Pyth announces infrastructure upgrade and shifts its economic model to a revenue-driven approach

BlockBeats news, on April 23, Pyth Network announced an infrastructure upgrade and transition to a revenue-based economic model. According to proposal OP-PIP-100, Pythnet will be gradually shut down by 2026, with the network shifting its focus to the new generation infrastructure Lazer. At the same time, Pyth Pro and Data Marketplace will become core products in the future.

Meanwhile, the OIS reward mechanism will be gradually phased out via OP-PIP-103. Parameter Y will be set to 0, marking the end of reward distribution, but the staking and penalty mechanisms will continue to operate. During the operation of OIS, approximately 1 billion PYTH tokens were staked, covering around 120 data provider pools, and no slashing proposals occurred during this period.

Under the new model, Pyth is shifting from token-driven incentives to revenue-driven. The PYTH Reserve has accumulated approximately 12 million PYTH tokens bought back on the open market through protocol revenue. Sources of income include Pyth Pro, core oracle services, and the Data Marketplace. With Polymarket, Kalshi, and multiple trading platforms onboard, institutional adoption continues to increase, and the network has fully shifted its focus to commercialization and data distribution capacity.