Where do we stand today?
The launch of The PYTH DAO Treasury, which will be funded by revenue from Pyth products:
- Entropy
- Core (Just Price Feeds)
- Express Relay
- Pyth Pro (60% of revenue)
*plans for annual revenue from Pyth Pro - minimum $50M from a market with an annual volume of $50B
What’s next? Formation of The PYTH Reserve
33% of The PYTH DAO Treasury will be allocated to buy back $PYTH tokens from the market.
Is this a lot? ~$10 million for annual token buybacks looks pretty solid, but this is still just the beginning.
The formula is simple: More Customers - More Revenue - More PYTH Purchased - More Value. And so on. This is Phase 2.
What’s next? Phase 2: rewrite the market data economy on a global level
Phase 1 was focused on infrastructure build-out.
Phase 2 proved meaningful monetization.
Pyth Reserve is a major victory, but job's not finished.
Shilling $Pyth here.
-70% diluted
-Industry standard oracle powering Hyperliquid,trade XYX, kalshi, polymarket , coinbase etc
-fastest frowing data business in existence
-partnered w worlds largest banks (more soon)
-critical infra for Perps across all chains (lighter, tradexyz, hype, aster, avantis, superluminal+more)
$BTC $PYTH $ANSEM $HYPE and some assorted shitcoins
Wanna keep up with everything that happened on @PythNetwork last week? Here you go.
Not a 50+ words write up, just me playing around so you don't have to read a lot. The interesting stuff starts from the middle so make sure you reach the end.
Cast: @AetherTed@StanovAndrew@KemarTiti and me hahahahahahaha😂
The price of everything everywhere.
Let's head into the weekend with bullish thoughts.
Three engines driving the Global Price Layer, converting institutional volume into community value.
• Pyth Pro crossed $6M ARR, doubling accounts to 107 in Q2.
• Marketplace integrates Euronext, Kalshi, OTC Markets, SGX, Tradeweb and other.
• Indices scale 24/7 markets via volume-based fees.
Current win: 60% of Pyth Pro revenue is already used by the DAO to buy back PYTH tokens via the Reserve.
Future scale: all three revenue streams will flow into the Treasury to fuel the PYTH Reserve.
Congratulations to current and future Pythenians on being Pythenians