🗳️ Pyth Network Council Elections: Final Days to Vote

Pyth Pro, a professional-grade pricing oracle, has launched on Cardano, marking a significant infrastructure upgrade for the network's DeFi ecosystem. **Key Details:** - Indigo Protocol, a leading synthetic asset platform on Cardano, is the first protocol to integrate Pyth Pro - The oracle provides fast, accurate, and manipulation-resistant price feeds used by professional trading systems and market makers - Pyth plans to expand support with more assets, feed types, and Cardano protocols The launch addresses a critical need for reliable pricing infrastructure in Cardano's DeFi sector, particularly for synthetic assets that require precise data feeds. Full announcement: [Pyth Network Blog](https://www.pyth.network/blog/pyth-pro-is-live-on-cardano-the-pricing-layer-cardano-defi-has-been-waiting-for?utm_source=organic_social&utm_medium=x_post&utm_campaign=2605_post&utm_term=pythprocardano)

**Pyth Pro** has established itself as a fundamentally different pricing infrastructure, sourcing data directly from **125+ institutional publishers** who are active price discovery participants. **Key differentiators:** - First-party data from market makers, exchanges, and trading firms - No API scraping or downstream vendor aggregation - No black-box logic or restrictive redistribution terms - Transparent data sourcing with full publisher visibility This upstream approach contrasts with traditional data vendors that rely on aggregated, delayed feeds. Publishers include major institutions like Tradeweb, Euronext FX, and other established financial firms contributing proprietary data across **3,000+ feeds** spanning equities, futures, ETFs, commodities, FX, crypto, and fixed income. The infrastructure has already secured over **$2.7 trillion** in transaction volume and powers platforms like Polymarket, Coinbase, Crypto.com, and BitMEX through **Pyth Pro X**. Users can verify data quality directly through **Pyth Terminal**, which offers real-time charts, full publisher visibility, and benchmark comparisons. [Explore Pyth Terminal](https://pythdata.app/explore)

Pyth Pro has officially launched on Cardano, bringing institutional-grade price infrastructure to the network's builders. **Key Features:** - Millisecond price updates with sub-100ms end-to-end latency - Broad cross-asset coverage - Audited, production-ready infrastructure The oracle network now provides the pricing layer for various DeFi applications including perpetuals, synthetics, lending protocols, real-world assets (RWAs), and equity-linked products on Cardano. This integration marks a significant infrastructure upgrade for Cardano's DeFi ecosystem, offering developers access to high-frequency price data previously unavailable on the network.

Cardano, one of the industry's longest-running proof-of-stake ecosystems, has addressed a critical infrastructure gap. Despite years of careful DeFi development and a deep engineering culture, the network lacked high-performance, institutional-grade pricing infrastructure. **Key Development:** - The missing pricing infrastructure piece has now been implemented - This completes Cardano's institutional-grade DeFi stack - Positions the network to better serve institutional participants The addition strengthens Cardano's technical foundation.

Pyth is transitioning from crypto middleware infrastructure into a legitimate competitor to traditional market data vendors. A new research note from Benchmark (StoneX) validates this shift, marking a turning point where the broader market is now describing Pyth in the same terms the project has been building toward. **Key Development:** - What began as an oracle network is now being recognized as a new model for market data distribution - Industry analysts are independently arriving at the same conclusions Pyth has been working toward The shift represents a fundamental break from the traditional oracle model, with Pyth positioning itself against established legacy providers rather than just serving as blockchain infrastructure. [Read the full analysis](https://www.pyth.network/blog/when-the-industry-starts-saying-it-pyth-is-becoming-a-new-model-for-market-data?utm_source=organic_social&utm_medium=x_post&utm_campaign=2605_post&utm_term=stonexreport)