Another day, another gold medal, and another world-record swim for Michael Phelps.

He dominated from the starter’s gun to the final touch, as Phelps captured his sixth gold medal in Beijing by winning 200-meter individual medley race with a time of 1:54.23. He also set his sixth world record by breaking the old mark of 1:54.80 which he set last month at the U.S. trials.

Ryan Lochte had only a 29-minute rest between the 200-meter backstroke and 200 IM, and it showed. He could not keep up with Phelps’ pace and had to settle for the bronze medal. Lochte’s consolation prize was a world record and his first career individual gold medal in the backstroke. He edged American teammate Aaron Peirsol with a time of 1:53.94 to break the world mark they shared together.

Next up for Phelps is the 100-meter butterfly finals on Friday evening and if all goes according to plan, the record-breaker will come on Saturday evening in the 400-meter relay, a race that the Americans are heavily favored to win.