Pyth Launches 24/7 Pricing Indices for Stocks and Commodities

Crypto Insight Summary: Coinbase, Kraken and dYdX are adopting Pyth's new indexes, which provide continuous pricing for US stocks, gold and oil outside market hours.  Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed. The initial lineup includes major US stocks such as Nvidia, Tesla, Apple, Circle and Strategy, as well as gold, silver, West Texas Intermediate (WTI) crude and Brent crude. Pyth also partnered with MarketVector, an index provider owned by VanEck, to develop thematic equity index futures covering sectors and themes including artificial intelligence, defense, technology and China. The launch expands Pyth’s push into institutional market data services. Earlier this year, the blockchain oracle provider introduced a platform that allows financial institutions to [publish and monetize market data](https://cointelegraph.com/news/pyth-network-looks-to-disrupt-data-hegemony-with-new-marketplace) across blockchain networks. _**Related:**_[_**RedStone launches settlement layer to address RWA liquidity gap in DeFi lending**_](https://cointelegraph.com/news/redstone-settlement-layer-rwa-liquidity-gap-defi-lending) The launch reflects a broader push toward around-the-clock trading of real-world assets on blockchain rails. Binance Research reported this week that the [tokenized stocks sector grew 422%](https://cointelegraph.com/news/tokenized-rwas-stocks-gold-real-estate-institutional-adoption-binance) year over year, making it the fastest-growing segment of the RWA market. Crypto Insight Analysis: Direction: Bullish PYTH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Pyth's new indices expand institutional adoption and utility of its oracle network, boosting long-term growth prospects.