$11.49M ARR, 86% growth, and 100% product funds now go to PYTH 📈
For $SEI and $UNI readers, the important part is not another “partnership” headline. It is that Pyth is showing up where market infrastructure actually gets tested: regulated filings, exchange-originated data, prediction markets and live financial products.
Pyth closed Q3 with $11.49M in active ARR, up 86% from Q2, and the DAO approved the 100% Rule, where all funds it receives from Pyth products now go into PYTH bought on the open market.
That alone is a strong holder update, but the paperwork makes it much harder to ignore.
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 was also approved as an external distributor of Nasdaq Basic through the Pyth Data Marketplace.
I like this angle because filings are harder to dismiss than logo posts. When real venues and institutional datasets keep touching the same pricing layer, the market has to update how it thinks about the asset behind that layer.
My read is that this is where PYTH starts feeling less like a trade on oracle mindshare and more like a trade on Pyth becoming serious market-data infrastructure.
The revenue grew fast, the credibility stack improved, and the new rule gives product-linked funds a direct open-market path into PYTH.
#Altcoin Season# #DeFi
For $SEI and $UNI readers, the important part is not another “partnership” headline. It is that Pyth is showing up where market infrastructure actually gets tested: regulated filings, exchange-originated data, prediction markets and live financial products.
Pyth closed Q3 with $11.49M in active ARR, up 86% from Q2, and the DAO approved the 100% Rule, where all funds it receives from Pyth products now go into PYTH bought on the open market.
That alone is a strong holder update, but the paperwork makes it much harder to ignore.
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 was also approved as an external distributor of Nasdaq Basic through the Pyth Data Marketplace.
I like this angle because filings are harder to dismiss than logo posts. When real venues and institutional datasets keep touching the same pricing layer, the market has to update how it thinks about the asset behind that layer.
My read is that this is where PYTH starts feeling less like a trade on oracle mindshare and more like a trade on Pyth becoming serious market-data infrastructure.
The revenue grew fast, the credibility stack improved, and the new rule gives product-linked funds a direct open-market path into PYTH.
#Altcoin Season# #DeFi