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PYTH Record ARR milestone drives PYTH up
Pyth Network's native token,$PYTH, rose sharply on September 2, trading at $0.0581, a 14.96% gain in 24 hours. According to data, its trading volume surged 134% to $49.08 million. The catalyst for the rise was the August business report released by Pyth's core contributors, which showed overall annual recurring income (ARR) exceeded $10.4 million.
August was Pyth's strongest commercial performance to date, with the network adding total annual recurring revenue of approximately $2.9 million, compared with $1.7 million in July. In order to understand this growth trajectory more intuitively: Pyth Pro was launched at the end of 2025 and reached an ARR of US$1 million in the first month; by the end of the first quarter of 2026, the platform's ARR operating rate had reached US$3 million. Previously, the CEO had set the ARR target for the end of the year at US$10 million and pointed out that only about 7% of Internet users upgraded to the paid level at that time.
Pyth index drives growth and expands institutional adoption
The most eye-catching thing during this period was the Pyth index, whose fixed ARR reached US$1.59 million, of which US$1.28 million was added in a single month in August, thanks to the expansion of exchanges such as OKX, Kraken, Binance, Coinbase and MarketVector. The index catalog currently has 45 active products and is designed to provide continuous pricing for the U.S. stock market, commodities, metals and currencies. More than 138 institutions now contribute first-party data to the network.
Among Pyth Index data sources, gold and oil have the highest trading activity, followed by silver, confirming that the need for continued pricing of commodities and metals is now at the core of the product. Bitcoin is the only crypto asset among the five most frequently queried data sources on Pyth Pro, while spot metals and WTI crude oil lead the way outside the index catalog.
August data strengthens Pyth's broader business drive. The original product of the network is its decentralized price oracle, which uses a pull model to serve the DeFi protocol on Solana and more than 90 other chains. No subscription fees are required. Applications only need to pay on-chain transaction fees when needed to pull price updates. Pyth Pro and Pyth Index are commercial products for institutions built on this free tier of infrastructure to serve those that need data beyond that range.
