Hassan Maishera
On Wednesday, the Pyth Network announced via a blog post that it has launched Pyth Indices, starting with proprietary 24/7 indices across U.S. equities, oil, metals, and thematic baskets co-developed with MarketVector Indexes, a VanEck company.
These indices are going live with Coinbase, Kraken, Nado, and dYdX. Pyth Indices are proprietary 24/7 products constructed from Pyth's price feeds. Each index has a defined basket, custom methodology, and runs continuously, 24/7.
The launch includes:
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Oil: WTI and BRENT
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U.S. Equities: NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, CRCL
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Metals: Gold and Silver
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Coinbase Equity Index Futures: AI10, Defense10, China10, Tech100 (co-developed with MarketVector)
Coinbase is using a suite of proprietary equity index futures (AI10, Defense10, China10, Tech100) developed using the Pyth and MarketVector index framework. These products represent the first multi-asset baskets available through Pyth Indices, bringing institutional-grade index methodology and governance to thematic equity exposure.
Kraken is integrating Pyth Indices to support continuous pricing across its derivatives and trading products, extending market access beyond traditional trading hours.
dYdX and Nado are launching perpetual contracts priced on the Pyth 24/7 Oil Index, providing an independent multi-source reference price rather than relying solely on exchange order book activity.
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 10.8% in the last 24 hours, trading at $0.03448 per coin.
