Polymarket · Bloomberg · Coinbase · Bitcoin.com News
Pyth Network Targets Bloomberg’s $50 Billion Market-Data Empire
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Pyth Network is pushing deeper into the more than $50 billion market for financial data, launching 24/7 index products across metals, oil, and U.S. equities as it positions its onchain price feeds against incumbents like Bloomberg.
Key facts
- Pyth Network is pushing deeper into the more than $50 billion market for financial data, launching 24/7 index products across metals, oil, and U.S. equities as it positions its onchain price feeds
- Pyth Indices mark an inflection point in access to 24/7 markets, where ‘market close’ no longer means the end of trading
- The network has also widened its coverage into areas that touch policy and macro trading, adding price feeds for major U.S. exchange-traded funds (ETFs), the United Kingdom’s top 100 public
- Polymarket has integrated Pyth Network as the resolution source for a new category of traditional asset markets on its prediction…
Summary
Pyth Network launched 24/7 indices for metals, oil, and U.S. equities, adopted by Coinbase and Kraken. Euronext, Fidelity, and Tradeweb now publish data via Pyth, challenging Bloomberg’s hold on a $50 billion market. Pyth Pro passed $1 million in annual recurring revenue, but converting institutions to paying clients remains the test. The decentralized oracle network, software that delivers real-world prices onto blockchains, unveiled the new proprietary indices earlier in the week.