Pentad Integration Update: Pyth

Hi, this is Charles Hoskinson broadcasting live from warm, sunny Colorado. Always warm, always sunny, sometimes Colorado. Today is December 11th, 2025, and I have a wonderful update for everyone. We recently announced the Pentad structure and stated that we are on the march to secure all the critical integrations into Cardano. We are working on oracles, bridges, stablecoins, analytics, and custodians.

There are many players that need to be brought in to strengthen Cardano's DeFi. Let’s make Cardano DeFi great again. Let’s do it. Let’s make it happen. Today, we have a significant announcement.

It’s the appetizer announcement, just the start of many good things to come. Our good friends at Intersect announced this via tweet today. Let me go ahead and share my screen. Intersect has reported that one of the first concrete outcomes of the critical Cardano integrations workstream is now in place. The steering committee, representing Input Output, Cardano Foundation, MGO, Midnight Foundation, and Intersect, has approved the first major integration under this framework, bringing Pith laser oracle to Cardano.

Pith Network provides low-latency, institutional-grade market data across thousands of price feeds spanning crypto, equities, FX, commodities, and ETFs. It is already used by hundreds of DeFi applications across 100+ blockchains to power trading, lending, and risk management. This is one of the first integrations progressing under the critical integrations framework, with Intersect acting as the administrator. Delivery work has already begun, and integration is targeted for early 2026. Stay tuned for more information.

Let me show you a little bit about Pith. They may not be the flashiest, but Pith is one of the most advanced oracle solutions on the market. They are also among the fastest and are used by nearly everyone. Their website showcases various publishers and the different feeds they have across 113 blockchains. This effectively connects Cardano to the information networks of the entire cryptocurrency space.

To illustrate the breadth and depth of what Pith is connected to, the United States Department of Commerce selected only two oracles to work with: Chainlink and Pith. How about that? Pith now has access to the United States government’s data, which will soon benefit everyone in the Cardano ecosystem. Oracles are the first part of major integrations. You need to communicate with other chains and systems and bring data from the outside world into Cardano.

We attempted to build an indigenous oracle solution, but it hasn’t worked out as well as we hoped, and that’s okay. With Pith and others coming, we are moving in a very positive direction. We have already started exploring the possibility of switching over Jed to Pith, and we encourage many Cardano DApps to consider the Pith solution. Pith is a wonderful company; they have been incredibly easy to work with, and we appreciate their management and development team. These are extremely fast oracles with sub-second latency and incredibly accurate information.

Bringing this in is great. By introducing several options, we can build up the chain infrastructure and negotiate from a position of strength. Pith is just the appetizer in the Cardano critical integrations. There are many more things to come, but you have to build it a house: lay the foundation and basement first, then build your way up. We wanted to make sure we got this announcement out before the end of the year.

I was actually going to announce it in person at Abu Dhabi Finance Week, but unfortunately, I wasn’t there. When I mentioned that we had ink on paper, this was one of the papers that was inked. There’s more to come because we’re in active negotiations with many other companies. The great part about the Pentad structure is that we can all speak with one voice. We can load balance, and we’ve worked together.

The foundation has been invaluable in these conversations, as has Intersect and the Midnight Foundation. They are all working as one team. Once an integration comes in, we can also host hackathons and say, "Hey, let’s do a hackathon using their solution." We can approach each DApp builder and say, "Now you have better options in the ecosystem as a whole." Remember that the menu is quite vast: bridges, stablecoins, oracles, analytics, and custodial providers.

This is the first menu of the 12 days of Christmas. Pith is one of the best oracles on the market, one of my favorites. It’s a phenomenal product, one of the fastest-growing products around, with a wonderful team, great people, and very high integrity. We are excited about the bigger announcements to come, but this is the Pentad in action, with everyone working in lockstep. We are proud of all the people involved.

This is a little early Christmas present for the community as a whole. I know that some days the trading is hard and the markets are bad, but Cardano is not an island anymore. We’re preparing for the next few million users, multi-billion TVL, and a lot of MAUs and transactions. We now have many competitive differentiators. Bitcoin DeFi gives us access to new markets that others don’t have, and Midnight provides a privacy layer that others lack.

That’s a huge competitive differentiator between us and everyone else. We also have tier-one listings for CNTs. Now that that barrier is broken, the rest can follow suit. This means that arbitrage strategies between CEXs and DEXs will bring a ton of trading volume into the Cardano ecosystem as people arbitrage between our DEXs and the CEXs to normalize prices. More transactions, more volume, more money for market makers, more money for your DeFi applications, and we’re just getting started.

OMR has some exciting developments with Bitcoin DeFi, and John O’Conor has incredible plans with Realy. It’s likely to be the single biggest grower of TVL on the Cardano blockchain next year. Midnight is just coming out, and it’s a lot of fun. We’re getting it done. I wanted to make this quick announcement and also thank Jack and all the people over at Intersect.

They’ve been great to work with on this project and have worked really fast. It’s not a bureaucracy when they can get things done quickly and systematically. They’ve really improved their organization, and we’re proud of how much Intersect has grown throughout the year and the high quality of collaborations with them. To the Cardano community as a whole, the cavalry has come. Cardano is moving.

Let’s get this done. Thanks, everyone.