# Mike Cahill I Shaping Digital Economies with HiFi Data I Duoro Labs I Pragma Singapore 2024

- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-10-09
- Duration: 17:49
- Topics: Mike Cahill, Pyth Network, Duoro Labs, DeFi infrastructure, price feeds, oracles, PythNet, entropy randomness, Express Relay, MEV protection, Web3, blockchain speed, smart contracts, Solana, Ethereum, L2s, TradFi vs DeFi, DeFi data, trustless finance, derivatives protocols, blockchain UX, on-chain trading, decentralized infrastructure, protocol adoption, DeFi performance, commit-reveal, oracle problem, low latency blockchain, Pyth price data
- Watch: https://streameth.org/watch/yt-aUpUcuDnZis
- YouTube: https://www.youtube.com/watch?v=aUpUcuDnZis

## Description

In this high-impact talk at Pragma Singapore 2024, Mike Cahill, founder of Duoro Labs and a core contributor to the Pyth Network, breaks down how we can supercharge DeFi infrastructure to outperform traditional finance (TradFi) by improving cost, speed, and trust.

Mike explores why DeFi struggles to compete with TradFi UX, how Pyth’s HiFi data oracle architecture changes the game, and what it means for the future of blockchain applications. Learn how Pyth price feeds, entropy for randomness, and Express Relay for MEV protection are already powering 400+ dApps across 80+ chains, enabling fast, low-cost, and trustworthy on-chain finance.

00:00 Intro and “Why DeFi Sucks” Compared to TradFi
01:29 TradFi Speed, Cost, and Trust Advantage
02:36 Why New Tech Adoption Requires Parity with Incumbents
03:39 Amazon vs Sears: Web Speed Parallels Blockchain Evolution
05:14 Blockchain’s Innovation: Programmatic Trust
06:26 From DeFi Summer to Modern Blockchains
08:04 Pyth Network: Boosting DeFi Infrastructure
08:34 Price Feeds: Solving the Oracle Problem with Speed
10:06 How Pyth Sources Institutional-Grade Market Data
11:04 PythNet: Data Aggregation & Multi-Chain Distribution
12:08 Monetizing Oracle Data Across 80+ Blockchains
13:12 Entropy: Verifiable On-Chain Randomness
14:30 Express Relay: Solving the MEV Problem
15:42 Instant Access to Liquidation & Searchers Network
16:44 Adoption: Pyth Powers 60% of On-Chain Derivatives
17:26 Closing: Beating TradFi with Superior DeFi Infrastructure

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🇸🇬 *Pragma Singapore*
Pragma Singapore 2024 was a special gathering of founders and builders that took place September 19, 2024 at the Fullerton Hotel in Singapore.  Pragma Singapore 2024 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma Singapore playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh6z0saYJnVdgXWfz-vaoEYx&si=uavhkhF5Kc8XBoLv

ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. 

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✅ *Follow Mike Cahill*
X: https://x.com/mdomcahill

✅ *Follow Duoro Labs*
X: https://x.com/DouroLabs

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X: https://x.com/ETHGlobal​
Warpcast: https://warpcast.com/ethglobal
Website: https://ethglobal.com
YouTube: https://www.youtube.com/c/ETHGlobal 

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