Pyth is about to undergo a major upgrade and business model shift, including paid subscriptions and PYTH buybacks.
Any solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3 holders here?
@PythNetwork is moving fast on 24/7 pricing, institutional adoption, and a major upgrade coming in July. I'll keep it updated so you don't have to.
Recent Launches:
• Pyth Metals Indices are live: 24/7 pricing for Gold and Silver. These safe-haven assets that trade globally now have around-the-clock onchain pricing.
• Pyth FX Indices are live: @coinbase, @krakenfx, @nadoHQ and @dYdX are using Pyth Indices for always-on derivatives, including 24/7 US equities, metals, oil, FX, and thematic baskets
• On June 24, Pyth posted a cryptic teaser. All revealed June 30th.
• July 31: Major Pyth Core upgrade: free/permissionless tier is being sunsetted. Shift to paid subscriptions (starting ~$500/month). Revenue flows to the PYTH Reserve, with ongoing open-market solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3 buybacks.
Current Scale:
• 3,059+ price feeds
• 138+ publishers
• 114 blockchains supported
• 711 apps built with Pyth
• Pyth Pro (institutional subscription service) reportedly surpassed $1M ARR quickly after launch
Overall
@PythNetwork is doubling down on institutional-grade, always-on data while preparing for a more sustainable paid model.
The June 30 reveal and July upgrade are the next big catalysts to watch.