Hassan Maishera
On Tuesday, the Pyth Network announced via X that it has launched the Pyth 24/7 Oil Index, a continuous oil pricing for global markets. The Pyth 24/7 Oil Index delivers a continuous reference price for crude oil.
By combining onchain and offchain signals from exchanges, institutions, and professional trading firms, it reflects where oil is trading across markets, venues, and time zones around the clock.
This index is powered by a proprietary pricing algorithm built on Pyth’s unique view of global markets.
Because trading firms publish first-party market data directly to the network and onchain markets generate continuous liquidity signals, Pyth can observe price formation across a wider set of venues than traditional systems.
Integrating real-time market data as an aggregate price source for its perpetual futures trading platform. Pyth Pro delivers institutional-grade market data direct from top firms—accurate, transparent, and affordable across every asset class and geography.
To achieve this, Pyth has collaborated with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce to establish a new model that makes market data more accessible, accurate, and transparent.
These contributions are aggregated transparently with cryptographic verification and supported by staking and slashing mechanisms. The effect is to capture price discovery as it occurs at the source, all while creating a system that rewards accuracy and participation.
Pyth Pro is designed to give institutions a transparent, holistic view of global markets across every asset class and geography, eliminating the inefficiencies, blind spots, and escalating costs of the legacy market data supply chain.
Pyth Pro consolidates global coverage into one distribution network: more than 2,000 feeds across equities, futures, ETFs, commodities, FX, cryptocurrencies, and fixed income. Data is updated at millisecond frequency with over 99.9% uptime and 95% accuracy vs. NBBO, and new symbols are added every week.
First user is already live. Aftermath Finance, a leading DEX and LSD protocol on Sui, is integrating Pyth Pro to power faster and more accurate pricing across its products.
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. PYTH is up 0.4% in the last 24 hours, trading at $0.048 per coin.
