Pyth Oracle Deployed on Gelato's Polygon Testnet

A pricing glitch at Revolut triggered false Bitcoin flash crash alerts, demonstrating how a single erroneous data point can rapidly distort market perception. **Key Takeaway:** - The incident underscores the critical importance of data provenance and robust pricing infrastructure in retail-facing crypto markets - When pricing data fails, it can create panic and confusion among users who rely on accurate information for trading decisions As continuous trading becomes more prevalent in retail markets, the foundation of verifiable and accurate data infrastructure becomes increasingly essential for maintaining market integrity.

Pyth Pro has officially launched on Cardano, with Indigo Protocol becoming its first user on the network. **Key Details:** - Indigo Protocol, a leading synthetic asset platform on Cardano, now uses Pyth Pro for its pricing infrastructure - The integration covers Indigo's existing iAssets and the upcoming Indigo Limitless forex suite in their V3 upgrade - Pyth Pro provides the same data quality used by professional trading systems and market makers The launch marks a significant infrastructure upgrade for Cardano's DeFi ecosystem, addressing the need for fast, accurate, and manipulation-resistant pricing data. Pyth Pro has committed to expanding its presence on Cardano with more assets, feed types, and protocol integrations planned. Read the full announcement: [Pyth Pro is Live on Cardano](https://www.pyth.network/blog/pyth-pro-is-live-on-cardano-the-pricing-layer-cardano-defi-has-been-waiting-for?utm_source=organic_social&utm_medium=x_post&utm_campaign=2605_post&utm_term=pythprocardano)

**Pyth Pro** has established a direct pricing infrastructure powered by **125+ institutional publishers** who contribute data upstream, eliminating intermediaries and delays. **Key differentiators:** - Active price discovery participants provide first-party data - No API scraping or downstream vendor aggregation - No black-box algorithms or restrictive redistribution terms - Transparent data sourcing from institutions closest to price formation This approach contrasts with traditional data vendors who rely on aggregated, downstream sources. Pyth's model ensures **real-time accuracy** and **institutional-grade quality** across its 3,000+ price feeds covering equities, futures, ETFs, commodities, FX, crypto, and fixed income. The network has already secured over **$2.7 trillion in transaction volume** and powers major platforms including Polymarket, Coinbase, Crypto.com, and BitMEX. [Explore Pyth Terminal](https://pythdata.app/explore)

Cardano has deployed institutional-grade pricing infrastructure addressing a critical gap in its DeFi ecosystem. **Key Features:** - Millisecond price updates with sub-100ms latency - Cross-asset coverage for multiple financial products - Audited, production-ready oracle network **Supported Applications:** - Perpetuals and synthetic assets - Lending protocols - Real-world assets (RWAs) - Equity-linked products The infrastructure aims to provide Cardano builders with the high-performance pricing layer needed for sophisticated financial applications, complementing the network's established proof-of-stake foundation and engineering culture.

Cardano, a veteran proof-of-stake blockchain known for its methodical engineering approach, has addressed a critical missing component in its DeFi ecosystem. **Key Development:** - The network has implemented high-performance, institutional-grade pricing infrastructure - This addition completes Cardano's DeFi stack after years of careful development - The solution targets institutional users requiring professional-grade data feeds Cardano has maintained a reputation for thorough, research-driven development since its launch. While the ecosystem has built robust DeFi capabilities over time, pricing infrastructure remained a gap—until now. This infrastructure upgrade provides the network with enterprise-level oracle capabilities, potentially making it more attractive to institutional participants seeking reliable, compliant blockchain solutions.