Pyth Network launches 24/7 indices for equities, oil, metals | PiQ Markets
Pyth Network launches 24/7 indices for equities, oil, metals
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IN SHORT
Pyth Network has launched new 24/7 pricing indices for U.S. equities, gold, silver, WTI, and Brent crude oil. The indices aim to enable continuous trading for crypto exchanges and tokenized assets, with early adopters including Coinbase, Kraken, and dYdX.
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Key Numbers
24/7continuous pricing for indices
422%year-over-year growth in tokenized stocks sector
39%market expansion for tokenized precious metals
Who's Involved
Pyth Network
Launched 24/7 proprietary indices for equities, metals, and oil
MarketVector
Partnered with Pyth to co-develop equity index futures
Coinbase
Initial user integrating Pyth Indices
Kraken
Initial user integrating Pyth Indices
dYdX
Initial user integrating Pyth Indices
Nado
Initial user integrating Pyth Indices
↳ Why This Matters
The launch of 24/7 indices for traditional assets on blockchain rails is crucial for the expansion of tokenized real-world assets and continuous trading products in the crypto space, bridging the gap between traditional finance market hours and the demands of digital asset markets.
Key facts
Pyth Network launched Pyth Indices, providing 24/7 price feeds for U.S. equities, gold, silver, WTI, and Brent crude.
The indices enable continuous trading for crypto exchanges and tokenized assets.
Initial users include Coinbase, Kraken, dYdX, and Nado.
Pyth partnered with MarketVector to develop thematic equity index futures.
The tokenized real-world asset market, led by stocks and commodities, is experiencing significant growth.
Pyth Network has launched Pyth Indices, offering continuous, 24/7 price discovery for U.S. equities, gold, silver, WTI, and Brent crude oil. This initiative aims to support around-the-clock trading products on crypto exchanges, including perpetual futures, tokenized assets, and prediction markets, even when traditional financial markets are closed.
Several crypto exchanges, including Coinbase, Kraken, and dYdX, are adopting these new indices. The launch reflects a broader trend towards the tokenization of real-world assets (RWAs), with the tokenized stocks sector growing significantly year-over-year. Pyth partnered with index provider MarketVector to develop thematic equity index futures covering sectors like artificial intelligence and defense.
This move expands Pyth’s offerings into institutional market data services and addresses the demand for continuous pricing infrastructure in the growing RWA market. Competitors like Stork and Chainlink also offer 24/7 or 24/5 data streams for traditional assets.
Frequently asked questions
Pyth Indices are a new suite of proprietary products launched by Pyth Network that provide continuous, 24/7 price discovery for U.S. equities, metals, and oil.
Continuous pricing aims to enable perpetual exchanges, prediction markets, and tokenized assets to trade around the clock, moving beyond the limitations of traditional market hours.
Initial users integrating Pyth Indices include Coinbase, Kraken, dYdX, and Nado.
Competitors like Stork have rolled out 24/7 oracle feeds for overlapping assets, and Chainlink launched 24/5 U.S. equities data streams.
What Happens Next
01Pyth plans to expand its offering into thematic products, cross-asset baskets, and custom solutions.
02The New York Stock Exchange is developing a 24/7 tokenized securities platform.
03DTCC is experimenting with onchain assets.
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Cadence
How It Developed
Pyth Network launched Pyth Indices, offering 24/7 proprietary price feeds for U.S. equities, gold, silver, WTI, and Brent oil.
The new indices aim to enable continuous trading for perpetual exchanges, prediction markets, and tokenized assets.
Pyth Indices aggregate data from liquid onchain and offchain venues.
Pyth partnered with MarketVector to co-develop equity index futures for thematic products.
Coinbase, Kraken, dYdX, and Nado are among the initial users integrating Pyth Indices.
Pyth Network launched new pricing indexes for U.S. stocks and commodities.
Coinbase, Kraken, dYdX, and Nado are using the indexes for new trading markets.
The indices provide continuous reference prices for perpetual futures, tokenized assets, prediction markets, and derivatives settlement.
