Pyth launches a continuous price index for US stocks and commodities to support the 24/7 trading market

In comparison, blockchain oracles and market data provider Pyth Network announced the launch of a continuous price index for US stocks and commodities to support round-the-clock trading products in the crypto market. The first batch of targets included US stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities such as gold, silver, WTI crude oil, and Brent crude oil.

According to reports, Coinbase, Kraken, dYdX, and Nado have taken the lead in connecting to this index to build a new trading market. The pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, forecasting markets, derivatives settlements, and ETF benchmarks, and can update data even when traditional exchanges are closed.

Additionally, Pyth has partnered with MarketVector (VanEck's index provider) to develop industry index futures covering topics such as artificial intelligence, defense, and technology.