ChainCatcher news, October 8: Oracle network Pyth released its third-quarter update: as of the end of Q3, active ARR was $11.49 million, up 86.5% quarter-over-quarter, with growth coming from exchanges, prediction markets, and AI; net new ARR in Q3 was $5.33 million. As of the end of September, Pyth Pro had $9.68 million in operating ARR, Pyth Indices had $1.81 million, covering 16 operating clients, and the full business had a total of 276 paying accounts, with terminal self-service contributing $500,000 in new ARR in September.
On the exchange side, real-world asset perpetual market volume in Q3 was $2.09 trillion, with Pyth-supported venues accounting for 94.1%. Coinbase uses Pyth data to support continuously priced themed markets, and MarketVector uses indices calculated with Pyth data to support stock index futures listed on Coinbase Derivatives; Trade[XYZ], OKX, and Lighter also use Pyth's Pro and Indices data. On the prediction market side, Kalshi uses Pyth prices to cover equity and commodity markets, and in a September filing listed Pyth as the sole data source provider for gold and silver perpetuals on its CFTC-registered exchange; Pyth also provides data for Polymarket's real-world asset markets.