Oracle network Pyth released its third-quarter update on Oct. 8, saying active annual recurring revenue, or ARR, reached $11.49 million by the end of the quarter, up 86.5% from the prior quarter. Net new ARR in Q3 came in at $5.33 million, with growth tied to exchanges, prediction markets and AI, according to the update.
As of the end of September, Pyth Pro accounted for $9.68 million in live ARR, while Pyth Indices contributed $1.81 million and covered 16 live customers. Across the business, Pyth said it had 276 paying accounts, and terminal self-service added $500,000 in new ARR in September.
Pyth also outlined where its data products are being used. It said venues supported by Pyth represented 94.1% of the $2.09 trillion in real-world asset perpetual market volume during the third quarter. Coinbase uses Pyth data for continuously priced thematic markets, while MarketVector calculates indexes with Pyth data that back equity index futures listed on Coinbase Derivatives. Trade[XYZ], OKX and Lighter also use Pyth Pro and Indices data. In prediction markets, Kalshi uses Pyth pricing across equities and commodities and listed Pyth in a September filing as the sole data source provider for gold and silver perpetuals on its CFTC-registered exchange. Pyth also provides data for Polymarket’s real-world asset markets.
Oracle network Pyth released its third-quarter update on Oct. 8, saying active annual recurring revenue stood at $11.49 million at the end of Q3, up 86.5% quarter over quarter. The company said the increase came from exchanges, prediction markets and AI. Net new ARR in the third quarter was $5.33 million.
By the end of September, live ARR from Pyth Pro was $9.68 million. Pyth Indices contributed $1.81 million and covered 16 live customers. Across all business lines, Pyth said it had 276 paying accounts, while terminal self-service generated $500,000 in new ARR in September.
Exchange and index business
Pyth said real-world asset perpetual markets recorded $2.09 trillion in trading volume in the third quarter, with Pyth-supported venues accounting for 94.1% of that total.
Coinbase uses Pyth data to support continuously priced thematic markets. MarketVector uses Pyth data to calculate indexes that underpin equity index futures listed on Coinbase Derivatives. Trade[XYZ], OKX and Lighter also use Pyth’s Pro and Indices data.
Prediction market clients
In prediction markets, Kalshi uses Pyth pricing across equities and commodities. In a September filing, Kalshi listed Pyth as the sole data source provider for gold and silver perpetuals on its CFTC-registered exchange. Pyth also provides data for Polymarket’s real-world asset markets.
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