Many people don’t know the difference between the recently airdropped oracle project Pyth and Chainlink? How much is it worth?

⚔️

Chainlink - Push Oracle $LINK

Pyth Network - Low latency/pull oracle $PYTH

1. Data update

Push oracles employ a simple mechanism where they periodically "push" price data onto the chain at specific intervals or at different deviation thresholds.

Unlike "push" oracles that actively update data to the chain, pull oracles require users or so-called keepers to first actively request (or pull) price data. When the user or guardian gets the price, they will send the price data to the decentralized application (dAPP) while executing a transaction.

2. Application cases

Chainlink @chainlink is a famous example of a push oracle. At predetermined intervals, or if an asset’s price deviates by more than 0.5% since its last update, Chainlink “pushes” the latest market price data onto the blockchain.

Pyth Network @PythNetwork Low-latency oracles can update data almost instantly. For those DeFi products that require real-time data, such as in highly volatile markets or for specific financial instruments (such as derivatives, margin trading, etc.), low-latency oracles is very useful.

3. Market comparison

Users’ recognition of Chainlink is relatively high, largely because the current DeFi market products are still mainly lending, Swap, RWA, etc. These products are naturally more suitable for push oracles, and of course Chainlink’s excellent strategic layout , making it the current leader in the oracle market.

But if you have high expectations for the DeFi derivatives market, then low-latency oracles such as Pyth will have an increasing market share.