Analyst: Pyth Network DAO votes to use all product revenues for the PYTH buyback
2026-10-09 11:15:05
According to CoinMeta, Pyth Network DAO has approved a proposal to use 100% of the revenue generated from its Pyth commercial products to repurchase PYTH on the public market. This proposal, known as OP-PIP-136, means that the amount of PYTH collected will directly depend on the rapidly growing data revenue of the network. As per a blog post published by the Pyth network on October 8th, the new policy eliminates the monthly voting requirement; now, a single approval is sufficient to direct the revenue obtained from DAO subscriptions, listing services, data markets, and the Pyth index to the Pyth reserve. The proposal was put forward by contributor Kemartiti of DAO and was approved on September 24th. The Pyth reserve currently holds about 41 million tokens, and after the first purchase on September 30th, real-time tracking shows an increase to 42 million tokens. Pyth reported annual recurring revenue of 11.5 million US dollars in September 2026, representing an 86% increase from the previous quarter.
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Source:Cryptopolitan
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