The price layer of the global financial market.
Joined March 2021
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Introducing The 100% Rule.
Every dollar the Pyth DAO receives now buys PYTH each month 🧵
BREAKING: New RWA perp volume ATH in October with $829.4B.
Pyth priced 88.5% ($734.3B) of it.
October RWA perps in numbers 🧵
Sessions: the 25 most traded US stock perps did $272.3B in October, +21%.
49.8% traded outside NYSE regular hours, up from 41.7%. Post-market +139%, overnight +60%, regular hours +4%.
89% of the $46.5B added traded while NYSE was closed.
Read the full October RWA perp report here: nitter.cf/PythNetwork/status/211…
Pyth Network 🔮 retweeted
The closing bell is a mass hallucination at this point...
Half of us stock perp volume trades while NYSE is asleep, and 89% of Cctober's $46.5B in new volume came off-hours
Post market also up +139% 👀
London is calling. We're setting the table 🥂
During Breakpoint, Pyth is hosting an exclusive Fintech & Data Executive Dinner, bringing together leaders across market data, trading technology, and finance.
November 16. Good company. Better conversations.
An intimate evening with the leaders shaping what's next for financial markets.
Seats are limited and attendance is subject to approval.
Request your invite 👇
luma.com/pyth-sq5v
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Pyth Network 🔮 retweeted
$829 BILLION in RWA perp volume in October
nearly half of the top US stock perp trading happened while NYSE was closed
Wall Street is moving onchain
RWA perps in October:
→ $829.4B in volume, +29% on September
→ 49.8% of US single-stock perp volume traded while NYSE was closed
→ $14.6B open interest, a new high
→ 88.5% priced by Pyth
Read the full report ⤵️
Pyth Network 🔮 retweeted
This week, Geneva becomes the place to be for digital finance ✨
Geneva Summit. November 12-13. Hotel President Wilson.
300 finance leaders. 2 days. One working retreat.
9 workshops on the pillars of the industry, run by the people who are building it: thebigwhale.io/summit
It’s going to be big!
Huge thanks to our partners making it happen: @FTDA_US, @PaywardServices, @dfnsHQ, @Ripple, @caissedesdepots, @trmlabs, @flowdesk_co, @talostrading, @PythNetwork and @enzymefinance.
⏰ Kick-off Thursday, 8:30 AM sharp.
See you in Geneva!
The latest Pyth Pro expansion is here:
- New US equities & ETFs
- 24/7 Pyth Indices across global markets
- Expanded agricultural indices & cotton futures
- Additional crypto & redemption rates
From traditional markets to 24/7. One API 🌐
The next market runs on Pyth prices.
Like it or not, but market data is moving onchain
$2.16T of RWA perps traded in Q3 and 94.4% of it was priced by @PythNetwork, how long before TradFi desks plug into the same feed? 👀
Pyth Network 🔮 retweeted
Every dollar of the @PythNetwork DAO revenue share now buys PYTH on the open market and parks it in the reserve
Over $13M in ARR and more than 3x since Q1.. most tokens still can't show you one real customer
Pyth Network 🔮 retweeted
Pyth Network’s paid data business has grown 8x since January
@PythNetwork, the market data network behind solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3, closed October with $13.67M in annual recurring revenue, up 18.9% from $11.49M in September. That figure, the yearly value of its paid subscriptions, stood at about $1.7M in January.
October brought $2.49M in new yearly revenue, and 44.6% of it came from existing customers spending more. Pyth now counts 332 paying accounts, 63 of them new in October, while revenue from its index products jumped 64% to $2.88M.
