$11.49M ARR now fuels PYTH buying ๐ช
$PYTH just got the kind of update markets usually chase late: 86% quarterly revenue growth tied to open-market token demand. $HYPE has the 24/7 perp and market-structure crowd, which makes it a strong chart for this story.
Pyth closed Q3 with $11.49M in active ARR, up from $6.16M at the end of Q2.
That is 86% growth in one quarter.
The DAO also approved the 100% Rule: 100% of the funds it receives from Pyth products now goes into PYTH bought on the open market.
This is the part that makes the update bigger than a revenue report.
Pyth added $5.33M in net new ARR during the quarter. Pyth Pro ended September at $9.68M ARR. Pyth Indices reached $1.81M ARR. The business now has 276 paying accounts.
The PYTH Reserve already holds 42M PYTH, with acquisitions published through onchain proofs and monthly reports.
Revenue is growing.
The reserve is visible.
The DAO mechanism now routes product receipts into open-market PYTH buying.
Crypto usually makes holders wait for a real link between product usage and token demand.
Pyth just made that link much easier to see.
#Altcoin Season# #Trading
$PYTH just got the kind of update markets usually chase late: 86% quarterly revenue growth tied to open-market token demand. $HYPE has the 24/7 perp and market-structure crowd, which makes it a strong chart for this story.
Pyth closed Q3 with $11.49M in active ARR, up from $6.16M at the end of Q2.
That is 86% growth in one quarter.
The DAO also approved the 100% Rule: 100% of the funds it receives from Pyth products now goes into PYTH bought on the open market.
This is the part that makes the update bigger than a revenue report.
Pyth added $5.33M in net new ARR during the quarter. Pyth Pro ended September at $9.68M ARR. Pyth Indices reached $1.81M ARR. The business now has 276 paying accounts.
The PYTH Reserve already holds 42M PYTH, with acquisitions published through onchain proofs and monthly reports.
Revenue is growing.
The reserve is visible.
The DAO mechanism now routes product receipts into open-market PYTH buying.
Crypto usually makes holders wait for a real link between product usage and token demand.
Pyth just made that link much easier to see.
#Altcoin Season# #Trading