HMX Continues Strong Performance on Arbitrum

๐Ÿ‰ Dragons breathing fire

By Pyth
Oct 10, 2024, 2:06 PM
twitter

HMX, the next-generation perpetual DEX on Arbitrum, continues to show impressive growth:

  • Over $40 billion in traded volume
  • Supported by Pyth's Oracle Integrity Staking

This follows a trend of successful DEX performance, as seen with QuickSwap's Liquidity Hub:

  • Surpassed $20 million in total trading volume
  • Offers improved execution prices and zero gas swaps on Polygon
  • Powered by Orbs Network integration

These developments highlight the ongoing adoption and evolution of decentralized trading platforms across various blockchain networks.​

Sources

Thrilled to keep supporting the @HMXorg Dragons building the next-gen Perp DEX on @arbitrum with Oracle Integrity Staking ๐Ÿฒ 40B+ in traded volume and much more to come โ€” powered by Pyth ๐Ÿ”ฎ x.com/HMXorg/status/โ€ฆ

HMX ๐Ÿ‰
HMX ๐Ÿ‰
@HMXorg

We are excited to support the launch of Oracle Integrity Staking by @PythNetwork ๐Ÿ”ฎ OIS advances HMX's mission to revolutionize decentralized futures trading with a reliable and trusted price feed ๐Ÿš€ Learn more below: ๐Ÿ”ฝ

39
Reply
Read more about Pyth

Pyth Oracle Successfully Prices Commodity Futures Markets Over Weekend

Pyth Oracle Successfully Prices Commodity Futures Markets Over Weekend

**Pyth Network's price feeds demonstrated reliable performance** during weekend trading, accurately pricing HIP-3 commodity markets including: - Oil futures - Gold - Silver - Other commodity derivatives The oracle network powered trading activity on [tradexyz](https://tradexyz.com) and [Dreamcash](https://dreamcash.com) platforms, maintaining continuous price accuracy during typically low-liquidity weekend periods. **This follows Pyth's positioning as a trusted infrastructure provider** for always-on markets, offering real-time pricing data to decentralized trading platforms requiring 24/7 oracle services.

Pyth Network Opens Community Hackathon for All Skill Levels

Pyth Network has launched a community hackathon welcoming builders of all skill levels to create projects using their oracle infrastructure. **Requirements:** - Integrate Pyth Price Feeds or Entropy - Provide working demo or deployment - Open source the code - Share project publicly **What to Build:** Participants can develop trading tools, prediction markets, data dashboards, DeFi experiments, or other market infrastructure. AI-assisted development is encouraged. Official guidelines available at: [Pyth Community Hackathon Rules](https://dev-forum.pyth.network/t/pyth-community-hackathon-official-rules/521?utm_source=organic_social&utm_medium=x_post&utm_campaign=2603_post&utm_term=ai_hackathon)

Pyth Launches 6-Week Hackathon with 200K Token Prize Pool

The Pyth Community Hackathon is now live, running from March 5 to April 1. This 6-week global build sprint invites developers, traders, and builders to experiment with real market data. **Key Details:** - ๐Ÿ† 200,000 PYTH token prize pool - ๐Ÿ‘ฅ Teams of up to 2 people - โฐ 6-week timeline (March 5 - April 1) **Structure:** - Weeks 1-4: Build and share progress publicly - Weeks 5-6: Panel scoring + community voting The hackathon aims to explore new possibilities when real market data becomes accessible to builders. No advanced credentials requiredโ€”just ideas and creativity. Terms and conditions apply.

Pyth DAO Launches 6-Week Community Hackathon for Real Market Data Experiments

Pyth DAO Launches 6-Week Community Hackathon for Real Market Data Experiments

The Pyth Community Hackathon is now live, offering a 6-week global build sprint for developers and traders to experiment with real market data. **Key Details:** - Organized by the DAO's Community Council - Open to developers, traders, and curious minds - Participants can build with [Pyth Price Feeds](https://pyth.network) or Pyth Entropy - No advanced credentials requiredโ€”just ideas and an AI copilot **What You Can Build:** - Trading tools - Prediction markets - Data dashboards - DeFi experiments - Unexpected market infrastructure AI-assisted development and experimental coding approaches are encouraged.

Major Financial Institutions Face Growing Tension with Pyth Pro

**Growing friction emerges between traditional finance and oracle networks** A notable tension has developed between major financial institutions and Pyth Pro, the leading first-party oracle network. This marks a shift from December 2025, when top banks and institutions were actively integrating Pyth Pro into their systems. **Key developments:** - Major banks now experiencing friction with Pyth Pro - Represents reversal from previous integration trend - Situation remains unresolved as of early March 2026 The cause of this tension and its potential impact on institutional crypto adoption remains unclear.