$44.5B in daily RWA perp volume, and Pyth prices 97.6% of it. $HYPE became the venue for 24/7 macro perps. $PYTH became the pricing layer those markets keep leaning on. That is the part I think most people are still underestimating. Look at the top RWA perp markets right now: SanDisk, SK Hynix, Micron, Gold, Oil, Silver, SpaceX, Nasdaq 100, S&P 500. This is no longer just crypto trading against crypto. It is traders using onchain venues to access semiconductors, commodities, indices, metals and global equity exposure while traditional market hours still act like the world stops at 4pm. Hyperliquid unlocked the venue side of that demand. Pyth is handling the harder part underneath: pricing these markets in a way builders can actually use at scale. The visual says it clearly. Across the top 12 RWA perp markets, almost every major feed is majority priced by Pyth, with names like SK Hynix at 100%, SanDisk at 99%, Micron at 99%, SpaceX at 99%, Nasdaq 100 at 97% and S&P 500 at 97%. That is not a random placement. That is infrastructure becoming the default inside one of the fastest-growing market categories in crypto. The bigger alpha is Asia. Pyth Pro now covers names across Japan, Hong Kong, Mainland China and South Korea, including Toyota, Sony, Nintendo, SoftBank, Tencent, BYD, CXMT, SK Hynix and more. Mainland Chinese equity data is usually painful to access because of regional brokers, licensing and per-market vendor contracts. Pyth sources it from firms trading these names and makes it available through the same setup already covering U.S. equities, 24/7 indices, FX, commodities, metals, fixed income and crypto. My read is simple: If onchain markets are becoming 24/7 macro venues, the pricing layer becomes one of the most important places to sit. And right now, Pyth is sitting directly under the volume. #Altcoin Season# #HYPE