Pyth launches 24/7 proprietary price indices for US equities, oil, and metals using hybrid onchain/offchain data aggregation.
Tech & Launches ·
Pyth Network has launched 24/7 proprietary price indices covering US equities, oil, and metals. The indices aggregate data from both onchain and offchain sources to enable continuous price discovery outside traditional market hours. This expansion extends Pyth's capabilities beyond its established role as a crypto oracle into traditional asset classes.
The new indices are designed to support around-the-clock derivatives trading and tokenized asset markets that operate beyond conventional US trading hours. By combining proprietary data aggregation across multiple sources, Pyth aims to provide price feeds for assets that historically lacked constant availability in decentralized finance contexts.
The indices represent a significant expansion of Pyth's infrastructure mandate. Key details remain unclear, including the specific composition of the index baskets, the precise onchain and offchain data sources used, and the timeline for full operational deployment across institutional trading venues.