#pyth network

➤ Pyth Network has launched Hong Kong equity feeds on Pyth Pro, providing 24/7 pricing data for over 70 HK-listed securities, including major names like Tencent and BYD. ➤ This expansion aims to close the structural gap in Asia equities coverage, enabling exchanges, trading firms, and on-chain applications to build products referencing these assets. ➤ The new feeds are delivered via the same API as existing Pyth Pro feeds, supporting the development of products like equity perpetuals and prediction markets.

➤ Prediction markets rely heavily on oracle infrastructure for reliable outcome resolution, with Chainlink, Pyth Network, and UMA being key players offering distinct functionalities. ➤ Chainlink provides broad oracle services, Pyth specializes in financial market data, and UMA offers optimistic resolution for subjective events, making each relevant to different types of prediction markets. ➤ Understanding the specific use case, integration, token utility, and security assumptions of each oracle protocol is crucial for investors, as platform growth does not automatically guarantee token performance.

➤ Matrixdock has integrated its tokenized silver (XAGm) and gold (XAUm) assets with Pyth Network's oracle feeds on the Sui blockchain. ➤ This integration aims to enhance transparency and accuracy for DeFi applications by providing real-time pricing data for precious metals. ➤ The move signifies a growing trend in tokenizing commodities and integrating traditional financial infrastructure onto blockchain networks like Sui.

➤ Matrixdock has integrated its tokenized silver (XAGm) with Pyth Network's price oracle on the Sui blockchain. ➤ This integration provides real-time price data for on-chain precious metal trading, lending, and collateralization, enhancing DeFi applications. ➤ The move supports Matrixdock's strategy to financialize real-world assets (RWAs) on the blockchain, offering institutional-grade infrastructure.

➤ Pyth Network has partnered with Kalshi to provide crucial price data for its new commodities prediction hub, enabling more reliable and transparent trading of assets like gold and crude oil. ➤ This integration leverages Pyth's institutional-grade, first-party price feeds to ensure accurate settlement of commodity contracts on Kalshi, a CFTC-registered exchange. ➤ The partnership signifies a major step in bridging traditional finance with decentralized prediction markets, enhancing market integrity and potentially increasing retail and institutional confidence.

➤ Kalshi has integrated Pyth Network as the data provider for its new Commodities Hub, offering event markets for gold, oil, lithium, and soybeans. ➤ Pyth will supply real-time institutional price feeds, crucial for the accuracy and reliability of these commodity-based prediction markets. ➤ The move highlights increasing competition in the prediction market space and ongoing regulatory scrutiny, while Pyth's native token saw a price increase.

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