🛢️ New Launch: The Pyth 24/7 Oil Index
Pyth just launched the first continuous oil price built for 24/7 markets. No other 24/7 oil index exists today.
Oil risk moves around the clock.
Until now, the price didn’t.
The Pyth 24/7 Oil Index combines onchain and offchain data from exchanges, institutions, and trading firms to reflect where oil is actually trading across global markets.
In recent weeks alone:
- $1.2B oil-linked derivatives traded in a single day onchain
- $11.5B in real-world asset volume processed over one weekend while traditional exchanges were closed
Markets are already always-on.
Pricing just caught up.
This is the first of a new category of proprietary indices built for continuous global markets.
👉 Read the full thread announcement: https://x.com/PythNetwork/status/2033879848876454244?s=20
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Introducing the Pyth 24/7 Oil Index: Continuous Oil Pricing for Global Markets
The first continuous composite oil price designed for markets that trade 24/7.
Until today, no such index existed a…
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