News Heat Trend
Project Overview
Pyth Network is a next-generation price oracle solution that aims to make valuable financial market data available on-chain for projects and protocols, as well as for the general public, via blockchain technology. The network aggregates first-party price data from a broad group of over 70 trusted data providers and publishes it for consumption by smart contracts and other on- or off-chain applications.
Event-related news
Pyth Launches Continuous Price Index for U.S. Stocks and Commodities, Supporting 24/7 Trading Markets
Odaily Odaily Reports: Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for U.S. stocks and commodities, aiming to support around-the-clock trading products in the crypto market. The initial coverage includes U.S. stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities like gold, silver, WTI crude oil, and Brent crude oil.It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate these indices to build new trading markets. This pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, even updating data during traditional exchange closures.Additionally, Pyth is collaborating with MarketVector (a VanEck-owned index provider) to develop sector index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)
Pyth upgrades infrastructure and restructures economic model
Odaily Pyth Network has announced a major strategic transformation: a comprehensive infrastructure upgrade and a shift in its economic model from token incentives to revenue-driven. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually shut down by 2026, with focus shifting to the next-generation underlying network Lazer. The OIS staking reward mechanism will be terminated (parameter Y set to 0), while the security slashing mechanism will be retained.Meanwhile, the PYTH Reserve has repurchased approximately 12 million PYTH using protocol revenue. Commercial products (Pyth Pro, Data Markets) have become the core growth drivers, with leading prediction markets such as Polymarket and Kalshi already integrated. Institutional adoption continues to rise.
Related news
Pyth Launches Continuous Price Index for U.S. Stocks and Commodities, Supporting 24/7 Trading Markets
Odaily Odaily Reports: Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for U.S. stocks and commodities, aiming to support around-the-clock trading products in the crypto market. The initial coverage includes U.S. stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities like gold, silver, WTI crude oil, and Brent crude oil.It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate these indices to build new trading markets. This pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, even updating data during traditional exchange closures.Additionally, Pyth is collaborating with MarketVector (a VanEck-owned index provider) to develop sector index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)
Pyth Core oracle resumes normal operation after ~5-hour outage
Pyth Network tweeted that its subscription-free product, Pyth Core, experienced a service outage this morning and was restored to normal operation at 21:00. Pyth Pro remained unaffected throughout the incident; institutional users such as Kalshi, Coinbase, and LMAX operating on Pyth Pro experienced no disruptions. Pyth Network also noted that Pyth Core belongs to the legacy oracle layer and has been scheduled for decommissioning by the DAO on July 31. Teams yet to complete migration should transition to Pyth Pro, the new infrastructure.
Binance to Delist Spot Trading Pairs Including ATOM/FDUSD, AXS/BTC, CELO/BTC, and GAS/BTC
According to the official announcement, based on recent review results, Binance will delist the following spot trading pairs and suspend trading for them: May 15, 2026, at 11:00 AM (UTC+8): ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.
Pyth upgrades infrastructure and restructures economic model
Odaily Pyth Network has announced a major strategic transformation: a comprehensive infrastructure upgrade and a shift in its economic model from token incentives to revenue-driven. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually shut down by 2026, with focus shifting to the next-generation underlying network Lazer. The OIS staking reward mechanism will be terminated (parameter Y set to 0), while the security slashing mechanism will be retained.Meanwhile, the PYTH Reserve has repurchased approximately 12 million PYTH using protocol revenue. Commercial products (Pyth Pro, Data Markets) have become the core growth drivers, with leading prediction markets such as Polymarket and Kalshi already integrated. Institutional adoption continues to rise.