How Do Markets Evolve When Finance Never Sleeps
summary
Argues that Pyth builds an original price source by stitching anonymized trade feeds from trading firms into cryptographically provable prices delivered to blockchains, not just an oracle; gives scale: 100+ institutions, delivery to 100+ blockchains, powering 60% of perpetuals, $3T transacted, 700+ enterprises, 3,000+ symbols. Explains three products (Pyth Pro adding ~$1M ARR/month toward $20M/year, a data marketplace launched with Euronext/SGX/OTC, and 24/7 indices launching with Coinbase Kraken dYdX MarketVector) and how each is built and used.
AI-written summary · about
chapters (34)
- 0:00Introduction
- 0:35The Problem Pyth Set Out to Solve
- 0:55Where Pyth Is Today
- 1:17The Bottleneck of Financial Market Data
- 1:38A $50 Billion Siloed Industry
- 1:58Bloomberg and the Basic Cable Model
- 2:19Hundreds of Vendors and Audits
- 2:38Why It Breaks on Blockchains
- 3:00Why Blockchains Need a New Approach
- 3:22The Pyth Marketplace Model
- 3:41Rethinking Data Sourcing From First Principles
- 4:01Tapping Trading Firms' Unmonetized Data
- 4:18Why Pyth Is More Than an Oracle
- 4:35Creating an Original Price Source
- 4:45The Scale of the Network Today
- 5:03Every Asset Class Covered
- 5:32The Publishing Side of the Network
- 5:55Sourcing the Best in Each Category
- 6:22The Three Product Verticals
- 6:43Pyth Pro: The Spotify for Market Data
- 7:15The Data Marketplace Vertical
- 7:40The Pyth Terminal
- 8:03Pyth Pro Scaling Toward $20 Million ARR
- 8:31Powering Kalshi Without On-Chain Proofs
- 8:57Pyth Pro Video
- 9:26A Reminder of the Scale
- 9:47The Marketplace and the US Commerce Collaboration
- 10:10Publishing GDP On Chain
- 10:35Launching With Euronext, SGX, and OTC Markets
- 10:58Introducing 24/7 Markets
- 11:24How Pyth Constructs 24/7 Indices
- 11:50From Pyth Oil to Equities, Metals, and FX
- 12:00Launching This Week With Coinbase, Kraken, dYdX
- 12:43Why 24-Hour Markets Will Be the Norm
related talks
21mThe Price of Everything. Accessible to Everyone.
03mPyth Network: Supercharged DeFi Infrastructure
25mPyth Workshop
21mWhat’s Stopping DeFi from Competing with TradFi
28mAll About Pyth
27mBehind The Scenes: Insights From The Secondary Market
30mNew Models for Market Making, Custody and Other Institutional Demands
21mDeploying a Prediction Market