Pyth Network is collaborating with Hyperliquid builders to deliver premium oracle data through the HIP 3.1 Oracle Enhancement Proposal.
Key highlights:
- Direct data sourcing from primary sources
- Focus on highest quality oracle feeds
- Enhanced integration with Hyperliquid ecosystem
The proposal aims to improve data reliability and accuracy for decentralized applications requiring precise oracle information.
Not all data is created equal. Pyth is actively working with @hyperliquidx builders to provide the highest quality data, delivered directly from the source. Read the full HIP 3.1 Oracle Enhancement Proposal below 馃憞
HIP 3.1 Oracle Enhancement Proposal Enhancing oracle flexibility for proprietary and high-speed markets proposed in collaboration with the Pyth Data Association, a contributor to @PythNetwork on @hyperliquidX. Proposal link below.
馃敭 Pyth Dominates DeFi
**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.
馃幆 Prediction Markets Go Onchain
**Pyth Network partners with Kalshi** to bring regulated prediction market data onchain across 100+ blockchains. Developers can now access **real-time odds** for: - Elections - Federal Reserve rate decisions - Sports championships - Other major events This integration enables builders to create **derivatives, perpetuals, and new financial products** using live prediction market pricing. Kalshi operates as a regulated prediction market platform, making this the first major partnership bringing compliant prediction market data to DeFi. Read the full announcement: [BusinessWire release](https://www.businesswire.com/news/home/20251013872939/en/Pyth-Network-Partners-With-Kalshi-to-Deliver-Real-Time-Prediction-Market-Data-Onchain)
Global Finance Evolution Requires Enhanced Data Infrastructure
The financial industry is undergoing a fundamental transformation that hinges on **improved data quality and accessibility**. Traditional financial systems are being challenged by the need for more transparent, real-time, and reliable data sources. This shift represents a critical foundation for the next generation of global finance. Key developments include: - Growing demand for better data in internet capital markets - Recognition that data infrastructure is the cornerstone of financial innovation - Movement toward more sophisticated oracle networks and data providers The emphasis on data quality suggests that **financial institutions and technology providers are prioritizing infrastructure over flashy applications**. This foundational approach could lead to more stable and trustworthy financial systems. As the industry matures, the focus on robust data architecture indicates a shift from experimental phases to building sustainable, scalable financial infrastructure.
馃搳 Pyth Pro Launches
**Pyth Pro** launches as a comprehensive solution to the broken $50B market data industry. The traditional market data system suffers from: - Fragmented access and uneven pricing - Regional monopolies limiting innovation - Institutions paying more for less coverage **Key Features:** - Single subscription for **2,000+ real-time price feeds** - Coverage across all major asset classes - Direct access from 125+ leading trading firms and exchanges - Sub-100ms latency with 1.4 bps accuracy **Three-tier structure** adapts to different institutional needs, from DeFi protocols to traditional finance firms. Jump Trading Group joins the early access program, highlighting institutional demand for transparent, source-direct market data. [Request early access](https://tally.so/r/3xG8E5?utm_source=organic_social&utm_medium=x_post&utm_campaign=2510_post&utm_term=pythproevergreen)