Pyth Network launches 24/7 price indices for equities, oil and gold

Pyth Network introduced 24/7 price indices for nine U.S. equities and four commodities on June 10, bridging traditional asset pricing with crypto's always-on trading infrastructure.

"The gap between traditional market hours and crypto's 24/7 trading has been a persistent friction point for perpetual products," Mike Cahill, a core contributor to Pyth Network, said. "These indices are designed to eliminate that mismatch."

The indices cover single-asset references for NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR and CRCL, plus WTI crude, Brent crude, gold and silver. Pyth aggregates data from more than 125 institutional publishers including trading firms, exchanges and market makers. Early adopters Coinbase, Kraken, dYdX and Nado have integrated the feeds to support perpetual contracts.

The launch extends Pyth's reach into tokenized real-world assets, a segment drawing growing volume as traders seek round-the-clock exposure to equities and commodities. MarketVector Indexes, a VanEck company, separately launched four thematic equity indexes on June 15 powered by Pyth's data — the AI 10, China 10, Defense 10 and Innovators 100 — which will underpin perpetual-style futures on Coinbase.

Coinbase has incorporated thematic index futures including AI10 and Defense10, while Kraken is emphasizing oil perpetuals that rely on continuous benchmarks for funding rate calculations, according to statements from both exchanges. dYdX and Nado are deploying the feeds for similar instruments.

The indices use a custom aggregation methodology that weights contributions based on liquidity, reliability and recency, Pyth said. For equities such as NVDA and TSLA, this delivers pricing that incorporates pre-market moves and after-hours reactions. The oil indices for WTI and Brent capture fluctuations driven by geopolitical events outside standard trading hours.

MarketVector's four thematic indexes — each built with corporate-action treatment, pricing discipline and fallback procedures — are available for licensing for derivatives settlement, reference rate applications and ETP benchmarking, MarketVector said. "This is not simply a technical upgrade — it is a rethinking of what round-the-clock price discovery looks like," Josh Kaplan, head of research and investment strategy at MarketVector, said.

The development positions Pyth to compete for oracle market share in the real-world asset tokenization sector, where continuous data is critical for on-chain representations of traditional assets.

This article is for informational purposes only and does not constitute investment advice.