Japan's Top Three Banks Plan Joint Stablecoin Launch

**Pyth Pro is transforming global market data access**, drawing comparisons to how Spotify revolutionized music streaming. - CEO @mdomcahills discusses the vision on @SoSoValueCrypto - Full interview explores Pyth's role as the **"Spotify of financial data"** - Platform aims to streamline how the world accesses critical market information The comparison highlights Pyth's mission to democratize data access, similar to how Spotify made music universally accessible. [Watch the full episode](https://www.youtube.com/watch?v=i2pOBF38kdM)

**Pyth Network has become the backbone of DeFi**, securing a dominant position across the cryptocurrency ecosystem. **Key metrics:** - Powers **60% of derivatives and crypto markets** - Secured over **$1.5 trillion in transaction volume** - Trusted by **600+ applications** across **100+ blockchains** - Accounts for **99% of traded volume** on 23 blockchains The oracle network's extensive reach demonstrates its critical role in providing reliable price data for decentralized finance protocols. **What's next:** Pyth is expanding into traditional finance through **Pyth Pro**, aiming to bridge the gap between DeFi and TradFi markets.

**Pyth Network** is collaborating with **Hyperliquid** builders to deliver high-quality oracle data directly from primary sources. Key developments: - Partnership focuses on providing superior data quality - Data sourced directly from original providers - **HIP 3.1 Oracle Enhancement Proposal** outlines the technical improvements This collaboration emphasizes the critical importance of **first-party data** in DeFi applications, ensuring builders have access to the most reliable price feeds and market information.

**Pyth Network has partnered with Kalshi** to deliver real-time prediction market data directly onchain across 100+ blockchains. **What's Available:** - Live odds on elections, Fed rate decisions, and championships - Regulated prediction market data from one of the top platforms - Real-time event pricing for developers **For Builders:** Developers can now create perpetuals, derivatives, and new financial products using Kalshi's live market data. This opens up possibilities for prediction-based DeFi applications. **Technical Integration:** The partnership makes Kalshi's regulated market data accessible through Pyth's oracle infrastructure, enabling seamless integration across multiple chains. Read the full details: [BusinessWire release](https://www.businesswire.com/news/home/20251013872939/en/Pyth-Network-Partners-With-Kalshi-to-Deliver-Real-Time-Prediction-Market-Data-Onchain)