Pyth DAO approves full revenue buyback rule as annualized recurring revenue hits $11.49 million

Pyth DAO approves full revenue buyback rule as annualized recurring revenue hits $11.49 million

N
News Editor
2026-10-08 14:33:35
Pyth Network said in its financial update for the third quarter of 2026 that active annualized recurring revenue, or ARR, reached $11.49 million, up 86.5% from the previous quarter. The network also said it had 276 paying customers during the period. Separately, Pyth DAO approved what it called the "100% rule," under which all external revenue generated by protocol products will be used to buy back PYTH tokens on the open market. That marks a change from the previous framework, where one-third of revenue was allocated to buybacks. The update also said Pyth held a 94.1% data share in the RWA perpetuals market. In addition, the network said it provides data services for prediction markets and AI agents. The item was carried by Techub News and attributed to Wu Blockchain.

Pyth Network released its financial report for the third quarter of 2026, saying active annualized recurring revenue (ARR) reached $11.49 million, up 86.5% quarter over quarter, with 276 paying customers.

Pyth DAO also passed the "100% rule," which directs all external revenue generated by protocol products to open-market buybacks of the PYTH token. The previous buyback ratio was one-third.

The report said Pyth holds a 94.1% data share in the RWA perpetuals market and provides data services for prediction markets and AI agents.

According to the item, the source attribution was Wu Blockchain.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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