Pyth Network's Pull Oracle Model: Revolutionizing DeFi Data Infrastructure

Randomness is fundamental for blockchain applications like gaming, NFT drops, and DeFi lotteries. However, generating true randomness on public blockchains presents unique challenges. - Verifiable Random Functions (VRFs) produce random numbers with cryptographic proofs - Results can be verified without compromising security - Essential for maintaining fairness in high-stakes applications A recent implementation by Proof of Play demonstrates significant improvements: - 500% faster performance than market alternatives - 3x more cost-effective - Custom-built for specific gaming requirements This infrastructure is becoming increasingly critical as web3 applications evolve, ensuring fairness and trust in decentralized systems.

**Key Updates This Week:** - SEC Chair Paul Atkins indicates significant changes ahead for digital asset regulation - BlackRock's Bitcoin ETF projected to become world's largest ETF within 10 years - Vitalik Buterin suggests Ethereum may replace EVM with RISC-V architecture - SUI token rallies for 5 days straight after Grayscale trust launch - Gaming giants enter Web3: Sega licenses new crypto game, Ubisoft partners with Immutable - Nous Research secures $50M from Paradigm for Solana-based AI development *Bitcoin holds steady at $94K while institutional adoption continues to grow.*

Pyth Network has launched real-time, on-chain price feeds for the USD/Korean Won (KRW) pair, addressing a significant gap in offshore market data availability. This development follows KRW's emergence as the dominant currency in crypto trading volume during Q1 2024, surpassing the US dollar. Key points: - First real-time on-chain price oracle for KRW - Addresses historical data accessibility challenges - Supports growing Korean crypto market activity This integration enables broader access to Korean Won market data, supporting the currency's increasing importance in global crypto markets.

Pyth Network is collaborating with Injective Protocol to revolutionize global trading through iAssets. This integration aims to address traditional finance's accessibility barriers. Key developments: - Pyth provides real-time price feeds for iAssets - Partnership enables 24/7 global market access - Focus on removing geographical trading restrictions The collaboration represents a significant step toward democratizing financial markets, making trading more accessible regardless of location or time zone. *iAssets* will allow traders to access global markets through decentralized infrastructure, potentially reducing traditional market friction points.

Injective Protocol has integrated Pyth Network's price feeds to power its on-chain perpetual trading platform. This integration marks a significant step in bridging traditional finance (TradFi) with decentralized finance (DeFi). The partnership builds on Pyth's growing ecosystem, which recently included integration with Coinbase's AgentKit. These collaborations aim to enhance DeFi infrastructure with reliable, real-time price data. - Enables accurate price discovery for perpetual trading - Strengthens DeFi market infrastructure - Continues Pyth's expansion across major protocols Learn more about the integration at [Injective Protocol](https://injectiveprotocol.com)