Pyth Network launches live metric pools amid token price volatility

Pyth Network has launched live metric pools for financial and cryptocurrency markets. These pools utilize Pyth Pro data to track various assets, including tokenized shares, foreign exchange, gold, and major cryptocurrencies. As of the end of September, Pyth Pro reported a live annual recurring revenue (ARR) of $9.68 million, contributing to Pyth’s total active ARR of $11.49 million.

In a separate market development, the PYTH token experienced a price decline of approximately 9.47% over a 24-hour period ending October 17, 2026. The token traded near $0.0846, driven by thin spot liquidity and negative funding conditions in derivatives markets. There were no confirmed protocol-specific catalysts, such as governance actions or token unlocks, identified to explain the drawdown, suggesting the move may reflect broader risk-off sentiment within the altcoin market.