Pyth Network is growing like crazy

Been looking into Pyth more lately and I feel like it’s starting to get overlooked.

It’s not just a random oracle token. They’re actually selling first-party market data, their Q3 growth was pretty insane, and Robinhood is already using Pyth data to settle some of the 15-minute prediction markets in its new Predictions section.

Switchboard also shut down its oracle operations recently, which takes out one of Pyth’s more direct competitors.

Then there’s the buyback side. Pyth had already been using part of the DAO treasury to buy PYTH on the open market, and now they’ve approved using product revenue to keep buying more.

So you’ve basically got a real data business growing underneath the token, more mainstream adoption, less competition, and actual recurring buy pressure.

I’m not saying $1 is guaranteed or anything, but I really don’t think it’s a crazy target if they keep growing like this.

Curious what the actual bear case is because I feel like I’m missing why more people aren’t talking about it.