Pyth Network Becomes First Protocol to Reach 100 Blockchain Integration Milestone

🏃 100 Chains and Running

By Pyth
Jan 23, 2025, 2:18 PM
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Pyth Network has achieved a significant milestone by becoming the first protocol to integrate with 100 different blockchains.​ This represents remarkable growth from just 40 blockchains in November 2023.​

Key highlights:

  • First protocol to reach 100-blockchain integration
  • More than doubled coverage in under 3 months
  • Provides real-time data across all supported chains

This expansion demonstrates growing adoption of decentralized oracle solutions and validates Pyth's cross-chain infrastructure approach.​

Sources
Read more about Pyth

🔮 Pyth Dominates DeFi

**Pyth Network has become the backbone of DeFi**, securing a dominant position across the cryptocurrency ecosystem. **Key metrics:** - Powers **60% of derivatives and crypto markets** - Secured over **$1.5 trillion in transaction volume** - Trusted by **600+ applications** across **100+ blockchains** - Accounts for **99% of traded volume** on 23 blockchains The oracle network's extensive reach demonstrates its critical role in providing reliable price data for decentralized finance protocols. **What's next:** Pyth is expanding into traditional finance through **Pyth Pro**, aiming to bridge the gap between DeFi and TradFi markets.

🔮 Oracle Enhancement

**Pyth Network** is collaborating with Hyperliquid builders to deliver premium oracle data through the **HIP 3.1 Oracle Enhancement Proposal**. Key highlights: - Direct data sourcing from primary sources - Focus on highest quality oracle feeds - Enhanced integration with Hyperliquid ecosystem The proposal aims to improve data reliability and accuracy for decentralized applications requiring precise oracle information.

🎯 Prediction Markets Go Onchain

**Pyth Network partners with Kalshi** to bring regulated prediction market data onchain across 100+ blockchains. Developers can now access **real-time odds** for: - Elections - Federal Reserve rate decisions - Sports championships - Other major events This integration enables builders to create **derivatives, perpetuals, and new financial products** using live prediction market pricing. Kalshi operates as a regulated prediction market platform, making this the first major partnership bringing compliant prediction market data to DeFi. Read the full announcement: [BusinessWire release](https://www.businesswire.com/news/home/20251013872939/en/Pyth-Network-Partners-With-Kalshi-to-Deliver-Real-Time-Prediction-Market-Data-Onchain)

Global Finance Evolution Requires Enhanced Data Infrastructure

The financial industry is undergoing a fundamental transformation that hinges on **improved data quality and accessibility**. Traditional financial systems are being challenged by the need for more transparent, real-time, and reliable data sources. This shift represents a critical foundation for the next generation of global finance. Key developments include: - Growing demand for better data in internet capital markets - Recognition that data infrastructure is the cornerstone of financial innovation - Movement toward more sophisticated oracle networks and data providers The emphasis on data quality suggests that **financial institutions and technology providers are prioritizing infrastructure over flashy applications**. This foundational approach could lead to more stable and trustworthy financial systems. As the industry matures, the focus on robust data architecture indicates a shift from experimental phases to building sustainable, scalable financial infrastructure.

📊 Pyth Pro Launches

**Pyth Pro** launches as a comprehensive solution to the broken $50B market data industry. The traditional market data system suffers from: - Fragmented access and uneven pricing - Regional monopolies limiting innovation - Institutions paying more for less coverage **Key Features:** - Single subscription for **2,000+ real-time price feeds** - Coverage across all major asset classes - Direct access from 125+ leading trading firms and exchanges - Sub-100ms latency with 1.4 bps accuracy **Three-tier structure** adapts to different institutional needs, from DeFi protocols to traditional finance firms. Jump Trading Group joins the early access program, highlighting institutional demand for transparent, source-direct market data. [Request early access](https://tally.so/r/3xG8E5?utm_source=organic_social&utm_medium=x_post&utm_campaign=2510_post&utm_term=pythproevergreen)