Pyth Network’s pull-based model has driven high transaction volumes, intensifying the Oracle’s competition with Chainlink.
Pyth Network, an Oracle provider, has outpaced Chainlink in 30-day transaction volume despite holding a lower total value secured (TVS).
This shift may be attributed to Pyth’s pull-based Oracle model, which only provides data upon request rather than updating it regularly, unlike Chainlink’s push-based model. Pyth’s approach is optimized for high-frequency applications, such as trading, where real-time data access is critical.
Niklas Kunkel, founder and CEO of former Oracle leader Chronicle, discussed the changes in the Oracle landscape during an interview with Cointelegraph. “We’re seeing an interesting situation play out in Oracle dominance currently,” Kunkel said. He added:
