A major development for Pyth Network and its role in prediction markets! 🚀
The popular platform Kalshi announced that its KPOW Midterms index relies entirely and exclusively on Pyth as its primary data source, with all contracts settled based on Pyth values.
Impact on the PYTH token:
Boosting real-world adoption: Partnering with a platform as prominent as Kalshi reflects the reliability of Pyth’s oracle network in accurately delivering real-world data.
Increased demand and utility: Exclusive reliance on the network’s data and settling contracts based on it support the token’s fundamental value and strengthen its presence in the growing prediction markets sector.
A positive effect on market sentiment: Strategic partnerships like this support investors’ positive outlook on the project in the medium and long term.
#PYTH #crypto #bullish #trending #news
$PYTH
The popular platform Kalshi announced that its KPOW Midterms index relies entirely and exclusively on Pyth as its primary data source, with all contracts settled based on Pyth values.
Impact on the PYTH token:
Boosting real-world adoption: Partnering with a platform as prominent as Kalshi reflects the reliability of Pyth’s oracle network in accurately delivering real-world data.
Increased demand and utility: Exclusive reliance on the network’s data and settling contracts based on it support the token’s fundamental value and strengthen its presence in the growing prediction markets sector.
A positive effect on market sentiment: Strategic partnerships like this support investors’ positive outlook on the project in the medium and long term.
#PYTH #crypto #bullish #trending #news
$PYTH
