Hassan Maishera
On Tuesday, the Pyth Network announced via a blog post that Pyth has been approved as a distributor to offer Nasdaq Basic, Nasdaq's proprietary real-time quote and trade product for U.S. equities via data feeds.
The Pyth Data Marketplace adds a channel built for software and blockchain-native destinations. Publishers distribute their proprietary data through a single integration, with attribution and commercial control retained. For Nasdaq Basic, it is another distribution channel to tap into modern financial applications.
Clients of Pyth’s Data Marketplace may now license directly with Nasdaq to receive Nasdaq Basic via Pyth. Any client interested in using Pyth as their Nasdaq Basic provider must have prior, written approval from Nasdaq before consuming the Nasdaq Basic market data feed.
Nasdaq Basic is the exchange's real-time top-of-book product for U.S. equities. It carries Nasdaq's best bid and offer with associated size, drawn from liquidity in the Nasdaq market center, together with last sale price and size from Nasdaq's U.S. venues and from trades reported to the FINRA/Nasdaq Trade Reporting Facility.
Coverage extends to all U.S. exchange-listed securities, regardless of which venue a security is listed on. The product also carries the Nasdaq Official Opening Price and Nasdaq Official Closing Price, the reference prices from Nasdaq's Opening, Closing, and IPO/Halt Crosses that much of the industry uses to value positions at the start and end of the trading day.
For builders that need live data across asset classes, Pyth Pro offers more than 3,500 listed feeds across equities, futures, ETFs, commodities, FX, crypto, and fixed income. The live catalog includes more than 1,000 U.S. equity feeds and more than 50 commodity and metal feeds, with delivery channels supporting updates as fast as 50 milliseconds.
Feeds are sourced directly from trading firms, exchanges, market makers, and banks contributing first-party data to Pyth. Coverage follows each market’s schedule: supported U.S. equities can run 24/5, crypto runs continuously, and commodities and FX follow their respective market sessions.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide.
The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets, and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed.
In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. PYTH is up 4.7% in the last 24 hours, trading at $0.06615 per coin.
