Pyth Pro Is Live on Cardano: The Pricing Layer Cardano DeFi Has Been Waiting For

Pyth Pro is live on Cardano.

Cardano is one of the longest-running proof-of-stake ecosystems in the industry, driven by peer reviewed research and formal methods. Cardano’s passionate developer ecosystem has spent years building DeFi primitives the right way. Until recently, one piece of the stack was missing: high-performance, institutional-grade pricing infrastructure. With support in the architectural and structuring phase of development from the technical teams over at Cardano Foundation and Intersect, Pyth Pro is now live on Cardano and that gap is closed. The DeFi ecosystem now has the pricing layer it needs to build even more  use cases shaping onchain finance for tomorrow, from perpetuals and synthetics to lending, RWAs, and equity-linked products.

Indigo: First Pyth Pro User on Cardano

Indigo is one of Cardano's leading synthetic asset platforms, allowing users to mint and trade synthetic versions of real-world assets onchain. Synthetic assets only function when their pricing is accurate, fast, and resistant to manipulation, which makes the quality of underlying market data the most critical piece of the stack.

"Integrating Pyth Network brings institutional-grade, real-time market data infrastructure to Cardano - the kind of data layer that decentralized lending, stablecoin liquidity, and derivatives markets require to scale. This is exciting - because it is just the start." - Michiel Bellen, Global Head of Integrations at Cardano Foundation

What Pyth Pro Provides

On Cardano, Pyth Pro delivers millisecond-level price updates with sub-100ms end-to-end latency, broad cross-asset coverage, and audited, production-ready infrastructure. The data is sourced directly from institutional market participants and is the same class of pricing used by professional trading systems and market makers.

For builders, this means fewer constraints as products become more sophisticated.

Data Sourced Directly from Institutions

Pyth Pro pricing is sourced upstream.

Prices are contributed directly by 125+ institutional publishers who are active participants in price discovery, not downstream data vendors or aggregators.

This sourcing model avoids exchange API scraping, aggregation delays, opaque pricing logic, and restrictive redistribution terms. Prices are aggregated transparently allowing protocols to reason explicitly about data quality rather than treating pricing as a black box.

Building the Foundation for Cardano DeFi

Cardano's DeFi ecosystem is entering a new phase, with builders shipping increasingly sophisticated products across lending, synthetics, and derivatives. Pyth Pro is committed to growing alongside that progress, expanding asset coverage, adding new feed types, and supporting Cardano protocols as they scale. Indigo is the first. More are coming.

Get Started

Pyth Pro is live and available on Cardano today.

Builders who need higher performance or expanded asset coverage can integrate Pyth Pro. Learn more and request access here.