WormholePyth becomes external distributor of Nasdaq Basic data
Pyth Network has been approved as an external distributor of Nasdaq Basic, the exchange's real-time U.S. equity quote and trade product, making stock market data available through the Pyth Data Marketplace. It is the second leg of the commercial relationship between the two firms, after Nasdaq joined Pyth as a publisher of its TotalView depth-of-book feed earlier this year.
- Pyth is expanding from crypto-native price feeds into traditional equity market data distribution.
- Eligible clients can access real-time U.S. market data directly through Pyth's marketplace.
- The Wormhole account amplified the announcement, which pushed the PYTH token higher on the news.
Wormhole
Wormhole Network is a generic message passing protocol connecting high value blockchains together, with applications leveraging the the core messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more. Recent implementations of Wormhole include the Portal and NFT bridge, allowing for seamless asset transfers across supported chains. Currently connected to Solana, Terra, Ethereum, Binance Smart Chain, Polygon, Avalanche and Oasis, its design also allows for fast consensus, easily extensible and upgradable design to connect to more chains allows developers to build on top of Wormhole easily.
