Pyth Contributors Propose B2B SaaS Play Targeting a $50 Billion Market

Lavina

September 3, 2025

Even if Pyth taps into 1%, it’ll amount to $500 million in annual recurring revenue (ARR)

Pyth reclaimed its spot on traders’ and investors’ radar after it signed a deal with the US government to help publish economic data onchain.

Pyth, along with Chainlink, will play the synchronized role of oracles, making sure the government-published data is spread and secured across different blockchain networks.

Carrying forward the momentum, Pyth is progressing into its second phase with a proposal to launch an institutional product, expand token utility, and unlock deeper TradFi integration.

Douro Labs, a core contributor to Pyth Network, recently revealed a roadmap signalling Pyth’s entry into a new industry.

A new offering for Pyth?

According to the proposed roadmap, Pyth could launch a B2B SaaS model for data, competing with giants like Bloomberg and Refinitiv. There’s proven traction, plus the legacy space is ripe for disruption - the timing couldn’t be better.

This unlocks a $50 billion opportunity. Even if Pyth taps into 1%, it’ll amount to $500 million in annual recurring revenue (ARR). In the blog, the Douro team emphasized,

“Pyth isn’t just here for that $500 million. It’s here to win the market and return sustainable value to the entire network.”

With respect to the current state of affairs, they added,

“Institutions are demanding Pyth data, and we're in the final stages of building a new product that could redefine market data across the finance industry.”

Offchain revenue from this new offering would flow to the Pyth DAO. The DAO, in turn, could explore options like buybacks, revenue-share models, staking incentives, and other mechanisms to reward publishers, users, and holders.

Pyth’s phase-wise progress

In the first phase, Pyth focused on building and scaling the infrastructure required to validate and distribute institutional-grade data onchain. The network has already integrated 600+ protocols across 100+ blockchains and delivered 1,800+ price feeds, including 900+ RWAs.

This phase proved that Pyth’s product works at scale. Douro Labs has now proposed a Phase 2, to redefine the market data economy and become the source of truth across the finance industry.

The new product would build upon Pyth's cutting-edge model that collects institutional-grade data directly from the source, and incorporates enhancements around performance, accessibility, and asset coverage.

This “upstream approach” would fix the core flaw of legacy market data, capturing the most valuable prices before they get fragmented, marked up, and delayed. Then, it channels value back to the institutions that generate them.

All this lays the foundation for the third proposed phase, which would scale Pyth into the global price layer for every market, everywhere.

With the infrastructure built and the subscription data model in motion, this proposed phase focuses on achieving total market coverage.

The team is looking to add 200–300 new symbols every month. By the end of this year, they’re targeting 3000+ symbols. Likewise, they’re looking to integrate around 10,000+ symbols in 2026 and 50,000+ symbols in 2027.

The way forward

Douro Labs was formed by long-time Pyth Network contributors. Their focus lies in working with the data provider community and building developer-first oracle tools and protocol infrastructure.

Mike Cahill, the CEO of Douro Labs, has been working with the US government’s Commerce Department for around two months. He recently pointed out,

“The entire administration has embraced this. We are now in a world where government data lives on blockchains, and market participants can participate in real time.”

The Pyth contributors envision a future where “all data” flows through Pyth Network to get verified and published across every blockchain. In their words, Pyth has the potential to become “the single source of truth for all of global finance.”