How oracles are bringing RWAs to crypto, with Pyth and Chronicle
Oracles like Pyth and Chronicle are evolving into critical infrastructure for tokenized real-world assets (RWAs), driving B2B adoption.Summary
The 54th episode of The Crypto Beat featured Mike Cahill, CEO of Pyth, and Niklas Kunkel, Founder of Chronicle Labs, discussing the role of oracles in tokenizing Real-World Assets (RWAs). They highlighted that oracles are transforming from simple price feeds into essential infrastructure for RWAs, noting the significant growth in tokenized money market funds and CLOs. The discussion emphasized a shift towards Business-to-Business (B2B) adoption by DeFi protocols over retail use. Both companies demonstrated rapid scaling: Pyth achieved $1 million in Annual Recurring Revenue (ARR) from data subscriptions in weeks, while Chronicle scaled to $6 billion in tokenized funds in under a year. The conversation also touched upon Pyth's cross-chain capabilities, oracle competition metrics, Chronicle's DeFi journey, and building without a native token.
(Source：The Block)