Pyth Network's revenue nearly doubled in the third quarter of 2026. Annualized recurring revenue (ARR) at @PythNetwork rose from $6.18M in Q2 to $11.49M in Q3, a quarter-on-quarter gain of ab
Pyth Network's revenue nearly doubled in the third quarter of 2026. Annualized recurring revenue (ARR) at @PythNetwork rose from $6.18M in Q2 to $11.49M in Q3, a quarter-on-quarter gain of about 86%. The figure has grown steadily through the year, with ARR reported at around $3M in Q1.
Pyth said its active ARR reached $11.49M at the end of September, up 86.5% quarter on quarter, after it added $5.33M in net new ARR during Q3.According to Pyth's own recap, Pyth Pro represented $9.68M of live ARR, while Pyth Indices accounted for $1.81M across 16 live clients. The network also reported 276 paying accounts.
Usage on the exchange side also grew. Pyth said real-world-asset perpetual markets generated $2.09 trillion in volume during Q3, with venues powered by its data accounting for 94.1% of that activity. That figure is Pyth's own, and other outlets have cited slightly different percentages.
Pyth's data also feeds prediction markets. Crypto Economy reported that Kalshi uses Pyth prices for stock and commodity markets and named Pyth as the sole Source Agency in September filings for gold and silver perpetuals on its CFTC-registered exchange. The same report noted that Nasdaq Basic is now available on Pyth's Data Marketplace.
The revenue update came alongside a governance change. TokenPost reported that the PYTH DAO approved a "100% Rule", which directs every dollar the DAO receives from Pyth products toward open-market purchases of $PYTH. CoinMarketCap said the proposal, OP-PIP-136, replaces an earlier rule that allocated only one-third.
The token reacted. CoinMarketCap reported that PYTH rose 14.2% to $0.08605 after the vote, with trading volume up 287%.
Investors should note a caveat flagged by Bitbase: ARR measures the annualized value of recurring business at a given point. It does not represent revenue the DAO has already collected, or the amount available for immediate token purchases. The size of future buybacks will depend on whether revenue keeps growing at anything like Q3's pace.
Sources
Pyth Network: The Market Data Layer for New Financial MarketsTokenPost: Pyth Active ARR Jumps 86.5% to $11.49 Million in Q3CoinMarketCap: Pyth Network Surges 14.2% on 100% Revenue Buyback Policy
