary data markets. It simultaneously emphasized that "tokens cannot replace real business," stating that the network must first generate value through data products with tangible demand, collaborations with data providers, and sustainable revenue streams. Tokenomics should be grounded in authentic network activity and business growth, rather than being designed upfront with use cases sought afterward.