$11.49M ARR, PYTH buying, and finance names that matter ๐ฎ
$PYTH is not getting the usual crypto โpartnershipโ headline here. $SUI has the fast app and liquidity crowd, but Pyth is showing something different: market-data infrastructure being written into real financial workflows.
Pyth closed Q3 with $11.49M in active ARR, up 86% from Q2, and the DAO now sends 100% of the funds it receives from Pyth products into open-market PYTH purchases.
That would already be a strong holder update, but the credibility layer is what makes me pay closer attention.
Kalshi uses Pyth prices for stock and commodity markets, and in September named Pyth as the sole Source Agency in filings for gold and silver perpetuals on its CFTC-registered exchange.
Coinbase uses Pyth data for continuously priced thematic markets and named Pyth in its filing for single-name equity perpetuals.
Pyth is also approved as an external distributor of Nasdaq Basic through the Pyth Data Marketplace.
I do not see this as a random list of logos.
I see it as the market slowly admitting that crypto-native infrastructure can sit inside serious market-data workflows when the data is reliable enough and the product is useful enough.
That is why the 86% ARR growth matters more now.
Revenue is growing, the DAO product receipts now buy PYTH, and the customer quality keeps getting harder to dismiss.
#Altcoin Season# #Trading
$PYTH is not getting the usual crypto โpartnershipโ headline here. $SUI has the fast app and liquidity crowd, but Pyth is showing something different: market-data infrastructure being written into real financial workflows.
Pyth closed Q3 with $11.49M in active ARR, up 86% from Q2, and the DAO now sends 100% of the funds it receives from Pyth products into open-market PYTH purchases.
That would already be a strong holder update, but the credibility layer is what makes me pay closer attention.
Kalshi uses Pyth prices for stock and commodity markets, and in September named Pyth as the sole Source Agency in filings for gold and silver perpetuals on its CFTC-registered exchange.
Coinbase uses Pyth data for continuously priced thematic markets and named Pyth in its filing for single-name equity perpetuals.
Pyth is also approved as an external distributor of Nasdaq Basic through the Pyth Data Marketplace.
I do not see this as a random list of logos.
I see it as the market slowly admitting that crypto-native infrastructure can sit inside serious market-data workflows when the data is reliable enough and the product is useful enough.
That is why the 86% ARR growth matters more now.
Revenue is growing, the DAO product receipts now buy PYTH, and the customer quality keeps getting harder to dismiss.
#Altcoin Season# #Trading