Pyth Network Launches 24/7 Price Indices for Equities, Metals, and Oil

Pyth Network has made a significant step forward in bridging the gap between traditional and crypto markets with the launch of its Pyth Indices suite. This new suite provides 24/7 price products for U.S. equities, metals, and oil, enabling crypto exchanges and trading platforms to access continuous reference prices for assets that normally depend on traditional market hours.

The launch covers a range of major U.S. stocks, including Nvidia, Tesla, Apple, Microsoft, Alphabet, Intel, Robinhood, Strategy, and Circle, as well as key commodities such as gold, silver, WTI crude, and Brent crude. The introduction of these indices aims to address one of the biggest gaps in tokenized equities and commodity perps.

The 24/7 indices are designed to keep pricing active when traditional exchanges are closed, using data from liquid onchain and offchain trading venues. This is particularly crucial for perpetual markets, which require a continuous benchmark to function properly.