Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile
Michael James | Pyth🔮

@mikejamesx

Business Development @DouroLabs; @PythNetwork @FogoChain | ex-JPM, Goldman | Opinions are my own, NFA

ID: 1328544724119130115

calendar_today17-11-2020 03:45:27

26 Tweet

112 Followers

486 Following

Pyth Network 🔮 (@pythnetwork) 's Twitter Profile Photo

The current market data economy is broken and siloed 🏦 Head of Institutional BD Douro Labs, Michael James | Pyth🔮 shared how institutions can rely on Pyth to solve for trust and speed at last week’s Injective 🥷 Summit 👇

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

Just got the call. Confirmed. Something big is brewing. The kind of shift that rewrites the rules. If you're not watching Pyth Network 🔮 yet, start now. The entire industry will be soon.

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

People ask me what I think about "competition" - other oracles - Chainlink, Redstone, etc. I don't. I spend 0 time thinking about other oracles. I'm not here for that. Our competition isn't them - it's NYSE, NASDAQ, CME, Bloomberg, Refinitiv, Deustche Borse, etc. That's what

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

A lot of onchain RWA founders and builders out here who have never touched or worked on a real-world asset in their life - and it shows.

Pyth Network 🔮 (@pythnetwork) 's Twitter Profile Photo

Pyth is everywhere 🌐 The Pyth contributors recently gathered for the 5th annual offsite to reconnect in person, share ideas, and advance their mission of transforming the market data economy. Keep your eyes on Pyth. Something special has been cooking 👀

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

The future of markets will run on Pyth Network 🔮. Banks. Market Makers. Prime Brokers. Risk platforms. Fintechs. They'll plug in once and never look back. Because this time, the pipes weren't built by billion dollar middlemen and gatekeepers. They were built by the market.

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

The alpha I'll drop the next few months won't be for engagement. It's about sending a message. And there won't be many warnings left after. Gradually, then suddenly, then permanently. Pyth Network 🔮

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

UBS 2024 annual report shows the bank paid $749M for market data in 2024. Quarter of a billion dollars for one company. That's not about data - that's about control. This is why banks are building with Pyth Network 🔮

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

“Yeah, cancel all my calls. Clear my schedule. Get me on with the Pyth Network 🔮 team. You see this rebrand? No exchange licensing. Every market maker already involved and I know of 5 banks starting to integrate. And get this…they said the ‘price of everything’. It’s time we

“Yeah, cancel all my calls. Clear my schedule. Get me on with the <a href="/PythNetwork/">Pyth Network 🔮</a> team. You see this rebrand? No exchange licensing. Every market maker already involved and I know of 5 banks starting to integrate. And get this…they said the ‘price of everything’. It’s time we
Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

Another day, another region. We are building the first complete source of data that isn’t limited by region, asset class or exchange. One with no middleman and exchange licensing/fees. The Pyth Network 🔮 is building one of the most ambitious and valuable products in global

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

We’ve given a few large firms early access to our new offering that is launching in September. One of the largest asset managers in the world, who is consuming our data, pinged me “Pyth Network 🔮 totally changed the way we think about market data and is a game changer.” The

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

This is the core difference between Pyth Network 🔮 and Chainlink. Pyth Network 🔮 is building a new, independent data economy - one that competes with the legacy monopolies. While Chainlink buys an ICE FX subscription, slaps a sticker on it, and adds it to the distribution store.

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

Another reason I don't see other oracles as competitors is because I see them as potential customers. If oracles want to scale beyond crypto and offer cross-asset pricing, they have two options: 1) Juggle costly exchange licenses and data vendors for every asset class 2) Pay for

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

JPM Morgan Stanley Wells Fargo Citi Bank of America Goldman Deutsche Bank BNP Mizuho MUFG Soc Gen Cantor Standard Chartered BNY State Street CIBC

Michael James | Pyth🔮 (@mikejamesx) 's Twitter Profile Photo

Just 1% of the market data business = $500m ARR. Target #1. And we won't stop there. Again, Pyth Network 🔮 is building one of the most valuable networks in all of finance. Multi-multi-multi Bs.