You’re wrong if you think @PythNetwork is just another oracle. It’s much more than that, it’s a price layer.

Yeah I know it’s not bigger than Chainlink in terms of Mcap but it addresses a much larger Total Addressable Market (TAM) and has a broader long-term vision.
Pyth is not limited to crypto. It also covers traditional financial assets such as equities, FX, ETFs, commodities, and interest rates.

This puts it in the financial data market valued at $50B annually.
Unlike Pyth, Chainlink focuses mainly on on-chain data and cross-chain infrastructure.

Its TAM is large but primarily limited to Web3.

Pyth is going after the territory of Bloomberg, Reuters, S&P Global, and Cboe, this market is 10–20x larger than the crypto-only oracle market.

Pyth already powers 550+ crypto applications and serves off-chain institutions like Coinbase International, Revolut, Jane Street, and Cboe Global Markets.

Its “universal” positioning makes it relevant to all financial players, not just DeFi protocols.
Most importantly, Pyth has the infrastructure needed to meet the data demands of traditional finance.

It has 1 ms latency and covers over 1,600 multi-asset symbols.

Its publishers are primary data sources (exchanges, market makers, banks) who stake PYTH tokens and are incentivized, with slashing penalties for poor data quality.

Pyth turns fragmented and paywalled financial market data into a public, open-source good, accessible both on-chain and off-chain.

This is a paradigm shift. The trend toward tokenization of RWAs, such as US stocks, ETFs, and commodities, plays strongly in Pyth’s favor, as it becomes the natural infrastructure to price these assets.

Even though $LINK is currently valued ~20x higher than $PYTH, Pyth’s potential market is much broader because it can tap into the institutional financial data flows already captured by Bloomberg and Reuters (a $50B/year spend) in addition to DeFi.

Here’s a table to help you better understand why I believe Pyth’s potential is higher.