Pyth Network has launched the Pyth Data Marketplace, a blockchain-based platform allowing financial institutions to publish and monetize market data. Initially, the platform will support data sets for spot FX rates, precious metals, and crude oil swaps, with seven institutional data providers, including Euronext and Fidelity Investments, offering price feeds. Pyth's pull data model enables users to pay only for the data they need, challenging the traditional $50 billion financial data sector.
In a strategic move, Pyth Network has partnered with Kalshi to enhance global prediction markets. This collaboration integrates Pyth's oracle data with Kalshi's event-based prediction markets, bolstering DeFi and real-world asset applications. The partnership underscores Pyth's role as a key player in the evolving blockchain oracle landscape.
Pyth Network Launches Data Marketplace, Partners with Kalshi
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