Network Fundamentals
Key statistics and trends from the Pyth ecosystem. Updated monthly.
Figures as of September 2026.
Network metrics
Pyth by the Numbers.
Volume, coverage, usage, and revenue across the Pyth ecosystem.
01
Total transaction volume
Cumulative volume secured by Pyth price data.
04
Free trials per month
3,261
The number of Pyth Pro free trial users through Terminal.
05
Combined revenue
$11.5M
Pyth Pro and Pyth Indices revenue, combined.
RWA MARKETS
Follow Tokenized Markets Live on RWA Markets.
A dashboard from Refraction Research for tokenized real-world asset trading: volume, open interest, and asset-level demand across venues.
Monthly volume
$631B
September 2026, tracked across 22 venues. Down 16% from $750B in August.
Daily open interest
$11.71B
Average daily open interest in September, up 12% from August. Record $12.62B on September 30.
% of volume priced on Pyth
90.29%
Share of September volume priced by Pyth. 94.7% counting perpetuals alone.
September volume by pricing source
Priced by Pyth
90.29%
Venue in-house pricing
5.43%
Other providers
4.28%
Pyth priced 96.27% in August.
September volume by asset class
Equities
Commodities
Indices
FX
Source: RWA Perp Report #3, September 2026. Data from Refraction Research.
Figures as of September 2026.
All Pyth Connect episodes
Every quarterly update, newest first.
Research
How the Industry Describes and Analyzes Pyth’s Market Data Model
Independent research and coverage of Pyth, alongside our own.
CELENT
Pyth Network: Transforming the Data Distribution Model
Read more
BENCHMARK
Crypto Chronicles: Pyth Network, the Oracle Protocol Whose Data Layer Is Taking Center Stage
Read more
OAK RESEARCH
How do oracles make money? Pyth Network case study
Read more
A-TEAM INSIGHT
Rethinking Market Data Distribution for a New Generation of Markets
Read more
BREW MARKETS
Nasdaq Basic Is Now Distributed Through Pyth
Read more
MESSARI
State of Pyth Network Q4 2025
Read more
MILK ROAD
Pyth Pro: Bloomberg, But Built Different
Read more