Michael James, from Douro Labs, indicated that Pyth's blockchain oracle network is disrupting the $50 billion financial data industry by offering a data pull model that differs from traditional pricing oracles. Currently, the industry is controlled by eight major providers who continuously increase prices, limiting competition. Pyth's real-time market data covers various sectors, with a 46-fold increase in total value secured to command an 11.3% share of the blockchain oracle market. The launch of real-time oil pricing data on over 80 blockchains shows Pyth's growth in providing critical data. This innovation aims to reduce costs for institutions and enable broader participation in the financial services industry by smaller businesses.