The availability of onchain oil market data could open up possibilities for DeFi applications that extend beyond cryptocurrencies, potentially enabling developers to build hedging tools, trading platforms, decentralized financial instruments and more.
Related: Pyth flips Chainlink in 30-day volume. The Chronicle CEO weighs inon the Telegram-based perpetual futures trading platform Storm Trade. Storm Trade will be the first DeFi application to integrate Pyth’s oil price feeds. It allows users to trade commodities, crypto, and forex with leverage.