Pyth Network has launched Pyth Indices, a 24/7 pricing and index suite covering U.S. equities, commodities, and metals, enabling continuous price discovery across traditionally closed markets. The product aggregates liquidity from major onchain and offchain venues and is already being used by Coinbase, Kraken, dYdX, and Nado.

According to Douro Labs CEO and Pyth contributor Mike Cahill, Pyth Indices the new indices are intended to better reflect modern capital flows in always-on markets by leveraging data from institutions engaged in continuous trading activity.

“Traditional data feeds were built for a world where trading stopped at the closing bell,” Mike Cahill, CEO of Douro Labs and contributor to Pyth Network, said. “Pyth Indices mark an inflection point in access to 24/7 markets, where ‘market close’ no longer means the end of trading.”

The initial offering includes indices for major equities (NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, CRCL), metals (gold, silver), oil (WTI, Brent), and thematic baskets like AI10, Defense10, China10, and Tech100, alongside equity index futures co-developed with MarketVector. The launch follows earlier infrastructure work with Blue Ocean ATS to extend US equity pricing to 24/5 coverage.

“Institutional-grade, 24/7 markets are becoming the standard. As this shift continues, the demand for continuous pricing across equities and commodities will only accelerate,” Boris Ilyevsky, head of derivatives at Coinbase, said, adding that tools like Pyth Indices help address key infrastructure requirements needed to support the next generation of always-on trading.

According to Kraken derivatives executive John Palmer, Pyth Indices solve a key challenge for perpetual contracts by providing uninterrupted reference prices for traditionally non-continuous markets. He said the launch of oil perpetuals enables traders to access commodity exposure through the same platform they use for digital assets and other markets.