Pyth Network ($PYTH) Win Big With US Economic Data
The post Pyth Network ($PYTH) Win Big With US Economic Data appeared on BitcoinEthereumNews.com.
When Fed started publishing real-time economic data, Pyth Network jumped on it immediately, becoming the first oracle to feed official US inflation and employment numbers directly onto blockchain. In just weeks, PYTH shot up from $0.28 to over $0.45, and trading volume exploded past $300 million daily. But here’s what most people missed: while everyone was watching Pyth’s price action, Unich – a Solana-based OTC exchange that happens to partner with Pyth, was quietly hitting $1.2 billion in trading volume with its revolutionary Pre-Market platform. Pyth Becomes Wall Street’s Favorite Oracle As Traditional Finance Embraces Blockchain The integration of US economic data marked a turning point for Pyth Network. Major DeFi protocols can now access CPI data, unemployment rates, and GDP figures with the same accuracy banks use for trillion-dollar decisions. This isn’t just another oracle update. It fundamentally changes how smart contracts interact with real-world economics. Think about what this means practically. A lending protocol can automatically adjust interest rates based on actual Fed data. Derivatives platforms can create products tied to employment numbers. Prediction markets can settle disputes using official government statistics rather than third-party sources. The timing couldn’t be better, with institutional players desperately seeking reliable bridges between TradFi and DeFi. The market response tells the story. PYTH’s daily active addresses jumped 340% in the past month. Over 150 protocols now rely on Pyth’s price feeds, up from just 90 in January. Trading volume consistently breaks $250 million on heavy days, with whale wallets accumulating positions between $100K and $500K. Even Solana’s top protocols like Jupiter and Drift have doubled down on Pyth integration, recognizing that accurate data feeds determine whether billion-dollar protocols succeed or fail. What makes this growth sustainable is the network effect. Each new data source attracts more protocols. More protocols mean higher fees.…
