Today, Douro Labs made the ninth distribution of **7,662,509 PYTH** ($340,384 USD equivalent) to the DAO. Per CO-PIP-104, this distribution is paid in PYTH tokens at the July monthly TWAP of $0.044422 ($1 = 22.51 PYTH).
This distribution covers revenue from Pyth Pro subscriptions, Listing as a Service (LaaS), and Index Revenue Share for July 1st 2026 to August 1st 2026, in accordance with CO-PIP-9 and OP-PIP-98.
July Revenue Breakdown
| Product | Gross Revenue | DAO Share | Douro Labs |
| ---------------- | ------------- | ------------------------- | ---------- |
| Pyth Pro (60/40) | $538,391 | 7,271,937 PYTH ($323,034) | $215,356 |
| LaaS (90/10) | $9,500 | 192,472 PYTH ($8,550) | $950 |
| Indices (60/40) | $14,667 | 198,100 PYTH ($8,800) | $5,867 |
| Total | $562,557 | 7,662,509 PYTH ($340,384) | $222,173 |
Cumulative Revenue (since Sept 2025)
| Product | Gross Revenue | DAO Share | Douro Labs |
| -------- | ------------- | ---------- | ---------- |
| Pyth Pro | $2,425,079 | $1,455,047 | $970,031 |
| LaaS | $59,500 | $53,550 | $5,950 |
| Indices | $17,667 | $10,600 | $7,067 |
| Total | $2,502,246 | $1,519,197 | $983,048 |
Note: Cumulative figures shown in USD for consistency with prior reports.
July Highlights
- Asian equities expansion
Pyth Pro now covers Hong Kong, mainland China, South Korea, and Japan with 100+ feeds live and expanding toward 450+.
- CXMT: China’s largest chip IPO
Pyth became the first global data provider to price CXMT, delivering real-time data from the opening trade of the largest semiconductor listing in Chinese history.
- Fixed income expansion
Fenics Market Data, OpenYield, and Tradeweb joined Pyth as data providers, bringing institutional-grade fixed income and US Treasury pricing to Pyth Pro and the Marketplace.
- Indices growth
25 indices now live on pyth.network/indices, providing continuous pricing through nights and weekends when traditional markets are closed.
- RWA perps dominance
Pyth powers 97.6% of the top 12 RWA perpetual markets, representing $44.5B in daily trading volume.
PYTH/USD Monthly TWAP — 2026-07
Per CO-PIP-104, when Douro Labs delivers revenue in PYTH tokens, the conversion rate is the average daily closing price of PYTH/USD from the Pyth Pro feed across all calendar days in the payment month.
2026-07 TWAP: $0.044422
Rate: $1 = 22.51 PYTH
DAO Distribution: $340,384 ÷ $0.044422 = 7,662,509 PYTH
| Date | Closing Price |
| -------------- | ------------- |
| 2026-07-01 | $0.037639 |
| 2026-07-02 | $0.038681 |
| 2026-07-03 | $0.039206 |
| 2026-07-04 | $0.038296 |
| 2026-07-05 | $0.040410 |
| 2026-07-06 | $0.045527 |
| 2026-07-07 | $0.042872 |
| 2026-07-08 | $0.043621 |
| 2026-07-09 | $0.045374 |
| 2026-07-10 | $0.047504 |
| 2026-07-11 | $0.046785 |
| 2026-07-12 | $0.047913 |
| 2026-07-13 | $0.047315 |
| 2026-07-14 | $0.046787 |
| 2026-07-15 | $0.047769 |
| 2026-07-16 | $0.050430 |
| 2026-07-17 | $0.048471 |
| 2026-07-18 | $0.048602 |
| 2026-07-19 | $0.048525 |
| 2026-07-20 | $0.047601 |
| 2026-07-21 | $0.047269 |
| 2026-07-22 | $0.048502 |
| 2026-07-23 | $0.045915 |
| 2026-07-24 | $0.043950 |
| 2026-07-25 | $0.042615 |
| 2026-07-26 | $0.043548 |
| 2026-07-27 | $0.044219 |
| 2026-07-28 | $0.040873 |
| 2026-07-29 | $0.039833 |
| 2026-07-30 | $0.040756 |
| 2026-07-31 | $0.040271 |
| AVERAGE (TWAP) | $0.044422 |