Pyth Active ARR Jumps 86.5% to $11.49 Million in Q3

Pyth’s active annual recurring revenue reached $11.49 million at the end of September 2026, an 86.5% quarterly increase that highlights expanding demand for its market-data products.

The network added $5.33 million in net new ARR during the third quarter. Pyth Pro represented $9.68 million in live ARR, while Pyth Indices represented $1.81 million across 16 live clients.

Pyth had 276 paying accounts at the end of September 2026. Pyth Terminal added $500,000 in new ARR during the month.

The network’s expansion is extending beyond traditional crypto markets. Real-world-asset perpetual markets generated $2.09 trillion in third-quarter volume, with venues using Pyth data accounting for 94.1% of that activity.

Coinbase uses Pyth data for continuously priced thematic markets. MarketVector indexes calculated with Pyth data support equity-index futures listed by Coinbase Derivatives. Trade[XYZ], OKX and Lighter also use Pyth Pro or Pyth Indices.

Pyth became an approved external distributor of Nasdaq Basic. Clients must license the product directly from Nasdaq and receive prior written approval before accessing it.

Pyth is also testing a market-data workflow with Exa for artificial-intelligence agents. The project combines Exa’s web research tools with Pyth’s current prices, historical observations and candlestick data through the Model Context Protocol.

“AI is changing how financial research is done, and that calls for a new approach to market data analysis,” said Teo Gonzalez, head of partnerships at Exa.

The collaboration remains in an early testing phase as the companies evaluate how agents can combine web research with structured market data in one workflow.

The PYTH DAO also approved its “100% Rule,” which directs every dollar received by the PYTH DAO from Pyth products toward open-market purchases of PYTH.