Pyth Network is gradually transitioning from a single data service to a global verifiable state layer, an ambitious plan aimed at providing a factual foundation from the real world for the entire Web3 ecosystem. This evolutionary path encompasses several key stages, showcasing Pyth's long-term vision.

First, the Pyth network plans to expand its coverage of data assets. In addition to existing cryptocurrency and stock data, the network will gradually incorporate a broader range of asset classes, including commodities, real estate investment trusts (REITs), and complex exchange-traded funds (ETFs). This expansion will make Pyth a more comprehensive and diverse financial data market.

Secondly, Pyth will focus on enriching the types of data it offers. In addition to spot prices, the network will introduce more complex datasets such as volatility surfaces, yield curves, order book depth data, and macroeconomic indicators. This deep expansion will provide a solid data foundation for building on-chain derivatives and structured financial products.

Thirdly, the Pyth project aims to enhance its computing capabilities. In the future, the network will not only provide raw data but may also offer preliminary computing services. For example, it could directly output the pricing results of options models, rather than just providing the underlying asset prices and volatilities. This initiative will effectively reduce the computational burden on the application layer and improve the overall system efficiency.

Ultimately, the goal of Pyth Network is to become a universal state machine, providing a reliable source of truth for various information that requires consensus in the Web3 ecosystem. This grand vision illustrates Pyth's transition from a specialized financial data oracle to a comprehensive Web3 infrastructure, expected to play a key role in the decentralized world of the future.

As these phases are gradually realized, the Pyth Network will continuously strengthen its position in the Web3 ecosystem, providing more comprehensive and reliable data support for decentralized applications. This evolutionary process will undoubtedly drive the entire industry forward, making significant contributions to the construction of a more open and transparent financial system.