# Pyth Isn't Competing Anymore, It's Just the Standard **URL:** \ **Category:** Community Library\ **Created:** [September 20, 2026, 10:22pm UTC](https://forum.pyth.network/t/pyth-isnt-competing-anymore-its-just-the-standard/2705 "2026-09-20T22:22:17Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Ricardo](https://sea1.discourse-cdn.com/flex001/user_avatar/forum.pyth.network/ricardo/32/512_2.png) [@Ricardo](https://forum.pyth.network/u/Ricardo)\ **Post date:** [September 20, 2026, 10:22pm UTC](https://forum.pyth.network/t/pyth-isnt-competing-anymore-its-just-the-standard/2705/1 "2026-09-20T22:22:17Z")
Here’s a question that sounds simple until you actually try to answer it: **what’s the price of a stock that listed twenty minutes ago?** For most of financial history, the answer has been “wait”, wait for the data vendor. wait for the feed to catch up, wait for the market to settle into something that looks like a real price. **Pyth** ’s recent run has been about deleting that wait across every asset class at once, and when you zoom out to look at the numbers, it’s a total takeover. ## The problem nobody else was solving A stock that just listed has no history, no candles, no reference point, nothing to anchor a price to, any exchange trying to open a market on day one is flying blind, and most data providers simply don’t have anything ready, sometimes for days, sometimes longer.. **Pyth** decided that gap was worth closing, and it didn’t just talk about it. It did it, three times, back to back: 1. **CXMT listed:** Pyth had a price from the opening print. 2. **Unitree listed:** The humanoid robotics company that shipped more than 5,500 robots in 2025 and pulled in 9.8 million retail orders for its Shanghai debut. 3. **Shein listed:** The largest Hong Kong IPO of 2026, raising $1.74 billion, live pricing from the first tick. Here’s the kicker: before Unitree even started trading in Shanghai, platforms like **TradeXYZ** , **Paragon** , and **Lighter** had already built perpetual markets for it, they were sitting there waiting for an underlying asset to price against, the stock didn’t exist as a tradable instrument yet, but the markets were already live, the moment Shanghai opened, **Pyth** fed them the price. As **Douro Labs CEO** **Mike Cahill** put it: _the hardest price to establish is the first one._ ![Mike Cahill, CEO, DOURO LABS](https://us1.discourse-cdn.com/flex001/uploads/pyth_dao/original/1X/ff3efab57dee8a4e526854938a3758f1bcf91049.jpeg) ## The Asian coverage number is bigger than it sounds **Pyth Pro** ’s Asian spot equity catalog has quietly stacked **+160 stable feeds** : - **Hong Kong:** 107 - **Japan:** 21 - **South Korea:** 18 - **China:** 14 - **Taiwan:** 6 - **India:** 1 You’ve got Cambricon, GigaDevice, and SK Hynix in there alongside Toyota, Sony, Nintendo, SoftBank, Tokyo Electron, and Advantest, all priced through the exact same pipe **Pyth** uses for US equities, FX, commodities, and crypto. _A perp dex doesn’t need three different data systems to price Asian tech, US mega caps, and Bitcoin, it just needs one feed._ ![Pyth Pro Asia Expansion](https://us1.discourse-cdn.com/flex001/uploads/pyth_dao/original/1X/f936ff9d5eaf177d515d7e6a0b3113289fc731eb.jpeg) ## Yields, RWAs, and 24/7 pricing Coverage isn’t stopping at stocks: - **Treasuries:** In August, **Pyth Pro** went live with **2 year through 30 year U.S. Treasury yield and price feeds** contributed directly by institutional market makers, rate curves and collateral marking, delivered through the exact same stack. - **Stellar:** a network securing **$4B+ in tokenized RWAs** where **Pyth Pro** and **Pyth Indices** are now live, bringing continuous 24/7 index pricing to real world assets even when **TradFi** venues are locked for the weekend. And guess who keeps showing up first? That’s correct, it’s **PYTH.** ## $715B+ secured: 96.27% market share In August, tracked RWA perpetual volume hit a record **$751.9 billion** , **Pyth** secured **over $715 billion** of that total. That is **96.27% of the entire tracked market** , and everyone else combined split the remaining **$28.13 billion**. ## The business follows the tech August turned into Pyth’s strongest month: - **$10.4M+ Annual Recurring Revenue (ARR)** crossed. - **$2.9M Gross New ARR** added in August alone (nearly doubling July’s pace). - **138+ First-Party Institutional Publishers** streaming data to the network. The execution order is clear: Expand coverage ➞ Onboard institutional publishers ➞ Capture volume ➞ Accelerate revenue. ## What this actually adds up to Most of the RWA world gets distracted by vanity metrics and volume alone, that’s real, but it’s not the most interesting part. The most interesting part is **speed and market efficiency:** - **3 massive IPOs** priced from tick one - **+160 Asian equity feeds** on a single rail - **U.S. Treasuries, commodities, and tokenized assets** sitting right alongside crypto - **Over $715B secured** in August RWA perp volume - **96.27% market share** across tracked RWA perps - **$10.4M ARR** milestone reached Pyth quietly fixed financial data’s biggest flaw, and the numbers prove it. ## References: > **[U.S. Treasury yields and prices live on Pyth Pro - Pyth Network — The Price...](https://www.pyth.network/blog/us-treasury-yields-and-prices-live-on-pyth-pro)** > > Secure your smart contracts with reliable, low-latency market data from institutional sources. > **[RWA Perp Report: August 2026 - Pyth Network — The Price of Everything](https://www.pyth.network/blog/rwa-perp-report-august-2026)** > > Secure your smart contracts with reliable, low-latency market data from institutional sources. > **[Pyth August 2026 Report: Building the Price of Everything Layer - Pyth Network...](https://www.pyth.network/blog/pyth-august-2026-report-building-the-price-of-everything-layer)** > > Secure your smart contracts with reliable, low-latency market data from institutional sources. > **[Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick - Pyth Network...](https://www.pyth.network/blog/shein-lists-in-hong-kong-live-on-pyth-pro-from-the-first-tick)** > > Secure your smart contracts with reliable, low-latency market data from institutional sources. > **[China's First Humanoid Robot Listing, Now Live on Pyth Pro - Pyth Network —...](https://www.pyth.network/blog/china-s-first-humanoid-robot-listing-now-live-on-pyth-pro)** > > Secure your smart contracts with reliable, low-latency market data from institutional sources. [https://www.pyth.network/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar’s-4b-rwa-ecosystem](https://www.pyth.network/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar's-4b-rwa-ecosystem) ---
**Author:** ![SkyZ](https://sea1.discourse-cdn.com/flex001/user_avatar/forum.pyth.network/skyz/32/788_2.png) [@SkyZ](https://forum.pyth.network/u/SkyZ)\ **Post date:** [September 22, 2026, 7:41pm UTC](https://forum.pyth.network/t/pyth-isnt-competing-anymore-its-just-the-standard/2705/2 "2026-09-22T19:41:04Z")
I absolutely loved reading that.. begining just sucked me in Beaut Rico be a Ut ---
**Author:** ![Mersault](https://sea1.discourse-cdn.com/flex001/user_avatar/forum.pyth.network/mersault/32/651_2.png) [@Mersault](https://forum.pyth.network/u/Mersault)\ **Post date:** [September 26, 2026, 11:15pm UTC](https://forum.pyth.network/t/pyth-isnt-competing-anymore-its-just-the-standard/2705/3 "2026-09-26T23:15:38Z")
Incredible read, Ricardo. Absolutely pure Pyth domination. ---
**Author:** ![bparlan](https://sea1.discourse-cdn.com/flex001/user_avatar/forum.pyth.network/bparlan/32/859_2.png) [@bparlan](https://forum.pyth.network/u/bparlan)\ **Post date:** [September 28, 2026, 6:52am UTC](https://forum.pyth.network/t/pyth-isnt-competing-anymore-its-just-the-standard/2705/4 "2026-09-28T06:52:11Z")
this one not competing anymore, just the standard already. long term growth potential looking serious. Respect to team contribution, keep building ✌