Pyth Network launches indices for US stocks, commodities

Pyth Network (PYTH) has launched Pyth indices, a new product tracking U.S. stocks, gold, silver, and crude oil, The Block reported. The move is seen as an effort to follow competitors such as Stork, Hyperliquid (HYPE), and Chainlink (LINK), which have released similar offerings. Platforms supporting the new indices include Coinbase (COIN), Kraken, dYdX, and Nado. Pyth Network plans to expand the product line to include thematic indices and custom solutions.