Hassan Maishera
On Thursday, the Pyth Network announced via a blog post that six major financial institutions across three continents are joining the network as data publishers, and the Pyth Data Marketplace is officially live.
The Data Marketplace is the product making this possible at scale. It enables any institution to distribute proprietary datasets, from economic indicators to OTC pricing to FX benchmarks, through Pyth's global infrastructure while retaining full control over their data, attribution, and pricing. Aggregated price feeds solved one side of the market data equation. The Marketplace solves the other.
Euronext FX, Exchange Data International (EDI), Fidelity Investments, OTC Markets Group, SGX FX, and Tradeweb are now publishing proprietary market data through the network. Each represents a different category of institutional participant, and each brings data from a different corner of global markets.
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 8.2% in the last 24 hours, trading at $0.04727 per coin.
