Hassan Maishera
On Wednesday, the Pyth Network announced via X that the Fixed income data is now live on Pyth. Three of the leading institutional sources of bond pricing, Fenics Market Data, OpenYield, and Tradeweb, are now live on Pyth.
Fenics Market Data is the data distribution business of BGC Group (Nasdaq: BGC), one of the world's largest interdealer brokers. Representing $1T+ in daily OTC volume across rates, credit, FX, commodities, and energy.
OpenYield brings firm, executable bond pricing to Pyth, the full UST curve, thousands of corporate bonds, and tens of thousands of municipals.
Finally, TradeWeb is one of the world's leading electronic marketplaces for fixed income. It provides live pricing across government bonds, credit, and rates.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide.
The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed.
In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. PYTH is up 6.2% in the last 24 hours, trading at $0.05039 per coin.
