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On a Immortal journey 🚀
Joined May 2024
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Half the trading volume in the most actively traded U.S. stock perpetual futures now occurs outside regular Nasdaq hours. This creates a practical challenge for risk management and valuation:
when the cash market is closed, which price should be used as the official mark at 2 a.m.? The growth of 24/7 equity perps is quietly shifting where price discovery actually happens for major U.S. Stocks
Have you heard about @PythNetwork ?
teapaw.org/mdomcahill/status/2117…
🤖 Made with AI
When I traded FX, you didn’t ask when the market was open. It was always open somewhere. Sydney handed to Tokyo, Tokyo to London, London to New York, and the price kept moving with the news. That's what a market looks like when demand is global and no single exchange owns it.
US stocks are now heading down the same road. Half of the volume in the most traded US stock perps now happens when the Nasdaq is closed.
Demand for US stocks has been global for a long time, but access wasn't. If you live in Seoul, Lagos or Buenos Aires, the session that matters runs through your night, and reaching it means a local broker, a wrapper and a lot of friction. Perps removed that friction. They're open around the clock, available anywhere, and work for any asset with a price. That's the job the ETF did for the last generation of investors, and it's why global demand went there first.
Once access goes 24/7, price discovery follows. News doesn't wait for the open, earnings land after the close, and the first reaction now prints on whatever venue is open. The home exchange is still the deepest market, and the open is still the busiest hour of the day. It's just no longer the only place a stock's price gets formed, and that won't reverse.
That changes the questions that matter. When the same stock has a live price on several venues at 2am, which one do you mark to, settle on, or lend against? The market data stack was built for one venue and one closing price. It now has to work for many.
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It’s election day in the @GalacticGeckoSG Every vote counts.
After cz has checked the markets upon waking up, the real spectacle has long since been unfolding in the background: @PythNetwork accounts for 91.5% of the total recorded trading volume in RWA perpetuals over the last 24 hours—and an impressive 99.5% of the $5.61 billion in volume for SOXL (the asset with the highest trading volume).
Sources:
rwa-markets.xyz/
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Seems Tradefi is realizing it can no longer stay in the conversation without Pyth data. Keep it up. it seems the financial world has reached a point where it simply needs what @PythNetwork Provides.
👉 “The Price of everything“
The world’s largest energy markets are watching the rise of perpetuals.
On ICE’s Q3 earnings call, Chair and CEO Jeff Sprecher cited Pyth data on oil perpetuals while discussing how these markets complement traditional futures.
Pyth data is becoming part of finance’s defining conversations.
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While everyone else is crying over the red charts, the Pirb tosses his smartphone aside, pulls out a jackhammer, and gets the job done. We trust in Pyth.
Banger Clip btw.
Pythians keep working hard no matter the noise around, because they know what this work is worth.
A new month is here, which means a cascade of reports and [redacted] lined up.
Does anyone even know what they’re cooking for us?
No clue.
Just show me the updated ARR already!
In Pyth we trust.
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Burned to ascend. My Pythenian just reached Level 3, the top of the ladder. @pytheniansNFT pythenians.xyz/share/3235
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Data layer and trading layer, same stack, now in an ICE earnings call.
@HyperliquidX is already one of the biggest venues for those RWA perps.
@PythNetwork is the price feed behind most of them, 91.9% of tracked volume in the last 24h and the top oracle on 341 of 497 assets (RWA Markets / Zinn Research, 29 Oct 2026).
Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally.
In this structure:
+ Hyperliquid serves as the underlying technology infrastructure via HIP-3*
+ trade[XYZ] designs and implements the markets
+ ICE operates the regulated market and clearing structure
Existing trade[XYZ] HIP-3 markets will remain unchanged.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
Probably one of the most educational communities out there. @PythNetwork
You don't need to know everything to join.
I didn't either. I just keep climbing.
The @PythNetwork community is a place to grow.
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I voted for @GalacticGeckoSG in the Solana NFT Community Award at @SolanaConf🏆
“S-1 filed. @PythNetwork already has the index live while the lawyers are still typing up the disclaimer. Crypto speedrun at its finest.”
Anthropic has filed its S-1.
Pyth’s 24/7 Anthropic index enables exchanges and prediction platforms to power their markets.
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I voted for Galactic Geckos in the Solana NFT Community Award at @SolanaConf. 🏆 solana.com/breakpoint/awards…
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Overnight pricing is quietly becoming the default…
26 Pyth 24/7 indices tracking single-name equities are now live.
They cover U.S., Korean, and Japanese stocks—delivering continuous, around-the-clock pricing for markets that never sleep.
@PythNetwork
BREAKING: Pyth Pro now prices Korean stocks including Samsung Electronics, SK Hynix and Hyundai Motor, with after-hours data to 8pm Seoul time. 18 Korean stock feeds are live, with 83 more queued.
@PythNetwork
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How do you say we dominate the RWA sector without actually saying it, lol 😅
The Future is purple 🔮@PythNetwork
Q3 was the biggest quarter yet for RWA perps and Pyth is at the center of it:
→ $2.16 trillion of cumulative volume.
→ Open interest grew 79% over the quarter, to a record $12.6B.
→ $2.04T priced by Pyth.
A thread 🧵
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I'm on the @consensus_games allowlist, entry #28078.
Join through my link: whitelist.consensus.games/i/…
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Earn rewards with me on @MeteoraAG! My referral link: app.meteora.ag/ref/W5NFWFN4H…
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