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.