The oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its operating annual recurring revenue (ARR) reached $11.49 million, up 86.5% quarter-over-quarter; in Q3, it added $5.33 million in net ARR
Regarding exchanges, the trading volume of real-world asset (RWA) perpetual contracts worldwide based on Pyth data in Q3 reached $2.09 trillion, accounting for 94.1% of total volume in the related market. In prediction markets, Pyth has provided data support to platforms such as Kalshi and Polymarket. Specifically, in its legal filings, Kalshi listed Pyth as a data provider for gold and silver perpetual contract markets
In the AI sector, Pyth is testing a financial data infrastructure for AI agents together with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to analyze and make decisions based on market information. In addition, the Pyth DAO has approved the “100% rule,” under which all future revenue generated by Pyth products will be used for open-market buybacks of PYTH tokens, tripling the allocation ratio compared with the previous arrangement, when only one-third of
non-PYTH asset balances were used for buybacks. [Odaily]$PYTH
