$2.09T RWA perps, $11.49M ARR, and a 100% PYTH buyback rule ๐
For $BCH and $LTC holders, this is the kind of simple business signal that should be easy to understand: real markets used the product, revenue grew sharply, and the DAO now sends product-linked funds into PYTH on the open market.
Pyth ended Q3 with $11.49M in active ARR, up 86% from Q2.
The business also reached 276 paying accounts, with Pyth Pro at $9.68M ARR and Pyth Indices at $1.81M ARR by the end of September.
That is the revenue side.
The usage side is just as loud: Q3 RWA perps did $2.09T in volume, and 94.1% of that ran on venues powered by Pyth.
Stocks, gold, oil and index perps are no longer some future RWA idea. They are already trading at scale, and Pyth is already sitting under a huge part of that market.
Then the token side got cleaner.
The DAO approved the 100% Rule, where every dollar it receives from Pyth products goes into PYTH bought on the open market.
That is why I think the old โPyth is just an oracleโ label is getting too small.
A normal oracle story would be about integrations and feeds. This quarter is about revenue growth, paying accounts, RWA volume, institutional data distribution and a rule that connects product-linked funds to open-market PYTH accumulation.
I think the market still has room to catch up to what Pyth is becoming.
#Altcoin Season# #RWA
For $BCH and $LTC holders, this is the kind of simple business signal that should be easy to understand: real markets used the product, revenue grew sharply, and the DAO now sends product-linked funds into PYTH on the open market.
Pyth ended Q3 with $11.49M in active ARR, up 86% from Q2.
The business also reached 276 paying accounts, with Pyth Pro at $9.68M ARR and Pyth Indices at $1.81M ARR by the end of September.
That is the revenue side.
The usage side is just as loud: Q3 RWA perps did $2.09T in volume, and 94.1% of that ran on venues powered by Pyth.
Stocks, gold, oil and index perps are no longer some future RWA idea. They are already trading at scale, and Pyth is already sitting under a huge part of that market.
Then the token side got cleaner.
The DAO approved the 100% Rule, where every dollar it receives from Pyth products goes into PYTH bought on the open market.
That is why I think the old โPyth is just an oracleโ label is getting too small.
A normal oracle story would be about integrations and feeds. This quarter is about revenue growth, paying accounts, RWA volume, institutional data distribution and a rule that connects product-linked funds to open-market PYTH accumulation.
I think the market still has room to catch up to what Pyth is becoming.
#Altcoin Season# #RWA