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Pyth

Largest First Party Oracle Network

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Real World Assets (RWAs): Bridging Traditional Finance and Blockchain

Mon 30th Sep 2024
Real World Assets (RWAs) are tokenized versions of offline assets like real estate, stocks, and US Treasuries. They bridge traditional finance and blockchain, unlocking new possibilities. Key points: - RWAs projected to reach $30 trillion by 2030 - Create massive liquidity potential - Transform finance as we know it Two main tokenization methods: 1. Non-native tokens: On-chain tokens represent off-chain managed RWAs 2. Native tokens: On-chain tokens act as the RWA itself Learn more: - Crypto.com University: https://crypto.com/university/what-are-real-world-assets - RWA token list: https://crypto.com/price/categories/real-world-assets
Community article

Pyth Network Releases MOTHER/USD Price Feed

Thu 26th Sep 2024
The Pyth Network has expanded its offerings with the release of a MOTHER/USD price feed. This development comes in response to high demand from the cryptocurrency community. Key points: - MOTHER is a Solana-based memecoin associated with Iggy Azalea - The price feed is now available across more than 75 blockchains - Notable integrations include Drift Protocol, Save Finance, and FlashTrade This release follows Pyth's earlier introduction of the MYRO/USD price feed in March, demonstrating the network's commitment to meeting market demands for diverse cryptocurrency data.

HMX Continues Strong Performance on Arbitrum

Thu 26th Sep 2024
HMX, the next-generation perpetual DEX on Arbitrum, continues to show impressive growth: - Over $40 billion in traded volume - Supported by Pyth's Oracle Integrity Staking This follows a trend of successful DEX performance, as seen with QuickSwap's Liquidity Hub: - Surpassed $20 million in total trading volume - Offers improved execution prices and zero gas swaps on Polygon - Powered by Orbs Network integration These developments highlight the ongoing adoption and evolution of decentralized trading platforms across various blockchain networks.

Chainlink Expands to 500+ Secured Price Feeds

Thu 26th Sep 2024
Chainlink has reached a significant milestone with over 500 secured Price Feeds, enhancing the user experience for Synthetix and its integrators. This expansion sets a new standard for DeFi infrastructure, providing builders with high-quality data. Key points: - 500+ secured Price Feeds now available - Improved user experience for Synthetix (SNX) ecosystem - Raises the bar for DeFi infrastructure - Offers builders access to reliable market data This development builds on Chainlink's previous integration of the SNX/USD Price Feed on Base, enabling the creation of secure DeFi markets around Synthetix's token.

Bucket Protocol Integrates Pyth Network

Thu 26th Sep 2024
**Bucket Protocol**, a prominent DeFi platform, has announced its integration with **Pyth Network**, a leading oracle solution. This collaboration marks a significant step in enhancing the reliability and accuracy of data feeds within the DeFi ecosystem. Key points: - Bucket Protocol joins the growing list of elite DeFi projects utilizing Pyth's oracle services - Integration aims to improve data accuracy and reliability for Bucket Protocol users - Pyth Network continues to expand its presence in the DeFi space This partnership underscores the increasing importance of robust oracle solutions in decentralized finance. As more projects adopt Pyth's technology, it solidifies its position as a go-to oracle provider for high-quality, real-time data in the blockchain industry. **Stay tuned** for more updates on how this integration will impact Bucket Protocol's offerings and the broader DeFi landscape.

Oracle Integrity Staking (OIS) Launch and Community Q&A

Thu 26th Sep 2024
The Oracle Integrity Staking (OIS) launch has been completed by Pyth Network. To engage with the community and address questions: - A Community Spaces Q&A session is scheduled - Users are encouraged to submit their questions - Best questions will be rewarded with IAs in Pyth Discord Key points: - OIS aims to protect DeFi - Staking rewards are available - More information: https://staking.pyth.network/ **Action items:** 1. Submit your questions 2. Set a reminder for the Q&A session 3. Explore staking opportunities on Pyth Network

Pyth Network Unveils Enhanced KPI Dashboard

Thu 15th Aug 2024
Pyth Network has upgraded its KPI dashboard, offering users interactive access to on-demand statistics. The new feature reveals impressive metrics, including over $700B in trading volume powered by Pyth across 74 different blockchain networks. This enhancement allows users to explore detailed performance data, providing deeper insights into Pyth's growing impact in the crypto ecosystem. The upgrade demonstrates Pyth's commitment to transparency and its expanding influence in the decentralized finance space. Users are encouraged to visit the dashboard to discover the full scope of Pyth's momentum stats and track its progress in real-time.
Community article

Express Relay: Pyth Network's New Product for DeFi Protocols

Thu 11th Jul 2024
Pyth Network has launched Express Relay, a new product designed to address inefficiencies in DeFi protocols. Express Relay connects DeFi protocols directly to established searchers, allowing them to compete for priority in performing lucrative operations such as liquidations. This system aims to eliminate the extractive role of miners and validators in the MEV (Miner Extractable Value) process, potentially lowering costs for protocols and improving market efficiency. The Pyth DAO has approved the mainnet deployment of Express Relay, which is now live on EVM mainnets. Several prominent DeFi protocols with a combined TVL of $1 billion across 11 chains have already integrated with Express Relay. The product is supported by a network of leading institutional and decentralized on-chain participants. Integration with Express Relay is permissionless for both DeFi protocols and searchers.
Community article

Taiko Integrates Pyth Oracle Network for Decentralized Price Feeds and Entropy

Thu 30th May 2024
Taiko, an Ethereum-equivalent ZK-EVM rollup, has integrated the Pyth oracle network, providing permissionless access to over 500 Pyth price feeds and verifiable on-chain randomness via Pyth Entropy. This integration empowers DeFi builders on Taiko to create robust and transparent financial applications leveraging Pyth's real-time price data and benchmarks. Several projects, including Hana Finance, Jax Finance, and KiloEx, have already integrated Pyth on Taiko. The partnership aims to foster innovation and accessibility for developers within the Taiko ecosystem.
Community article

Pyth Pull Oracle Dominates Trading Volume Across 23 Chains

Thu 9th May 2024
The Pyth pull oracle has facilitated 90% or more of the total traded volume on 23 different blockchain networks. Pull oracles allow users to request frequent price updates on-demand, enabling Pyth's rapid scaling across multiple chains. This permissionless system for retrieving real-time pricing data has made Pyth a dominant force in the decentralized finance ecosystem.
Community article
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