Huo Xing Cai Jing reports that Pyth Network, a blockchain oracle and market data provider, has launched continuous price indices for U.S. equities and commodities to support 24/7 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. Coinbase, Kraken, dYdX, and Nado have already integrated this index to build new trading markets. This pricing system provides continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, updating data even when traditional exchanges are closed. Additionally, Pyth is collaborating with MarketVector (a subsidiary index provider of VanEck) to develop futures contracts for industry indices covering themes such as artificial intelligence, defense, and technology.
Pyth Launches Continuous Price Indices for US Stocks and Commodities
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Summary
Pyth Network has launched continuous price indices for U.S. stocks and commodities to enable 24/7 trading in crypto markets. The initial list includes major stocks such as Nvidia, Apple, Tesla, and Circle, as well as commodities including gold, silver, WTI, and Brent crude. Price prediction tools now benefit from updated reference prices across perpetual contracts, tokenized assets, and derivatives. Major exchanges including Coinbase, Kraken, and dYdX have adopted the system. Pyth has also partnered with MarketVector to create index futures for the AI, defense, and technology sectors. This development could influence the Fear & Greed Index by improving market availability and stability.
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