Hassan Maishera
On Wednesday, the Pyth Network announced via a blog post that Pyth Pro is now live on the Cardano blockchain. Indigo has become the first Pyth Pro user on Cardano.
Indigo is one of Cardano's leading synthetic asset platforms, allowing users to mint and trade synthetic versions of real-world assets onchain. Synthetic assets only function when their pricing is accurate, fast, and resistant to manipulation, which makes the quality of underlying market data the most critical piece of the stack.
On Cardano, Pyth Pro delivers millisecond-level price updates with sub-100ms end-to-end latency, broad cross-asset coverage, and audited, production-ready infrastructure. The data is sourced directly from institutional market participants and is the same class of pricing used by professional trading systems and market makers.
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 down 0.7% in the last 24 hours, trading at $0.05031 per coin.
