Pyth Network PYTH$0.065+2.0% grew its paid market-data business by 18.9% in October. The Pyth October 2026 report, released on 3 November 2026, puts annualized recurring revenue (ARR) at $13.67 million, up from $11.49 million in September, with Pyth Indices supplying about half of the new ARR.
ARR is the yearly value of the subscriptions customers are paying for at the end of the month. Pyth reported $2.17 million of net new ARR for October, after 10.6% growth in September, and 332 paying accounts at month-end.
Pyth Indices drove about half of October's new ARR
Pyth Indices, the benchmark prices Pyth builds for equities, ETFs, commodities, rates and other traditional assets, reached $2.88 million of ARR across 21 clients in October, according to the report. In its announcement post, Pyth put the product's October gain at $1.12 million. Set against the $2.17 million of total net new ARR, that is about half of the month's growth (our calculation from Pyth's two figures).
According to the report, the Pyth Indices catalog grew from 50 to 77 stable feeds during October, with 27 reaching stable status in the month and 31 more listed as coming soon. Pyth said the additions included 14 constant-maturity US Treasury feeds across seven maturities, nine equity and ETF indices, and a diesel index. Pyth reached 50 live indices in September, and the first Anthropic and OpenAI pre-IPO indices went live the same month.
On the day of the report, Kalshi Research introduced its KPOW Midterms index, and Pyth said the index is "sourced and published exclusively by Pyth, and every contract on it settles to Pyth's values."
Pyth Terminal sign-ups rose 37% and self-serve checkout brought $725K
Pyth Terminal, the web app where users browse Pyth's feeds and can subscribe through self-serve checkout, recorded 4,451 sign-ups and account creations in October, up 37% month over month, per the report. Pyth said unique Terminal visitors rose 19% to 124,705.
Pyth Indices accounted for most of what Terminal users viewed. Of 591,621 feed-view events across Terminal, Pyth counted 482,177 on Pyth Indices feeds, about 81% by our calculation.
Gross new ARR for the month was $2.49 million, according to Pyth. Self-serve Terminal checkout accounted for 29% of that, or $725,000, and 44.6% came from existing accounts expanding their subscriptions.
Pyth Pro adds Korean post-market feeds, an AI-agent server and corporate-action data
Pyth Pro, Pyth's subscription market-data product, listed 3,927 catalog symbols at the end of October, and the report counts 114 new feed IDs during the month. Four Korean equity feeds now publish through Korea's post-market session, and Pyth released version 1.1 of its Pyth Pro MCP Server, which the report says improves how AI agents work with market data. Pyth also said Exa "is testing Pyth as a market-data layer for agentic search."
On the Data Marketplace, Pyth added corporate-action data for US equities, such as cash dividends and stock splits, sourced from Exchange Data International.
Pyth Network ARR since July: $7.49M to $13.67M
Pyth's monthly reports show ARR rising by about 82% in three months (our calculation). We covered the July report and the August report as they landed.
| Month (2026) | ARR | Month-over-month change | Source |
|---|---|---|---|
| July | $7.49M | +22% | Pyth July report |
| August | $10.4M | about +39% (our calculation) | Pyth August report |
| September | $11.49M | +10.6% | Pyth September report |
| October | $13.67M | +18.9% | Pyth October report |
October's 18.9% is slower than the July and August rates in percentage terms, but its $2.17 million of net new ARR is roughly double September's $1.09 million (our calculation from the two month-end totals).
How October's revenue connects to the PYTH token on Solana
PYTH, the Pyth DAO's governance token, is issued on Solana. Under proposal OP-PIP-136, 100% of the funds the DAO receives from Pyth Pro subscriptions, Listing as a Service, the Data Marketplace and Pyth Indices now go to PYTH purchases, with the first acquisitions executed on 30 September, according to Pyth's 100% Rule explainer. The DAO receives a share of product revenue rather than all of it, so the $13.67 million ARR figure measures annualized subscription sales and is a different, larger number than the money available for PYTH purchases.
For the next report, the figures to watch are whether Pyth Indices keeps carrying around half of new ARR, how Terminal sign-ups convert into paying accounts, and any Pyth DAO disclosure of the PYTH bought with October's revenue.
