PYTH PRO JUST DOUBLED IN ONE QUARTER And $PYTH still trades like a struggling oracle token The numbers: • ARR crossed $6M • Subscription ARR grew 109% QoQ • Paying accounts jumped from 47 to 107 • Gross new ARR exceeded $1M for three straight months Pyth Pro launched in September It crossed $1M in committed ARR by December, hit a $3M run rate after Q1 and has now doubled again. The most important number is not $6M It is 107 paying accounts This is not one whale contract making a dashboard look pretty. The customer base itself more than doubled in a single quarter. Pyth spent years building the distribution layer for financial data. Now exchanges, trading firms and institutions are paying recurring subscriptions to access it. Pyth Pro revenue is split 60% to the DAO and 40% to Douro Labs, so $6M in ARR does not mean $6M in direct buybacks. At a ~$386M market cap, the next question is how quickly that ARR turns into cash, DAO revenue and PYTH purchases.