$PYTH is pricing 90.5% of RWA perps, and the coin is still ranked #84 and down 0.7% on the day.
That 90.5% is Pyth's own number from its September report, so it's a claim, not an audit. The same report says RWA perps did $638B in volume with a record $12.61B in open interest. If even half of that holds up, the usage is already there.
Pyth also says it's now an outside distributor for Nasdaq Basic, selling real-time US stock quotes through its Data Marketplace. I like that more than the volume figure. Someone has to pay for those feeds.
$PYTH trades at $0.07695 right now. if it holds $0.07657, the 24h low, i think it grinds back toward the $0.0808 24h high as the usage story gets priced in. if it loses $0.07657, i'm wrong on this and there's nothing to defend. If you're already long, that level is where you take the loss and move on.
holding $0.07657 or losing it?
follow me for more calls like this.
That 90.5% is Pyth's own number from its September report, so it's a claim, not an audit. The same report says RWA perps did $638B in volume with a record $12.61B in open interest. If even half of that holds up, the usage is already there.
Pyth also says it's now an outside distributor for Nasdaq Basic, selling real-time US stock quotes through its Data Marketplace. I like that more than the volume figure. Someone has to pay for those feeds.
$PYTH trades at $0.07695 right now. if it holds $0.07657, the 24h low, i think it grinds back toward the $0.0808 24h high as the usage story gets priced in. if it loses $0.07657, i'm wrong on this and there's nothing to defend. If you're already long, that level is where you take the loss and move on.
holding $0.07657 or losing it?
follow me for more calls like this.