{"/legal/trademark-disclaimer":{"version":1,"title":"Trademark Disclaimer - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Trademark Disclaimer","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Mar 3, 2025","This website may display ticker symbols, product names, and other identifiers that are trademarks, service marks or trade names of third parties. Such display is for informational purposes only and does not constitute any claim of ownership thereof by Pyth Data Association or any of its subsidiaries and other affiliates (collectively, “Association”) or any sponsorship or endorsement by Association of any associated products or services, and should not be construed as indicating any affiliation, sponsorship or other connection between Association and the third-party owners of such identifiers.","Any such third-party identifiers associated with financial data are made solely to identify the relevant financial products for which price data is made available via the website. All trademarks, service marks, logos, product names, trade names and company names mentioned on the website are the property of their respective owners and are protected by trademark and other intellectual property laws. Association makes no representations or warranties with respect to any such identifiers or any data or other information associated therewith and reserves the right to modify or remove any such displays at its discretion.","For logo updates on Pyth Network website please reach out to us.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Trademark Disclaimer"],"codeblock":[],"url":"/legal/trademark-disclaimer"},"/legal/pyth-events-terms-and-conditions":{"version":1,"title":"Terms and Conditions for Attendance at Pyth Events - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Terms and Conditions for Attendance at Pyth Events","Other documents"],"h2":["A. Scope","B. Acceptance of the Terms","C. Changes to these Terms","D. Personal Restrictions","E. Accessing an Event","F. Admission Fee; Payment","G. Event Specification","H. Attendee’s Representations and Indemnification","I. Termination","J. Warranties Disclaimers","K. Liability Disclaimer","L. Force Majeure","M. Nature of these Terms","N. Severability","O. No Waiver","P. Assignment","Q. Notices","R. Applicable Law and Place of Jurisdiction"],"h3":["a. General Prohibitions","b. Food and Beverages","c. Responsible Attendance","d. Smoking","e. Storage","f. Third-party Content","g. Event Recordings"],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Aug 6, 2025","These Terms and Conditions for Attendance at Pyth Events (“Terms”) govern your attendance at events organized or sponsored by Pyth Data Association, Grabenstrasse 25, 6340 Baar, Switzerland (“Association”, “we”, “us”, or “our”) (“Event(s)”), whenever the Association declares them to be applicable.","“You”, “your” and “Attendee(s)” refers to anybody who accesses and attends the Events. If you are accessing or in any way attending the Events on behalf of a company (such as your employer) or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms and, in that case, “you”, “your” or “Attendee(s)” will refer to that entity.","Please read the Terms carefully before you start accessing or in any way attending the Events. By accessing or in any way attending the Events or by clicking to accept or agree to these Terms when this option is made available to you, you accept and agree to be bound and abide by these Terms.","If you do not agree to these Terms, you are not permitted to access or in any way attend the Events.","By accessing or in any way attending any Event, you automatically agree to these Terms. Your access to and attendance at the Events is conditioned on your acceptance of and compliance with these Terms. These Terms shall exclusively apply; any of your terms and conditions that contradict or deviate from these Terms shall only be valid if and to the extent that we have expressly agreed to them. If you do not agree with any part of these Terms, you may not access or attend the Events.","These Terms may be changed at any time at our sole discretion and without prior notice. All changes are effective immediately upon making them available to you. By continuing to access or attend the Events after revised Terms have been made available to you, you signify your acceptance of and agreement to the changes.","You are responsible to regularly review these Terms to stay informed of any updates, as they are legally binding on you.","The attendance at Events is only available for Attendees who meet the following criteria: (i) you are at least 18 years of age; (ii) you are of sound mental capacity; and (iii) you are not prohibited from accessing or attending the Event by any relevant laws; and additionally (iv) if you are a legal entity, you are duly organized, validly existing, and in good standing under the laws of the jurisdiction in which you are organized, and you have all requisite power and authority to carry on your business as now conducted. By accessing or attending an Event, you confirm and guarantee that you fulfil all of these criteria. If you do not meet these requirements, you are not permitted to access or attend an Event.","Your access to an Event is generally dependent on the presentation of a valid admission ticket for the specific Event or specific parts thereof (“Admission Ticket”) and your valid ID or Passport. We reserve the right to impose special restrictions or authorize admission to specific parts of events, which may be subject to additional conditions.","Admission Tickets are personal to the original purchaser and may not be transferred without the Association’s prior written consent. Unauthorized transfers may result in the Admission Ticket’s invalidation without refund.","A booking of an Admission Ticket will be considered provisional until it is confirmed by us before the specific Event takes place (usually following full payment of the applicable admission fee). If this period has elapsed without the booking of an Admission Ticket being confirmed, we reserve the right to cancel the unconfirmed booking and Admission Ticket the ticket for resale.","If an Attendee is dressed in offensive attire or is intoxicated or of the like, we may refuse admission and/or remove the Attendee from the Event premises without refund of the applicable admission fee.","Specific payment terms, including accepted payment methods, transaction fees, and deadlines, are detailed on the applicable ticket sales websites or platforms. Any applicable payment deadlines must be adhered to strictly, and failure to meet the deadline will result in default without the need for a formal notice. In the event of late payment, statutory default interest will accrue from the payment due date until the balance is settled.","Admission prices are set per Event in a designated currency. Unless otherwise specified, prices are in Swiss Francs (CHF) exclusive of any applicable VAT or other taxes. Certain payment methods (e.g., credit card transactions) may incur additional processing fees. These fees will be disclosed at the point of purchase, and the Attendee agrees to cover any such charges.","The Association reserves the right to establish specific refund and cancellation policies for each Event. Any refund or cancellation terms will be outlined in the respective Event ticket sales terms or promotional materials. Unless event-specific refund or cancellation policies are outlined, the following will apply in the event of cancellation by the Attendee, except in cases of Force Majeure:","Cancellation at any point in time before the Event: The Attendee will receive no refund of the paid admission fee.","Absence at Event: If the Attendee fails to attend the Event without prior written cancellation, no refund will be provided, and the admission fee remains fully due.","The Association retains the right to cancel an Event at its sole and absolute discretion. In the event of a cancellation by the Association, the Attendee’s entitlements will be as follows, except in cases of Force Majeure:","Cancellation at any point in time before the Event: The Attendee will be entitled to either a full refund of the admission fee or the option to apply the admission fee as a voucher for future Events.","If the Event is cancelled due to Force Majeure as outlined in section L., the Association will make reasonable efforts to reschedule the Event. If rescheduling of the Event is not feasible, the Attendee may choose to either transfer the admission fee as a credit toward a future Event or request a refund, minus any costs already incurred to the Association to organize the respective Event.","You agree not to do any of the following:","engaging in activities that disturb other Attendees, interfere with Event proceedings, or otherwise disrupt the orderly conduct of the Event, including but not limited to excessive noise, unauthorized demonstrations, or causing damage to the Event venue;","causing any damage or destruction to the Event premises, facilities, or any property belonging to the Association, other Attendees, Event staff, or third parties;","any form of harassment, including offensive verbal or physical conduct, intimidation, or unwelcome advances based on race, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic;","acts or threats of violence, aggressive behavior, physical intimidation, or any actions that could endanger the safety or well-being of other Attendees or Event staff;","possessing, using, or being under the influence of illegal substances, or consuming alcohol excessively during the Event, in a manner that leads to disruptive behavior;","entering restricted areas or using equipment, displays, or facilities in a manner not authorized by the Association;","failing to adhere to safety guidelines established for the Event, including evacuation procedures, COVID-19 protocols (if applicable), and other health and safety requirements.","The Association reserves the right, at its sole and absolute discretion, to take appropriate action if any Attendee is found to be in violation of the prohibited conduct outlined in this section G.a. In addition to denying access or requesting the immediate removal of the Attendee from the Event premises, the Association may, at its discretion:","pursue civil remedies, including but not limited to claims for damages arising from any harm or losses incurred due to the prohibited conduct; and","initiate criminal proceedings, where applicable, for actions that constitute a violation of law, including but not limited to property damage, harassment, or any form of violence.","These measures may be taken without prior warning to the Attendee, and the Association’s decision to take any such action will not preclude further legal remedies.","At any Event the Association may offer foods and beverages or non-chargeable catering at its own discretion. The Association is unable to guarantee that there are no allergens in the food and beverages served during any Event. You are solely responsible for your consumption of all the food and beverages at any Event.","No food or beverage will be permitted to be brought onto the premises of the Event by the Attendee unless by prior written arrangement with the Association. A waiver will be required to be signed if such consent is provided by the Association.","The Attendee acknowledges and agrees that:","the Association may, at our sole discretion, refuse entry to any Attendee whom we believe to be intoxicated;","minors are only permitted on the Event premises in the company of their legal or parental guardian and will be required to be identified and may not consume alcohol during the Event. Minors may be asked to exit the Event premises by a designated time or otherwise leave the Event premises at our sole discretion at any time. Each Event premises has different rules relating to minors and Attendees with minors attending an Event are required to advise the Association of the minors’ attendance;","the Association reserves the right to limit the quantity of alcohol consumed by any particular Attendee;","the Association may stop the supply of alcohol to any Attendee at its sole discretion at any time if it believes that the Attendee is intoxicated, and may request that they leave the Event premises;","the Association may, at its sole discretion, revoke the Attendee’s admission to an Event if the behaviour of the Attendee has become unacceptable or threatens the safety of Event staff and/or other Attendees and/or any other persons present at the Event premises; and","the Attendee must leave the Event premises in an orderly fashion and in a manner that will not affect the quiet enjoyment of the Event premises or the surrounding areas by the neighbours.","Smoking may be allowed in designated smoking area/s on the Event premises. The Attendee must dispose their cigarette ash, butts and matches thoughtfully, using the ashtrays provided. Any costs arising from the triggering of smoke detectors, will be borne by the Attendee unless caused by any act or omission of the Association or Event staff.","There is no short- or long-term storage available for equipment, the Attendees’ property and goods at the Event premises and it should be removed at the end of the Event. In the Association’s sole and absolute discretion, the Association may allow for the collection of property and goods to occur before 09:30 a.m. the day following the Event.","The Association will not take any responsibility and accept any liability for any Attendees’ property and goods left or lost on the Event premises.","At the Events, content of third parties, including but not limited to other Attendees, speakers, guests, bloggers, and other entities, may be presented, displayed, or otherwise made available. All statements, opinions, answers to questions, and other information shared through this third-party content are solely the views and responsibility of the individuals or entities providing the content. Such third-party content is not endorsed, verified, or supported by the Association and does not reflect the Association's views or policies.","The Association disclaims any responsibility or liability for the accuracy, completeness, or reliability of any third-party content presented, displayed, or otherwise made available at any Event. By attending any Event, you acknowledge and agree that the Association shall not be held responsible or liable, directly or indirectly, for any harm or loss arising from or related to reliance on any third-party content displayed, presented, or otherwise made available at any Event.","By accessing and attending any Event, you irrevocably consent to being photographed, filmed, or otherwise recorded by the Association, its authorized agents, or Event staff during the Event. You acknowledge and agree that the Association may use, reproduce, distribute, and display these recordings, which may include your image, likeness, voice, or statements, for any purpose, including but not limited to promotional, marketing, and informational purposes, in any media format, worldwide and in perpetuity. You waive any and all rights, including but not limited to rights of privacy, publicity, or compensation, that you may have in connection with any such recordings. By entering the Event premises, you fully release the Association from any claims or liabilities related to the use of these recordings and agree that your attendance serves as a full and voluntary acceptance of these terms.","By accessing and attending any Event, you represent and warrant that:","your access to and attendance at an Event will not violate any applicable laws and regulations;","you will not act in any way that violates any applicable policies and terms applicable to your access to and attendance at any Event, as may be revised from time to time, or included in any other agreement between you and us (including these Terms).","You agree to indemnify, defend, and hold harmless the Association, including our subsidiaries, affiliates, licensors, service providers, directors, officers, employees, agents, partners, contractors, successors, and assigns from and against any and all losses, damages, liabilities, claims, demands, actions, judgments, awards, costs, expenses, or fees (including reasonable attorneys' fees and expenses) arising out of or in connection with any third-party claims or any action, adjudication or decision taken against the Association by any government body, in each case, directly or indirectly arising (in whole or in part) out of any breach of these Terms.","Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are obligated to indemnify us. You agree to cooperate fully in the defense of any such claim, action, or proceeding. This includes: allowing us to control the investigation, defense, and settlement of any legal claim subject to your indemnification obligations. We will make reasonable efforts to notify you of any such claim, action, or proceeding as soon as we become aware of it.","Your indemnification obligations under this section H. survive the termination of these Terms.","We reserve the right to terminate or suspend you from accessing and attending any Event immediately, without prior notice or liability, for any reason, including but not limited to the following:","if you violate any of these Terms;","if we are required to do so by law or a regulatory authority;","if you engage in fraudulent or illegal activities; and/or","if you act in a manner that could harm the reputation or operations of the Association.","Upon termination of your access to or attendance at any Event, you remain responsible for any obligations or liabilities incurred during your attendance to the respective Event.","Termination of your access to or attendance at any Event does not limit any liability you may have incurred. All provisions of these Terms, which by their nature should survive termination, shall survive, including but not limited to, warranty disclaimers (section J.) indemnity (section H.), and limitations of liability (sections K.) and sections L., M., N., O., P., Q, R.","The Association shall not be liable to you or any third party for any termination of your access to or attendance at the Event. Any termination under this section I. shall be at the Association’s sole discretion. The Association reserves the right, at its sole and absolute discretion, to refund your paid Admission Fee for the respective Event (if applicable) in the event of termination of your access to or attendance at an Event.","Without limiting the foregoing, we have the right to fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone accessing or attending any Event. YOU WAIVE AND HOLD HARMLESS THE ASSOCIATION AND ITS AFFILIATES, LICENSEES AND SERVICE PROVIDERS FROM AND AGAINST ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.","YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR ACCESS TO AND ATTENDANCE AT ANY EVENT IS AT YOUR OWN RISK.","TO THE EXTENT NOT PROHIBITED BY LAW, WE PROVIDE ACCESS TO AND ATTENDANCE AT THE EVENTS \"AS IS\", \"WITH ALL FAULTS\" AND \"AS AVAILABLE\", WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. THIS INCLUDES, BUT IS NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, FITNESS FOR A PARTICULAR PURPOSE, AND RESULT IN ANY SPECIFIC OUTCOME. WE DO NOT GUARANTEE THAT THE ACCESS TO OR ATTENDANCE AT THE EVENT WILL BE UNINTERRUPTED, OR FREE OF HARMFUL COMPONENTS, OR THAT ANY CONTENT PRESENTED AT THE EVENTS WILL BE SECURE.","SOME JURISDICTIONS DO NOT ALLOW EXCLUSION OF WARRANTIES OR LIMITATIONS ON THE DURATION OF IMPLIED WARRANTIES, SO THE ABOVE DISCLAIMER MAY NOT APPLY TO YOU IN ITS ENTIRETY BUT WILL APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW.","THE ASSOCIATION, ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESENTATIVES, AND EMPLOYEES WILL NOT BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR ACCESS TO OR ATTENDANCE AT, OR INABILITY TO ACCESS OR ATTEND, THE EVENTS. THIS INCLUDES BUT IS NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, PROFITS, BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, GOODWILL, OR DATA, CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE.","THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL, CONSEQUENTIAL, OR OTHER DAMAGES WILL NOT APPLY TO YOU TO THE EXTENT PROHIBITED BY APPLICABLE LAW. IN JURISDICTIONS WHERE SUCH EXCLUSIONS AND LIMITATIONS ARE NOT ALLOWED, WE ARE RESPONSIBLE TO YOU ONLY FOR LOSSES AND DAMAGES THAT ARE A REASONABLY FORESEEABLE RESULT OF OUR FAILURE TO USE REASONABLE SKILL AND CARE OR OUR BREACH OF THESE TERMS.","THE AGGREGATE LIABILITY OF THE ASSOCIATION AND ITS AFFILIATES, LICENSORS, AGENTS AND SERVICE PROVIDERS RELATING TO THE SERVIES WILL BE LIMITED TO THE GREATER OF ONE HUNDRET FRANCS (CHF 100.00) OR THE PAID PRICE FOR THE ADMISSION TICKET. THE LIMITATIONS AND EXCLUSIONS APPLY EVEN IF THIS REMEDY DOES NOT FULLY COMPENSATE YOU FOR ANY LOSSES OR FAILS OF ITS ESSENTIAL PURPOSE.","IF ANY PROVISION OF THIS SECTION K. IS OR BECOMES INVALID, THE REMAINING PROVISIONS SHALL REMAIN UNAFFECTED AND WILL BE REPLACED BY A VALID PROVISION THAT CLOSELY MATCHES THE ECONOMIC INTENT OF THE INVALID PROVISION.","The Association is not liable for any damage, loss, delay, or inconvenience caused by circumstances beyond our reasonable control. Such circumstances include, but are not limited to, war, threats of war, riots, civil disturbances, terrorist activities, industrial disputes, natural or nuclear disasters, fires, airport closures, adverse weather conditions, utility service interruptions or failures, or actions by any local or national government.","Nothing contained in these Terms shall be construed as creating any agency, partnership, employment of any type or other form of joint enterprise between you and the Association. You shall not represent the contrary, either expressly, implicitly, by appearance, or otherwise.","If any provision of these Terms is deemed invalid by a court of competent jurisdiction, that provision will be limited to the minimum extent necessary, and the remaining provisions will continue to be fully effective.","The Association’s failure to enforce any provision of these Terms does not constitute a waiver of our right to enforce that provision, any other provision, or these Terms as a whole in the future.","You may not assign any of your rights, licenses, or obligations under these Terms without our prior written consent. Any attempt by you to do so will be void. The Association may assign its rights, licenses, and obligations under these Terms without any limitations and without your prior consent.","Any notices or other communications provided by the Association under these Terms will be given: (i) via email; or (ii) by posting to the applicable Event website. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted.","All matters relating to the access to and attendance at the Events and these Terms, including any dispute or claim arising from or related to them (including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of Switzerland, without regard to any choice or conflict of law provision or rule (whether of Switzerland or any other jurisdiction).","Any disputes, legal suit, action, or proceeding arising out of or related to these Terms shall be subject to the exclusive jurisdiction of the Courts of Zug, ZG, Switzerland, subject to an appeal at the Swiss Federal Court. However, we retain the right to bring any suit, action, or proceeding against you for breach of these Terms in your country of residence or any other relevant country. You waive any objections to the exercise of jurisdiction over you by such courts and to venue in such courts.","You agree that any dispute with us shall be resolved solely on an individual basis and not as a class action or any other representative proceeding. You agree that you cannot bring a claim as a class or representative action, nor on behalf of any other person or persons.","In the event of a dispute, you agree to maintain the confidentiality of all proceedings, including, but not limited to, any and all information gathered, prepared, and presented for the purposes of litigation or related to the dispute(s).","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/pyth-events-terms-and-conditions"},"/legal/terms-of-service-for-pyth-network-oracle-integrity-staking":{"version":1,"title":"Terms of Service for Pyth Network Oracle Integrity Staking - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Terms of Service for Pyth Network Oracle Integrity Staking","Other documents"],"h2":["A. Scope","B. Summary","C. External Content","D. Acceptance of the Terms","E. Changes to these Terms","F. Accessing the Services","G. Personal Restrictions","H. Local Restrictions","I. Services","J. Relationship to Pyth Network","K. General Prohibitions","L. Intellectual Property and Trademarks","M. Taxes and Fraud","N. Confidentiality","O. User’s Representations and Indemnification","P. Termination","Q. Linking to the Site and Social Media Features","R. Warranties Disclaimers and Risk Notices","Liability Disclaimer","T. Force Majeure","U. Nature of these Terms","V. Severability","W. No Waiver","X. Assignment","Y. Notices","Z. Applicable Law and Place of Jurisdiction"],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Mar 7, 2025","These Terms of Service (“Terms”) govern your access to and use of the website located at https://staking.pyth.network/ (“Site”) operated by Pyth Data Association, Grabenstrasse 25, 6340 Baar, Switzerland (“Association”, “we”, “us”, or “our”) and the use of our tools available therein (the “Tools” and together with the Site, “Services”).","“You”, “your” and “User(s)” refers to anybody who accesses or in any way uses the Services. If you are accessing or in any way using the Services on behalf of a company (such as your employer) or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms and, in that case, “you”, “your” or “User(s)” will refer to that entity.","Please read the Terms carefully before you start accessing or in any way using the Services. By accessing or in any way using the Services or by clicking to accept or agree to these Terms when this option is made available to you, you accept and agree to be bound and abide by these Terms in addition to:","our Website Terms of Use, incorporated herein by reference; and","our Privacy Policy, incorporated herein by reference.","If you do not agree to these Terms, you are not permitted to access or in any way use the Services. In the event of any conflict between these Terms, the Website Terms of Use or the Privacy Policy, the terms of these Terms shall prevail.","Among other things, these Terms provide that you must:","be at least 18 years of age, of sound mental capacity and have all technical knowledge necessary or advisable to understand and evaluate the risks of the Services, cryptographic systems, blockchain-based networks and staking of digital assets (including the occurrence of Slashing Penalties);","agree that the Site is provided for informational purposes only and is not directly or indirectly in control of or capable of interacting with Pyth Network or performing or effecting any transactions on your behalf;","agree that the Site is only being provided as an aid to your own independent research and that no representation or warranty is being made as to the accuracy, completeness, timeliness or usefulness of information on the Site;","agree that the ability of the Services to connect your third-party digital wallet holding digital assets to smart contract systems offered by third parties that communicate with the Services is not an endorsement or recommendation thereof by or on behalf of the Association, and you must assume all responsibility for selecting and evaluating and incurring the risks of any bugs, defects, malfunctions or interruptions of any third-party smart contract systems you directly or indirectly use or connect to in connection with the Services;","comply with all applicable laws, rules and regulations;","not be person who is subject to national or international sanctions or located or ordinarily resident of Cuba, Democratic People’s Republic of Korea (North Korea), Iran, Myanmar (Burma), Syria, the Crimea, Donetsk, Kherson, Luhansk, Sevastopol, and Zaporizhzhia Regions, or any other country to which the United States, the United Kingdom, the European Union, Switzerland or any other jurisdictions embargoes goods or imposes similar sanctions. This list is not exhaustive—please refer to section H. for further details on applicable restrictions;","not hold the Association or any of its representatives or affiliates liable for any damages you suffer in connection with your use of the Services;","waive your right to initiate or participate in class actions relating to the Services.","The foregoing is a partial summary. You must read these Terms in their entirety. In the event of any conflict or inconsistency between this Summary and any other part of these Terms, any other part of these Terms shall prevail.","The Services provide links to third-party content (which may include smart contracts and cryptographically secured protocols). We provide such links only as a convenience and are not responsible for the content, products or services on or available from those resources or links displayed on such websites or items. USE OF ANY THIRD-PARTY PROTOCOL OR SMART CONTRACT LINKED ON THE SERVICES IS AT YOUR OWN RISK. THESE TERMS DO NOT GOVERN YOUR USE OF ANY PROTOCOL OR SMART CONTRACT OTHER THAN THE SERVICES. PLEASE CONSULT APPLICABLE LICENSES AND USER AGREEMENTS FOR INFORMATION REGARDING YOUR RIGHTS AND RISKS ASSOCIATED WITH YOUR USE OF AND ACCESS TO THESE MATERIALS.","By accessing or in any way using the Services, you automatically agree to these Terms. Your access and use of the Services is conditioned on your acceptance of and/or compliance with these Terms, the Website Terms of Use and our Privacy Policy. These Terms shall exclusively apply; any of your terms and conditions that contradict or deviate from these Terms shall only be valid if and to the extent that we have expressly agreed to them. If you do not agree with any part of these Terms, you may not access or use the Services.","These Terms may be changed at any time at our sole discretion and without prior notice. All changes are effective immediately upon posting. By continuing to use the Services after revised Terms have been posted, you signify your acceptance of and agreement to the changes.","You are responsible to regularly review these Terms to stay informed of any updates, as they are legally binding on you.","We reserve the right to modify or discontinue the Services at our sole discretion and without prior notice. We do not guarantee continuous availability or uninterrupted access to the Services. We will not be liable if all or any part of the Services is unavailable at any time or for any duration.","You are responsible to:","make all necessary arrangements to access and use the Services; and","ensure that anyone who accesses or uses the Services through your internet connection is aware of and complies with these Terms.","The Services are only accessible to Users who meet the following criteria: (i) you are at least 18 years of age; (ii) you are of sound mental capacity; (iii) you possess the technical knowledge necessary or advisable to understand and evaluate the risks associated with the Services, including cryptographic systems, blockchain-based networks, and the staking of digital assets (such as the occurrence of Slashing Penalties); and (iv) you are not prohibited from accessing or using the Services by any relevant laws; and additionally (v) if you are a legal entity, you are duly organized, validly existing, and in good standing under the laws of the jurisdiction in which you are organized, and you have all requisite power and authority to carry on your business as now conducted. By accessing or using the Services, you confirm and guarantee that you fulfil all of these criteria. If you do not meet these requirements, you are not permitted to access or use the Services.","We are based in Switzerland and do not make any claims that the Services are accessible or appropriate outside of Switzerland. Accessing and/or using the Services may be illegal for certain individuals or in certain countries. If you choose to access and/or use the Services from outside Switzerland, you do so at your own risk and are responsible for complying with local laws.","THE SERVICES ARE NOT OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN ANY RESTRICTED JURISDICTION OR COUNTRY SUBJECT TO ANY SANCTIONS OR RESTRICTIONS PURSUANT TO ANY APPLICABLE LAW, INCLUDING CUBA, DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA (NORTH KOREA), IRAN, MYANMAR (BURMA), SYRIA, THE CRIMEA, DONETSK, KHERSON, LUHANSK,SEVASTOPOL, AND ZAPORIZHZHIA REGIONS, OR ANY OTHER COUNTRY OR REGION TO WHICH THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN UNION, SWITZERLAND OR ANY OTHER JURISDICTIONS EMBARGOES GOODS OR IMPOSES SIMILAR SANCTIONS, INCLUDING THOSE LISTED ON OUR SERVICES (COLLECTIVELY, THE “RESTRICTED JURISDICTIONS” AND EACH A “RESTRICTED JURISDICTION”) OR ANY PERSON OWNED, CONTROLLED, LOCATED IN OR ORGANIZED UNDER THE LAWS OF ANY JURISDICTION UNDER EMBARGO OR CONNECTED OR AFFILIATED WITH ANY SUCH PERSON (COLLECTIVELY, “RESTRICTED PERSONS”). THE SERVICES WERE NOT SPECIFICALLY DEVELOPED FOR, AND IS NOT AIMED AT OR BEING ACTIVELY MARKETED TO, PERSONS OR ENTITIES WHO RESIDE IN, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN THE EUROPEAN UNION. THERE ARE NO EXCEPTIONS. IF YOU ARE A A RESTRICTED PERSON, THEN DO NOT USE OR ATTEMPT TO ACCESS AND/OR USE THE SERVICES. USE OF ANY TECHNOLOGY OR MECHANISM, SUCH AS A VIRTUAL PRIVATE NETWORK (“VPN”) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS PROHIBITED.","You access the Services by connecting a third-party digital wallet holding digital assets to smart contract systems offered by third parties that communicate with the Services. You understand that we do not hold your digital assets, have no power of disposal over your digital assets, or take any custody of them. We have no access to your digital assets or funds.","The Services constitute a website-hosted user interface (“Interface”). The Interface is an open-sourced frontend software portal which allows you to participate in different non-custodial staking mechanisms on Pyth Network (“Pyth Staking”), an open-source oracle network (“Pyth Network”) governed by the Pyth DAO that provides financial market data to blockchain-based applications powered by a blockchain protocol (“Pyth Protocol”). All transactions conducted on the Pyth Protocol are run by related permissionless smart contracts. PLEASE NOTE THAT THE PYTH DAO IS AN INDEPENDENT THIRD-PARTY ENTITY, NOT CONTROLLED BY, NOR UNDER THE CONTROL OF THE ASSOCIATION.","THE PARTICIPATION IN PYTH STAKING MAY BE SUBJECT TO SLASHING PENALTIES ON STAKED DIGITAL ASSETS ASSESSED BY PYTH NETWORK PURSUANT TO THE PYTH PROTOCOL (“SLASHING PENALTIES”). WE ARE NOT RESPONSIBLE FOR THE OCCURRENCE OF ANY SLASHING PENALTIES, YOU ARE STRONGLY ENCOURAGED TO INDEPENDENTLY RESEARCH AND FULLY UNDERSTAND THE CONDITIONS UNDER WHICH SLASHING PENALTIES MAY OCCUR, INCLUDING WHEN AND HOW THEY ARE TRIGGERED, AS WELL AS THE ASSOCIATED RISKS AND CONSEQUENCES.","FOR THE AVOIDANCE OF DOUBT, THE ASSOCIATION DOES NOT CONTROL PYTH NETWORK AND CANNOT CONTROL ANY ACTIVITY ON PYTH NETWORK, INCLUDING PYTH STAKING, THE ACTIVITIES OF PERSONS WHO DEVELOP AND USE APPLICATIONS ON PYTH NETWORK, THE PRODUCTION OF DATA ON PYTH NETWORK, OR USE OF PYTH NETWORK.","We are not responsible for the keys to any digital assets or your seed phrase, or their loss or disclosure to others. The Association does not maintain your keys or your seed phrase, and is not responsible for their safe keeping. It is your responsibility at all times to ensure you have such credentials and maintain them securely. ANY LOSSES YOU SUFFER RELATING TO YOUR DIGITAL ASSET TRANSACTIONS, SLASHING PENALTIES, DIGITAL KEYS AND WALLETS, AND EXCHANGES ARE YOUR SOLE RESPONSIBILITY, AND YOU HEREBY INDEMNIFY US, AGREE TO DEFEND US, AND HOLD US HARMLESS AGAINST ANY CLAIMS OR LOSSES THAT YOU OR ANYONE ELSE SUFFERS AS A RESULT OF YOUR DIGITAL ASSET TRANSACTIONS, OR YOUR PARTICIPATION IN PYTH STAKING, EVEN IF YOU INITIATED YOUR TRANSACTION BY ACCESSING OUR SERVICES. If, once you use the Services and participate in Pyth Staking, and your digital assets are somehow transferred to a third party you didn’t intend to have them, it is your responsibility to get them back. PLEASE KEEP YOUR SEED PHRASE AND DIGITAL KEYS SAFE, AS THE ASSOCIATION DOES NOT HAVE THEM AND DOES NOT KNOW THEM. IF YOU LOSE THE KEYS OR SEED PHRASE, YOU MAY LOSE ACCESS TO YOUR DIGITAL ASSETS.","You also understand that we do not act as your agent, transaction broker, financial intermediary, or financial advisors or give you any advice of any kind with respect to what digital assets you choose to hold in your wallet or any staking thereof. As with Pyth Staking you can participate in via the Services, it is your responsibility and you are solely responsible for the contents of your third-party digital wallet, your staking decisions, how, when you stake digital assets and with whom and any occurrence of Slashing Penalties. It is also your responsibility to ensure you understand digital assets, how they work, what their value is, about staking such digital assets and the possibility of the occurrence of Slashing Penalties, as there are significant risks in doing so, all of which you solely assume.","Also note that the digital wallet you use for the Services may not connect or stake all digital assets. It is your responsibility to ensure compatibility with the Pyth Network.","We may suspend your access to or use of, or cancel your access to or use of the Services for any reason, including if we believe you have engaged in or are about to engage in any kind of fraud, if required pursuant to applicable laws, or you violate these Terms. We may provide you with notice of suspension, but do not undertake an obligation to do so. We may change the functionality of the Services at any time, which means some features could no longer be supported after a time. You acknowledge that this is the case, and accept this risk. Given that the third-party digital wallets are non-custodial, we do not perform any activities to vet Users prior to allowing them to create their third-party digital wallets or stake digital assets. You acknowledge that this is a risk you accept when you interact with the wallet or other users of the Services.","Our Services may at times make mistakes. You accept the risk that your transactions may be improperly processed, or not processed at all. We will not be liable for any such event. You hereby hold us harmless from any such event. We offer no guarantees and shall not provide any refunds for any services you paid for staking digital assets, even if you lose such digital assets.","We do not own, operate or control Pyth Network, its products and services (including Pyth Staking) or any parts thereof. Accessing, using or interacting with Pyth Network does not require the use of the Services. The Services aggregate and publish already publicly available information about Pyth Network in a user-friendly and convenient format. Such information might also be independently available from other sources.","The Association and the Services are not agents or intermediaries of the User, do not store or have access to or control over any digital assets, private keys, passwords, accounts or other property of the User, and are not capable of performing transactions or sending transaction messages on behalf of the User. The Services do not hold and cannot stake, purchase, sell or trade any digital assets. All transactions relating to the Pyth Network smart contract system are effected and recorded through interactions of the User with the Solana network validators, who are not under the control of or affiliated with the Association or the Services, as well as through governance decisions made by the Pyth DAO, such as upgrading the Pyth Network smart contract system.","You agree not to do any of the following:","use the Services for the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise;","access, tamper with, or use non-public areas of the Services, our computer systems, or the technical delivery systems of our providers;","attempt to probe, scan or test the vulnerability of any Association’s system or network or breach any security or authentication measures;","avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by us or any of our providers or any other third-party (including another User) to protect the Services;","attempt to access or search the Services or download content from the Services using any engine, software, tool, agent, device or mechanism (including spiders, robots, crawlers, data mining tools or the like) other than the software and/or search agents provided by us or other generally available third-party web browsers;","use any manual process to monitor the Services or for any other unauthorized purpose without our prior written consent;","send any unsolicited or unauthorized advertising, promotional materials, email, junk mail, spam, chain letters or other form of solicitation;","use any meta tags or other hidden text or metadata utilizing an Association’s trademark, logo URL or product name without our express written consent;","use the Services, or any portion thereof, in any manner not permitted by these Terms;","forge any TCP/IP packet header or any part of the header information in any email or newsgroup posting, or in any way use the Services to send altered, deceptive or false source-identifying information;","attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Services;","use, transmit, introduce or install any code, files, scripts, agents or programs intended to do harm or allow unauthorized access, including, for example, viruses, worms, time bombs, back doors and Trojan horses (collectively, “Malicious Code”) on or through the Services, or accessing or attempting to access the Services for the purpose of infiltrating a computer or computing system or network, or damaging the software components of the Services, or the systems of the hosting provider, any other suppliers or service provider involved in providing the Services, or another User;","distribute Malicious Code or other items of a destructive or deceptive nature;","interfere with, or attempt to interfere with, the access of any User, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, mail-bombing the Services, or attacking the Services via a denial-of-service attack or a distributed denial-of-service attack;","collect or store any personally identifiable information from the Services from other Users of the Services without their express permission;","impersonate or attempt to impersonate the Association, an Association’s employee or representative, another User, or any other person or entity (including, without limitation, by using identifiers associated with any of the foregoing).;","reverse look-up, track or seek to track any information of any other Users or visitors of the Services;","take any actions that imposes an unreasonable or disproportionately large load on the infrastructure of systems or networks of the Services, or the infrastructure of any systems or networks connected to the Services;","use the Services, directly or indirectly, for or in connection with money laundering, terrorist financing, or other illicit financial activity;","use the Services for market manipulation, regardless of whether prohibited by law);","use the Services to participate in fundraising for a business, protocol, or platform; or fabricate in any way any transaction or process related thereto;","disguise or interfere in any way with the IP address of the computer you are using to access or use the Services or that otherwise prevents us from correctly identifying the IP address of the computer you are using to access the Services;","engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Services, or which, as determined by us, may harm the Association or Users of the Services or expose them to liability;","use the Services in or from any Restricted Jurisdictions;","use the Services if you if you are a Restricted Person (or on their behalf);","use the Services in any way that violates any applicable federal, state, local, or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from the United States, Canada, European Union, Switzerland or other countries); or","encourage or enable any other individual to do any of the foregoing.","The Association is not obligated to monitor access to or use of the Services or to review or edit any content. However, we reserve the right to do so in our discretion, if we choose. We reserve the right, but are not obligated, to remove or disable access to any content, at any time and without notice, including, but not limited to, if we, at our sole discretion, consider it objectionable or in violation of these Terms. We have the right to investigate violations of these Terms or conduct that affects the Services. We may also consult and cooperate with law enforcement authorities to prosecute users who violate the law.","Each User, subject to and conditioned upon such User’s eligibility under and acceptance of and adherence to these Terms, is hereby granted a personal, revocable, non-exclusive, non-transferable, non-sub-licensable license to view and access the Site and use the Services in accordance with these Terms.","The software code and text used in the Site, except certain proprietary third-party fonts, are irrevocably and perpetually granted to the general public by the Association pursuant to the terms and conditions of the Apache 2.0 open source license (such license, the “Open Source License”) and are available in the repository at https://github.com/pyth-network/pyth-crosschain/tree/main/apps/staking.","The Association’s name, and all trademarks, logos, taglines, service names, designs, and slogans on the Site are trademarks of the Association or its affiliates or licensors. You must not use such marks without our prior written permission.","Viewing and accessing the Site or using the Services does not grant you any license or rights to use trademarks of the Association, its licensors, its partners, or any third party, except as expressly permitted by these Terms. Any unauthorized use of such trademarks may result in legal action.","Depending on your location of residence, you may owe taxes on amounts you earn after staking digital assets. It is your responsibility to ensure you have accounted for, reported to the proper governmental authority, and paid all such taxes to the applicable governmental authority. We do not undertake any obligation to report any such taxes, nor collect or disburse them on your behalf. The taxes you owe are solely your responsibility. You hold us harmless and release us from and against any claims, losses, damages or demands arising in connection with taxes you may owe as a result of your use of the Services.","If we believe that you have engaged in or been a participant in any fraudulent transaction, we reserve the right to take any action we think appropriate, including forwarding your information and information about the transactions we believe or suspect to be fraudulent to applicable law enforcement agencies, which may result in civil or criminal penalties or other actions against you.","You and the Association recognize that each has a legitimate interest in maintaining confidentiality regarding these Terms, the subject matter of these Terms, or any other agreements, documents, or transactions referred to or contemplated herein and all trade secrets, confidential and/or proprietary knowledge or information of each other which you and/or the Association may receive or obtain as a result of entering into or performing its obligations under these Terms (collectively, “Confidential Information”).","You and the Association undertake to the other that you and/or the Association shall keep the Confidential Information in the strictest confidence, and shall not, without the prior written consent of the other disclosing the Confidential Information, use or disclose to any person Confidential Information, information relating to these Terms, or the transactions contemplated hereunder it has or acquires or information which by its nature ought to be regarded as confidential (including without limitation, any business information in respect of the other which is not directly applicable or relevant to the transactions contemplated by these Terms).","The foregoing shall not prohibit disclosure or use of any Confidential Information if and to the extent:","the disclosure or use is required by law or any government body;","the disclosure or use is required for the purpose of any arbitral or judicial proceedings arising out of these Terms or any other agreement entered into under or pursuant to these Terms;","the disclosure is made to your and/or our professional advisers on a need-to-know basis and on terms that such professional advisers undertake to comply with this section N. in respect of such information as if they were a party to these Terms;","the information is or becomes publicly available (other than as a result of any breach of confidentiality);","the disclosing party has given prior written approval to the disclosure or use; or","the Confidential Information is already in the lawful possession of the party receiving such information (as evidenced by written records) at the time of disclosure.","By using the Services, you represent and warrant that:","you will not use the Services for any illegal or unauthorized purpose;","your use of the Servies will not violate any applicable law or regulation;","you are responsible for the payment of all relevant duties and/or charges and/or taxes arising from the course of your use of the Services;","you will not act in any way that violates any applicable policies and terms posted on our Site, as may be revised from time to time, or included in any other agreement between you and us (including, without limitation in these Terms).","You agree to indemnify, defend, and hold harmless the Association, including our subsidiaries, affiliates, licensors, service providers, directors, officers, employees, agents, partners, contractors, successors, and assigns from and against any and all losses, damages, liabilities, claims, demands, actions, judgments, awards, costs, expenses, or fees (including reasonable attorneys' fees and expenses) arising out of or in connection with any third-party claims or any action, adjudication or decision taken against the Association by any government body, in each case, directly or indirectly arising (in whole or in part) out of any breach of these Terms.","Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are obligated to indemnify us. You agree to cooperate fully in the defense of any such claim, action, or proceeding. This includes allowing us to control the investigation, defense, and settlement of any legal claim subject to your indemnification obligations. We will make reasonable efforts to notify you of any such claim, action, or proceeding as soon as we become aware of it.","Your indemnification obligations under this section O. survive the termination of these Terms.","We reserve the right to terminate or suspend you from accessing and using the Services immediately, without prior notice or liability, for any reason, including but not limited to the following:","if you violate any of these Terms;","if we are required to do so by law or a regulatory authority;","if you engage in fraudulent or illegal activities; and/or","if you act in a manner that could harm the reputation or operations of the Association.","Upon termination of your access to or use of the Services, you remain responsible for any obligations or liabilities incurred during your use of the Services.","Termination of your access to or use of the Services does not limit any liability you may have incurred. All provisions of these Terms, which by their nature should survive termination, shall survive, including but not limited to intellectual property and trademarks (section L.), warranty disclaimers (section Q.) indemnity (section O.), and limitations of liability (sections S.) and sections T., U., V., W., X., Y, Z.","The Association shall not be liable to you or any third party for any termination of your access to or use of the Services. Any termination under this section P. shall be at the Association’s sole discretion.","Without limiting the foregoing, we have the right to fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone posting any materials on or through the Services. YOU WAIVE AND HOLD HARMLESS THE ASSOCIATION AND ITS AFFILIATES, LICENSEES AND SERVICE PROVIDERS FROM AND AGAINST ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.","You may link to the Site, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval, or endorsement on our part without our express written consent.","The Site may provide certain features that enable you to:","link from your own or certain third-party websites to certain content on the Site;","send emails or other communications with certain content, or links to certain content, on the Site; or","cause limited portions of content on the Site to be displayed or appear to be displayed on your own or certain third-party websites.","You may use these features solely as they are provided by us, and solely with respect to the content they are displayed with and otherwise in accordance with any additional terms and conditions we provide with respect to such features. Subject to the foregoing, you must not:","establish a link from any website that is not owned by you;","cause the Site or portions of it to be displayed on, or appear to be displayed by, any other website, for example, framing, deep linking, or in-line linking;","link to any part of the Site;","otherwise take any action with respect to the materials on the Site that is inconsistent with any other provision of these Terms.","The website from which you are linking, or on which you make certain content accessible, must comply in all respects with these Terms.","You agree to cooperate with us in causing any unauthorized framing or linking immediately to stop. We reserve the right to withdraw linking permission without notice.","We may disable all or any social media features and any links at any time without notice in our discretion.","YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR ACCESS TO AND USE OF THE SERVICES, THEIR CONTENTS, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SERVICES (INCLUDING THIRD PARTY CONTENT ON OR OFF CHAIN) IS AT YOUR OWN RISK.","TO THE EXTENT NOT PROHIBITED BY LAW, WE PROVIDE SERVICES \"AS IS\", \"WITH ALL FAULTS\" AND \"AS AVAILABLE\", WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. THIS INCLUDES, BUT IS NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE. WE DO NOT GUARANTEE THAT THE ACCESS TO OR USE OF THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF HARMFUL COMPONENTS, OR THAT ANY CONTENT WILL BE SECURE OR NOT OTHERWISE LOST OR DAMAGED.","THE ASSOCIATION, ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESRNTATIVES, AND EMPLOYEES CANNOT AND DO NOT GUARANTEE OR WARRANT THAT ACCESS TO OR USE OF THE SERVICES WILL BE UNINTERRUPTED, SECURE OR AVAILABLE AT ANY PARTICULAR TIME OR LOCATION; OR THE RESULTS OF USE OF THE SERVICES WILL MEET YOUR REQUIREMENTS.","THE SERVICES MAY NOT BE AVAILABLE DUE TO ANY NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, PERIODIC SYSTEM MAINTENANCE, SCHEDULED OR UNSCHEDULED, ACTS OF GOD, UNAUTHORIZED ACCESS, VIRUSES, DENIAL OF SERVICE OR OTHER ATTACKS, TECHNICAL FAILURE OF THE SERVICES AND/OR TELECOMMUNICATIONS INFRASTRUCTURE OR DISRUPTION, AND THEREFORE WE EXPRESSLY DISCLAIM ANY EXPRESS OR IMPLIED WARRANTY REGARDING THE USE AND/OR AVAILABILITY, ACCESSIBILITY, SECURITY OR PERFORMANCE OF THE SERVICES CAUSED BY SUCH FACTORS. NEITHER THE ASSOCIATION, NOR ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESENTATIVES, AND EMPLOYEES, NOR ANY OTHER PERSON ASSOCIATED WITH THE ASSOCIATION MAKE ANY REPRESENTATIONS OR WARRANTIES AGAINST THE POSSIBILITY OF DELETION, MISDELIVERY OR FAILURE TO STORE COMMUNICATIONS, PERSONALIZED SETTINGS OR OTHER DATA.","YOU ACCEPT THE INHERENT SECURITY RISKS OF PROVIDING INFORMATION AND DEALING ONLINE OVER THE INTERNET AND WILL NOT HOLD US RESPONSIBLE FOR ANY BREACH OF SECURITY. NEITHER THE ASSOCIATION, NOR ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESENTATIVES, AND EMPLOYEES, NOR ANY OTHER PERSON ASSOCIATED WITH THE ASSOCIATION WILL BE RESPONSIBLE OR LIABLE FOR ANY LOSS, AND NO SUCH PARTY TAKES ANY RESPONSIBILITY FOR, AND WILL NOT BE LIABLE FOR, ANY USE OF THE SERVICES, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) SERVER FAILURE OR DATA LOSS; (II) BLOCKCHAIN NETWORKS, DIGITAL WALLETS OR CORRUPT FILES; (III) UNAUTHORIZED ACCESS TO THE SERVICES; OR (IV) ANY THIRD-PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK.","By accessing or using the Services, you represent that you understand the inherent risks associated with cryptographic systems, blockchain-based networks, staking of digital assets (including the occurrence of Slashing Penalties); and warrant that you have an understanding of the usage and intricacies of digital assets, smart contract-based cryptographic tokens, decentralized networks, and systems that interact with blockchain-based networks.","You acknowledge and agree that digital assets are volatile and risky, and their staking is affected by many factors outside our or your control. You are solely responsible for any transactions, and for all fees that you may incur as a result of you staking digital assets, including (without limitation) “gas” costs. The Services do not control the timing of any transaction, yet you acknowledge that the time of a transaction can affect the value of the digital asset or the fees associated with a transaction or both. You hereby agree that you hold us harmless against any and all claims arising from the transaction of your digital assets, or the timing of such transactions. Digital assets are not legal tender and are not backed by any government. Digital assets are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. We make no guarantee as to the functionality of any digital asset network which might cause delays, conflicts of interest or might be subject to operational decisions of third parties that are unfavorable to you or affect your digital assets, or lead to your inability to complete a transaction. You hold us harmless from and against any losses you suffer as a result of your use of such third-party services, networks and protocols, including Slashing Penalties, even if you access them from our Services. There are no guarantees that a transfer initiated via your third-party digital wallet on the Services will successfully transfer title of or right in any digital assets. You acknowledge that, while the Services and the underlying software have been tested, it is still relatively new and could have bugs or security vulnerabilities. You further acknowledge that the Services and the underlying software are still under development and may undergo significant changes over time that may not meet Users’ expectations. You acknowledge that your use of certain technologies (e.g., jailbreaking tech) on the device with which you access the Services, may cause the Services not to work. You acknowledge that you accept all risk associated with your use of such advanced technologies, and any errors they may cause. You hereby hold us harmless from any losses you suffer as a result of your use of such technologies.","Digital assets and use of our Services may be subject to expropriation and/or theft. Hackers or other malicious actors may attempt to interfere with our Services or your use thereof in a variety of ways, including, but not limited to, use of malware, denial of service attacks, Sybil attacks, and spoofing. Furthermore, because much of our Services rely on open-source software, there is the software underlying our code that may contain intentional or unintentional bugs or weaknesses which may negatively affect the Services, or result in the loss of your digital assets, or your ability to control your third-party digital wallet. You hold us harmless from and against any losses you suffer as a result of such issues. You agree that your use of the Services is subject to, and you will comply with any, applicable open-source licenses governing any such open-source components. The information on our Services may not always be entirely accurate, complete or current. Information on the Services may be changed or updated from time to time without notice, including information regarding our policies, products and services. Accordingly, you should verify all information before relying on it. All decisions you make based on information provided through the Services are your sole responsibility and you hold us harmless from and against any losses you suffer as a result of such decisions. The Services may contain materials offered by or created by third parties. All such materials, and links to third party websites are provided as a convenience only. We do not control such materials, and provide no guarantee as to their accuracy, completeness, legality or usefulness. You acknowledge and agree that we are not responsible for any aspect of the information, content, or services contained in any such third-party materials accessible or linked to from the Services. You agree and understand that all staking decisions and transactions are made solely by you. You agree and understand that under no circumstances will the operation of the Services and your use of it be deemed to create a relationship that includes the provision of or tendering of investment advice. NO FINANCIAL, INVESTMENT, TAX, LEGAL OR SECURITIES ADVICE IS GIVEN THROUGH OR IN CONNECTION WITH OUR SERVICES. No content found on the Services, whether created by us or another User is or should be considered as investment advice. You agree and understand that we accept no responsibility whatsoever for, and shall in no circumstances be liable in connection with, your decisions to use the Services. Nothing contained on the Services constitutes a solicitation, recommendation, endorsement, or offer by us or any third party to stake, buy or sell any digital assets, securities, or other financial instruments. Neither us nor any of our affiliates has: (1) evaluated the merit of any non-custody staking mechanisms available through the Services; or (2) has endorsed or sponsored any digital assets made available.","IF YOU ARE DISSATISFIED WITH THE USE OF THE SERVICES, OR WITH THESE TERMS, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SERVICES.","SOME JURISDICTIONS DO NOT ALLOW EXCLUSION OF WARRANTIES OR LIMITATIONS ON THE DURATION OF IMPLIED WARRANTIES, SO THE ABOVE DISCLAIMER MAY NOT APPLY TO YOU IN ITS ENTIRETY BUT WILL APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW.","THE ASSOCIATION, ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESENTATIVES, AND EMPLOYEES WILL NOT BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR ACCESS TO OR USE OF, OR INABILITY TO ACCESS OR USE, THE SERVICES. THIS INCLUDES BUT IS NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, PROFITS, BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, GOODWILL, OR DATA, CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. SPECIFICALLY, THE ASSOCIATION, ITS AFFILIATES, LICENSORS, AGENTS, SERVICE PROVIDERS, AND THEIR RESPECTIVE BOARD MEMBERS, DIRECTORS, REPRESENTATIVES, AND EMPLOYEES WILL NOT BE LIABLE FOR USER’S LOSSES ARISING FROM SLASHING PENALTIES.","THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL, CONSEQUENTIAL, OR OTHER DAMAGES WILL NOT APPLY TO YOU TO THE EXTENT PROHIBITED BY APPLICABLE LAW. IN JURISDICTIONS WHERE SUCH EXCLUSIONS AND LIMITATIONS ARE NOT ALLOWED, WE ARE RESPONSIBLE TO YOU ONLY FOR LOSSES AND DAMAGES THAT ARE A REASONABLY FORESEEABLE RESULT OF OUR FAILURE TO USE REASONABLE SKILL AND CARE OR OUR BREACH OF THESE TERMS.","THE AGGREGATE LIABILITY OF THE ASSOCIATION AND ITS AFFILIATES, LICENSORS, AGENTS AND SERVICE PROVIDERS RELATING TO THE SERVIES WILL BE LIMITED TO ONE HUNDRET FRANCS (CHF 100.00). THE LIMITATIONS AND EXCLUSIONS APPLY EVEN IF THIS REMEDY DOES NOT FULLY COMPENSATE YOU FOR ANY LOSSES OR FAILS OF ITS ESSENTIAL PURPOSE.","IF ANY PROVISION OF THIS SECTION S. IS OR BECOMES INVALID, THE REMAINING PROVISIONS SHALL REMAIN UNAFFECTED AND WILL BE REPLACED BY A VALID PROVISION THAT CLOSELY MATCHES THE ECONOMIC INTENT OF THE INVALID PROVISION.","The Association is not liable for any damage, loss, delay, or inconvenience caused by circumstances beyond our reasonable control. Such circumstances include, but are not limited to, war, threats of war, riots, civil disturbances, terrorist activities, industrial disputes, natural or nuclear disasters, fires, airport closures, adverse weather conditions, utility service interruptions or failures, or actions by any local or national government.","Nothing contained in these Terms shall be construed as creating any agency, partnership, employment of any type or other form of joint enterprise between you and the Association. You shall not represent to the contrary, either expressly, implicitly, by appearance, or otherwise.","If any provision of these Terms is deemed invalid by a court of competent jurisdiction, that provision will be limited to the minimum extent necessary, and the remaining provisions will continue to be fully effective.","Our failure to enforce any provision of these Terms does not constitute a waiver of its right to enforce that provision, any other provision, or these Terms as a whole in the future.","You may not assign any of your rights, licenses, or obligations under these Terms without our prior written consent. Any attempt by you to do so will be void. We may assign its rights, licenses, and obligations under these Terms without any limitations and without your prior consent.","Any notices or other communications provided by the Association under these Terms will be given: (i) via email; or (ii) by posting to the Services. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted.","All matters relating to the access to and use of the Services and these Terms, including any dispute or claim arising from or related to them (including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of Switzerland, without regard to any choice or conflict of law provision or rule (whether of Switzerland or any other jurisdiction).","Any disputes, legal suit, action, or proceeding arising out of or related to these Terms shall be subject to the exclusive jurisdiction of the Courts of Zug, ZG, Switzerland, subject to an appeal at the Swiss Federal Court. However, we retain the right to bring any suit, action, or proceeding against you for breach of these Terms in your country of residence or any other relevant country. You waive any objections to the exercise of jurisdiction over you by such courts and to venue in such courts.","You agree that any dispute with us shall be resolved solely on an individual basis and not as a class action or any other representative proceeding. You agree that you cannot bring a claim as a class or representative action, nor on behalf of any other person or persons.","In the event of a dispute, you agree to maintain the confidentiality of all proceedings, including, but not limited to, any and all information gathered, prepared, and presented for the purposes of litigation or related to the dispute(s).","Privacy Policy","Terms of Use","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/terms-of-service-for-pyth-network-oracle-integrity-staking"},"/legal/photography-and-videography-consent":{"version":1,"title":"Photography And Videography Consent - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Photography And Videography Consent","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Mar 28, 2023","You irrevocably grant to the Pyth Data Association and its affiliates (collectively, the “Hosts”) the rights to record, photograph, or otherwise use, reproduce, and edit your voice, statements, appearance, likeness, photograph, name, and/or company name on audio recording, video recording, digital format, or still photography created from or associated with your appearance (your “Appearance”) taking place at Pyth Data Association hosted private events.","You irrevocably grant to the Hosts the rights to use, exhibit, distribute, and/or transmit your Appearance at the Hosts’ sole discretion, including in advertising, marketing, and/or promotion in connection therewith. No compensation, monetary or otherwise, will be payable to you at any time in connection with the subject matter of this Consent.","You consent, waive, and release liability (including, but not limited to, claims for copyright infringement, defamation, or invasion of the rights of privacy or publicity), allowing the Hosts to publicize and commercially use your likeness and other personal characteristics and private information as set out above.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/photography-and-videography-consent"},"/legal/terms-conditions":{"version":1,"title":"Terms of Use - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Terms of Use","Other documents"],"h2":["1. LIMITED LICENSE","2. NO WARRANTY","3. LIMITATION OF LIABILITY","4. THIRD-PARTY SOLUTIONS DISCLAIMER","5. DOCUMENTATION DISCLAIMER","6. INTELLECTUAL PROPERTY","7. Prohibited Price Feed Data Extraction","8. SEVERABILITY"],"h3":["a) General Disclaimer","b) Responsibility for Use"],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Aug 7, 2025","These Terms of Use govern your use of this website operated by Pyth Data Association with registered office at Grabenstrasse 25, 6340 Baar, Switzerland (“Association”).","By accessing this website and any materials presented herein (collectively, the “Site”), you agree to the following terms and conditions pertaining to the use of the Site. Association reserves the right to change the terms, conditions and notices under which this Site is offered without notice at any time. Each use of the Site constitutes your agreement to be bound by the then-current terms and conditions set forth in these Terms of Use. The Terms of Use incorporate the Privacy Policy.","Nothing contained in these Terms of Use or the Site itself grants or will be construed to grant to you or any third party any title or interest in or any license or right to use or reproduce, any image, text, software, code, price feed data (including asset prices, confidence intervals, or related metadata), trademark, logo or service mark contained in the Site, including without limitation the names or logos of Association and its licensors. Association reserves, and will enforce to the fullest extent possible, all rights that it may have with respect to copyright and trademark ownership of all material contained in the Site. Association grants you a limited, nonexclusive license to display and otherwise use portions of the Site solely for your own private, non-commercial informational purposes only, and to print pages from the Site only in connection with that use. You may not modify, distribute, transmit, perform, reproduce, publish, license, create derivative works from, transfer or sell any text, graphics, logos and other source-identifying symbols, designs, icons, images, or other information, software or code obtained from the Site.","Association and its respective officers, managers, directors, principals, agents and employees make no representations or warranties, express or implied, regarding the accuracy, reliability, completeness, suitability or other characteristics of the information and materials contained on or presented through the Site. Any content of the Site is subject to change without notice. All such information and materials are provided “as is”, without any warranty of any kind. Association hereby further disclaims all warranties and conditions with regard to such information and materials, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title, non-infringement and availability.","In no event shall Association, and its respective officers, managers, directors, principals, agents and employees be liable for any claims, liabilities, losses, costs or damages, including direct, indirect, punitive, incidental, special or consequential damages, arising out of or in any way connected with (i) the use of or inability to use the Site or with any delay in using the Site, or (ii) any information and materials obtained through the Site, or (iii) otherwise arising out of the use of the Site; in any case whether based on theories arising in contract, tort, strict liability or otherwise. Such limitations apply even if Association or any of its respective officers, directors, principals, agents or employees have been advised of the possibility of damages.","The content provided on this Site is for general informational purposes only and does not constitute financial, legal, or technical advice. This site may reference, describe, display, or link to third-party services, decentralized applications (dApps), protocols, networks, or software tools (“Third-Party Solutions”) that are independently developed, operated, and maintained by entities unaffiliated with the Association. This includes but is not limited to: (i) hyperlinks or references directing users to external websites operated by third parties, (ii) visual displays of third-party names, logos, trademarks, or service marks, and (iii) textual or visual descriptions of such Third-Party Solutions. The presence of any Third-Party Solution on this Site, whether by mention, link, logo, or other means, does not constitute or imply any partnership, affiliation, endorsement, recommendation, approval, or verification by the Association regarding the reliability, security, compliance, or functionality of such Third-Party Solutions. Given the experimental and rapidly evolving nature of Web3 technologies, the Association makes no representations or warranties, express or implied, about the availability, accuracy, security, integrity, or legality of any Third-Party Solution. Users are solely responsible for conducting their own due diligence before interacting with any such Third-Party Solutions, including reviewing applicable terms of service, privacy policies, risk disclosures, and technical documentation. The Association expressly disclaims all liability for any direct, indirect, incidental, or consequential loss, damage, or liability, including, without limitation, the loss of funds, data, access, or opportunity, arising from the use of, reliance on, or interaction with any Third-Party Solution mentioned, linked, or displayed on this Site. The Association bears no responsibility for any adverse effects resulting from the modification, unavailability, malfunction, or discontinuation of Third-Party Solutions. All inquiries or concerns should be directed to the respective third-party operators or service providers.","This DOCUMENTATION DISCLAIMER is for your use of Pyth Network Documentation (https://docs.pyth.network/home) and any materials presented therein (the “Documentation”).","The strategies and methodologies outlined in the Documentation, including those addressing price latency mitigation, are provided solely for informational purposes. These strategies represent a non-exhaustive selection of commonly used approaches in the DeFi space and should not be construed as specific advice, recommendations, or endorsements for any particular use case. The information contained herein may be subject to change at any time without prior notice.","While the suggested mitigation strategies aim to reduce latency-related risks, particularly in highly volatile markets, they cannot fully eliminate such risks. The effectiveness of the strategies discussed depends heavily on the broader architecture of the decentralized application (dApp), external conditions, and the specific deployment environment, all of which are beyond the control and influence of Association. Users are strongly encouraged to conduct thorough due diligence, continuously monitor the performance of any implemented strategies, and determine the suitability of these methods for their individual use cases. Additionally, seeking tailored professional advice is recommended to ensure that any strategy chosen aligns with the user's specific operational, technical, and regulatory requirements.","Association owns intellectual property rights associated with the Pyth Network, and certain other products (the “Products”). Association protects and maintains such intellectual property rights with the intent only to use such rights defensively, such as to protect the integrity of the Products and to ensure end users have clarity and certainty. Where appropriate, Association will make the Products open to the community under open source licenses and pursuant to permissive brand use guidelines. Protecting IP rights in this capacity and making them available in this manner will enable the community to contribute to the ecosystem around each of the Products, while not requiring that Association play a central role in ongoing development, operation, and maintenance.","You shall not extract or copy Pyth Network price feed data, including asset prices, confidence intervals, or related metadata, from the Site in amounts exceeding what a human could reasonably manually achieve, nor shall you use automated processes, such as web scraping, crawling, or unauthorized API access, to collect such data. This prohibition includes using technologies to bypass security measures, such as rate limits or access restrictions, designed to prevent excessive or unauthorized extraction. Violations may result in immediate termination of your access to the Site, legal action, including injunctions, and liability for damages. Association reserves the right to monitor and enforce compliance with these restrictions.","If any provision of these Terms of Use is held to be invalid or unenforceable in any jurisdiction, then such provision shall be deemed modified to the minimum extent necessary so that such provision shall no longer be held to be invalid or unenforceable and these Terms of Use shall be interpreted so as to achieve the intent expressed herein to the greatest extent possible in the jurisdiction in question. Any such modification, invalidity or unenforceability shall be strictly limited both to such provision and to such jurisdiction.","Privacy Policy","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Terms of Use"],"codeblock":[],"url":"/legal/terms-conditions"},"/legal/privacy-policy":{"version":1,"title":"Privacy Policy - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Privacy Policy","Other documents"],"h2":["DEFINITIONS","A. GENERAL DATA PROTECTION INFORMATION","SHARING OF PERSONAL DATA","TRANSFER OF PERSONAL DATA ABROAD","NOTE ON DATA TRANSFERS TO THE USA","SECURITY MEASURES TAKEN TO PROTECT PERSONAL DATA","THIRD PARTY WEBSITES AND SOCIAL MEDIA","B. SCOPE AND PURPOSE OF THE COLLECTION, PROCESSING, AND USE OF PERSONAL DATA WHEN VISITING OUR WEBSITES","WHEN YOU APPLY FOR A JOB","REVIEW AND UPDATES TO POLICY","CONTACT"],"h3":["DATA PROTECTION PRINCIPLES","LEGAL BASIS FOR PROCESSING PERSONAL DATA","RIGHTS OF DATA SUBJECTS","ASSOCIATION’S DATA PROTECTION OBLIGATIONS","IF YOU CONTACT US BY E-MAIL","WHEN YOU APPLY AS DATA PROVIDER","WHEN YOU PARTICIPATE IN THE GRANTS PROGRAM","WHEN YOU PARTICIPATE IN SURVEYS","TRACKING TOOLS","LINKS TO OUR SOCIAL MEDIA PRESENCES"],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","May 1, 2025","The Pyth Data Association with registered office at Grabenstrasse 25, 6340 Baar, Switzerland (“Association”), respects the privacy of Personal Data and is committed to protecting Personal Data. This Privacy Policy (this “Policy”) describes the policies and procedures Association has implemented to protect Personal Data Processed by Association in accordance with applicable Data Protection Laws.Association has voluntarily opted to apply the protections and obligations outlined in this Policy to all Data Subjects. However, such protections and obligations may be beyond the legal requirements of the jurisdiction of certain Data Subjects. Data Protection Laws vary widely across jurisdictions and while Association will strive to meet this Policy for all Data Subjects, the Data Protection Laws for the Data Subject ultimately govern the protections conferred in the specific jurisdiction applicable to that Data Subject, and this Policy does not confer any rights beyond those granted by the relevant Data Protection Laws.This Policy describes how Association collects and uses Personal Data, the circumstances under which Association may share Personal Data, the applicable rights of Data Subjects, and Association’s technical and physical safeguards to protect the security of Personal Data.","“Controller” means a natural or legal person, public authority, agency, or other body that, independently or jointly with others, determines the purpose and means of Processing Personal Data, as defined in Data Protection Laws. Controller shall refer to Association, and with regard to certain Processes, Association may act as joint Controller with a third-party.“Data Protection Laws” refer to applicable privacy legislations, regulations, or codes issued by data protection regulators.“Data Subject” means a natural person who can be identified, directly or indirectly, by reference to their Personal Data.“Personal Data” means any information attributable to an identified or identifiable natural person (a Data Subject), as defined in Data Protection Laws. Under the current Swiss Federal Data Protection Act Personal Data also includes information relating to legal entities. Personal Data does not include data where the identity has been removed (anonymous data). Personal Data shall encompass Special Category Data. Such information includes, but is not limited to:","Name;","Addresses;","Telephone numbers;","Email addresses;","Government-issued identification numbers;","User passwords or PINs;","User identification and account access credentials, passwords, PINs and security question answers;","Financial account numbers; and","Geolocation data.","“Process” or “Processing” or “Processed” or “Processes” means, as applicable, any operation or set of operations performed upon Personal Data, whether or not by automatic means, such as collecting, recording, using, organizing, structuring, storing, adapting or altering, retrieving, disclosing by transmission, disseminating or otherwise making available, aligning or combining, restricting, erasing, or purging.“Processor” means a natural or legal person, public authority, agency, or other body that Processes Personal Data on behalf of a Controller, as defined in Data Protection Laws. Processors’ activities are limited to the more “technical” aspects of a Process and do not include the exercise of professional judgment or significant decision-making in relation to Personal Data. Processors may include third-party service providers, applications, or agencies utilized by Association in the course of business.“Special Category Data” means Personal Data revealing racial or ethnic origin, criminal history, political opinions, religious or philosophical beliefs, sexual orientation, trade union membership, or health, genetic, or biometric data, or data pertaining to a child or minor.","Association is committed to Processing data in accordance with its responsibilities under the Data Protection Laws, and in particular with the following principles:","Fair, lawful and transparent Processing;","Collection for a specified, explicit and legitimate purposes and no further Processing in a manner that is incompatible with the specified purposes;","Limitation to what is adequate, relevant and necessary in relation to the purposes for which the Personal Data are processed;","Keep Personal Data accurate and up to date;","Keep Personal Data only for as long as is necessary or legally required;","Process Personal Data in a manner that ensures appropriate security, including protection against unauthorised or unlawful Processing and against accidental loss, destruction or damage, using appropriate technical or organisational measures;","Process Personal Data in accordance with the rights of the Data Subject; and","Ensure an adequate level of data protection when transferring Personal Data to a country outside of the European Economic Area.","Association will only use Personal Data when Data Protection Laws allow Association to do so. Personal Data shall be Processed in a manner that is adequate, relevant, and not excessive in relation to the intended business purpose(s) of such Processing. A legal basis is required to process Personal Data. Personal Data may be processed only if at least one of the following legal bases applies:","Consent: Data Subject giving consent to the Processing of his or her Personal Data for a specific purpose(s);","Contractual necessity: Processing is necessary for the performance of a contract to which the Data Subject is party or entering into a contract, such as due diligence (anti-money laundering and counter-terrorist financing checks); complying with applicable sanctions and embargo legislation; regulatory, governmental, tax and law enforcement authority requests; surveillance and investigation activities; carrying out audit checks, and instructing our auditors; maintaining statutory registers; and preventing and detecting fraud;","Compliance with legal obligations: Processing is necessary for compliance with a legal obligation to which Association is subject;","Vital interests: Processing is necessary in order to protect the vital interests of the Data Subject or of another natural person;","Public interests: Processing is permitted if it is necessary for the performance of a task carried out in the public interest. Examples include taxation, crime reporting, public health and quality and safety of products; or","Legitimate interests: Processing is necessary for the purposes of the legitimate interests pursued by Association or a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the Data Subject which require protection of Personal Data, in particular where the Data Subject is a child.","When applicable, Association shall honor Data Subject rights, as described herein. In accordance with Data Protection Laws and in certain circumstances, a Data Subject may possess the right to:","Request access to his or her Personal Data that Association holds to check that it is accurately and lawfully being Processed.","Request correction of his or her Personal Data that Association holds. This enables Personnel to have any incomplete or inaccurate Personal Data be corrected, though Association may need to verify the accuracy of any new Personal Data provided.","Request erasure of his or her Personal Data. This enables Personnel to ask Association to delete or remove Personal Data where there is no legitimate purpose for the Processing of such Personal Data by Association. Association may not always be able to comply with the request of erasure for specific legal reasons or other legitimate grounds, which will be notified to Personnel, if applicable, at the time of the request.","Object to Processing of his or her Personal Data where Association is relying on a legitimate interest (or those of a third party) and he or she would like to object to the Processing because it impacts his or her fundamental rights and freedoms.","Request restriction of Processing of his or her Personal Data. This enables Data Subjects to ask Association to suspend Processing Personal Data in the following scenarios: (i) establishing the accuracy of Personal Data; (ii) where Association's use of Personal Data is unlawful, but there is no request of erasure; (iii) where a Data Subject needs Association to hold Personal Data even if retention is no longer required and it is needed to establish, exercise, or defend a legal claim; or (iv) a Data Subject objects to Association's use of Personal Data, but Association needs to verify whether there are overriding legitimate grounds to use it.","Request the transfer of his or her Personal Data. Association will provide to Personnel, or a third party, his or her Personal Data in a structured, commonly used, machine-readable format. This right only applies to automated information.","Withdraw consent at any time where Association is relying on consent to Process Personal Data. This will not affect the lawfulness of any Processing carried out before consent is withdrawn.","Be notified of a data breach involving a Data Subject's Personal Data.","Association shall accept, when applicable, any written requests through the appropriate channels from a Data Subject to exercise his or her rights and freedoms pursuant to Data Protection Laws. Association shall use reasonable means to verify the identity of the requester.","Association and its Personnel have implemented appropriate technical and organizational measures to provide adequate protection regarding Data Subjects’ rights and the lawful, fair, and transparent Processing of Personal Data, as described herein. Association data protection obligations include the following:","Consent: When consent is the lawful basis for Processing, Association shall obtain the affirmative consent of a Data Subject prior to such Processing. Consent shall be written in clear and plain language by Association and the Data Subject must give consent freely. Prior to providing consent, a Data Subject shall be notified by Association that consent may be withdrawn at any time. Consent may not be permanently binding on Data Subjects, as such Data Subjects may withdraw consent at any time.","Purpose Limitation: Association shall restrict the Processing of Personal Data to the intended business purpose(s).","Notification: Association shall provide notification in clear language to a Data Subject at the outset of Processing, which may include: name of Controller and contact information; purpose of Processing; type(s) of Personal Data Processed; whom has access to Personal Data; Processing location(s); retention period; Data Subject’s rights and instructions for exercising such rights; and protections against data breaches.","Access: Upon request by a Data Subject, Association shall provide such Data Subject with access to his or her Personal Data in the possession or under the control of Association and information about the ways in which Personal Data may have been previously Processed.","Correction: Upon request by a Data Subject, Association shall correct any error or omission in a Data Subject’s Personal Data in the possession or under the control of Association. If Personal Data is corrected, Association must inform (i) third-parties to whom data has been disclosed of correction and (ii) Data Subjects that his or her Personal Data has been disclosed to third-parties.","Erasure: Upon request by a Data Subject, Association shall erase such Data Subject’s Personal Data in the possession or under the control of Association, if: (i) Personal Data is no longer necessary for the intended business purpose for which it was Processed; (ii) the Data Subject withdraws consent and there is no other legitimate basis for the Processing; (iii) the Data Subject objects to Processing based solely on Association’s legitimate interest; (iv) the Processing of Personal Data is unlawful; or (v) Personal Data is related to the offer of information society services to a child. This is not an absolute right, as Personal Data may be retained to the extent required or permitted under applicable law. If Association discloses Personal Data to a third-party, Association shall notify such third-parties of any fulfilled request to erase, unless unreasonable or would result in a disproportionate effort.","Accuracy: Association shall make a reasonable effort to verify that Personal Data Processed by or on behalf of Association is accurate and complete. Generally, Personal Data is obtained directly from the Data Subject.","Protection: Association shall protect Personal Data in its possession or under its control by securing against unauthorized Processing, as further described in the “Security Measures Taken to Protect Personal Data” Section.","Retention: Personal Data will be retained for as long as is necessary for the intended purpose. Association shall cease to retain documentation containing Personal Data or remove the means by which Personal Data can be associated with a particular Data Subject when (i) the intended purpose for which Personal Data was Processed is no longer applicable and (ii) the retention is no longer necessary for legal or business purposes.","Breach Notification: In the case of a data breach involving any loss, misuse, or alteration of Personal Data that is likely to result in (i) a risk to Data Subjects’ rights and freedoms, Association shall notify the supervisory or data protection authorities within seventy-two (72) hours; or (ii) a high risk to Data Subjects’ rights and freedoms, Association shall notify Data Subjects without undue delay.","Association has executed appropriate documentation to protect the privacy and fundamental rights and freedoms of Data Subjects and has taken appropriate measures to ensure data protection during the sharing of Personal Data.Association may share Personal Data with third-parties to Process (maintain, store, use) on Association’s behalf. Association requires all such Processors to take appropriate security measures to protect Personal Data in accordance with Association’s policies. Association does not allow Processors to Process Personal Data for their own purposes and only permits them to Process Personal Data for specified purposes and in accordance with Association's instructions.Association may share Personal Data with third parties to Process on their own behalf. Such third parties will be considered joint-Controllers of such Personal Data. While joint-Controllers have shared discretion over the purposes of Processing, all such Controllers agree to Process such shared Personal Data in accordance with Data Protection Laws.","Third-Parties: Association may, from time to time, engage with Processors or joint Controllers, such as third-party service providers, applications, or agencies, to Process Personal Data. Prior to the Processing of Association -controlled Personal Data by a Processor or joint Controller, Association will work with such third-parties to verify that adequate documentation and security safeguards are in place to Process Personal Data in accordance with Data Protection Laws. The Processor or joint Controller shall restrict Processing to the intended business purpose.","Association Entities: Association shall not transfer Personal Data to a country or territory outside the jurisdiction in which it was Processed, except in accordance with the requirements prescribed under Data Protection Laws. Association may transfer or provide access to Personal Data across jurisdictions and entities in accordance with its Data Protection Agreements and Intercompany Agreements, which are aligned with Data Protection Laws.","Various third-parties are explicitly mentioned in this Policy (e.g., in section “Tracking Tools”). The Personal Data is passed on or accessed for the purpose of providing and maintaining the functionalities of the website.","Association may transfer your Personal Data to third-parties based abroad for the purposes of the data Processing described in this Policy.Such third-parties are obliged to protect the privacy of individuals to the same extent as Association does. If the level of data protection in a country does not correspond to the Swiss or European level, Association contractually ensures that the protection of your Personal Data corresponds to that in Switzerland or the EU at all times. To this end, Association agrees on the EU standard contractual clauses with the third-parties and implements additional technical and organizational measures, if necessary.Certain third-parties mentioned in this Policy are based in the USA (see section “Links to Our Social Media Presences” or section “Tracking Tools”). Further explanations regarding data transfers to the USA can be found below under section “Note on Data Transfers to the USA”.","Some of the third-parties mentioned in this Policy are based in the USA. For the sake of completeness, Association would like to point out for Data Subjects who are resident or domiciled in Switzerland or the EU that there are surveillance measures in place in the USA by US authorities, which generally allow the storage of all Personal Data of all persons whose data has been transferred from Switzerland or the EU to the USA. This is done without any differentiation, limitation or exception based on the objective pursued and without any objective criterion that would make it possible to limit the access of the US authorities to the data and their subsequent use to very specific, strictly limited purposes that are capable of justifying the intrusion associated with both the access to and the use of this data. Furthermore, Association would like to point out that in the USA, Data Subjects from Switzerland or the EU do not have any legal remedies that allow them to obtain access to the data concerning them and to obtain their correction or deletion, or that there is no effective judicial legal protection against general access rights of US authorities.Association would like to point out to Data Subjects who are resident in Switzerland or a member state of the EU that the USA does not have a sufficient level of data protection from the point of view of the European Union and Switzerland - among other things due to the issues mentioned in this section. Insofar as Association has explained in this Policy that recipients of data (such as Google) are based in the USA, Association will ensure through contractual arrangements with these companies, as well as any additional appropriate guarantees required, that your Personal Data is protected with our partners with an appropriate level.","Association has implemented appropriate elements of privacy by design in conjunction with technical and physical safeguards to protect the security of Personal Data from unauthorized or unlawful Processing. Association uses a number of systems and applications to protect Personal Data at all times, which also allow for the following capabilities: (i) the anonymization and encryption of Personal Data; (ii) the ability to ensure the ongoing confidentiality, integrity, availability, and resilience of Processing Personal Data; (iii) the ability to restore the availability and access to Personal Data in a timely manner in the event of a physical or technical incident; and (iv) a process for regularly testing, assessing, and evaluating, at least annually, the effectiveness of such security measures.In assessing the appropriate level of security as well as the risks of varying likelihood and severity for the rights and freedoms of Data Subjects, Association assesses the risks presented by the Processing of Personal Data. Such risks may include, but are not limited to, any accidental, unlawful, or unauthorized destruction, loss, disclosure, alteration, or access to Personal Data Processed by or on behalf of Association, or other factors that may impact Data Subject rights and freedoms. Association shall make reasonable attempts to ensure that any risks presented by the Processing of Personal Data are sufficiently mitigated by technological and/or organizational controls, including limited access of Personal Data utilizing access controls and password protections.","This website may contain content and links to third-party websites that are not owned, operated, or controlled by Association. Association is not responsible for the privacy practices of or the content displayed on such third-party websites.When engaging with Association’s content on or through a third-party social networking website, plug-in, or application, Association may Process Personal Data associated with your social media account.","When you visit our websites, our servers temporarily save each access in a log file. The following data may be collected without your intervention and stored by Association until deletion, as is necessary in compliance with applicable laws:","the IP address of the requesting computer;","the name of your internet access provider (usually your internet access provider);","the date and time of access;","the name and URL of the retrieved file;","the page and address of the website from which you were redirected to the website and, if applicable, the search term used;","the country from which the website is accessed;","the operating system of your computer and the browser you are using (provider, version and language); and","the transmission protocol used (e.g. HTTP/1.1).","The collection and Processing of this data is carried out for the purpose of enabling the use of the website (connection establishment), to permanently guarantee system security and stability and to enable the optimization of our internet offer as well as for internal statistical purposes. Our legitimate interest in data Processing lies in the purposes described above.Only in the event of an attack on the network infrastructure or a suspicion of other unauthorized or abusive website use will the IP address be evaluated for the purpose of clarification and defense and, if necessary, used in the context of criminal proceedings to identify and take civil or criminal action against the users concerned. Our legitimate interest in data Processing lies in the purposes described above.Finally, Association uses cookies and other applications based on cookies when you visit the website. For further information, please refer to sections “Cookies” and “Tracking Tools”.","On the website you have the possibility to contact Association or one of its experts by e-mail. You can also contact Association for support questions by e-mail.You are responsible for the message and/or transmitted content that you send to Association. Association recommends that you do not send any confidential data. Personal Data is only collected if you provide it to Association voluntarily. Therefore, you yourself are responsible for what data you transmit to Association. In order to be able to answer your questions, Association may ask you to provide additional information. Association only collects Personal Data from you if this is necessary to answer your questions or to provide the services you have requested.When Processing your enquiry by e-mail, Association has a legitimate interest in data Processing. You can object to this data Processing at any time (see section “Contact”).","If you submit a letter of application by e-mail, Association Processes the Personal Data you provide in order to check your application and, if necessary, to contact you in this context. The legal basis for the Processing of your Personal Data lies in pre-contractual measures and the performance of a contract as well as in our legitimate interest. Insofar as Association bases data Processing on the legitimate interest, you can object to this data Processing at any time (see section “Contact”).The website includes a job section with current job offers. When using this application mechanism, you will be redirected to the website operated by Ashby, Inc. where you have to enter specific Personal Data, such as your first name, family name, e-mail, phone, location and information about your education. You are able to upload other application documents, such as your resume, on the website. We will process your Personal Data for the administration and Processing of your application, i.e. as pre-contractual measure and in our legitimate interest. Please find more information about the data Processing by Ashby, Inc. under https://www.ashbyhq.com/resources/privacy.","When you apply as Pyth Data Provider, you may have to enter the following information into the online application form:","E-mail;","Company;","First Name;","Last Name;","Street;","Zip;","City; and","Country.","The legal basis for the Processing of your Personal Data lies in the Processing for pre-contractual purposes or for the performance of a contract as well as our legitimate interest. If Association invokes our legitimate interest for data Processing, you can object to this data Processing at any time (see section “Contact”).","As part of the Pyth Ecosystem Grants Program, different categories of grants are offered, whereby Association Processes different data depending on the category of the program.When you apply for and participate in Community Grants, Association Processes the following Personal Data:","Date of birth;","Nationality;","Country of residence;","Wallet address;","E-mail address;","Discord Username.","When you apply for and participate in Research Grants & Developer Grants, Association Processes the following Personal Data:","Passport / ID copy;","Tax or other official bill, or an energy, water or telephone bill;","Association may also obtain information about you from other sources, for example, by consulting publicly available sources.The collection and Processing of this data is carried out to communicate with you, verify your identity, to carry out sanction screening of you as a person as well as your receiving wallet and to be able to fulfill the grants of the corresponding program. Accordingly, the legal basis of this data Processing lies in the fulfilment of legal obligations and in the performance of a contract.To carry out the personal sanction screening, Association engages the services of a third-party provider selected for this purpose. Prior to any data processing, the Association will provide you with detailed information about the selected provider and their data Processing practices, including their identity, contact details, and privacy policy. Your data may be stored in a database maintained by the provider, which may allow the provider to access your data if necessary for providing the services. For information about data processing by third parties, see section \"Sharing of Personal Data\". Using the services of the third-party provider may result in a transfer of data abroad (for more information, see section \"Transfer of Personal Data Abroad\"). The legal basis for this processing lies in our legitimate interest in using the services of third-party providers.","To carry out the wallet sanction screening, Association uses the services provided by Elliptic Enterprises Limited, Office 7, 35-37 Ludgate Hill, London EC4M 7JN, UK (Company No. 08458210). Therefore, your data may be stored in a database of Elliptic Enterprises Limited, which may allow Elliptic Enterprises Limited to access your data if this is necessary for providing the services. For information about data Processing by third parties see section \"Sharing of Personal Data\". Using the services of Elliptic Enterprises Limited may result in a transfer of data abroad (for more information see section \"Transfer of Personal Data Abroad\" and \"Note on Data Transfers to the USA\"). The legal basis for this Processing lies in our legitimate interest in using the services of third-party providers.","There is a possibility that the selected third-party provider for personal sanction screening and/or Elliptic Enterprises Limited may want to use some of the data for their own purposes (e.g., for conducting statistical analysis). For these data Processing activities, the respective provider is the Controller and must ensure compliance with Data Protection Laws. Information about data processing by Elliptic Enterprises Limited can be found at: https://www.elliptic.co/privacy-policy. For the selected third-party provider, relevant information will be provided to you prior to data Processing, as outlined above.","When you voluntarily participate in surveys conducted by Association, we collect and Process Personal Data primarily for marketing, social media engagement, and service optimization. By submitting a survey, you provide explicit consent to these purposes, as outlined in a pre-survey notice.","When you participate in surveys, Association Processes the following Personal Data:","Contact information (e.g., First Name, Last Name, personal or business email address, personal or business postal address, personal or business phone number, Discord Username, X.com handle, and other similar contact data if provided);","Survey responses (e.g., opinions, preferences, feedback and product reviews you write, or questions and information you provide);","Usage data (e.g. data about how you and your device interact with Pyth Network, like product usage data, device data, error reports and performance data and support data);","Support data (information about you and your hardware, software, and details about the event, authentication data, your communications with us, data about the machine and the application you were using, and system, registry, and configuration data).","We process your Personal Data to communicate with you, share (anonymized) survey insights on social media (e.g., X.com, Discord, LinkedIn) to promote Pyth Network, and enhance Pyth Network products and services. Accordingly, the legal basis of this data Processing lies in your explicit consent via survey submission or our legitimate interests. You may withdraw consent by contacting privacy@pyth.network, without affecting prior Processing.","COOKIES, SCRIPTS AND RELATED TECHNOLOGIES","When you visit this website, Association and its third-party service providers receive and record Personal Data that you may have provided and your digital signature, such as your IP address. The technologies we use to track your movements around our website include cookies, tracking scripts and pixels, and tagging technologies, which we may employ to understand your preferences, improve your experience on our website, etc.Most internet browsers automatically accept cookies. However, you can configure your browser so that no cookies are stored on your end device or a message always appears when you receive a new cookie.On the following pages you will find explanations on how to configure the processing of cookies in the most common browsers.","Microsoft Edge","Mozilla Firefox","Google Chrome","Apple Safari","Further information can be found on http://www.aboutcookies.org.","Please note that disabling cookies may prevent you from using all the features of the Websites.","Google AnalyticsWe use Google Analytics, a web analytics service provided by Google Ireland Limited, Google Building Gordon House, 4 Barrow St, Dublin, D04 E5W5, Ireland or Google Inc, 1600 Amphitheatre Pkwy, Mountain View, CA 94043-1351, USA. Google Analytics uses methods that enable an analysis of the use of the website, such as cookies. These generate information about your use of the website, such as:","Navigation path that a visitor follows on the website;","How long you spend on the website and subpages;","The subpage from which you leave the website;","The country, region or city from where you access the website;","End device (type, version, colour depth, resolution, width and height of the browser window);","Returning or new visitor;","Browser provider/version;","The operating system used;","The referrer URL (previously visited website);","Host name of the accessing computer (IP address); or","Time of the server request.","This information is transmitted to Google servers in the USA and stored there. In doing so, the IP address is shortened by activating IP anonymisation on the website before transmission within the Member States of the European Union or in other Contracting States of the Agreement on the European Economic Area, as well as in Switzerland. The anonymised IP address transmitted by your browser as part of Google Analytics will not be merged with other Google data. Only in exceptional cases will the full IP address be transmitted to a Google server in the USA and shortened there. In these cases, we ensure that Google complies with a sufficient level of data protection by means of contractual guarantees, in particular by agreeing to the EU standard contractual clauses and additional measures.The information is used to evaluate the use of the website, to compile reports on website activities and to provide other services associated with website and internet use for the purposes of market research and demand-oriented design of the website. Google may transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. According to Google, under no circumstances will the IP address be associated with other data relating to the user.The legal basis for Processing the data for the above purposes is your consent, which you give us by using the cookie banner. You can revoke your consent at any time (section “Contact”).You can prevent the collection of the data generated by the cookies (including the IP address), which relate to the use of the website, by Google as well as the Processing of this data by Google by downloading and installing the browser plugin available under the following link: http://tools.google.com/dlpage/gaoptout?hl=deAn opt-out cookie will be stored on your device. If you delete all cookies, the link must be clicked again.Google Tag ManagerWe use Google Tag Manager, a service of Google Ireland Limited, Google Building, Gordon House, 4 Barrow St, Dublin, D04 E5W5, Ireland or Google Inc., 1600 Amphitheatre Pkwy, Mountain View, CA 94043-1351, USA, to manage cookies and pixels for tracking tools and other tools. The Tag Manager tool itself is a cookie-less domain and does not collect any Personal Data. Instead, the tool triggers other tags that may in turn collect data. If you opt for a deactivation at the main or cookie level, this remains in place for all tracking tags implemented with Google Tag Manager.This Processing is based on our legitimate interest. You can object to this data Processing at any time (see section “Contact”).Vercel Web Analytics","We use Vercel Web Analytics, a service provided by Vercel Inc., 440 N Barranca Ave #4133, Covina, CA 91723, USA, to analyze the usage of our website and to enhance its functionality and user experience.","Vercel Web Analytics collects only anonymized data that cannot be linked to a specific individual. No personal data, such as IP addresses or other identifiers that could track you across websites or applications, is collected. Instead of cookies, a privacy-friendly hash is generated from the incoming request, which prevents tracking of your activities across different days or websites. The collected data is used exclusively for aggregated statistics and includes the following:","Event Timestamp (e.g., 2024-10-29 09:06:30)","URL (e.g., /blog/nextjs-10)","Dynamic Path (e.g., /blog/[slug])","Referrer (e.g., https://x.com/home/)","Filtered Query Parameters (e.g., ?ref=hackernews)","Approximate Geolocation (e.g., Switzerland, Zurich, Zurich)","Device Operating System and Version (e.g., Android 10)","Browser and Version (e.g., Chrome 86)","Device Type (e.g., Mobile, Desktop, Tablet)","Web Analytics Script Version (e.g., 1.0.0)The data is not used to reconstruct individual browsing sessions or to identify individuals. It is retained only as long as necessary for the purpose of analyzing and improving the website, typically up to 24 months, after which it is deleted or further anonymized.","Since Vercel Inc. is based in the USA, a country that does not offer a level of data protection equivalent to Switzerland, data may be transferred outside Switzerland. We ensure that such transfers are safeguarded by appropriate measures, such as contractual agreements. For more details on how Vercel processes data, please refer to their Privacy Policy at https://vercel.com/legal/privacy-policy.","Amplitude for Web Analytics","We use Amplitude Web Analytics, a service provided by Amplitude, Inc., 201 3rd Street, Suite 200 San Francisco, CA 94103, USA, to analyze the usage of our website and improve its performance and user experience.","Amplitude Web Analytics collects data about how our website is used, enabling us to understand user interactions and optimize our services. The data collected is anonymized or pseudonymized and does not include personal identifiers such as IP addresses unless explicitly configured by us. Typical data points may include:","Event data (e.g., page views, clicks, or interactions)","Approximate geolocation (e.g., country or region)","Device information (e.g., operating system, browser type, device type)","No individual browsing sessions are reconstructed, and the data is used solely for aggregated statistical analysis. Instead of cookies, Amplitude uses pseudonymized identifiers to track usage patterns, ensuring that your activities cannot be linked across different websites or over extended periods. The data is retained only as long as necessary for the purpose of improving our website, typically for a period of up to 24 months, after which it is deleted or further anonymized.","Since Amplitude, Inc. is based in the USA, a country that does not provide a level of data protection equivalent to Switzerland, data is transferred outside Switzerland. We ensure that such transfers are safeguarded by appropriate measures, including Standard Contractual Clauses (SCCs) and Amplitude’s participation in the EU-U.S. Data Privacy Framework. Amplitude may transfer this data to third parties if required by law or where such third parties process the data on Amplitude’s behalf, such as authorized subprocessors.","This Processing is based on our legitimate interest in understanding and enhancing our website’s performance, in accordance with Swiss data protection law. For more information on how Amplitude processes data, please refer to their Privacy Policy at https://amplitude.com/privacy and https://amplitude.com/dpa.","On the website, we have set up links to our social media presences on the following social networks:","X Corp., 865 FM 1209, Building 2, Bastrop, TX 78602 U.S.A., data privacy notice","Discord Inc., 444 De Haro Street #200 San Francisco, CA 94107, USA, data privacy notice","Youtube LLC, 1600 Amphitheatre Pkwy Mountain View, CA 94043, USA, data privacy notice","Telegram Messenger Inc., Vistra (Bvi) Limited, Vistra Corporate Services Centre, Wickhams Cay Ii, Road Town, Tortola, Virgin Islands, British, VG1110, data privacy notice","If you click on the corresponding icons of the social networks, you will automatically be redirected to our profile / channel on the respective social network. To be able to use the functions of the respective network, you must partially log into your user account for the respective network.When you open a link to one of our social media presences, a direct connection is established between your browser and the server of the social network in question. This provides the network with the information that you have visited our website with your IP address and accessed the link. If you access a link to a network while logged into your account on the network concerned, the content of our website may be linked to your profile on the network, i.e. the network may link your visit to our website directly to your user account. If you want to prevent this, you should log out before clicking on the relevant links. In any case, an association takes place when you log in to the relevant network after clicking on the link.If you click on one of these links, you thereby give your consent to the subsequent data Processing.","Association will review and may update this Policy to reflect changes to Association’s privacy practices or security measures as needed. If a review is not satisfactory, Association will take immediate steps to remedy any noted deficiencies. Please periodically review this Policy for the latest on Association’s privacy practices. The use of Association’s website after any updates constitutes an acknowledgement of having read and understood the Policy.","Please contact Association by email at privacy@pyth.network should you have any questions or comments about this Policy or your Personal Data.","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy"],"codeblock":[],"url":"/legal/privacy-policy"},"/blog/zksync-era-a-burgeoning-defi-ecosystem":{"version":1,"title":"zkSync Era: A Burgeoning DeFi Ecosystem - Blog - Pyth Network","description":"zkSync Era launched in 2023, now a leading zk-based Layer 2 scaling solution with over 400k wallets and $200M in locked value.","keywords":"","h1":["zkSync Era: A Burgeoning DeFi Ecosystem"],"h2":[],"h3":["The zkSync Ecosystem—Powered by Pyth","zkSync Era Ecosystem","Get Started with Pyth on zkSync Era","zkSync Era","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","zkSync Era launched in 2023, now a leading zk-based Layer 2 scaling solution with over 400k wallets and $200M in locked value.","Pyth Primers","Aug 30, 2023","zkSync Era launched in March 2023, after years of work from Matter Labs and the ZK community. This launch marked an important milestone for the DeFi ecosystem. Fast forward to August: zkSync has now established itself as the leading zk-based Layer 2 solution.","Let’s take a closer look. zkSync Era is a leading chain in user activity, with over 400,000 wallets. It’s also proven itself as a new home for high throughput DeFi. In just five months, zkSync Era grew to $200M in total locked value, establishing itself as a  top 20 chain in size and activity.","Many factors contribute to the success of a chain. One critical and often overlooked element is infrastructure—the pillars of a blockchain’s security, scalability, and usability.","Mysten Labs and the zkSync Era contributors focused on infrastructural tooling for developers so that the ecosystem can deliver an Ethereum-like experience. The launch of Pyth Price Feeds on zkSync Era’s mainnet launch was a natural addition to developer tooling and a transformative one too. In those same five months, Pyth Network grew to secure over 90% of zkSync Era’s TVS. What led to this growth?","In this blog, we will explore the zkSync Era ecosystem and how Pyth Network transformed its DeFi capabilities.","Pyth Network is the largest first-party financial oracle network. Pyth delivers over 300 real-time price feeds across cryptocurrencies, FX rates, ETFs, equities, and commodities to more than 30 blockchains, including zkSync Era.","One of Pyth’s unique features is the way it sources data. Pyth Network’s prices are sourced from over 85 first-party data providers, including some of the world's most prominent exchanges and market-making enterprises. Readers will recognize names such as Cboe Global, Jane Street, Binance, and Wintermute.","Low-latency and high-frequency updates are another compelling feature for zkSync developers. Pyth Price Feeds update multiple times per second, which is faster than most blocktimes. Furthermore, Pyth aggregates price inputs from the data providers through an on-chain, transparent aggregation methodology to guard against incorrect and malicious inputs. The result is an aggregate price output that is robust and secure. In fact, the Pyth oracles track the markets with 5-10x more accuracy than competing solutions.","You can compare Pyth Price Feeds to centralized exchanges on the public Stats page.","We were met with demand for Pyth Price Feeds from the zkSync Era ecosystem from day one. The daily price updates chart from the Pyth Network website offers an excellent visualization of historical Pyth Price Feed activity. Daily price updates from the zkSync Era ecosystem have grown to a median of 3K updates per day, with regular peaks at 6K. The Pyth Network has served a total of over 160K price updates to date.","You can track Pyth’s cross-chain price updates and deliveries on our public Stats page.","It is important to remember that each delivered price update is requested and paid for by a user or ecosystem participant. Pyth price updates require a native gas fee transaction and a Pyth update fee to the network.","The demand speaks for itself. Let's take a deeper dive into who’s #PoweredByPyth on zkSync Era. Some of these protocols have been integrated with Pyth Price Feeds on the day of mainnet launch.","ReactorFusion is a lending and borrowing market protocol on Compound Finance and offers unique bribe-reward tokenomics. Live since April 2023, ReactorFusion established itself as a leading zkSync money market by collecting close to $10M in value locked in its first month. Pyth powers the lending module to help value user collateral and positions and trigger liquidations when necessary.","EraLend was the first-ever borrow/lending platform to go live on zkSync. Previously known as ‘Nexon Finance’, the newly branded EraLend seeks to maximize capital efficiency and minimize external risks like dependency on external liquidity. EraLend uses Pyth Price Feeds to evaluate user collateral and positions in real time.","zkDX is a decentralized derivatives trading platform that enables users to take on leveraged positions for digital assets. zkDX is designed as an oracle-based exchange, and trades do not experience price impact or slippage, even with up to 50x leverage. With the help of Pyth, zkDX has facilitated $12M in trading volume and welcomed over 5,000 traders.","xBank is a decentralized non-custodial liquidity market protocol that facilitates borrowing and lending. xBank started in June and deposits and borrows have been steadily increasing, matching with the launch of their esXB token which represents an IOU that can later be converted to the xBank’s Governance token. xBank has been #PoweredByPyth since day one to value protocol-supported assets and evaluate user positions.","Pinnako is a decentralized perpetual trading platform that launched in early July on zkSync. In its first month, Pinnako derivatives processed close to $25M in trading volume. This activity came from over 4,500 users and generated close to $35K in fees for liquidity providers. Pinnako is an oracle-based exchange where trades are filled at the Pyth price and without slippage.","zkEra Finance is a decentralized spot and perpetual trading platform offering minimal swap charges and trades with zero price impact. zkEra Finance core functionality is inspired by GMX and uses Pyth Price Feeds to process trades. zkEra has to date generated $1.5M in trading volume from their derivatives market.","Deri Protocol is a decentralized protocol for users to exchange risk exposures while maintaining capital efficiency.  After launching and integrating with the Pyth Price Feeds on Arbitrum, BNB, and Polygon, Deri has now expanded to the zkSync ecosystem with the same oracle playbook.","Basilisk is a lending and borrowing DeFi protocol based on the battle-tested Compound code base. Basilisk has integrated with Pyth Price Feeds to become one of the earliest money markets on zkSync and grew quickly to over $250K in TVL.","ZeroLend is the newest money market on the block. Derived from Aave, ZeroLend provides an inclusive and permissionless lending solution optimized for capital efficiently. ZeroLend launched its own decentralized, overcollateralized stablecoin: ONEZ.","Gambit is an upcoming leveraged trading platform focused on enabling users to trade a wide range of assets at competitive fees thanks to Pyth’s extensive asset coverage and unique confidence intervals feature.","Galleon is a gamified logarithmic perpetual futures trading platform comprising an open-source protocol and a decentralized derivatives exchange to interface with the protocol. Galleon uses Pyth Price Feeds to enable users to trade with up to 20x leverage for USDC quoted markets.","SynFutures is a permissionless Web3 infrastructure for derivatives trading on various chains. SynFutures is built on a synthetic Automated Market Maker (sAMM). With the sAMM, the buyer or seller trades directly with the pool at the Pyth oracle price. SynFutures v2 launched more than a year ago and generated $1.7B in trading volume, before expanding to the zkSync ecosystem.","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to request or \"pull\" price updates on demand. This feature enables everyone in that blockchain environment to access that data point. Builders on zkSync can permissionlessly integrate with any of Pyth's 300+ price feeds.","You can explore our integration tutorial series on the Pyth Youtube channel.","How Pyth Network Works","Pyth Pull Model Explained","How to use Pyth Pull Oracle","How to use Pyth with a Price Pusher","How to use Pyth’s Benchmarks","If you have any questions or requests, you can ask in the the Pyth Discord! More resources are available at the end of this blog.","zkSync Era is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, computation is performed off-chain and most data is stored off-chain as well. Since all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum.","zkSync Era is made to look and feel like Ethereum, but with lower fees. Just like on Ethereum, smart contracts are written in Solidity/Vyper and can be called using the same clients as the other EVM-compatible chains.","In the past four months, zkSync Era’s testnet has seen approximately 9 million transactions, 30,000 contracts deployed, 497,000 active addresses and over 650,000 blocks produced.","For more information, please visit their website.","The Pyth Network is the largest first-party oracle for the world’s financial data. It supports more than 300 real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Thanks to the Pyth Network’s innovative pull oracle design, applications can effortlessly \"pull\" the latest price onto their native blockchain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by DeFi protocols in over $65B in trading volume and in over 180 on- and off-chain applications. You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together on zkSync Era! Check out the resources below to get started. If you have any questions, please reach out.","You can find the Pyth Network price feeds catalog on the website and discover which price feeds are launching next. If you have any questions or feedback, you can ask in the Pyth Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on zkSync","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/zksync-era-a-burgeoning-defi-ecosystem"},"/blog/pyth-monthly-update-august-2023":{"version":1,"title":"Pyth Monthly Update I August 2023 - Blog - Pyth Network","description":"Pyth Network’s August saw a successful Pithyan Summer with six new blockchain integrations, including Base and Scroll, boosting dApp connections.","keywords":"","h1":["Pyth Monthly Update I August 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community and Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s August saw a successful Pithyan Summer with six new blockchain integrations, including Base and Scroll, boosting dApp connections.","Updates","Sep 1, 2023","\"August creates as she slumbers, replete and satisfied.\" — Joseph Wood Krutch","This August was the culmination of a Pythian Summer. The Pyth Network took no rest in delivering data and expanding its reach.","It’s time to update our public stats. August returned a bountiful harvest, with six new blockchain integrations. Two of the most anticipated chains include Base and Scroll. Leading dApps such as CAP Finance, Perennial, DePerp, Buffer Finance, and Pike Finance have already integrated with Pyth Price Feeds on Base.","Pyth Network is expanding throughout the cosmos. After Injective, Osmosis, and Neutron, Pyth Price Feeds next launched on Sei on their mainnet launch day. Sei dApps such as Aether Protocol, Fuzio, Kawa Finance, Kryptonite Finance, Levana Protocol, and SeaSwap are setting sail with Pyth data.","We’ve also taken the time to pay homage to the Bitcoin community. Pyth Price Feeds are now available on the Bitcoin L2 network, Stacks. You will soon find Pyth data powering ALEX, Arkadiko Finance, Hermetica Finance, and Zest.","Let’s look at the numbers. Daily average price updates have gone parabolic. We started from 200K in June, 1.4M in July, to 1.9M in August. Every price update is a Pyth Price Feed delivering a price point to a blockchain. Every price delivery is paid for by a user or ecosystem participant downstream—a testament to the true demand for Pyth data. (Note: these stats exclude Solana).","Close readers will know that the Pyth Network protocol is designed to accept data fees to update on-chain prices. Governance will determine important parameters of these fees. Stay tuned.","New dApps Using Pyth","Thales, an on-chain, permissionless, and non-custodial positional markets protocol focusing on simplicity—now #PoweredByPyth on Optimism, Arbitrum, Polygon, BNB and Base","WEMIX.Fi, a fully on-chain DeFi platform supporting storage, exchange, borrowing, settlement, and investment of crypto-assets","Nile, and NFTFi, a decentralized protocol that allows users to transform your NFTs into financial products","ALEX, a Bitcoin DeFi protocol enabling anyone to launch, bridge, trade, and earn interest","Arkadiko Finance, a decentralized, non-custodial liquidity protocol for minting stablecoins, earning interest on deposits, and borrowing assets on Stacks","Hermetica Finance, a protocol for non-custodial structured financial products for Bitcoin. Hermetica vault uses automated options strategies to generate a risk-adjusted yield on Bitcoin","Zest, the first Bitcoin native lending protocol that uses smart contracts that create and adjust liquidity pools to fund loans, distribute rewards to BTC liquidity providers, and process withdrawals","Mooncake Finance, a decentralized lending market that allows users to lend and borrow assets on Linea and Base","Reax Finance is the first trustless synthetic asset issuance and trading protocol live on Mantle","LogX, a perpetual aggregator protocol with aggregated liquidity on Arbitrum, and soon, Mantle","ImmortalX, the first decentralized perpetual exchange on Celo","Tashi, a borrow-lending platform on EVMOS","El Dorado Exchange is a perpetual DEX on Base and Arbitrum","CoChilli is a prediction marketplace built on Base which can resolve markets every second","DeFi Partner Updates","mmm #PoweredByPyth ice cream so good 🍦","A zkSync DeFi Ecosystem #PoweredByPyth","Kwenta, a decentralized trading platform built on top of Synthetix, is now #PoweredByPyth and Gelato Web3 Functions","Synthetix, the leading decentralized synthetic protocol on Optimism, facilitated over $22B in volume since becoming #PoweredByPyth","Levana, a fully collateralized perpetual protocol on Osmosis has processed over $40M in trading volume since integrating with Pyth","ABEx Finance, a perpetual protocol on Sui, already enabled over $10M in trading volume","Solend, the long-time leader in borrow/lending on Solana, launched Margin to enable users to trade with leverage","Buffer Finance, a decentralized perpetual platform, is launching its version 2.5 which will feature 1-click trading","FusionX, a cutting-edge decentralized exchange, is now a top 3 dApp on Mantle","Sable Finance is now live on mainnet. Sable is pioneering the first-ever decentralized stablecoin,$USDS, which accepts $ETH LSD as collateral both on BNB Chain and Arbitrum","SeaSwap launches SINK or FLOAT, a price-guessing game on the Sui Network","Jet Protocol launches Fixed Rate—a first-of-its-kind marketplace for negotiating rates on an order book thanks to Pyth data","CAP Finance, a decentralized perpetual protocol, has expanded to Base","Merkle Trade, a decentralized leverage trading platform is now live on Aptos","D8X, a decentralized derivatives platform is now live on Polygon zkEVM testnet","DePerp, a perpetual DEX, is available on Base testnet","Data Provider Updates","mrgn research, an integrative proprietary trading firm, is joining the Pyth Network’s data provider community","Radix, a renowned research firm in the trading industry, has also joined as a data provider","Quiver, a hybrid cryptocurrency exchange with an innovative approach based on batch auctions, is now contributing data to Pyth Network","New Contributors Joining the Pyth Network","Welcome Douro Labs as the newest core contributor to the Pyth Network","New Blockchains Integrated with Pyth","Wemix","Stacks","Scroll","Sei","Base","EVMOS","New Price Feeds","ENS/USD, GRT/USD, STX/USD, TURBOS/USD, GLMR/USD, WEMIX/USD, MTR/USD, KSM/USD, RUNE/USD, MKR/USD, ARKM/USD, SUSHI/USD, SEI/USD, WLD/USD, IDEX/USD, MNDE/USD, MNT/USD, VELA/USD, and EOS/USD","Other Updates","Gelato Web3 Functions for the Pyth Price Feeds","ZeroLend Open Source Pyth x Gelato Integration","Pyth in Person","Pythians are now official Silver Partners of Token2049 in Singapore","Online Events","Podcast with Unchained: Mike Cahill presents Douro Labs","Webinar with Digital Asset Research: Real-world Utility and Assets.","Space with Arbitrum: High-Throughput DeFi","Space with Liquity: All Things Oracles","Space with LogX: Trading on Mantle","Space with Lendle: Lending on Mantle","Space with Lendle #2: DeFi on Mantle","Space with Quiver: Unlocking DeFi with Financial Data","Space with WispSwap: DeFi on Sui","Happy Birthday, Pyth Network!","Pyth Quests are now live on Zealy!","Pyth “Did You Know?”","Pyth versus Legacy Oracles","The World #PoweredByPyth","100+ DeFi(Llama) Integrations","300% Growth","High-throughput DeFi","Pyth Benchmarks—Explained by Thales!","Pyth Price Feeds Blog: DeFi Tokens Edition","Pyth Price Feeds Blog: Stablecoins Edition","TradingView Pluggin #PoweredByPyth","Pyth en français!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-august-2023"},"/blog/new-pyth-data-provider-cetus":{"version":1,"title":"New Pyth Data Provider: Cetus - Blog - Pyth Network","description":"Cetus DEX joins Pyth Network, providing real-time price data for Aptos & Sui tokens to boost Web3 market coverage and Move DeFi growth.","keywords":"","h1":["New Pyth Data Provider: Cetus"],"h2":["What is Cetus?","Discover More"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Cetus DEX joins Pyth Network, providing real-time price data for Aptos & Sui tokens to boost Web3 market coverage and Move DeFi growth.","Data Providers","Sep 7, 2023","We’re sounding off the whale alert. Cetus, a leading DEX and concentrated liquidity protocol built on the Sui and Aptos networks is joining the Pyth Network’s data provider community. The Cetus DEX will contribute its real-time price data for Aptos and Sui-native tokens to enhance the digital assets coverage of the Pyth Network. This expansion will accelerate the growth of Web3 markets, and especially the Move DeFi ecosystem.","Cetus is a pioneer DEX and concentrated liquidity protocol built on the Sui and Aptos blockchain.","The mission of Cetus is to build a powerful and flexible underlying liquidity network to make trading easier for any users and assets. Cetus focuses on delivering the best trading experience and superior liquidity efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate interoperable functional modules","Cetus DEX has already processed close to $500M in trading volume while having ‘only’ $10M in value locked in the protocol","“A data publisher from the DEX market is indispensable for a trusted blockchain oracle”, said Henry Du, Co-founder of Cetus. “Cetus is happy to publish its DEX-based price data for Pyth in the long term to jointly support the DeFi community in emerging ecosystems, and push forward the decentralization progress together.”","“We're pleased to have Cetus, the leading DEX protocol on Aptos and Sui, joining the Pyth Network to contribute its protocol market data,” said Marc Tillement, Director, Pyth Data Association. “As a leading oracle for DeFi applications, it is paramount to onboard as publishers those who can provide high-quality on-chain assets. With Cetus as the newest publisher, it will bolster the Pyth Network’s ability to further support and add Aptos and Sui-related assets including liquid staked tokens.”","Creators and owners of market data such as Cetus are vital to the Pyth Network. The network’s data provider community plays a crucial role in providing reliable and robust price data to support the financial needs of global blockchain participants.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Cetus","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cetus"},"/blog/new-pyth-data-provider-blocksize":{"version":1,"title":"New Pyth Data Provider: BLOCKSIZE - Blog - Pyth Network","description":"BLOCKSIZE joins Pyth Network, delivering institutional-grade crypto market data directly on-chain for enhanced digital asset price feeds.","keywords":"","h1":["New Pyth Data Provider: BLOCKSIZE"],"h2":["What is BLOCKSIZE?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","BLOCKSIZE joins Pyth Network, delivering institutional-grade crypto market data directly on-chain for enhanced digital asset price feeds.","Data Providers","Sep 7, 2023","When size is size! BLOCKSIZE, a top-tier provider that offers institutional-grade, compliance-focused data solutions, has joined the Pyth Network’s data provider community. BLOCKSIZE will publish its unique crypto market data directly on-chain to strengthen the Pyth Network’s digital assets price feeds offering.","BLOCKSIZE enables financial institutions to embrace the transformation of digital asset markets through its market data, consulting, and software services.","BLOCKSIZE offers bank-grade crypto price feeds, compliant staking infrastructure for banks inside their own data center, nodes for several different blockchains and oracle networks, custom-designed oracles for financial data providers, and consultancy support using blockchain and financial experts.","BLOCKSIZE is headquartered in Germany and brings German excellence in engineering, compliance, and stability to its customers.","“Our reputation for providing quality market data that meets regulatory standards is unparalleled — this holds for both on-chain and off-chain data delivery,” said Dr. Axel Lode, Head of Decentralized Finance at BLOCKSIZE. “We are excited that BLOCKSIZE joins the reputable club of data publishers in the Pyth Network. Pyth’s commitment to delivering reliable data aligns perfectly with BLOCKSIZE’s values, and we believe that together, we can take the Pyth data feeds’ quality to new heights by adding BLOCKSIZE’s contribution.”","\"Whilst Pyth has managed to onboard some of the largest trading firms and exchanges globally as publishers to the network, continuously expanding our blockchain infrastructure and crypto engineering expertise is of paramount importance for continued success,” said Marc Tillement, a Director of the Pyth Data Association. “It is with that context, that we are super excited to welcome BLOCKSIZE, an institution that not only can provide unique data to bolster Pyth feeds but also understands how to reliably manage critical infrastructure like oracle networks”","Creators and owners of market data such as BLOCKSIZE are vital to the Pyth Network. The network’s data provider community plays a crucial role in providing reliable and robust price data to support the financial needs of global blockchain participants.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about BLOCKSIZE","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-blocksize"},"/blog/adaptive-pricing-for-decentralized-trading-with-hmx-on-arbitrum-i-pyth-case-study":{"version":1,"title":"Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight - Blog - Pyth Network","description":"HMX: A decentralized perpetual protocol on Arbitrum, achieving $2B+ trading volume with innovative cross-margin and multi-asset support.","keywords":"","h1":["Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight"],"h2":["Features","Approach to Incentivization","Powering HMX with Pyth Price Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","The Best of DeFi and CeFi with C3 | Interview","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","HMX: A decentralized perpetual protocol on Arbitrum, achieving $2B+ trading volume with innovative cross-margin and multi-asset support.","Consumer Highlights","Sep 6, 2023","HMX stands as a pioneering decentralized perpetual protocol operating on the Arbitrum network.","HMX is on a mission to craft a platform that boasts an unparalleled UX/UI design by championing cross-margin functionality and extensive multi-asset collateral support.","HMX has achieved no short number of notable milestones including $2B in traded volume and close to $1M in fees. The wide asset coverage and gas efficiency of Pyth Price Feeds enable HMX’s competitive product set, and therefore warrant a closer study. Let’s dive in.","At the heart of HMX is two distinct products:","Leveraged Trading (Cross-Margin Multi-Collateral Management)","Leveraged trading on HMX allows users to trade with up to 1,000x leveraged leverage across cryptocurrencies, FX, and commodities. HMX embraces various crypto assets as collateral, underpinned by cross-margin collateral support.","HMX offers the 'Adaptive Pricing' mechanism, designed to dynamically align long and short open interest. It accomplishes this by providing a more favorable entry price to orders that contribute to improving the open interest balance while offering less favorable prices to those that exacerbate the imbalance.","Leveraged Market Making","HMX also offers a product called HLP Vault for seamless market making. Users can deposit assets into the HLP vault to market make on both HMX and GMX simultaneously. Vault participation entails compounded yields from GMX and with additional fees from HMX, maximizing real yield generation for its depositors.","HMX has deployed a number of incentive programs to bootstrap activity:","Trade-to-earn campaign through Traders’ Loyalty Credit, distributes ~$230K of esHMX weekly to users based on their trading volume.","Open Position Incentive Rewards to enable “traders’ positions to work for them”, with esHMX rewards tied to active leveraged positions.","Protocol fees sharing and esHMX emission rewards to stakeholders (traders, LPs, referrers) based on how they participate in the platform.","The HMX trading engine and HLP vault leverage the Pyth Network’s low-latency pull oracle: more specifically, HMX’s Adaptive Pricing mechanism actively calls the Pyth Price Feeds to value assets and calculate the premiums or discounts to apply to trades.","If the quantity of long open interest surpasses that of short open interest, HMX applies a premium to the asset price. Conversely, if the short open interest exceeds the long open interest, the protocol applies a discount to the oracle price. The adjustment made through the Adaptive Pricing mechanism serves as an incentive or penalty for traders to initiate either long or short positions on the asset. This mechanism dynamically balances long and short open interests for HMX’s trading assets.","You can fully experience HMX and Pyth Network’s collaboration by visiting their website.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 27, 2023","Oct 6, 2023","Sep 21, 2023","Aug 16, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/adaptive-pricing-for-decentralized-trading-with-hmx-on-arbitrum-i-pyth-case-study"},"/blog/proof-of-work-layer-1-tokens-forging-trust-through-consensus-pyth-price-feeds":{"version":1,"title":"Proof-of-Work Layer 1 Tokens: Forging Trust Through Consensus | Pyth Price Feeds - Blog - Pyth Network","description":"Blockchain’s PoW tokens power decentralized networks, driving economic activity and rewarding network participation. Pyth Network values their role.","keywords":"","h1":["Proof-of-Work Layer 1 Tokens: Forging Trust Through Consensus | Pyth Price Feeds"],"h2":["Understanding Proof-of-Work Layer 1 Tokens","The Resilience of Proof-of-Work Tokens","Prominent Proof-of-Work Layer 1 Tokens Supported by Pyth"],"h3":["Bitcoin (BTC)","Ethereum Classic (ETC)","Litecoin (LTC)","Bitcoin Cash (BCH)","Zcash (ZEC)"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Blockchain’s PoW tokens power decentralized networks, driving economic activity and rewarding network participation. Pyth Network values their role.","Pyth Primers","Sep 14, 2023","Blockchain technology was born out of Proof-of-Work (PoW). And the tokens that secure these  PoW layer 1’s have come to signify security, decentralization, and resilience. Indeed, they are the driving economic force behind networks that rely on the energy-intensive PoW consensus mechanism. PoW layer 1's tokens enable participants to contribute to the network's operation while reaping rewards.","Pyth Network recognizes the significance of PoW layer 1's tokens in shaping the landscape of decentralized applications and digital finance. By providing accurate and reliable price feeds for these tokens, Pyth empowers developers to create custom markets and applications that leverage the strengths of PoW blockchains.","Proof-of-Work layer 1's tokens are the native currencies of blockchain networks that employ the PoW consensus mechanism. Unlike other consensus mechanisms, PoW relies on miners solving complex mathematical puzzles to validate transactions and add them to the blockchain. This energy-intensive process ensures network security and prevents malicious activities.","These tokens are more than just mediums of value; they represent the computational power and collective effort required to maintain the blockchain's integrity.","PoW tokens symbolize resilience and trust. The computational effort needed to mine these tokens requires a distributed network of miners who collaboratively secure the network. This decentralized approach to consensus ensures censorship resistance and prevents any single entity from controlling the network.","The energy-intensive nature of PoW also strengthens the immutability of the blockchain, making it extremely difficult to alter historical transactions. This instills confidence in users and stakeholders, as they can trust the accuracy of the ledger.","Bitcoin (BTC) stands as the pioneering PoW layer 1 token, marking the inception of blockchain technology. BTC serves as digital gold and a store of value, underpinned by the robust PoW consensus mechanism that secures the network and validates transactions.","Stay informed about BTC's market movements and value with Pyth's BTC/USD feed.","Ethereum Classic (ETC) maintains the original Ethereum blockchain, following a contentious fork. ETC's PoW-based security model ensures transaction integrity and decentralization, contributing to its role as a trusted blockchain platform.","Explore Pyth's ETC/USD feed to track ETC's value and market dynamics.","Litecoin (LTC) is often referred to as the \"silver to Bitcoin's gold.\" It employs PoW to validate transactions and secure the network. LTC's shorter block times and different hashing algorithm set it apart from Bitcoin.","Monitor LTC's price and developments through Pyth's LTC/USD feed.","Bitcoin Cash (BCH) emerged as a result of a Bitcoin hard fork, aiming to address scalability issues. BCH employs PoW for consensus, and its larger block size enhances transaction throughput.","Stay updated on BCH's price and market trends with Pyth's BCH/USD feed.","Zcash (ZEC) prioritizes user privacy by offering shielded transactions. Transactions can be transparent, similar to bitcoin transactions, or they can be shielded transactions which use a type of zero-knowledge proof to provide anonymity in transactions.","Explore Pyth's ZEC/USD feed to stay informed about ZEC's value and ecosystem.","The Pyth Network supports the PoW layer 1's tokens listed above and a handful of others. These price feeds enable developers and traders to access real-time and accurate price feeds.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/proof-of-work-layer-1-tokens-forging-trust-through-consensus-pyth-price-feeds"},"/blog/pyth-price-feeds-now-live-on-eos-evm":{"version":1,"title":"Pyth Price Feeds Now Live on EOS EVM - Blog - Pyth Network","description":"EOS Network’s Pyth Oracle now on EVM, boosting Solidity app development with unmatched performance and scalability. New price scheduler coming soon.","keywords":"","h1":["Pyth Price Feeds Now Live on EOS EVM"],"h2":[],"h3":["Pyth Network on EOS EVM","EOS Network","EOS EVM","EOS Network Foundation","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","EOS Network’s Pyth Oracle now on EVM, boosting Solidity app development with unmatched performance and scalability. New price scheduler coming soon.","Blockchains","Sep 12, 2023","Further strengthening our relationship with the EOS Network, the Pyth Network low-latency pull oracle is now available on EOS EVM for builders to take advantage of. An emulation of the Ethereum Virtual Machine, the EOS EVM is housed within an EOS smart contract. This enables Solidity developers to easily deploy applications on EOS, taking advantage of its unmatched performance and scalability.","The EOS Network Foundation will operate its own soon-to-be-deployed price scheduler. This will regularly update price feeds on-chain. The deployment enables EOS EVM dApps and developers to freely and seamlessly use Pyth Price Feeds to improve their user experience and application interoperability.","“As the Web3 landscape evolves, the importance of multichain applications is undeniable. To support this, it’s essential that builders are provided with tools to create interoperable dApps. By integrating Pyth into the EOS EVM, we're paving the way for developers to create seamlessly integrated cross-chain solutions” - Zack Gall, ENF CCO","The Pyth Network introduced an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on EOS EVM have permissionless access to any of Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","However, to facilitate and further bootstrap its growing ecosystem, the ENF has deployed and now operates its own price scheduler! This deployment enables any dApps building on EOS EVM to freely and seamlessly use the Pyth Price Feeds.","For more information about using Pyth data on EOS EVM, check out our documentation.","The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).","The EOS EVM is an emulation of the Ethereum network’s EVM, housed within an EOS smart contract. It offers feature parity to other EVMs in the space but with unmatched speed, performance, and compatibility. EOS EVM connects the EOS ecosystem to the Ethereum ecosystem by allowing developers to deploy a wide array of Solidity-based digital assets and innovative dApps on EOS. Developers can use EOS EVM to take advantage of Ethereum’s battle-tested open-source code, tooling, libraries, and SDKs while leveraging the superior performance of EOS.","The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open-source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the EOS EVM community, you will soon see many more tokens supported on the network as well as EOS EVM applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","EOS Network Website","EOS Twitter","EOS Discord","EOS Developer Docs","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-live-on-eos-evm"},"/blog/pyth-price-feeds-now-live-on-oen-horizen":{"version":1,"title":"Pyth Price Feeds Now Live on EON (Horizen) - Blog - Pyth Network","description":"Pyth Network’s low-latency oracle now on EON, a Horizen EVM platform. Real-time ZEN/USD price feed available across multiple blockchains.","keywords":"","h1":["Pyth Price Feeds Now Live on EON (Horizen)"],"h2":[],"h3":["Pyth Network on EON","Horizen","Pyth Network","Pyth Data Association","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s low-latency oracle now on EON, a Horizen EVM platform. Real-time ZEN/USD price feed available across multiple blockchains.","Blockchains","Sep 19, 2023","As part of a greater collaboration with Horizen, we’re delighted to reveal that the Pyth Network low-latency pull oracle is now available on EON, a fully EVM-compatible smart contracting platform built by Horizen. The Pyth Network is also set to launch its ZEN/USD price feed, which will become available on EON and more than 30 other blockchains.","Horizen Labs has deployed and will operate its own price scheduler to regularly update prices on-chain. This deployment enables Horizen EON dApps to freely and seamlessly use the Pyth Price Feeds.","\"Partnering with Pyth Network aligns with our mission to provide a secure and scalable ecosystem for decentralized applications,\" said Rob Viglione, Co-Founder of Horizen and CEO of Horizen Labs. \"By leveraging Pyth Network's specialized oracle solution, we can enhance EON's capabilities and offer developers the trusted market data they need to build innovative solutions for DeFi protocols.\"","“We’re excited to see the Pyth oracle and its 350 Price Feeds going live on Horizen EON — over the past year, zk solutions have been steadily growing in adoption and enabling DeFi to happen there is of first order,” said Marc Tillement, Director, Pyth Data Association. “As the leading oracle network on various Ethereum L2s and zk-chains, we look forward to seeing EON developers grasp the opportunity to be #PoweredByPyth and build the future of finance on-chain.”","The Pyth Network introduced an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on EON have permissionless access to any of Pyth’s 350+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","However, to facilitate and further bootstrap its growing ecosystem, Horizen Labs has deployed and now operates its own price scheduler! This deployment enables any dApps building on Horizen’s EON to freely and seamlessly use the Pyth Price Feeds.","To get started, check out the Pyth Network documentation.","Horizen is a layer 0 public blockchain that underpins the zero-knowledge network of blockchains powered by the largest node system and a massively scalable cross-chain protocol, Zendoo. Offering unparalleled tools for developers to custom-build private or public blockchains and dApps, Horizen features unmatched flexibility. EVM-compatible through its sidechain EON, developers building on Horizen enjoy complete freedom to customize their blockchains in terms of consensus, speed, privacy, and crypto-economies, without compromising decentralization.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","The Pyth Data Association is a Swiss association founded by Pyth Network participants to advance the development of the network. The Pyth Data Association is a contributor to the Pyth Network and helps facilitate protocol maintenance, ecosystem grants, and ecosystem development.","To learn more about the association, please visit this website.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the EON community, you will soon see many more tokens supported on the network as well as EON applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-live-on-oen-horizen"},"/blog/innovative-markets-and-community-governance-with-thales-i-pyth-case-study":{"version":1,"title":"Innovative Markets and Community Governance with Thales I Consumer Spotlight - Blog - Pyth Network","description":"Thales DeFi disrupts borrowing protocols with innovative on-chain markets, including Ranged Markets and community games. \n","keywords":"","h1":["Innovative Markets and Community Governance with Thales I Consumer Spotlight"],"h2":["Full Suite of Features","Governance and $THALES","Powering Thales with Pyth Price Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","The Best of DeFi and CeFi with C3 | Interview","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Thales DeFi disrupts borrowing protocols with innovative on-chain markets, including Ranged Markets and community games.","Consumer Highlights","Sep 21, 2023","Thales stands out from other DeFi protocols for one reason: it’s trying something new. In an era of yet another borrowing and lending protocol, Thales is breaking new ground. How, you might ask?","Thales is an oracle-based liquidity solution that enables a wide range of on-chain Positional Markets, powered by user-friendly smart contracts.","Beyond traditional up/down positions, Thales offers innovative products like Ranged Markets AMM, community games like Thales Royale, and pioneering SportsAMM and ParlayAMM solutions leveraging on-chain sports data.","Let’s dive in.","Thales is an Ethereum protocol that allows the creation of peer-to-peer parimutuel markets that anyone can join. This is the foundation for the following on-chain initiatives:","Parimutuel Markets","Thales breaks new ground with its Parimutuel Markets where collateral is pooled together, and winners share the pool after a market event. Whether it's two outcomes or many, the total pool (minus fees) is distributed among winners, making it fun and easy to grasp.","Custom Markets","Thanks to oracles providing off-chain data, any event can create a market if the outcome can be defined. From deadlines to competition winners or asset prices, the possibilities are endless, which means flexibility without excessive risk.","Tokenized Positional Markets","Thales enables users to engage in markets with two possible outcomes centered around a specific asset's Strike Price. Each Positional Market mints UP and DOWN tokens, 100% collateralized by USD. You can trade these tokens on the Automated Market Maker (AMM), and winning tokens can be redeemed at a 1:1 ratio.","Tokenized Ranged Markets","Ranged Markets revolve around Price Ranges rather than a single Strike Price. Instead of UP and DOWN tokens, Ranged Markets offers IN and OUT tokens representing exclusive outcomes. You can trade these tokens on the AMM and are redeemable for USD in a 1:1 ratio.","Speed Markets","Speed markets enable rapid positioning on short time frames and dynamic strike prices. Every position offers 50:50 odds, and Pyth Benchmark oracles provide real-time pricing data.","These innovative on-chain initiatives offered by Thales open the door to a more dynamic DeFi landscape with a range of markets to suit your preferences and trading style.","Thales illustrates the power of decentralized autonomous organizations (DAOs) in shaping the DeFi landscape. Governed by a trio of DAOs, the protocol thrives on community-led management.","Drawing inspiration from the successful Synthetix governance model, Thales has established a robust structure where each of the three core DAOs plays a distinct role.","The three DAOs include:","The Thales Council: Reviews and votes on community-submitted Thales Improvement Proposals (TIPs) to decide on protocol changes.","The Protocol DAO: Oversees code upgrades, releases, and operational security as directed by the Thales Council.","The Thales DAO: Allocates incentives to other DAOs, contributors, and community members, while safeguarding funds for platform security and stability.","With the help of Pyth Benchmarks, Thales’ Speed Markets operate in near real-time.","Traders select an asset, choose a direction (UP or DOWN), and specify a strike time based on their price predictions relative to the current asset price. Pyth Benchmark pull oracles play a pivotal role in validating these trades. By offering historically queryable prices updated every second with data from reputable first-party publishers, Pyth provides efficient risk management for intraday markets like Speed Markets.","You can fully experience Thales and Pyth Network’s collaboration by visiting their website.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 27, 2023","Oct 6, 2023","Sep 6, 2023","Aug 16, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/innovative-markets-and-community-governance-with-thales-i-pyth-case-study"},"/blog/perseus-network-upgrade":{"version":1,"title":"Perseus Network Upgrade - Blog - Pyth Network","description":"Pyth Network’s Perseus Upgrade boosts oracle performance with lower gas costs, faster speeds, and greater reliability via network architecture changes.","keywords":"","h1":["Perseus Network Upgrade"],"h2":["Background","Perseus Upgrade","Conclusion"],"h3":["Pull Architecture","Benefits","Security","Footnotes"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s Perseus Upgrade boosts oracle performance with lower gas costs, faster speeds, and greater reliability via network architecture changes.","New Products","Sep 20, 2023","The Pyth Network just launched the Perseus Upgrade, a major improvement to the oracle network. This upgrade significantly reduces gas costs for users, while also decreasing latency and enhancing reliability. These improvements stem from major changes to the network architecture. In addition to the benefits mentioned above, these changes create opportunities to launch new functionality and features. This blog post describes the upgrade and analyzes some of its benefits.","The Pyth Network aims to bring all of the world’s financial data on-chain for developers globally.  The ability to process thousands of transactions rapidly will be crucial for future DeFi systems. This requirement makes cost efficiency a critical imperative for DeFi primitives—especially price oracles, since they are the cornerstone of Web3 capital markets. The Perseus Upgrade represents a pivotal milestone in enhancing data accessibility to unlock high-throughput DeFi applications.","We’ll start with an overview of the Pyth Network’s architecture before explaining how the Perseus Upgrade makes the oracle’s price delivery cheaper and more accessible than before.","The Pyth Network launched its low-latency Pythnet Price Feeds last year. These feeds featured a novel permissionless “pull” mechanism, representing a fundamental change to oracle architectures. In contrast, most legacy oracles used a “push” mechanism: the oracle itself would continuously publish transactions to the blockchain that updated the on-chain price. This approach is not scalable, as the oracle must pay transaction fees for every update, so it becomes economically infeasible to support frequent updates of many price feeds on many blockchains.","The pull mechanism changes oracle economics to be highly scalable. The Pyth Network oracle generates a stream of signed price updates off-chain, and allows Pyth users to permissionlessly pull any of those prices on-chain. As a consequence, the Pyth data providers do not pay transaction fees, and thus the architecture can scale easily. In fact, the pull mechanism even enables the oracle to monetize by charging users a small fee every time they update the on-chain price.","Pythnet Price Feeds have grown tremendously since launch. The growth speaks to the needs of applications for high-frequency feeds, for many assets, on many blockchains. It now supports over 300 price feeds, updating once per second—Perseus lowers this to every 400 milliseconds—on over 30 blockchains. Major protocols have integrated these feeds, including Vela Exchange, Aevo, HMX and more.","Pythnet Price Feeds used the following pull architecture prior to the upgrade:","The backbone of the pull architecture is Pythnet, an application-specific blockchain operated by data providers. This blockchain is a Solana Virtual Machine (SVM) chain, but is independent of Solana mainnet-beta. Pythnet hosts several programs that perform different functions:","The Aggregation Program combines prices from data providers into a single aggregated price.","Wormhole is a cross-chain messaging protocol. The Pythnet feeds use this protocol to create the signed off-chain messages.","The Attester is the connection between the aggregation program and Wormhole. It reads price data from the aggregation program, formats it into messages, and sends them to Wormhole. In order to reduce the number of messages, the attester program batches 5 price updates into each message.","After the data is sent through Wormhole, it arrives at the price service. This web service provides a convenient HTTP API to retrieve signed price updates. Pyth Network users communicate with this API and submit the retrieved price updates to the Pyth contract on their blockchain. The Pyth contract verifies the signed messages and stores the contained price.","While this architecture has been effective, it is not optimal. There are two main problems, centered around the Attester:","The Attester batches 5 price updates into a single Wormhole message. This batch size is a compromise intended to reduce verification cost on target chains and Wormhole message rate. However, Pyth users cannot select which feeds are in each batch. As a consequence, users are often forced to submit multiple messages to the Pyth contract, incurring the Wormhole verification cost for each one. It’s quite rare for two of a user’s desired feeds are in a single batch—with a batch size of 5 and 300 feeds, the probability is 1/60.","The attester needs to be continuously “cranked” from off-chain. In order for Wormhole to send a message, the Wormhole contract must register a transaction. For various technical reasons, the crank can only be operated once per second per price feed, and cranking introduces variability in the timing between price updates.","The Perseus Upgrade is a significant change to the network that improves the path by which data flows from Pythnet to other blockchains, thereby fixing both of the problems above. The core change introduced by this upgrade is to eliminate batching, and instead allow users to group together any set of feeds into a single payload. To achieve this goal, the system constructs a Merkle tree of price updates, then signs the root of the Merkle tree using Wormhole.","A Merkle tree is a data structure for provably storing a collection of values. You create a merkle tree from a collection of items, e.g., [A, B, C, D], by hashing adjacent items pairwise to create a tree:","The topmost node of the tree is called the root. Its value uniquely identifies the collection of items. Furthermore, anyone can prove that their item is in the collection via a Merkle proof. The proof consists of the children of the nodes along the path from the item to the root. For example, to prove that A is in the tree above, the proof would be [A, B, hash(C, D)]. Given this path and the root, anyone can check that A is in the tree—simply compute hash(hash(A, B), hash(C,D)) and check that it equals the root. Furthermore, due to the cryptographic properties of hash functions, it is computationally infeasible for anyone to prove that another item is in the tree. For example, given an item E, there’s no way to construct a proof that E is in the tree above.","Merkle trees allow the new design to solve the batching problem. The protocol puts all of its current prices into a Merkle tree, then uses Wormhole to sign the root of the tree. Pyth users can then create a price update payload containing exactly the price updates they want. This payload includes the signed tree root, along with the Merkle proofs of each included price update. To verify the payload, the Pyth Network contract simply checks the Wormhole signatures on the root, then checks the Merkle proofs.","The Perseus Upgrade puts the Merkle tree computation into the Pythnet validator itself. The new architecture looks like this:","Everything before the aggregation program and after Wormhole are the same as before. However, the connections between those components has changed. Instead of the attester program with its crank, there’s a new program called the message buffer. This program stores a collection of messages (each of which holds arbitrary data) that should go into the Merkle tree. The aggregation program directly calls into the message buffer program every time the aggregate price is updated, and writes a price update message into the buffer. The Pythnet validator reads the messages in the message buffer at the end of every slot, computes a Merkle tree, and publishes the Merkle tree root to Wormhole. The validator also maintains an on-chain circular buffer of the Merkle tree contents (which will be needed to construct Merkle proofs later).","To pull an update on-chain, users first assemble an update payload. They take the Wormhole-attested Merkle root, select the price updates they want, then retrieve the corresponding data and Merkle proofs from Pythnet. They assemble all of this into a payload in a specific format that the Pyth contract understands.","If that process sounds a little complicated, well, it is. The Perseus Upgrade includes a new version of the price service called Hermes that does all this work for Pyth users. This service has the same API as the existing price service, but returns the new, more efficient payloads. Simply query its HTTP or Websocket API with the IDs of the price feeds you want, and it will do the rest.","The Perseus Upgrade brings several significant benefits to Pyth Network users.","Price updates cost less. Here’s the cost of updating a single price on the various supported ecosystems:","As you can see from the graph above, “Baseline” represents the gas cost of a single batch update, and “Perseus” represents the gas cost of a single Merkle tree update. Both numbers are represented as percentages of the cost of a single batch update to standardize the measurement across ecosystems. This graph shows that a single update is cheaper on every ecosystem except for Aptos [1]. EVM L2 costs have been split into two bars, one for the L2 gas, and one for the L1 fees (which typically represent the majority of the transaction cost on Ethereum L2s). The change in cost varies across ecosystems due to differences in how each one computes gas.","Price updates are even cheaper if you update multiple prices at the same time. The following graph shows the cost of updating five price feeds for the same ecosystems:","This graph shows a cost reduction of 50-80% across ecosystems with the Perseus Upgrade.","The cost reduction for multiple updates comes from the fact that transactions only have to verify one set of Wormhole signatures regardless of the number of updates. Hashing is relatively cheap compared to signature verification, so checking the Merkle proofs is not a major factor in the overall cost.","Price updates are faster and more frequent. The Pythnet validator publishes price updates once per slot, that is, every 400ms, which increases update frequency by 2.5x over the previous once per second speed. A faster update frequency also means lower average latency. Part of that reduction is from the increased update frequency, and the other part is from removing the attester and simplifying the whole pipeline.","Extensibility. The message buffer opens the door to publish new kinds of data, such as TWAPs and volatility. All we have to do is update the aggregation program to write the new message into the message buffer. From there, the validator will automatically put the message in the Merkle tree and make it verifiable on-chain.","The Perseus Upgrade was audited by Trail of Bits and Ottersec. The audit reports are available here.","The Perseus Upgrade is now live in mainnet. As a Pyth Network user, you can upgrade by simply changing your price service URL to point to Hermes instead:","Mainnet: hermes.pyth.network","Testnet: hermes-beta.pyth.network","You can also find the relevant documentation here. Try it out and let the Pyth contributors know what you think in the Pyth Network Discord.","A single update is generally cheaper because hashing is less expensive than processing a full batch of price updates; this is true on every chain except Aptos.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/perseus-network-upgrade"},"/blog/back-to-the-grind-newsletter-46":{"version":1,"title":"Back to the Grind | Newsletter #46 - Blog - Pyth Network","description":"Pyth Network newsletter returns monthly! Get mid-month updates & welcome Douro Labs, a new core contributor. Keeping it witty & informative.","keywords":"","h1":["Back to the Grind | Newsletter #46"],"h2":["Welcoming Douro Labs to the Pyth Network","Cheaper, More Accessible Price Data—The Perseus Upgrade","All Your Chains Will Be #PoweredByPyth","More Data, More Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network newsletter returns monthly! Get mid-month updates & welcome Douro Labs, a new core contributor. Keeping it witty & informative.","Newsletter","Sep 20, 2023","Long-time no see, Pythians! Our newsletter was on a brief hiatus as we reflected on a better way to deliver news to our community.","This autumn, we’re excited to revive the Pythiad, this time on a monthly basis. A mid-month comprehensive update will be our way of keeping our readers in the know while keeping things witty and pithy.","In late August, the Pyth Network welcomed Douro Labs as the newest core contributor to the Pyth Network.","Douro Labs is a cutting-edge blockchain infrastructure company that will focus on the acceleration and development of the Pyth protocol and ecosystem. More specifically, Douro Labs will propel the network to its next critical stage: a fully permissionless mainnet state and the deployment of on-chain governance.","“The Pyth Network is the fastest growing decentralized oracle, and is already becoming the go-to solution for modern DeFi applications that need cheap, lightning-fast, ultra-accurate pricing information,” said Mike Cahill, CEO of Douro Labs. “At Douro Labs, we are committed to accelerating the network’s continued growth and lifting up the next generation of DeFi apps […]”.","Douro Labs joins the Pyth Data Association and the diverse data provider community in bringing the world’s market data to every blockchain.","“As one of the founding institutional data providers on the Pyth Network, we are pleased to see the formation of Douro Labs as a dedicated blockchain infrastructure company,” said David Mercer, CEO of LMAX Group. “We look forward to supporting Douro Labs as it accelerates the development of this transformative and fundamental building block of the new financial infrastructure for both DeFi and TradFi.”","This is an important and symbolic step in the Pyth Network mission and we can’t wait to share more details on our community members can get involved. For more details, be sure to check the blog post and visit the Douro Labs website.","The Pyth Network has just launched the Perseus Upgrade, a major improvement to the oracle network.","This upgrade reduces gas costs by up to 50-80%, depending on the ecosystem, while enhancing reliability and decreasing latencies for users. These improvements are the result of major changes to the network’s architecture.","This upgrade eliminates batching in favor of allowing users to group together any set of price feeds into a single payload: the system constructs a Merkle tree of price updates, and then uses Wormhole to sign the root of the Merkle tree.","If you look at the graph above, you’ll see that “Baseline” represents the gas cost of a single batch update, while “Perseus” represents the gas cost of a single Merkle tree update. We standardize measurements by representing both numbers as percentages of a single batch update’s cost.","Speaking of batching, you can also see the cost of updating five price feeds for the same ecosystems. The graph below shows a cost reduction of anywhere from 50 to 80% thanks to the Perseus Upgrade:","To learn more about the Perseus Upgrade, please check out our blog post.","Pyth Price Feeds are now live on five new blockchain ecosystems.","Scroll, the long-awaited zk-powered chain, launched its Sepolia testnet earlier in August. Scroll is an EVM-equivalent zk-rollup to scale Ethereum by enabling faster, more efficient transactions. Pyth Network is already the oracle of choice for many other zk chains and L2 networks. Now that Pyth Price Feeds have launched on Scroll, you can look forward to more Scroll dApps benefitting from low-latency prices.","Stacks, the Bitcoin layer for decentralized apps and smart contracts, has also become #PoweredbyPyth. ALEX, Arkadiko Finance, Hermetica Finance or Zest are already integrating with Pyth Price Feeds. It’s good to visit our ancestral land.","Speaking of throwbacks, Pyth Price Feeds are now available on EOS EVM, an emulation of the Ethereum network’s EVM housed within an EOS smart contract. The EOS Network Foundation will soon operate its own price scheduler to regularly update price feeds on-chain for the benefit of the EOS EVM ecosystem.","Pyth’s low-latency pull oracle is now available on WEMIX, a high-performance EVM-compatible open-source protocol. The foundation has also deployed and operates its own price scheduler to regularly update prices on-chain. This deployment enables WEMIX dApps like Nile and WemixFi to seamlessly access Pyth price updates for free.","Gelato has launched its zkRaaS platform (zk-Rollup as a Service) in partnership with Polygon. You may remember he launch of Pyth’s Web3 Functions on Gelato, which enables dApps to create a decentralized automation network to update Pyth prices on-chain. The Pyth Network is now poised to make all 350+ price feeds available for developers launching their own zk-rollup!","As the new Spotify for on-chain financial data, the Pyth Network continues welcoming more data providers to provide comprehensive coverage of global assets.","In the past month, four new data providers have joined the network, each coming from a different background.","BLOCKSIZE is a leading provider that offers institutional-grade and compliance-focused data solutions to financial institutions. BLOCKSIZE will publish its unique crypto market data directly on-chain to enhance the Pyth Network's digital assets price feeds offering.","Radix, a well-known research firm in the trading industry, has partnered with the Pyth Network as a data publisher. Radix will provide its asset price data and industry knowledge to improve the reliability and coverage of Pyth Data Feeds.","Cetus is a pioneering DEX and concentrated liquidity protocol built on the Sui and Aptos blockchains. The Cetus DEX has already processed nearly $500 million in trading volume, while currently having approximately $10 million locked in the protocol. In addition, the Cetus DEX will provide real-time price data for Aptos and Sui-native tokens to expand the coverage of digital assets on the Pyth Network.","mrgn research, an integrative proprietary trading firm, has recently joined the Pyth Network's data provider community. As part of this collaboration, mrgn research will provide real-time price data for Solana-native tokens, enriching the data offerings of the Pyth Network, particularly within the Solana DeFi ecosystem.","Thanks to its committed data provider community, the Pyth Network released an astonishing 36 new price feeds in the past month.","These feeds include a wide range of assets such as FX (NOK and SEK), equities and ETFs (MSTR and HYG), as well as digital assets (BSV, BTR, DTUSD, FDUSD, GLMR, GRAIL, GT, HT, ICP, IMX, JITOSOL, LRC, MINA, MTR, NEON, OKB, PAXG, PENDLE, QNT, RDNT, RON, STETH/ETH, TAPT, TBTC, TURBOS, UMA, UNIBOT, USDP, VAI, VET, WBTC, XLM, ZEC, ZRX).","Another productive month for the network, to say the least.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/back-to-the-grind-newsletter-46"},"/blog/new-pyth-data-provider-nobi":{"version":1,"title":"New Pyth Data Provider: NOBI - Blog - Pyth Network","description":"NOBI joins Pyth Network! The crypto asset management platform will share data & integrate Pyth Feeds, boosting crypto transparency and accessibility.","keywords":"","h1":["New Pyth Data Provider: NOBI"],"h2":["What is NOBI?","Discover More"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","NOBI joins Pyth Network! The crypto asset management platform will share data & integrate Pyth Feeds, boosting crypto transparency and accessibility.","Data Providers","Sep 26, 2023","Today, we’re excited to welcome NOBI to the Pyth Network. NOBI is a prominent crypto asset management platform based in Indonesia. As part of the partnership, NOBI has committed to contribute its proprietary data to the Pyth Price Feeds and will also incorporate Pyth Feeds into its operations.","\"We are thrilled to partner with Pyth Network. This collaboration underscores our commitment to be an active participant in the crypto ecosystem,” said Lawrence Samantha, CEO at NOBI. “By integrating Pyth Network's real-time data, we are making sure that we not only consume the best data for our strategies but also actively contribute with the most accurate and real-time information. We look forward to working closely with Pyth Network to explore new avenues of innovation in the crypto space. Together, we will strive to make crypto ownership and usage more accessible, profitable, and practical for users worldwide.”","\"Partnering with NOBI perfectly aligns with our mission to provide secure and reliable data solutions to the crypto industry,” said Abhimanyu Bansal, Contributor, Pyth Network. “By bringing onboard NOBI’s price data, we can contribute to a more transparent and informed crypto ecosystem. This partnership is a significant step toward achieving our shared vision of a decentralized financial future.\"","NOBI is a crypto asset management platform based in Indonesia. The platform is dedicated to simplifying crypto adoption for individuals and institutions.","NOBI has gained recognition for its innovative approach to crypto adoption, making it easier for users to manage and utilize cryptocurrencies effectively. Their mission is to empower individuals and institutions with the tools they need to make informed decisions and optimize their crypto investments.","Creators and owners of market data, like NOBI, are essential to the Pyth Network. The network's community of data providers plays a critical role in supplying reliable and robust price data to meet the financial requirements of global DeFi participants.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about NOBI","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-nobi"},"/blog/pyth-the-spotify-of-crypto":{"version":1,"title":"A Spotify Streaming Model for Crypto and Financial Data - Blog - Pyth Network","description":"Napster disrupted music with free file sharing, challenging copyright. Spotify emerged, reshaping the industry and offering a new model.","keywords":"","h1":["A Spotify Streaming Model for Crypto and Financial Data"],"h2":["The Dawn of Digital Music","A Parallel in the Crypto World","Pyth Network: Taking a Cue from Spotify"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Napster disrupted music with free file sharing, challenging copyright. Spotify emerged, reshaping the industry and offering a new model.","Research","Sep 21, 2023","In the late 1990s, a revolution was taking place, and it brought free music to everyone. Napster upended the music industry by creating a platform where listeners freely shared digital music files—without regard for intellectual property rights. Suddenly, anyone could download any song ever recorded, for free.","This peer-to-peer (P2P) file sharing model for music couldn't last forever. Eventually, Napster was replaced by Spotify, which transformed the music landscape and benefitted both music consumers and intellectual property owners.","Today, the Web3 world is undergoing a similar transition led by the Pyth Network. In this blog post, we will delve into why the Pyth Network is poised to become the ‘Spotify of crypto and DeFi’.","In the early days of the internet, the concept of digital music was a new and exciting idea. When you purchased a CD, it was widely accepted that you had the freedom to do whatever you pleased with the digital files. In this context, anyone who bought a CD and shared it online essentially became a ‘Napster node’, providing free music for all!","However, this unrestricted freedom posed a significant challenge. The intellectual property owners, primarily the artists, weren’t getting paid. If artists couldn't profit from their creations because of these ‘Napster nodes’, why would they continue to produce music? The consequence was foreseeable: Napster faced a barrage of lawsuits and even spam attacks from record companies seeking to ‘poison the well’. The service was eventually forced to shut down.","Enter Spotify. Instead of acting as a middleman for music delivery, such as record stores and Napster users, Spotify introduced a direct streaming service. Users gained access to almost every song ever made for a nominal fee. This model not only significantly reduced distribution costs but also resulted in a surge in the amount of music being produced. The main difference is that Spotify acknowledged and rewarded the owners of the intellectual property.","Drawing parallels to the crypto industry, legacy oracles operate in a similar manner to Napster. They operate under the belief that all data across the internet is freely accessible. The main task for legacy oracles is to motivate node-runners to bring that data onto the blockchain. However, there is a fundamental issue with this approach: not all data is actually free.","Consider financial market data as an example. In 2023, the value of this data exceeded $6 billion. Traditional financial markets typically require expensive subscriptions to access price feeds for assets like equities, foreign exchange, and commodities.","Cryptocurrency markets are unique because CEX order book data is usually freely available and easily accessible. However, this dynamic will not last forever. Coinbase, for example, started charging for market data last year. When we look back at history, traditional exchanges did not charge for market data until about 15 years ago when they realized it was a profitable source of revenue. Nowadays, it constitutes a significant portion of their earnings as it is tailored and packaged to meet customer needs. It is inevitable that the same will happen to crypto data.","However, we are still witnessing legacy oracles scraping financial market data from the internet ‘for free’. This raises concerns that the data is either illegally scraped or outdated, rendering it untimely. In either case, the business model comes under scrutiny when considering the economics of market data.","Here's where Pyth Network comes into play, adopting a strategy similar to Spotify's. Instead of navigating through a web of intermediaries to source financial data, Pyth Network introduces a streamlined model. The network eliminates unnecessary intermediaries while ensuring that the actual content creators, or in this case, the data providers, are fairly compensated. This approach not only ensures data integrity but also provides traders—creators and owners of unique, valuable financial data—with a new opportunity to participate in the economics of data distribution.","Our data providers share the same vision as the greater Pyth Network community and the wider DeFi ecosystem: in order for Web3 and DeFi to grow, it is imperative to solve the oracle problem in a comprehensive and scalable manner. These data providers recognize that solutions before Pyth Network were incomplete and unlikely to scale to support multiple asset. Moreover, the Pyth oracle solution enables these data providers—trading venues and market participants in digital and traditional asset classes—to explore Web3 use cases at their own pace and direction.","Since its inception, the Pyth Network has witnessed consistent growth. On average, three new data providers have joined the network each month. To date, there are over 85 data providers, including some of the industry's most prominent player: Binance, Bybit, Wintermute, Cboe Global Markets, Optiver, and LMAX are just some of the household names. On the other side of the network, more than 200 applications are using the network’s price data to secure billions in smart contract value and trading volume.","They say history doesn't repeat itself, but it often rhymes. The shift from Napster to Spotify in the music industry provides a framework for addressing the current challenges in the crypto and DeFi sector. Pyth Network, with its innovative first-party data model, is making significant strides in revolutionizing how high throughput DeFi protocols access and utilize financial data. For both data creators and consumer applications, this is music to their ears.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-the-spotify-of-crypto"},"/blog/unlocking-the-power-of-liquid-staking-tokens-on-solana":{"version":1,"title":"Unlocking the Power of Liquid Staking Tokens on Solana | Pyth Price Feeds - Blog - Pyth Network","description":"Liquid staking tokens are transforming DeFi by unlocking liquidity and securing networks, especially on Solana. A key trend in decentralized finance.","keywords":"","h1":["Unlocking the Power of Liquid Staking Tokens on Solana | Pyth Price Feeds"],"h2":["Demystifying Liquid Staking Tokens","The Mechanics Behind Liquid Staking Tokens","Unlocking the Benefits of Liquid Staking Tokens","Navigating Liquid Staking Risks","The Solana Liquid Staking Ecosystem"],"h3":["Smart Contract Risk","De-Pegging Risk","Marinade (mSOL)","LIDO (stSOL)","JITO (JitoSOL)"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Liquid staking tokens are transforming DeFi by unlocking liquidity and securing networks, especially on Solana. A key trend in decentralized finance.","Pyth Primers","Sep 27, 2023","Over the past two years, liquid staking tokens (LSTs) have emerged as an important narrative in decentralized finance (DeFi).","These assets are freeing up liquidity while securing the network, making DeFi more versatile for traders and projects alike.","In this blog post, we delve into the realm of liquid staking tokens and show how they are reshaping the DeFi landscape and Solana in particular.","Liquid staking is a method of staking where holders get liquidity in the form of a derivative token while the staked assets continue to earn rewards.","Unlike conventional staking, LSTs allow you to secure the network through staking all while enjoying the freedom to deploy your derivative tokens in DeFi protocols, trade them on exchanges, or transfer them as you see fit.","Liquid staking tokens are derived from proof-of-stake (PoS) blockchains, such as Solana, Ethereum, Cosmos, or Aptos.","When you stake your tokens in a PoS network you contribute to network security and, in return, receive staking rewards, generated by the activity on the network (gas fees paid during a transaction) and sometimes more traditional inflation. However, this often results in a temporary lockup of your assets, which means you can’t use them elsewhere.","Enter LSTs which are a one-to-one representation of your staked tokens. These representations, often referred to as \"staking derivatives\" or \"liquid tokens,\" are backed by the underlying staked tokens and can be freely traded, lent, or used in a wide array of DeFi applications.","There are four primary benefits of liquid staking tokens:","Flexibility: Users can stake their assets for rewards while retaining the flexibility to engage in trading, lending, or providing liquidity within DeFi ecosystems.","Liquidity: Liquid staking tokens can be effortlessly traded on decentralized exchanges, enhancing overall liquidity within the ecosystem.","Diversification: Liquid staking tokens enable users to diversify their holdings and explore various DeFi strategies without sacrificing the rewards generated through staking.","As with any new innovation, liquid staking tokens are not without their risks. Users should be aware of the following considerations:","Liquid staking tokens rely on smart contracts which add another layer of vulnerability to DeFi positions. Due diligence and cautious exploration of reputable platforms are essential to mitigate this risk.","Liquid staking tokens, like all pegged assets, can be influenced by market forces and can deviate from their pegged value. Fortunately, these tokens can still be redeemed for the correct amount of their underlying asset, offering a safety net in case of de-pegging.","Marinade offers a simplified Solana staking experience with its automated strategy. Users can choose to stake SOL natively or opt for liquid staking with mSOL, all within a pool of 100+ high-performing validators. Additionally, native staking requires no smart contract interaction and offers automated delegation strategies.","As of today, mSOL has a market cap of $10M+.","Stay informed about mSOL's market movements and value with Pyth's mSOL/USD feed.","'Lido on Solana' presents a Lido-DAO-governed liquid staking protocol designed for Solana. Users can stake their SOL tokens and instantly receive stSOL. Users can enjoy liquidity, one-click staking, and decentralized security with assets spread across leading validators chosen by the Lido DAO.","Additionally, Lido is the most successful ETH-staked product and stSOL has a market cap of $80M.","Explore Pyth's stSOL/USD feed to track stSOL's value and market dynamics.","Jito is a unique liquid staking service that offers more than just traditional staking rewards. JitoSOL holders benefit from staking and also receive MEV rewards thanks to its exclusive partnership with top-performing validators.","Monitor JitoSOL's price and developments through Pyth's JITOSOL/USD feed.","Liquid staking assets on Solana represent an exciting development in the Solana DeFi space. Indeed, LSTs offer a perfect blend of staking rewards and liquidity. As the Solana ecosystem continues to evolve, these assets will play a pivotal role in shaping the future of decentralized finance. With Pyth Network's reliable price feeds, DeFi developers and traders can harness liquid staking assets for a seamless DeFi financial experience.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/unlocking-the-power-of-liquid-staking-tokens-on-solana"},"/blog/a-new-milestone-in-price-updates-with-c3-ios-successful-testnet-pyth-case-study":{"version":1,"title":"A New Milestone in Price Updates with C3.io’s Successful Testnet | Consumer Spotlight - Blog - Pyth Network","description":"Pyth Network & C3.io achieve high DeFi throughput with 5M+ oracle transactions.  Pyth delivers on-chain financial data for smart contracts.","keywords":"","h1":["A New Milestone in Price Updates with C3.io’s Successful Testnet | Consumer Spotlight"],"h2":["Features of a Hybrid DEX","Pyth Powering the Health Calculator"],"h3":["C3’s On-Chain Architecture","Cross-collateral Clearing Engine"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network & C3.io achieve high DeFi throughput with 5M+ oracle transactions.  Pyth delivers on-chain financial data for smart contracts.","Events","Sep 28, 2023","Today, we would like to celebrate a significant milestone for both the Pyth Network and C3.io, a hybrid self-custodial exchange focused on UX with the benefits of DEX.","C3.io has requested over 5.0 million Pyth Price Feed oracles-based transactions today, marking an accomplishment for high throughput DeFi.","Since the beginning, the Pyth Network has set out to bring all the world’s financial market data on-chain to empower smart contacts with data of unparalleled quality and accessibility. The C3.io testnet utilizes Pyth’s high-fidelity price feeds across multiple chains. C3.io offers 5 tokens at the moment, with more assets and unique trading pairs to come.","The platform has onboarded more than 30K users after launching its invitation-based testnet earlier this month, and we’re honored to have helped make this possible.","Let’s take a closer look at how these collaborative achievements are possible:","At its core, C3.io's architecture utilizes two pivotal smart contracts on the Algorand blockchain: the Cross-collateral Clearing Engine and the Health Calculator. Together, they ensure smooth settlements and risk assessment.","Serving as the backbone of C3.io, this contract oversees funds, trade settlements, withdrawals, and financial operations. The use of cryptographic methods for signature validation is essential to its functioning.","A Lending Pool is embedded within the protocol, catering to margin traders while also offering users an opportunity for yield generation. Interaction with this contract is restricted to the C3.io settlement key from the off-chain domain. Post off-chain activities, the contract processes transactions following user-signed instructions, ensuring legitimacy and account health using the Health Calculator.","The Health Calculator contract embodies C3.io’s on-chain risk assessment. It derives the health of all C3.io accounts by tapping into Pyth Price Feeds to establish the value of assets per account at ultra-low latencies. This integration ensures complete autonomy from off-chain risk computations.","In essence, C3.io mirrors off-chain logic on-chain to guarantee trustless, self-custodial functionalities. Every operation demands a user’s signature for on-chain validation and must be financially sound as determined by the Pyth-powered health calculations.","Currently, C3.io's testnet is invite-only. For more updates, you can join their Discord, Telegram, and follow them on X.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on X, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-new-milestone-in-price-updates-with-c3-ios-successful-testnet-pyth-case-study"},"/blog/pyth-network-whitepaper-version-2-0":{"version":1,"title":"Pyth Network Whitepaper | Version 2.0 - Blog - Pyth Network","description":"Pyth Network launches Whitepaper 2.0, detailing its new cross-chain price delivery model and on-chain governance for the permissionless mainnet.","keywords":"","h1":["Pyth Network Whitepaper | Version 2.0"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches Whitepaper 2.0, detailing its new cross-chain price delivery model and on-chain governance for the permissionless mainnet.","Events","Sep 28, 2023","Today, the Pyth Data Association releases the publication of the Pyth Network Whitepaper 2.0.","The new whitepaper presents the oracle network's new cross-chain model for price delivery, as well as the expected scope and responsibilities of the protocol's on-chain governance. The whitepaper is written to help the Pyth Network community govern the network after its transition to a permissionless mainnet stage.","This version introduces a number of developments that the first version did not cover. More specifically, Version 2.0 describes the network’s innovative “pull” oracle architecture for cross-chain price delivery, the Pythnet appchain for price aggregation and data broadcasting, and update fees paid by consumers to invoke price updates from the protocol.","The whitepaper also outlines the types of issues that on-chain governance will be responsible for, including the size and continuation of update fees, the reward distribution mechanism for data publishers, how publishers will be permissioned to contribute data to price feeds, and more.","It is important to note that this new whitepaper describes the current implementation and status of the Pyth Network. Accordingly, readers may notice that some concepts mentioned in the first whitepaper have changed or are now subject to the decision-making scope outlined for the future governance of the Pyth Network.","The Pyth Network has evolved significantly since its initial launch on Solana mainnet-beta two years ago. There will be many important upcoming discussions for the Pyth Network such as staking and slashing, the introduction of new network participants on top of publishers and consumers, and the purpose and structure of cross-chain update fees. The community will be able to bring these important ideas to governance.","The Pyth Data Association and other network participants will help initiate the Pyth Network DAO. This new structure will empower the broader community to actively participate in shaping the growth and direction of the Pyth Network securely and effectively.","You can read the Pyth Network Whitepaper 2.0 here.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-whitepaper-version-2-0"},"/blog/pyth-monthly-update-i-september-2023":{"version":1,"title":"Pyth Monthly Update I September 2023 - Blog - Pyth Network","description":"September saw Pyth Network growth: new contributor welcome, oracle network upgrade, and governance initiatives launched. ","keywords":"","h1":["Pyth Monthly Update I September 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community and Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","September saw Pyth Network growth: new contributor welcome, oracle network upgrade, and governance initiatives launched.","Updates","Oct 5, 2023","“How smartly September comes in, like a racing gig, all style, no confusion” — Eleanor Clark","For some readers, September was ‘Back to school’ season or even ‘Back to the office’. For the Pyth Network contributors, the month was ‘business as usual’ and then some. We’ve welcomed a new contributor to the Pyth Network, launched an upgrade to the oracle network, and kicked off the first set of community awareness initiatives for Pyth governance.","We’re pleased to be joined by Douro Labs, a new core contributor and a cutting-edge blockchain infrastructure company focused on the development and acceleration of the Pyth protocol and ecosystem. It took them little time to deliver the Perseus Upgrade, a major improvement to the Pyth Price Feeds. This upgrade substantially reduces gas costs for users while decreasing latency and enhancing reliability.","The community has expressed their excitement for Douro Labs to propel the network to permissionless mainnet and deploying on-chain governance. Shortly after these announcements, the Pyth Data Association published the Pyth Network Whitepaper Version 2.0.","September was also a big month of crypto conferences. We shook hands with Pythians all around the world from Singapore (Token 2049) to Austin (Permissionless II), New York (Messari Mainnet) to Berlin (Solana Hacker House). If you couldn’t travel, no worries. You can catch Mike Cahill and Jayant Krishnamurthy speaking on all things oracle-related in a torrent of new podcast episodes and online shows.","New dApps Using Pyth","C3, the hybrid exchange with the benefits of both CEXs and DEXs","Rolla Finance, a next-gen crypto prediction market on Polygon","Aeroscraper, an interest-free and governance-free protocol for crypto asset liquidity","Layer Bank, a money-market protocol built on Linea","Pike Finance, an upcoming universal liquidity protocol available across EVM and SVM chains","Fringe Finance, a multi-chain borrow-lending platform","Lulo Finance, a peer-to-peer orderbook based lending and borrower platform","HMX, a perp DEX with cross-margin and multi-asset collateral support on Arbitrum","Mendi Finance, a peer-to-peer decentralized liquidity protocol on Linea","DeFi Partner Updates","Gelato zk-Rollup as a Service (zkRaaS) will become #PoweredByPyth","Vela, a leading DEX on Arbitrum, has expanded to Base","LEXER, a multi-asset perps DEX on Arbitrum, is coming in hot with LEXER V2","Thales, a positional markets protocol, has integrated Pyth across its suite of products","Helix, the leading DEX on Injective, is proudly #PoweredByPyth","Reax, an Open Derivatives Infrastructure on Mantle, reached $10M in trading volume","Gambit, a next-gen perps exchange on zkSync, is now live on mainnet","Data Provider Updates","NOBI, a prominent crypto asset management platform based in Indonesia","BLOCKSIZE, a top-tier provider that offers institutional-grade, compliance-focused data solutions","Cetus, a leading DEX and concentrated liquidity protocol built on the Sui and Aptos networks","Major Updates","Perseus Upgrade: Pyth Price Feeds are now 50-80% cheaper for ecosystem participants","Pyth Network Whitepaper V2","New Blockchains","Horizen, EON","EOS EVM","New Price Feeds","TRX/USD, ENJ/USD, GRT/USD, MANA/USD, PENDLE/USD, ICP/USD, NEON/USD, RDNT/USD, ZEC/USD, GT/USD, HT/USD, FDUSD/USD, JITOSOL/USD, UNIBOT/USD, OUSD/USD, PAXG/USD, WBTC/USD, RPL/USD,","Pyth in Person","Mike, CEO of Douro Labs, presents on the Pyth Effect @ Token 2049","Jayant, CTO of Douro Labs, on the Validated Podcast","Jayant on the Ryze Labs Podcast","Daniel, Engineer at Douro Labs, presents on Pyth in the Wormhole Case Study Feature","Daniel leads a workshop at All For Staking","Marc, Director of the Pyth Data Association, presents at the Solana Hacker House in Berlin","Online Events","Workshop: Pyth on Linea","Webinar: Pyth joins DAR and Wisdom Tree to talk Tokenization","Space with Turbos Finance: Hyper-efficient DEX designs and high-throughput DeFi","Space with Tsunami Finance: From Aptos to Mantle","Space with CoChilli: Binary Options on Base","Discord Townhall with Foxify: A Foxy AMA","An Odyssey brought to you by Zealy. Pyth made history on the Zealy boards too","A Pythian World","Wishing everyone a happy Mid Autumn Festival","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-i-september-2023"},"/blog/beginners-guide-to-a-smart-contract-security-audit":{"version":1,"title":"A Beginner's Guide to a Smart Contract Security Audit - Blog - Pyth Network","description":"Smart contract security audits are crucial for protecting your decentralized applications. This guide provides a beginner’s approach to ensure safety.","keywords":"","h1":["A Beginner's Guide to a Smart Contract Security Audit"],"h2":[],"h3":["What is a Smart Contract Security Audit?","Why is it Important?","Manual vs. Automated Auditing","How to Perform a Security Audit","Collecting Models of Code Design","Run Unit Tests","Select Auditing Approach","Drafting the Initial Report","Publish the Final Audit Report","What are the Key Vulnerabilities?","Ways to Improve Security","Make Smart Contracts More Secure"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Smart contract security audits are crucial for protecting your decentralized applications. This guide provides a beginner’s approach to ensure safety.","Pyth Primers","Oct 6, 2023","Smart contracts play a crucial role in the DeFi ecosystem, but it is vital to verify that they function as intended. Despite being self-executing, smart contracts are not immune to security vulnerabilities. Therefore, it is advisable to establish a process for conducting smart contract security audits. But how do you begin with a smart contract security audit, and what does the process entail?","In this guide, we will explain the significance of smart contract security audits and provide a step-by-step process for conducting one for your DeFi application.","Smart contracts have become a crucial component of blockchain technology. While they may seem simple, smart contracts play a vital role in transparent DeFi applications and blockchain-based services. As you may already know, smart contracts are self-executing programs that are triggered when certain conditions are met. This functionality ensures the smooth operation of blockchain services. However, it is important to note that deploying these contracts can also expose security vulnerabilities.","A smart contract security audit is a process that assesses the security and reliability of a smart contract. Conducting a thorough audit helps minimize the risks, vulnerabilities, and potential losses that may arise from a security breach after deploying a smart contract. Given that smart contracts are immutable and cannot be reversed, it is crucial to minimize security risks and have an actionable audit in place.","A smart contract security audit generally involves analyzing the code to identify potential bugs, security weaknesses, and flaws that could be exploited by an attack. In this guide, we will delve into the importance of smart contract security audits, key vulnerabilities, and how to address them.","The reality is that smart contracts enable millions of dollars worth of transactions every day. DeFi applications and blockchain services depend on smart contracts to automate these transactions while maintaining the transparency associated with blockchain technology.","However, the immutable nature of the blockchain highlights the significance of smart contract security. With that in mind, let's explore some of the key reasons why smart contract security audits are crucial:","Accuracy — As mentioned, transactions on the blockchain are not reversible. Smart contracts must be executed with utmost accuracy. When a smart contract transaction has a security flaw, it can result in issues with the transaction or even millions of dollars being lost due to hacking.","Closing vulnerabilities — Security audits not only ensure the accuracy of smart contract transactions but also help prevent attacks by identifying potential entry points and vulnerabilities that hackers could exploit.","Stay updated on new threats — The blockchain is constantly evolving, with new technologies being implemented regularly. Additionally, security threats and techniques to exploit vulnerabilities are also evolving. Conducting regular security audits helps your team stay informed about these threats and continuously reassess current security requirements.","Compliance - Regular security audits not only help teams demonstrate compliance but also build trust with stakeholders and users. By conducting regular smart contract security audits, a team showcases its commitment to the security of its network.","In the broadest sense, two different types of audits can be conducted - manual or automated security audits. Each type has its own set of pros and cons.","During a manual smart contract security audit, auditors need to carefully examine each line of code and identify any problems or vulnerabilities. Manual security audits can be more comprehensive as auditors can also identify other code-related issues, such as optimization problems, in addition to security flaws. However, manual audits require a significant amount of time and resources, and conducting them regularly is not as convenient.","On the other hand, automated auditing utilizes bug detection software to identify bugs and security issues. This approach allows for faster audits and more regular security updates. However, automated software has limitations in terms of the scope of what it can search for and identify, which means that some issues may go unnoticed.","An ideal way to conduct security audits might be a combination of these two approaches. Regular automated audits can be conducted to ensure smooth operation, while less frequent manual security audits can provide a more comprehensive overview of your smart contract code.","Whether you choose a manual or an automated security audit approach, there are certain steps that you can take during a typical audit process. Here are some steps you might take if you’re performing a security audit:","The first step in conducting a smart contract security audit typically involves collecting code design models. Auditors will compile code specifications and examine the project's architecture to gain a better understanding. This allows them to identify potential vulnerabilities and weaknesses that may arise when integrating third-party smart contracts.","During the collection phase, auditors can review the documentation and code base of the smart contracts. They will also analyze the functions, variables, and other interactions when the smart contract is executed. This collection process may be performed manually or with the assistance of automated tools. Regardless, it helps auditors comprehend the contract's functionality, making it easier to identify common security risks.","Of course, auditors will also need to test each function of the smart contract. Unit tests involve creating test cases to identify potential vulnerabilities and bugs that attackers could exploit.","This process can be done manually or with automated tools, often using a combination of both. Manual audits allow auditors to carefully analyze different test scenarios and uncover security flaws that may be missed by automated tools. The automated tools, in turn, help ensure that nothing is overlooked during the manual process.","When conducting a smart contract audit, it is important to take a thorough approach. Running unit tests using both manual and automatic tools will minimize the risk of leaving any security vulnerabilities undetected. It is crucial to leave no stone unturned.","As discussed, manual and automatic auditing approaches have their advantages and disadvantages. However, it is generally agreed that manual auditing is the preferred approach due to its thorough nature. While automated tools can be helpful, their limitations make manual audits the best approach for now.","Relying solely on software increases the risk of missing potential security issues. It is important to identify any security risks before they result in financial losses or execution errors in smart contracts. Manual auditors can detect more complex attacks, such as front-running, which automated software may overlook. Although manual audits may require more time and effort, the peace of mind and protection against security flaws make the hands-on approach worthwhile.","Once the security audit is complete, the auditors will draft an initial report that breaks down every code flaw and vulnerability they discovered. This report should summarize the potential risks that need to be addressed, and it is then passed on to the programmers. In some cases, the audit team may even handle these risks themselves.","After filing the initial report, the team will proceed to fix all the errors that were found. They will carefully review the report and make the necessary adjustments. Finally, they will conduct a final sweep to ensure that none of the suggestions were overlooked. The initial report is crucial for a smart contract security audit as it ensures that the issues are addressed and potential exploits are mitigated before they become problematic.","Once all the bugs and vulnerabilities identified in the initial report have been addressed, the final report can be published. This final audit provides a documented and comprehensive overview of all the security improvements made to your smart contract processes.","Typically, you will share the final audit report with the project team and stakeholders. This demonstrates the steps taken to resolve security vulnerabilities and shows your commitment to security. The final audit report promotes transparency and accountability, reassuring stakeholders that you regularly assess security risks and take appropriate actions.","Having the final audit report allows businesses to move forward with confidence, knowing that their smart contract is robust, secure, and ready for deployment.","When it comes to smart contract security, it is crucial to be aware of the key vulnerabilities that can put your contract at risk.","Here are some of the most common security vulnerabilities for smart contracts:","Reentrancy Attack — One of the most common and damaging vulnerabilities in smart contracts is the reentrancy attack. In this type of attack, a hacker can exploit a loophole in the code of a smart contract to repeatedly make external calls to an untrusted contract. By doing so, the attacker can use a malicious contract to call back to the original function and manipulate the flow of funds, potentially stealing significant amounts of assets.","Timestamp Vulnerabilities — Miners, who have control over the execution environment for smart contracts, can manipulate timestamps to influence the execution of a smart contract. This vulnerability is particularly exploitable when the terms of a smart contract are time-dependent. Miners can adjust the timestamps to execute the smart contract in a way that benefits them.","Random Number Vulnerability — If a smart contract utilizes a random number generator that is derived from publicly available seed numbers, an attacker may be able to predict the generated random number and exploit the smart contract.","Function Visibility — Function visibility is a common coding mistake that can occur when coding in the Solidity programming language. If a developer forgets to define the visibility of a function as private, Solidity will default to public visibility. This vulnerability exposes the function and allows any external attacker unauthorized access to manipulate the execution of the smart contract.","Human Recognition - It is important to be able to differentiate between humans and contracts. Failing to do so can have unintended consequences. Ensure that your smart contract code can accurately determine whether the caller is a human or a contract.","Spelling — Even something as seemingly minor as a spelling mistake in a constructor can have significant consequences. A misspelled constructor can result in a function being unintentionally set as public, exposing it to potential attackers.","To conduct a comprehensive smart contract security audit, it is crucial to be aware of these key vulnerabilities. By understanding these vulnerabilities, you can take the necessary steps to enhance the security of your contract and safeguard it against potential exploits. It is recommended to include a systematic process for identifying these vulnerabilities, particularly during a manual audit. By highlighting potential issues, your audit team can focus their search and uncover the most common and harmful security vulnerabilities that your smart contracts may be susceptible to.","Security is always a top priority for any technology. However, since smart contracts are self-executing, it is crucial to be particularly thorough with the code and ensure that your security measures are top-notch. To address vulnerabilities and maintain trust in your protocol, there are several steps you can take to keep your security up to date. Here are some of the best ways to improve security:","Conduct regular audits — It is important to regularly conduct audits to continually reassess your security needs and identify any new vulnerabilities in your smart contract protocol.","Define your auditor team — If you have a sufficiently large team, define roles and assign responsibilities for conducting regular audits. Consider providing training to team members who lack experience in smart contract audits, or hire individuals with smart contract auditing experience.","Consider hiring an auditing firm — Training someone for auditing or finding someone with auditing experience may not always be feasible, so it is worth considering hiring an auditing firm for an external review of your smart contracts. A smart contract auditing firm can provide a thorough assessment of your security risks and help you address any vulnerabilities promptly. While this option may incur additional costs, the savings from avoiding security exploits will make it a worthwhile investment.","Ensure reliable data for your contracts — Well-written code is essential for smart contract security, but it is equally important to ensure that your smart contracts have access to reliable market data. Without access to low-latency market data, your smart contracts may not function correctly.","Improving the security of your smart contracts should always be a top priority. This not only instills trust in your stakeholders but also ensures that your protocol functions properly.","One critical aspect that underpins the accuracy and reliability of smart contracts is access to dependable market data. Smart contracts rely heavily on data to function as intended. Without real-time, high-quality data, the execution of your smart contracts might fall short of expectations. If you require reliable and secure data to connect to your smart contract applications, oracle solutions like the Pyth Network can assist you.","One of the most crucial elements for accurate smart contract execution is the availability of reliable market data. However, if that data is compromised, your smart contract application is once again in danger of being exploited. The oracle data source you choose must be secure and its outputs should not be easily manipulable.","The Pyth Network provides a solution to address this challenge. Pyth Price Feeds are cost-effective, low-latency, high-fidelity price feeds for smart contract applications. These feeds reflect the most up-to-date price data sourced from reputable institutional and decentralized sources. The Pyth protocol is also open source and audited. By integrating oracles like Pyth Price Feeds into your application, you can significantly enhance the security, efficiency, and overall effectiveness of your smart contract protocols. You can explore the Pyth Network documentation here.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/beginners-guide-to-a-smart-contract-security-audit"},"/blog/pyth-price-feeds-are-live-on-shimmerevm":{"version":1,"title":"Pyth Price Feeds are Live on ShimmerEVM - Blog - Pyth Network","description":"Pyth oracles now live on ShimmerEVM, offering 350+ price feeds for EVM-compatible smart contracts, boosting scalability and speed.","keywords":"","h1":["Pyth Price Feeds are Live on ShimmerEVM"],"h2":[],"h3":["Pyth on ShimmerEVM","IOTA","Shimmer","Pyth Network","Pyth Data Association","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now live on ShimmerEVM, offering 350+ price feeds for EVM-compatible smart contracts, boosting scalability and speed.","Blockchains","Oct 10, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on ShimmerEVM mainnet. The ShimmerEVM chain is the first fully EVM-compatible smart contract chain on the Shimmer network that enables scalable, fast and secure processing of smart contracts.","Developers on ShimmerEVM can now access Pyth’s 350+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency. The Pyth Network has also launched its SMR/USD price feed, which is available on ShimmerEVM and more than 35 other blockchains.","The Pyth Network introduced an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on ShimmerEVM have permissionless access to any of Pyth’s 350+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","Deepr Finance is a protocol that enables users to lend and borrow digital assets without the need for intermediaries. Deepr Finance has integrated Pyth’s low-latency pull oracles to value assets and ensures that user positions and the overall protocol remain healthy.","Virtue Money is a decentralized borrowing protocol that allows you to draw vUSD interest-free loans against SMR. Thanks to Pyth Price Feeds and the Pyth SMR/USD Price Feed, Virtue can continuously value user positions and health and trigger liquidations on loans when necessary.","LendeXe is a decentralized liquidity market protocol that provides two types of loans and a native stablecoin. #PoweredByPyth, LendeXe will be able to ensure that all users’ positions remain healthy.","The IOTA Foundation is a global non-profit foundation that develops next-generation decentralized technologies for a new digital economy in a connected world. It redesigns the way people and devices connect to share information and value, removing middlemen. The Foundation collaborates with a global ecosystem and partners to research and develop technologies that deliver sustainable, real-world impact. Together, they are shaping a new digital economy, removing unnecessary friction and unlocking human potential.","At the heart of the Foundation's mission is the Tangle, its open, feeless, and highly scalable distributed ledger. Designed to support frictionless value and data transfer, the Tangle is a DLT infrastructure for Web3 applications and digital economies. Unlike blockchain alternatives, the Tangle allows transactions to be added in parallel; it also boasts low resource requirements, as well as zero-fee and fast transactions with finality within seconds. The IOTA token is the native currency on the IOTA network. It is used to transfer value and data and enable feeless micro-payments.","Shimmer is the official L1 staging and validation network of the IOTA distributed ledger technology (DLT). It is a rapid innovation playground with short development cycles, allowing developers to build applications and use features that are not yet available on the IOTA mainnet.","Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture.","Shimmer ensures interoperability and composability of L2 smart contract chains and is capable of connecting any type or flavor of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for minting and transfer of native assets without middlemen or crippling gas fees.","$SMR is the native token of the Shimmer network and serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Users of Shimmer use the $SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 35 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","The Pyth Data Association is a Swiss association founded by Pyth Network participants to advance the development of the network. The Pyth Data Association is a contributor to the Pyth Network and helps facilitate protocol maintenance, ecosystem grants, and ecosystem development.","To learn more about the association, please visit this website.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Shimmer community, you will soon see many more tokens supported on the network as well as Shimmer applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-are-live-on-shimmerevm"},"/blog/drift-protocol-revolutionizing-decentralized-derivatives-i-pyth-case-study":{"version":1,"title":"Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight - Blog - Pyth Network","description":"Drift Protocol leverages Solana’s speed & low fees for innovative decentralized perpetual swaps. A case study analyzing its success.","keywords":"","h1":["Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight"],"h2":["The Solana Advantage","Drift V1: Redefining Automated Market Making","Drift V2: Evolution and Innovation","Notable Achievements","Drift is #PoweredByPyth: Ensuring Data Integrity"],"h3":[],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","The Best of DeFi and CeFi with C3 | Interview","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Drift Protocol leverages Solana’s speed & low fees for innovative decentralized perpetual swaps. A case study analyzing its success.","Consumer Highlights","Oct 6, 2023","In the world of decentralized derivatives, Drift Protocol emerged as a disruptor on Solana. This case study explores Drift's journey from its inception to its latest iteration, before analyzing how Pyth Price Feeds enabled Drift’s success as an innovative perps protocol.","Drift's decision to build on Solana was driven by the blockchain’s low-latency block times and high bandwidth. This in turn enables rapid settlement times with minimal transaction fees. More specifically, Solana’s sub-second block time enables precise oracle data integration, a vital component for accurate margin value calculations, PnL updates, and real-time liquidations.","In November 2021, Drift V1 launched with the aim of revolutionizing the virtual automated market maker (vAMM) concept.","It introduced the dynamic automated market maker (DAMM), offering guaranteed liquidity, minimized slippage, and an exceptional trading experience. Within six months, Drift V1 garnered over 15K users and facilitated a trading volume close to $10 billion.","During this rapid growth phase, Drift released its limit order feature. This development is powered by a hybrid decentralized order book (DLOB) model that settles trades against Drift’s DAMM.","Drift also launched Maker Orders which allow users to provide liquidity to the exchange actively. This feature enabled users to become ‘market makers’ and in return, earn exchange spreads and limited-time rebates.","The V1 exceeded expectations in terms of adoption and use and shaped what the future of Drift and its V2, would look like.","On December 19, 2022, Drift V2 launched as a significant evolution from V1. It enhanced liquidity depth through the \"Liquidity Trifecta\": combining decentralized order books, Just-in-Time (JIT) Liquidity, and passive Liquidity Providers (LPs).","Drift V2 transformed into a full-service decentralized exchange, offering spot trading, borrowing and lending, passive LP participation, and Insurance Fund staking.","As part of this V2 update, Drift introduced robust security measures. This included multi-step oracle validity checks, P&L asset weight calibration, a new P&L accounting mechanism, and an auto-settlement mode for long-tail events.","V2 was a success, with the Drift platform seeing over $100M in volume in less than two months and $10M in TVL in seven months.","The Drift Protocol has achieved notable milestones, including reaching $1 billion in cumulative volume by September 2023.","As of the time of writing, Drift stands at $19M in TVL, 9K total users, and 4.3 million trades.","You can discover more of Drift’s stats on DefiLlama here.","Part of Drift’s popularity among traders is the diversity of tradable markets the platform offers. Thanks to Pyth Price Feeds, Drift offers fifteen markets across popular assets such as SOL, BTC, ETH, HNT, BONK, and many others.","Drift was able to launch new perp markets for ARB and SUI on the same day those blockchains launched on mainnet—a testament to the speed of execution of the Pyth oracle network. Being able to launch highly anticipated markets quickly allows Drift to become a hotbed of trading activity among strategic and sophisticated users.","When it came time to launch the JITOSOL Pyth Price Feed, Drift was immediately on the ball with adding new markets and enabling JITO as collateral for their platform.","Pyth prices are low-latency, which allows Drift to deliver a responsive and smooth UX. The Pyth confidence interval feature also enables the Drift protocol to respond to market volatility and unusual price dispersions to better protect users and funds.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 27, 2023","Sep 21, 2023","Sep 6, 2023","Aug 16, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/drift-protocol-revolutionizing-decentralized-derivatives-i-pyth-case-study"},"/blog/where-pyth-is-now-q3-2023":{"version":1,"title":"Where Pyth is Now | Q3 2023 - Blog - Pyth Network","description":"Pyth Network fuels high-throughput DeFi, securing 59% of global TVL through reliable oracles. Developers trust its growth on DefiLlama.","keywords":"","h1":["Where Pyth is Now | Q3 2023"],"h2":["Pyth Network, Today","Stats to the Moon"],"h3":["Perseus Upgrade","The Numbers Don’t Lie","A New Core Contributor: Douro Labs","zk-Rollups Just Got Sweeter","Speed Matters","Price Feeds, Your Way","Pyth Data on TradingView","The Community Odyssey","Highlights: Who’s Using Pyth Data?","Call Me Maybe","Sheer Volume","Total Value Secured: The Rise After the Fall","New Blockchains: An Ever-Expanding Ecosystem","New Price Feeds: Every Feed On Every Chain","New Users: Welcome One and All","Multi-Chain","Linea","Base","Arbitrum","Mantle","zkSync Era","Sei","Evmos","Move Ecosystem","Solana","Celo"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network fuels high-throughput DeFi, securing 59% of global TVL through reliable oracles. Developers trust its growth on DefiLlama.","Updates","Oct 12, 2023","The Web3 industry has spoken. Demand for high throughput DeFi is at an all-time high, and it’s powered by the Pyth Network.","Oracles are a necessary ingredient for faster and more reliable DeFi. From 2021 to 2023, oracles have secured 59% of global total value locked (TVL). Given the importance of reliable oracle infrastructure, the Web3 developer community has chosen Pyth as their go-to oracle.","Don't just take our word for it: Pyth Network is now the second largest oracle on DefiLlama and secures 48% of all oracle-powered DEX trading volume globally.","The Pythian community has expressed their excitement and anticipation for the network’s transition to a permissionless mainnet and governance. Leading the charge is Douro Labs, which will support the Pyth Network’s engineering and business development efforts as a new core contributor.","With the introduction of Whitepaper Version 2.0, the Pyth Network embarks on a new chapter. This also signifies one of the final transformations of DeFi, moving from its ‘wild west’ days to a more mature state. The community is now faced with crucial discussions as the network prepares for on-chain governance. Governance can affect various important network mechanisms, including aggregation, data fee properties, and the distribution of publisher rewards.","The Pyth Network is almost unrecognizable from when it started this year. We’ve come a long way in this shared journey. We’re ready to embrace the opportunities that lie ahead for the final quarter of 2023 and beyond—together as a community. #ItWillHappen","One of Pyth’s unique advantages is the universal accessibility of its price feeds offering. In the spirit of empowering developers with seamless access to price data, the Pyth Network has launched the Perseus Upgrade.","The upgrade reduces gas costs for Pyth users by 50-80 % while increasing speed and enhancing reliability. The mythology fans among our readers will recognize the reference to the hero, Perseus, who prevailed over difficult obstacles thanks to his courage and resourcefulness.","This upgrade introduces major changes to the network architecture to deliver these cost, latency, and reliability improvements. The core change is eliminating batching and instead allowing the users to group any set of price feeds into a payload: the protocol puts all current prices into a Merkle tree and uses Wormhole to sign the root of the tree. You can learn more in our blog post.","Let’s talk numbers. As of the time of writing, the Pyth Network welcomes three new dApp integrations every week on average. In August alone, 15 new protocols joined the #PoweredByPyth movement. Another 12 joined the network and started work on their integrations in September. The Pyth ecosystem is becoming synonymous with cutting-edge DeFi.","Volumes also tell a story of transformative growth. When Synthetix on Optimism finished their integration last December, it stood at $5B in cumulative trading volume. Pyth Price Feeds made their platform more competitive. In just 9 months, Synthetix and Kwenta have taken the throne at 1st and 2nd place on the DefiLlama derivatives leaderboard.","On August 29, Douro Labs pulled back the curtain to announce its role as the newest core contributor to the Pyth Network. Douro Labs will focus on building the oracle tooling and Web3 infrastructure necessary for expanding the oracle network’s suite of decentralized data services.","Douro Labs brings passionate individuals with backgrounds from Goldman Sachs, Jump Crypto, BNP Paribas, Amazon Web Services, and Chorus One. The company was formed in July by long-time Pyth Network contributors Mike Cahill, Jayant Krishnamurthy, and Ciaran Cronin. You can follow Douro Labs on Twitter and LinkedIn.","You can now launch your own zk-Rollup service in one click. Gelato’s zk-Rollup as a Service (zkRaaS) platform enables developers to create an environment of near-instant transaction finality, cheap fees, high TPS, and zk-powered validity proofs for trustless computation. All 350+ Pyth Price Feeds are now available for developers launching their own zk-Rollup.","This integration follows Gelato’s launch of Web3 functions with Kwenta, which enables dApps to set up decentralized automation networks and update Pyth prices on-chain to inform conditional orders for DeFi derivatives.","Speed matters in trading. This rule applies not just to traders, but also smart contract developers delivering DeFi services. When new digital assets are listed, DeFi builders want to quickly engage the surge in popularity for that asset. How quickly an oracle provider can serve these markets makes a world of difference for market participants.","The Pyth contributors have taken this duty to heart. When Base mainnet launched, Pyth Price Feeds were immediately available to support players like CAP Finance, Perennial Labs, Buffer Finance, Deperp, and Pike Finance who were ready to launch. The contributors followed the same playbook with Mantle. Pyth Price Feeds were ready to support FusionX and Pinnako right from the start.","The Pyth Network launched 180 new price feeds over the past three quarters. The mission since day one has been to bring all financial market data on-chain.","In this early phase of the Pyth ecosystem, market demand is the main deciding factor for which price feeds are launched. Ask and you shall receive. The perps market has spoken, and the Pyth contributors responded with the launch of the ETH/BTC pair to serve players like Synthetix and their ecosystem—Kwenta, Lyra Finance, Decentrex, and more.","The launch of jitoSOL/USD was a poetic way to conclude this year’s Solana Summer. The liquid-staking SOL pair quickly powered new markets for Drift, Mango Markets, Vyper, Kamino, Lifinity, Tulip, Jet, GooseFX, and many more.","The launch of Pyth’s TradingView functionality proved to be a powerful asset for DeFi developers who need intuitive and trusted price charting. You don’t have to be a DEX operator to wield this power. Even crafty individuals can hook up TradingView charts on their own riced UI’s to access Pyth Price Feeds. Get started today.","The Pythian community proved their mettle with the week-long Odyssey on Zealy. More than 280 Pythians climbed the leaderboard to secure their ItWillHappen roles, a testament to their capabilities as passionate acolytes of the Pythia. Sentimental POAPs were also sent to the best thread writers and artists among the contestants.","Although the Odyssey is over now, the Pythian party continues on. You can look forward to more games and contests in the official Discord server.","Be sure to keep an eye out for more content from Mike and Jayant. You can catch Mike’s keynote on the Pyth Effect from TOKEN2049 in Singapore, his conversation on Unchained with Laura Shin, and a deep discussion with Frank Chaparro on The Block. Jayant has made appearances on the Validated podcast and Founder’s Funnel.","We would like to showcase some interesting use cases of Pyth data by our DeFi community.","Let’s start with the Greeks. Thales is building parimutuel markets, including the recently released Speed Markets, on Optimism, Arbitrum, Polygon, and Base. Speed Markets uses Pyth Benchmarks.","Perennial is a permissionless derivatives primitive on Arbitrum. Perennial has overseen over $1B in volume and $5M in TVL. Perennial’s V2 is #PoweredByPyth.","HMX is a decentralized perpetual exchange with cross-margin and multi-asset collateral support on Arbitrum. We’re proud to enable HMX to outperform and break $2B in trading volume and almost $1M in protocol fees.","Speaking of volumes, Helix, the premier spot and derivatives DEX on Injective, surpassed $12B in total volume and $16M in TVL as of September with over 2.5M Pyth price updates requested.","C3 is a self-custodial exchange that combines the advantages of both CEXs and DEXs, including self-custody, chain agnosticism, and fast performance. C3 has achieved over 5M Pyth updates on their invite-only testnet.","Fixed-rate products are now on-chain thanks to Jet Protocol and Pyth Price Feeds. Sophisticated lending markets allow for advanced trading strategies and greater adoption by institutional players.","Our Key Performance Indicator (KPI) metrics reveal a narrative of a strategic shift, the timely introduction of a cross-chain architecture, and a growing landscape of opportunities in the multi-chain space.","A quick refresher for new readers: Pyth Network introduces an innovative low-latency pull oracle. Applications using Pyth can request or “pull” price updates when they need it. This architecture is different from traditional oracles which continuously “push” price updates on-chain. This “push” oracle model requires users to wait for the next pushed update and can waste gas on updates that no one uses.","The advantages of Pyth’s gas efficiency include lower-latency price feeds and higher-frequency updates. The Pyth oracle solution can also scale to thousands of price feeds and support any blockchain that developers choose to build on.","Let’s examine the Pyth Network’s most recent growth trends.","Daily Average Updates (DAUs) represent every time a smart contract calls a price update from the Pyth protocol. Every time a user “pulls” an update, they pay a small data fee. Average updates are therefore an insightful way to measure demand for Pyth data.","DAUs shot up to 1.2M in July and experienced another growth spurt to 1.9M in August. DAUs cooled off in September, as fluctuations in average updates are dependent on trading activity and general market cycles.","Zooming out to cumulative price updates across the year, readers will note an exponential growth pattern. Cross-chain price updates started from virtually no activity and crossed 50M in July. By the end of August, that count exceeded 100M updates.","These updates are made possible through the daily contributions of Pyth's data providers, who send 300M price updates to Pythnet every day, resulting in 50M aggregate prices, of which over 1.5M are delivered cross-chain daily.","Cumulative traded volume secured tells another story of adoption. Over the past three quarters, the total trading volume supported by Pyth has more than doubled.","We can break down the cumulative volume measures by blockchains to identify where the most trading activity comes from.","This metric, coincidentally, makes the Pyth Network an interesting barometer for DeFi activity and understanding which ecosystems are more active. We can see, for example, that Optimism is a major player in terms of volume, with Arbitrum as the second close contender. Perpetual trading is the primary driver behind these volume numbers.","Total Value Secured (TVS), or oracle-related Total Value Locked, tells another compelling tale of recovery and overwhelming multi-chain traction.","Readers will recall that Pyth Network started out as a Solana-focused oracle. In 2022, the Web3 world felt the systemic crises of FTX’s collapse and the following exodus of locked capital from the Solana ecosystem.","In that same year, Pyth started going cross-chain. The contributors launched Pythnet application-chain and began sending price updates to BNB Chain, then Aptos, and then dozens more chains across the EVM, Move, and Cosmos ecosystems.","As Pyth began supporting more chains, new applications began integrating with Pyth’s low-latency price feeds. Throughout 2023, Pyth experienced a resurgence in TVS, surpassing $1.0B by June.","Breaking down the cumulative TVS statistic by chain also reveals interesting observations about where Pyth Price Feeds are the dominant, go-to solution. In fact, Pyth comprises 90% of the TVS on eight blockchains and over 50% for eleven of them.","Some high-activity chains worth highlighting include zkSync Era, where Pyth has secured over 90% of the ecosystem’s TVS since March. Pyth also secures over 90% of the TVS for Sui, 66% for BNB Chain, and 40% for Optimism.","Developers deserve reliable, secure access to high-fidelity price data for their smart contracts, no matter where they choose to build. There is still one more quarter to go, leaving one to wonder how many chains Pyth will encompass by year-end.","New supported blockchains include:","EOS EVM, an emulation of Ethereum network’s EVM","EON, Horizen’s fully EVM-compatible smart contracting platform","Stacks, the Bitcoin layer for smart contracts and DeFi","Scroll, a native zkEVM Layer 2 for Ethereum","Sei, a Layer-1 blockchain designed for DeFi and built on the Cosmos SDK","Evmos, an application-agnostic chain that is interoperable with Ethereum Mainnet","Linea, a developer-ready zk-Rollup for scaling Ethereum dApps","Neutron, a cross-chain CosmWasm platform","Another advantage of Pyth Price Feeds is that the full suite of data feeds are available to developers, no matter what Pyth-supported blockchain they choose. For example, a team on Arbitrum can expand to Base and have access to the same price feeds. This means the developers can serve the same products on both chains.","In general, more price feeds enable developers to provide a broader range of DeFi solutions. Pyth has nearly doubled its price feed offerings since the beginning of this year. In the month of August, the network released a new price feed every day.","Chances are, your favorite DeFi applications are #PoweredByPyth. The Pyth ecosystem now encompasses more than 220 on-chain and off-chain applications.","Remember that the total DeFi user metric is a conservative count. Pyth Price Feeds are permissionless, meaning anyone can start using Pyth data by simply reading the documentation and plugging it in. They do not need to reach out to a sales team, sign paperwork, or ask for anyone’s permission. This is what it means to DeFi.","Let's delve into some notable integrations from Q3 2023:","Avantis Finance, ecosystem for derivatives and yield products on Optimism and Base","Pike Finance, an upcoming universal liquidity protocol across EVM and SVM chains","Sable, the issuer of the USDS stablecoin on BNB Chain and Base, has launched its beta with Pyth data.","Fringe Finance, multi-chain borrow-lending will start using Pyth on zkSync Era.","LogX, perps aggregator on Arbitrum and Mantle","LayerBankFi, money-market protocol on Linea","Mendi Finance, P2P decentralized liquidity protocol on Linea","Mooncake Finance, decentralized lending on Linea and Base","Deperp, perps DEX on Base","CoChilli, a prediction marketplace on Base","Foxify, a decentralized trading platform for P2P options and perps on Arbitrum","CAP Finance, the ‘OG’ perps platform, expands from Arbitrum to Base.","Magma, an innovative AMM, on Mantle","Lendle, liquidity market on Mantle","REAX is the first trustless synthetic asset issuance and trading protocol on Mantle","ZeroLend, decentralized lending on zkSync Era","zkEra, perps exchange on zkSync Era","Galleon, fully on-chain AMM-based perps and derivatives exchange on zkSync Era","Gambit Trade, a next-gen perps exchange on zkSync Era","Gambit Trade: A next-gen perps exchange on zkSync Era, benefiting from Pyth's real-time pricing.","Aeroscraper, a governance-free, interest-free decentralized borrow-lending platform on Sei","Tashi, the #1 lending protocol on Evmos","ABEx, on-chain derivatives on Sui","Merkle Trade, decentralized leverage trading on Aptos","Lulo Finance, p2p lending and borrowing platform on Solana.","Jet launched its Fixed Rate product on Solana thanks to Pyth.","ImmortalX, the first decentralized perpetual exchange on Celo","Thank you for reading. Developer activity in the bear has only picked up throughout the year. With one more quarter left, we can’t wait to see what the Pyth ecosystem delivers next. Whatever you choose to build, we are here to support you.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-pyth-is-now-q3-2023"},"/blog/pyth-price-feeds-on-scroll":{"version":1,"title":"Pyth Price Feeds on Scroll - Blog - Pyth Network","description":"Pyth expands DeFi with real-time price feeds on Scroll, a scalable Ethereum zk-Rollup. Access 350+ price feeds for faster, efficient transactions.","keywords":"","h1":["Pyth Price Feeds on Scroll"],"h2":[],"h3":["Scroll","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands DeFi with real-time price feeds on Scroll, a scalable Ethereum zk-Rollup. Access 350+ price feeds for faster, efficient transactions.","Blockchains","Oct 17, 2023","We’re unraveling the future of decentralized finance with a new blockchain integration. Today, the Pyth contributors are unveiling the curtain: Pyth Price Feeds for financial market data is now available on Scroll. Scroll is an EVM-equivalent zk-Rollup to scale Ethereum using ZK technology to enable faster, more efficient transactions.","Developers on Scroll can permissionlessly access over 350 real-time price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. dApps such as Rollie Finance and LayerBank are already integrated with Pyth Price Feeds on Scroll.","Scroll is an EVM-equivalent zkRollup to scale Ethereum using ZK technology to enable faster, more efficient transactions. The core component that Scroll is built upon is the zkEVM, which is used to verify the accuracy of EVM execution in Layer 2s. Scroll aims to provide the best experience for developers and users. You can learn more about Scroll from their website and documentation.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 35 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","The network secured more than $2B in total value in less than a year. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Unravel fate with your own hands. You can explore the resources below to get started. If you have any questions or feedback, please reach out. You can find the full catalog of Pyth Price Feeds on the official price feeds page and even discover which data feeds are in the pipeline. If you would like to request a new asset class, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Updates","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-on-scroll"},"/blog/tradingview-and-pyth-for-smarter-trading-decisions-i-pyth-case-study":{"version":1,"title":"TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight - Blog - Pyth Network","description":"TradingView: A global platform trusted by 50M+ traders, now with Pyth Price Feeds for accurate asset tracking and informed decisions.","keywords":"","h1":["TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h2":["TradingView — Empowering Traders","TradingView Charts Powered by Pyth","#PoweredByPyth dApps using TradingView"],"h3":["Kwenta","Polynomial","Cap Finance","HMX","Vela Exchange","Zeta","LogX","UniDex","C3"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","TradingView: A global platform trusted by 50M+ traders, now with Pyth Price Feeds for accurate asset tracking and informed decisions.","Pyth Primers","Oct 13, 2023","TradingView is a haven for traders and investors around the world. In fact, over 50 million individuals trust TradingView’s platform for all their charting needs.","It’s been six months since Pyth Price Feeds have been available on TradingView enabling traders to track asset prices using the largest first-party financial oracle network.","Let’s explore further.","TradingView offers a comprehensive suite of tools that empower traders to make informed decisions.","A non-exhaustive list of TradingView’s features includes:","Track a multitude of assets like indices, US stocks, crypto, and FX","Look for trading inspiration","Engage in discussions with fellow traders","Identify market trends","Execute trades through brokers","TradingView seamlessly incorporates Pyth data into its platform, drawing from both the off-chain API and website sources.","All Pyth prices are sourced directly from Pythnet and retrieved through the Pyth Data Association database. This integration is an exciting opportunity for developers, enabling them to harness Pyth data via the TradingView plugin. This usually means a better visual interface for their platforms.","Developers can now effortlessly construct historical charts for over 350 Pyth-supported markets in a matter of minutes.","From a trader’s point of view, TradingView makes all the Pyth Price Feeds easily accessible.","To get started as a trader you simply need to use the search bar and apply a simple filter by selecting \"Crypto\" and specifying \"Pyth\" as the source. This user-friendly interface will promptly display a curated list of markets ranked based on their popularity within the TradingView community.","As seen above, traders can now monitor their favorite asset prices with Pyth, covering crypto, U.S. stocks, commodities, and FX.","You’ll find below a non-exhaustive list of dApps and protocols that uses the TradingView integration and what they particularly like about it.","Kwenta is a premier decentralized derivatives trading platform built on Optimism and powered by the Synthetix perpetual engine. Kwenta lets traders gain exposure to a diverse range of on-chain and real-world assets.","You can check out Kwenta here.","Polynomial is the premier, one-stop DeFi derivatives protocol built on Optimism and Synthetix. Polynomial offers users the ability to trade with leverage (up to 50x) with a great UI and low fees.","The TradingView and Pyth integration provides valuable charting capabilities for Polynomial’s users, making it a valuable addition to the platform and was very easy to integrate.","You can check out Polynomial here.","Cap Finance is a leading decentralized perp exchange on the Arbitrum Network, designed for both power and simplicity.","Traders have the flexibility to use ETH or USDC as collateral for their orders, making it convenient for a wide range of users and encouraging liquidity providers by offering opportunities to pool funds, generating real yield.","You can check out Cap Finance here.","HMX is a decentralized perpetual protocol operating on the Arbitrum network.","With multi-asset collateral and cross-margin support, HMX’s primary goal is to develop a product that effectively tackles the most significant pain points while delivering an exceptional user experience.","You can check out HMX here.","Vela Exchange is a decentralized exchange on Arbitrum with advanced perpetual trading capabilities, community-focused incentives, and a scalable infrastructure.","The Pyth integration with TradingView allows Vela to offer their users a wide range of accurate and reliable chart data to trade from.","You can check out Vela Exchange here.","Zeta Markets is the premier under-collateralized DeFi futures platform built on Solana. Zeta introduces under-collateralized Perpetual Swaps trading on a foundation of a globally distributed, fully on-chain order book.","Zeta is harnessing the power of TradingView's advanced charting capabilities on the app’s front end and Pyth's cutting-edge price oracle technology, to set the standard for real-time, reliable trading data on Solana.","You can check out Zeta here.","LogX is the first to bring you cross-chain liquidity aggregation. The platform provides professional traders and institutions with an unprecedented level of deep liquidity, akin to the traditional centralized exchanges (CEX).","LogX uses Pyth Benchmarks to show price charts which can be used out-of-the-box to integrate with TradingView. This saved LogX a lot of development time to get their price charts running.","You can check out LogX here.","UniDex is a DeFi aggregation layer-making products such as leverage trading aggregation, derivatives, and other trading products.","You can check out UniDex here.","C3 is a self-custodial exchange that offers all of the functionality of traditional exchanges without any of the trade-offs. This means that users can enjoy the benefits of self-custody without sacrificing the performance and accessibility that they expect from traditional exchanges and robust trading platforms.","With Pyth's TradingView integration, not only are C3 users able to leverage Pyth's highly-accurate price feed for their analysis but they can also see there's a consistency in the price information being used both for chart analysis and within the smart contracts on the C3 platform. This uniformity could reduce confusion and foster trust among users as the data displayed on the charts would align with the data utilized in C3's smart contract operations.","You can check out C3 here.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/tradingview-and-pyth-for-smarter-trading-decisions-i-pyth-case-study"},"/blog/understanding-the-pyth-tokenomics":{"version":1,"title":"Understanding the PYTH Tokenomics - Blog - Pyth Network","description":"Pyth Network’s token distribution fuels decentralized governance, empowering community members to shape the protocol’s future.","keywords":"","h1":["Understanding the PYTH Tokenomics"],"h2":["Distribution"],"h3":["Scope of Governance and the Pyth DAO","Token Distribution","Publisher Rewards","Ecosystem Growth","Protocol Development","Community and Launch","Private Sales"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s token distribution fuels decentralized governance, empowering community members to shape the protocol’s future.","Announcements","Oct 11, 2023","This blog post delves into the PYTH Token distribution to different participants of the Pyth Network and its ecosystem. This distribution is a pivotal step towards bringing the Pyth Network to a decentralized, self-sustainable, and permissionless state. On-chain governance is another critical component of this goal.","The general purpose of a token-based governance system is to enable token-holders to guide protocol development. It is therefore important that the community can prepare to participate in token-holder governance so that they can shape the network in an informed manner.","As stated in the whitepaper, Pyth Governance can help determine high-level parameters of the other network mechanisms. On-chain governance is expected to be responsible for many decisions and actions, such as:","Determining the size of update fees.","Determining the reward distribution mechanism for data providers.","Approving other software updates to on-chain programs across blockchains.","Determining how new symbols (feeds) are listed on Pyth and their reference data (e.g. the number of decimal places in the price, reference exchanges).","Determining how data providers will be permissioned to provide data for price feeds.","Note that new topics, with respect to on-chain governance, may be established by the DAO.","Token Symbol: PYTH","Max Supply: 10,000,000,000","Initial Circulating Supply: 1,500,000,000 (15%)","Vesting: 85% of the PYTH Tokens are initially locked and locked tokens will unlock 6, 18, 30 and 42 months after the initial token launch.","Token Address","Below is the PYTH Token distribution table as per the whitepaper.","22% — 2,200,000,000 PYTH","This allocation is reserved for the Pyth Network data providers, or \"publishers\".","The publishers are responsible for publishing price data to the Pyth Protocol. The “Publisher Rewards” allocation consists of reserved tokens for various reward mechanisms and grant programs to encourage publishers to publish accurate and timely price data.","This is designed to encourage more publishers to support new symbols which may lack the initial popularity or liquidity for the network to launch immediately.","There are already rewards mechanisms and grant programs in place to incentivize publishers to publish price feeds so that the Pyth Protocol can provide accurate and timely price updates.","~2% (50M) of the 2.2B PYTH Tokens are unlocked. The remaining PYTH Tokens (2.15B) are subject to the vesting schedule described above. Note that these rewards can only be distributed to publishers once they are unlocked.","52% — 5,200,000,000 PYTH","The “Ecosystem Growth” allocation is a strategic portion of tokens set aside for contributors to the Pyth Network, including developers, educators, researchers, strategic contributors, early publishers, and more.","This allocation aims to facilitate practical initiatives including funding research projects aimed at advancing the Pyth Protocol, incentivizing developers to build complementary tooling and resources, and supporting public education programs to increase awareness. This allocation aims to recognize and reward individuals and organizations that go beyond the core contributors in fostering the expansion and vitality of the Pyth Network.","13% (700M) of the 5.2B PYTH Tokens are unlocked. The remaining tokens (4.5B) are subject to the unlock schedule described above.","10% — 1,000,000,000","This portion of the token supply has been allocated to core contributors focused on building oracle tooling, products, and infrastructure to expand the protocol’s suite of decentralized data services, such as Douro Labs.","15% (150M) of the 1B PYTH Tokens are unlocked. The remaining tokens (850M) are subject to the unlock schedule described above.","6% — 600,000,000","This portion of PYTH Tokens is set aside for the initial launch phase and related activities and initiatives.","All 600M PYTH Tokens of “Community and Launch” allocation will be unlocked from day one.","This category represents two historical funding rounds to strategic contributors who add value to the network in terms of advisory and infrastructure support. Please note that these funding rounds closed and the allocation has been finalized.","All of 1B PYTH Tokens are locked and subject to the unlock schedule described above.","There are currently no announcements regarding PYTH Governance. You can stay updated on the Pyth Network’s developments through the official social media channels. We highly recommend that readers exercise caution and take appropriate measures to protect themselves from unverified or unofficial channels and claims.","We would like to express our appreciation to the Pythian community for their patience and continued support throughout the years.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/understanding-the-pyth-tokenomics"},"/blog/pyth-price-feeds-launch-on-manta-network":{"version":1,"title":"Pyth Price Feeds Launch on Manta Network - Blog - Pyth Network","description":"Pyth Network price feeds now on Mantanta, boosting ZK application development with 350+ low-latency price data. Expanding Web3 possibilities.","keywords":"","h1":["Pyth Price Feeds Launch on Manta Network"],"h2":[],"h3":["Manta Network","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network price feeds now on Mantanta, boosting ZK application development with 350+ low-latency price data. Expanding Web3 possibilities.","Blockchains","Oct 18, 2023","The contributors of the Pyth Network have been advocates of zero-knowledge (ZK) technology and its potential for Web3 since day one. That's why we're thrilled to announce that Pyth Price Feeds are now accessible on the Manta Network, a multi-modular ecosystem designed for ZK applications.","Smart contract developers on Manta can now access over 350 low-latency price feeds for equities, commodities, foreign exchange pairs, and cryptocurrencies. The #PoweredByPyth ecosystem invites onboard RealPerp, an upcoming decentralized perpetual protocol, as the first Manta-native user of Pyth PRice Feeds.","“The Pyth integration marks an exciting development for Manta Pacific. We are excited to introduce a source of accurate, high-frequency data and look forward to the many new use cases that it unlocks within the ecosystem,” said Kenny Li, co-founder, Manta Network.","“We’re excited to see the Pyth Network and its ever-growing suite of Price Feeds becoming permissionlessly available to all on the Manta Network — over the past year, zk solutions have been steadily growing in adoption and enabling DeFi to happen there is of first order,” said Marc Tillement, Director, Pyth Data Association. “As a leading oracle network on various Ethereum L2s and zk-chains, we look forward to seeing developers on Manta grasp the opportunity to be #PoweredByPyth and build the future of finance on-chain.”","Manta Network is the multi-modular ecosystem for AK applications. Manta Atlantic, the fastest ZK L1 chain, brings programmable identities and credentials to web3 through zkSBTs. Manta Pacific, the unique L2 ecosystem for EVM-native ZK applications, provides a scalable and inexpensive gas-fee environment for ZK applications to deploy simply using Solidity.","Together, Manta Atlantic and Manta Pacific deliver an unparalleled experience for the next generation of Web3 application development and adoption with the applied usage of zero-knowledge cryptography. For more information, please visit their website.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 35 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can check out the resources below to get started. If you have any inquiries, please reach out on our socials.","Now that Pyth has officially joined the Manta Network, readers can look forward to the launch of more Manta-native token feeds and applications secured by Pyth data. You can find our price feed catalog on our website and discover which feeds are in the pipeline. If you would like to request a new data feed, you can reach out in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-manta-network"},"/blog/levana-a-defi-game-changer-i-pyth-case-study":{"version":1,"title":"Levana: A DeFi Game-Changer I Consumer Spotlight - Blog - Pyth Network","description":"Levana: A new DeFi pioneer in perpetual swaps, offering secure trading & innovative tools across Osmosis, Sei & Injective blockchains.","keywords":"","h1":["Levana: A DeFi Game-Changer I Consumer Spotlight"],"h2":["Levana Perps: Secure and Reliable","Innovative Features Driving Stable Trading","Managing Volatility for Sustainable Growth","Levana is #PoweredByPyth"],"h3":[],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Tokenization and the Future of Real World Assets (RWAs)","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Levana: A new DeFi pioneer in perpetual swaps, offering secure trading & innovative tools across Osmosis, Sei & Injective blockchains.","Pyth Primers","Oct 20, 2023","In the ever-evolving DeFi landscape, Levana stands out as a pioneer in perpetual swaps. Launched in September 2023, Levana offers a reliable trading platform for users and liquidity providers. Levana strives to ensure fair deals, reduce risks, and create innovative financial tools through tokenized positions.","Currently available on three blockchains (Osmosis, Sei, Injective), Levana has grown significantly in total traded volume ($200M) and user base (3000+).","Let's delve into the details of this compelling case study.","Levana was designed to tackle two critical challenges prevalent in other perpetual platforms.","Firstly, the protocol addresses liquidity risks by implementing the concept of locked liquidity, ensuring fully collateralized positions and conducting on-chain liquidations.","Secondly, it eliminates market manipulation risks by utilizing the spot market price for entry and profit calculations, avoiding complexities associated with internal mark prices.","Liquifunding: Ensures adequate liquidation margins for all open positions, safeguarding traders and liquidity providers during market fluctuations.","Price Updates and Cranking: Regularly updates prices through a permissioned entry point, followed by a 'crank' process that triggers necessary actions based on price fluctuations.","Safeguards against Staleness and Congestion: Prevents delayed price updates and congestion, reducing the exploitation of price discrepancies.","Delta Neutrality and Liquidity Pool: Funding payments and a delta neutrality fund maintain a balanced protocol for liquidity providers. The liquidity pool allows users to deposit collateral, receive LP tokens, and participate in fee-sharing mechanisms and liquidity incentives.","Levana Perps emphasizes potential risks, especially during extreme market movements. While the platform implements various risk-mitigating mechanisms, it highlights the need for prudent risk management.","Levana Perps effectively addresses critical issues in traditional perpetual platforms, fostering a secure and stable trading environment for traders and liquidity providers alike.","By integrating Pyth Price Feeds, Levana enhances the trading experience for its users, ensuring an unparalleled level of flexibility and responsiveness. With access to over 350 real-time price feeds, Levana users can benefit from timely and accurate market data.","Explore the collaboration of Levana and Pyth Network by visiting their website.","You can also listen to the Twitter space which happened on the 18th of October to learn more about how Pyth is a game changer for Levana and the entire Osmosis ecosystem.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 16, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/levana-a-defi-game-changer-i-pyth-case-study"},"/blog/pyth-price-feeds-on-astar-zkevm-testnet":{"version":1,"title":"Pyth Price Feeds on Astar zkEVM - Blog - Pyth Network","description":"Pyth Price Feeds now live on Astar zkEVM’s mainnet, scaling Web3 with secure, ZK technology. A significant advancement for interoperability.","keywords":"","h1":["Pyth Price Feeds on Astar zkEVM"],"h2":["Who’s Using Pyth Data?","What’s Next?"],"h3":["Astar Network","Pyth Network","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on Astar zkEVM’s mainnet, scaling Web3 with secure, ZK technology. A significant advancement for interoperability.","Blockchains","Oct 23, 2023","EDIT: On March 5, 2024, this blog was updated to reflect the deployment of Pyth Price Feeds on Astar zkEVM’s mainnet environment. This launch follows the testnet deployment in October 2023.","The Pyth Network and its contributors have always championed zero-knowledge (ZK) technology and its transformative potential for Web3. We are now excited to share that Pyth Price Feeds are now available on the newly launched Astar zkEVM—a robust, secure, and interoperable new Layer-2 solution to scale the Web3 experience on Ethereum.","The Pyth Network has also launched its ASTR/USD price feed, which is available on the Astar Network and more than 50 other blockchains.","Astar's smart contract developers can now tap into a rich array of over 450 low-latency price feeds encompassing equities, commodities, foreign exchange pairs, and cryptocurrencies.","“We are excited about integrating Pyth Network suite of permissionless price feeds on Astar zkEVM. The integration and partnership marks an exciting development for all the builders using Astar zkEVM Testnet (zKatana) and unlocks many new use cases in our ecosystem.\" — Maarten Henskens, Head of Astar Foundation","DeFi applications native to Astar zkEVM are already tapping into the Pyth oracle’s low-latency price data to power their protocols.","Keom—an AI-enhanced suite of ZK-powered trading products.","Kinetix Finance—the first decentralized perpetuals exchange on Kava, now expanding to Astar zkEVM.","Astar Network serves as the gateway for projects spanning enterprises, entertainment, and gaming in Japan and beyond. Its mission is to drive global adoption and bring Web3 capabilities to billions of users. It leverages a cross-virtual machine powered by Polygon and Polkadot to offer customizable blockchain solutions that accelerate Web3 adoption.","With zk-powered Ethereum L2 Scaling (zkEVM), EVM, Wasm, and a cutting-edge ecosystem, Astar delivers robust, secure, and interoperable Web3 technology. Astar zkEVM is the new Layer-2 solution to scale a Web3 experience on Ethereum with zero knowledge (ZK) technology. Astar Network adds an EVM equivalent environment that is seamlessly compatible with existing smart contracts, developer tools, and wallets on Ethereum.","To learn more about the Astar Network, please visit their website and documentation.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 50 blockchains in a secure, transparent manner. Pyth supports over 450 price feeds across major asset classes.","The network comprises some of the world's largest exchanges, market makers, and trading firms contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Pyth’s innovative pull oracle design enables apps to \"pull\" the latest price onto their native chain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $1.0B in total value. The Pyth oracle has been used by DeFi protocols in over $150B in trading volume and over 230 on- and off-chain applications. You can learn more from their website and documentation.","Developers can check out the resources below to get started. If you have any inquiries, please reach out on our socials.","Now that Pyth has officially joined the Astar Network, readers can look forward to the launch of more Astar-native token feeds and applications secured by Pyth data. You can find the price feed catalog on our website and discover which feeds are in the pipeline. If you would like to request a new data feed, you can reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-on-astar-zkevm-testnet"},"/blog/pyth-price-feeds-launch-on-ronin":{"version":1,"title":"Pyth Price Feeds Launch on Ronin - Blog - Pyth Network","description":"Pyth Network’s low-latency oracle & RON/USD price feed now live on Ronin chain, boosting Web3 gaming transactions & speed.","keywords":"","h1":["Pyth Price Feeds Launch on Ronin"],"h2":[],"h3":["Pyth Network on Ronin","Ronin","Sky Mavis","Pyth Network","Pyth Data Association","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s low-latency oracle & RON/USD price feed now live on Ronin chain, boosting Web3 gaming transactions & speed.","Blockchains","Oct 24, 2023","Further strengthening our relationship with Sky Mavis, we’re delighted to reveal that the Pyth Network low-latency pull oracle is now available on the Ronin chain. Ronin is an EVM blockchain specifically forged for gaming that optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.","The Pyth Network has also launched its RON/USD price feed, which is available on the Ronin chain as well as more than 35 other blockchains.","Sky Mavis already operates its own price scheduler. This regularly updates the price feeds on-chain. The deployment enables developers and dApps like Metalend and the Ronin Name Service to freely and seamlessly use the Pyth Price Feeds to power their protocols.","“We are thrilled to be working with the Pyth Data Association for the integration of Pyth Network on Ronin. Pyth's low-latency pull oracle design enables developers on Ronin to access reliable price feeds at affordable costs. Check out Pyth price feeds as they power the pricing mechanism for Ronin Name Service upcoming in November!”, said Bailey Tan, Director of Ecosystem Strategy.","“Axie Infinity on Ronin may have been the closest thing we’ve seen to Web3 mass adoption. We’re excited to see the Pyth oracle going live on Ronin”, said Marc Tillement, Director, Pyth Data Association. “Permissionless access to 350 Pyth Price Feeds will play a key role for next-generation developers building player-owned economies and new and innovative DeFi applications.”","The Pyth Network introduced an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Ronin have permissionless access to any of Pyth’s 350+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","However, to facilitate and further bootstrap its growing ecosystem, Sky Mavis has deployed and now operates its own price scheduler!","The first application to become #PoweredByPyth is the Ronin Name Service (RNS), which integrates the Pyth RON/USD price feed as its trusted price oracle. This integration empowers RNS contracts with dependable exchange rates, ensuring that RNS name registrations and renewals are consistently priced in USD, but with the purchase of those names still being paid for in RON.","Additionally, another application that will benefit is Metalend, an algorithmic money-market protocol enabling users to earn a yield on their assets while accessing extra liquidity if needed. Thanks to the Pyth Price Feeds, Metalend will be able to continuously value the assets supported and the various positions on the protocol to ensure it remains over-collateralized and healthy.","For more information about using Pyth data on Ronin, check out our documentation.","Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.","To learn more about Ronin, please visit their documentation.","Sky Mavis is a technology-focused game studio based in Singapore. It creates virtual worlds with player-owned economies, marketplaces for trustless trading of unique digital assets, and infrastructure that enables its products to reach millions of players worldwide. Sky Mavis' flagship product is Axie Infinity, the #1 game on Ethereum by daily, weekly, and monthly active players. By using blockchain technology and incentive design, Axie Infinity has transcended traditional games and evolved into a complex digital nation.","Learn more about Sky Mavis on their website.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to 40 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","The Pyth Data Association is a Swiss association founded by Pyth Network participants to advance the development of the network. The Pyth Data Association is a contributor to the Pyth Network and helps facilitate protocol maintenance, ecosystem grants, and ecosystem development.","To learn more about the association, please visit this website.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Ronin community, you will soon see many more tokens supported on the network as well as Ronin applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-ronin"},"/blog/bringing-the-real-world-on-chain-the-future-of-tokenized-assets":{"version":1,"title":"Tokenization and the Future of Real World Assets (RWAs) - Blog - Pyth Network","description":"Blockchain tokenization unlocks real-world assets like real estate & art, streamlining transactions and boosting liquidity.","keywords":"","h1":["Tokenization and the Future of Real World Assets (RWAs)"],"h2":["Why Is Tokenization Important?","Oracles and RWAs","Pyth Network and On-chain RWA’s"],"h3":["Institutional Adoption","DeFi Adoption","The Future of On-Chain RWAs"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Blockchain tokenization unlocks real-world assets like real estate & art, streamlining transactions and boosting liquidity.","Pyth Primers","Oct 16, 2023","Tokenization is one of the most promising domains in the blockchain universe. It aims to bring a large number of off-chain or real-world assets onto the blockchain. Tokenization involves representing 'real-world assets' (RWAs) such as real estate, financial instruments, commodities, and artwork on the blockchain.","Traditionally, real-world assets face transactional frictions such as slow transfer times, limited liquidity, custodial costs, and high intermediary fees. With the advent of blockchain technology, however, these challenges can be overcome. By using a decentralized and immutable ledger, we can represent ownership and exposure to real-world assets (RWAs).","Tokenizing RWAs offers several benefits, including near-instant settlement, un-censorable ownership rights, and the ability to fractionalize exposure. It is these advantages that have generated excitement among market participants and developers in this space.","This article will explore the following topics:","An overview of tokenization and its significance","Increasing institutional interest as a precursor to widespread growth","The integration of tokenized assets within the DeFi ecosystem","Oracles and their importance in tokenization","The future of RWA tokenization","It is becoming evident that on-chain RWAs are not a temporary trend, but rather a fundamental shift in how we conduct transactions and transfer value.","Tokenizing RWAs brings many advantages, including:","Fractionalization: Tokenized assets can be fractionalized into any denomination, significantly increasing liquidity by expanding retail access to the original asset.","Global Liquidity: Buyers and sellers can be located anywhere in the world. Geographical proximity is no longer a limiting factor.","Cost Reduction: Tokenization reduces the need for intermediaries and streamlines processes such as accounting and custody, saving costs for investors and issuers.","Operational Efficiency and Automation: Ownership verification, dividend distribution, and regulatory compliance processes can be automated using immutable code. This feature helps lower costs, reduce human errors, and improve overall operational efficiency.","Consider the gold industry, which has a market size of around $12 trillion. Purchasing physical gold presents numerous challenges for buyers, including minimum purchase amounts, high intermediary fees, risk of theft, counterfeit risk, and geographical restrictions. While instruments like gold ETFs offer more convenient digital trading options, they are limited in terms of availability and accessibility across different regions. In simpler terms, these instruments cannot reach the approximately 1.4 billion unbanked individuals worldwide.","Tokenizing gold addresses these issues by allowing anyone with an internet connection to obtain exposure to physical gold instantly. By converting the ownership of gold into digital tokens on a blockchain, the barriers that have traditionally hindered gold investment are significantly reduced, if not eliminated entirely.","Tokenized RWAs offer several unique benefits specific to digital or on-chain assets. Unlike traditional RWAs like real estate and fine arts, which have relatively stable valuations, they tend to be illiquid and inaccessible to many buyers due to slow transfer times and high entry costs. Tokenization can address these issues by introducing transaction efficiency. Furthermore, fractionalizing exposure to RWAs can enable greater market participation at lower entry costs.","Innovations such as the internet, cloud computing, and electronic trading were largely driven by initial institutional adoption. Tokenization is no exception, and institutional interest in it has been rapidly growing.","Some notable examples from 2023 include:","Korean banks collaborating to issue $27B in tokenized bonds.","The Hong Kong government issuing $100M in tokenized green bonds.","Goldman Sachs releasing a new tokenization platform.","Siemens issuing a 60M Euro tokenized bond.","Blackrock actively exploring tokenizing stocks and bonds.","Tokenization is expected to take time to reach maturity, and there are several barriers to overcome, including institutions needing to align new tokenization standards with existing legacy systems, resistance from established players, and regulatory uncertainty. However, the future for tokenized RWA innovations is promising.","DeFi protocols focusing on RWAs have proliferated in 2023. Their objective is to bring traditional financial assets onto the blockchain, enabling them to be utilized as foundational components for other DeFi applications. These innovative protocols can attract a growing user base interested in diversifying their assets on-chain.","RWA-focused DeFi platforms can serve both institutions and individual consumers. The ultimate goal is to bridge the offerings of traditional finance with the decentralized world. These decentralized applications typically impose KYC checks and restrictions for their users in order to comply with regulations.","Below, we will examine several well-known tokenized RWA platforms.","1. Matrixport","Matrixdock is a digital assets platform by Matrixport that provides institutional and accredited investors with transparent access to DeFi services for tokenized real-world assets. They are a significant player in the space, with over $700M in outstanding loans and $5B in monthly traded volume.","Matrixdock recently launched tokenized short-term US treasury bills under the ticker STBT. The token lives on the ERC-1400 standard, which restricts it to accounts that have passed the appropriate KYC and AML standards. Readers can explore the public Dune dashboard which tracks the adoption of STBT.","2. Ondo Finance","Ondo Finance is a decentralized asset management platform for a range of institutional-grade financial products, including stablecoin alternatives backed by money markets. Ondo launched its V1 in August 2021 and its V2 in January 2023. Their V2 offers users access to tokenized exposure to US treasuries, high-yield income, short-term bonds, and money markets.","Ondo Finance V2 has gained significant traction since its inception in early 2023, with $150M in TVL to date. CoinBase and Clear Street support Ondo Finance as legal custodians for held assets.","3. Backed Finance","Backed Finance is an infrastructure provider that issues users “Backed Assets” or bTokens to represent ownership of tokenized assets, including treasury bills of varying lengths, high-yield corporate bonds, and the S&P 500 index.","The Backed Finance platform enables professional investors to buy or sell bTokens, while token holders may redeem them. The platform is currently live on Ethereum, Gnosis, and Polygon, with plans to expand to more EVM-compatible networks.","4. Open Eden","Open Eden provides investors with on-chain exposure to a pool of short-dated treasury bills through their TBILL token. OpenEden enables users to instantly mint TBILL tokens through their TBILL Vault. The platform focuses on large-scale clients with institutional-oriented deposit limits for the issuance of new TBILL tokens.","The value of tokenized assets is closely linked to their real-world counterparts. It is essential to have accurate price and market data for these real-world assets reliably and continuously delivered on-chain. This is why blockchain oracle networks like Pyth Network are necessary for tokenized RWA services. Without access to this data, it would be impossible to ensure the value and validity of tokenized assets on-chain.","The Pyth Network is the largest first-party oracle network. The oracle network aggregates and delivers proprietary financial data from over 85 institutional and decentralized market participants to more than 35 blockchains. By focusing on first-party data, which is created and owned by active participants in price discovery, the Pyth Network provides low-latency access to high-quality data sources.","In contrast, legacy oracles typically depend on a network of intermediary nodes that are incentivized to retrieve data from public sources and reach consensus. While this reporter network design is flexible, it also comes with accountability risks, data legality risks, and additional frictions such as data transmission fees and delays.","The Pyth Network's first-party data architecture is optimized to provide real-time data, such as RWA pricing, including commodities and foreign exchange pairs. Currently, smart contract developers can utilize Pyth Price Feeds for gold (XAU) and silver (XAG), which are particularly popular markets in the broader DeFi ecosystem.","As more RWAs make their way on-chain, the Pyth oracle solution will continue bringing these asset prices on-chain securely and transparently.","The tokenization industry is still in its early stages, and it is likely that we will see unpredictable changes in its evolution. At the very least, we can anticipate a larger quantity and diversity of RWAs being moved onto the blockchain. Additionally, we can expect the emergence of intriguing applications:","Tokenized fine arts will create new investment opportunities and enable users to showcase their art collections on the blockchain. This will also pave the way for new products like diversified investment funds, as well as online communities for art collectors with similar interests.","Tokenized accounts receivables enable companies to secure loans using receivables as collateral. This enhances liquidity and cash flow management while creating new financial opportunities.","New forms of currencies will be supported by combinations of tokenized assets. For instance, a currency backed by tokenized real estate and gold could experience annual value growth, resistant to inflation.","DeFi protocols will integrate RWAs (Real-World Assets) into their suite of services and innovate new products based on them. This will involve serving existing markets in innovative ways, such as introducing new derivative contracts or empowering investors to create new investment portfolios.","The most significant realization is that these assets are composable, which means they can be used throughout the rest of DeFi. This is an often overlooked feature of DeFi, as the unrestricted integration of cryptocurrencies and smart contract code will drive innovations that would be impossible to achieve in traditional finance. While we are already witnessing interesting advancements, such as cross-chain applications with features like yield optimization, blockchain technology is still in its early stages, and we have only just begun to explore its full potential.","Tokenization is revolutionizing the finance landscape by converting real-world assets into digital tokens on the blockchain, combining stability and transactional efficiency. While still in its early stages, the fact that high-profile institutions are adopting tokenization indicates its strong potential, despite existing challenges.","The tokenization of real-world assets (RWAs) requires precise and up-to-date data to accurately represent these assets on the blockchain. Oracles such as the Pyth Network play a critical role in this process, serving as a bridge between on-chain and off-chain worlds. The Pyth oracle solution specializes in providing financial data with high quality and low latency, sourced directly from reputable market players. As the tokenization of RWAs continues to grow, the importance of these oracles in ensuring integrity and reliability becomes even more significant.","We can’t wait to hear what you think! Feel free to join the Discord and Telegram, and follow Pyth Network on X. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/bringing-the-real-world-on-chain-the-future-of-tokenized-assets"},"/blog/what-happened-to-the-price-of-bitcoin-pyth-case-study":{"version":1,"title":"How Pyth Handled Bitcoin’s Price Fluctuations - Blog - Pyth Network","description":"Bitcoin prices surged and crashed due to ETF rumors, showcasing Pyth Network's confidence interval technology during the volatility.","keywords":"","h1":["How Pyth Handled Bitcoin’s Price Fluctuations"],"h2":[],"h3":["Here’s How it Worked"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Bitcoin prices surged and crashed due to ETF rumors, showcasing Pyth Network's confidence interval technology during the volatility.","Research","Oct 19, 2023","Bitcoin prices fluctuated wildly on Monday as rumors of a Bitcoin ETF approval circulated, were confirmed on Twitter, and then were falsified over the course of an hour.","Pyth Network handled this crash as designed and highlighted the precise scenarios where confidence intervals are crucial.","In the plot below, you can see the Pyth aggregate plotted along with its confidence interval shown shaded in purple, between 13:00 and 14:00 GMT on October 16.","During the peak of the spike, when Bitcoin hovered around 30k on most exchanges, Pyth confidence intervals widened to express uncertainty.","But this is just scratching the surface. Let’s dig deeper.","The plot below shows the aggregate price along with the confidence interval, alongside the minimum and maximum of the active publishers’ prices, and the 25th and 75th percentile of the active publishers’ prices.","As you can see, the 25th and 75th percentile intervals are relatively close, indicating that most publishers tracked the price spike on major centralized exchanges. There were some outliers (high and low), and the Pyth aggregation algorithm effectively filtered these out.","But it gets even more interesting.","The plot below shows the standard deviation amongst active publishers, the interquartile range of the publishers (the difference between the 75th and 25th percentile), and the width of the aggregate confidence interval.","The Pyth aggregation algorithm’s exclusion of outliers is easy to see in this plot: the standard deviation of the publishers is much larger than the interquartile range due to the few outliers.","Rather than peg itself to the range of the outliers, the Pyth confidence interval tracks the interquartile range very accurately.","Let’s take a look at one slot in particular at 13:32:44 GMT that day.","The aggregate price here was $29,545.15. The minimum publisher published a price of $27,938.90 and was the only publisher to publish a price below $29,300. The maximum publisher had a price of $29,596.09. The aggregate confidence interval width was $38.69, taking into account the fact that 26 active publishers were in a relatively tight $300 range and only one publisher was outside of that range.","Zooming into the main period of the spike, 13:30-13:40 GMT, we see visually that the confidence intervals expanded amidst the greater volatility and uncertainty.","Indeed, during that 10-minute stretch, the average aggregate confidence interval width was over $40, or approximately 0.1%.","Over the remainder of that hour, the average aggregate confidence interval width was about $17, or approximately 0.05%.","In fact, over the ~2 minutes where BTC ticked above $29,500, the aggregate confidence interval was on average around $80, or approximately 0.2%.","As reports came out that the rumors of an ETF approval were false, the BTC price on many centralized exchanges quickly dropped down to pre-news levels of around $28,000.","Pyth publishers reflected that price drop in real-time, and the aggregate dropped rapidly. As prices on these venues converged back to around $28,000, publishers’ quotes similarly converged, and the aggregate confidence accordingly decreased.","Of course, pre-news confidence (around $10, or approximately 0.03%) was lower than post-spike confidence (around $18, or approximately 0.03%).","There was greater uncertainty in the price of BTC due to lingering uncertainty around the news and its retraction, which was reflected in both higher price volatility post-spike and greater spread of publisher quotes.","As time went on and uncertainty decreased, so too did the aggregate confidence interval.","All this shows that Pyth Confidence intervals performed as designed and were robust in the face of market uncertainty.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-happened-to-the-price-of-bitcoin-pyth-case-study"},"/blog/how-can-defi-protocols-generate-revenue":{"version":1,"title":"How do Decentralized Finance Protocols Make Money? - Blog - Pyth Network","description":"DeFi protocols need sustainable revenue models to thrive. This post explores typical DeFi revenue generation strategies for developers.","keywords":"","h1":["How do Decentralized Finance Protocols Make Money?"],"h2":["What are DeFi Protocols?","Revenue Model Examples","The Importance of Revenue","How Much Can Protocols Generate?","How Pyth Can Help"],"h3":[],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi protocols need sustainable revenue models to thrive. This post explores typical DeFi revenue generation strategies for developers.","Pyth Primers","Oct 30, 2023","The decentralized finance (DeFi) space is constantly evolving. One important factor in maintaining this growth is for DeFi protocols to establish methods of generating revenue. Understanding these revenue models can give developers a roadmap for achieving sustainable growth.","If you are in the process of setting up your own Decentralized Finance (DeFi) protocol, you may be curious about the potential avenues for generating revenue. This blog analyzes the typical revenue models for DeFi protocols and the different value accrual methods for achieving a self-sustaining platform and ecosystem.","First, let's discuss the basics of DeFi protocols. In simple terms, DeFi protocols are decentralized financial applications and services that use blockchain technology. Like other blockchain technologies, the goal of DeFi protocols is to provide decentralized and transparent alternatives to traditional financial services. These protocols cover a range of financial services, including lending, borrowing, trading, investing, and more—all without the need for intermediaries.","Typically, centralized institutions in traditional finance govern and manage these services. However, DeFi protocols operate differently as they rely on smart contracts. Smart contracts are self-executing agreements powered by the blockchain. They automatically enforce the terms and conditions of a transaction and record them on the blockchain's immutable ledger.","Since DeFi protocols are open and decentralized, anyone with Internet access and a DeFi-compatible digital wallet can participate. This makes DeFi accessible to a wider audience, including areas with limited access to traditional finance systems. Additionally, DeFi protocols have the advantage of seamless integration and communication with other blockchain technologies, creating an interconnected and robust network of interoperability.","In summary, DeFi protocols have the potential to provide more inclusive, transparent, and efficient financial services. With this in mind, let's explore some examples of how these protocols can generate revenue to sustain their operations.","There are several ways for DeFi protocols to consistently generate revenue in a manner that achieves self-sustainability and benefits the ecosystem and users.","The most common method is through transaction fees. When users utilize DeFi services like lending or trading, they may be charged a small fee for using the platform. High-volume DeFi protocols can generate significant revenue from transaction fees. Trading platforms typically include transaction fees as a revenue-generating mechanism.","For instance, Uniswap, a leading decentralized exchange, charges a 0.3% fee on trades. This not only incentivizes liquidity providers but also funds the continuous development and maintenance of the platform.","Lending protocols, on the other hand, will generate revenue through extracting a few bps between the borrow and lending rates. This fee is distributed to both the liquidity provider and the protocol itself. By doing so, liquidity providers are incentivized to support the platform and contribute to its growth.","Token appreciation is a viable option for larger DeFi protocols that have their own native token. Users can purchase and hold these tokens, leading to potential price appreciation as demand increases. The protocol usually distributes a portion of the tokens to the public through an airdrop or an initial DEX offering (IDO), while retaining a share for itself. The protocol can sell these tokens to generate revenue and support its operations.","Revenue is essential for DeFi protocols as it covers initial development costs and maintenance. However, its benefits go beyond that. Revenue also supports the growth of the protocol and enhances its usefulness to users.","Consistent revenue generation directly benefits stakers and token holders. DeFi protocols that offer revenue-sharing features can provide higher APR and fees for those who stake or provide liquidity. When platform participants see increased rewards or ROI, they become more engaged and supportive of the protocol's functionality.","When a DeFi protocol operates effectively, it attracts more users, resulting in increased liquidity and revenue. Decentralized exchanges also experience higher trade volumes, leading to more efficient and cost-effective trading.","As a result, revenue contributes to a stronger protocol and a more engaged user base, leading to growth and further revenue. This positive feedback loop incentivizes active users and enhances the platform's visibility, attracting even more users.","Revenue generation is related to the concept of yield farming. Yield farmers utilize the revenue-sharing mechanism of the protocol to maximize their profits by compounding interest. A protocol generating more revenue could set up an incentives model to attract more yield farmers, resulting in increased liquidity and rewards for all participants.","Now that you understand how DeFi protocols can generate revenue and why this is important, you may be curious about the typical amount of revenue these protocols generate. Since DeFi operates on the blockchain, this information is readily available through public resources. All transactional data conducted is recorded on-chain.","Compiling all of this data is not necessarily simple, however. You can use a blockchain explorer to search through a protocol's transactions, which can be time-consuming. Alternatively, blockchain data aggregators can provide a more comprehensive overview of a protocol's transaction history and information. One such example in the DeFi space is DefiLlama, which aggregates verified information on the top DeFi protocols including, revenue, yields and total value locked across multiple blockchain ecosystems.","Whether you are researching DeFi revenue numbers for investment purposes or building your own DeFi protocol, taking the time to find and compile these figures can provide valuable insights into the DeFi landscape.","If you are creating your own DeFi protocol and intend to generate revenue from it, it is crucial to have the necessary tools to ensure that your protocol is efficient and valuable to users. One way to achieve this is by integrating your protocol with reliable, low-latency market data from institutional-quality sources.","The Pyth Network provides a cost-effective solution for connecting your DeFi application to high-quality oracle feeds for your mission-critical systems. You can get started with the documentation or reach out.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 20, 2023","Oct 16, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-can-defi-protocols-generate-revenue"},"/blog/the-best-of-defi-and-cefi-with-c3-interview":{"version":1,"title":"The Best of DeFi and CeFi with C3 | Interview - Blog - Pyth Network","description":"C3 launches: A self-custodial exchange bridging centralized & decentralized finance. Offering speed & liquidity while retaining user control.","keywords":"","h1":["The Best of DeFi and CeFi with C3 | Interview"],"h2":["Questions"],"h3":["What is C3 and what makes it different from other exchanges?","What are the benefits of using a self-custodial exchange over a custodial one?","How does C3.io support multiple blockchains and wallets?","C3 offers margin trading and funding. Can you comment more on how the platform delivers this safely and what the general users are for this feature?","How does C3 handle liquidity and order matching?","What are some of the features and advantages of its hybrid exchange model?","What are the reasons behind C3’s decision to go with the Pyth Network and its oracles solutions?","What’s next on the roadmap for C3?","How can users get started?"],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","C3 launches: A self-custodial exchange bridging centralized & decentralized finance. Offering speed & liquidity while retaining user control.","Consumer Highlights","Oct 27, 2023","In the ever-evolving world of decentralized finance (DeFi), innovation continues to reshape the landscape. Today, we're thrilled to introduce C3, a self-custodial exchange that bridges the gap between centralized (CEXs) and decentralized exchanges (DEXs).","While DeFi has seen remarkable growth, users have grappled with the trade-offs between CEXs and DEXs. Centralized exchanges offer liquidity and speed but come with the need to trust third parties with custody. Decentralized exchanges, on the other hand, offer trustless trading but often face issues of liquidity, performance, and user-friendliness. C3 aims to transcend these limitations by providing a unique blend of features that combine the best of both worlds.","“It's about trust without compromise. That is why we're re-imagining DeFi to optimize for what actually matters: giving people full control of their assets without sacrificing performance.”","We’re joined today by the C3 team for an interview on their approach to building a cross-chain, self-custodial exchange and how Pyth Price Feeds allow them to deliver “trust without compromise”.","C3 is a next-generation self-custodial exchange that separates custody from trading. It is different from other exchanges in that it allows users to trade cryptocurrencies on a world-class platform, knowing that they have full control over how they custody their funds without having to rely on the exchange to hold and secure them. This makes it resistant to insolvency risks and gives users more flexibility.","Moreover, despite its decentralized nature, C3 has no trade-offs. It offers all of the functionality of traditional exchanges, including instant execution, high throughput, REST APIs, Websocket connectivity, advanced order types, and support for all networks while remaining completely trustless.","Self-custodial exchanges offer a number of benefits over custodial exchanges, including:","Control of your own funds: With a self-custodial exchange, you are in full control of your own private keys, which means that you are the only one who can access your funds. This is in contrast to custodial exchanges, which hold your private keys on your behalf.","Flexibility and optionality: By being self-custodial, users have the freedom to choose the best solution for their needs, regardless of the nature of their trading. They can use any of their favorite wallet providers, a regulated custodian, or their own proprietary solution.","Reduced risk of hacks and fraud: Self-custodial exchanges are generally less vulnerable to hacks and fraud than custodial exchanges, as they do not store your funds on their servers.","Increased privacy: Self-custodial exchanges typically do not require you to provide any personal information to create an account, which protects your privacy.","In addition to these benefits, I believe that self-custodial exchanges are essential to the long-term success of the cryptocurrency industry. By giving users full control over their own funds, self-custodial exchanges actually leverage the innovations and promote the values of this technology.","C3 is designed so that users can smoothly deposit assets and trade from any blockchain network. This is done by consolidating asset balances from all supported blockchains into a unified layer, facilitated by C3’s on-chain component built on the Algorand blockchain. This unified settlement layer affords C3 a coherent view of all assets, enabling efficient balance management and transparent trade settlement.","This is made possible through the integration of Wormhole, a cross-chain interoperability protocol, which processes deposits and withdrawals to and from C3's smart contracts.","Lastly, the on-chain component of C3 supports multiple signing algorithms such as ECDSA and EdDSA. This ensures that the C3’s smart contracts can verify signatures from virtually any wallet and network, allowing users to access and use C3 from any blockchain and wallet of choice.","As mentioned, C3 offers spot-margined trading for traders looking to short or trade with leverage. The funds for margin trading on C3 are sourced from other users who lend their assets via C3's Earn offering and earn a yield in return.","To do this, C3’s risk management infrastructure employs a two-tiered verification process, significantly enhancing the security and reliability in margin trading operations. Initially, the off-chain risk engine, residing in C3's server, serves as the first layer of validation. It calculates the health of user portfolios and pre-approves trades based on the assets held. This proactive analysis ensures that the trades are within the acceptable risk parameters without sacrificing performance.","Following this, the on-chain component provides a secondary layer of verification using Pyth’s price oracle to independently re-evaluate the health of margined operations. This on-chain validation powered by Pyth ensures that the verification is conducted in a decentralized and trustless manner, independent of the server. This design significantly enhances the security framework of C3, as it ensures that the risk assessment and trade approvals are not solely dependent on a server, but are further validated on the blockchain in a transparent and trustless way.","Unlike most Decentralized Exchanges that employ Automated Market Makers (AMMS), C3 uses a traditional Central Limit Order Book (CLOB) for its spot markets and leverages a hybrid architecture combining off-chain and on-chain components for maximum performance and security. The off-chain component handles instant trade processing and order matching, while the on-chain component handles trustless trade settlement.","The off-chain component hosts the CLOB and serves as the trading hub where trade operations are received, approved, and matched by the risk engine and matching engine, respectively. All trades are recorded in a database, while matched trades are sent to the blockchain for settlement.","The on-chain component of C3 verifies every single matched trade by validating the signatures of both buyer and seller and the health of their accounts before allowing settlement to take place and transferring ownership of the traded assets. These settlements are all processed in a trustless and transparent manner by the C3 smart contracts on-chain..","This hybrid exchange model offers a number of advantages, including:","Performance: The off-chain component can process trades much faster than on-chain order books, resulting in faster trade execution and lower latency.","Scalability: The off-chain component can handle a much larger volume of trades than on-chain order books, making it ideal for high-volume trading markets and programmatic traders.","Gasless: All trade operations are completely gasless as they do not require users to pay on-chain transactions or gas fees for every single posted and canceled order, making C3 more cost-effective for users.","Privacy: Off-chain order books keep trade activity private, allowing traders to keep their open trades confidential.","Features: Off-chain servers can be leveraged to implement sophisticated features such as advanced order types including TWAP, VWAP, and conditional orders.","Security: The on-chain component verifies every single matched trade before allowing settlement to take place, ensuring that all trades are valid and that users have sufficient funds.","Trustless: All trades are settled directly in the blockchain by smart contracts that operate autonomously and in a completely trustless and transparent manner.","Overall, C3's hybrid exchange model is designed to offer users the benefits of both centralized and decentralized exchanges, offering performance and accessibility while remaining trustless and non-custodial at all times.","C3 chose Pyth as its price oracle solution because of its accuracy, real-time data, decentralization, and transparency. Pyth's data is sourced from a diverse set of professional market makers and exchanges and is aggregated and validated using a sophisticated algorithm. This ensures that Pyth's data feed is the most accurate and reliable out there. Pyth also provides real-time price data, which is essential for hybrid exchanges like C3 that need to make decisions quickly. Additionally, Pyth is a decentralized oracle network, which means that it is not controlled by any single entity. This makes Pyth more resistant to censorship and manipulation. Finally, Pyth's data is transparent and publicly accessible. This allows users to verify the accuracy of the data and to understand how it is calculated.","Overall, C3 believes that Pyth is the best-priced oracle solution and the golden standard in the industry. Its accurate, real-time, decentralized, and transparent price feed is essential for C3 to provide its users with secure and trustless trade settlements.","C3's roadmap for the near future includes:","Public Mainnet: The event we've all been waiting for. The real thing with real money.","Launching on more blockchains: C3 is committed to becoming the most accessible and user-friendly DeFi exchange, and that means supporting as many blockchains as possible. C3 is planning to launch on a number of new blockchains in the coming months, including Solana, Avalanche, and Polygon.","Adding more trading pairs: C3 is also committed to offering its users the widest possible range of trading pairs. C3 is planning to add a number of new trading pairs in the coming months, including pairs for popular altcoins and stablecoins.","Improving the trading experience: C3 is constantly working to improve the trading experience for its users. C3 is planning to add new features and functionality in the coming months, such as advanced order types and charting tools.","Integrating more assets using Pyth price oracles: C3 is committed to using Pyth price oracles to provide its users with the most accurate and reliable price data possible. C3 is planning to integrate more assets using Pyth price oracles in the coming months.","Overall, C3 is focused on expanding its reach, improving its trading experience, and providing its users with the best possible trading experience.","Check out C3’s testnet here, connect your favorite wallet from the blockchain of your choice, and start trading. Funds can be deposited from different blockchains using multiple wallets.","To keep in touch, get announcements before everyone else, and participate in our community events, join our Twitter and Discord.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on X, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 6, 2023","Sep 21, 2023","Sep 6, 2023","Aug 16, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-best-of-defi-and-cefi-with-c3-interview"},"/blog/pyth-launches-on-boba-network":{"version":1,"title":"Pyth Launches on Boba Network - Blog - Pyth Network","description":"Pyth oracles now on Boba Network: Access 350+ price feeds for ETH & digital assets. Boosts DeFi dApps via Layer 2.","keywords":"","h1":["Pyth Launches on Boba Network"],"h2":[],"h3":["Boba Network","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Boba Network: Access 350+ price feeds for ETH & digital assets. Boosts DeFi dApps via Layer 2.","Blockchains","Oct 31, 2023","We're excited to announce that Pyth’s low-latency pull oracles for market data are now available on the Boba Network, a compute-focused Layer 2 solution built on top of Ethereum. The Pyth Network is also launching its BOBA/USD price feed, available on the Boba Network and 40+ other blockchains.","Developers on the Boba Network (ETH) can now permissionlessly access Pyth’s 350+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. Boba dApps like Exotix and Lynx are already #PoweredByPyth.","The integration of Pyth on Boba Network is a testament to the evolving synergy between cutting-edge technology and the future of decentralized finance,” said Curtis Schlaufman, Global Head of Marketing at Enya Labs core contributor to Boba Network. “In a rapidly evolving digital landscape, it's partnerships like these that empower developers and users alike, ensuring that the Boba Network remains at the forefront of innovation.”","“We’re excited to see the Pyth Network and its 350 Price Feeds expanding to the Boba Network. For the past few years, layer 2 solutions have experienced significant growth and adoption from both developers and users,” said Marc Tillement, Director, Pyth Data Association. “As a leading oracle network on various Ethereum L2s, we look forward to seeing Boba developers grasp the opportunity to be #PoweredByPyth and build the future of finance on their chain.”","Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum and BNB. Boba Network supports lightning-fast transactions and fees anywhere from 40-100X less than other layer-1s. Additionally, Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain. HybridCompute™ allows developers to leverage off-chain computing and real-world data to build hybrid dapps.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 35 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Boba community, you will soon see many more tokens supported on the network as well as Boba applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Updates","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-on-boba-network"},"/blog/blog-newsletter-47-it-will-happen":{"version":1,"title":"It Will Happen | Newsletter #47 - Blog - Pyth Network","description":"Pyth Network Whitepaper 2.0 released: Details cross-chain oracle network & on-chain governance for a permissionless mainnet transition.","keywords":"","h1":["It Will Happen | Newsletter #47"],"h2":["Pyth Network Whitepaper: Version 2.0","Understanding the PYTH Tokenomics","All Your Chains Will Be #PoweredByPyth","#PoweredByPyth Applications"],"h3":[],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network Whitepaper 2.0 released: Details cross-chain oracle network & on-chain governance for a permissionless mainnet transition.","Newsletter","Oct 31, 2023","On September 28, the Pyth Data Association released the Pyth Network Whitepaper 2.0.","The new whitepaper introduces the oracle network's cross-chain model for price delivery and outlines the expected responsibilities and scope of the Pyth protocol's on-chain governance. The whitepaper aims to support the community in governing the network during its transition to a permissionless mainnet state. This development follows after the announcement of Douro Labs, the newest Pyth Network core contributor.","The Pyth Network has undergone significant development since its initial launch on Solana mainnet-beta two years ago. There are major community discussions for the Pyth Network community, including the topics of staking and slashing, the addition of new network participants alongside publishers and consumers, and the structure of cross-chain update fees.","To read more about Pyth Whitepaper 2.0, you can explore the blog post.","As discussed in the Tokenomics blog post, the primary purpose for token-based governance is empowering token-holders to help shape protocol development. It’s important for the community to prepare for informed governance participation.","As discussed in the whitepaper, Pyth Governance can help define the high-level parameters of other network mechanisms. On-chain governance is responsible for making various decisions and taking various network actions:","Determining the structure of update fees.","Determining the reward distribution mechanism for data providers.","Determining how data providers will be permissioned to provide data for price feeds.","Approving software updates to on-chain programs across chains.","Determining how new symbols (feeds) are listed and their reference data (e.g. reference exchanges).","New topics, with respect to on-chain governance, may be established by the DAO.","Pyth Price Feeds are now live on the following blockchain ecosystems.","Shimmer, the official L1 staging and validation network of the IOTA distributed ledger technology (DLT), has now access to Pyth’s 350+ permissionless price feeds.","Scroll, the highly-anticipated zkEVM, is now #PoweredByPyth","Astar zkEVM (testnet) now features Pyth Price Feeds for their developer community","The Pyth Network continues to welcome new dApps to the community. A quick list will suffice:","New dApps Using Pyth","C3 — a self-custodial exchange that utilizes a hybrid architecture, combining off-chain and on-chain components for maximum performance and security.","Bluefin — a decentralized exchange (DEX) for derivatives currently offering perpetual swaps trading with up to 20x leverage using isolated margin. The exchange is non-custodial and uses an off-chain order book for efficient price discovery.","Angle Protocol — the stablecoin protocol behind $agEUR built on Ethereum.","Levana — a decentralized perpetual trading platform. Levana's fully-collateralized model provides easier and safer access to leverage trading rewards and benefits.","Perennial — a cash-settled derivatives protocol. It allows developers to launch any synthetic market with just a few lines of code.","LEXER — a decentralized perpetual trading platform supporting a wide range of markets with deep liquidity.","BMX — a decentralized perpetual exchange focused on bringing the highest capital efficiency to liquidity providers.","PopFi — a futures and binary options protocol on Solana.","Rollie Finance — the first native perpetual decentralized exchange on Scroll Mainnet, one of the most secure, cheapest transaction fees, and fastest finality zkEVM Ethereum scaling Layer 2 live in the market.","OptionBlitz — a decentralized trading platform built on the blockchain. You can buy different types of options including binary options, barrier options, American options, European Options, and Turbos.","Rolla — a DeFi crypto options trading platform providing free, instant, and liquid options markets.","Lyve — a protocol that supports various interest-bearing assets for Yield Farming. Users can not only stake LSD (such as lido, rocketpool, fraxeth, etc.) to farm but also stake LP assets.","Sphere — a payments infrastructure for the next generation of the internet.","Kamino — an automated liquidity solution, built on DEXs operating concentrated liquidity market makers (CLMMs) aiming to improve yields generated by LPs.","SpedX — a decentralized perps platform on Solana, leveraging the CLOB and AMM model.","Deepr Finance — a secure decentralized lending platform, providing equal and unhindered financial access to lending and borrowing of crypto assets on the Shimmer network. The platform will support earning of interest on inactive crypto assets, whilst providing access to loans against collateral held on the platform.","Virtue Money — an over-collateralized stablecoin platform on #Shimmer with 0% interest rates and multi-collateral assets.","LendeXe — an advanced on-chain stablecoin, secured by a stablecoin merger and crypto lending.","Laevitas — delivers actionable intelligence to you with high quality, multi-asset data from the crypto derivatives markets, Bitcoin and Ethereum Futures.","DeFi Partners Updates","After expanding to Scroll, LayerBank will soon expand to Manta. Going to new chains is seamless thanks to Pyth data being available across 40 ecosystems.","Catch up with Drift, the leading derivatives and cross-margined perpetual futures protocol on Solana, and how the project has grown from its inception to its V2.","Learn more about how Thales is breaking new ground with its innovative markets and community governance here.","Six months after the arrival of Pyth Data on TradingView and our easy-to-use plugin, we showcased the protocols leveraging the TradingView Charts #PoweredByPyth. Read here.","New Data Publishers","NOBI, a prominent crypto asset management platform based in Indonesia","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/blog-newsletter-47-it-will-happen"},"/blog/pyth-network-retrospective-airdrop-eligibility-and-distribution-specifications":{"version":1,"title":"Pyth Retrospective Airdrop: Eligibility Requirements - Blog - Pyth Network","description":"Pyth Network’s Retrospective Airdrop rewards over 90,000 wallets for activity across 27 blockchains & 200 dApps, fostering oracle growth.","keywords":"","h1":["Pyth Retrospective Airdrop: Eligibility Requirements"],"h2":["On-Chain Activity Specifications","Community Activity Specifications","Safety Notice"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s Retrospective Airdrop rewards over 90,000 wallets for activity across 27 blockchains & 200 dApps, fostering oracle growth.","Announcements","Nov 1, 2023","The Pyth Network Retrospective Airdrop was announced on November 1, 2023. This airdrop program will deliver PYTH Tokens to a number of stakeholders throughout the Pyth Network ecosystem.","This airdrop program is, to our knowledge, the largest of its kind. More than 90,000 wallets will be eligible to receive PYTH Tokens based on their on-chain activity on 27 blockchains and more than 200 decentralized applications. We remain committed to fostering a vibrant oracle ecosystem.","The categories of eligible recipients for an airdrop allocation:","Active DeFi participants who have interacted with decentralized applications that use Pyth data","Active community members who participated in the network’s social media channels","Decentralized applications that use the Pyth Network","The allocation amounts for DeFi participants are calculated according to their on-chain activity with dApps using Pyth data.","The allocation amounts for community members are based on specific social criteria: holding special roles in the official Discord server, holding Pyth NFTs, and becoming an outperforming member of one of the official Pyth Network Ambassador Programs.","Airdrop allocations for decentralized applications that use Pyth Network’s data are based on the number of oracle calls made to the Pyth Network.","This technical blog post will delve into the criteria for DeFi participants and community members. Details about allocations for the decentralized applications will be discussed in due course.","Update: November 1, 2023: A small patch for the UI for EVM wallets was added. Please feel free to re-connect your EVM wallets again to check eligibility.","DeFi Participants—The snapshot for individuals’ on-chain activity with decentralized applications that use Pyth Network’s data was on Sep 1, 2023. At the time of snapshot, Pyth Price Feeds were active on 27 blockchains. Frequent users of decentralized apps on these blockchains became eligible for an airdrop allocation based on their amount of on-chain activity. On-chain interactions with dApps were analyzed and assigned allocation amounts as follows:","On-chain interactions with the Pyth contracts and consumer contracts on each chain were analyzed. This set of wallets was then significantly reduced by applying anti-Sybil analysis techniques. The exact techniques used are not described.","Removing wallets based on existing blacklists resulted in a set of 73,815 unique address-chain combinations. Within each blockchain ecosystem, wallets were ranked by the number of interactions with the Pyth Network and were divided into three buckets, each consisting of approximately 33% of the total. Similarly indexed buckets were combined across chains to yield three overall buckets of users.","The total allocation of 200 million tokens to DeFi users was split across these buckets as follows: 55% to the top third, 30% to the middle third, and 15% to the final third.","The splitting process resulted in buckets of wallet addresses with [27163, 27581, 20333] addresses across the three buckets. Based on the allocation split across the buckets of eligible addresses, a per-address allocation of [4049, 2175, 1475] PYTH tokens was arrived at for the three buckets.","To become eligible for one of the buckets, an individual would have to have surpassed a specific number of transactions depending on the blockchain. Each blockchain has a different threshold for transaction count, with less active chains generally having a lower threshold count of transactions needed. For example, the cutoff for the top and middle buckets for Solana is 26 and 8 respectively, compared to 5 and 2 for BNB Chain.","Community Members—Community activity criteria are defined as one of the following: holding a special role in the official Pyth Network Discord server, holding a Pyth Network NFT, or becoming an outperforming member of one of the official Ambassador Programs. The snapshot for holding a special Discord role or qualifying NFT was on October 25, 2023.","Community activity was captured via a global snapshot of SPL wallets. Transferring NFTs before or after the snapshot therefore cannot make new wallet addresses eligible for the airdrop program.","Readers are strongly advised to exercise caution and be wary of potential scams. Always ensure that any webpages related to the Pyth Network that you visit have the pyth.network domain. Similarly, please verify that any Pyth Network social media channels you visit are listed in the official community hub. Official Pyth Network community moderators will never message you first or ask you for personal information. You can learn more about the airdrop program from the Pyth Network Retrospective Airdrop page.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here. You can find bug bounty details for Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-retrospective-airdrop-eligibility-and-distribution-specifications"},"/blog/pyth-network-retrospective-airdrop":{"version":1,"title":"Pyth Retrospective Airdrop: Phase 1 - DeFi Participants - Blog - Pyth Network","description":"Pyth Network launches a cross-chain airdrop rewarding contributors to its oracle ecosystem & applications across 27 blockchains. Check eligibility!","keywords":"","h1":["Pyth Retrospective Airdrop: Phase 1 - DeFi Participants"],"h2":["About the Airdrop","Eligibility Criteria","Airdrop Claiming Details","Determining Eligibility Criteria","Safety Notice"],"h3":["Eligibility Criteria Breakdown"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches a cross-chain airdrop rewarding contributors to its oracle ecosystem & applications across 27 blockchains. Check eligibility!","Announcements","Oct 19, 2023","Today marks the unveiling of the Pyth Network Retrospective Airdrop. This airdrop is a cross-chain program and an expression of deep appreciation for the dedicated community of the Pyth oracle ecosystem.","Pyth Network community members who have contributed to the oracle network, applications across 27 blockchains that use Pyth data, and the individual users of those applications are all eligible for this airdrop program.","Readers can check their eligibility and allocated PYTH Token amounts by using this airdrop check webpage and connecting their wallet(s).","Please note that, as of November 1, 2023, the date when eligible participants can claim their airdrop allocations has not been announced. You can follow the official Pyth Network social channels to stay updated.","This is the largest cross-chain, usage-oriented airdrop program we know of in Web3 and DeFi. Over 90,000 wallets will be eligible to receive PYTH Tokens based on their on-chain activity across 27 blockchains and over 200 decentralized applications.","This blog post will provide information about the airdrop program, as well as the eligibility criteria for receiving an allocation. More details will be announced on how eligible individuals and dApps using Pyth data can claim their allocations.","Update: November 1, 2023: A small patch for the UI for EVM wallets was added. Please feel free to re-connect your EVM wallets again to check eligibility.","Update: November 15, 2023: The snapshot for on-chain activity by DeFi users of dApps using Pyth Network was revised for greater inclusivity. An additional ~55M PYTH has been added to the overall airdrop, bringing the total and final allocation to approximately 255M PYTH Tokens.","Update: November 16, 2023: The Claim Process for the Pyth Network Retrospective Airdrop will open on Monday, Nov 20 and remain open to eligible participants until Feb 20, 2024, at 6 PM UTC. Stay tuned for more details on launch timing and claim instructions.","The purpose of the Pyth Network Retrospective Airdrop Program is to stimulate participation in on-chain governance and bring the Pyth Network to a permissionless, decentralized, and self-sustainable mainnet state.","As discussed in the PYTH Tokenomics blog post, the general purpose of token-led governance is enabling the wider community to help shape the protocol’s development. You can learn more about the high-level scope of Pyth Governance in the Pyth Network Whitepaper 2.0.","The PYTH Tokens allocated for this airdrop are from the “Community and Launch” category. Up to 6% of the total supply (600 million PYTH Tokens) are available to eligible participants, including 100,000,000 PYTH Tokens for dApps,  ~255,000,000 PYTH Tokens for on-chain activity by DeFi participants, and 10,000,000 PYTH Tokens for active community members.","The PYTH Token is in the Solana Program Library (SPL) standard, meaning it is native to the Solana blockchain.","Eligibility for the Pyth Network Retrospective Airdrop Program is based on contributions to the Pyth Network ecosystem and usage of the Pyth oracle.","You may be eligible for an airdrop allocation if you have participated in one of the following ways:","The airdrop program is backwards-looking and the snapshots for on-chain and social activity have already been completed.","Readers can check their eligibility using this airdrop check webpage and connecting their wallet(s).","Rest assured that there will be future opportunities to participate in the network. The contributions by the community are sincerely appreciated. You can learn more about the Pyth Network community here.","DeFi Participants—You may be eligible for an airdrop allocation if you performed on-chain activities on dApps that use Pyth Network data in the following blockchain ecosystems:","Community Members—You may be eligible for an airdrop allocation if you hold any of these official Discord roles, hold any of these official Pyth Network NFTs, or have outperformed as a member of the Pyth Network Ambassador Program.","Note: a global snapshot has been completed. Transferring Pyth Network NFTs or gaining new official Discord roles will not make new wallets eligible.","Decentralized Apps Using Pyth Data—Details on how decentralized application teams and DAOs can check their allocation amounts will be announced in due course.","As of November 1, 2023, there have been no announcements on how eligible individuals or dApps can claim their airdrop allocation. Further updates will come through official Pyth Network social channels. If you have any questions, you can visit the official Pyth Network Discord and Telegram.","Users of decentralized apps on Pyth-supported blockchains are eligible for an allocation based on their on-chain activity. Their interactions with dApps on the blockchain were analyzed, and allocation amounts were assigned as follows:","All wallets that interacted on-chain with the Pyth Network’s price feeds were analyzed. After anti-Sybil techniques were applied and blacklisted wallets were removed, the remaining wallets were ranked by number of interactions within each chain.","Each chain was split into three buckets of similar sizes, and similarly indexed buckets across the chains were combined to yield three overall buckets of users. The total allocation was split across these buckets as follows: 55% to the top third, 30% to the middle third, and 15% to the final third.","You can read more about the calculations for both on-chain interactions and community activities in the Airdrop Eligibility and Distribution blog post.","Readers are strongly advised to exercise caution and be wary of potential scams. Always ensure that any webpages related to the Pyth Network that you visit have the pyth.network domain. Similarly, please verify that any Pyth Network social media channels you visit are listed in the official community hub. Pyth Network community moderators will never message you first or ask you for personal information. You can learn more about the airdrop program from the Pyth Network Retrospective Airdrop page.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here. You can find bug bounty details for Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-retrospective-airdrop"},"/blog/what-is-the-pyth-network":{"version":1,"title":"Everything You Need to Know About the Pyth Network - Blog - Pyth Network","description":"DeFi relies on oracles like the Pyth Network to securely connect blockchain apps to real-world financial data. It’s a key innovation.","keywords":"","h1":["Everything You Need to Know About the Pyth Network"],"h2":["Why Do We Need Another Oracle?","How Pyth Works","The Pyth Network Components","The Pyth Network Products","Addressing the Limitations of Legacy Oracles","Ecosystem and Governance","Summary"],"h3":["The Legacy Model for Data Distribution","A New Model for Data Distribution","The Future of DeFi is First-Party","Data Providers","The Pyth Protocol","Data Users","Pyth Price Feeds","Pyth Benchmarks","1. Low-Latency, High-Frequency Updates","2. Price Feed Coverage and Multi-Chain Availability","3. High-Resolution, High-Fidelity, Transparent Data"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi relies on oracles like the Pyth Network to securely connect blockchain apps to real-world financial data. It’s a key innovation.","Education","Nov 3, 2023","Decentralized finance (DeFi) promises to revolutionize the way we manage our money and empower individuals to take control of their financial lives. The vast majority of DeFi services require a blockchain oracle—a secure, reliable method for blockchain applications to obtain financial data from the external world.","Enter the Pyth Network, the largest first-party oracle network for publishing financial market data on-chain. The network sources its data from over 90 first-party data providers, including some of the biggest exchanges and market makers. Pyth offers real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains.","Since April 2021, the contributors of the Pyth Network have been working to provide Web3 developers with hundreds of real-time price feeds. The mission is to make all of the world's financial market data available on the blockchain for developers everywhere.","With the blockchain industry moving towards a future of high throughput DeFi, there is a rapidly growing demand for low-latency, high-frequency on-chain data. This blog post delves into the Pyth Network’s role in enabling this transformation.","The Pyth Network is not the first blockchain oracle. The contributors behind Pyth began this project in DeFi Summer of 2020 because they noticed a gap in blockchain infrastructure that held back the promises of the blockchain space. Simply put, a price oracle for ultra-low-latency, institutional-quality market data did not exist. Web3 developers felt this gap in three ways:","1. Speed: Oracles were not updating fast enough for many financial use cases.","If prices on the blockchain are slower than real-world markets, then DeFi services will be inaccurate and even vulnerable to malicious attacks. These restrictions prevent developers from building sophisticated financial services. At the time, price oracles only updated every 10-60 minutes or ‘heartbeat’, which cannot support use cases that require low-latencies and high-frequency updates.","2. Coverage and Availability: Developers did not have access to the price feeds they needed.","Developers need access to certain assets or markets to serve their users. Developers cannot deliver financial services if the relevant price feeds are not available on their blockchain of choice. Legacy oracles could have e.g. 200 price feeds on Ethereum but only 8 on a newer chain like Base. The same oracle could also support multiple chains but have only a few price feeds that are available on all supported chain. These limitations can delay a protocol’s roadmap.","3. Sourcing and Quality: Data was opaque and came from aggregated, third-party sources.","Price oracles can be responsible for securing billions of dollars of smart contract value. But if the ultimate source of their data is opaque, developers and users cannot trust the quality of the prices they receive. Additionally, it will be difficult to hold these sources accountable for their prices, especially if the oracle is collecting these prices from public aggregator services or scraping services. Developers must be able to verify the inputs from their oracle's data sources and understand the reputations at stake.","The Pyth Network is designed to solve these three limitations. These shortcomings arose because traditional oracles were designed based on a fundamental misunderstanding of how financial data works.","The implicit premise behind many legacy oracles is that all data, including financial data, is freely available in the Web2 space. According to this approach, the oracle provider simply needs to incentivize network participants to fetch this data, come to a consensus, and bring it on-chain.","A network of nodes will collect or scrape data from public resources, including aggregators compiling third-party data from other undisclosed sources. This method of data sourcing may work for public datasets such as weather or sports data. However, when it comes to financial data, the oracle must make compromises in terms of data quality, costs, and scaling. Furthermore, some financial data cannot be redistributed freely due to IP laws.","Consider the financial exchange industry. In 2022, the largest traditional exchanges earned $6.6B in total for data fees alone. Subscriptions to professional data terminals like Bloomberg costs tens of thousands of dollars per year. Even crypto exchanges like Coinbase have started charging for market data. The financial data industry operates as a walled garden.","The alternative solution—non-paywalled data—is either delayed for free users or aggregated by freemium services not tailored for smart contracts. Legacy oracles cannot access the first type of valuable data without violating IP laws. Smart contract developers therefore get the second-best data, at the expense of DeFi users.","The Pyth Network is built on the understanding that financial data is valuable and not freely attainable. Instead of serving a rough approximation of this data, the Pyth protocol empowers and incentivizes original owners of financial data to contribute it directly to the blockchain. The network’s data sources are called “first-party” because they create and own the data that they contribute.","It is helpful to visualize Pyth as a decentralized marketplace for market data. On the one side, creators of proprietary data represent the suppliers. Applications using this data represent the consumers. In the same way that Airbnb brought more vacation homes and spare rooms to the travel industry, Pyth Network unlocks more high-quality data for the blockchain industry by incentivizing data owners to contribute.","One might ask why Pyth Network’s architecture will remain the industry’s new go-to financial oracle. The answer lies in the long-term implications of first-party price data.","Pyth Network’s first-party data model future-proofs it for DeFi’s expansion into new asset classes such as energy, treasury rates, and real-world assets which do not have free-to-access equivalents online. The distribution rights that come with Pyth's first-party data provider community ensure that the network is prepared for DeFi's expansion. If DeFi grows to serve millions or even billions of users, we should expect that it will offer new markets. Oracles need to be where DeFi grows.","A helpful illustration of these different architectures is to think of music streaming services. Reporter oracle networks are analogous to Napster, where CD purchases act as network nodes who purchase instances of the original music and distribute it to the Internet of listeners.","Napster faced severe legal consequences and spam attacks because of this model. Spotify provided a streamlined solution where musicians and record labels can directly stream to subscribers and earn from the platform’s economics. Pyth is analogous to Spotify in its acknowledgment and rewarding of owners of intellectual property—in this case, financial data.","Pyth Network is the largest publisher oracle network with over 90 first-party data sources publishing directly to the network. In this network, the nodes own and publish their data directly on-chain.","Because Pyth’s data providers are the owners of the data they contribute, the financial data can be freely distributed across the blockchain space and beyond. This data distribution model also maximizes access to information and removes middlemen costs for data consumers. The design brings speed and cost advantages which enables Pyth to scale to thousands of symbols and near limitless blockchains in coverage.","In contrast, most legacy oracles are reporter oracle network, where nodes carry data over the last mile from API endpoint to on-chain consumption. In this network design, the nodes must purchase the data from first-party sources or other middlemen for transmission. These networks are constrained by the cost, speeds, and output formats of the purchased data. You can learn more about the sustainability differences between publisher and reporter oracle networks here.","Although there is no single right way to design an oracle network, the Pyth Network is designed to scale without speed, pricing, or distribution constraints. The goal is to enable the next generation of Web3 capital markets.","The next section breaks down the Pyth Network to its core components to help illustrate how its core products work.","The Pyth Network allows market participants to publish pricing information on-chain for applications to use. The protocol is an interaction between:","Data providers submit pricing information to Pyth's oracle program. Pyth has multiple data publishers for every product to improve the accuracy and robustness of the system.","The Pyth protocol combines providers' data to produce a single aggregate price and confidence interval.","Data users read the price information produced by the oracle program.","It is important to understand that the Pyth Network itself is not a source of data. Data providers supply data to the network, and data users demand this data. The Pyth protocol, as a decentralized marketplace, aggregates the data providers’ contributed data in preparation for delivery to applications across multiple blockchains.","The Pyth Network data provider community is comprised of global exchanges, trading firms, market makers, and other institutional as well as decentralized market participants. These providers are the creators, and therefore owners, of their price data. The data providers contribute their idea of the price of assets e.g. Bitcoin to the network for the Pyth Price Feeds.","Though it may seem counter-intuitive, there is no single true price of an asset. There is the price you can trade an asset at, which is generated by exchanges; and there is the most recent transaction price of that asset, which is generated by traders. Pyth’s data provider community specializes in these two types of price data.","The Pyth protocol aggregates the data providers' inputs to produce a single aggregate price and confidence interval every 400ms for each price feed. This aggregation mechanism lives on an application-specific blockchain called Pythnet.","Consider the symbol BTC/USD. Each provider reports both their price and a confidence interval estimate for Bitcoin to the BTC/USD price feed on Pyth. For example, a provider may provide a price of $30,000 ± $5. Multiple providers contribute their inputs for any price feed, resulting in a robust, accurate output.","Pythnet is configured to be a proof-of-authority chain. It runs a version of the Solana validator and is a completely separate network from Solana mainnet-beta. The Pythnet appchain processes data from various providers, combining their inputs to produce a unified price and confidence interval for each price feed.","The aggregation algorithm is designed to make each price feed robust to outliers and manipulation, weigh each data source appropriately based on their accuracy, and reflect variations between data providers’ prices an aggregate confidence band. The aggregate outputs are then streamed to Wormhole in preparation for dApps to use: the result is a signed price payload that can be verified on any chain where Pyth is supported. You can read more about the aggregation methodology here.","Data users on any Pyth-supported blockchain can read the price feeds and incorporate the data into their smart contract logic.","Pyth Network introduces a unique architecture called the Pull Oracle. With the Pull Oracle design, data users can “pull” or request a price update from the Pyth protocol when needed. This architecture is gas efficient because users only pay for prices they want.","Thanks to this design, decentralized applications can request a new price update from the Pyth protocol when needed. A user would submit the signed price payload to the Pyth contract on their blockchain, which verifies its validity, and then use the resulting price. This process allows Pyth price updates to reach any supported blockchain.","In contrast, legacy oracles are typically designed as Push Oracles. These oracles run an off-chain process to “push” price updates on-chain at a regular interval. This model can waste gas fees on unused price updates. The inefficiency of push oracles can lead to gas subsidy requirements, infrequent updates, and difficulties landing prices on-chain during network congestion.","The Pyth protocol allows data users to request and consume on-chain price updates for a small data fee. Pyth users pull sends tens of millions of price updates cross-chain every month onto the various supported blockchains. While data fees are currently set to the smallest denomination of the blockchain’s native currency (e.g. 1 wei), this fee parameter and others can be determined by future governance.","Common use cases of Pyth data include spot and derivatives exchanges, structured product vaults, borrow/lending platforms, stablecoin protocols, yield optimizers, asset management solutions, and data analytics. You have probably used a Powered by Pyth application. Notable names include Synthetix (Optimism), Vela Exchange (Arbitrum and Base), Alpaca Finance (BNB Chain), Solend (Solana), and many more.","The Pyth Network currently offers two flagship products for DeFi applications: Pyth Price Feeds and Pyth Benchmarks.","Integration with Pyth data is permissionless, meaning developers can access Pyth data without entering a subscription or engaging a sales team. This design choice reflects the network’s commitment to the Web3 ethos.","The Pyth Network offers over 350 low-latency price feeds across cryptocurrencies, FX rates, equities, ETFs, and commodities. Each price feed updates once every 400ms: high-frequency updates mean the prices closely track the external markets to granular intervals. High resolution data is important for time- and price-sensitive applications.","Every Pyth Price Feed provides the spot price and a confidence interval, visualized as a band around the price. The confidence interval represents the range in which the data providers (in aggregate) believe the true price is likely to be. This confidence value informs data users about the strength of the price output. Data providers can adjust their confidence based on the liquidity environment, and smart contracts can use this information for safer operations.","Pyth Benchmarks allow users to query a historical archive of prices from the Pyth Price Feeds. Benchmarks are class of standards used in finance to guide decisions and settle payouts. Examples include reference prices like the Bitcoin reference rate, indices like the S&P500, and rates such as LIBOR or the Fed Funds Rate.","Pyth Benchmarks provide standardization in calculations and presentation, ensuring consistent measurements for settlement and valuation. Common use cases for Pyth Benchmarks include decentralized options vaults (DOVs), such as Aevo on Ethereum, and backfilling prices for perpetual trading settlement, such as Synthetix on Optimism.","How do Pyth Network’s products address the issues of speed, asset coverage, and accuracy of legacy oracles? The key is Pyth Network’s architectural innovation of the Pull Oracle. This efficiency brings a number of advantages in latency, scalability, and data resolution.","High Update Frequencies—The Pythnet appchain updates each Pyth Price Feed multiple times per second. The output is streamed to Wormhole and data users can listen to this data stream through a public API. Pushing every price on-chain would make frequent updates like this impractical. However, push oracles usually update even less frequently than the blocktime due to the high cost of more frequent updates.","Low-Latencies—Pythnet streams price updates at a high frequency off-chain so that decentralized applications can use the most recent off-chain price for every transaction. This outcome means fresher prices than relying on a last on-chain update pushed by an oracle.","Broad Asset Selection—The technical capabilities of Pythnet enables the Pyth protocol to scale to thousands of price feeds. This is thanks to Solana’s specialization in high-throughput and ultra-cheap transactions.","Multi-Chain Availability—The Pyth Network's price feeds are accessible on all Pyth-supported blockchains by default, since price sourcing and aggregation occur on Pythnet, and the price updates are brought cross-chain through Wormhole. When a new Pyth Price Feed launches, it is immediately available on all supported blockchains, eliminating the need for individual deployments on each target chain. This makes Pyth an interesting oracle for launching new data feeds, as Pyth can instantly expand price exposure for an asset to dozens of blockchains.","Accurate, First-Party Prices—Pyth sources data from traditional and decentralized creators of financial data. One key advantage of Pyth’s focus on first-party data is price accuracy. Pyth’s data providers are active participants in price discovery: they truly know the prices of assets. Pyth is designed to incentivize these data owners to contribute their private price data and aggregate these inputs to yield an accurate, representative snapshot of the markets.","Transparent Aggregation—The Pyth Network’s aggregation mechanism is designed to be transparent and verifiable. The provenance of each data point can be traced back to the public keys of the data providers. The aggregation and delivery process is publicly auditable using widely available tools like the Solana block explorer and the Pyth Publisher Metrics.","Reputational Alignment—Pyth’s data providers include established businesses in the traditional finance world and the blockchain industry. It is against their economic interest to attempt to influence the oracle unfairly, as their price inputs are public and they would incur reputational loss to their main commercial activities. In addition to this alignment is the aggregation mechanism, which prevents a minority of data providers from tampering the price.","The Pyth Network ecosystem spans a diverse range of stakeholders, from data owners to decentralized applications to individual blockchain participants. On-chain governance is critical for a protocol’s self-sustainability and decentralization. As discussed in a previous blog on the Pyth Network’s tokenomics, governance structures are generally established to enable community guidance of a protocol’s development.","Governance is expected to be responsible for actions such as determining the parameters of update fees, the reward distribution mechanism for data providers, and determining how products are listed on Pyth and their reference data. You can read the whitepaper to learn more.","The Pyth Network contributors understood that past oracles were founded on a mistaken assumption on how financial data works. Legacy oracles served the nascent stages of DeFi well. But they also admitted of limitations in latency, asset coverage, and data quality, which restricted DeFi’s growth.","The future of price oracles is not searching for and bringing prices to the blockchain: it is bringing price owners and creators to DeFi. The Pyth Network’s Pull Oracle architecture addresses these core limitations.","The Pyth Network’s products are permissionless, transparent, low-latency, high-fidelity, and are designed to scale with the growth of Web3 itself. We’re excited for you to join the Pyth Network journey. There’s much to build.","You can become a member of the Pythian community and explore the official social network channels. Stay tuned on the network developments and announcements: get the news and listen to our contributors speak on the latest podcasts and keynotes.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Last Updated: Nov 4, 2023.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-is-the-pyth-network"},"/blog/new-pyth-data-provider-meteora":{"version":1,"title":"New Pyth Data Provider: Meteora - Blog - Pyth Network","description":"Pyth Network expands data access with Meteora, Solana’s liquidity backbone. Real-time price data enhances Solana DeFi ecosystem support.","keywords":"","h1":["New Pyth Data Provider: Meteora"],"h2":[],"h3":["What is Meteora?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands data access with Meteora, Solana’s liquidity backbone. Real-time price data enhances Solana DeFi ecosystem support.","Data Providers","Nov 2, 2023","Today, we’re thrilled to welcome Meteora to the Pyth Network as a new data provider. Meteora is the liquidity backbone for Solana DeFi as it offers stablecoin liquidity, liquid staking token liquidity, lending protocol capital and deep capital efficient AMM pools.","With this collaboration, Meteora will contribute its real-time price data for Solana-native tokens to enhance the data offerings of the Pyth Network, especially for the Solana DeFi ecosystem. This is another step towards the network’s goal of bringing all the world’s market data on-chain.","“As one of Solana’s most innovative AMMs, we’re excited join Pyth’s oracle network and contribute to the DeFi ecosystem,” said Ben Chow, co-founder of Metoeora. “There are now sufficient data providers to easily spin up oracles for Solana liquid staking tokens (LST), which will help drive LST adoption and unlock over $9B in staked SOL for use in Solana DeFi.”","Meteora’s Dynamic Vaults are DeFi’s most dynamic capital allocation systems, rebalancing every minute between lending platforms to find the most efficient yield while keeping user funds as liquid as possible.","Leveraging their Dynamic Vaults, Meteora’s Dynamic AMM pools are some of the most capital efficient pools for stable and LST liquidity.","Creators and owners of market data such as Meteora make the Pyth Network possible. Pyth’s data provider community play a critical part in ensuring that global Web2 and Web3 participants have continuous access to robust, reliable price data.","Learn more about Pyth Network","Learn more about Meteora","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on X, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-meteora"},"/blog/pyth-price-feeds-now-available-on-chiliz-chain":{"version":1,"title":"Pyth Price Feeds Now Available on Chiliz Chain - Blog - Pyth Network","description":"Pyth Price Feeds now on Chiliz Chain! Developers gain access to 350+ price feeds for digital assets, FX, commodities & ETFs. ","keywords":"","h1":["Pyth Price Feeds Now Available on Chiliz Chain"],"h2":[],"h3":["Chiliz Chain","Chiliz","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now on Chiliz Chain! Developers gain access to 350+ price feeds for digital assets, FX, commodities & ETFs.","Blockchains","Nov 6, 2023","We're delighted to reveal that Pyth Price Feeds are now live on Chiliz Chain, an EVM-compatible Layer-1 protocol built in partnership with Ankr. Chiliz Chain is built to serve as the foundation for creating a blockchain-based SportFi ecosystem for sports and entertainment industries with fan experiences.","Developers on Chiliz Chain now have permissionless access to Pyth’s 350+ price feeds for digital assets, as well as foreign exchange pairs, commodities, and even equities and ETFs. These price feeds include many of Chiliz’s native tokens, including recognized tickers such as $ACM, $ARG, $ASR, $ATM, $BAR, $CHZ, $CITY, $INTER, $ITA, $JUV, and $OG.","\"We’re thrilled to integrate Pyth's high-fidelity price feeds on Chiliz Chain, providing our developers with the robust and reliable market data they need to build the future of interactive and blockchain-based fan engagement,\" said James Scicluna, Product Owner of Chiliz Chain.","\"With access to over 350 price feeds, our community can innovate with confidence, knowing they have top-tier financial information at their fingertips.”","Chiliz Chain is an EVM-compatible Layer-1 protocol built in partnership with ANKR. It serves as the foundation for creating a blockchain-based SportFi ecosystem for sports and entertainment industries with fan experiences and B2B/B2C tools. The core differentiation for Chiliz Chain lies in its operational structure and development focus. It aims to cater to the specific needs of IP rights holders in the sports and entertainment industries who want to engage in blockchain development.","Chiliz provides sports and entertainment organizations with blockchain-based tools to help them engage and monetize their global fan bases. All of these projects are fuelled by the Chiliz token. You can learn more about Chiliz from their website.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can explore the resources below to start building. If you have any questions or feedback, please reach out.","You can find the full Pyth Price Feeds catalog on our website and even discover which feeds are coming up in the pipeline. Readers interested in requesting a new price feed can reach out in the official Pyth Network Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-available-on-chiliz-chain"},"/blog/pyth-monthly-update-october-2023":{"version":1,"title":"Pyth Monthly Update | October 2023 - Blog - Pyth Network","description":"Pyth Network achieves cross-chain updates, 400ms latency, and supports major DeFi. Expanding integrations across blockchains for financial data flow.","keywords":"","h1":["Pyth Monthly Update | October 2023","🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community, Socials and Others"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network achieves cross-chain updates, 400ms latency, and supports major DeFi. Expanding integrations across blockchains for financial data flow.","Updates","Nov 8, 2023","“I'm so glad I live in a world where there are Octobers.” — L. M. Montgomery","That’s another month checked off. What’s next on the Pyth Network’s to-do list? The oracle has gone cross-chain, achieved 400ms latency updates, and secured value for a some of the biggest DeFi names. We’re now working towards having all the world’s financial data flow through Pyth.","October oversaw new integrations across scores of Pyth-supported blockchains, from new stablecoin protocols like Angle to hybrid exchanges like C3. From on-chain to off-chain, Levana to Laevitas, Pyth Price Feeds are permissionless and freely accessible to developers anywhere, anytime.","Don’t just take our word for it: Pyth is now the #2 ranked oracle in DefiLlama. There’s a silent revolution taking place. Oak Invest’s report on the oracle industry is a good place to start for newcomers or those captivated by the blockchain infrastructure space.","Speaking of literature, the publication of the “Understanding the PYTH Tokenomics” set a new momentum for the community. It is critical, after all, for a community to be able to prepare for on-chain governance to help guide the protocol in an informed manner.","Going into November, Mike Cahill of Douro Labs revealed the Pyth Network Retrospective Airdrop, the largest cross-chain airdrop program of its kind covering over 75K wallets throughout 27 ecosystems. The Pythian parade never stops...","New dApps Using Pyth","Metavault, a spot and perpetual DEX on Polygon","Rollie Finance, the first native perpetual DEX on Scroll mainnet","Lyve, issuer of the LST-backed LYU stablecoin on Linea","Sphere, payments infrastructure for the next generation of the internet","Angle, the stablecoin protocol behind agEUR","Levana, fully collateralized perpetual futures on Cosmos (Injective, Osmosis, and Sei)","Bluefin, decentralized orderbook-based perpetuals on Arbitrum and Sui","Turbos, a hyper-efficient CLMM DEX on Sui","Membrane, an experimental protocol using collateralized debt positions to synthesize credit demand into the CDT debt token on Cosmos","PopFi, a decentralized trading protocol for perpetual futures and binary options on Solana","BMX, a new perpetual trading protocol, designed by Morphex, and built on Base","Kinetix, the first perpetual exchange on Kava","Arkadiko, a platform for self-repaying loans on Stacks in the form of the USDA stablecoin","Laevitas, a quantitative analytics platform for digital assets, will use Pyth data off-chain for their operations","Deepr Finance, a lending platform on IOTA and Shimmer","Virtue Money, a decentralized borrowing protocol for vUSD loans against SMR","DeFi Partner Updates","C3, a hybrid CEX/DEX, has opened its testnet to the public","Perennial, a DeFi-native derivatives primitive on Arbitrum, has launched its V2 which is now #PoweredByPyth","LEXER, the decentralized perpetual exchange for forex and crypto, has launched their v2 which uses Pyth data for its swap and perpetual markets","LayerBank, the universal permissionless on-chain bank, is now live on Manta Network, in addition to Linea and Scroll","FusionX launches on Mantle testnet with aims to become its native DEX","The Understanding the PYTH Tokenomics report was published. It is important that the community can prepare for governance and to help shape the protocol network and ecosystem","Bitcoin prices fluctuated wildly on rumors of a Bitcoin ETF approval. Learn how Pyth Price Feeds captured the volatile price action of BTC/USD","Astar Network launches its own zkEVM thanks to Pyth and Gelato’s Rollup-as-a-Service (RaaS)","New Blockchains Integrated with Pyth","Scroll","Astar zkEVM (testnet)","Ronin","Boba","Manta Network","Shimmer","New Price Feeds","AR/USD, ASTR/USD, BSV/USD, EGLD/USD, GRAIL/USD, HBAR/USD, IMX/USD, LRC/USD, LUSD/USD, MINA/USD, OKB/USD, RON/USD, SMR/USD, UMA/USD, USDP/USD, VET/USD, wstETH/USD, ZRX/USD","Pyth in Person","The Pythians show up at Breakpoint 2023 in Amsterdam","Online Events","Mike Cahill, CEO of Douro Labs, gives his keynote at Token2049. Catch the recap of The Pyth Effect here!","Mike Cahill on The Scoop by The Block with Frank Chaparro","Mike Cahill on Validated Live by Multicoin with Austin Federa from Solana Foundation","AMA with Levana","AMA with Astar Network and Gelato","AMA with Perennial","Pyth is now the #2 oracle on DefiLlama","Oracles: A Silent Revolution? Read OAK Invest’s research report (EN, FR)","Happy Halloween!","Why are we building the Pyth Network?","The advantages of the Perseus Upgrade from September","Catching up with Pyth’s blockchain expansion","How much trading volume has Pyth secured?","Developers now have 10% more price feeds. Enjoy","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-october-2023"},"/blog/pyth-price-feeds-now-available-on-zetachain":{"version":1,"title":"Pyth Price Feeds Now Available on ZetaChain - Blog - Pyth Network","description":"ZetaChain integrates Pyth Network price feeds onto a public blockchain, offering 350+ low-latency feeds for assets like crypto & equities.","keywords":"","h1":["Pyth Price Feeds Now Available on ZetaChain"],"h2":[],"h3":["ZetaChain","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","ZetaChain integrates Pyth Network price feeds onto a public blockchain, offering 350+ low-latency feeds for assets like crypto & equities.","Blockchains","Nov 13, 2023","It’s time to return to the historical Greek roots of the Pyth Network with ZetaChain. The Pyth Price Feeds are now available on ZetaChain, a public L1 blockchain that enables omnichain, generic smart contracts, that can manage native assets and data on any chain — even non-smart chains like Bitcoin.","ZetaChain's smart contract developers can now access a wide range of over 350 low-latency price feeds. These feeds cover equities, commodities, foreign exchange pairs, and cryptocurrencies.","\"We’re excited to welcome a major oracle partner to ZetaChain. We look forward to seeing the type of innovation that will emerge from ZetaChain's developer ecosystem thanks to partners like Pyth.”","ZetaChain is the world’s first and only decentralized EVM-compatible L1 blockchain with built-in cross-chain interoperability, connecting all blockchains, even non-smart contract chains like Bitcoin and Dogecoin. With ZetaChain’s complete Omnichain toolkit, developers can build true omnichain dApps from a single point of logic, and users can access all of their assets, data, and liquidity in a single place, securely.","Check out the whitepaper here for a closer look at ZetaChain's background and architecture.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 35 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can check out the resources below to get started. If you have any inquiries, please reach out on our socials.","Now that Pyth has officially joined the ZetaChain ecosystem, readers can look forward to the launch of more ZetaChain-native token feeds and applications secured by Pyth data. You can find our price feed catalog on our website and discover which feeds are in the pipeline. If you would like to request a new data feed, you can reach out in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-available-on-zetachain"},"/blog/pyth-price-feeds-on-near-testnet":{"version":1,"title":"Pyth Price Feeds on NEAR Testnet - Blog - Pyth Network","description":"Pyth price feeds now available on NEAR testnet! Developers gain access to 350+ price feeds for digital assets & more, boosting NEAR’s DeFi.","keywords":"","h1":["Pyth Price Feeds on NEAR Testnet"],"h2":[],"h3":["NEAR","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth price feeds now available on NEAR testnet! Developers gain access to 350+ price feeds for digital assets & more, boosting NEAR’s DeFi.","Blockchains","Nov 8, 2023","One year after the Pyth expansion to Aurora, the EVM environment built on NEAR, the Pyth Price Feeds have finally landed on NEAR testnet. NEAR is a layer one, sharded, proof-of-stake blockchain built with usability in mind.","As of today, developers on NEAR now have a permissionless access to Pyth’s 350+ price feeds for digital assets, as well as foreign exchange pairs, commodities, and even equities and ETFs.","NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. This is why NEAR was recently awarded the Climate Neutral Product Label from South Pole. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.","To learn more about the NEAR Protocol, please visit their website.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Smart contract developers can explore the resources below to start building. If you have any questions or feedback, please reach out.","You can explore the full Pyth Price Feeds catalog on our website and see which price feeds are next in the pipeline. Developers interested in requesting new data feeds can reach out in the Pyth Network Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on NEAR","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-on-near-testnet"},"/blog/guide-to-claiming-your-retrospective-airdrop-allocation":{"version":1,"title":"Guide to Claiming Your Retrospective Airdrop Allocation - Blog - Pyth Network","description":"Pyth Network’s Retrospective Airdrop rewards community & app users across 27 chains. Check eligibility & claim your allocation soon!","keywords":"","h1":["Guide to Claiming Your Retrospective Airdrop Allocation"],"h2":["Step 1: Welcome Screen","Step 2: Review Airdrop Eligibility","Step 3: Verify Eligibility","Step 4: Log in with Solana","Step 5: Claim Tokens","Step 6: Next Steps"],"h3":["Helpful Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s Retrospective Airdrop rewards community & app users across 27 chains. Check eligibility & claim your allocation soon!","Events","Nov 20, 2023","The Pyth Network Retrospective Airdrop is a wide-reaching cross-chain program covering over 90,000 wallets across 27 chains. Pyth Network community members who contributed to the ecosystem and individual users of applications using Pyth data are among those who are eligible for the program.","If you have not done so already, you can check your eligibility here. You will also be able to claim your allocation in this same page once the Claim Process is open. This blog post offers a quick guide to the Pyth Network Retrospective Airdrop Claim Process.","We highly recommend that readers exercise caution to protect themselves from scams and fraudulent actors. You are responsible for verifying that all Pyth Network official webpages you visit are under the pyth.network domain.","The Airdrop Claim Process will open on November 20, 2023 at 6 PM UTC and will be live until February 20, 2024 at 6 PM UTC.","Before starting the Claim Process, you can consult the Eligibility and Distribution blog post to check whether you meet the eligibility requirements.","When you are ready, you can start the Claim Process by proceeding to airdrop.pyth.network. Please read the Disclaimer and follow the terms and conditions stated in the webpage.","You will be prompted to check a number of boxes depending on which blockchain ecosystems you have been active in and whether you are an active member of the official Pyth Network Discord.","Check the ecosystems you are active in. Select the Pyth Discord checkbox if relevant.","You will need to connect the relevant wallets for each ecosystem selected. You will also need to log in to your Discord if you select this option.","Please be careful of phishing sites and verify that you are using the official Airdrop Claim Page.","In this step, you will be presented with a list of blockchain ecosystems. The ecosystems you selected in the previous step will be highlighted. You can connect your wallets for the highlighted ecosystems. You can connect your Discord account if this category was selected too.","Connect your wallets for each selected ecosystem. Log in to your Discord account if relevant. The amount of tokens you are eligible for each category will be displayed per connected wallet or account.","You can go back to Step 2 (”Review Airdrop Eligibility”) if you need to add or remove an ecosystem or the Discord category. You will not be able to proceed until all highlighted wallets and your Discord account (if relevant) are connected.","If you already connected a Solana wallet in Step 3, then this still will display that connected wallet. Your claimed PYTH Tokens will go to this Solana wallet.","If you do not own a Solana wallet, the Claim Page can walk you through the creation of a new Solana wallet and offer a few popular wallets to choose from.","You will not need SOL (”dust”) in your wallet to be able to receive your allocation.","In this step, you will be presented again with a list of blockchain ecosystems. The ecosystems you successfully connected your wallets for will be highlighted.","You will need to sign your wallets to claim your allocation. Click the “sign” button for each wallet.","Your wallet(s) will ask if you wish to sign the transaction. Confirm by clicking “sign” in your wallet’s pop-up window.","(Note: There will not be a “sign” button for the Solana ecosystem and Discord).","When you sign the transactions to claim your allocation, the required gas for the transaction will be funded. Although you will not receive dust in your wallet, you will not need to pay to receive your allocation.","After signing your wallets, you can click “proceed”. Another pop-up will appear confirming that you have connected all the necessary wallets and or your Discord account and that you wish to proceed to the final step.","Click “proceed” in this pop-up when you are ready. Your Solana wallet will then ask you to sign a final transaction. After signing on your Solana wallet, the PYTH Tokens will be sent to your Solana wallet. You cannot go back after proceeding from this step.","Please be patient as the blockchain processes your transaction. You may need to wait for a confirmation notification. If the wallet is taking too long to process or you get a failure message, this may be an RPC error. In this case, there is no need for concern. You can try reloading the Claim Page if you are stuck or exit the page and try again later.","At this stage, you will have received your allocation in your connected Solana wallet. You can share your experience with the world. You can also repeat the Claim Process.","If you encounter any issues during the Claim Process, you can consult the Frequently Asked Questions (FAQ) page.","You can also join the official Pyth Network Discord server and open a ticket in the #request-support channel. Warning: If you ask a question that is answered on the FAQ page, this can slow down the support process and increase your waiting time to receive an answer.","Please verify that the Airdrop Claim Page URL is: https://airdrop.pyth.network. Please ensure that all Pyth Network official websites you are visiting are under the pyth.network domain. You can find all official Pyth Network social media channels at https://pyth.network/community. You are responsible for verifying that any Pyth Network social media channels you visit are listed in the official community hub. The Pyth Network contributors will NEVER reach out to you first or ask you for your personal information or seed phrase.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/guide-to-claiming-your-retrospective-airdrop-allocation"},"/blog/pyth-price-feeds-launch-on-core":{"version":1,"title":"Pyth Price Feeds Launch on Core - Blog - Pyth Network","description":"Core Network secures 40%+ Bitcoin hash power with Satoshi Plus. New price feeds launched, expanding blockchain support.","keywords":"","h1":["Pyth Price Feeds Launch on Core"],"h2":[],"h3":["Core","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Core Network secures 40%+ Bitcoin hash power with Satoshi Plus. New price feeds launched, expanding blockchain support.","Blockchains","Nov 13, 2023","Did you know? Over 40% of all Bitcoin hash power globally is being delegated to secure the Core Network. Powered by a new consensus mechanism, Satoshi Plus, Core is a Turing-complete blockchain leveraging the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). Today, the Pyth contributors are unveiling the launch of Pyth Price Feeds on Core. The network has also launched its CORE/USD price feed, which is available on Core and more than 40 other blockchains.","This launch means that smart contract developers on Core can now tap into a diverse catalog of over 350 low-latency price feeds across digital assets, commodities, foreign exchange pairs, and equities.","“We’re thrilled to announce Pyth Oracle Feeds on the Core blockchain”, said Brendon Sedo, Initial Contributor at Core. “This integration is set to drive a new wave of builders and innovation on the Core blockchain. Leading to a growing DeFi and Bitcoin ecosystem on the most Bitcoin aligned blockchain.”","\"We are excited to introduce Pyth Network's oracle feeds to the Core blockchain. Core is a rapidly expanding ecosystem loved by developers and users alike,” said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “With over 380 price feeds now available within the ecosystem, we are confident that this integration will usher in an exciting growth phase for DeFi on Core. Builders now have the essential infrastructure they need to create and innovate.”","Core is a Bitcoin hash-powered layer one blockchain bringing Bitcoin miner governance to EVM-Compatible smart contracts. Its novel Satoshi Plus consensus combines Delegated Proof of Work and Delegated Proof of Stake, resulting in a secure, scalable, and decentralized chain. With global network of experienced contributors and one of the fastest-growing and most diverse communities in crypto, Core’s ecosystem is expanding as builders and users come together. Visit coredao.org for more information and start building today.","The Pyth Network is the largest first-party financial oracle network. The protocol delivers real-time financial market data to more than 40 blockchains securely and transparently.","The network comprises some of the world’s largest market makers, exchanges, and financial services providers publishing price data to the protocol for on-chain aggregation and distribution to decentralized smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $85B in trading volume. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can check out the resources below to get started. If you have any inquiries, please reach out on the official Pyth Network social channels.","Now that Pyth has officially joined the Core Blockchain, developers can look forward to the launch of more Core-native token feeds and applications secured by Pyth data. Our price feed catalog can be found here. You can also see which feeds are next in the pipeline. If you would like to request a new price feed, please reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","Core Website","Core Documentation","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-core"},"/blog/permissionless-mainnet-token-led-governance-are-live":{"version":1,"title":"Permissionless Mainnet and Token-Led Governance | Nov 2023 - Blog - Pyth Network","description":"Pyth Network launches its permissionless mainnet! Stake PYTH tokens for on-chain governance and shape the protocol’s future.","keywords":"","h1":["Permissionless Mainnet and Token-Led Governance | Nov 2023"],"h2":["From Permissioned to Permissionless Mainnet","How Pyth Governance Works","The Pyth DAO LLC"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches its permissionless mainnet! Stake PYTH tokens for on-chain governance and shape the protocol’s future.","Announcements","Nov 16, 2023","Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance for the protocol.","Ecosystem participants can actively engage in Pyth Governance by locking their PYTH Tokens in the Pyth staking program to cast votes on community governance proposals. You can participate by staking your PYTH Tokens.","On-chain governance involves major protocol matters, including the reward mechanisms for data providers, the size and denomination of the oracle's fees, and the selection of price feeds listed on the network.","This blog post will explain the purpose of Pyth Governance and how users can participate in governance discussions and on-chain voting.","Note: This post is currently in public preview and may change substantially as feedback is captured from readers like you. Join the Pyth Discord to share your feedback.","The Pyth Network’s contributors have embarked on a mission to bring the world's financial data onto the blockchain. To accomplish this goal, the network invites major financial institutions and decentralized players to contribute their proprietary data to the protocol. The Pyth oracle aggregates their data to securely and reliably publish prices on-chain for decentralized applications to use.","The Pyth Network launched its permissioned mainnet on August 2021. This early bootstrapping phase prioritized strategic growth and optimization of the protocol. In just two years, the network expanded to cover more than 40 blockchains, serving over 230 dApps and sourcing data from over 90 data providers.","Today marks the Pyth Network’s transition to its permissionless mainnet phase. On-chain governance will serve as the backbone of the protocol’s evolution and allow token holders to propose, discuss, and vote on key protocol matters. On-chain governance will facilitate collective decision-making within the Pyth Network ecosystem, encompassing a diverse range of participants such as decentralized applications, financial institutions, infrastructure providers, and individual DeFi users.","Pyth Network’s governance system allows anyone with PYTH Tokens to participate. Token holders must stake their tokens in the Pyth staking program to vote on community governance proposals. Governance uses a coin-voting system. Readers may refer to the official documentation to learn more. Some network participants also have locked tokens that are released according to an unlock schedule; locked tokens can also be staked and thereby used to participate in governance.","Pyth Governance runs in epochs of 1 week. Tokens that are staked today become available to vote at the beginning of the next epoch. Unstaking tokens requires a cooldown period of 1 epoch before the tokens can be withdrawn. The epoch mechanism ensures that there is a fixed distribution of voting weights for the entire epoch that is known at the start. Proposals also run for 1 week, and use the voting weights for the epoch when they were proposed.","Pyth Governance runs on the Solana mainnet-beta blockchain, but applies to the Pyth Network across all of the various chains where it operates. The governance system uses Wormhole messaging to communicate with Pyth contracts on other blockchains.","Proposals pass when a majority approves them, provided that a quorum of participants have voted. Proposals are binding on-chain: each proposal has one or more associated instructions that are executed when the proposal passes. Community governance proposals can relate to all of the following:","Determine the size of update fees.","Determine the reward distribution mechanism for publishers.","Approve other software updates to on-chain programs across blockchains.","Determine the price feeds are listed on Pyth and their reference data (e.g., number of decimal places in the price, reference exchanges).","Choose the publishers that are permissioned to provide data for each price feed","Ecosystem participants that are staking tokens to participate in Pyth Governance will become members of Pyth DAO LLC (“Pyth DAO”), provided that they satisfy the conditions of membership at the time of Pyth DAO’s formation. Pyth DAO will be one of the first DAO LLCs of its kind.","The Pyth DAO is to be formed as an algorithmically-managed non-profit limited liability company. Pyth DAO will be incorporated in the Republic of Marshall Islands. Current drafts of the governance documents for the to-be-formed Pyth DAO can be found here.","Please note that when participating in Pyth Governance, you are responsible for verifying that any Pyth Network websites and channels are listed in the official community hub and you assume any risks arising from participating in Pyth Governance.","PYTH Token holders can access Pyth governance through the convenient staking and governance frontend hosted by the Pyth Data Association.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/permissionless-mainnet-token-led-governance-are-live"},"/blog/new-pyth-data-provider-osmosis":{"version":1,"title":"New Pyth Data Provider: Osmosis - Blog - Pyth Network","description":"Pyth Network expands data offerings with Osmosis, a leading Cosmos trading venue. Enhancing Cosmos DeFi data access for builders.","keywords":"","h1":["New Pyth Data Provider: Osmosis"],"h2":[],"h3":["Who is Osmosis?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands data offerings with Osmosis, a leading Cosmos trading venue. Enhancing Cosmos DeFi data access for builders.","Data Providers","Nov 29, 2023","Today, we welcome Osmosis to the Pyth Network as a new data provider. Osmosis is the premier trading venue of Cosmos, the open, emergent ecosystem of sovereign Layer 1s.","With this collaboration, Osmosis will provide real-time price data for Cosmos-native tokens to enhance the data offerings of the Pyth Network, especially for the Cosmos DeFi ecosystem. This is another step towards bringing all the world’s financial market data on-chain for builders globally.","“Integrating Osmosis into Pyth Network’s coalition of first-party publishers, alongside some of the most prestigious trading firms and exchanges in the industry, is an exciting milestone and a massive unlock for Cosmos DeFi users”, said Sunny Aggarwal, Osmosis Co-Founder. “By consistently providing Pyth with high fidelity on-chain price data from Osmosis, Pyth’s existing oracle network — which powers the multichain DeFi ecosystem — becomes stronger than ever.”","\"Douro Labs takes great pride in its expansive partnership with Osmosis, the premier decentralized exchange on Cosmos”, said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “Renowned for its innovation, Osmosis's role as a data provider to Pyth Network further underscores their dedication to fostering a secure and decentralized financial ecosystem. Together, our collaboration strengthens the foundation for a dynamic and reliable financial future.”","Osmosis is an advanced Automated Market-Making (AMM) protocol focused on privacy, AMM design, and the rapidly expanding interchain.","In the AMM design space, Osmosis is delivering optimal trades through innovating new models of market-making curves, batch execution, and deep liquidity, incentivized through a novel LP-bonding system.","In 2023 alone, Osmosis has facilitated north of $1.5B in total trading volume.","Creators and owners of market data such as Osmosis make the Pyth mission possible. The Pyth data provider community plays a crucial role in ensuring that global Web2 and Web3 participants have continuous access to reliable, secure price data.","Learn more about Pyth Network","Learn more about Osmosis","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-osmosis"},"/blog/data-driven-2023-pyth-developer-conference":{"version":1,"title":"Data-Driven 2023: Pyth Developer Conference - Blog - Pyth Network","description":"Data-Driven 2023: Explore the Pyth Network’s innovations & DeFi advancements. Hear from leaders & builders shaping decentralized finance.","keywords":"","h1":["Data-Driven 2023: Pyth Developer Conference"],"h2":["Who Should Attend","What to Expect","How to Register"],"h3":["A Glimpse into the Agenda","About Pyth Network"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Data-Driven 2023: Explore the Pyth Network’s innovations & DeFi advancements. Hear from leaders & builders shaping decentralized finance.","Events","Nov 27, 2023","We are thrilled to announce the debut of Data-Driven 2023. This two-day online conference offers a deep dive into the Pyth Network’s initiatives and advancements, and the opportunity to hear from thought leaders and builders from the Pyth community and wider DeFi ecosystem.","The Pyth oracle network is home to DeFi project founders, teams and DAOs building decentralized applications, institutional market participants, and blockchain infrastructure providers. Data-Driven 2023 is an immersive way to learn what these industry pioneers and visionaries are working on.","The online conference is scheduled for December 5-6, 2023. You can easily register by visiting the conference welcome page.","You can look forward to keynotes, workshops, and industry panels from Douro Labs, Gate Ventures, Synthetix, Injective Labs, Movement Labs, MEXC, LTP, Kronos Research, Auros, Vela Exchange, Wormhole, Gelato Network, and more.","Whether you're a seasoned industry professional, a blockchain enthusiast, or a curious newcomer, Data-Driven 2023 offers a unique opportunity to:","Gain insights into the latest developments in the Pyth Network ecosystem.","Connect with industry experts, project founders, and fellow community members.","Explore the future of decentralized finance and the role Pyth and its partners play in it.","The conference is especially tailored for DeFi power users, creators and owners of valuable financial data, and smart contract developers looking for next-generation tooling and inspiration.","DeFi and Crypto Users—Help shape the future of finance. Discover how Pyth Network is enabling a new era of high-throughput DeFi.","Smart Contract Developers—Learn why latency, accuracy, and robustness matter for smart contract execution. Explore why players like Synthetix, Vela Exchange, and Gelato Network choose Pyth data.","Data Owners and Creators: Pyth Network offers an opportunity to market participants who own unique, financial data. Learn why major exchanges and market makers like are joining the Pyth oracle network.","The Pyth Network contributors and guest speakers will cover the latest advancements in their fields, discuss recent industry trends, and potentially unveil some of their newest projects.","Keynotes—Tune in to discussions on the latest developments in decentralized finance, on-chain products, and Web3 capital markets..","Panels—Listen in to industry experts as they share their insights on the DeFi landscape today and their predictions for this coming development cycle.","Day 1 will kick off with a keynote by Mike Cahill, CEO of Douro Labs. Mike will look back at the growth of the Pyth Network and how the world’s largest and fastest-growing first-party oracle network has transformed the capabilities of DeFi today.","Afterwards, Jayant Krishnamurthy, CTO of Douro Labs, will walk the audience through the Pyth Network’s product lines, including Pyth Price Feeds and Pyth Benchmarks. His presentation also offers a rare glimpse into what his team is working on behind the scenes.","Major DeFi partners and data providers are lined up throughout Day 1, including of course, the power users of Pyth data. Viewers can look forward to keynotes from Synthetix, Injective, Kwenta, Wormhole, Vela Exchange, and many more.","On Day 2, Mike and Jayant hit the stage again with two more keynotes. Mike will kick-off with an analysis of the Pyth Network data model and the business logic behind the cross-chain pull oracle design. His presentation will finish off with reflections on what it means to build a self-sustainable and truly decentralized oracle.","Jayant’s second keynote will focus on Pyth Governance, its significance for the stakeholder community, and the potential scope of community governance proposals, from oracle update fees to reward distribution to data providers.","You can look forward to hearing more from the Pyth Network’s data provider community, with speakers from LTP, Wintermute, Gate, Auros, MEXC and more. Viewers should also look out for presentations from infrastructure players like Gelato Network and fast-growing DeFi platforms like HMX. Thematic panels with notable figures from major blockchain ecosystems, as well as some of the most active Web3 venture capital firms, will be revealed in due course.","Stay tuned for the next guest speaker reveal as we roll out the Data-Driven 2023 lineup. The contents of each day will start at 12:00 PM and end at 6:30 PM UTC.","Don't miss out! Secure your spot at Data Driven 2023 by registering now.","Visit the conference welcome page to register and mark your calendars for December 5-6. Keep on the lookout for the full Data Driven 2023 agenda. Guest speakers will be revealing their upcoming presentations on social media throughout the week. Will your favorite Web3 team take the stage with us too?","Each presentation will have its own streaming webpage. You can conveniently sign up for all the presentations from the conference welcome page. You will receive access to each presentation via e-mail. You only need to attend the ones you are interested in, of course. Most of the presentations will be recorded and will also be streamed to Youtube.","Pyth Network stands as the largest first-party financial oracle. Pyth delivers over 380 real-time price feeds across digital assets, equities, ETFs, FX, and commodities to more than 45 blockchains. The network comprises the world's leading exchanges, market makers, and financial services providers contributing their proprietary price data for smart contract developers to use.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/data-driven-2023-pyth-developer-conference"},"/blog/pyth-prices-feeds-are-live-on-viction":{"version":1,"title":"Pyth Price Feeds are Live on Viction - Blog - Pyth Network","description":"Pyth Price Feeds launch on Viction, a secure blockchain. Developers gain instant access to 370+ real-time market data feeds.","keywords":"","h1":["Pyth Price Feeds are Live on Viction"],"h2":["Viction","Pyth Network","What’s Next?","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds launch on Viction, a secure blockchain. Developers gain instant access to 370+ real-time market data feeds.","Blockchains","Nov 28, 2023","There’s no greater conviction than choosing Pyth Price Feeds. That’s why we're excited today to announce the launch of Pyth Network low-latency oracles for market data on Viction.","Viction is a people-centric Layer-1 blockchain offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Smart contract developers on Viction can freely and permissionlessly access over 370 real-time price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets thanks to Pyth Price Feeds.","To celebrate the launch of the Pyth pull oracle on Viction, today also marks the launch of the Pyth VIC/USD price feed on Viciton and more than 40 blockchains.","\"Viction is honored to enter into this collaboration, providing developer access to accurate and reliable price data,” said Thanh Le, Viction Foundation Council. “This collaboration is a crucial step forward in achieving our goal of creating an open and secure world.”","Viction, previously known as TomoChain, is a people-centric Layer-1 blockchain, offering enhanced security and zero-gas transactions to help make Web3 safe and easy for everyone.","Designed with a focus on user experience, Viction prioritizes zero-gas transactions, speed, security, and scalability to contribute to the creation of a more secure and open world.","Viction’s network of 150 master nodes utilizing Proof-of-Stake (PoS) consensus demonstrates the chain’s commitment to scalability and stability. The chain employs advanced techniques such as double validation, smart contract staking, and proper randomization to enhance security and chain finality. Viction supports all EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers.","The Pyth Network is the fastest-growing largest first-party financial oracle network for providing low-latency market data to over 40 blockchains securely and transparently.","The network comprises some of the world’s largest market makers, exchanges, and financial participants who publish their price data to the Pyth protocol for transparent aggregation and distribution to smart contract dApps.","In less than a year, Pyth Network secured more than $2.0B in total value. Pyth supports 370+ low-latency price feeds across cryptocurrencies, equities, ETFs, foreign exchange pairs, and commodities. You can learn more about Pyth from the website or documentation.","Smart contract developers can explore the resources below to start integrating. If you have any questions or feedback, please reach out.","You can explore the full Pyth Price Feeds catalog on our website and see which price feeds are next in the pipeline. Users interested in requesting new data feeds can reach out in the official Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Viction","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-prices-feeds-are-live-on-viction"},"/blog/pyth-monthly-update-november-2023":{"version":1,"title":"Pyth Monthly Update | November 2023 - Blog - Pyth Network","description":"Pyth Network launched its permissionless mainnet & token-led governance, fostering community decision-making on protocol matters.","keywords":"","h1":["Pyth Monthly Update | November 2023"],"h2":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community, Socials and Others"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launched its permissionless mainnet & token-led governance, fostering community decision-making on protocol matters.","Updates","Dec 3, 2023","\"Fear not November’s challenge bold.\"—Alexander L. Fraser","November was a landmark month for the Pyth Network, with its permissionless mainnet and token-led governance going live.","This launch opens the door for broader stakeholder participation and community decision-making. On-chain governance will cover important protocol matters ranging from reward structures for data providers to the structure and denomination oracle fees.","We welcome both new and veteran Pythians who are exploring the Retrospective Airdrop. This program is the largest cross-chain airdrop of its kind. Over 90K wallets across 27 blockchains and participants across hundreds of dApps were eligible for PYTH Tokens.","The oracle network continues to expand to new blockchains. Ever more applications are integrating with Pyth Price Feeds and Pyth Benchmarks to take advantage of ultra low-latency price updates, high fidelity data quality, and real-time confidence intervals. More than 25% of all DeFi dApps are now #PoweredByPyth according to DefiLlama. Pyth data now powers applications from Starknet to Arbitrum, Cronos to zkSync Era, Optimism to Base, and beyond. Let’s not rest on our laurels yet: there is still more to build.","New dApps Using Pyth","Paradex, the first crypto-derivatives exchange built on its own Starknet appchain.","Parifi, a decentralized perpetual protocol on Arbitrum.","Y2K Finance, a suite of structured products designed for exotic peg derivatives.","DexToro, a decentralized derivatives trading platform built on top of Synthetix.","Tectonic, the leading money-market protocol on Cronos.","Degen Bets, a decentralized perpetual protocol built by WINR Protocol on Arbitrum.","Jupiter, launched its novel LP-to-trader perpetual exchange.","Derivio, an institutional-grade structured derivatives ecosystem on zkSync.","zkUSD, allows users to leverage the benefits of collateralized stablecoins while ensuring privacy and security.","Mu Exchange, the first perpetual DEX on Gnosis which uses $sDAI as collateral.","Goku Money, a multi-collateral and capital-efficient stablecoin on the Manta.","DeCalls, a prediction market protocol where anyone can try to guess the future price of $SOL.","RainFi, a lending, borrowing, and BNPL platform, which released the first-ever P2P token loans product.","Dyson Finance, a decentralized exchange that democratizes liquidity for everyone, driving the paradigm shift of \"Retail Investors as LPs.”","Basemax, a decentralized perpetual trading powerhouse on Base.","DeFi Partner Updates","Kamino Finance 2.0 launches as a complete and secure DeFi suite for lending, liquidity, and leverage on Solana.","Synthetix to launch their perps V3 on Base.","Avantis launches their public testnet on Base.","Paradex, building on Starknet, reached $1B in traded volume.","Pika just reaches a huge milestone of $2B in traded volume.","Lifinity reaches $4B in traded volume on Solana.","LayerBank integrates with Pyth’s $wstETH feed.","Everything you need to know about the Pyth Network.","An in-depth case study of sharing why Pyth is the financial oracle perpetual protocols need, starring Vela Exchange.","Data Driven 2023: Pyth Developer Conference.","Permissionless Mainnet & Token-Led Governance are Live.","New Blockchains Integrated with Pyth","Boba Network","Core","Zetachain","Chiliz","Viction","NEAR","New Price Feeds","PYTH/USD, XRD/USD, VIC/USD, NTRN/USD, EURC/USD, AKT/USD, MEME/USD, RLB/USD, CORE/USD, SLP/USD, ZEN/USD, TIA/USD, TBTC/USD, EGLD/USD.","Pyth in Person","Ande Zheng talks shop at the Solana Hacker House in Hong Kong.","Marc Tillement and Mike Cahill at Nearcon in Lisbon.","Online Events","Mike Cahill discusses the Pyth journey on Y-Axis and On the Brink by Castle Island.","Space with Parifi.","Space with Injective.","Space with Sei.","MultiChain Morning Show.","25% of Dapps are now #PoweredByPyth.","100K followers on X.","Happy Thanksgiving to our Pythian community.","Happy Diwali to all Pythians.","Synthetix reaches $30B volume milestone after integrating with Pyth.","Pyth hit an all-time high for monthly traded volume in October at $9.1 billion.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-november-2023"},"/blog/pyth-price-feeds-launch-on-near":{"version":1,"title":"Pyth Price Feeds Launch on NEAR - Blog - Pyth Network","description":"Pyth Price Feeds launched on NEAR Protocol mainnet! Developers gain access to 350+ price feeds for digital assets and more, boosting DeFi apps.","keywords":"","h1":["Pyth Price Feeds Launch on NEAR"],"h2":[],"h3":["NEAR Protocol","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds launched on NEAR Protocol mainnet! Developers gain access to 350+ price feeds for digital assets and more, boosting DeFi apps.","Blockchains","Nov 30, 2023","We're delighted to reveal that Pyth Price Feeds are now live on NEAR Protocol mainnet! One year after the Pyth expansion to Aurora, the EVM environment built on NEAR, the Pyth Price Feeds have finally landed on NEAR, a layer one, sharded, proof-of-stake blockchain built to be developer-friendly with easy onboarding.","As of today, developers on NEAR Protocol now have permissionless access to Pyth’s 350+ price feeds for digital assets, as well as foreign exchange pairs, commodities, and even equities and ETFs.","\"Celebrating a new era of data reliability and trust, Douro Labs is thrilled to announce the seamless integration of Pyth Network with the NEAR blockchain,\" said Abhimanyu Bansal, Head of Partnerships at Douro Labs. \"This strategic partnership empowers developers on NEAR with real-time, accurate data feeds and as we bridge the gap between the physical and digital worlds, this integration propels us towards a future of decentralized applications that are not only secure but also truly informed.”","NEAR Protocol is a fully sharded, proof-of-stake blockchain built for an open web. Created with simplicity in mind, NEAR is built from the ground up to be performant, secure, scalable, and eco-friendly.","NEAR empowers developers to build open web apps and onboard users to Web3. On NEAR, anyone can contribute to building a web where users own their data, voices count, and everyone can be fairly rewarded for their effort. Create your account, read docs, and join a thriving community of visionaries. Help build a new Internet, where everyone counts.","To learn more about the NEAR Protocol, please visit the website.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Smart contract developers can explore the resources below to start building. If you have any questions or feedback, please reach out.","You can explore the full Pyth Price Feeds catalog on our website and see which price feeds are next in the pipeline. Developers interested in requesting new data feeds can reach out in the Pyth Network Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on NEAR","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-near"},"/blog/expanding-the-pyth-community-strategic-capital-and-new-builders":{"version":1,"title":"Expanding the Pyth Community: Strategic Capital and New Builders - Blog - Pyth Network","description":"Pyth Data Association secures major funding, expanding its community with data providers, users, and DeFi participants in a historic airdrop.","keywords":"","h1":["Expanding the Pyth Community: Strategic Capital and New Builders"],"h2":["The Year in Review","Where Will Pyth Go From Here?"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Data Association secures major funding, expanding its community with data providers, users, and DeFi participants in a historic airdrop.","Updates","Dec 5, 2023","Today, the Pyth Data Association is excited to announce the successful completion of a strategic fundraise that brings new backers, thought leaders, and contributors into the Pyth community.","The community today includes data providers (comprising top trading firms, finance institutions, and global exchanges), data users (comprising of applications and projects being built across 45+ ecosystems), and DeFi users, who are now participating in one of the largest airdrops in the history of crypto.","This round expands the Pyth community to new stakeholders and individuals dedicated to advancing decentralized capital markets. These new community members include Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global, and Delphi Digital. New stakeholders will help the network grow through enhanced access to new capital sources, participation in governance and protocol improvements, and strategic guidance.","These early and long-term supporters have helped transition the network to a permissionless mainnet with token-led governance. The new additions to the community are further validation of Pyth’s vision, and will help accelerate our mission to bring the world’s data on-chain.","It’s been a big year for Pyth.","The network has grown to support nearly 400 real-time price feeds across more than 45 blockchains, serving over 230 on-chain and off-chain applications. Furthermore, the network continues to grow at a rapid clip, with three new applications on average integrating Pyth every week. Pyth Price Feeds also now power more than 25% of all blockchain applications that use an oracle. On top of that, the publisher network has grown to more than 90 data providers, including some of the largest market makers and exchanges in the world.","Pyth currently powers many of the industry’s leading borrow/lending, perpetual futures, synthetic derivatives, structured product vaults, portfolio management, and data analytics platforms.","”Pyth has established itself as a best-in-class, oracle provider by amassing a deep roster of data providers, providing reliable, high frequency, and robust data and has rapidly gained market share. We’re excited to re-double our conviction and follow Pyth’s transition into a community-governed protocol—a necessary step that ensures the data will remain a bias-free shared resource.” — Nic Carter, Managing Partner, Castle Island Ventures.","\"High-fidelity and low latency oracles remain key in unlocking significant value for major blockchain applications. Pyth has established itself as a leader in providing first-party, real-time market data feeds, secured by the world's leading financial institutions as data publishers. Being a fully permissionless and decentralized protocol, with extensive integrations throughout the web3 ecosystem, Pyth is well positioned to serve as a foundational cross-chain Web3 primitive to fuel the forthcoming wave of blockchain innovations and growth.” — Alpen Sheth, Borderless Capital.","\"Pyth has carved out a clear niche in proving a new oracle model that is finding fit with high throughput DeFi. As crypto evolves we’re excited to see the protocol service more of the ecosystem while beginning it’s decentralization and governance journey.” — Jordan Momtazi, Bodhi Ventures.","“Wintermute Trading has been part of the Pyth Data Provider Community since early 2022, and we are excited to expand our collaboration with the Pyth Network through a direct investment from Wintermute Ventures. Pyth has emerged as the leading Oracle network with first-party data, and we believe it will be a fundamental primitive for decentralized and centralized trading applications in the future.” — Jonas Kristensen, Wintermute Ventures.","\"We are huge believers in the Pyth Network, and we are thrilled to continue to support the project. By unlocking first-party data through rational incentivization and alignment structures with data owners, we believe Pyth represents the next iteration of the market data paradigm and is a leap forward in the advancement of finance, both decentralized and centralized.\" — Sam Hallene, Investment Partner at CMT Digital.","Most recently, the biggest achievement has come in the way of governance upgrades. The recent airdrop and this strategic raise contribute to developing a thriving community, bringing in key, long-term stakeholders to help govern the network in a decentralized way.","That answer is now up to you.","Over 60% of the total retrospective airdrop has already been claimed as of December 4, 2023, and more than 600M PYTH tokens have already been staked on the governance platform.","The Pyth Data Association will now only be a participant—by design—alongside all of the other new token-holders and the new strategic governance participants.","Token ownership signifies a voice in the critical decisions that will steer the future of DeFi infrastructure as a whole.","We encourage everyone who has recently become a stakeholder to learn more about Pyth Governance and the role you can play in the Pyth DAO from this blog post.","To the community members who have supported the network since April 7, 2021, we would like to express our appreciation. To the new joiners who have claimed their retrospective airdrops or who may have recently learned about Pyth, we couldn’t be more excited to have you on this journey.","Please subscribe to the official Pyth Network social channels to stay updated. You can join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/expanding-the-pyth-community-strategic-capital-and-new-builders"},"/blog/pyth-price-feeds-are-live-on-bittorrent-chain":{"version":1,"title":"Pyth Price Feeds Launch on BitTorrent Chain - Blog - Pyth Network","description":"BitTorrent Chain launches Pyth Price Feeds, providing developers with 400+ real-time price feeds for Ethereum-like blockchain development.","keywords":"","h1":["Pyth Price Feeds Launch on BitTorrent Chain"],"h2":["What’s Next?"],"h3":["BitTorrent Chain","Pyth Network","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","BitTorrent Chain launches Pyth Price Feeds, providing developers with 400+ real-time price feeds for Ethereum-like blockchain development.","Blockchains","Dec 14, 2023","Today, we're excited to reveal the launch of Pyth Price Feeds on BitTorrent Chain. BitTorrent Chain is an EVM compatible blockchain and offers the same smooth development experience as Ethereum but with greater speed.","Smart contract developers on BitTorrent now have permissionless access to over 400 real-time price feeds for digital assets, foreign exchange pairs, commodities, equities, and ETFs.","“We are delighted to announce the integration of Pyth oracle feeds into BitTorrent,\" said Abhimanyu Bansal, Head of Partnerships at Douro Labs. \"This exciting development is expected to ignite the growth of DeFi and spur innovations on the BitTorrent protocol.”","BitTorrent Chain is a next-generation heterogeneous cross-chain interoperability protocol supporting smart contract extension through sidechains.","At present, BitTorrent Chain supports asset interoperability between Ethereum/TRON/BSC and BitTorrent Chain to realize value exchange between blockchains. The underlying protocol adopts a POS mechanism, which speeds up transactions with an average block time between 2 to 3 seconds. Every transaction is safeguarded with proven security of the mainchain and multi-node validation; ultra-low transaction fees (<$0.01 on average) eliminate the headache of having to pay exorbitant transaction fees.","For more information, please visit BitTorrent website.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains transparently and securely.","The network comprises some of the world’s largest exchanges, market makers, and trading firms who publish price data on-chain for aggregation and distribution to smart contract applications and services.","In less than a year, the oracle network secured more than $2.0B in total value. Pyth has facilitated over $95B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 400+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can explore the resources below to start building. If you have any questions or feedback, you can reach out through our official social channels.","You can explore the full Pyth Price Feeds catalog on the website and see which price feeds are next in the pipeline. Developers interested in requesting new data feeds can reach out in the Pyth Network Discord.","Pyth Website","Pyth Docs","Pyth On-Demand Update","Pythnet","Pyth on BitTorrent Chain","Pyth Price Feeds IDs","Pyth API Explorer","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-are-live-on-bittorrent-chain"},"/blog/pyth-price-feeds-are-live-on-mode":{"version":1,"title":"Pyth Price Feeds are Live on MODE - Blog - Pyth Network","description":"MODE Network launches Pyth Price Feeds, providing developers with access to 350+ real-time price data for DeFi applications on Ethereum L2.","keywords":"","h1":["Pyth Price Feeds are Live on MODE"],"h2":[],"h3":["MODE","MODE DeFi Degen Hack","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","MODE Network launches Pyth Price Feeds, providing developers with access to 350+ real-time price data for DeFi applications on Ethereum L2.","Blockchains","Dec 5, 2023","We’re excited to announce the launch of Pyth Price Feeds on MODE, an Ethereum L2 part of the OP Superchain. Starting today, smart contract developers on Mode Network have permissionless access to Pyth’s 350+ real-time price feeds for digital assets, foreign exchange pairs, commodities, equities, and ETFs. This launch comes right at the launch of the MODE DeFi Degen Hackathon.","“Pyth launching enables a new wave of cutting-edge DeFi applications to be built by Mode’s developer ecosystem. We couldn’t be more excited to grow Web3 together,” said James Ross, founder at Mode Network.","“We are thrilled to announce that MODE is joining the rapidly expanding and dynamic Pyth Network as the newest blockchain to gain access to our comprehensive suite of nearly 400 real-time price feeds,” said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “As part of our ongoing contribution to the OP Superchain, we are proud to provide support to developers on MODE and foster the growth of high-throughput DeFi on the platform.”","Mode is an Ethereum L2 built to encourage and support a cooperative on-chain experience. Users and builders grow as the network grows.","The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution to the ecosystem through Sequencer Fee Sharing and User Referral fees.","For more information, please visit the Mode Network website.","The MODE DeFi Degen Hack kicked off on November 30 for Web3 developers all around the globe. The hackathon will end on December 22, giving new builders ample time to deploy innovative solutions on the OP Stack that leverage Pyth Price Feeds.","To learn more, visit the Hackathon website, Hackathon Devpost and their documentation.","The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains transparently and securely.","The network comprises some of the world’s largest exchanges, market makers, and trading firms who publish their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the oracle network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Smart contract developers can explore the resources below to start building. If you have any questions or feedback, please reach out. The MODE DeFi Degen Hackathon is likely the best time to get started on the newest chain from the OP Stack.","You can explore the full Pyth Price Feeds catalog on the website and see which price feeds are next in the pipeline. Developers interested in requesting new data feeds can reach out in the Pyth Network Discord.","Pyth Website","Pyth Docs","Pyth On-Demand Update","Pythnet","Pyth on MODE","Pyth Price Feeds IDs","Pyth API Explorer","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-are-live-on-mode"},"/blog/pyth-price-feeds-launch-on-stacks":{"version":1,"title":"Pyth Price Feeds Launch on Stacks - Blog - Pyth Network","description":"Stacks launches full Pyth Price Feeds deployment, empowering developers with 400+ real-time price feeds for Stacks smart contracts.","keywords":"","h1":["Pyth Price Feeds Launch on Stacks"],"h2":[],"h3":["Stacks","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Stacks launches full Pyth Price Feeds deployment, empowering developers with 400+ real-time price feeds for Stacks smart contracts.","Blockchains","Dec 14, 2023","Today marks the full deployment and launch of Pyth Price Feeds on Stacks, the Bitcoin layer enabling developers to build decentralized apps and smart contracts.","This launch follows after the Developers Release of Pyth Price Feeds on Stacks earlier in August this year. Today, all smart contract developers on Stacks can harness the full power of Pyth Price Feeds and Pyth Benchmarks. Developers have permissionless access to over 400 real-time price feeds for digital assets, foreign exchange pairs, commodities, ETFs, and even US equities.","This deployment is made possible thanks to the contributors at Hiro, the developer tools company for Bitcoin layers. We’re excited to continue collaborating with the Stacks ecosystem to further the capabilities and userbase of decentralized finance.","“We’ve heard from our developer community the importance of accurate, reliable oracles, which is why we’re proud to contribute to bringing Pyth price feeds to Stacks,” said Alex Miller, CEO of Hiro. “The next generation of DeFi apps will be on Bitcoin layers like Stacks.”","\"Stacks leads the charge in integrating smart contracts, ushering in the era of DeFi on Bitcoin as its execution layer”, said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “We're thrilled to introduce the comprehensive suite of Pyth Network price feeds to developers within this dynamic ecosystem, fostering the expansion of DeFi on the world's most secure and pioneering blockchain.”","Stacks is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.","In December 2022, the sBTC whitepaper was released along with plans for the 2023 Nakamoto Release which will bring faster speeds and transactions backed by 100% of BTC security to the Stacks Layer. ‍The launch of sBTC will unlock Bitcoin as a fully programmable, productive asset for countless use cases.","In the Stacks ecosystem, there are currently more than 30 companies including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, New Internet Labs, Mechanism, Daemon Technologies, ALEX, Arkadiko, and more.","For more information about Stacks, please visit their website.","Pyth Network is the fastest growing and largest first-party financial oracle. The network real-time financial data to over 45 blockchain ecosystems securely and transparently.","The oracle network comprises some of the world’s largest market makers, exchanges, and financial services providers who contribute their proprietary data on-chain for aggregation and dissemination to decentralized and off-chain applications.","In less than a year, the Pyth Network secured more than $2.0B in total secured value. Pyth currently supports over 400 low-latency price feeds across major asset classes and has facilitated over $95B in trading volume. You can learn more about Pyth Network from the website and documentation.","We invite readers to explore our resources below to start building and learn more. If you have any questions, please do not hesitate to reach out.","Readers can also look forward to more Stacks DeFi applications becoming #PoweredByPyth. You can find the full catalog of price feeds on our website and see which price feeds are next in the pipeline. If you would like to request a new price feed, you can let us know in our Discord.","Pyth Website","Pyth Docs","Pyth On-Demand Update","Pythnet","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-stacks"},"/blog/new-pyth-data-provider-folkvang":{"version":1,"title":"New Pyth Data Provider: FOLKVANG - Blog - Pyth Network","description":"Pyth Network welcomes FOLKVANG, a crypto trading firm, to enhance digital asset pricing with their market data. \n","keywords":"","h1":["New Pyth Data Provider: FOLKVANG"],"h2":[],"h3":["Who is FOLKVANG ?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes FOLKVANG, a crypto trading firm, to enhance digital asset pricing with their market data.","Data Providers","Dec 18, 2023","We are pleased to welcome FOLKVANG, a quantitative trading firm, and liquidity provider in all leading crypto markets, to the Pyth Network data provider community.","This partnership will oversee FOLKVANG contributing its proprietary market data for digital assets to the Pyth oracle protocol. FOLKVANG’s wide market reach and deep on-chain activity will bolster the network’s ability to price digital assets in a live and reliable manner. This strategic collaboration is another important step towards realizing the Pyth Network’s mission of delivering the world’s financial data to all blockchains.","“Pyth is the fastest growing decentralized pricing oracle out there, powering a wide range of different blockchain applications”, said Mike van Rossum, co-founder, and CEO of FOLKVANG. “By working directly with Pyth our pricing data will reach and help secure hundreds of different decentralized applications.”","Abhimanyu Bansal, Head of Partnerships at Douro Labs, said “Folkvang is renowned in the crypto trading space for supporting web3 projects with their liquidity needs. We are very excited to have them join the Pyth Network as the latest data provider, enabling further decentralization and reliability of Pyth price feed oracles.”","FOLKVANG is a quantitative trading firm and liquidity provider in all leading crypto markets.","While FOLKVANG was officially launched in 2019, it has been a high-frequency algorithmic trader in crypto assets since 2013.","The FOLKVANG team is also the creator of GEKKO, a top five Bitcoin project on GitHub, and AGENTSMITH, a triangular arbitrage synopsis with 100K reads.","Creators and owners of unique, proprietary financial data such as FOLKVANG help make the Pyth Network possible. The data provider community is critical for building our oracle protocol and helping ensure that global blockchain and off-chain participants have reliable access to secure market data.","Learn more about Pyth Network","Learn more about FOLKVANG","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-folkvang"},"/blog/new-pyth-data-provider-trader-joe":{"version":1,"title":"New Pyth Data Provider: Trader Joe - Blog - Pyth Network","description":"Pyth Network partners with Trader Joe to expand real-time data offerings for smart contracts on Ethereum & Avalanche.\n","keywords":"","h1":["New Pyth Data Provider: Trader Joe"],"h2":[],"h3":["Who is Trader Joe?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network partners with Trader Joe to expand real-time data offerings for smart contracts on Ethereum & Avalanche.","Data Providers","Dec 15, 2023","Today, the Pyth Network is welcoming aboard Trader Joe as a new data provider. Trader Joe is the one-stop decentralized trading platform on the Avalanche and Arbitrum.","This collaboration will bring the leading Avalanche DEX to publish real-time price data for Ethereum and Avalanche-native tokens to enhance the data offerings of the Pyth oracle network. This partnership is another major step towards bringing the world’s market data on-chain for smart contract developers everywhere.","Davidefi, General Manager at Trader Joe, said “Trader Joe is beyond excited to join forces with the Pyth Network. This collaboration isn't just about sharing data; it's about synergizing our expertise in decentralized trading with Pyth's cutting-edge oracle network. Our aim is to deliver unparalleled, real-time insights into key Avalanche and Arbitrum crypto assets, fueling innovation and enhancing decision-making for developers and traders alike in the ever-evolving cryptocurrency landscape.”","Abhimanyu Bansal, Head of Partnerships at Douro Labs, said “Trader Joe is a pioneer in the Avalanche ecosystem and needs no introduction. As the Pyth network expands to newer ecosystems, we are thrilled to have them onboard as a data provider. This will enable access to essential assets for both Avalanche and the broader crypto ecosystem.”","Trader Joe is the leading decentralized exchange on Avalanche. Trader Joe Lend is a decentralized lending protocol built onto the Trader Joe platform.","Trader Joe was launched in 2021. The platform has gathered $2.5B in total value locked and facilitating close to $100B to date.","Creators of unique market data like Trader Joe make the Pyth oracle network possible. The Pyth Network’s data providers play a critical role in helping ensure that the Web3 industry can flourish with access to reliable and secure financial data.","Learn more about Pyth Network","Learn more about TraderJoe","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-trader-joe"},"/blog/movement-labs-and-pyth-launch-real-time-data-feeds-for-move-developers":{"version":1,"title":"Movement Labs and Pyth Launch Real-Time Data Feeds for Move Developers - Blog - Pyth Network","description":"Pyth & Movement Labs partner to expand Move infrastructure! Access 400+ price feeds & build custom Move-EVM blockchains for scalable applications.","keywords":"","h1":["Movement Labs and Pyth Launch Real-Time Data Feeds for Move Developers"],"h2":["What’s Next?"],"h3":["Movement","Pyth Network","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth & Movement Labs partner to expand Move infrastructure! Access 400+ price feeds & build custom Move-EVM blockchains for scalable applications.","Blockchains","Dec 18, 2023","It has never been a better time to get moving! Today, the Pyth contributors are excited to announce a strategic collaboration with Movement Labs, which is building a modular framework to build and deploy Move-based infrastructure, applications, and blockchains.","This partnership will make the 400+ Pyth Price Feeds available to all builders leveraging the Movement SDK—the latter enables builders to utilize the Move Virtual Machine for launching custom Move-EVM blockchains.","EVM applications upgrading their codebases with the Fractal Transpiler and launching on Movement will have access to the best price feeds across networks out of the box. Upgrading smart contract performance and security does not mean sacrificing reach or infrastructure on the Movement Network. In fact, reach is expanded with instant access to price feeds across 45+ chains as they deploy. dApps such as Interest Protocol can effectively price cross-chain and cross-vm assets, secured and supercharged by Move.","We envision this collaboration as a significant milestone in the evolution of Web3 and decentralized applications. With Pyth, Movement is set to create faster application experiences with more comprehensive data, better UX, and significant performance improvements. Perpetual exchanges on Movement such as Xebra will have pricing as competitive as CEX’s, lower than 10 basis points.","Pyth’s integration with the Movement Open Framework grants the Oracle Service access to the diverse ecosystem of applications building on the Movement Network, including decentralized apps, games, consumer-oriented applications, and financial products bridging the gap between institutional and retail finance. These applications push the boundaries of development and performance capabilities of previous-generation smart contract development languages and will showcase the power of Pyth price feeds.","“Next-generation price feeds and oracle services are critical for any next-generation network. With this partnership, Movement is proud to support Pyth as the network’s oracle and deliver real-time data to Move builders within the modular ecosystem.” - Rushi Manche","Abhimanyu Bansal, Head of Partnerships at Douro Labs, said ”Movement exemplifies how modular technology can combine execution and security environments, seamlessly facilitating the flow of liquidity and data. We are thrilled to collaborate with Movement and contribute to their journey by integrating Pyth network oracle feeds into the network. This integration will empower the growth of DeFi and harness the potential of this innovative paradigm.”","Movement is developing tools and infrastructure to improve the security and efficiency of distributed networks. With a focus on smart contract safety and blockchain scalability, Movement Labs is pioneering new applications in decentralized economies, leveraging the security and performance of the Move Programming Language.","To learn more, visit Movement website, and get involved via the Movement Community Program.","The Pyth Network is the largest and fastest-growing first-party financial oracle network, delivering real-time market data to more than 45 blockchains.","The oracle network comprises some of the world’s largest exchanges, market makers, and trading firms who contribute their proprietary price data on-chain for aggregation and distribution to smart contract protocols.","In less than a year, the oracle network secured more than $2.0B in total value. Pyth has facilitated over $95B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 400+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","You can explore the resources below to get started. If you have any questions, don’t hesitate to reach out.","Developers can check out the price feeds catalog on our website and even see what data feeds are next in the pipeline. If you would like to request a new data feed, please reach out in our Discord.","Pyth Website","Pyth Docs","Pyth On-Demand Update","Pythnet","Pyth Price Feeds IDs","Pyth API Explorer","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/movement-labs-and-pyth-launch-real-time-data-feeds-for-move-developers"},"/blog/new-pyth-data-provider-aftermath":{"version":1,"title":"New Pyth Data Provider: Aftermath - Blog - Pyth Network","description":"Pyth Network expands with Aftermath, a Sui DEX, adding market data to its growing on-chain financial data offerings. \n","keywords":"","h1":["New Pyth Data Provider: Aftermath"],"h2":[],"h3":["What is Aftermath?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands with Aftermath, a Sui DEX, adding market data to its growing on-chain financial data offerings.","Data Providers","Dec 19, 2023","Today, we welcome Aftermath to the Pyth Network as a new data provider. Aftermath is a leading decentralized exchange on the Sui Network.","While Aftermath perpetuals protocol is already #PoweredByPyth, this new collaboration entails Aftermath (AMM DEX) to publish its market data for Sui-native tokens. This is another step towards strengthening Pyth data offerings and bringing all the world’s financial market data on-chain for builders globally.","“We are thrilled to have Pyth as our go-to Oracle provider. Their agility in listing diverse price feeds is a key factor that empowers us to develop a broader range of markets. This enhances our platform's versatility, paving the way for unique and exciting speculative options for our users.” said Jack Mehofer, Head of Communications at Aftermath.","Abhimanyu Bansal, Head of Partnerships at Douro Labs, said “Aftermath's addition to the Pyth network's data publisher network will enable more reliable and secure price feeds for Sui as well as other ecosystems. With the advent of LSDs, it is imperative that more DEXs come together to support the Pyth network’s mission of bringing the best data to all of DeFi.”","Aftermath is building an all-in-one platform for trading, investing, and earning yield that is fast, inexpensive, and fully transparent. It includes (or soon will) AMM pools, a Liquid Staked Derivative, Perpetuals, and Options among other things.","Started earlier this year, Aftermath currently gathers close to $17M in value locked and has already generated $32M in trading volume.","Creators and owners of market data such as Aftermath make the Pyth mission possible. The Pyth data provider community plays a crucial role in ensuring that global Web2 and Web3 participants have continuous access to reliable, secure price data.","Learn more about Pyth Network","Learn more about Aftermath","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-aftermath"},"/blog/pyth-monthly-update-december-2023":{"version":1,"title":"Pyth Monthly Update | December 2023 - Blog - Pyth Network","description":"Pyth Network’s growth exploded in December with 20+ dApp integrations, 10M cross-chain updates & new blockchain partnerships. 🚀 \n","keywords":"","h1":["Pyth Monthly Update | December 2023"],"h2":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community, Socials and Others"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s growth exploded in December with 20+ dApp integrations, 10M cross-chain updates & new blockchain partnerships. 🚀","Updates","Jan 5, 2024","After a landmark month for the Pyth Network in November, December 2023 showed no sign of slowing down.","The Pyth ecosystem surged in growth across all aspects: nearly twenty new dApp integrations, a dozen price feeds launched, four new blockchains integrated, three new data providers onboarded, and a 10M cross-chain price updates delivered—all in one month.","We’re pleased to welcome so many household names, including Movement Labs, Trader Joe, Folkvang, Mummy Finance, and Cetus to the Pythian family this holiday month. Many #PoweredByPyth partners celebrated new milestones in trading volume and feature launches, all made possible thanks to Pyth Data.","Santa and the Pythia brought presents with them too. First is the establishment of the Pyth Governance protocol layer, which now puts the future of the Pyth Network and ecosystem in the hands of the community. The Pyth contributors also recognize the importance of creating a transparent, intuitive, and inclusive social layer. Stay tuned on these matters through the official social channels.","The second tidings came from Data-Driven 2023, the inaugural Pyth Network ecosystem and developers conference. Two full days of keynotes and industry panels by blockchain foundations, exchange operators, DeFi founders, and thought leaders abound. Mike Cahill and Jayant Krishnamurthy kicked off the conference with their keynotes on the Pyth Network’s progress since April 2021, the Pyth product line and its newest developments, and what it means to build a truly sustainable oracle network. All presentations were recorded and will be released throughout January.","To all the newcomers to the Pyth Network wondering where all of this is headed: welcome aboard, and buckle up. This community of builders and experts has been around longer than you might expect. To our long-time supporters, advocates, ambassadors, and ecosystem contributors—thank you for all of your support throughout 2023. It’s our honor to continue pushing the frontiers of DeFi together with you, and we can’t wait to show you what’s next in the Pythian pipeline.","New dApps Using Pyth","Kryptonite, a lending protocol where any asset can become a source of yield.","Deribet, a unique platform blending the excitement of leverage trading with the digital gaming world.","Degen Base, a trustless perpetual platform built on Base.","Mummy Finance, a comprehensive derivatives and perpetual protocol operating across Fantom, Optimism, Arbitrum, and Base.","Copin, a protocol enabling anyone to analyze and copy trade other on-chain users across Polynomial, Kwenta, and others","Ununx, a decentralized derivatives infrastructure that creates an open, trustless derivatives market by enabling the trading of any asset on Arbitrum.","FlatMoney, a purely onchain native currency, untouched by external financial dynamics.","Unitus, a next-generation multi-chain money market.","Cryptex, a decentralized platform providing cutting-edge perpetuals, all built atop Perennial and Arbitrum.","Horizon Protocol, a DeFi platform offering unique opportunities for on-chain trading of synthetic assets that mirror real-world economic assets' risk and return profiles.","DropCopy, a prediction game using a parimutuel system to determine the winner.","Sprk, a cross-margin oracle-based perpetual order book built on the Fuel Network.","KTX, a decentralized derivative and social trading platform on BNB Chain and Mantle.","D8X, an institutional-grade perpetual futures built on Polygon zkEVM.","DeFi Partner Updates","Paradex crossed the $2B in total traded volume.","Flash Trade is live on Solana Mainnet.","Drift Protocol reached $100M in TVL as well as $1B traded in 30 days.","Synthetix Perps V3 is set to launch with the Andromeda Release on Base, soon to be followed by an Ethereum Mainnet version for medium to whale traders.","KTX passed the $1B Traded Volume mark.","C3 reached the 100k users on its app in December.","Expanding the Pyth Community: Strategic Capital and New Builders","New Blockchains Integrated with Pyth","Mode","BitTorrent","Stacks","New Price Feeds","BOBA/USD, XAUT/USD, PYUSD/USD, TRB/USD, WOM/USD, JTO/USD, BRZ/USD, ORDI/USD, POL/USD, BTT/USD, LST/USD, BIFI/USD.","Online Events","DD23: Pyth’s Journey","DD23: Sustainable Growth Unveiled with Mike Cahill","DD23: The Pyth Product Line with Jayant Krishnamurthy","Mike Cahill on the Empire Podcast","Merry Christmas and Happy New Year to all Pythians","Pythians on Santa’s Nice list","Pythia guides DeFi to new heights","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-december-2023"},"/blog/secure-random-numbers-for-blockchains":{"version":1,"title":"Secure Random Number Generation for Blockchain Applications - Blog - Pyth Network","description":"Secure random numbers are crucial for fair blockchain applications like NFT drops and games, ensuring provably random outcomes.","keywords":"","h1":["Secure Random Number Generation for Blockchain Applications"],"h2":["Participants","Properties","Approaches to Randomness","Conclusion"],"h3":["Trusted Third Party","Blockhash","Verifiable Random Function","Commit-Reveal","Other Approaches"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Secure random numbers are crucial for fair blockchain applications like NFT drops and games, ensuring provably random outcomes.","New Products","Jan 12, 2024","Many blockchain applications need access to a secure source of randomly generated numbers.","For example, a profile picture NFT drop needs to select random attribute combinations for each NFT. Alternatively, a video game running on the blockchain may wish to randomly draw the items in a treasure chest when it is opened. In both of these cases, a secure random number generator makes the application provably fair for users. These are just some possible applications for random numbers — in general, randomness is a useful tool to solve many different kinds of algorithmic problems.","Unfortunately, the inherent properties of blockchains make it more difficult to generate random numbers. The state of the blockchain evolves according to a deterministic set of rules, where each transaction generates a specific output state given its inputs. These rules must be deterministic because every validator must be able to verify the processing of every transaction. If the rules were not deterministic, then validators could disagree about the state.","However, there are a variety of random number generation approaches that work on blockchains. This article explains and analyzes some of these approaches.","A random number generation protocol generally involves multiple different participants. Each participant is a person who either participates in the protocol, or has an interest in the result. Depending on the approach, different subsets of the following participants will be involved. The possible participants are:","Application Developer — The developer writes the software that requests and uses the random number. Although the developer typically does not play an active role in generating the random number, the developer wants the result to be truly random. For example, the developer of an NFT collection wants to be certain that no one can cheat their protocol to mint an NFT with all of the rarest attributes.","User — The user interacts with a protocol to initiate a random number request. For example, the user could be the person minting an NFT.","Validator — Many random number generation protocols use input data from the blockchain. The validator(s) of the blockchain (or miners / sequencers, as the case may be) may have some control over that input data.","Service Provider — Many protocols have a designated off-chain service provider that is responsible for some part of the process. This service provider is supposed to be a neutral third party, but the more sophisticated random number generation approaches will minimize the amount of trust vested in this participant.","Note that a single person could potentially play the role of multiple participants. For example, the user could also run a validator on the network. Many of the attack vectors on these protocols will come from scenarios where multiple participants are secretly working together.","Before we talk about approaches, we should agree on the desired properties of a random number generator.","Every random number generator runs in two phases. First, the user requests a random number in the request phase. Second, the random number is generated and published to the blockchain in the reveal phase. Each of these phases requires at least one blockchain transaction — it is not possible to securely generate an on-chain random number in a single transaction. The exact computations performed in each phase will differ between the various protocols, however.","There are three security properties that we care about:","Unpredictability — Before the random number is requested, none of the participants should be able to predict the random value with odds better than chance. This property is simply a formal definition of “random”.","Determinism — After the random number is requested, there is exactly one possible value that it can take. This property ensures that participants cannot influence the result after it has been requested.","Liveness — After the random number is requested, the protocol runs through completion. That is, the reveal phase also completes.","The critical question to ask about a random number generation protocol is: under what conditions do these properties hold? For example, a protocol may require the service provider to act honestly. These conditions are the trust assumptions of the protocol. The fewer trust assumptions, the more secure the protocol is.","The simplest possible protocol is to have a service provider who generates the random number. When a user requests a random number, the service provider simply generates one off-chain and posts it back to the blockchain.","This approach is extremely simple, but requires strong trust assumptions: the participants must trust the honesty of the service provider. The service provider can pick the random number, and also has the ability to halt the protocol. These assumptions can be improved somewhat by having the service provider compute inside a secure enclave, such as Intel SGX, though such enclaves have repeatedly demonstrated that they are imperfect (e.g. SgxPectre Attacks).","One simple random number generation strategy is to use the blockhash of a future block. The request transaction saves the current (or a future) block number. The validators of the network then compute the blockhash for that block. Once the blockhash is available, the reveal transaction simply returns it.","The blockhash approach is simple and easy to use on any blockchain. However, it requires strong assumptions: the participants must trust the honesty of the validator. The validator can reorder or omit transactions to modify the blockhash. Thus, an attack is that the user of the protocol either runs or colludes with a validator to ensure that a favorable random number is chosen.","Thus far, the problem with previous approaches has been that a single participant can influence the result (thereby rendering it predictable). Verifiable Random Functions eliminate this attack vector by requiring multiple participants to collaborate in order to influence the random number.","A VRF is a function f_s(x) = (y,p) with the property that the output y looks random, but is deterministically computed from the input x and secret key s. Furthermore, the function returns a proof p that anyone can check to verify that y is the correct output. (This explanation is somewhat simplified. See the IETF RFC on VRFs for a more thorough explanation).","On the blockchain, VRFs are typically used as follows. First, the input x is partially provided by the user and partially derived from the blockhash. An off-chain service provider with the secret key s watches the blockchain for requests, and submits on-chain responses (y,p). The reveal transaction checks the proof p to ensure that y is the correct value, then proceeds.","The benefit of VRF is that it improves the trust assumptions over previous approaches: the user, validator, and service provider all must collude in order to predict the random number. The main concern with VRF is liveness: participants must trust the service provider to not censor transactions. The service provider can see the generated random number and choose whether or not to submit it to the blockchain. For example a possible attack could be: the user submits a request to say flip a coin, then colludes with the VRF provider to only complete the request if the outcome is heads. However, these attacks can be mitigated by the application developer — in particular, as long as the user cannot benefit from a failure to reveal, there is no incentive to perform this attack.","A further drawback of VRF is that the cryptography is relatively complicated and computationally intensive. Most blockchains do not provide built-in implementations of all of the necessary cryptographic primitives, so implementations can use a lot of gas or require multiple transactions.","VRFs are not the only way to improve the trust assumptions of random number generation. Another approach is a commit-reveal protocol for random number generation between mutually untrusting parties. The basic version of this protocol works as follows:","In the request phase, both the user and and the service provider generate a secret random number. They both submit the hash of that random number to the blockchain. The hash is called a commitment.","In the reveal phase, both the user and service provider reveal their random numbers. Each participant checks that the other participant’s revealed number hashes to their commitment. Then, the random number is the hash of the two random numbers. For blockchain implementations, the blockhash from the request transactions can also be included in this final hashing step.","The commit-reveal protocol similarly improves the trust assumptions over the initial approaches: the user, validator and service provider must all collude to predict the random number. Additionally, this protocol only uses simple cryptography — it only needs a hash function — so it is simple to implement. This protocol has a similar liveness issue to VRF, however: whichever of the user or service provider reveals their random number second can halt the protocol. As with VRF, this attack vector can be mitigated by the application developer using the same techniques mentioned above for VRF.","Note that a naive implementation of this protocol will require more than two transactions, because both the user and the service provider need to send transactions in each of the two phases. This drawback can be solved through a more sophisticated implementation that allows the service provider to commit to many numbers up-front. Pyth Entropy is just such a sophisticated implementation of a commit-reveal protocol.","Both VRF and commit-reveal allow application developers to gain unpredictability at the cost of liveness. If developers are worried about trusting one service provider, they can simply request random numbers from N service providers instead and combine the results. This approach improves unpredictability — all of the N providers need to collaborate to influence the outcome — but reduces liveness — any one of the N providers can prevent the random number from being revealed. However, note that none of the N providers alone knows what the final random number is, so they cannot use that knowledge to decide when to stop the protocol.","There are other more advanced approaches to generate secure random numbers. These approaches aim to improve the unpredictability/liveness tradeoff from above, such that > 1 provider is required to halt the protocol. One such approach is a threshold VRF, where the secret key s for the VRF is sharded amongst multiple participants. Another approach is a random beacon. While these approaches do have better security tradeoffs than those above, they are somewhat overkill for most applications, especially since liveness problem can be mitigated through application design.","This article has walked through several approaches to random number generation on the blockchain and analyzed their pros and cons. If you’re developing an application that needs secure random number generation, check out Pyth Entropy and reach out to Pyth contributors via Discord, Telegram or other social channels, on how you can leverage this innovative new product from Pyth.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/secure-random-numbers-for-blockchains"},"/blog/how-pyth-handled-a-price-spike-after-fake-etf-news":{"version":1,"title":"How Pyth Handled A Price Spike After Fake ETF News - Blog - Pyth Network","description":"Bitcoin price volatility surged due to a SEC account hack. Pyth Network’s data quickly identified the false announcement, proving crucial for market stability.","keywords":"","h1":["How Pyth Handled A Price Spike After Fake ETF News"],"h2":["Another One","Zooming In: The Fake SEC Tweet","Zooming In: The Gensler Redaction"],"h3":[],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Bitcoin price volatility surged due to a SEC account hack. Pyth Network’s data quickly identified the false announcement, proving crucial for market stability.","Pyth Primers","Jan 15, 2024","Once again, Bitcoin prices experienced a short period of volatility this week based on a false post by the official SEC account on X on January 9, 2024 at 21:11 UTC. Approximately 15 minutes after the fraudulent announcement, Gary Gensler gave an official statement from his personal account explaining that the SEC account was compromised.","This blog post offers a case study showcasing the Pyth Network’s handling of this sudden price spike and subsequent crash.","In the plot below, you can see the Pyth aggregate plotted along with its confidence interval shown shaded in purple, between 21:11 and 21:26 UTC on January 9, 2024.","During the peak of the spike, BTC hovered around $48K on most exchanges. Pyth confidence intervals widened accordingly to reflect uncertainty between different BTC markets.","We overlaid the Pyth aggregate price series for BTC/USD to the BTC/USDT market in OKX, a considerably liquid pair and therefore a good proxy for a live Bitcoin price. You can see in the plot below that the Pyth aggregate price (in purple) closely follows the OKX price (black). Even during times of sudden volatility, Pyth Price Feeds can track this activity across multiple real-world markets at high resolutions.","Let’s take a closer look at the composition of the aggregate Pyth BTC/USD price.","The graph below illustrates the aggregate price, accompanied by its confidence interval. It also displays the lowest and highest prices of the active publisher (or data provider) prices, along with the 25th and 75th percentile of active data provider prices.","The proximity of the 25th and 75th percentile ranges suggests that the majority of data providers reliably tracked the price surge on primary centralized exchanges. While there were a few anomalies in both directions (e.g. the max of the active publishers), the Pyth aggregation method successfully eliminated these outliers.","The graph below displays the standard deviation among active publishers, the interquartile range (the gap between the 75th and 25th percentiles) of these publishers, and the breadth of the width of the aggregate confidence interval.","The Pyth aggregation algorithm's ability to filter out anomalies is evident in this visualization: the standard deviation among publishers notably exceeds the interquartile range, primarily because of a handful of outliers. In particular, the publisher that reported the maximum price between 21:20 and 21:45 may have had an issue with their data sourcing during that time period. However because the BTC/USD feed generally features around 30 active publishers and due to the outlier-robust nature of aggregation, the aggregate price cleanly filtered out this anomaly. The Pyth confidence interval closely aligns with the interquartile range, instead of aligning with the outlier range.","One interesting observation: During the one-hour window in question, the CEX price on one of the major exchanges was captured by one confidence interval around the Pyth aggregate for 73% of the time. The CEX price was within 2 confidence intervals 93% of the time.","This outcome reflects good calibration: data providers’ confidence intervals widened when there was confusion between traders and liquidity venues, and tightened when there was consensus between them. This behavior is expected from the Pyth confidence interval features and offers powerful, actionable insights to downstream protocols using the Pyth BTC/USD price feed.","Let’s take a look at one slot in particular at 21:12:30 GMT that day.","The aggregate price here was $47,673.93. The minimum publisher published a price of $46,720.02 and was one of only 2 publishers to publish a price below $47,000. The maximum publisher had a price of $47,826.18. The aggregate confidence interval width was $105.77 considering that 23 active publishers were in a relatively tight $350 range and only 5 publishers were outside of that range.","Zooming into the main period of the initial spike, 21:12-21:15 GMT, we see visually that the confidence intervals expanded amidst the greater volatility and uncertainty.","Indeed, during that 3-minute stretch, the average aggregate confidence interval width was over $77, or approximately 0.15%.","Over the remainder of that hour, the average aggregate confidence interval width was about $45, or approximately 0.1%.","Upon publication of Gensler’s post debunking the fraudulent ETF approval announcement by the SEC’s official account, the price of Bitcoin predictably responded across many centralized exchanges. The dip went as low as $44,750 for some venues in that one-hour window.","Pyth publishers immediately mirrored the real-time price decline, causing a swift drop in the reported aggregate. The Pyth confidence interval widened substantially to capture the price dislocations across different liquidity venues.","As prices across these platforms gravitated back to approximately $45,600, the quotes from the publishers also aligned, leading to a corresponding decrease in aggregate confidence.","Pre-news confidence (around $46, or approximately 0.1%) was lower than post-spike confidence (around $71, or approximately 0.15%).","Increased uncertainty surrounded the BTC price because of ongoing concerns about the news and its subsequent correction, leading to heightened price volatility after the spike and wider variances in publisher quotes.","As uncertainties diminished over time, the aggregate confidence interval also narrowed. This case study demonstrates that the Pyth Confidence intervals once again functioned effectively as intended, maintaining resilience amidst market unpredictability.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Feb 24, 2026","Feb 16, 2026","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-pyth-handled-a-price-spike-after-fake-etf-news"},"/blog/pyth-governance-a-guide-to-staking-pyth-tokens":{"version":1,"title":"Guide to Staking PYTH Tokens for Pyth Governance - Blog - Pyth Network","description":"Pyth Network launches, empowering PYTH holders with voting power via on-chain governance. Shape the future of the protocol!","keywords":"","h1":["Guide to Staking PYTH Tokens for Pyth Governance"],"h2":[],"h3":["The Importance of Staking in Pyth Governance","Understanding the PYTH Staking Program","Staking Your PYTH Tokens","Unstaking Your PYTH Tokens","Withdrawing Your Tokens","Helpful Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches, empowering PYTH holders with voting power via on-chain governance. Shape the future of the protocol!","Events","Jan 17, 2024","The Pyth Network's permissionless mainnet launch on November 20, 2023, opened the door for PYTH Token holders to participate in Pyth Governance.","As a vital member of the Pyth ecosystem, you are invited to shape the future of the Pyth protocol. By staking your PYTH in the official staking program, ecosystem participants can gain voting power to help influence key decisions through on-chain voting. This is your opportunity to steer the course of the Pyth Network through collective-decision making and discourse.","To participate in the Pyth Network's on-chain governance process, you must stake your PYTH Tokens on the official staking program. Pyth Governance is expected to help determine features such as:","Reward structures for data providers.","The size, continuation, and denomination of oracle fees.","The data feeds listed on the network and the data providers supporting them.","Your voice and votes matter for these pivotal decisions.","To begin, visit the official staking website here. The webpage UI will walk you through the following actions:","Stake: Deposit your PYTH Tokens into the staking program. Staking tokens requires a warm-up period: your stake will become eligible for voting at the start of the next epoch. Epochs are a period of seven days. Each epoch starts on Thursday at 00:00 UTC.","Unstake: Unstake your PYTH Tokens from the staking program. Unstaking your tokens cause you to lose the voting rights associated with those staked tokens. Withdrawing tokens requires a cooldown period of one epoch.","Withdraw: Seamlessly transfer your newly unstaked PYTH Tokens back into your SPL wallet.","You can choose among these three actions with a simple click.","Initiate Staking: Navigate to the \"STAKE\" tab and enter the amount of PYTH Tokens you wish to stake.","Confirm Transaction: Approve the transaction in your wallet. Your wallet will prompt you with a pop-up.","Track Your Stake: View your staked tokens and their corresponding voting power in the \"Staked\" window.","Once you stake your PYTH Tokens, you will be able to participate in governance at the start of the next epoch.","Staked tokens will appear in the \"Staked\" window. The warm-up period starts once current epoch ends and the new epoch begins. During the warm-up period, this amount of staked tokens will appear in parentheses in the second line. For example, if you stake on a Monday, your tokens will become eligible for voting on the Thursday of the following week.","When the next epoch starts, that amount will appear in the first line. The first line represents the number of staked tokens with which you can use to vote.","Initiate Unstaking: Navigate to the \"UNSTAKE\" tab and enter the amount of PYTH Tokens you wish to unstake.","Track Your Stake: View the amount of tokens set to unstake in the \"Unstaked\" window.","Tokens set to unstake will appear in the \"Unstaked\" window. The cooldown period starts one epoch after the current one ends. For example, if you unstake on a Monday, you will be able to withdraw your tokens on the Thursday of the following week.","Upon setting your tokens to unstake, you will see that amount of tokens appear in the \"Unstaked\" box in the second line within parentheses. This is the amount that will become ready to withdraw after the cool-down period. Token amounts that are ready to be withdrawn will appear in the first line.","Initiate Withdrawing: Navigate to the \"WITHDRAW\" tab and enter the amount of PYTH Tokens you wish to withdraw.","Confirm Transaction: Approve the transaction in your Solana wallet. Your wallet will prompt you with a pop-up. Upon confirmation, your PYTH Tokens will return to your wallet.","If you have any questions or encounter any issues, please reach out in the official Pyth Network Telegram or Discord. You can open a ticket in the Discord by navigating to the #request-support channel.","Please verify that the Staking Webpage URL you are visiting is: https://staking.pyth.network. Please ensure that all Pyth Network webpages you are visiting are under the pyth.network domain. You are responsible for verifying that any Pyth Network social channels that you visit are listed in the official community hub. The Pyth Network contributors will NEVER reach out to you first or ask you for your personal information.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-governance-a-guide-to-staking-pyth-tokens"},"/blog/new-pyth-data-provider-swissborg":{"version":1,"title":"New Pyth Data Provider: SwissBorg - Blog - Pyth Network","description":"Pyth Network welcomes SwissBorg, Europe’s leading crypto app, to enhance price feeds with valuable market data for cryptocurrencies.","keywords":"","h1":["New Pyth Data Provider: SwissBorg"],"h2":[],"h3":["Who is SwissBorg?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes SwissBorg, Europe’s leading crypto app, to enhance price feeds with valuable market data for cryptocurrencies.","Data Providers","Jan 16, 2024","Today, we welcome SwissBorg to the Pyth Network’s data provider community. SwissBorg is Europe’s leading trusted, secure, and reliable crypto app where anyone can invest and grow its crypto portfolio.","SwissBorg will contribute its market data on digital assets and currencies to help enhance the Pyth Price Feed offerings across cryptocurrencies and foreign exchange pairs. SwissBorg’s operational data captures both on-chain and off-chain liquidity, making its proprietary data set a valuable contribution to the Pyth oracle network.","“Pyth’s low-latency oracle and pull business model are key innovations that will make it a pillar for the growth of DeFi”, said Nicolas Rémond, CTO of SwissBorg. “As SwissBorg, we’re very excited to leverage our Smart Engine to price assets for Pyth and collaborate with them.”","“Institutions like SwissBorg provide Pyth Network with reliable and credible multi-asset price data, ensuring the security and reliability for which Pyth is renowned,” noted Abhimanyu Bansal, Head of Partnerships at Douro Labs. “We are excited to welcome them as a data publisher and look forward to future collaboration.”","SwissBorg is a crypto wealth platform where 750k+ users buy, sell and earn on 60+ digital assets, 16 fiats, across 8 exchanges (both CEXs and DEXs), and all in one app.","Headquartered in Lausanne, Switzerland, SwissBorg has an international team of over 250 people and holds two licenses to provide Virtual Currency Exchange and Virtual Currency Wallets internationally as well as the French PSAN or DASP (digital asset service provider).","Creators of unique market data such as SwissBorg make the Pyth Network possible. The Pyth Network’s community of data providers plays a pivotal role in providing smart contract developers with continuous access to robust and secure price data..","Learn more about Pyth Network","Learn more about SwissBorg","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-swissborg"},"/blog/pyth-price-feeds-and-entropy-launch-on-blast-testnet":{"version":1,"title":"Pyth Price Feeds and Entropy Launch on Blast (Testnet) - Blog - Pyth Network","description":"Pyth Network launches on Blast Layer 2, introducing Entropy random numbers & 400+ price feeds. Boosting Blast’s native yield ecosystem.","keywords":"","h1":["Pyth Price Feeds and Entropy Launch on Blast (Testnet)"],"h2":[],"h3":["Random Numbers—Now #PoweredByPyth","Putting Pyth Price Feeds on Blast","Blast","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches on Blast Layer 2, introducing Entropy random numbers & 400+ price feeds. Boosting Blast’s native yield ecosystem.","Blockchains","Jan 16, 2024","The Pyth Network is blasting off the new year with its deployment on Blast, the Layer 2 specializing in native yield. This launch oversees the deployment of Entropy, the Pyth Network’s newest solution for on-chain random numbers, as well as 400+ Pyth Price Feeds, for the Blast developer ecosystem.","Blast is the first Ethereum Layer 2 offering native yield for ETH and stablecoins, which will derive from ETH staking activity and RWA protocols built on top of Blast. A new L2 with native yield could unlock a new decentralized economy, driven by DeFi—perpetual trading, lending, and DEXs—as well as NFTs and SocialFi: these verticals would depend on a secure, reliable, and low-latency source of financial data and randomness.","This partnership recognizes Pyth Network as the preferred oracle partner of the Blast ecosystem. Pyth Entropy is designed to be the fastest source of decentralized randomness, and as such, is positioned to power the Blast Layer 2 economy and support its NFT ecosystem. Pyth Price Feeds are the lowest-latency and most available price feeds for smart contract developers, covering over 400 real-time data feeds across five major asset classes. Access to high-resolution and wide-ranging price data is paramount for building sophisticated DeFi primitives.","“We’re proud to partner with Pyth Network, an oracle for financial market data, and now, on-chain random numbers,” said Pacman, core contributor at Blast. “Pyth Data will allow us to leverage the full potential of Blast’s native yield and rewards system, and enable users and developers to use and build cutting-edge Web3-native services on Blast.”","Pyth Entropy and Pyth Price Feeds are available to smart contract developers on the Blast testnet environment. This blog post delves into how Pyth Entropy and Pyth Price Feeds work on Blast and provides resources for developers looking to experiment with a faster way to securely generate random numbers on-chain.","On-chain random number generation is critical for a variety of decentralized use cases that rely on random outcomes. A random number solution can dictate outcomes for creative initiatives such as NFT creation and distribution, predictive markets and betting, and Web3 gaming. The role of on-chain randomness can even extend to enhancing data encryption techniques and facilitating unbiased voting mechanisms in decentralized governance.","Pyth Entropy's integration into the Blast ecosystem will enhance its capabilities for supporting a multitude of Web3 verticals, such as NFT initiatives, prediction markets, and SocialFi. For example, a secure source of on-chain randomness ensures fairness for NFT drops and randomizing attribute assignments. For predictive markets, ensuring unpredictable outcomes and protocol liveness are imperative for delivering a superior user experience. In the SocialFi realm, content rewards and governance initiatives can depend on an optimized and low-latency source of randomness.","Blast's integration of Pyth Price Feeds and Pyth Benchmarks marks a pivotal moment for its DeFi ecosystem. Pyth Network offers an expansive suite of over 400 real-time price feeds across digital assets, foreign exchange pairs, commodities, equities, and ETFs. Developers on Blast’s testnet environment can permissionlessly access any of these data feeds to power their smart contract applications and build out the next generation of blockchain-enhanced financial services.","Pyth Price Feeds offer an innovative low-latency pull oracle design. This architecture enables Blast users and developers to benefit from continual access to the latest price updates. Low-latency and high-resolution price data are critical for accurate trades and settlement. Pyth Price Feeds also offer a confidence interval measure to indicate volatility and divergences across different markets. This supplementary real-time data can better inform lending and derivative protocols about unusual market events to keep users and funds safe.","\"We're excited to have Pyth Price Feeds and Pyth Entropy integrated on Blast's fast, secure, and innovative Layer 2 platform,” said Marc Tillement, Director at the Pyth Data Association. “With real-time market data and reliable random number generation, Blast users will benefit from enhanced DeFi experiences.”","Blast is a new Ethereum Layer 2 blockchain and the first L2 offering native yield for ETH and stablecoins along with faster and cheaper transactions for users. Blast leverages Ethereum’s Shanghai upgrade for features like auto-rebasing for ETH and a T-Bill yield for stablecoins through USDB (Blast USD). Depositors can currently earn BLAST points alongside their yields.","Blast is backed by Paradigm, Standard Crypto, and eGirl Capital. To learn more, please visit their website and developers page.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains securely and transparently.","Pyth incentivizes some of the world’s largest institutional market participants — exchanges, market makers, and financial services providers — to share their data to the network. Pyth aggregates this data on-chain for smart contract applications to use. These applications can pull Pyth prices on-chain when needed.","In less than a year, the network secured more than $2.0B in total value. Pyth currently supports 400+ real-time price feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $100B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","We invite readers and developers to explore the resources below to get started with Pyth Data. If you have any questions, please reach out.","You can find the full catalog of Pyth Price Feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-and-entropy-launch-on-blast-testnet"},"/blog/lumoz-and-pyth-launch-low-latency-price-feeds-now-live-on-zkfair":{"version":1,"title":"Lumoz and Pyth Launch Low-Latency Price Feeds Now Live on zkFair - Blog - Pyth Network","description":"Pyth Network fuels zkFair, a new ZK-Rollup, with 400+ permissionless price feeds. Decentralized data for DeFi innovation on Polygon.","keywords":"","h1":["Lumoz and Pyth Launch Low-Latency Price Feeds Now Live on zkFair"],"h2":[],"h3":["zkFair","Lumoz","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network fuels zkFair, a new ZK-Rollup, with 400+ permissionless price feeds. Decentralized data for DeFi innovation on Polygon.","Blockchains","Jan 17, 2024","Providing fair access to market data to everyone has been the layer on which the Pyth Network was built. Today, we’re bringing price feeds to zkFair, the first community ZK-Rollup based on Polygon CDK and Celestia DA, all managed by Lumoz, a decentralized ZK-RaaS network featuring ZKP mining.","This partnership will make the 400+ Pyth Price Feeds available—permissionlessly—to all developers building the future of finance on zkFair. Part of this deployment and this deeper partnership, zkFair has committed to share a part (25%) of the fees collected by the sequencer to the Pyth Data Association.","“The Pyth Data Association is excited to establish a sustainable system where Pyth's data services are made available to the zkFair community and where Pyth and zkFair are aligned on expanding developer activity for the long term,” commented Marc Tillement, Director, Pyth Data Association.","ZKFair is the first community ZK-L2 based on Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider. ZKFair utilizes stablecoin USDC as the gas token. ZKFair ensures 100% EVM compatibility, exceptional performance, minimal fees, and robust security.","To learn more about zkFair, please visit their website.","Lumoz is a decentralized ZK-RaaS (ZK-Rollup as a Service) platform as well as a PoW (Proof of Work) network that facilitates ZKP (Zero-Knowledge Proof) mining. It employs a hybrid consensus mechanism combining PoS and PoW. This platform offers a unique feature for Web3 developers, namely, the ability to generate zkEVM application chains with a single click. The multitude of ZK-Rollups brings about a substantial need for computational power, creating a beneficial mining environment for global miners.","To learn more about Lumoz, please visit their website.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains securely and transparently.","Pyth incentivizes some of the world’s largest institutional market participants — exchanges, market makers, and financial services providers — to share their data to the network. Pyth aggregates this data on-chain for smart contract applications to use. These applications can pull Pyth prices on-chain when needed.","In less than a year, the network secured more than $2.0B in total value. Pyth currently supports 400+ real-time price feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $100B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","We invite readers and developers to explore the resources below to get started with Pyth Data. If you have any questions, please reach out.","You can find the full catalog of Pyth Price Feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/lumoz-and-pyth-launch-low-latency-price-feeds-now-live-on-zkfair"},"/blog/it-doesnt-have-to-be-a-dark-forest":{"version":1,"title":"It Doesn’t Have to be a Dark Forest… - Blog - Pyth Network","description":"Understanding MEV: This series introduces a new framework for analyzing Maximal Extractable Value in blockchains, exploring mitigation strategies.","keywords":"","h1":["It Doesn’t Have to be a Dark Forest…"],"h2":[],"h3":["A Taxonomy of MEV","1A: Independent of Oracles, On-Chain State Change","1B: Independent of Oracles, External State Change","2A: Dependent on Oracles, On-Chain State Change","2B: Dependent on Oracles, External State Change","Coda"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Understanding MEV: This series introduces a new framework for analyzing Maximal Extractable Value in blockchains, exploring mitigation strategies.","Research","Jan 16, 2024","Note: This article is authored and contributed by members of Douro Labs. This is the first in a series of articles that discusses MEV. This series will introduce a new formalism with which to understand MEV before covering existing methods to mitigate MEV. Later articles in the series will introduce improvements to protocol design that can help recapture MEV.","Blockchains often feature profitable and short-lived opportunities. Multiple parties may seek to monetize such an opportunity, in order to capture its value. MEV arises from the fact that most blockchains’ transactions are ordered by their miners (a.k.a. validators, sequencers, etc.), who can thereby control who is ordered preferentially to capture the opportunity.","The power that miners have over this ordering across basically all blockchain ecosystems has led to the dogma that MEV is inevitable and cannot be eliminated but rather only contained in terms of its harmful side effects.","However, MEV is not mysterious or inevitable. Rather, it is the direct consequence of divergences between on-chain state and external (off-chain) state. On-chain state refers to the state of protocols on the blockchain (e.g. the number of tokens in an AMM pool). Off-chain state refers to the state of the external world that is not natively on the blockchain (e.g. the trading activity of a symbol on Binance).","When protocol state and external state disagree, bringing them back into alignment can be profitable. When the price of a token moves up (down) on centralized exchanges (CEXs), traders can profit from buying low (selling high) on AMMs. Similarly, when token prices on CEXs change significantly, liquidators can profit off of the liquidation bonuses that lending protocols provide to incentivize liquidation. Because these actions have guaranteed profit, they are hotly contested by many searchers, leading them to be bid up at the priority gas auction (PGA) at the miner level.","The MEV in these cases originates from miners accruing value from incentives baked into protocol design to bring on-chain and external state into sync. It can thus be seen as a value transfer from protocols to miners. This is in spite of the fact that miners are inherently providing very little service to the protocols and the ecosystem to bring the states back in sync: they are not the players taking any risk to perform these important actions but rather the beneficiaries of the rudimentary transaction ordering flow baked into the design of most blockchains.","We can distinguish between two types of protocols: those that operate independent of external state, and those that are dependent on external state. To be more precise, there are protocols for which the action set is independent of external state, and protocols whose action set is constrained by external state:","A vanilla constant-product AMM (e.g. Uniswap v2) operates independently of external state: whether a user is allowed to take an action on the AMM depends only on the state of the AMM, and not on external information like prices on centralized exchanges.","A lending protocol relies on external state in the form of centralized exchange prices for determining users’ available actions: a user can only take actions that preserve over-collateralization. Lending protocols typically rely on oracles to ferry external state like CEX prices onto the blockchain.","(Note that in reality, no blockchain protocol is actually constrained by truly off-chain state. The protocols constrained by external state that we discuss are generally actually constrained by on-chain oracle state. However, oracle state is a special form of on-chain state that reflects external state, and the dynamics of oracle state changes therefore differ from those of other types of state changes. For these reasons, we make the distinction between protocols whose action set is independent of oracles and protocols whose action set is dependent on oracles.)","For each of these types of protocols, there are two ways that protocol state and external state can come to differ from an initial position of agreement. Either protocol state can deviate from external state due to an on-chain state change, or external state can change. Thus, there are four classes of deviations to consider in terms of how they create MEV:","Protocols that are independent of oracles","On-chain state changes","External state changes","Protocols that are dependent on oracles","In cases 2A and 2B, an oracle serves to bridge the external state necessary to inform allowable protocol actions. In cases 1A and 1B, no oracle is needed. The differences among these cases are important. They dictate how MEV is currently captured and how it can be disintermediated and recaptured by different parties.","Below, we dive into each of the cases.","In this case, the transactor who makes the on-chain state change generates a profit opportunity for searchers to match on-chain state back to external state. When the action of matching on-chain state back to external state is permissionless (i.e. anyone can perform that transaction), the competition to carry out that transaction leads searchers to bid up in the PGA, creating MEV that flows to the miners.","An example of this is a whale trader on an AMM pushing the implied price on the AMM significantly away from the prices on centralized exchanges, thereby generating an arbitrage trade opportunity.","Because the transactor of the initial on-chain state change generates the profit opportunity, they have some power to determine who transacts after them. For example, they could run an auction amongst searchers and bundle the highest bidder(s) with their state change in exchange for payment; this type of generalized order flow auction (OFA) is what MEV Share actualizes. Thus, the transactor of the initial on-chain state change has greater hierarchy to determine who carries out the profitable transaction than the miners and can in theory disintermediate the miners (i.e. validators, block builders, members of the block building and proposing stack) from monetization.","However, above even the creator of the opportunity in this hierarchy is the protocol. The protocol can gate who gets to act on certain opportunities by means of changes to protocol logic: for example, the protocol can dictate that under certain conditions of protocol state, only permissioned actors can transact. The generalized extension of this is an OFA run at the protocol level: under this model, the protocol would determine the ordering of some or all transactions interacting with it in a block. As the existence of MEV clearly indicates, whosoever dictates the ordering of transactions commands the lion’s share of the profit opportunity. In this case, the protocol would replace the miners in monetizing value created by any on-chain state changes away from external state.","Hence, there is a hierarchy of monetization: protocol, transactor, miner.","In this case, the opportunity exists due to a deviation in external state that has yet to be reflected on-chain. Because there is no on-chain trigger required to create the opportunity, it exists free for any searcher/arbitrageur to claim anywhere within the block.","An example of this is the price of an asset moving on centralized exchanges, creating profit opportunities for traders able to complete the arbitrage between CEX and DEX.","The hierarchy mirrors that of 1A, except that there is no on-chain transactor that creates the profit opportunity. Miners currently claim the lion’s share of the profits. The protocol could reclaim some of this value in a similar fashion to that discussed in 1A, by dictating the ordering of some or all of the transactions that interact with it.","In this case, the protocol action space is constrained by external state that is bridged on-chain via an oracle. An opportunity could arise because a transaction causes on-chain state to drift away from external state.","Examples of this are harder to come by naturally than in the other cases, because on-chain state changes away from external state are usually constrained by the rules that govern the protocol action space. For example, lending protocols typically do not allow vault owners to bring their vaults’ collateralization ratios under the minimum required ratio. However, this class of MEV is in theory possible: one can imagine a situation in which a stale oracle state allows one to under-collateralize their vault, which can be liquidated after an oracle update is brought on chain. In this case, an oracle update is needed to capture profit. Thus, this situation resembles 2B—refer to the discussion there as to the hierarchy of profit capture.","Alternatively, an on-chain exploit could drain vaults of some tokens, thereby creating vaults under the minimum collateralization ratio. Here, an oracle update is not needed, and the profit opportunity exists for anyone to capture anywhere in the block. This is similar to 1A and follows the hierarchy discussed there.","In this case, external state changes, and an oracle update ferrying the information of that change is the trigger for a profit opportunity. When the subsequent profitable transaction is permissionless, searchers/arbitrageurs bid up in the PGA to be bundled with the oracle update, causing value to flow to the miners.","An example of this is the price of an asset moving on centralized exchanges and causing a vault on a lending protocol to become under-collateralized and eligible for liquidation. This creates profit opportunities for searchers able to liquidate the vault and complete an arbitrage on CEX or DEX.","The hierarchy here mirrors that of 1A, with the caveat that the trigger transaction is now an oracle update. Thus, whoever performs the oracle update is the initiator of the on-chain state change that enables the profit opportunity. The full hierarchy is thus: protocol, oracle updater, miner.","In this article, we dispel the notion that MEV is enigmatic and inevitable. Our categorization of MEV serves to reflect the different dynamics of MEV depending on how it is triggered. These dynamics suggest ways that MEV can be recaptured by different parties.","The next article in this series will discuss how existing protocol designs deal with MEV leakage.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/it-doesnt-have-to-be-a-dark-forest"},"/blog/new-pyth-data-provider-thala":{"version":1,"title":"New Pyth Data Provider: Thala - Blog - Pyth Network","description":"Pyth Network expands data offerings with Thala, a DeFi protocol on Aptos. Thala's market data fuels price feeds for THL, sthAPT, and MOD.","keywords":"","h1":["New Pyth Data Provider: Thala"],"h2":["Who is Thala?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands data offerings with Thala, a DeFi protocol on Aptos. Thala's market data fuels price feeds for THL, sthAPT, and MOD.","Data Providers","Jan 18, 2024","We are pleased to welcome Thala, a leading DeFi protocol on the Aptos blockchain, to the Pyth Network data provider community.","This partnership involves Thala to contribute its DEX market data for the various crypto assets it supports. Thala market data will further empower the Pyth Network to support price feeds for various Aptos-based tokens like THL, or MOD (Thala decentralized overcollateralized stablecoin).","“Thala is now publishing THL, sthAPT, and MOD feeds to allow these assets to become more robust with deeper liquidity and cross-protocol Aptos-related integrations,\" said Adam Cader, co-founder at Thala Labs. \"We currently secure over $80m in TVL with Pyth price feeds and couldn't be more excited about what comes next!”","“We're excited to see Thala joining the ever-growing network of Pyth data publishers,” said Marc Tillement, Director of the Pyth Data Association. “We are confident that their on-chain capabilities will bolster Pyth network’s ability to further support and add Aptos-related assets including liquid staked tokens. We look forward to continuing building with dedicated teams towards making the Pyth Network the leading financial data marketplace.”","Thala is a decentralized finance (DeFi) protocol native to the Aptos blockchain. The protocol revolves around three key products: Move Dollar, Thala Swap, and Thala LSD. As of today, Thala gathers north of $100M in Total Value Locked (TVL).","Move Dollar or MOD, is an Aptos-native stablecoin used to transact, facilitate, and interact with various other DeFi protocols in the ecosystem while acting as a store of value, a medium of exchange, and a unit of account.","Thala Swap is an automated market maker that enables dynamic pool weightings. The protocol supports weighted pools, stable pools, and liquidity bootstrapping pools. Thala Swap unlocks additional use cases for MOD, and the protocol's ownership of liquidity enables deep, long-term liquidity that can exist largely un-incentivized.","Learn more about Pyth Network","Learn more about Thala","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-thala"},"/blog/dyson-finance-streamlining-market-data-access-with-pyth-price-feeds":{"version":1,"title":"Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds - Blog - Pyth Network","description":"Dyson Finance boosts investment returns with a smart, dual approach, leveraging data for maximized liquidity and fixed premiums.","keywords":"","h1":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds"],"h2":["Accurate Market Data for Dyson Finance","Climbing the DeFi Ranks","Advancing Trading Capabilities with Pyth Price Feeds","Dyson Finance Group Trading Competition"],"h3":[],"h4":["Similar stories"],"h5":["The Best of DeFi and CeFi with C3 | Interview","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Dyson Finance boosts investment returns with a smart, dual approach, leveraging data for maximized liquidity and fixed premiums.","Consumer Highlights","Jan 19, 2024","Dyson Finance revolutionizes the investment landscape by streamlining decision-making and maximizing liquidity returns. Through its innovative dual investment approach, a mechanism akin to structured products, investors have the opportunity to earn substantial fixed premiums in one token or another, tailored to align with market movements. This strategic approach positions Dyson Finance at the forefront of enhancing investor returns.","Learn more about how Dyson Finance integrates Pyth Data and key features:","Pyth Network's pull oracle design significantly simplifies the way platforms like Dyson Finance access essential market data. By utilizing this design, Dyson Finance can efficiently 'pull' the latest market prices from Pyth onto Linea and Polygon zkEVM chains. This functionality is crucial in providing up-to-date and accurate pricing for a wide array of tokens, including BTC, ETH, and over 400 others. Such timely information is vital in enhancing the decision-making process for Dyson Finance investors.","Dyson Finance, which launched on mainnet in the fourth quarter of 2023 on Polygon zkEVM and Linea, has rapidly established itself within both ecosystems.","It quickly became the fastest-growing protocol in these ecosystems in December, entering the top 10 on Polygon zkEVM. Dyson Finance has exceeded $500,000 in total value locked and continues to grow rapidly.","Dyson Finance's trading platform capitalizes on the strengths of Pyth Network's Pull Oracle design, launched in 2022. This design is fundamental in delivering a secure and accurate trading experience for our users, especially during periods of high market volatility. Contrasting with traditional oracles that push price updates on-chain periodically, Dyson Finance's integration with Pyth allows for on-demand price requests. This architecture brings several substantial benefits to DEXs like Dyson Finance:","Reduced Fees: By leveraging Pyth's efficient design, Dyson Finance offers one of the most cost-effective fee structures in the DeFi perpetual trading market.","Enhanced Performance: Pyth's near real-time data enables thorough chart analysis and accurate trading triggers, crucial for our users' trading success.","Robust Security: The high-resolution data from Pyth aligns closely with external market trends, reducing the risk of market manipulations and bolstering overall trading security.","Diverse Asset Offerings: With Pyth's extensive range of assets and quick availability of new price feeds, Dyson Finance can swiftly introduce new markets in cryptocurrencies, forex, and commodities while upholding high standards of quality.","Comprehensive Investment Metrics: Apart from market prices, Dyson Finance also integrates key data like Total Value Locked (TVL), Protocol-Controlled Value (PCV), and Annual Percentage Rate (APR), utilizing both simple calculations and sophisticated models like Black-Scholes-Merton for APR.","The Pyth Pull Oracle design not only elevates the trading experience on Dyson Finance but also reflects our dedication to delivering a dependable, efficient, and intuitive DeFi platform.","As Dyson Finance embarks on new ventures, we invite the Pyth community to participate in the Dyson Finance Group Trading Contest.","In this competition, participants can join one of three teams: the “Dysonauts,” the “Dysonians,” or the “Dysonovae”. Collaborate with team members, develop strategic investment plans, and explore the crypto universe. By participating, you not only contribute to your team's success but also stand a chance to win part of the substantial 100,000 $DYSN prize pool and potentially a Tesla Model Y car.","For more details about the contest, visit here.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Oct 27, 2023","Oct 6, 2023","Sep 21, 2023","Sep 6, 2023","Aug 16, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/dyson-finance-streamlining-market-data-access-with-pyth-price-feeds"},"/blog/new-pyth-data-provider-finazon":{"version":1,"title":"New Pyth Data Provider: Finazon - Blog - Pyth Network","description":"Finazon joins Pyth Network as a market data provider, expanding asset coverage including crypto, FX, and metals for DeFi applications.","keywords":"","h1":["New Pyth Data Provider: Finazon"],"h2":[],"h3":["Who is Finazon?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Finazon joins Pyth Network as a market data provider, expanding asset coverage including crypto, FX, and metals for DeFi applications.","Data Providers","Jan 25, 2024","We are pleased to announce that Finazon, a leading financial data marketplace, has joined the Pyth Network as a market data provider. Finazon will contribute to the network by streaming its market data across a wide variety of assets which are also supported by Pyth, including cryptocurrencies, FX rates, metals, and more. Finazon’s proprietary asset data will bolster the Pyth Network’s price feed coverage for the benefit of downstream DeFi applications securing their operations with Pyth’s reliable oracle data.","\"We recognize the importance of pairing a world-class oracle solution like Pyth with direct access to top-tier data”, said Yury Sokolov, Founder of Finazon. “This aligns perfectly with our vision in the market data industry, which is why we've chosen to collaborate with Pyth.\"","“The Pyth community has built a sophisticated oracle for financial market data, but as the network continues to scale, it is fantastic to see more partnerships with data experts like Finazon. The Finazon proprietary data feeds based on AI-powered algorithms will undoubtedly help make Pyth price feeds stronger, and we at Douro Labs are looking forward to working alongside them on this project.” — Steve Kaminsky, Contributor at Douro Labs.","Finazon is a leading financial data marketplace. It offers providers the opportunity to monetize their data in minutes. Buyers enjoy a wide range of data, from US stocks to exotic currencies.","All data is available via API, WebSocket, and numerous SDKs. Additionally, Finazon provides proprietary custom-made global financial datasets at a cost-effective rate.","Finazon also offers terminal and analytical solutions for investors and researchers to get most of the data by visualizing it.","Learn more about Pyth Network","Learn more about Finazon","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-finazon"},"/blog/where-pyth-is-now-looking-towards-2024":{"version":1,"title":"Where Pyth is Now | Looking Towards 2024 - Blog - Pyth Network","description":"Pyth Network launched in 2023 amid rising data costs and restricted access. It’s tackling challenges for DeFi relying on public financial data.","keywords":"","h1":["Where Pyth is Now | Looking Towards 2024"],"h2":["The State of the Oracle Network","Quick Highlights","Stats For Days, Stats For Years","Final Remarks"],"h3":["The Largest Cross-Chain Airdrop in History","Data-Driven 2023","Pyth Entropy: A Disruptive, New Force","Better Price Feeds","Better Benchmarks","Hermes’ Blessing, Made More Accessible","Heeding the Pythia’s Call","The $100B Trading Volume Milestone","Reinvigorated. Total Value Secured (TVS) Today","Multi-Chain Means More Chains","New Users: Welcome to Pyth","New Price Feeds: Supplying What’s Demanded","New Data Providers: Real Ownership in Web3"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launched in 2023 amid rising data costs and restricted access. It’s tackling challenges for DeFi relying on public financial data.","Updates","Jan 26, 2024","2023 was the year Pyth Network finally reached the starting line.","The timing couldn’t be better. Data is becoming more valuable, but also less freely available. The open internet is shrinking, and public data sets are losing foot traffic to emergent, extractive services such as LLMs. Data that was once openly accessible is now moving behind paywalls.","For the DeFi industry in particular, this trend means that legacy reporter oracles which fetch financial data from public resources have increasingly fewer sources to fetch from each year. A new solution is needed. Enter Pyth Network, a data oracle designed on the first principle of preserving and incentivizing data ownership.","The Pyth Network is a universal data primitive built for the enrichment of smart contact applications on every blockchain. Pyth is fundamentally different than legacy oracles in how it sources and delivers financial data. Instead of extracting data off-chain for delivery to blockchains, the Pyth Network incentivizes creators and owners of valuable market data to directly contribute that data for on-chain applications. This design positions Pyth as the source of truth for financial data at time t(0), or inception. The world’s data is set to flow to the on-chain world through the Pyth oracle.","Since April 2021, the Pyth contributors have been bootstrapping the network to achieve this goal. This early bootstrapping phase included welcoming new data providers, deploying the first batch of DeFi’s first real-time oracle feeds, and finally, deploying a scalable cross-chain pull oracle to power applications across the EVM, Move, and Cosmos ecosystems.","These efforts produced a positive feedback loop between owners of proprietary financial data and on-chain users of this data. Unlocking new markets to DeFi applications attracts more users and volume, which in turn incentivizes more data owners to join the Pyth Network and contribute their prices.","In the final quarter of 2023, the Pyth Network launched its permissionless mainnet. Going forward, on-chain governance will guide the protocol’s development through token holder discussion and decision-making. Governance enables the community to guide the development of the Pyth protocol, from oracle fee structures to rewards distribution to data providers. Governance will be a major focus for the Pyth ecosystem for 2024 and beyond.","This blog post is a summary of Pyth’s accomplishments throughout 2023 and how they will shape the development and ecosystem initiatives of the new year. The themes throughout this article offer a comprehensive guide for the Pyth community in their collective mission towards building a decentralized, sustainable oracle securing the future of global on-chain services.","2023 oversaw the launch of Pyth Network’s permissionless mainnet and token-led governance. This deployment means that the Pythian community now controls the Pyth protocol. The technological layer of Pyth Governance is live: on-chain proposals can be passed with attached executable code to shape the network’s development. Pyth Governance is expected to help determine features such as:","The size of oracle update fees.","The reward distribution mechanism for data providers.","Software updates to the Pyth on-chain programs on any blockchain.","Which price feeds are listed on Pyth and their reference data.","Which data providers are permissioned to contribute data for each feed.","The Pythian community will soon see the deployment of Pyth Governance’s social layer—the social protocol by which proposals are discussed, submitted on-chain, and voted on.","On January 9, 2024, a first draft of the Pyth DAO Constitution—a document defining the social layer by which Pyth Governance will operate—was publicly released for community feedback. Discussions are managed in the official Discord server.","November oversaw the successful launch of the Pyth Network Retrospective Airdrop, which set a record for the most expansive cross-chain airdrop to date.","This initiative spanned over 90K eligible wallets and 200 dApps across 27 blockchains across the EVM, Rust, Cosmos, and Move worlds. The Pyth contributors are united by a vision for decentralized finance and the wider Web3 landscape: to power a seamless cross-chain experience that simplifies the complexities and fragmentation associated with the current blockchain industry.","On December 5, Pyth contributors ran a two-day online conference gathering the Pyth oracle ecosystem, thought leaders, and dApp builders. The theme of this year’s Data-Driven conference focused on the Web3 capital markets and what it will take to secure the world’s financial data on-chain to power a new era of high-throughput DeFi.","Mike Cahill and Jayant Krishnamurthy from Douro Labs kicked off the show with keynotes on the Pyth Network’s journey, product line, and on-chain governance.","Long-time ecosystem partners—including Synthetix, Injective, Movement Labs, Vela Exchange, SynFutures, Composability Labs, Matter Labs, HMX, Backpack, Helius, Gelato Network, and many more—presented their latest developments and newest roadmaps.","Conference-goers could catch exclusive panels with market leaders such as VanEck, OKX, Gate Ventures, Auros, LTP, Flowdesk, Kronos Research, Alphalab Capital, Selini Capital, and Solana Foundation. Some of the Pyth Network’s backers, including Multicoin Capital, Castle Island Ventures, Borderless Capital, Delphi Digital, Bodhi Ventures, and Wintermute, also presented an industry panel of their own.","Recordings of each presentation will be uploaded to a public playlist.","In his Data-Driven 2023 keynote, Jayant Krishnamurthy, CTO of Douro Labs, announced the launch of Pyth Entropy, a secure on-chain random number generation protocol.","On-chain randomness has been one of the most common requests for the Pyth Network, as this service can empower a wide range of Web3 use cases from NFTs to gaming.","Legacy oracle providers first introduced solutions based on VRF (verifiable random function) or secure enclaves. These solutions come with their complications at the cryptography or hardware layer.","Pyth Entropy transforms the landscape by adopting a different approach. Entropy uses a two-party commit-reveal protocol, a well-known protocol in the cryptography space for generating a random number. The advantages include low latencies and ease of integration. The Entropy solution is live today on several test networks.","In Q4 2023, the Pyth contributors released a set of core system improvements to Pyth Price Feeds. These upgrades are based on user feedback and the growing demands of an oracle network serving an ever-growing number of DeFi ecosystems.","Pyth Price Feeds are Faster Than Ever.","The contributors have identified and removed several sources of latency in the oracle protocol. The result is 20% less latency across all Pythnet Price Feeds. Lower latency enables more granular price updates for more secure and accurate on-chain transactions.","Every Pyth Price Feed Supports up to 64 Data Providers.","Pyth Network is home to more than 90 data providers contributing data to different price feeds, depending on which assets they can support. Every Pyth Price Feed sources its data from multiple providers to ensure continuous uptime and an accurate output. Previously, a price feed could source data from a maximum of 32 data providers. In the scheme of oracles, this is already a significant threshold.","The data provider threshold per price feed has now been raised from 32 to 64. Raising this threshold greatly increases the reliability and security of Pyth Price Feeds. More providers further reinforces price feed liveness and the difficulty of collusion among ecosystem actors.","It’s Time for On-chain Market Hours.","One of the biggest advantages of Pyth Network over other oracles is that Pyth Price Feeds offer live access to traditional and real-world asset prices such as US equities.","In the TradFi or Web2 worlds, however, assets do not trade 24/7 like crypto. Traditional assets trade at specific market hours. There are hours when these assets are not active and there is no pricing. This idiosyncrasy of the traditional finance system has been a source of tension for users of Pyth’s traditional asset feeds. These developers had to build separate systems for tracking when external markets were online or offline.","Pyth Network now supports on-chain market hours for all price feeds. Smart contracts can now read on-chain when a price feed is supposed to be online and incorporate that logic, mitigating friction for builders looking to support real-world assets.","A Better Testnet for All.","In response to feedback from the developer community, Pyth testnet underwent additional upgrades. Mainnet Pyth Data is now available on all supported testnet environments. Smart contract developers can access the same price data for testing as they would find on mainnet. This improvement facilitates a smoother QA and stress-testing process for builders.","Pyth Benchmarks allows users to query asset prices from specific dates and times. Benchmarks offer an important service for fetching standardized historical prices for digital and traditional assets—a service that is novel for Web3, though a foundational component of the global financial system.","The Pyth contributors have released two core improvements to Pyth Benchmarks:","Pyth, But Prettier: Charting Library Integration.","A new streamlined integration for Charting Library support for Pyth Benchmarks is now available. An Instagram-worthy glow-up with customized, multi-colored candle charts awaits users of Pyth Data.","Charting Library is a software library created by TradingView that makes it easy for developers to create custom-skinned or colored candle charts. The integration of Charting Library with Pyth Data was cumbersome in the past. This new integration abstracts away the initial complexities to just a few lines of code. Smart contract developers can tap into the Pyth Benchmarks API endpoints and visualize them with their brand aesthetics!","Provably Unique Price Updates.","Decentralized options vaults, structured products platforms, and perpetual futures protocols often integrate with Pyth Benchmarks for on-chain settlement and to prevent front- and back-running by backfilling prices to historical timestamps.","Pyth Benchmarks allows users to retrieve a provably unique price for any timestamp. A data user can more easily query the HTTP endpoint to obtain a signed price payload for a specified time. That signed price payload is provably the unique one for that time.","Every Pyth price payload spans an interval of a start timestamp and an end timestamp. That interval is within the signed price payload and partitions the timeline into non-overlapping segments.","Intervals in the signed price payload can be confirmed. This check proves that one has a unique price for that time.","Unique price payloads are designed to improve the building of on-chain settlement-type applications, which need this type of verification service.","Hermes is a web service that packages the data generated on the Pythnet appchain with Wormhole signatures for easy consumption by downstream protocols.","While Hermes is a permissionless service that can be run by anyone, hosting this service is operationally challenging. The Pyth Data Association currently provides a public version of this service, but there is room for additional resilience.","Triton One and P2P are now offering their own hosted permissionless Hermes offerings. Access is a simple as doing so with an RPC node on your native blockchain.","The following KPI metrics are helpful for visualizing the Pyth ecosystem’s transformation throughout 2023. These key stats capture the network’s year-on-year growth, growth in market share, and current mind share.","Pyth introduces a significant architectural improvement over legacy oracles. Instead of running a Push Oracle and requiring subsidies for gas fees to continuously push price updates on-chain, Pyth operates a Pull Oracle design which empowers protocols to request or pull price updates only when needed.","The gas efficiency of this architecture means lower latency, higher-frequency, and higher resolution price data for DeFi users. These benefits give rise to more secure and precise DeFi operations. Additionally, the Pyth oracle can scale to accommodate any number of blockchains and new Pyth Price Feeds are immediately available on all supported chains.","Every time an application or ecosystem participant calls (pulls) a price update from Pyth, they pays a small fee to the Pyth protocol.*","Daily average updates refer to oracle price updates that are requested from Pythnet and brought cross-chain via Wormhole. December 2023 saw daily average updates (DAUs) peak at 4.0M paid-for updates. DAUs correspond directly with active DeFi usage, as protocols pull prices on-chain to settle transactions and value real-time trades.","December was an especially active year in on-chain trading, as evidenced by a significant spike in trading volume secured by Pyth Data. December saw monthly secured volume spike to $22.7B, bringing the cumulative volume supported t $120B by year end.","Volume secured is most indicative of Pyth Price Feeds usage by perpetual futures protocols, given their prominence in the DeFi industry and rapid multi-chain proliferation throughout 2023.","The Total Value Secured (TVS) metric, or oracle-secured Total Value Locked (TVL), underscores the past cycle of locked value waxing once again, this time in tandem with an explosion of adoption across new L1 and L2 blockchains.","We can use TVS as a rough proxy for market share for any chain since the metric is the oracle-powered subset of DeFi value for that blockchain. A closer look at the TVS across different chains highlights Pyth's dominance, especially in newer alternative chains in EVM and Cosmos focused on high-throughput financial activity.","By December, Pyth comprised more than 90% of the TVS for 10 blockchains including Injective, Osmosis, Aptos, Sui, Sei, and Stacks. Pyth represents more than half the market share for 16 chains, including zkSync, TON, and WEMIX.","The Pyth Network currently supports more than 45 blockchains. The aim is to bring the world’s financial data to wherever smart contract developers are building.","It is becoming increasingly difficult to use DeFi without interacting with Pyth Data. According to DefiLlama, one out of four dApps are #PoweredByPyth.","The dApp count graph below offers a conservative count of the number of applications integrated with Pyth Data. In the ethos of Web3, Pyth Price Feeds and Pyth Benchmarks are permissionless: integration can be done without speaking to the sales team or signing an agreement.","Past quarterly wrap-up blogs included a summary list of all new integration partners. For the sake of space, we are foregoing this tradition. You can find granular updates in the December Updates post.","One of the most powerful benefits of the Pyth Pull Oracle is the universal availability of any Pyth Price Feed on all supported chains.","For instance, a developer team on Arbitrum may want to expand their protocol to Base. On Base, that protocol can tap into the same set of Pyth Price Feeds to offer the same markets their users know and love. DeFi participants do not have to wait for new Pyth data feeds to deploy individually on their native chain. The rapid scalability enabled by Pyth Data paves the way for a more unified and multi-chain Web3 experience.","The network now supports over 400 price feeds across cryptocurrencies, foreign exchange pairs, metals, US equities, and exchange-traded funds. Later on, listing of new feeds will become a community-governed matter.","The Pyth Network would not be possible without the contributions of its community of institutional and decentralized data providers. These publishers are active participants in price discovery; whether they are liquidity venues or trading participant, their daily operations lead to the creation of valuable, timely, and granular price data.","More data providers means more price feed and asset class coverage by Pyth. More coverage means support for new markets on DeFi platforms, which encourages greater usage and demand for Pyth Data. This demand feeds back into the attractiveness of the Pyth Network as a decentralized marketplace for owners of proprietary price data. Discussion of on-chain reward flow is another important matter under the scope of Pyth Governance.","2023 was the final proving grounds for the Pyth Network. In its mission to bring all valuable data on-chain, Pyth seeks to address the most common pain points for blockchain developers.","By specializing in first-party providers—original sources of data—the Pyth oracle provides high-resolution prices that track markets more accurately than competing solutions. Attributing to the Pull Oracle architecture, Pyth can support thousands of real-time asset feeds for smart contracts on any number of chains. Slow, inaccurate, and fragmented price feeds have made way for a high-frequency, high-fidelity, and universally accessible oracle solution.","While the Pyth Network’s goal remains unchanged this year, 2024 will be a chapter defined by community-led decision-making.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more here.","*Due to legacy development, Pyth prices are independently pushed to Solana mainnet-beta. Pull deployment on Solana is in development.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-pyth-is-now-looking-towards-2024"},"/blog/beyond-the-dark-forest-experiments-in-mitigating-mev":{"version":1,"title":"Beyond the Dark Forest: Experiments in Mitigating MEV - Blog - Pyth Network","description":"Understanding MEV: This series explores its origins and how to combat it. New methods & protocol design will be introduced to recapture MEV.","keywords":"","h1":["Beyond the Dark Forest: Experiments in Mitigating MEV"],"h2":["Existing MEV Mitigation Techniques","Coda"],"h3":["Liquidations","AMM Trading"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Understanding MEV: This series explores its origins and how to combat it. New methods & protocol design will be introduced to recapture MEV.","Research","Jan 23, 2024","Note: This article is authored and contributed by members of Douro Labs. This is the second in a series of articles that discusses MEV. This series will introduce a new formalism with which to understand MEV before covering existing methods to mitigate MEV. Later articles in the series will introduce improvements to protocol design that can help recapture MEV.","In the previous article in this series, we discussed how MEV is not inevitable or impenetrable. Instead, it derives from divergences between on-chain state and external state. Bringing these states back into agreement can be profitable, and the value of these opportunities flows to the miners who control which parties get to transact.","We then provided a taxonomy of MEV into 4 categories as seen below. The differences across these categories inform how MEV currently flows to miners—and how it can be recaptured by the protocols that generate the divergences between on-chain and external states.","On-chain state change","External state change","Independent of oracles","1A","1B","Dependent on oracles","2A","2B","From a protocol’s perspective, monetizing these different forms of MEV is equivalent to lowering its own cost of matching its on-chain state with external state. In particular, these forms of MEV benefit miners while harming passive stakeholders in the protocol like LPs. If a protocol is able to claim more of these forms of MEV, it can redistribute the profit currently claimed by miners toward its passive stakeholders and therefore makes itself more competitive and compelling to passive stakeholders (LPs, protocol token holders, etc.).","A fundamental similarity of all of the four classes above is that protocols have the ability to reclaim each form of MEV ahead of the miners and on-chain transactors. Value comes from having the sole permission to transact on—or to order the transactions on—a set of opportunities; as soon as there is more than a single entity with this ability, all profits will be competed away at the PGA level. A singular permissioned entity can capture all the opportunities or auction off rights to transact to others, thereby capturing the value.","In the status quo, profit opportunities are converted into MEV because miners control the ordering of transactions within the block. Protocols could instead reclaim this revenue by effectively exercising control over the ordering of transactions related to the opportunities they create.","Not all protocol designs have naively surrendered MEV to miners. In the decade of smart contract protocols, various designs have sought to recapture some of the value by means of different techniques.","Protocols that feature collateralized loans, such as lending, money markets, stablecoins, and perpetual protocols, see most of their MEV leak to miners in liquidation opportunities.","One MEV mitigation technique has been developing more intelligent liquidation mechanisms that allow a protocol to limit how much value they pay out according to the market appetite amongst searchers for liquidation bonuses.","For example, some protocols use a Dutch auction to determine the liquidation bonus payout: instead of a PGA bidding war within a single block, the liquidation opportunity is auctioned over multiple blocks. In the first block that the opportunity is present, the liquidation bonus will be relatively low, and with each subsequent block, the incentive will grow. At the first block where the liquidation bonus is equal to or greater than the value at which at least one searcher would willingly liquidate, that searcher will trigger the liquidation.","This allows the protocol to conduct much better price discovery on the liquidation opportunity, making it cheaper for the protocol in most cases and allowing the protocol to discover the necessary bonus in those cases where the standard flat percentage bonus is insufficient to incentivize searchers. It also disintermediates miners’ control on the ordering in most cases, which generally protects protocol value from flowing to the miners.","Despite these nice properties of the Dutch auction, there are clear tradeoffs. For one, the Dutch auction takes time to run. Instead of resolving within the same block as when the liquidation opportunity appears, the auction now could take many blocks to resolve. This could be dangerous when prices are especially volatile or an asset’s value is deteriorating rapidly, as it could cause bad debt to appear before the auction reaches the necessary price level to incentivize searchers to clear the collateral.","To handle this, the protocol can parameterize its Dutch auction value function (with respect to time/block) to reflect its risk tolerance. By adopting a steeper value function, the protocol can achieve faster resolution on its auctions. However, due to the discretized nature of blocktime, a steeper auction also entails less granular price discovery and thus more expected deadweight loss. Moreover, appropriately parameterizing a Dutch auction for different tokens and vault types is a nontrivial exercise and introduces a new source of complexity into the protocol design. Relatedly, integrating into a Dutch auction mechanism requires bespoke integration work by searchers, which reduces the “searcher liquidity” available to clear positions for the protocol and thereby increases the risks that the protocol faces.","Another MEV mitigation technique adopted by many perps protocols is to run a centralized liquidator, often with permissioning to prevent PGAs from leaking value to miners. Because there is no competition to perform the liquidation, the centralized keeper can liquidate without transferring to the miner any more than what is required for block inclusion.","However, there are obvious disadvantages related to centralization, including continual maintenance work on the protocol’s part to keep its clearing operations functional and cost-effective and the dangers of keeper downtime, custody responsibilities, and rapid price movements. Some protocols choose not to run a centralized keeper but instead to transfer risk immediately upon liquidation to their LPs (e.g. concentrating a liquidated vault’s position in the debt pool across LPs). This is just a tradeoff between LP value and risk: while the protocol and its LPs will not leak value every liquidation, they take on a risk that LPs usually aim to avoid.","DEXs feature MEV most prominently in the form of CEX-DEX arbitrage and impermanent loss. When the external exchange price differs significantly from the on-chain DEX price, arbitrageurs can lock in a profit by making a trade in one direction on the DEX and a trade in the opposite direction on the external exchange.","One mitigation measure that protocols have taken is to develop an oracle-based AMM (oAMM), which uses oracle prices to determine the prices at which trades will occur. While this conceptually solves for the issue of impermanent loss, it creates a new dependency on an external oracle and in particular requires that oracle to be always up-to-date with external exchanges. Furthermore, oAMMs are constrained in terms of their size, as they are by definition lagging exchanges relative to the primary price discovery venues whose trades inform the oracle prices. If an oAMM were to grow too large, it could be manipulatable by traders moving the price on external exchanges, thereby shifting the oracle price and creating a profit opportunity on the oAMM.","Even outside of these issues, an oAMM does not universally solve for MEV; if a particular oracle update creates a profitable trade opportunity, the competition for that trade can result in a PGA that leaks most of the value to the miners.","Another interesting proposal comes from the CowSwap team in the form of the “MEV capturing AMM (McAMM)”. The original forum post proposes an AMM where the right to trade first is auctioned off at a low frequency. Since much large DEX MEV is of the form of 1B, with a large external price movement causing arbitrage opportunities at the top of the block, auctioning off the right to transact first to the highest bidder serves to recapture most of that MEV, given a competitive auction.","While a creative solution to top-of-the-block DEX MEV, this does not dis-intermediate miners’ control on the rest of the ordering after the first trade (i.e. MEV of form 1A). Moreover, low-frequency auctions suffer from uncertainty around ex-ante bidding and the size of the realizable opportunity. This uncertainty is likely to lead to lower bids (relative to higher-frequency auctions), causing deadweight loss for the protocol and LPs (especially in times of greatest volatility and MEV recapture potential). Finally, enforcing a bespoke set of ordering rules at the protocol level can lead to issues with DOSing by the permissioned first trader and unintentional failure, blockspace congestion, and uncertain transaction landing for other users. This introduces a new set of complexities to deal with and more painful UX.","The aforementioned MEV mitigation techniques have been tried in the wild in different forms, and they have found varying degrees of success. Ongoing experiments in optimal protocol design point to the fact that protocols realize that much of MEV is an unnecessary value transfer from their LPs to miners.","However, the fact that the status quo continues to feature relatively simple protocol designs suggests that the existing mitigation techniques introduce too much complexity or are too ineffective to efficiently recapture value. This complexity is often on the protocol side, but it also spills over into searcher integration pain. As a result, many of the most popular protocols continue to champion simple and straightforward designs that leak MEV to miners.","What is needed is a solution that recaptures value efficiently without adding much complexity to protocols and searchers. Put another way, the right solution would mitigate much of the pain for protocols and searchers by concentrating the complexity in layers of the system that can be shared across protocols and searchers.","In the following articles in this series, we will discuss one such solution that provides effective value recapture by creating a standardized interface and modular implementation layers that protocols and searchers can easily plug into. The next article in the series will discuss liquidations as a worthy target of value recapture.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/beyond-the-dark-forest-experiments-in-mitigating-mev"},"/blog/pyth-price-feeds-launch-on-filecoin-vm":{"version":1,"title":"Pyth Price Feeds Launch on Filecoin VM - Blog - Pyth Network","description":"Pyth Price Feeds now on Filecoin VM unlock global data access for smart contracts, empowering Web2 & Web3 development.","keywords":"","h1":["Pyth Price Feeds Launch on Filecoin VM"],"h2":[],"h3":["Filecoin","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now on Filecoin VM unlock global data access for smart contracts, empowering Web2 & Web3 development.","Events","Jan 30, 2024","Today marks the launch of Pyth Price Feeds on Filecoin VM, a runtime environment for smart contracts on the Filecoin network. Filecoin is a decentralized storage network designed to store humanity’s most important information.","This deployment is dedicated to unlocking data for global Web2 and Web3 participants. Over 400 real-time market data feeds are now permissionlessly available to smart contract developers on the Filecoin peer-to-peer network.","\"This collaboration between the Pyth Network and Filecoin Ecosystem underscores a joint commitment to enabling robust markets in the Filecoin economy. The launch of Pyth Price Feeds is a critical pillar to enabling the DeFi ecosystem on the FVM to accelerate in 2024.” — Jonathan Victor, Co-Founder at Ansa Research","Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored them correctly over time.","Anyone who wants to store their files or get paid for storing other users’ files can join Filecoin. Available storage, and the price of that storage, are not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in. To learn more about Filecoin, please visit their website.","The Pyth Network is a first-party data oracle network specializing in publishing low-latency financial data to blockchains transparently and securely.","The Pyth protocol accomplishes this mission by incentivizing the world’s largest institutional market participants — exchanges, market makers, and trading firms — to contribute their proprietary data to the network. Pyth aggregates their data on-chain for downstream use on smart contract applications. Smart contracts can pull Pyth price updates on-demand.","In less than a year, the network secured over $2.0B in value. Pyth currently supports 400+ real-time price feeds across cryptocurrencies, equities, ETF’s, FX, and commodities. The network has facilitated more than $100B in trading volume across more than 50 blockchains.","For more information about Pyth, please visit the website or documentation.","We invite developers to explore the resources below and get started with Pyth Data. If you have any questions, please reach out.","You can explore the full catalog of Pyth Price Feeds on our website and learn which price feeds are in the pipeline. If you would like to request a new data feed, please reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-filecoin-vm"},"/blog/pyth-price-feeds-launch-on-lightlink-mainnet":{"version":1,"title":"Pyth Price Feeds Launch on LightLink Mainnet - Blog - Pyth Network","description":"Pyth Price Feeds now live on LightLink, offering instant, gasless DeFi transactions via 400+ real-time price feeds for smart contract devs.","keywords":"","h1":["Pyth Price Feeds Launch on LightLink Mainnet"],"h2":[],"h3":["Random Numbers—Soon #PoweredByPyth","Pyth Price Feeds on LightLink","LightLink","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on LightLink, offering instant, gasless DeFi transactions via 400+ real-time price feeds for smart contract devs.","Blockchains","Feb 1, 2024","“And then there was light”. Today, we are excited to unveil the mainnet deployment of Pyth Price Feeds on LightLink, an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions.","Starting today, smart contract developers in the LightLink ecosystem can permissionlessly access over 400 real-time price feeds across major asset classes to power their DeFi applications.","Additionally, builders have already started integrating with Pyth Entropy on testnet during the LightLink APAC Hackathon hosted by Encode. The grand winner of the hackathon was LightLink Roulette, a community-driven app enabling users to win prizes for picking the correct number—all powered by Pyth Entropy.","\"Our mission is to seamlessly integrate millions into the digital economy through user-focused dApps and enterprise partnerships, making blockchain as intuitive and accessible as Web2, without the complexity of gas fees and protocols. We are honored to partner with Pyth Network to unlock gasless use cases for enterprises and builders across the globe.” — Roy Hui, Co-Founder and CEO of LightLink.","On-chain random number generation is critical for a variety of decentralized use cases which rely on random outcomes. Random number solutions help determine unpredictable outcomes for artistic or game-like initiatives such as NFTs, betting markets, and gaming. On-chain RNG even has practical uses in cryptography and decentralized governance.","The future deployment of Pyth Entropy in the LightLink ecosystem will enhance its capabilities across many Web3 verticals, including prediction markets, NFTs, SocialFi, and GameFi. A secure source of randomness, for example, can ensure a fair and truly randomized NFT drop with randomized attributes across all mints. Unpredictable outcomes are also key to supporting on-chain parimutuel markets and Web3 game mechanics like lotteries and mystery boxes.","The launch of Pyth Price Feeds and Benchmarks paves the way for high throughput DeFi capabilities for the LightLink ecosystem. Pyth Network offers a comprehensive catalog of over 400 real-time price feeds across cryptocurrencies, foreign exchange rates, commodities, ETFs, and equities. LightLink developers can freely integrate with any of these data feeds to secure their smart contract operations.","Pyth Price Feeds are built on an innovative pull oracle design which will empower LightLink users to request on-chain price updates from the Pythnet appchain only when needed. In addition, Pyth Price Feeds support a unique feature, confidence intervals, which indicate volatility and market dislocations in the form of a visual price band around the reported aggregate. This additional data point helps downstream protocols better protect their users and funds.","LightLink is an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions. Integrating optimistic rollups with its proprietary stack, LightLink potentially offers a transaction throughput more than 400 times Ethereum's, ensuring unmatched scalability and a streamlined user experience.","LightLink's novel Enterprise Mode enables businesses to operate gas-free, allowing users on their platforms to engage in a secure, user-friendly blockchain network without transaction fees, barriers to entry, or the need for any tokens. LightLink already powers over 25 partnerships, including Grapes and The Red Village, and is being integrated in Translucia, a $300M venture by T&B Media Global and MQDC.","LightLink's mission is to seamlessly integrate millions into the digital economy through user-focused dApps and enterprise partnerships, making blockchain as intuitive and accessible as Web2, without the complexity of gas fees and protocols.","To learn more, please visit LightLink website.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains securely and transparently.","Pyth incentivizes some of the world’s largest market participants — exchanges, market makers, and trading firms — to contribute their data to the network. Pyth aggregates their data on-chain for smart contract applications to use. These protocols can pull Pyth prices on-chain when needed.","In less than a year, Pyth has secured more than $2.0B in total value. Pyth currently supports 400+ real-time price feeds across crypto, equities, ETF’s, FX rates, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchains.","For more information, please visit the documentation and website.","We invite readers to check out the resources below to get started with Pyth. If you have any inquiries, please reach out.","You can find the full list of Pyth Price Feeds on our official website and explore which price feeds are in the pipeline. If you would like to request a new data feed, please let us know in the Discord.","If you are looking for a solution for on-chain random number generation, you can check out the Entropy documentation.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-lightlink-mainnet"},"/blog/new-pyth-data-provider-serablock":{"version":1,"title":"New Pyth Data Provider: SeraBlock - Blog - Pyth Network","description":"Pyth Network expands with SeraBlock as data provider, bolstering crypto price offerings via decentralized oracle technology.","keywords":"","h1":["New Pyth Data Provider: SeraBlock"],"h2":[],"h3":["Who is SeraBlock?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands with SeraBlock as data provider, bolstering crypto price offerings via decentralized oracle technology.","Data Providers","Feb 5, 2024","We are pleased to welcome SeraBlock, a trading company located in Crypto Valley in Switzerland, to the Pyth Network as a data provider. SeraBlock is now contributing its proprietary market data for crypto-assets to support the Pyth oracle’s crypto price offerings.","\"Pyth's groundbreaking speed and decentralized pricing oracle architecture are driving forces in the evolution and expansion of DeFi, establishing it as a foundational component in a diverse array of blockchain ecosystems. As Serablock, we're thrilled to leverage our expertise in market-making and arbitrage trading to price assets for Pyth and collaborate with them.” — Stefan Hanssen, Director at Serablock AG","\"We are thrilled to welcome Serablock as the newest data provider to the Pyth Network. Pyth has expanded to offer over 400 real-time on-chain price feeds, and having capable data providers is crucial for ensuring the network's robustness and security.” — Abhimanyu Bansal, Head of Partnership at Douro Labs","Serablock AG is a trading company located in Crypto Valley in Switzerland. The company has been a market-maker since 2023, focusing on providing liquidity to centralized and decentralized exchanges and executing arbitrage strategies in digital assets.","Learn more about Pyth Network","Learn more about SeraBlock","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-serablock"},"/blog/new-pyth-data-provider-astroport":{"version":1,"title":"New Pyth Data Provider: Astroport - Blog - Pyth Network","description":"Astroport joins Pyth Network, expanding crypto data coverage across Cosmos chains. Enhanced price data strengthens the oracle network for Neutron, Sei, Terra & Injective.","keywords":"","h1":["New Pyth Data Provider: Astroport"],"h2":[],"h3":["Who is Astroport?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Astroport joins Pyth Network, expanding crypto data coverage across Cosmos chains. Enhanced price data strengthens the oracle network for Neutron, Sei, Terra & Injective.","Data Providers","Feb 6, 2024","Today, the Pyth Network data provider community welcomes aboard Astroport, a decentralized, non-custodial exchange live on many Cosmos chains.","This partnership will oversee Astroport contributing its DEX market data across multiple crypto assets to the Pyth Network for publishing to downstream applications. Astroport’s price data will strengthen the Pyth oracle network’s coverage of Cosmos native digital assets, including popular native tokens such as Neutron, Sei, Terra, and Injective.","Astroport is the leading DEX within the Cosmos Hub. It currently gathers over $70M in total value locked (TVL) and has enabled close to $1B in trading volume since the summer of 2023.","Astroport DEX supports three liquidity pool types: Uniswap’s Constant Product formula pools, Curve’s StableSwap Invariant formula pools, and Passive Concentrated Liquidity pools.","Astroport is currently live on 4 blockchains: Terra, Neutron, Sei and Injective.","“We're proud to see Astroport becoming a Pyth data publisher. We are confident that their on-chain capabilities and dedication will bolster Pyth network’s ability to further support and add Cosmos related assets including liquid staked tokens. We look forward to continuing building with dedicated teams towards making the Pyth Network the leading financial data marketplace.” — Marc Tillement, Director of the Pyth Data Association.","Learn more about Pyth Network","Learn more about Astroport","Apply to become a data provider","Meet the Pyth Network's data providers","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-astroport"},"/blog/guide-to-voting-on-pyth-governance":{"version":1,"title":"Guide to Voting on Pyth Governance - Blog - Pyth Network","description":"Pyth Network launches mainnet with on-chain voting, empowering community participation in governance via staking PYTH. Shape the protocol’s future!","keywords":"","h1":["Guide to Voting on Pyth Governance"],"h2":[],"h3":["The Significance of Participation in Pyth Governance","Engaging with Pyth DAO Realms","Proposal Voting Process","Casting Your Vote","Results"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches mainnet with on-chain voting, empowering community participation in governance via staking PYTH. Shape the protocol’s future!","Events","Feb 6, 2024","On November 2023, the Pyth Network launched its permissionless mainnet, paving the way for Pyth Governance and community-led decision-making through on-chain voting.","Your unique perspective is crucial in shaping the trajectory of the Pyth protocol and ecosystem. By staking your PYTH on the official staking program, you can gain on-chain voting power. Your voting rights empower you to help guide the direction of the Pyth Network.","Governance is a fundamental pillar of the Pyth’s future development and ecosystem growth. Community-led governance can drive innovation, lock-in network security, and help align the diverse members of the Pyth Network stakeholder community.","Pyth Governance is expected to be responsible for helping determine:","The size, continuation, and denomination of oracle fees.","On-chain reward structures for data providers.","The price feeds listed and the data providers supporting them.","Your participation and votes are essential for decision-making on these issues.","Community members can interact with Pyth Governance through the Pyth DAO Realms platform. Here, you will find a list of on-chain proposals, organized by recency and status. The Realms interface allows users to easily search, filter, and sort through on-chain proposals.","You can select a proposal to see its details, live vote count, and current status. You can also see and participate in the discussion section.","The voting interface displays your voting status, the current results, and the proposal's voting requirements, such as type, duration, and quorum needed for passage.","An on-chain proposal will be up for voting for a period of seven days starting at the beginning a new epoch (Thursday 00:00 UTC) and ending the following Wednesday at 23:59 UTC.","You will be able to vote at any point during this period.","PYTH Token stakers will be able to participate in a a proposal once it enters the \"Voting\" phase. To start, navigate to the Realms page for the Pyth DAO.","Connect your SPL (Solana) wallet. Find and click the \"Connect Wallet\" button. The pop-up will walk you through selecting your SPL wallet which holds your staked PYTH Tokens","Next, select a proposal from the proposals list to open its details page. In this new page, you can cast your vote to support (Yes) or reject the proposal (No).","At the end of the epoch, a passed proposal will be fully executed and implemented. Any on-chain actions in the implementation plan will execute automatically in this step.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/guide-to-voting-on-pyth-governance"},"/blog/pyth-network-retrospective-airdrop-second-phase":{"version":1,"title":"Pyth Retrospective Airdrop: Phase 2 - Decentralized Apps - Blog - Pyth Network","description":"Pyth Network launches phase 2 airdrop rewarding over 160 DApps using Pyth Data. Developers receive PYTH tokens, furthering Web3 innovation.","keywords":"","h1":["Pyth Retrospective Airdrop: Phase 2 - Decentralized Apps"],"h2":["Pyth Retrospective Airdrop","Who is Eligible?"],"h3":["Safety Notice"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches phase 2 airdrop rewarding over 160 DApps using Pyth Data. Developers receive PYTH tokens, furthering Web3 innovation.","Announcements","Feb 7, 2024","Today marks the launch of the second phase of the Pyth Network Retrospective Airdrop. Over 160 decentralized applications using Pyth Data are eligible to receive PYTH Tokens as part of this airdrop program from November 2023. It is an honor to work closely with so many passionate developers pushing the boundaries of decentralized finance and the Web3 capital markets.","Readers can soon look forward to their favorite #PoweredByPyth applications announcing their receipt of PYTH Governance Tokens and their plans on what they will do with their PYTH Tokens. This blog post will walk through the details of the second phase of the Retrospective Airdrop program.","November 2023 oversaw the launch of the the Pyth Network Retrospective Airdrop, the largest cross-chain airdrop of its kind, covering over 90K eligible wallets across 27 blockchains in its initial phase. As of today, more than 51K users have claimed over 163M PYTH Tokens (65% of the total airdrop).","The first phase of the airdrop program oversaw the distribution of PYTH Tokens to DeFi participants, from EVM to Cosmos, Move to Solana, who interacted with these Pyth-powered applications. Active community members from the Pythian community also received allocations. You can read more about the eligibility requirements in this guide.","This second phase of the airdrop program involves the distribution of PYTH Tokens to more than 160 decentralized applications using Pyth Data. These applications rely on Pyth’s price data to secure their protocol operations, typically for transactions, asset valuation, and on-chain settlement.","The 160+ applications eligible for the second phase of the Retrospective Airdrop program span a number of DeFi use cases, including DEXs, borrow/lending, structured products, stablecoin protocols, and even data analytics and decision intelligence.","The eligible dApps can be found below. Readers can look forward to many of these app teams and founders, if not all of them, announcing their own activities and roadmaps on how they will use their PYTH Token allocations.","Readers are strongly urged to exercise caution and be on the lookout for fraudulent actors. Please always ensure that any websites related to the Pyth Network that you visit have the pyth.network domain. Please also verify that any official Pyth Network social channels you visit are stated in the official community hub. Pyth Network community moderators will never ask you for personal information or message you first.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-retrospective-airdrop-second-phase"},"/blog/pyth-dao-constitution-is-live":{"version":1,"title":"Pyth DAO Constitution is Live - Blog - Pyth Network","description":"Learn about the Pyth Network DAO: New constitution approved, outlining the social layer for Pyth Governance. \n","keywords":"","h1":["Pyth DAO Constitution is Live"],"h2":["What is the Pyth DAO Constitution?","Exploring the Constitution","Pyth Governance and You"],"h3":["The Pyth DAO LLC and You","Pyth DAO Governance Procedures","Council Election Process and Voting Procedures"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Learn about the Pyth Network DAO: New constitution approved, outlining the social layer for Pyth Governance.","Announcements","Feb 13, 2024","Read the Pyth DAO Constitution","Explore the Pyth DAO LLC operating agreement","Prepare for on-chain elections on Realms","Join the conversation in the governance channels in Discord","On February 13, 2024, the Pyth Network community has voted on-chain (627,748,981 for, 873,059 against) to approve the Pyth DAO Constitution (”Constitution”). This Constitution describes the decision-making framework for the Pyth DAO and the governing framework for the holders of the PYTH Governance Token.","This blog post explains the key concepts of this first iteration of the Pyth DAO Constitution, before outlining what the constitution means for the members of the Pyth DAO LLC (”Pyth DAO”).","The Pyth DAO Constitution describes the social contract between DAO members by defining the decision-making framework for the Pyth DAO and the governing framework for holders of the PYTH Token. In other words, the constitution lays out how the various Pyth Network participants may interact for the purposes of community-led decision-making.","A critical component of this decision-making is on-chain voting by Pyth DAO members; Pyth Network community members who stake PYTH Tokens will become a members of the Pyth DAO and gain on-chain voting power from their stake.","Pyth Governance is expected to be responsible for helping determine the following:","The size of (oracle) update fees.","The reward distribution mechanism for data providers.","Approving other software updates to on-chain programs across blockchains.","How products (data feeds) are listed on Pyth and their reference data.","How data providers will be permissioned to provide data for price feeds.","The above list is only a subset of what Pyth Governance is expected to cover. Explore the whitepaper to learn more.","The inaugural version of the Pyth DAO defines important terminology and procedures for conducting Pyth Governance and is stored here.","Key among the concepts covered by the Constitution is the Pyth DAO LLC, an algorithmically-managed non-profit limited liability company.","The Pyth DAO LLC, among other capabilities, enables Pyth DAO members to take part in governance by providing a framework in respect to the rights and duties of PYTH Token holders. Individuals or entities who stake PYTH Tokens in the staking program will become members of the Pyth DAO LLC. Learn more here.","Pyth Improvement Proposals (PIPs) are the primary methods to introduce, discuss, and implement changes to the Pyth DAO Constitution, governance, and the oracle network’s operations.","Ideation and discussion of PIPs are expected to take place within the official governance forum channel in the Pyth Network Discord server. Proposals that are ready for on-chain voting for final approval will be taken to the Pyth Governance platform on Realms.","The Constitution lists the types of PIPs that DAO members can introduce and the process for submitting, voting on, and implementing a PIP.","The Constitution identifies the Pythian Council and Price Feed Council, whose members will be signers of the Pythian Multisig Wallet and Price Feed Multisig Wallet respectively.","The Pythian Multisig Wallet has the power to perform actions delegated to it by the Pyth DAO. The Price Feed Multisig Wallet has the power to perform actions that are delegated to it by the Pyth DAO.","The Constitution defines the number of members per council, the approval threshold for each multisig, and the nomination, election, and term length for all members.","The social layer components outlined in the Constitution also outline the next steps for Pyth DAO, including the election of council members to help steward the oracle network.","Next is the public nomination of candidates for the Pythian Council and Price Feeds Council seats. It is worth noting that candidates may nominate themselves. The Pyth DAO’s members will assess the nominees and their fit for these council positions from their public campaigns. Finally, Pyth DAO members will vote on-chain to decide which nominees become council members.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-dao-constitution-is-live"},"/blog/pyth-price-feeds-launch-on-hedera":{"version":1,"title":"Pyth Price Feeds Launch on Hedera - Blog - Pyth Network","description":"Hedera now offers a full catalog of Pyth Price Feeds, providing developers with secure, real-time data for DeFi applications.","keywords":"","h1":["Pyth Price Feeds Launch on Hedera"],"h2":[],"h3":["Pyth Price Feeds on Hedera","HBAR Foundation","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Hedera now offers a full catalog of Pyth Price Feeds, providing developers with secure, real-time data for DeFi applications.","Blockchains","Feb 26, 2024","The full catalog of Pyth Price Feeds is now available on Hedera, an open-source, public network governed by leading organizations around the world.","This partnership with the HBAR Foundation oversees the launch of more than 400 Pyth Price Feeds on Hedera. Developers on Hedera now have permissionless access to real-time price data to secure their DeFi applications.","“Public oracle price feeds are a critical component for growth as lending is often seen as the crux of economic behavior. This infrastructure is a huge milestone to spur the development of innovative financial instruments on Hedera and we are ecstatic to partner with Pyth not only for the incredible tech but our alignment of a long-term strategic vision.” — Grace Pfluger, HBAR Foundation Director of Business Development","“A sustainable and enterprise-grade network designed to support a decentralized economy will require continuous access to low-latency and highly reliable price data. In this spirit, we’re thrilled for the deployment of Pyth Price Feeds on Hedera and what this core infrastructure will unlock for its builders.” — Marc Tillement, Director at Pyth Data Association","The launch of Price Feeds and Pyth Benchmarks is a major strategic development for Hedera DeFi ecosystem. Pyth Network offers an expansive suite of over 400 ultra low-latency price feeds across cryptocurrencies, foreign exchange, commodities, equities, and ETFs. Developers on Hedera can tap into these price feeds to power their smart contract protocols and decentralized finance applications.","Pyth Price Feeds offers an innovative Pull Oracle design which enables Hedera users and developers to benefit from continual access to the latest price updates. Low-latency prices are paramount for accurate on-chain transactions and settlement. Pyth Price Feeds also provide a confidence interval feature to inform downstream protocols about ongoing volatility and market dislocations. This supplementary data can keep lending protocols and trading platforms safe and informed about extraordinary market conditions.","HLiquity is the first application on Hedera to integrate with Pyth Data. HLiquity is a decentralized borrowing protocol that allows users to draw interest-free loans against HBAR. Loans are designed to be paid out in HCHF (a CHF-pegged stable on-chain currency) and must maintain a minimum collateral ratio of 110%. Thanks to Pyth Price Feeds, HLiquity can actively track the current price of HBAR and CHF to ensure that user vaults and the overall protocol remain over-collateralized","“This partnership with Pyth Network enhances HLiquity on Hedera, offering real-time, reliable data for secure and efficient decentralized borrowing. This collaboration is a leap forward in our mission to deliver transparent and accessible financial services.” — Reto Habegger, COO at Swisscoast.","The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation's six funds—focused on the Crypto Economy, Consumer Engagement, Sustainability, Fintech, Privacy, and Female Founders—each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.","The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world's largest problems and create and control their own economies, all built on the Hedera public network. Whether you're building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains securely and transparently.","Pyth incentivizes some of the world’s largest institutional market participants—exchanges, market makers, and financial services providers—to share their data to the network. Pyth aggregates this data on-chain for smart contract applications to use. These applications can pull Pyth prices on-chain when needed.","In less than a year, the network secured more than $2.0B in total value. Pyth currently supports 400+ real-time price feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $100B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Readers and developers are invited to check out the resources below and to start building with Pyth Data. If you have any inquiries or feedback, please reach out.","You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are next in the pipeline. If you would like to request a new data feed, you can do so in Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear Your feedback! Join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-hedera"},"/blog/supported-asset-classes-by-the-pyth-network":{"version":1,"title":"Exploring Pyth: Supported Asset Classes - Blog - Pyth Network","description":"Financial markets offer diverse assets: currencies, stocks, ETFs, futures & DeFi’s crypto, stablecoins, and NFTs. Explore options.","keywords":"","h1":["Exploring Pyth: Supported Asset Classes"],"h2":["Supporting the Assets that Developers Need","Get Started"],"h3":["Cryptocurrencies","Forex (Foreign Exchange)","Equities","ETFs (Exchange-Traded Funds)","Commodities"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Financial markets offer diverse assets: currencies, stocks, ETFs, futures & DeFi’s crypto, stablecoins, and NFTs. Explore options.","New Products","Feb 20, 2024","In the vast landscape of financial markets, market participants have access to a wide variety of asset classes, each with distinct characteristics.","Traditional financial institutions predominantly offer trading and exposure to assets such as foreign currencies, equities, exchange-traded funds (ETFs), futures, options, and derivatives. The decentralized finance (DeFi) markets share similarities with these instruments but with unique variations: cryptocurrencies, stablecoins, non-fungible tokens (NFTs), perpetual futures, synthetics, and more.","However, there is a significant gap between the offerings of the traditional markets and what is available in decentralized markets. This is true for both individual investors as well as developers building in the Web3 capital markets.","Smart contracts require oracle infrastructure to access financial data and events from the crypto and traditional markets. But many oracle solutions serve mostly cryptocurrencies and digital assets data—sometimes exclusively. This lack of offerings restricts smart contract developers from offering important markets to DeFi users. It is challenging to acquire and consolidate the data needed to support other non-crypto asset classes.","Enter the Pyth Network, a financial oracle designed to seamlessly source data for both traditional and decentralized assets. This capability gives DeFi builders more options in what they can build on-chain, thereby unlocking a new world of trading possibilities for DeFi participants.","To date, Pyth offers over 400 real-time price feeds across these assets across more than 50 blockchains across EVM, Cosmos, Move, and Rust-based chains such as Solana. Pyth Price Feeds update once every 400 milliseconds—more than 200,000 times a day—meaning DeFi applications can get the freshest, most up-to-date price from Pyth. Finally, integration with these price feeds is permissionless. Developers do not need to contact a sales team or sign a paper contract to start building with Pyth Data.","The Pyth Network currently supports five major asset classes for smart contract developers to integrate with when building Web3 applications.","Cryptocurrency or “crypto” is a form of virtual or digital form of currency that relies on cryptography for security and operates within a blockchain network. Cryptocurrencies serve various uses, including digital payments, acting as a store-of-value, and facilitating unique functionalities within decentralized applications.","Cryptocurrencies exist in two primary forms: coins and tokens. A coin is a native digital current that operates on its own blockchain. Examples include Bitcoin (BTC) and Litecoin (LTC), which function on their own independent networks. On the other hand, tokens are digital assets created through smart contracts on existing blockchains. Tokens are built according to standards like Ethereum’s ERC-20, BNB Chain’s BEP-20, or Solana’s SPL.","Despite being a relatively recent innovation, cryptocurrencies present a significant opportunity for global market participants due to their accessibility without the constraints of centralized institutions.","The Pyth oracle offers low-latency price feeds for coins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL). The Pyth catalog also covers tokens such as Uniswap (UNI), Aave (AAVE), Tether (USDT), and USD Coin (USDC).","Forex, short for “foreign exchange”, refers to the global marketplace for exchanging national currencies. This asset class encompasses spot and derivatives for foreign currencies as the underlying including futures, options, forwards, and currency swaps.","Exposure to forex markets allows investors to hedge against international currency and interest rate risks, as well as capitalize on fluctuations in exchange rates. The forex markets are known for their immense size and liquidity: average daily trading volumes exceed $6T and dwarves other major financial markets.","The Pyth Price Feeds cover the G7 (”Group of Seven”) currencies (CAD, EUR, JPY, GBP, USD), emerging market currencies (e.g. BRL, ZAR, MXN), and commodity currencies (e.g. AUD, NZD), safe haven currencies (JPY, CHF), and more.","Equity represents ownership in a corporation or organization, constituting investments made into a company on the stock market, whether through private placements or secondary market transactions.","Equities are pivotal assets for investors, as they typically offer the potential for capital gains and dividends. Capital gains arise when the market value of the equity increases over time, providing an opportunity for profit upon sale. Dividends, on the other hand, are periodic payments made by companies to their shareholders, often derived from the company's profits.","Individual and institutional investors strategically allocate funds to equities within their portfolios, aiming to capitalize on the growth potential of companies and benefit from a share in their financial success.","Pyth is the only oracle that offers real-time access to US equities like Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).","Exchange-traded funds or ETFs represent diversified portfolios of securities that are traded on global stock exchanges through brokerage firms. The global ETF market caters to various investment themes, sectors, geographies, and asset classes.","While these assets are often compared to mutual funds, there is an important distinction: mutual funds are typically transacted at the end of the trading day at the net asset value (NAV), while ETFs can be bought or sold throughout the trading day at market prices.","ETFs have gained widespread recognition and are acknowledged as one of the most versatile asset classes. Their uniqueness lies in the ability to offer expanded exposure and flexibility within investment strategies.","Pyth is also the only oracle that offers real-time access to well-known ETFs such as the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust Series 1 (QQQ).","In finance, commodities refer to standardized, fungible assets designated for trading and clearing. These assets, which can include physical goods like agricultural products, energy resources, and metals, are bought and sold in standardized contracts on various exchanges.","Commodities fall into two main categories: hard commodities like energy and metals, and soft commodities encompassing various agricultural goods.","Hard commodities, such as crude oil and precious metals like gold, play a pivotal role in shaping global economic landscapes. Energy resources fuel various sectors, while metals contribute to industrial processes and investment portfolios alike.","Soft commodities encompass a spectrum of agricultural products, including staples like wheat, corn, and cotton. These goods are integral not only to global food supplies but also serve as commodities subject to market dynamics.","Commodities offer a hedge against inflation, independent movement from equities, and act as safe havens, as exemplified by gold during turbulent financial times.","Pyth supports commodities such as gold (XAU) and silver (XAG). The community can collectively decide through governance to list new commodities through the Pyth oracle.","Unlocking new real-world and digital assets for smart contract developers is paramount for the growth of the decentralized finance industry.","Stay tuned on the official Pyth Network social channels to learn about new data feeds when they launch.","You can also explore the full catalog of Pyth Price Feeds here and even discover which assets are in the pipeline. Integration is seamless and easy. Check out the developer documentation learn more.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/supported-asset-classes-by-the-pyth-network"},"/blog/bitcoin-etf-price-feeds-on-pyth-network":{"version":1,"title":"Bitcoin ETF Price Feeds on Pyth Network - Blog - Pyth Network","description":"Pyth Network launches real-time Bitcoin ETF price feeds, providing DeFi users with credible data for 13 ETFs following recent ETF approvals.","keywords":"","h1":["Bitcoin ETF Price Feeds on Pyth Network"],"h2":["The Importance of Bitcoin ETFs"],"h3":["Pyth Price Feeds for Bitcoin ETFs","Advantages of On-Chain Bitcoin ETF Price Feeds","Additional ETF Price Feeds for Developers","Get Started"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches real-time Bitcoin ETF price feeds, providing DeFi users with credible data for 13 ETFs following recent ETF approvals.","New Products","Feb 20, 2024","The Pyth Network has launched its Bitcoin ETF Price Feeds to make real-time, credible price data for 13 Bitcoin exchange-traded funds accessible to DeFi developers and users.","The approval of Bitcoin ETFs this year was a significant milestone for the crypto community. Bitcoin ETFs open the door for mainstream investors to access the world's largest cryptocurrency without the technical and security challenges of buying and storing actual Bitcoin.","Bitcoin ETFs are expected to serve as a bridge between the crypto world and traditional finance, providing regulated exposure to Bitcoin's price movements for a broad range of market participants. This thematic addition to the Pyth Price Feeds catalog sets the stage for greater on-chain financial innovation and institutional involvement in Web3.","Bitcoin, the very first and pioneering cryptocurrency, has garnered immense attention from retail and institutional investors. With 13 major financial institutions—ARK Invest, BlackRock, VanEck, WisdomTree, Fidelity, Invesco, Franklin, Hashdex, Valkyrie, Grayscale, and Bitwise—being the first to receive approval for Bitcoin ETFs, the significance of these financial instruments cannot be understated.","Developers can now effortlessly integrate Bitcoin ETF price feeds from Pyth Network's extensive offering:","ARKB: ARK 21Shares Bitcoin ETF","BITB: Bitwise Bitcoin ETF Trust","BITS: Global X Blockchain & Bitcoin Strategy ETF","BRRR: Valkyrie Bitcoin Fund","BTCO: Invesco Galaxy Bitcoin ETF","BTCW: WisdomTree Bitcoin Trust","BTF: Valkyrie Bitcoin and Ether Strategy ETF","DEFI: Hashdex Bitcoin ETF","EZBC: Franklin Bitcoin ETF","FBTC: Fidelity Wise Origin Bitcoin Trust","GBTC: Grayscale Bitcoin Trust","HODL: VanEck Bitcoin Trust","IBIT: iShares Bitcoin Trust","Bitcoin ETFs are expected to boost the liquidity, transparency, and efficiency of the Bitcoin market, and lower the barriers to entry. The inclusion of Bitcoin ETFs in DeFi brings forth several advantages:","Portfolio Expansion: By adding Bitcoin ETFs as a supported market, DeFi platforms can offer users increased diversification opportunities beyond just cryptocurrencies and align their platform with traditional finance participants.","Improved Risk Management: Bitcoin ETFs can provide avenues for risk mitigation strategies, enabling users to navigate the inherent volatility associated with cryptocurrencies more effectively.","Enhanced Liquidity: The introduction of Bitcoin ETFs to DeFi platforms can help attract institutional capital on-chain, bolstering liquidity and enhancing overall market efficiency and user experience.","Bridging Traditional and Decentralized Finance: Integrating Bitcoin ETFs can foster a closer and more productive relationship between DeFi and traditional financial markets, facilitating broader adoption and credibility of Web3 financial rails.","Innovative Financial Solutions: Access to Bitcoin ETF price data unlocks new potential for tailored DeFi products catering to individual investors and institutions running sophisticated strategies.","The Pyth Network also supports real-time feeds for a number of other exchange-traded funds, including:","DIA: SPDR Dow Jones Industrial Average ETF Trust","DOW: Dow Jones Industrial Average","EEM: iShares MSCI Emerging Markets ETF","EFA: iShares MSCI EAFE ETF","GLD: SPDR Gold Trust (GLD)","GOVT: iShares U.S. Treasury Bond ETF (GOVT)","HYG: iShares iBoxx $ High Yield Corporate Bond ETF","IVV: iShares Core S&P 500 ETF","IWM: iShares Russell 2000 ETF","MINT: PIMCO Enhanced Short Maturity Active Exchange-Traded Fund","QQQ: Invesco QQQ Trust Series 1","SHV: iShares Short Treasury Bond ETF","SPY: SPDR S&P 500 ETF Trust","TLT: iShares 20 Plus Year Treasury Bond ETF","USFR: WisdomTree Floating Rate Treasury Fund","USO: United States Oil ETF","VOO: Vanguard S&P 500 ETF","The Pyth Network’s full catalog of ETF price feeds are available here. Pyth's innovative pull oracle architecture ensures efficient data retrieval, optimizing operations and cost-effectiveness for on-chain protocols.","For those diving into the Pyth ecosystem, you can explore the official documentation and resources:","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pyth Discord","The integration of Bitcoin ETF price feeds reaffirms Pyth Network's dedication to elevating DeFi's potential. As the Pyth Network broadens its asset offerings—from cryptocurrencies to ETFs and beyond—the Pyth contributors remain committed to equipping the decentralized finance ecosystem with dependable, real-time insights.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/bitcoin-etf-price-feeds-on-pyth-network"},"/blog/governance-is-upon-us-newsletter-48":{"version":1,"title":"Governance is Upon Us | Pyth Newsletter #48 - Blog - Pyth Network","description":"Pyth Network’s biweekly newsletter delivers updates on DeFi, Web3, and the Pyth DAO’s progress, including a retroactive airdrop.","keywords":"","h1":["Governance is Upon Us | Pyth Newsletter #48"],"h2":["What’s New with Pyth","What's New with DeFi","Community Shoutout"],"h3":["Technology and Development","Ecosystems","Stablecoins","Exchanges"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s biweekly newsletter delivers updates on DeFi, Web3, and the Pyth DAO’s progress, including a retroactive airdrop.","Newsletter","Feb 20, 2024","Welcome to the Pythiad, the front page of DeFi and the official newsletter of the Pyth Network. Did you miss us? Biweekly updates on all things Web3 await you.","Pyth Network kicks off the second phase of its Retrospective Airdrop. The first phase targeted users of #PoweredByPyth dApps. This second phase distributes PYTH Tokens to over 160 dApps using Pyth.","On February 13, the Pyth DAO voted to approve the DAO Constitution, which lays out the DAO’s decision-making and governing framework.","To date, there are over 1B PYTH Tokens staked and over 160K stakers. Learn more from Dune.","Pyth has secured over $30B in trading volume in January, a 3x rise from the past quarter, led by Optimism, Arbitrum, Solana, Aptos, and Sui.","Pyth experienced a 30% increase in total value secured (TVS), surpassing $2.5B, led by burgeoning activity on Solana, Sui, Optimism, and Manta.","The current state of security in Bitcoin and Ethereum make attacks economically unfeasible, according to a new paper, “Breaking BFT” by Nuzzi, Waters, and Andrade.","Wormhole announces plans to use AMD's FPGA hardware accelerators for scaling \"light client\" proofs for cross-chain messaging (using ZK proofs).","L2s finalize new rollup standard bolstering compatibility with mainstream tech, with Ethereum L2 teams preparing to embrace this new standard to improve interoperability.","Samczsun launches security alliance for crypto cybercrime victims. The alliance aims to empower white hat hackers to improve security in the blockchain industry.","Bitcoin ETF inflows pick up again, with BlackRock leading the way. In fact, ETFs and other funds now own 3.9% of BTC supply, and amid $Bn outflows in Gold ETF.","Solana users have paid $18.2M of priority fees so far in 2023, compared to just $6.6M in the last four months of 2023.","Ethereum validator queue reaches highest level since October, amid apparent renewed interest in staking.","Puffer Finance reaches $850M in TVL, and has now become the second-largest Ethereum liquid restaking protocol.","Tranchess, a liquid staking DeFi protocol, has shipped leveraged stETH exposure after its V3 Launch: Turbo Yield ETH and Stable Yield ETH.","Uniswap Foundation reveals a tentative date for the launch of Uniswap v4. The launch is expected to be in Q3 2024.","Sommelier Finance launches DeFi strategy vaults on Arbitrum for users priced out of Ethereum mainnet.","Optimism launches its Security Council. The council is planned to be solely responsible for implementing OP Mainnet upgrades.","Ethena raises $14m funding round and launches stablecoin. The stablecoin is backed by Ether and its derivatives. See recent discussions on USDe's 27% yield promises.","Prisma Finance introduces ULTRA, a stablecoin backed by Liquid Staking Tokens (LSTs). Users can mint ULTRA against LRTs.","CME announces plans to launch EUR denominated micro Bitcoin and Ether futures.","Coinbase beats Q4 estimates. Transaction revenue has risen to $529M.","Crypto.com comments on user base expansion from its partnerships with Formula 1 and the UFC.","This week, we’ve received some amazing artwork by Pythians pshaliwe, drops2021, Gereish, and nicoIAS. Keep up the good work, everyone!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/governance-is-upon-us-newsletter-48"},"/blog/pyth-price-feeds-launch-on-blast-mainnet":{"version":1,"title":"Pyth Price Feeds and Entropy Launch on Blast - Blog - Pyth Network","description":"Blast launches Pyth Price Feed & Pyth Entropy, providing low-latency crypto & equity price data for smart contract developers. \n","keywords":"","h1":["Pyth Price Feeds and Entropy Launch on Blast"],"h2":["Pyth Price Feeds on Blast","Pyth Entropy on Blast","Blast","Pyth","What’s Next?"],"h3":["Who’s Using Pyth Price Feeds?","Resources"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Blast launches Pyth Price Feed & Pyth Entropy, providing low-latency crypto & equity price data for smart contract developers.","Announcements","Feb 29, 2024","Pyth Price Feeds and Pyth Entropy are now live on Blast, the first Ethereum Layer 2 blockchain to offer native yield for stablecoins and ether. This deployment follows the recent launch of Pyth oracles on Blast’s testnet environment earlier in January.","Smart contract developers on Blast can access and build with 400+ low-latency price feeds across cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds. Pyth Price Feeds are now securing dozens of decentralized applications launching on mainnet on Blast.","Pyth’s oracle data became available on Blast immediately after its mainnet launch on February 29, 2024. This rapid deployment is a testament to the Pyth Network contributors’ dedication towards building an oracle solution that drives scalable multi-chain growth and sets a new industry standard for DeFi solutions.","Pyth Price Feeds and Pyth Benchmarks are now spuporting the Blast's DeFi ecosystem. Blast developers will benefit from permissionless access to over 400 low-latency data feeds across major crypto and traditional asset classes. Pyth’s price data infrastructure can secure a wide range of smart contract applications ranging from perpetual trading to derivatives, lending to stablecoin protocols, and even Web2-style use cases like data analytics and business intelligence.","The Pyth oracle introduce a specialized pull oracle architecture which empowers smart contract applications to request or pull price updates from the Pythnet appchain only when needed. This design ensures that users have reliable access to the freshest price updates while benefitting from high-frequency and high-resolution prices.","Pyth Price Feeds also include confidence intervals, which are visualized as price bands around the real-time asset price. Confidence intervals provide insights into market volatility and divergences across different markets to help downstream protocols respond to unusual market events.","Over 15 decentralized applications—which have deployed on Blast on the same day of its mainnet launch—are now harnessing Pyth’s price data to secure their operations.","DTX—a gateway to 100+ crypto assets with high-leverage options.","100x—a high-speed perpetual DEX experience.","Aark—a perpetuals DEX powered by LST/LRT for professional traders.","Blast Futures—a perpetuals DEX with native yield.","Bloom—a leveraged trading DEX for rebasing assets.","Curvance—a modular multi-chain money market with boosted yield.","Deriblast—the first Blast prediction market protocol.","Easy X—a reimagined perpetual protocol for diverse asset exposure.","FragmentFi—a new native liquidity layer and lending protocol for Blast.","HMX—a decentralized perpetual protocol with versatile collateral options.","Juice—an innovative cross-margin DeFi account.","Laser—a liquidity layer for on-chain banking on Blast.","Orbit Protocol—a new native lending protocol on Blast.","SynFutures Protocol—a decentralized derivative trading protocol.","YOLO Games—a high-stakes Web3 gaming platform.","Zest—a collateralized stablecoin with 100% capital efficiency on Blast.","Pac Finance—a new pioneering DeFi hub on Blast.","Seismic Finance—a new Blast native lending market.","Pyth Entropy is the newest Pyth Network product which securely delivers random numbers to blockchains. A secure source of on-chain randomness ensures unbiased outcomes for decentralized use cases across NFTs, gaming, social media, prediction markets, and more. This new deployment of Pyth Entropy will power creative and unique Web3 user experiences only possible in the Blast ecosystem.","Blast is a new Ethereum Layer 2 blockchain and the first L2 of its kind offering native yield for ETH and stablecoins along with cheaper and faster transactions. Blast leverages Ethereum’s Shanghai upgrade for features such as auto-rebasing for ETH and a T-Bill yield for stablecoins through USDB (Blast USD). Depositors can earn BLAST points alongside their yields.","Blast is backed by Paradigm, Standard Crypto, and eGirl Capital. To learn more, please visit their website and developers page.","The Pyth Network is a first-party financial data oracle network which delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contract to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value. Pyth supports over 400 real-time data feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Explore the resources below and get started with Pyth Data. If you have any questions, please feel free to reach out.","You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are in the pipeline. If you would like to request a new data feed, you can reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-blast-mainnet"},"/blog/pythians-unite-newsletter-49":{"version":1,"title":"Pythians Unite | Newsletter #49 - Blog - Pyth Network","description":"Pyth Network updates: ETHDenver event, council member proposal finalized. Stay informed on DeFi developments from The Pythiad newsletter.","keywords":"","h1":["Pythians Unite | Newsletter #49"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulatory","Technology and Development","Stablecoins","Ecosystems","Exchanges"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network updates: ETHDenver event, council member proposal finalized. Stay informed on DeFi developments from The Pythiad newsletter.","Newsletter","Mar 5, 2024","Welcome back to The Pythiad, the official newsletter of the Pyth Network.  Fresh updates on all things DeFi await you. Let’s get right into it.","This week, Pythians from far and wide gathered at ETHDenver, met IRL, and heard first-hand what’s next for the Web3 industry. See you at the WOW Summit and ETHTaipei next!","The first proposal for approving the final list of Pythian Council members kicked off on Feb 22n and concluded on Feb 29 at 12:00 AM UTC. Final votes were cast on Realms, and the 8 nominees who received the most YES votes will now become the first official members of the Council.","Blast, the new Ethereum Layer 2, launched its mainnet on February 29. Pyth Price Feeds and Entropy went live on Blast mainnet shortly after on day one. Over 20 dApps are already tapping into Pyth Data to secure their operations.","The IRS’s most recent hires include crypto insiders and supporters. These new hires include Sulolit “Raj” Mukherjee, the former global head of tax at Consensys, and Seth Wilks, the former vice president of government relations at crypto tax software firm TaxBit.","SEC Commissioner Hester Pierce says that regulators are stuck in an “enforcement only” mode. She expressed \"frustration\" with a lack of clear rules and noted the need for regulatory frameworks and clarity from the SEC.","The Delta hard fork, implemented across various Optimism-based chains, has led to a serious reduction in fixed overhead costs and fees for the L1.","Blast, an Ethereum L2 scaling network, officially launched on mainnet.","AI tokens – assets that are tied to AI services or platforms – are offering new innovations. These cryptocurrencies have the potential to facilitate transactions, access services, and incentivize behaviors within AI-driven ecosystems","Finance protocol Usual introduces USD0, a permissionless stablecoin backed by real-world assets (RWAs). Holders of the stablecoin may be rewarded with yields generated by these RWAs.","Bitcoin is hitting ATHs around the world according to reports. While it has not reached its November 2021 ATH in US dollar terms, it has breached record highs in local currencies in many international markets.","Solana’s prices hit a 22-month high and outperformed Bitcoin this past week according to commentators.","More than 110,000 Ordinals wallets are eligible for the Runestones Airdrop. This project is led by LeonidasNFT, an Ordinals collector and NFT historian.","Tron hits a new all time high in daily fees. As the network of choice for stablecoin transfers, the network is now generating almost $2M in daily protocol revenue.","Bitcoin ETFs are now almost 4% of all bitcoin, according to Blockworks.","Robinhood is teaming up with Arbitrum to allow the users of its Robinhood Wallet to access swaps on the L2.","Users across Coinbase, CoinGecko, and Robinhood are reporting outages amidst the crypto market rally.","This week, we’ve received some amazing artwork by Pythians onlyrandomwords, ROBBOT17_ART, ayo_bandara, and an anonymous contributor. Keep them coming!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythians-unite-newsletter-49"},"/blog/new-pyth-data-provider-laser-digital-a-digital-asset-subsidiary-of-nomura":{"version":1,"title":"New Pyth Data Provider: Laser Digital, A Digital Asset Subsidiary of Nomura - Blog - Pyth Network","description":"Pyth Network expands data offerings with Laser Digital, Nomura’s subsidiary. This partnership enhances data for digital finance applications.","keywords":"","h1":["New Pyth Data Provider: Laser Digital, A Digital Asset Subsidiary of Nomura"],"h2":["Who is Laser Digital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands data offerings with Laser Digital, Nomura’s subsidiary. This partnership enhances data for digital finance applications.","Data Providers","Mar 7, 2024","Today, the Pyth Network welcomes Laser Digital, Nomura’s digital asset subsidiary, as an institutional data provider. Laser Digital will contribute its crypto price data, as well as data for traditional assets including equities, commodities, and foreign exchange, to the Pyth Network for downstream applications to leverage. This collaboration underscores Laser Digital’s commitment towards redefining the frontier of digital finance.","\"We are excited to support Pyth Network in its journey as a decentralized data provider. We look forward to leveraging our expertise and experience to contribute to the growth of the Pyth ecosystem.” — Jez Mohideen, CEO of Laser Digital.","\"We are thrilled to see Laser Digital join the Pyth Network. This is a fantastic step forward in building the leading financial market data oracle for Web3.” — Mike Cahill, CEO of Douro Labs.","\"The Pyth Network ecosystem has data contributors from all corners of traditional markets and crypto markets, including the top trading firms and exchanges globally. It is really fantastic to see Laser Digital join this community to help bring in perspective and expertise from the existing finance world. Our team at Douro is looking forward to working alongside and learning from the team at Laser.\" — Marc Tillement, Director at the Pyth Data Association.","Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets.","We look forward to partnering with more data providers to help build the digital data marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Read more about our partnership on the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Laser Digital, a digital asset business backed by Nomura","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-laser-digital-a-digital-asset-subsidiary-of-nomura"},"/blog/the-launch-of-the-inaugural-pythian-council-feb-2024":{"version":1,"title":"The Launch of the Inaugural Pythian Council | Mar 2024 - Blog - Pyth Network","description":"The Pyth Network DAO approved the Pythian Council, marking an important update to its governance community. \n","keywords":"","h1":["The Launch of the Inaugural Pythian Council | Mar 2024"],"h2":[],"h3":["Pythian Council","Council Members of Mar 7, 2024"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The Pyth Network DAO approved the Pythian Council, marking an important update to its governance community.","Updates","Mar 7, 2024","Today, on March 7, 2024, the inaugural Pythian Council has been elected and approved by the Pyth DAO through on-chain voting. This blog post serves as an update announcement for the Pyth DAO and wider DeFi community on the recent status of the Pythian Council, one of the two Pyth DAO councils.","As per the Pyth DAO Constitution, the Pythian Council is made of 8 members who are signers of the Pythian Multisig Wallet. The composition of the Pythian Council aims for geographical diversity to better fulfill and realize the ethos, mission and guiding values of the Pyth DAO.","The Pythian Multisig Wallet has powers to perform actions that are delegated to it by the Pyth DAO. Operational Pyth Improvement Proposals (PIPs) delegated to the Pythian Council include:","Upgrades to the oracle program.","Upgrades to the verification program for each Pyth-supported blockchain.","Setting of data request fees per blockchain, as well as other protocols or network fees.","The execution of such actions by the Pythian Council requires 7-of-9 approval.","The first election of the Pythian Council was conducted via on-chain voting. New elections will begin 6 months after the previous election has started and will replace 4 members of its cohort of 8 members.","Firstly, a warm congratulations to the newly elected Pythian Council members. The Pyth contributors and the wider DeFi ecosystem wish them luck on their duties as council members.","Below is a summary of the newly elected Pythian Council members. You can see their full candidate profiles on GitHub.","The members are listed below by order of the number of affirmative votes for that candidate. The top 4 candidates by votes can remain as council member for up to two terms.","Afif Bandak","Contributor at Synthetix","Location: North America","Motivations: Synthetix is a top user of Pyth Data with plans for further collaboration.","Experience: 3 years as a contributor to the Synthetix protocol with DeFi and oracle systems expertise.","Marc Tillement","Role: Director at Pyth Data Association","Location: Europe","Motivations: Key stakeholder of the Pyth Network as a member of the Pyth Data Association.","Experience: 3 years as a contributor to the Pyth Network, with past governance participation engagement in Synthetix, Aave, Optimism, and Compound.","Robinson Burkey","Role: CCO and Co-Founder at Wormhole Foundation","Motivations: Wormhole is a critical infrastructure provider for the Pyth Network.","Experience: Wormhole Foundation lead and core contributor to the Wormhole Protocol. Participant in various DAOs across EVM and non-EVM chains.","Guillermo Bescos","Role: Software Engineer at Douro Labs","Motivations: Douro Labs is a significant technical contributor to the Pyth protocol and member of the Pyth Network ecosystem.","Experience: 2+ years of experience working on the Pyth codebase. Helped build most of the governance software stack for the Pyth DAO.","Jayant Krishnamurthy","Role: Co-Founder and CTO at Douro Labs","Experience: 2+ years of experience as a software contributor to Pyth, working across all parts of the codebase.","Guilhem Chaumont","Role: CEO at Flowdesk","Motivations: Flowdesk is a market data provider for the Pyth Network.","Experience: Co-Founder and CEO at Flowdesk, a full-service digital asset trading and technology firm.","Shu Tsu Wei","Role: Contributor at HMX","Location: Asia","Motivations: HMX has been a user of Pyth Data since day one.","Experience: 6 years in DeFi with general expertise in smart contract development.","nope","Role: CTO at Solend","Motivations: Solend is a long-time user of Pyth Data.","Experience: 3 years of building on Solana (and working with Pyth). Serves on ecosystem multisigs for spl-stake-pool, openbook-ex, and Marinade.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-launch-of-the-inaugural-pythian-council-feb-2024"},"/blog/pyth-entropy-random-number-generation-for-blockchain-apps":{"version":1,"title":"Pyth Entropy: Random Number Generation for Blockchain Apps - Blog - Pyth Network","description":"Pyth Entropy delivers secure, fast blockchain randomness for smart contracts. It’s a trusted solution for unpredictable Web3 applications.","keywords":"","h1":["Pyth Entropy: Random Number Generation for Blockchain Apps"],"h2":["The Need for Secure Random Numbers","Introducing Pyth Entropy","Who’s Using Pyth Entropy?"],"h3":["Properties of Entropy","Resources"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Entropy delivers secure, fast blockchain randomness for smart contracts. It’s a trusted solution for unpredictable Web3 applications.","New Products","Mar 13, 2024","Pyth Entropy is an innovative approach for delivering secure random numbers on the blockchain and has launched on mainnet. Entropy is a response to the community’s demand for a fast and cheap source of on-chain randomness.","Pyth Entropy enables smart contract developers to tap into a secure and reliable source of randomness on-chain. Trustless RNG is critical for Web3 applications designed to deliver unpredictable outcomes across gaming, NFTs, lotteries, betting markets, and more.","Developers on Arbitrum, Blast, Chiliz Chain, Mode, LightLink, Optimism are the first to have access to Entropy on their native mainnet environments.","Many blockchain applications rely on a secure source of randomness to produce an unpredictable outcome or unique experience. Common use cases for on-chain random numbers include gaming and GameFi, NFT drops, and prediction markets in DeFi.","Developers building a gaming app, for example, may want to create unpredictable outcomes or obstacles for players. NFT minting and distribution activities can tap into a reliable source of randomness to yield truly unique mints and randomly selected recipients. Betting or parimutuel markets can base winning conditions on a source of randomness as opposed to real-world sports and events, like in on-chain roulette or virtual horse racing.","In these examples, the outcome must be truly unpredictable in order to be fair to participants and secure against manipulation. Furthermore, users demand perfect up-time and responsiveness from the apps they use.","Generating secure random numbers on a blockchain poses unique challenges due to the deterministic nature of blockchain states. Developers seek a source of randomness which is reliable, decentralized, and inexpensive, as shortcomings in these dimensions can hamper the final user experience.","Pyth Entropy addresses these pain points by employing a novel approach to secure random number generation based on a two-party commit-reveal protocol, a well-known cryptographic technique. In this protocol, two parties can interact to generate a random number without needing to trust the other party.","Commitment Phase: Both parties independently generate a secret random number and keep it a secret. They then hash this number and share it with each other by committing the hash to the blockchain.","Reveal Phase: Both parties reveal their random numbers. The other party verifies that the counter-party’s revealed number matches the committed hash. The final secure random number is then obtained by hashing the two revealed numbers.","Pyth Entropy expands on this basic technique to improve its security and efficiency when running on the blockchain. First, the protocol allows one party to commit to a large quantity of random numbers up front, which minimizes the number of transactions required to operate the protocol. Second, the protocol mixes the chain’s blockhash into the result to add an additional source of random variation. While Pyth Entropy works differently from other random number generation approaches such as VRF, it is just as secure as these other approaches.","Pyth Entropy empowers developers to deliver the user experience they envision by offering a secure, reliable, and fast solution for random number generation.","Security: Pyth Entropy is built on a commit-reveal protocol offering robust security guarantees and continuous responsiveness. This protocol minimizes trust between the participants, and Entropy users who follow the protocol can guarantee that the results are truly random.","Speed: Pyth Entropy follows a pull design similar to Pythnet Price Feeds. In the Entropy protocol, the two parties can communicate over HTTP instead of the blockchain itself. This design choice enhances the speed and simplicity of Entropy compared to other RNG alternatives.","Ease of Use: Integration with Pyth Entropy is straightforward and requires just a few lines of code. Similar to Pyth Price Feeds and Benchmarks, integration with Entropy is permissionless.","“Entropy’s launch on Mode will enable devs building out GameFi to securely get random numbers on-chain. This has been highly demanded since our launch and we are excited to work with Pyth to grow the use of Entropy SDK.” — James Ross, Founder of Mode","“The participants of the LightLink Gasless Hackathon had an excellent experience with Pyth Entropy and built innovative games with it. It is simple, reliable, and easy to integrate, and we witnessed several cool projects being developed.” — Roy Hui, Co-Founder and CEO of LightLink","Integration with Entropy is permissionless, and a number of creative and market-based projects are already tapping into the Entropy protocol to power their solutions.","FLAP (Blast)—a bundle market for blue chip NFT mints.","Fungible Flip (Blast)—a coin flip game with no house rake and true 50/50 odds.","SlashToken (Chiliz Chain)—a platform designed to provide user-friendly NFT and token tooling for Web3 projects.","Developers are invited to reach out and learn more about how Pyth Entropy can support their products. See the documentation for more.","How to Generate Random Numbers using Entropy","Entropy Contract Addresses","Example Applications","Best Practices","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-entropy-random-number-generation-for-blockchain-apps"},"/blog/pyth-price-feeds-launch-on-injective-inevm":{"version":1,"title":"Pyth Price Feeds Launch on Injective inEVM - Blog - Pyth Network","description":"Injective inEVM launches Pyth Price Feeds, offering 450+ low-latency feeds for smart contract devs, enabling hyperscale VM development.","keywords":"","h1":["Pyth Price Feeds Launch on Injective inEVM"],"h2":["Pyth Price Feeds on Injective inEVM"],"h3":["Injective","Injective inEVM","Pyth","Resources"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Injective inEVM launches Pyth Price Feeds, offering 450+ low-latency feeds for smart contract devs, enabling hyperscale VM development.","Announcements","Mar 14, 2024","Pyth Price Feeds are now live on Injective inEVM, the first rollup to hyperscale concurrent VM development. This deployment follows the launch of the Pyth Price Feeds on Injective mainnet in April 2023.","Smart contract developers on the newly-launched inEVM can now access and build with 450+ low-latency price feeds for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds. Pyth Price Feeds are already securing a few of decentralized applications launching on mainnet on Injective inEVM.","“Pyth Price Feeds play a pivotal role in developing the rapidly growing inEVM ecosystem. inEVM’s ability to empower Ethereum developers with true composability across Solana and Cosmos provides access to developers building innovative DeFi applications,” shared Eric Chen, CEO and co-founder of Injective Labs. “Pyth is a long-term contributor to Injective, and we are pleased to see it continuing to be utilized for inEVM.”","Pyth Price Feeds are now live on the inEVM DeFi ecosystem. Smart contract developers on inEVM will benefit from permissionless access to over 450 data feeds across digital and traditional asset classes. More specifically, Pyth’s low-latency price feed infrastructure can power a wide range of DeFi applications, from perpetual trading to derivatives, as well as borrow/lending and stablecoin protocols.","Pyth Network introduces a specialized pull oracle design which empowers smart contract applications to request or pull price updates from the Pythnet appchain on demand. This architecture ensures that downstream users have reliable access to the most recent price updates while also benefitting from high-frequency and high-resolution prices.","Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban.","inEVM is the first-ever Ethereum Virtual Machine capable of achieving true composability across Cosmos and Solana. The inEVM network was developed as a collaboration between Injective and Caldera.","With inEVM, Ethereum developers gain unprecedented access to Injective’s global network and user base, offering a new realm of opportunities to expand the reach of their protocols.","Pyth Network is a first-party financial data oracle network which delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contract to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $3.0B. Pyth supports over 450 real-time data feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-injective-inevm"},"/blog/value-leakage-and-fragmentation-in-liquidations":{"version":1,"title":"Value Leakage and Fragmentation in Liquidations - Blog - Pyth Network","description":"Understanding MEV: This article continues a series exploring Maximal Extractable Value. It builds on prior work, introducing a new framework & mitigation strategies.","keywords":"","h1":["Value Leakage and Fragmentation in Liquidations"],"h2":["Anatomy of a (Flat Percentage Bonus) Liquidation","Evaluating Liquidation Profit Margins","Liquidation Fragmentation","Coda"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Understanding MEV: This article continues a series exploring Maximal Extractable Value. It builds on prior work, introducing a new framework & mitigation strategies.","Research","Mar 6, 2024","Note: This article is authored and contributed by members of Douro Labs. This is the third of an article series discussing MEV. This series introduces a new formalism for understanding MEV, before covering existing methods to mitigate MEV and improvements to protocol design to help recapture MEV.","In the previous articles in this series, we developed a theoretical formulation to understand MEV and conceptualize hierarchies of value (re)capture. We showed that in all cases of MEV, protocols have the ability to recapture their MEV leakage. We then looked into a set of existing MEV mitigation techniques around liquidations and AMM trading, considering their tradeoffs.","In today’s research post, we delve further into the scope of liquidations. DeFi liquidations constitute a massive amount of volume: nearly 2.5B USD of collateral has been liquidated on Aave and Compound (V2 and V3) on Ethereum throughout their history, and in those liquidations, about 2.35B USD of debt has been provided.","The difference—nearly 150M USD notional—constitutes the liquidation incentives that Aave and Compound on Ethereum have provided to liquidators; much of this simply leaks to the miners. These figures do not account for liquidation volume in other protocols or on chains other than Ethereum.","Below, we examine the typical workflow and profit margins for liquidations. We also discuss a common liquidation demand-side issue faced by protocols.","The most standard configuration of liquidation bonus across lending and perpetual protocols is the flat percentage bonus. Below, we dissect a prototypical liquidation into its composite steps:","1. Vault is created: A user deposits some amount of collateral assets in order to take out a loan of debt assets. The protocol requires over-collateralization, which means that the value of the collateral deposited exceeds the value of the outstanding debt.","This is codified by a minimum “health” ratio of the value of the collateral to the value of the debt; this minimum health ratio is some value greater than 100%. The protocol uses price feeds from a price oracle to value the collateral and debt. This allows the protocol to permit over-collateralized vault creation while preventing under-collateralized vault creation.","2. Vault becomes under-collateralized: The price feeds that the protocol uses to price the collateral and debt now show that the vault’s health ratio is below the minimum required health ratio. Thus, the vault is under-collateralized and eligible for liquidation.","3. Liquidator supplies outstanding debt to repay the loan: A liquidator provides the outstanding debt in exchange for the collateral. Since the minimum health ratio is greater than 100%, upon a vault becoming eligible for liquidation, the trade should still be profitable for would-be liquidators.","The liquidation bonus that the protocol provides comes from this discrepancy between the value of the collateral and the value of the debt.","For example, if the minimum health ratio of a vault is 110%, upon becoming eligible for liquidation, a vault’s collateral should be worth a bit under 10% more than its debt. The protocol can thus provide up to a 10% liquidation bonus.","4. [Optional] Liquidator clears the received collateral: The liquidator may choose to trade out of the received collateral, usually back into the debt asset denominations in order to lock in an arbitrage profit.","The liquidator could source the outstanding debt in a couple different ways:","1. Flash loan: The liquidator may use a flash loan contract that grants the liquidator the outstanding amount of the debt in exchange for some fee. The flash loan will fail if the liquidator does not pay back the debt plus the fee by the end of the transaction.","This fee is analogous to a high-yield short-term interest rate. In this case, the liquidator would certainly take step 4 within the same transaction, in order to repay the flash loan.","2. Custodied debt: The liquidator may own and custody the necessary debt in its own smart contract.","In this case, the liquidator could choose to lock in an arbitrage profit immediately, hedge gradually on DEXs and CEXs, or simply hold the collateral.","We can assess the profit margins of liquidations by comparing the mark-to-market value of collateral and debt positions of liquidated vaults.","In particular, we examine recent Aave liquidations to understand the profitability of performing liquidations there.","Aave provides a range of liquidation bonuses depending on the debt and collateral; generally, the riskier assets have higher liquidation bonuses while safer and more liquid assets have lower bonuses.","For example, USDC, DAI, and ETH have 5% liquidation bonuses while MANA and YFI have higher bonuses at 10% and 15%, respectively. Having sufficiently large liquidation bonuses is important, because riskier and more illiquid assets are likely to have higher market impact when sold off in the open market, creating worse effective prices for those assets.","In this study, we analyzed Aave (V2 and V3) liquidations on Ethereum between November 24, 2023 and January 24, 2024, of which there are 476.","We evaluated the value of the collateral received and the debt paid, in order to estimate the premium paid out to liquidators to incentivize liquidations. Based on Pyth prices for the assets, we found the distribution for the mark-to-market premium (i.e. the ratio of collateral value to debt value, using the market price for the assets at the time) shown in the plot below.","This plot shows the cumulative value of collateral liquidated across different mark-to-market premiums.","As can be seen, nearly 90% of the liquidation volume took place within a band of 1.04 to 1.0525 mark-to-market premium, and another 6% of the volume took place at even higher premiums. This demonstrates that the vast majority of liquidation volume took place at a sizeable mark-to-market premium for the liquidators.","Note that these figures do not account for market impact of selling the collateral tokens in the open market. Thus, these results slightly overestimate liquidator profit. However, as will be seen below, the majority of collateral liquidated consisted of liquid assets, and the average mark-to-market premium is high enough to compensate the relatively small market impact from selling these liquid assets.","During this stretch, about 42M USD of collateral was liquidated across Aave V2 and V3. The total premium paid out was about 1.9M USD, about 4.5% of the total liquidated collateral value. About 35M USD of the liquidated collateral was WETH. Additionally, 38.2M USD of the liquidated collateral was one of WETH, WBTC, DAI, and USDC; the average (weighted by volume) mark-to-market premium of collateral to debt for vaults with each of these collateral types was 1.047, 1.045, 1.039, and 1.043, respectively.","Moreover, the typical vault size on Aave is not so large as to necessitate such high liquidation bonuses to offset any market impact. Below is the distribution of vault sizes by collateral value across the liquidated vaults, of all token denominations and of the denominations mentioned above.","Quantile","All Collateral (USD value)","WETH","WBTC","DAI","USDC","0.01","114.7","225.8","292.2","302.06","238.1","0.1","300.6","372.7","483.6","323.3","365.1","0.25","529.1","655.8","1285.5","469.7","669.7","0.5","1771.8","2795.0","2155.4","873.4","1548.0","0.75","7898.6","19,820.0","6555.8","7026.3","3915.8","0.9","36,636.9","69,196.0","11,937.0","250,172.3","11,943.2","0.99","1,533,076.0","7,659,081.3","731,075.4","697,425.3","36,539.5","The plot below shows the distribution of the value of collateral (of all denominations) in the liquidated vaults, at the time of liquidation. The y-axis corresponds to the “All Collateral (USD value)” column in the table above. The x-axis corresponds to the “Quantile” column in the table.","The plot shows that most of the vaults are small enough to not need large liquidation bonuses. About 99% of vaults had less than 1M USD of collateral at the time of liquidation, and even the largest liquidated vault had about 4.2M USD of collateral.","These numbers are not so large relative to the available liquidity. For example, the typical 2% depth of the Binance ETH-USDT pair is greater than $10M in either direction, and there are many other ETH-stable pairs to absorb ETH sell pressure. Of course, the liquidity may evaporate during a high-profile liquidation, but for the vast majority of situations, a 4-5% liquidation bonus is excessive relative to the regular orderbook depth.","Besides the fact that protocols are overpaying for liquidations, another problem exists.","Liquidations are currently fragmented across protocols with different liquidation interfaces, which leads to a shortage of liquidators available per protocol. This is dangerous for a protocol, because it can threaten the likelihood of essential liquidations taking place on time.","Consider the following interfaces for liquidation for two protocols, Compound:","and Euler:","Although these two interfaces look quite different, both protocols have the same core liquidation dynamics. In both cases, there is a liquidation bonus that makes the trade have positive expected value, so as to incentivize liquidators to conduct the liquidation. In both cases, liquidation is permissionless and the eligibility of a position for liquidation is determined based off external price oracle feeds.","The differences in the interfaces reflect minor technical implementation differences between the protocols.","In Compound, the liquidator is technically purchasing the collateral from a centralized pool as opposed to an individual vault; thus, a call to buyCollateral is preceded by a call to the permissionless absorb function which closes the underwater vault and transfers its collateral to this pool.","Meanwhile, in Euler, the liquidator picks a particular vault to liquidate and purchases the siloed collateral corresponding to that vault. However, the impact of liquidation in both cases is functionally the same: the liquidator absolves the protocol of the risk of holding the collateral by repaying an outstanding loan in exchange for a bonus in the form of extra collateral tokens.","Because the interfaces are so different, the smart contract and client code that liquidators need to write to conduct a liquidation is novel for each protocol. Thus, even though the functionality and nature of the liquidations on the two protocols are essentially the same, the integration for each is, unfortunately, bespoke.","In addition to the per-protocol integration cost that searchers face, they also have to contend with new smart contract risk per protocol. Some searchers contend with this by writing a separate liquidation smart contract per protocol they wish to liquidate for; then, the risk introduced by integrating with Compound only affects the funds devoted to liquidating Compound vaults. However, this trades off against capital efficiency, as funds are siloed and cannot be easily leveraged across protocols intra-block.","The upshot of these two tradeoffs is that searchers are constrained in terms of how many protocols they can perform liquidations for. Many more would-be searchers remain hesitant to integrate as liquidators because of these issues. This can result in protocols suffering low availability and diversity of searchers. In some cases, protocols have to bootstrap the liquidator presence by incentivizing even beyond the liquidation bonuses or even by running their own liquidation bots.","Liquidations in the status quo present significant pain points for both protocols and searchers. For protocols, liquidations create unnecessary value leakage to miners, diverting incentives that could otherwise be used to replenish protocol stakeholders like liquidators, stakers, or vault owners. For searchers, the current fragmentation of liquidations constrains how many protocols they can effectively liquidate for, which reduces the number of active liquidators across the ecosystem and threatens the financial safety of protocols.","In the next article in this series, we will discuss a new solution that alleviates both of these sets of pain points, making liquidations more practical and efficient for searchers and cost-effective and reliable for protocols.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/value-leakage-and-fragmentation-in-liquidations"},"/blog/the-commodities-markets":{"version":1,"title":"The Commodities Market Explained - Blog - Pyth Network","description":"Commodities markets trade raw materials – wheat, gold, oil – through spot and derivatives exchanges. A key investment area for finance.","keywords":"","h1":["The Commodities Market Explained"],"h2":["Commodities Overview","Why the Commodities Markets Matter","Pyth Network and Commodities Support"],"h3":["Examples of Commodities"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Commodities markets trade raw materials – wheat, gold, oil – through spot and derivatives exchanges. A key investment area for finance.","Education","Mar 18, 2024","A commodities market is a marketplace for buying, selling, and trading raw materials or primary products, ranging from agricultural goods like wheat and corn to precious metals such as gold and silver, and even energy resources like oil and natural gas.","The commodities market comprises spot markets, facilitating immediate delivery, and derivatives markets, focused on future delivery. In traditional finance, commodities play a pivotal role, offering diverse investment avenues distinct from the movements of stocks and bonds. Investors can access commodities either directly through derivatives contracts or indirectly by investing in vehicles with exposure to these raw materials.","Commodities markets play a significant role in essential economic needs. The most traded commodities are energy resources (e.g. oil and natural gas), metals (e.g. gold, silver, copper), and agricultural goods (e.g. corn, soybeans, wheat). According to Oliver Wyman, the commodities trading industry surpassed $100B in gross margin in 2022. The liquidity of commodities markets is heavily influenced by factors such as demand for raw materials, geopolitical events, and economic conditions.","Commodities are broadly categorized into hard and soft commodities.","Hard commodities encompass natural resources like metals and energy, featuring gold, silver, natural gas, and oil. Hard commodities serve as benchmarks for economic stability and are often viewed as indicators of global sentiment.","Soft commodities, on the other hand, include agricultural goods and livestock, such as sugar, wheat, and coffee. Soft commodities are influenced by factors ranging from weather conditions and geopolitical events to technological advancements in farming.","The commodities markets serve an important role in risk management, hedging, and speculation for a wide range of financial participants.","Manufacturers and agricultural players may participate in the commodities markets to hedge and manage price risk, while speculators can make directional bets on price movements of commodities instruments. Institutional investors may participate in the commodities market to diversify portfolios due to low correlations with traditional assets. Additionally, commodities serve as economic indicators, providing insights into inflation, trade dynamics, and overall market health.","Commodities historically exhibit a low correlation with stocks and bonds, which may provide investors an opportunity to diversify and mitigate volatility. Gold, for instance, can serve as safe-haven assets, preserving value in uncertain times and acting as a hedge during market downturns.","Commodities may also thrive during inflationary periods, making them an effective hedge against rising inflation. Agricultural goods such as grains and livestock can also see price appreciation as production costs rise in tandem with inflation. Investors often turn to commodities during inflation as they seek assets with tangible value and potential for positive returns in an economic environment characterized by increasing prices.","While commodities are traditionally traded on major centralized exchanges, the Pyth Network is pioneering their integration into the decentralized finance (DeFi) landscape.","Pyth Price Feeds provides smart contract developers with a comprehensive data infrastructure to access the real-time prices of commodities such as gold and silver. This offering opens up diversified exposure opportunities to DeFi users looking to trade on-chain beyond just crypto markets.","The Pyth Network community can collectively decide through on-chain governance to add new commodities markets—such as energies, agricultural products, and alternative metals—to the Pyth oracle offerings.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-commodities-markets"},"/blog/long-live-the-pythian-council-newsletter-50":{"version":1,"title":"Long Live the Pythian Council | Newsletter #50 - Blog - Pyth Network","description":"Pyth Network’s newsletter reveals a thriving community exceeding 75,000 members and the election of the Pythian Council via DAO voting.","keywords":"","h1":["Long Live the Pythian Council | Newsletter #50"],"h2":["What’s New with Pyth","What’s New with DeFi"],"h3":["Technology and Development","Stablecoins","Ecosystems","Exchanges"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s newsletter reveals a thriving community exceeding 75,000 members and the election of the Pythian Council via DAO voting.","Newsletter","Mar 12, 2024","Welcome to The Pythiad, the official newsletter of the Pyth Network. Ready to hear what’s new? Biweekly updates on all things DeFi await you below. Let’s dive in.","It’s official: The Pyth Network Discord has hit 75,000 members. You can join the revolution here.","On March 7, 2024, the inaugural Pythian Council was elected and approved by the Pyth DAO through on-chain voting. The Pythian Council is made of 8 members who will act as signers of the Pythian Multisig. The council aims for geographical diversity to better fulfill the ethos, mission, and guiding values of the DAO. Learn more here.","The Pyth Network officially hit $59 billion in trading volume – a 2X increase month-over-month and a 5X increase quarter-over-quarter.","The Dencun upgrade resulted in near-zero fees for transactions on Ethereum layer-2 networks.","Tether’s USDT has achieved yet another milestone: a $100 Billion Market Cap.","Tether is also set to launch its USDT stablecoin on Celo, an EVM-compatible blockchain that is transitioning to an Ethereum Layer 2 network.","Revolut continues to expand its crypto portfolio with a new product, Revolut Ramp, enabling crypto purchases directly into MetaMask wallets.","These 10 charts show that RWA, DeFi, and Ethereum ecosystems are vibrant.","DeFi TVL breaks $100 billion for first time since May 2022.","Bitcoin DeFi is on the rise as Bitcoin L2s bootstrap $2.7bn in DeFi deposits with points offerings.","Coinbase was hit with a second outage in just one week; the exchange notes ‘excitement’ in crypto and says it’s hard at work improving its capacity.","Binance has unveiled a new platform for users to predict token listings and earn rewards, such as USDT futures bonus vouchers or trading fee rebate vouchers.","The Uniswap Foundation token rewards proposal passes the temperature check vote.","Community Shoutout","This week, we’ve received some amazing artwork by Pythians gr0uchSol, Pashakep3, kais7sol, and maxtorian.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/long-live-the-pythian-council-newsletter-50"},"/blog/pyth-price-feeds-now-live-on-merlin-chain":{"version":1,"title":"Pyth Price Feeds Now Live on Merlin Chain - Blog - Pyth Network","description":"Pyth oracle launches on Merlin Chain, boosting Bitcoin Layer2 with reliable price feeds and fraud proofs for developers.","keywords":"","h1":["Pyth Price Feeds Now Live on Merlin Chain"],"h2":[],"h3":["Pyth Price feeds on Merlin Chain","Merlin Chain","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracle launches on Merlin Chain, boosting Bitcoin Layer2 with reliable price feeds and fraud proofs for developers.","Blockchains","Mar 26, 2024","The Pyth oracle is now available on Merlin Chain, a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. This deployment further solidifies Pyth Price Feeds as the go-to solution for developers building on the growing Bitcoin ecosystem.","“The team is looking forward to join hands with Pyth, a leading oracle, to help build the foundation of Merlin Chain. With the price feeds and market data Pyth provides, we are now ready to welcome the next generation of Bitcoin and DeFi to Merlin Chain.” — Jeff, Founder of BitmapTech and Merlin Chain","The Pyth Price Feeds are now live on the Merlin Chain DeFi ecosystem. Developers on this Bitcoin Layer 2 can now enjoy permissionless access to over 400 low-latency data feeds across major crypto and traditional asset classes. Pyth’s price data infrastructure can secure a wide range of smart contract applications ranging from perpetual futures trading and derivatives to borrowing and lending.","The Pyth oracle introduce a specialized pull oracle architecture that empowers smart contract applications to request or pull price updates from the Pythnet appchain only when needed. This innovative design ensures that downstream users have reliable access to the freshest price updates while benefitting from high-fidelity and high-frequency data.","Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.","To learn more, please visit their website.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $3.0B. Pyth supports over 400 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Explore the resources below and get started with Pyth Data. If you have any questions, please feel free to reach out.","You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are in the pipeline. If you would like to request a new data feed, you can reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-live-on-merlin-chain"},"/blog/new-pyth-data-provider-ambient":{"version":1,"title":"New Pyth Data Provider: Ambient - Blog - Pyth Network","description":"Pyth Network welcomes Ambient (formerly CrocSwap) to enhance price data. This DEX protocol’s data will improve Pyth’s feed quality & security.","keywords":"","h1":["New Pyth Data Provider: Ambient"],"h2":[],"h3":["Who is Ambient?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Ambient (formerly CrocSwap) to enhance price data. This DEX protocol’s data will improve Pyth’s feed quality & security.","Data Providers","Mar 25, 2024","The Pyth Network is pleased to welcome Ambient to its data provider community. Ambient, formerly known as CrocSwap, is a decentralized exchange (DEX) protocol that allows for two-sided AMMs combining concentrated and ambient constant-product liquidity on any arbitrary pair of blockchain assets.","This partnership will bring the leading Blast and Scroll DEX for on-chain assets to publish real-time price data. Ambient’s contributions will bolster the data quality and security of the Pyth Price Feeds for the benefit of Web3 developers globally.","\"We are excited to leverage our market data to support the Pyth Network ecosystem. By providing pricing data from our deep, liquid pools, we look forward to increasing security, efficiency, and transparency in financial data on-chain. As Ambient grows we look forward to providing market data for more assets, and playing a role in the growth of the Pyth Network.\" — Doug Colkitt, Founder of Ambient Finance","Ambient is a decentralized exchange (DEX) protocol that allows for two-sided AMMs combining concentrated and ambient constant-product liquidity on any arbitrary pair of blockchain assets.","Ambient runs its entire DEX inside a single smart contract, where individual AMM pools are lightweight data structures instead of separate smart contracts. This feature, along with other design decisions, positions Ambient as the most efficient Ethereum-based DEX.","Launched during the summer of 2023, Ambient is already available on Blast, Scroll, Ethereum, and Canto. The platform has gathered more than $50M TVL and enabled $650M in volumes.","Owners and creators of unique price data like Ambient make the Pyth Price Feeds possible. The Pyth Network’s data providers play an important role in enabling continuous access to reliable, real-time price data for smart contract developers on any blockchain.","Learn more about Pyth Network","Learn more about Ambient","Apply to become a data provider","Meet the Pyth Network's data providers","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-ambient"},"/blog/the-launch-of-the-inaugural-price-feed-council-march-2024":{"version":1,"title":"The Launch of the Inaugural Price Feed Council | Mar 2024 - Blog - Pyth Network","description":"Pyth Network DAO approves Price Feed Council, enhancing data accuracy for decentralized finance. Governance update announced.","keywords":"","h1":["The Launch of the Inaugural Price Feed Council | Mar 2024"],"h2":[],"h3":["Price Feed Council","Council Members of Mar 28, 2024"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network DAO approves Price Feed Council, enhancing data accuracy for decentralized finance. Governance update announced.","Updates","Mar 29, 2024","Today, on March 28, 2024, the inaugural Price Feed Council has been elected and approved by the Pyth DAO through voting. This post serves as an update announcement for the Pyth DAO and wider Web3 community on the current status of the Price Feed Council, one of the two Pyth DAO councils.","In accordance to the Pyth DAO Constitution, the Price Feed Council is made of 7 members who are signers of the Price Feed Multisig Wallet. The composition of the Price Feed Council aims for geographic diversity to better realize and fulfil the mission, ethos, and values of the Pyth DAO.","The Price Feed Multisig Wallet has the powers to perform actions delegated to it by the Pyth DAO.","The execution of such actions by the Price Feed Council requires 5-of-7 approval.","The first election of the Price Feed Council was conducted through on-chain voting. New elections will begin 6 months after the previous election to replace 3 members of its cohort of 7 members.","A warm congratulations is extended to the newly elected Price Feed Council members. The Pyth contributors and the wider ecosystem wish them the best on their duties as new council members.","Below is a roundup of the newly elected Price Feed Council members. You can view their full candidate profiles on GitHub.","The members are listed below in order of the number of affirmative votes for that candidate. The top 4 candidates by votes can remain as council member for up to two terms.","Giulio Alessio","Role: Head of Operations at the Pyth Data Association","Location: Europe","Motivations: Committed to assisting the Pyth Network achieve total decentralization and managing and selecting high-quality price feeds and data providers to meet the network's objectives.","Experience: Contributor to the Pyth Network at the Pyth Data Association.","Lawrence Samantha","Role: CEO and co-founder of NOBI","Location: Asia","Motivations: NOBI has been contributing to the Pyth Network as a data provider since June 2023.","Experience: 5+ years in tech with a foundation in computer science and engineering and 13 years of crypto experience.","Nicholas Diakomihalis","Role: Senior Integration Specialist at Douro Labs","Motivations: Seeks to continue contributing towards the Pyth Network oracle by onboarding new publishers and getting feeds live.","Experience: Nearly 1 year as a contributor to Pyth, focused on building integration automations while onboarding new publishers and getting feeds live.","Antoine Bellanger","Role: Senior DeFi Engineer at SwissBorg","Motivations: SwissBorg is a price publisher providing FX and Crypto data to Pyth.","Experience: 6+ years crypto experience and helped build the core Crypto/DeFi features at SwissBorg (supporting $1.2B+ in assets and $200M+ in DeFi).","Harnaik Kalirai","Role: Head of Integration at Douro Labs","Motivations: Looks to continue the robustness and reliability of new and existing price feeds on the oracle and support the oracle's expansion into additional markets and diverse asset classes.","Experience: 2+ years of experience as a key contributor to Pyth within the price feed process and technical integration of new publishers.","Robert","Head of operation at ReactorFusion","Motivations: A user and contributor who has consistently used and updated the price feed since the early launch of Pyth on zkSync Era.","Experience: Led a blockchain tech firm composed of members with 6 years of DeFi experience, ensuring stable operations without financial issues.","Matt Losquadro","Role: Core Contributor at Synthetix","Location: North America","Motivations: Intends to support the Pyth Network and its growth through onboarding new feeds and supporting new features, publishers, and users.","Experience: 2+ years as a contributor to Synthetix, focusing on governance, communications, and partner support.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-launch-of-the-inaugural-price-feed-council-march-2024"},"/blog/pyth-price-feeds-for-caldera-rollups":{"version":1,"title":"Pyth Price Feeds for Caldera Rollups - Blog - Pyth Network","description":"Pyth Price Feeds now available for Caldera rollups, enhancing production-grade deployments with reliable price data.","keywords":"","h1":["Pyth Price Feeds for Caldera Rollups"],"h2":[],"h3":["Caldera","Pyth","Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now available for Caldera rollups, enhancing production-grade deployments with reliable price data.","Events","Mar 27, 2024","Starting today, rollups and oracle data are now available in just one click thanks to Pyth Network and Caldera, the modular blockchain platform.","Caldera enables smart contract developers to quickly launch production-grade OP Stack, Arbitrum Orbit, and Polygon CDK rollups. Builders deploying rollups through Caldera can now readily tap into hundreds of real-time price feeds across major asset classes.","The addition of Pyth Price Feeds to the Caldera toolkit joins more than 50 integrations made available to rollups builders. Pyth’s catalogue of low-latency price data spans across price data for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds.","“We're thrilled to partner with Pyth to bring their oracle solution to Caldera's network of rollups, and empower our developer communities with their real-time price feeds and market data.” — Matt Katz, CEO and Co-Founder of Caldera.","Caldera is a leading Rollup-as-a-Service (RaaS) provider that enables teams to build and scale high-performance modular blockchains, along with all the auxiliary infrastructure you need to power your product vision without limitations.","This custom-built infrastructure offers high throughput, low latency, essential out-of-the-box tooling, and 50+ industry-leading integrations across interoperability, wallet solutions, and more, which includes Pyth.","To learn more about Caldera and how it can empower your blockchain project, visit their website or check out their documentation for a quick start.","Pyth Network is a first-party financial data oracle network which delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contract to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $3.0B. Pyth supports over 450 real-time data feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-for-caldera-rollups"},"/blog/why-community-matters":{"version":1,"title":"Why Community Matters - Blog - Pyth Network","description":"DeFi’s growth empowers global finance, boosting transparency and innovation through community-driven protocols and increased accessibility.","keywords":"","h1":["Why Community Matters"],"h2":["The Essence of Community in Crypto","Spiritual and Psychological Aspects of Community","How Community Impacts Governance and Decentralization","How Community Enhances Utility and Adoption","Building and Nurturing Crypto Communities","The Future of Crypto Communities"],"h3":["MakerDAO","Pyth Network DAO","Challenges and Considerations of Community"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi’s growth empowers global finance, boosting transparency and innovation through community-driven protocols and increased accessibility.","Education","Apr 1, 2024","The decentralized finance (DeFi) industry continues to evolve. With its growth comes the democratization of wealth, increased accessibility of financing for global citizens, and greater market transparency and innovation for the benefit of all participants.","DeFi is unique in a number of elements: its ability to disintermediate core services, its code-is-law foundation, and—the focus of this blog piece—the inclusion of a “community” around different protocols and social movements.","The concept of community itself in Web3 is murky, if not controversial. Community is cited as the source of strength, and even a moat, for many high profile projects. It is also dismissed by commentators as a marketing ploy or cheap gimmick.","This educational blog post was written to explore this abstract topic. What does community mean in the Web3 context? How can on-chain participants—both individuals as well as teams building their own projects—approach this concept?","Let us start with a general definition. “Community” typically refers to a group of individuals who share common interests, values, or goals and who interact within a shared environment to exchange knowledge, provide mutual support, and work towards collective objectives.","In the context of DeFi and blockchain technology, “community” specifically refers to the network of users, developers, investors, and enthusiasts who collaborate and communicate to foster innovation, adoption, and or a sense of belonging within that ecosystem.","Different communities can grow around a Web3 initiative. Often times, the type of community that results depends on whether whether the initiative is a specific technology, a brand name (e.g. branded DAOs), an artistic project (e.g. NFT collections), a video game, or a governing body.","These seemingly disparate examples do share some common characteristics. Such Web3 groups tend to congregate in a shared platform, typically a Discord server or Telegram group. Within those platforms, community members may discuss the latest progress of the project(s) they are following, propose or coordinate contributive efforts, and even engage in casual past-times such as competitions and games.","The early crypto communities that grew around Bitcoin and Ethereum played pivotal roles in establishing the ethos of community-centric development within the blockchain space.","Bitcoin, the first cryptocurrency, emerged not just as a technological innovation, but as a movement. Its community was formed by tech enthusiasts, libertarians, and individuals who believed in the vision of a decentralized, peer-to-peer form of money. This foundational community set the precedent for open-source development, transparency, and collective problem-solving. As a result, several community members wrote articles about Bitcoin and started to pioneer their own projects in the space—giving birth to DeFi as a whole.","Ethereum, following in Bitcoin’s footsteps, expanded the scope of what blockchain technology could achieve with smart contracts, thereby attracting a diverse community of developers, thinkers, and visionaries. Together, these communities fostered environments where ideas could be freely exchanged, projects could be collaboratively developed, and new members could be educated and integrated. This ethos of collaboration and shared purpose accelerated the development and adoption of these technologies, and established a template for how future crypto projects and DeFi initiatives would mobilize and engage their communities to drive growth.","While social media and smartphone applications promise to connect us more than ever, headlines of a rising loneliness epidemic and associated health risks abound. This startling trend underscores how essential it is for individuals to have a third place: a social environment where individuals can gather and interact for community, conversation, and camaraderie—distinct from the social environments of home (the first place) and work (the second place).","Crypto communities—online and offline—offer a meaningful third place where individuals can connect through shared contributions to Web3 initiatives, mutual celebration and support of larger crypto movements, and meaningful participation and exploration of the blockchain ecosystem.","One can argue that these communities are critical to building a greater sense of personal identity through collaborative and goal-driven rituals, in addition to preserving morale throughout market volatility. Among other positive outcomes, healthy and meaningful participation in crypto communities can improve personal growth, learning, and mental well-being.","Belonging and Identity: Within Web3 communities, members find not only a platform for shared hobbies and interests, but also a social fabric that resonates with their personal beliefs. A shared belief in principles such as autonomy and open source technology, for example, are empowering commitments which can foster a strong collective identity. Discussion, collaboration, and communal decision-making help to reinforce one’s sense of belonging to a group.","Mentorship: Crypto communities can foster well-being by offering an environment where experienced members share their knowledge and insights with newcomers. Supportive relationships can accelerate the learning curve for newcomers and cultivate a sense of confidence and communal acceptance among new joiners.","More Connected User Experiences: Crypto communities can also humanize the user support offered by a project team or contributors. Support can range from personal interactions with community mangers to direct conversations to project leaders and founders. These personal experiences can make for meaningful memories and even long-term connections for community members.","Crypto communities are where individuals from various backgrounds and levels of expertise come together to share ideas, experiences, and support one another. A friendly, intimate environment can foster a sense of mutual understanding and belonging among community members, making the complex, isolating journey into Web3 more accessible and engaging.","Community consensus plays a critical role in the decision-making processes driving decentralized projects. Community involvement is meant to ensure that changes reflect the collective will and best interests of all stakeholders, which is essential for maintaining trust, security, and stability of the initiative.","Decentralized governance models, particularly those driven by DAOs, represent a fundamental shift in how decisions are made for various ecosystems. DAOs operate on the principles of transparency, inclusivity, and collective decision-making, leveraging blockchain technology to facilitate secure and decentralized governance processes. At their core, DAOs are essentially smart contracts that encode the rules of the organization and execute decisions automatically based on the outcomes of community votes, minimizing the need for a central authority or trusted third party.","Consider the following case studies of two high-profile DAOs and the role community plays in their operations:","As one of the earliest pioneers of decentralized governance, MakerDAO oversees the Maker Protocol, which issues the DAI stablecoin.","Governance is conducted through the Maker Governance Framework, where MKR holders propose and vote on changes to the protocol. These changes can include adjustments to risk parameters, upgrades to the system, or decisions about how the DAI Savings Rate is set. Votes are directly tied to a participant’s MKR amount, embedding their stakeholder interest into the protocol’s outcomes. This model has proven effective in ensuring the stability of DAI against its peg to the US dollar, demonstrating how decentralized decision-making can manage a complex financial system.","The Pyth Network is a specialized oracle solution for delivering trusted and verifiable market data to blockchain applications. The Pyth oracle network includes institutional and decentralized data providers, smart contract protocol developers, and stakeholders who contribute to the network’s operation and reliability.","The launch of Pyth Network’s permissionless mainnet empowers the Pyth DAO to actively engage and participate in major protocol matters through on-chain governance. Pyth Governance can relate to proposals ranging from the size of oracle update fees to the reward distribution mechanism for data providers to major software upgrades to the on-chain program across Pyth-supported blockchains.","On-chain governance is designed to enable a unified approach to decision-making in the Pyth Network community, involving various stakeholders like decentralized applications, capital market infrastructural providers, and DeFi participants.","Both examples highlight the effectiveness of decentralized governance models in fostering community participation, ensuring transparency and aligning the interests of all stakeholders towards the collective success of the project. Through thoughtful community consensus mechanisms, these models offer blueprints for managing decentralized networks in a democratic and efficient manner.","Community can also play a pivotal role in the adoption of Web3 projects as a positive force for evangelism and grassroots educational initiatives.","Enthusiastic community members are known to take it upon themselves to spread word about projects they believe in: they may share personal research, customer experiences, and even their own community anecdotes to friend groups and even the wider public. These movements can widens the reach of a Web3 protocol or initiative to new audiences and help articulate a project’s value proposition. Community-driven initiatives, such as user-generated content, tutorials, meetups, and online discussions can all help foster a welcoming, helpful community that attracts like-minded members.","Consider another example of a community-driven initiative: On November of 2021, ConstitutionDAO was formed as a Web3 community to purchase an original copy of the US Constitution in a Sotheby’s auction. Through viral posts on X and earned media, the group ultimately raised over $47 million in ETH, giving rise to eye-catching headlines. While they ultimately lost the bid to the Constitution and subsequently disbanded, ConstitutionDAO remains a telling example of how a community’s rallying cry can bring about attention from Web3 and even mainstream media.","Although definitions may vary, Web3 communities are typically categorized by netizens as ‘healthy’ or ‘toxic’. One can characterize a ‘healthy’ crypto community by a number of ideal attributes: active, organic participation by community members; transparency from involved stakeholders; mutual respect among community members; open dialogue and opportunities for collaboration; and the possibility for submitting public, constructive feedback to help guide the project. It is worth noting that these community values are conducive to second-order outcomes such as diversity of thought, inclusivity, and a shared sense of purpose and integrity among community members.","Building and maintaining a community that fits these standards can be challenging. Common obstacles to healthy community building include:","Token Distribution: Perceptions of unfair token distributions or centralization in ownership and voting power can discourage wider community participation, as the majority of members may feel their contributions or votes have little impact on the project’s direction.","Governance Disputes: Disagreement on key decisions or the direction of the project can lead to factionalism, reducing the overall cohesion and effectiveness of the community. These disputes often stem from differing visions, interests, or interpretations of the project’s principles. If not managed properly, disagreements can hinder progress, slow down decision-making, and even lead to forks of the project.","Fraudsters and Malicious Actors: Bad actors may try and infiltrate a community to raid or damage a project. Common attack vectors include eroding project credibility (smearing, ‘FUD’ campaigns), exploiting community members (scams, phishing), protocol exploits (zero-day hacks, social engineering), and governance exploits (voting in malicious proposals, treasury raiding). Combating fraud requires vigilance, education, and robust security measures.","Misinformation: In worst case scenarios, Web3 communities can fall prey to deception and misinformation campaigns. The motivations for can range from zero-sum thinking, attachment to personal enrichment, or general tribalism. Thoughtful community-led coordination on educational initiatives, combined with a refreshed commitment to the core principles of the project, are some of the most effective ways countering disinformation campaigns.","As a final note on this topic, it is important for community managers and ambassadors to be aware of these realities: these negative factors are direct determinants of ‘toxic’ community environments, as they discourage genuine participation and divert focus from the project’s core objectives.","This exploratory article ends with some positive notes on best practices for Web3 projects looking to build and nurture healthy communities.","Establishing a shared ambition that the community perceives as credible, valuable, and worthwhile is the essential starting point for community building. Important first steps therefore include establishing clear community guidelines, promoting transparency as part of internal and external processes, and championing open communication between stakeholders. Over time, it is recommended that projects implement robust conflict resolution mechanisms to facilitate decentralized decision-making.","There are a myriad ways to translate this strategic template to effective tactics. Here are some ideas for community managers to integrate across social channels:","Foster Open Communication: Create multiple channels for dialogue, from open forums to regular public events like AMAs to keep the community informed and engaged.","Implement Inclusive Governance: Involve the community in decision-making processes through voting mechanisms or meaningful feedback collection to ensure that members feel their voices are heard.","Promote Transparency: Share regular, clear updates on project development, challenges, and successes. Transparency builds trust and keeps the community aligned with the project's goals.","Recognize and Reward Contributions: Acknowledge and reward active community members for their contributions: examples include public recognition and exclusive access to events and product features.","Encourage Education and Learning: Provide resources, workshops, and discussions that empower community members with knowledge about the project’s technology and the broader ecosystem.","Cultivate a Positive Culture: Establish and enforce clear community guidelines to promote respect, inclusivity, and constructive interactions.","Provide Robust Support: Offer timely support to address community member inquiries and concerns.","As the blockchain industry continues to evolve, the countless communities supporting the wider ecosystem will evolve as well. Nevertheless, some aspects of community building in Web3 remain constant.","The collective power of these communities extends beyond technological innovation: it can bring about societal and cultural transformations to the way we use and build on the Internet. Through decentralized governance, shared knowledge, and collective action, crypto communities have the potential to challenge traditional financial system and empower individuals globally to retake control of their financial lives.","The Pyth Network community is a great place to start such a journey. Join the official Pyth Network Discord and stay up to date on X.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/why-community-matters"},"/blog/the-dawn-of-the-council-newsletter-51":{"version":1,"title":"The Dawn of the Council | Newsletter #51 - Blog - Pyth Network","description":"Pyth Network delivers bi-weekly DeFi updates. Price Feed Council elected, over 300 dApps powered, and now powers 90%+ of TVS across 10 chains.","keywords":"","h1":["The Dawn of the Council | Newsletter #51"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulations","Technology and Development","Stablecoins","Ecosystems","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network delivers bi-weekly DeFi updates. Price Feed Council elected, over 300 dApps powered, and now powers 90%+ of TVS across 10 chains.","Newsletter","Apr 16, 2024","Welcome to the Pythiad, the official newsletter of the Pyth Network. Biweekly updates on all things DeFi await you below. Let’s get started.","On March 29, the inaugural Price Feed Council was elected and approved by the Pyth DAO, selecting the 7 Pythians who will be signers of the Price Feed Multisig Wallet. Learn more here.","As of March 20, over 300 dApps are now officially powered by the Pyth Network.","As of March 19, Pyth powers more than 90% of TVS on 10 chains and more than 50% on another 7 chains.","The SEC is attempting to classify Ether as a security. If the SEC moves forward with regulating Ether, it could potentially put the regulator in conflict with the U.S. Commodity Futures Trading Commission.","Sam Bankman-Fried, the founder of FTX, is sentenced to 25 years in prison.","Litecoin becomes the second best-performing cryptocurrency after being declared a commodity by the CFTC.","Vitalik explains at ETH Taipei that a primary challenge for Ethereum’s proof-of-stake mechanism is potential centralization stemming from general staking activity.","Starknet, an Ethereum L2, plans “parallel execution” to mimic Solana’s speed feature.","The 13,900 nodes supporting the Ethereum network are now running more than 1 million validators, with 26% of the supply staked.","Gyroscope, a Galaxy Ventures-backed stablecoin project, is introducing a high-yield liquidity pool that seeks to generate returns from trading, rehypothecation of assets, and loyalty points.","Decentralized stablecoin project Frax Finance moves forward in reinstating protocol fee switch by introducing a new proposal.","Solana leapfrogs Ethereum on DEX volume – all thanks to memecoins.","Ethereum L2 adoption is soaring after the much-anticipated Dencun upgrade that went live on March 13.","Etherescan is giving Google data that now shows Ethereum Name Service wallet balances in search results.","BlackRock debuts BUIDL, its first tokenized fund on Ethereum. Coinbase is chosen as a key infrastructure provider for the new fund.","Daily volume on Base network sees 51% surge to $356 million, and its total value locked has also reached a new all-time high: $745 million.","The daily total net inflow for the spot bitcoin ETFs in the United States was $183 million as of March 28.","According to a blogpost from Galaxy Asset Management (GAM), the firm reported over $10 Billion in AUM. This is a result of skyrocketing institutional interest in digital assets.","The Bitcoin crash on BitMEX on March 18 showed $BTC valued under $9K for 7 minutes. Now, the exchange is under an “unusual activity” investigation.","Yield Guild Games announces the launch of its token on the Ronin Network to reach more gamers in the Web3 community.","Immutable’s Mobile Ethereum RPG, “Guild of Guardians,” will be released in May.","Aptos Labs has announced the launch of Aptos GameStack: a development suite that eases crypto game production – with Google Cloud’s help.","Solana-based shooter “Nyan Heroes” is offering double the rewards in its current play-to-airdrop campaign starting March 30.","This week, we’ve received some amazing artwork by Pythians greg_vzla, drops2021, @kais7sol, and @leeland_sol. Keep up the good work, everyone!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-dawn-of-the-council-newsletter-51"},"/blog/new-pyth-data-provider-time-research":{"version":1,"title":"New Pyth Data Provider: Time Research - Blog - Pyth Network","description":"Pyth Network expands its data provider community with Time Research, a crypto trading firm. They’re boosting reliable, real-time crypto price feeds.","keywords":"","h1":["New Pyth Data Provider: Time Research"],"h2":[],"h3":["Who is Time Research?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands its data provider community with Time Research, a crypto trading firm. They’re boosting reliable, real-time crypto price feeds.","Data Providers","Apr 3, 2024","Today, the Pyth Network welcomes Time Research, a team of traditional and crypto trading veterans, to the Pyth data provider community.","Time Research is now contributing its proprietary data for cryptocurrencies to help secure the Pyth Price Feeds and the oracle’s coverage of digital asset price feeds. This partnership is another important step towards unlocking reliable, real-time price data for blockchain developers.","Time Research is a crypto trading firm founded in 2019. They focus on developing sophisticated strategies and innovative tools for quantitative trading across a wide array of crypto assets in both CeFi and DeFi space.","Owners and creators of unique price data like Time Research make the Pyth Price Feeds possible. The Pyth Network’s data providers play an important role in enabling continuous access to dependable, low-latency price data for smart contract developers on any blockchain.","Learn more about Pyth Network","Learn more about Time Research","Apply to become a data provider","Meet the Pyth Network's data providers","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-time-research"},"/blog/pyth-price-feeds-launch-on-the-parallel-network":{"version":1,"title":"Pyth Price Feeds Launch on the Parallel Network - Blog - Pyth Network","description":"Parallel Network launches 450+ price feeds, enabling builders to create innovative DeFi applications across chains. \n","keywords":"","h1":["Pyth Price Feeds Launch on the Parallel Network"],"h2":[],"h3":["Pyth Price feeds on Parallel","Parallel Network","Pyth Network","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Parallel Network launches 450+ price feeds, enabling builders to create innovative DeFi applications across chains.","Blockchains","Apr 5, 2024","The Pyth Price Feeds are now available on the Parallel Network, the first omni-chain restaking L2 that unifies liquidity from any chain into one place. This deployment will empower builders on Parallel to build the future of finance on-chain.","Indeed, as of today, smart contract developers on the Parallel Network can now access and build with 450+ low-latency price feeds for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds.","\"We're excited to work with Pyth to secure our price feeds”, said Yubo Ruan, Founder and CEO, Parallel Network. “As the largest and most trusted oracle network, we will work closely with Pyth to ensure secure and accurate market data for Parallel and its products.”","With the 450+ Pyth Price Feeds now live and permissionlessly usable on the Parallel Network, DeFi is ready to bloom.","And as a matter of fact, the Pyth oracle is already securing the Parallel Super App. The Parallel Super App, stands as an integrated platform that offers a comprehensive suite of DeFi products including lending, staking, trading, and more across diverse networks. The Parallel Super App boasts $82m+ in TVL across its EVM and Polkadot products. Combining it's Super App and L2, Parallel will significantly enhance the omni-chain liquidity and restaking experience.","Parallel Network is the first omni-chain restaking L2 that focuses on decentralized, secure, restaking with EigenLayer. Backed by $30 million in investment from Sequoia, Polychain, Founders Fund, and more, Parallel Network aims to enhance the omni-chain experience through efficient restaking, lending, and liquidity.","To learn more, please visit their website or documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $5.0B. Pyth supports over 400 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Explore the resources below and get started with Pyth Data. If you have any questions, please feel free to reach out.","You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are in the pipeline. If you would like to request a new data feed, you can reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Entropy","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-the-parallel-network"},"/blog/how-defi-empowers-financial-inclusion-and-accessibility":{"version":1,"title":"How DeFi Empowers Financial Inclusion and Accessibility - Blog - Pyth Network","description":"Financial exclusion remains a major global issue, impacting 1.5 billion adults worldwide lacking basic banking services, fueling inequality.","keywords":"","h1":["How DeFi Empowers Financial Inclusion and Accessibility"],"h2":["The Impacts of Financial Exclusion","How DeFi Disrupts the Status Quo","How DeFi Services Enhance Financial Inclusion","Overcoming Barriers to Data and Market Access with DeFi","Challenges and Limitations for DeFi","Future Prospects and Strategies for an Inclusive DeFi"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Financial exclusion remains a major global issue, impacting 1.5 billion adults worldwide lacking basic banking services, fueling inequality.","Education","Apr 16, 2024","As of 2024, financial exclusion persists as a systemic global challenge. Many individuals and groups around the world are still restricted from essential financial services. This disparity in access impedes economic empowerment and exacerbates inequality.","According to the World Bank, approximately 1.5 billion adults worldwide remain unbanked, with limited or no access to basic financial services. In the US alone, there are 6 million unbanked individuals. These statistics underscore an urgent need for innovative solutions to promote financial inclusivity and bridge the gap between underserved communities and mainstream financial services.","Decentralized finance (DeFi) promises to deliver such a solution by leveraging the blockchain's capabilities to establish secure, fair, and universally accessible financial solutions for anyone with access to the Internet.","This blog post will delve into how DeFi fosters financial inclusion and the challenges the industry faces in achieving widespread accessibility.","Many individuals, especially those in rural or impoverished regions, find themselves barred from the traditional banking system, unable to open accounts or secure loans. The impacts of this exclusion are far-reaching:","Reduced Economic Participation: Limited access to financial services restricts the ability to engage in essential economic activities such as investing, trading, and saving money via savings accounts.","Stifled Entrepreneurship: Lack of access to capital and the inability to open a bank account to hold that capital makes it almost impossible to start and grow a business, restricting individuals from taking charge of their financial destinies.","Decreased Investment Pool: A smaller capital base available for investment impacts overall economic growth and widens the gap between the financially secure and those who are not.","Hindered Economic Empowerment: Limited financial services access impairs the economic empowerment and progress of individuals and communities.","DeFi refers to blockchain-based financial applications that can deliver consumer and banking-style services without traditional intermediaries such as banks or brokerages.","To achieve this disintermediation, DeFi leverages smart contracts to facilitate operations such borrowing, lending, and trading of on-chain capital in a permissionless, transparent manner.","Consider the core characteristics of DeFi and contrast them with the fundamental properties of traditional finance (TradFi):","Openness—DeFi protocols often embrace the values of open-source and censorship resistance, enabling widespread access for users. In contrast, TradFi services may be confined by regulatory frameworks, geographic boundaries, and even financial barriers (minimum deposits, customer profiling).","Permissionlessness—Participants can engage in DeFi ecosystems without requiring approval from a centralized authority. DeFi apps empower virtually anyone to create wallets and transact on-chain, democratizing access to important services. In comparison, TradFi platforms often demand extensive documentation and vetting processes (KYC, KYB, AML checks) for services such as account opening, loans, or investment access.","Disintermediation—DeFi seeks to remove intermediaries from financial transactions. While traditional finance relies heavily on banks and brokers, DeFi leverages blockchain and smart contracts to enable direct peer-to-peer transactions and automate processes which typically require centralized parties in TradFi. Disintermediation enables DeFi services to reduce transaction costs and processing times, while enhancing transparency and innovation through composing with other DeFi apps.","Self-Custody—DeFi enables cryptographically secured self-custody, wherein users retain full control over their digital assets through hot and cold wallets—without relying on third parties. Self-custody emphasizes personal responsibility for asset security. Traditional finance, in contrast, operates on trust in financial institutions to custody your funds.","Let’s explore some concrete examples of DeFi services and how they can help expand financial opportunities for underserved populations:","Microloans—small, short-term loans provided directly to borrowers, often without traditional credit assessments.","Microloans enable individuals in underbanked communities to access funds for small businesses or personal needs, fostering entrepreneurship and financial independence.","Flash Loans—unsecured loans borrowed and repaid within a single blockchain transaction.","Flash loans democratize arbitrage, market-making, and self-hedging activities, providing opportunities for individuals with limited capital or do not have significant upfront funds.","Peer-to-Peer (P2P) Lending—direct loans between individuals, bypassing traditional financial intermediaries.","P2P lending platforms connect lenders and borrowers globally, offering access to credit and investment opportunities irrespective of geographic boundaries.","Affordable Remittance Services—services facilitating fund transfers between parties, often across borders, at lower costs compared to traditional banking channels.","DeFi-powered remittance services reduce fees and processing times, facilitating affordable money transfers for migrant workers and supporting economic stability in their communities.","Inclusive Savings Platforms—platforms providing interest-earning options on deposits, accessible to users worldwide.","These platforms offer a secure and profitable avenue for individuals to save money, particularly in regions with volatile currencies or limited access to traditional banking services.","Decentralized Exchanges (DEXs)—platforms enabling direct digital assets transactions and exposure without intermediaries.","DEXs provide a more accessible entry into the cryptocurrency market, with lower fees and no account restrictions.","DeFi services are unique in their reduced transaction fees, faster processing speeds, and openness. DeFi primitives, or fundamental building block solutions, have emerged throughout the past few years. These primitives include matching services, capital pools (such as AMMs), borrow and lending platforms, service aggregators for reducing search costs, and data oracles.","Other Web3 and even Web2 applications integrate with DeFi primitives to power a new layer of services. Data oracles, for example, can securely bring real-world data to the blockchain for applications to tap into. What makes oracles especially interesting is that the data they bring on-chain is what unlocks both new markets for DeFi services and information services for Web3 users in general.","Different oracles focus on different types of data, ranging from sports betting results to weather data. Some blockchain oracles specialize in first-party financial data—the price data from live market activity around the world by market participants.","Oracles that can legally access specialized forms of data, such as real-time equities data, unlocks this type of data not just for Web3 developers, but for the wider world who otherwise can only access a delayed version of this data.","The Pyth Network is a prime example of a first-party data oracle that enables access to otherwise inaccessible types of data for everyone, such as live equities and exchange-traded funds prices. The Pyth oracle achieves this by incentivizing data providers to share their proprietary data to the protocol. The Pyth Network then generates live continuous price feeds of this data: these price feeds are permissionless and not hidden behind traditional paywalls.","This initiative democratizes access to high-quality, real-time financial data crucial for informed decision-making. By fostering an open-access ecosystem, the Pyth oracle ensures broader accessibility to valuable financial data previously restricted by cost or access limitations. This level of transparency levels the playing field, empowering individuals and smaller entities to engage more fully in financial markets and DeFi applications, which depend on accurate and timely information.","Pyth Data is accessible through a user-friendly price feeds page and a number of public API services. The Pyth oracle is the first time many of these data sets have been made open to the public.","DeFi is not without its challenges in adoption and scaling. Here are some key limitations:","Technical and Educational Hurdles—DeFi platforms often pose difficulties for non-technical users. These platforms currently predominantly cater to Web3 savvy individuals and developers. The industry commonly recognizes that it needs to streamline and simplify the UX of engaging with DeFi.","Security Concerns—DeFi is known for its high-profile protocol hacks and exploits, which undermine user trust. The rapid development pace of DeFi projects may overlook or take shortcuts with security testing and audits.","Regulatory Uncertainty—Industry commentators frequently cite the absence or ambiguity regulatory frameworks as a major challenge to the development and use of DeFi services.","To realize the promise of financial inclusion through DeFi, continued innovation, collaboration, and regulatory efforts are imperative. Coordinated efforts between governments, NGOs, and the private sector will go a long way in helping harness the transformative potential of decentralized finance to empower individuals financially.","This effort will most likely require a combination of user education, security guidelines, and regulatory clarity. By addressing these challenges, the wider blockchain ecosystem can unlock DeFi's full potential and usher in a more inclusive, empowered financial landscape.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-defi-empowers-financial-inclusion-and-accessibility"},"/blog/new-pyth-data-provider-portofino-technologies":{"version":1,"title":"New Pyth Data Provider: Portofino Technologies - Blog - Pyth Network","description":"Pyth welcomes Portofino Technologies, a crypto startup, to enhance its price feed coverage with crypto data & support blockchain developers.","keywords":"","h1":["New Pyth Data Provider: Portofino Technologies"],"h2":["Who is Portofino Technologies?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth welcomes Portofino Technologies, a crypto startup, to enhance its price feed coverage with crypto data & support blockchain developers.","Data Providers","Apr 10, 2024","Today, the Pyth data provider community welcomes Portofino Technologies, a crypto native technology start-up specializing in market making, token services, and Web3 investments.","Portofino Technologies will contribute its proprietary data on cryptocurrencies to help secure the Pyth Price Feeds coverage of digital asset price feeds, and support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers globally.","\"We are excited to collaborate with Pyth Network and the team on its journey as a decentralized data provider. We look forward to leveraging our in-house proprietary market making technology and experience to contribute to the growth of the Pyth ecosystem” — Leo Lancia, CEO and Co-Founder","Portofino Technologies is a Switzerland-based market maker with 25+ employees based in both London and Zug.","Portofino deploys its in-house proprietary market making technology to trade on centralized, decentralized and OTC digital asset markets, and provides token services and treasury management to Web3 companies.","Headquartered in Zug, Switzerland, Portofino is a member of the Financial Services Standards Association (VQF), the UK FCA and the BVI Financial Services Commission under the Virtual Assets Service Providers Act","\"Pyth’s low-latency oracle and innovative data technology, will be the foundation and growth of DeFi. We are extremely excited to partner with the Pyth team and look forward to enabling our proprietary technology to help contribute to the overall Pyth ecosystem.\" – Shane O'Callaghan, Global Head of Business Development","The Pyth Network welcomes more data partners to join the ecosystem to support the largest and fastest-growing decentralized marketplace for institutional-grade financial data for smart contract developers.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Portofino Technologies","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-portofino-technologies"},"/blog/where-pyth-is-now-q1-2024":{"version":1,"title":"Where Pyth is Now | Q1 2024 - Blog - Pyth Network","description":"Web3’s DeFi boom & Web2’s AI disruption are reshaping the internet. Decentralized finance and generative AI are driving major change.","keywords":"","h1":["Where Pyth is Now | Q1 2024"],"h2":["Highlights","The Ecosystem in Numbers"],"h3":["Who Isn’t Powered by Pyth?","The Banks are Joining Pyth","New Pyth Product Launch: Entropy","Pyth Councils Elected. Pyth Governance Reigns","Pyth Retrospective Airdrop: Phase 2","Research by Douro Labs into Liquidation Fragmentation","Pandemonium in the Discord","The Pyth Network Today","Powered by Pyth","The On-Chain World United","Volumes at an All-Time High","Pyth Secured Value","Your New Oracle of Choice","All of DeFi Calls on Pyth","Even More Data Feeds"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","The Launch of the Inaugural Price Feed Council | Mar 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Web3’s DeFi boom & Web2’s AI disruption are reshaping the internet. Decentralized finance and generative AI are driving major change.","Updates","Apr 12, 2024","The Internet has rapidly transformed in the past year.","In Web3, decentralized finance is experiencing a renaissance, spearheaded by perpetual derivatives, hybrid approaches to scaling, liquid staking, and meme token culture. DeFi has become cool again, and the wider ecosystem is feeling the chaos.","Meanwhile in Web2, the advent of large language models and generative AI content is disrupting the way content creators and consumers interact. “AI-powered” tooling does not explain where their answers come from; foot traffic and ad revenue does not reach the original proprietary data sets. The open internet could very well shrink, as data owners privatize their content for monetization.","Where does the Pyth Network fit into this cross-fire?","The Pyth contributors envision a world where smart contract developers, and builders across the Internet in general, can readily access market data upon its creation. The value of financial data—asset prices, recent trades, recent buy and sell information—rapidly erodes with time. Financial applications, DeFi or CeFi, are as valuable as the data securing their operations.","Past solutions of fetching, scraping, or duplicating publicly available data to pass to downstream blockchain users are not sustainable in a world where data privatization is the new norm. Even crypto trade data on CEXs—unusual in their open accessibility—is migrating behind paywalls.","As decentralized finance expands, and the traditional capital markets system begins adopting on-chain rails and tooling, the role of the data oracle becomes evermore paramount.","The Pyth Network serves more than 330+ applications across 55+ blockchains, has secured $300B+ in cumulative trading volume, and currently offers 500+ real-time price feeds across traditional and digital asset classes.","The drivers behind this growth: Pyth scales to where developers are, provides the data they need no matter where they choose to build, and does so without compromise to the reliability, precision, and latency needs of an audience that grew up in Web2.","The ways we behave online and on-chain are in flux: even so, the Pyth Network continues to secure the value we transact globally and power the applications we rely on. This blog post highlights the oracle network’s recent accomplishments and growth this past quarter.","Who isn’t Powered by Pyth these days? The Pyth Network secures one out of four DeFi protocols, according to the latest DefiLlama statistics. By the measure of the Pyth contributors, that percentage is much higher: more than 330 on-chain and off-chain applications rely on Pyth Data for their mission-critical operations.","The main drivers behind the adoption of Pyth Price Feeds: low-latencies updates, comprehensive asset coverage, and full-suite availability across all the chains where developers want to build.","Latency matters for precision and security. This has been a core tenet of the Pyth thesis since day one. Price updates every 400ms enable next-generation DeFi services.","Asset selection makes a world of difference for protocol founders too. Developers seek to offer the markets and services their users demand—from newly launched digital assets to more traditional instruments. Traders appreciate choice.","By extension, the full suite of 500+ Pyth Price Feeds are available on all Pyth-supported blockchains, meaning developers can tap into the markets their users enjoy, no matter where they choose to deploy.","Pyth Network sources data from first-party sources and active market participants: traders, market makers, exchanges, and DEXs. By March 2024, the banking world started joining the Pyth Network mission too.","Nomura’s digital asset subsidiary, Laser Digital, has joined the Pyth data provider community to contribute its own digital and traditional assets price data to strengthen the oracle network’s data coverage. Laser Digital is the first from the banking world to not only join the Pyth Network, but also engage the Web3 world as a direct and live price data contributor.","The addition of Laser Digital to the Pyth data provider community is a significant milestone for TradFi and DeFi. The Pyth oracle offers a unique channel for the traditional banking sector to explore the on-chain world. In turn, the decentralized finance benefits from enhanced access to market data upon its origination—price data from time T(0).","Pyth Entropy, a new solution for on-chain random number generation for powering unpredictable outcomes, launched on EVM mainnet, including on Arbitrum, Blast, Chiliz Chain, Mode, LightLink, and Optimism.","While legacy solutions for on-chain RNG exists, they require strong trust assumptions or complicated cryptography. Pyth Entropy is based on a two-party commit-reveal protocol—a well-known protocol in the cryptography space for RNG. Entropy is designed to be easy to integrate, reliable, and responsive.","Entropy is positioned to secure a wide range of decentralized use cases: prediction markets and parimutuels, NFTs and generative art, social media and gaming, and more. Decentralized applications across gaming and entertainment chains have started integrating with Entropy, such as SlashToken on Chiliz Chain, and FLAP and Fungible Flip on Blast.","Pyth Governance is responsible for important protocol parameters ranging from update fees to the reward distribution mechanism for data providers, as well as software updates to on-chain programs and how price feeds are listed on Pyth.","The Pythian Council and Price Feed Council are elected by the Pyth DAO, which will delegate specific powers and important actions to both councils.","The Pythian Council is made of eight members who are signers of the Pythian Multisig Wallet. Pyth Improvement Proposals (PIPs) which can be delegated to this council include upgrades to the oracle program, setting of data request fees per blockchain, along with other protocol or network fees, and more. The Pyth DAO Constitution explains the roles, powers, and procedures for governance.","On March 7, the Pythian Council members were elected and approved by the Pyth DAO. Members hail from Synthetix, HMX, Wormhole Foundation, Douro Labs, Solend, and the Pyth Data Association.","The Price Feed Council is made of seven members who will be signers of the Price Feed Multisig Wallet. PIPs delegated to this council can include managing the list of price feeds available through Pyth, the selection of data providers, the setting of the minimum number of data providers per price feed, and more.","On March 29, the Price Feed Council members were also elected and approved by the Pyth DAO. Members come from Synthetix, NOBI, Douro Labs, Swissborg, ReactorFusion, and the Pyth Data Association.","Operational Pyth Improvement Proposals are already being passed. Community members may stake their PYTH Governance Tokens in order to participate in on-chain governance and collectively help shape the network. Get involved today and make your voice heard!","The first phase of the Pyth Network Retrospective Airdrop program was announced on November 2023. PYTH Tokens were distributed to over 90,000 wallets across 27 blockchains and 200 apps in this initial phase.","The second phase of the airdrop oversaw the distribution of PYTH Tokens to over 160 decentralized applications powered by Pyth Data. These protocols span the EVM, Cosmos, Rust, and Move ecosystems, and depend on Pyth to power their swaps, settlements, and transactions.","Readers may look forward to announcements from many of the contributors and founders behind these applications on how they plan to utilize their allocations.","DeFi does not have to be a dark forest, according to the contributors at Douro Labs in a research article series on MEV or “Maximal Extractable Value.”","Their first paper offers a taxonomy into MEV and dispels the idea that MEV is inevitable or necessarily opaque. In fact, MEV emerges from suboptimal protocol design due to the tradeoff between value capture and complexity. An examination into different MEV mitigation techniques reveals the need for a solution which mitigates complexity for both the protocol and searchers.","More specifically, the status quo in protocol design admits pain points for these two parties: liquidations typically leak value unnecessarily to miners; searchers must deal with fragmentation of liquidations between protocols.","You can find this research series and its developments here.","The Pythian community is entering a new golden era. The Pyth Discord is now home to more than 80K Pythians—an increase of 120% since January 1. All newcomers are welcome. Discord is the place to be for Pyth DAO members, for Pyth Governance, and for Web3 denizens to relax and share ideas with likeminded individuals.","The Pyth social channels are home to many regular events, from Poker Nights to Mindful Mondays. The Discord holds regular UFC Watch Parties, Gaming Hours, and other spectacles for all to participate. Community event ideas are always welcome. Don’t hesitate to let the admins know!","Many have compared the Pyth ecosystem to an AirBnB model or Spotify streaming service for financial data: creators and owners of critical data can participate in the economics of the Pyth decentralized marketplace. Downstream users benefit from secure, direct access and, over time, a greater selection of assets to choose from.","Today, the Pyth oracle network sources data from market makers, proprietary trading firms, decentralized exchanges, centralized and traditional liquidity venues, and recently, investment banks and fintech players.","The data user side of the equation spans a vast array of DeFi primitives: decentralized exchanges, perpetual futures and derivatives, lending platforms, structured product vaults, stablecoin protocols, trading data analytics, decision intelligence solutions, and more.","The growth metrics below offer a helpful visualization of just how much the Pyth Network has grown this quarter and for the past year, from adoption to feature offerings.","The Pyth Network stands at more than 330 identified integrations with Web3 and Web2 applications. This number indicates growth in users by at least 175% TTM.","“Identified” is a nod to the permissionless nature of integrating with Pyth Price Feeds. In line with the mission of Web3, any protocol can tap into Pyth’s price data without contacting a sales team. In other words, any application can become Powered by Pyth without letting the Pyth contributors know. Hence, the application integrations count is always a conservative estimate.","The Pyth Network is the leader in this mission, serving 56 blockchains and ensuring continual, reliable access to hundreds of low-latency data feeds per chain.","Over the years, the Pyth contributors have found that smart contract developers share the same end vision for DeFi: a seamless experience which abstracts away the current complexities of liquidity fragmentation, blockchain interoperability, and service access.","Pyth’s cross-chain oracle approach equips DeFi apps to focus on delivering the best user experience, without having to worry about their choice of blockchain. This is a critical first step towards bringing DeFi to where it needs to be: mainstream, hidden, and powering what matters in our day to day.","Total volume secured by Pyth’s oracle data is another great metric for tracking usage and adoption. The beginning of April oversaw the Pyth Network exceeding $300B in cumulative volume secured over the oracle protocol’s lifetime.","March was an exceptionally active month for the Powered by Pyth applications, especially for the Solana, Arbitrum, Optimism, and Blast ecosystems. This month alone oversaw the Pyth oracle securing $87B in traded volumes.","Total Value Secured (TVS) is the oracle-powered subset of total locked value (TVL) for smart contracts. TVS tells mostly a story about lending and pool-based operations. In March, the Pyth Network surpassed $7.0B in TVS. The continual growth in Pyth-powered TVS shows both the resurgence of DeFi as the industry rushes into what feels like the next bull market, and increasing traction of Pyth Price Feed across DeFi outside of perpetuals and swaps.","Nevertheless, Total Value Secured (TVS) as a standalone metric does not indicate much about an oracle’s real growth due to the metric’s contextual nature. If TVL grows due to macro considerations, then the TVS for oracle should rise accordingly.","The Pyth TVS by L1/L2 chart above provides important additional framing: the Total Secured Value (oracle-powered TVL) for any blockchain offers another way for proxying oracle marketshare. Consider the chains where the Pyth Network dominates in TVS, from the Move realm (Aptos and Sui) to Cosmos (Sei, Injective, and Osmosis) to ZK chains like zkSync and Linea. In these chains, the Pyth oracle secures an overwhelming amount of locked value across applications, showcasing that Pyth is the oracle of choice for those these ecosystems.","Nevertheless, TVS only tells one side of the growth story. The Pyth Network’s low-latency and high-fidelity data capabilities makes it the oracle of choice for many derivatives applications—which often generate large volumes and do not sport large TVL metrics. For this reason, one can see more Pyth dominance across blockchains when looking at the percentage of trading volume secured overall for that chain at a snapshot in time.","The Traded Volume Secured by L1/L2 chart above highlights the DeFi ecosystems where Pyth is both a first-mover and the premier, if not only, oracle provider. In other words, there are blockchains where Pyth is the premier DeFi oracle enabling trading-based activity. One can see this dominance across the Cosmos and Move worlds, as well as high throughput alternative L1s and L2s such as Injective, Linea, Mode, and Fantom.","The Pyth data providers stream price data to the Pythnet app-chain every 400ms. Whenever a user wants to consume a price update and verify its origination from Pythnet, they pay a small on-chain fee and pull that price to their environment for everyone to use.","The number of price update requests or pulls provides insight into the activity of the overall DeFi industry and for specific blockchain ecosystems. The graph above shows the number of average daily average price updates (DAUs) at approximately 3M updates. While oracle update fees are currently de minimis, Pyth Governance can vote to set both the size and denomination of these fees. Revenues generated by the Pyth protocol currently sit on-chain; collective governance will decide the next course of action.","The Pyth Network now offers more than 500 real-time price feeds across digital assets, foreign exchange pairs, metals, equities, and exchange-traded funds. More data feeds means more available markets and features for protocol developers to launch.","The community continues to request a number of exotic assets, including those not available on-chain. Price feeds for traditional assets such as energies, agriculture, and even treasury rates, for example, could unlock portfolio diversification strategies on-chain for sophisticated participants. The recent rise of liquid staking tokens (LSTs) and liquid re-staking tokens (LRTs) have taken protocols and blockchain go-to-market launches by storm.","Reach out and let the contributors know what data feeds you would like to see next.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Mar 29, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-pyth-is-now-q1-2024"},"/blog/defi-use-cases-beyond-banking-real-estate-gaming-and-more":{"version":1,"title":"DeFi Use Cases Beyond Banking: Real Estate, Gaming, and More - Blog - Pyth Network","description":"DeFi’s evolution expands beyond finance, integrating blockchain into real estate & gaming, driving Web3 adoption and transforming asset management.","keywords":"","h1":["DeFi Use Cases Beyond Banking: Real Estate, Gaming, and More"],"h2":["The Foundation of DeFi","DeFi and Real Estate","DeFi and Gaming","Other Emerging DeFi Use Cases","The Impact of DeFi Across Industries"],"h3":["Benefits of Using DeFi in Real Estate","Challenges and Considerations of Using DeFi in Real Estate","Benefits for Players and Developers","Challenges and Considerations of GameFi"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi’s evolution expands beyond finance, integrating blockchain into real estate & gaming, driving Web3 adoption and transforming asset management.","Education","Apr 25, 2024","DeFi is undergoing a rapid evolution, expanding beyond its origins in banking and finance to drive innovation across various industries and pave the path for widespread adoption of Web3 technology.","This blog post will delve into the integration of blockchain technology into sectors like real estate and gaming and more, illuminating DeFi’s transformative impact on asset acquisition, management, and exchange.","At the heart of DeFi lies the utilization of smart contracts—autonomous agreements with terms encoded directly into the blockchain. These contracts enable the automation and execution of financial transactions, eliminating the need for conventional intermediaries such as banks and corporations.","Understanding the foundational principles of DeFi unveils its potential to reshape industries beyond the confines of traditional finance alone.","Transparency: In DeFi, all transactions and interactions with smart contracts are transparently recorded on the blockchain, accessible to anyone without the need for permission from a central authority. This transparency fosters trust among users by enabling the verification of transactions and the inner workings of DeFi protocols. This feature enables participants to audit the financial and governance activities of DeFi protocols, including actions such as fund management and rule enforcement.","Accessibility: Unlike traditional finance, which often imposes barriers such as minimum balances, credit checks, and geographical restrictions, DeFi platforms are open to anyone with an internet connection. This inclusivity democratizes access to financial markets, enabling individuals worldwide, including those in unbanked or underbanked regions, to participate in borrowing, lending, trading, and accessing a diverse array of financial products.","Efficiency: DeFi harnesses the power of blockchain technology and smart contracts to automate financial transactions and enforce agreements without the need for intermediaries. This automation reduces the time and costs associated with transactions in traditional finance, such as manual processing and verification by third parties. Consequently, DeFi offers faster transactions and more competitive rates for financial services due to reduced operational costs, giving rise to powerful capital markets and innovative financial products.","In the real estate sector, the tokenization of real estate assets presents a paradigm shift by tackling enduring challenges while ushering in increased liquidity, reducing barriers to entry, streamlining the transaction process.","Let's explore the potential impacts of tokenization and fractional ownership of property in the real estate sector:","Tokenization and Fractional Ownership: Tokenization, at its essence, involves the conversion of asset rights into digital tokens on a blockchain. This process facilitates fractional ownership, or the ability for investors to acquire tokens representing a fraction of the underlying asset. By democratizing access to real estate investments, tokenization lowers entry barriers and injects liquidity into markets previously characterized by high costs and lengthy investment periods. Investors can obtain fractionalized exposure to otherwise inaccessible assets—with reduced transaction fees and intermediary processes.","Tokenized Real Estate: In the real estate sector, tokenization digitizes physical properties into blockchain-based tradable assets. Tokenization creates a new sub-class of assets which enables portfolio diversification for investors, expedites transaction settlements by moving everything on-chain, and maintains transparent ownership records on a public ledger.","Tokenized Digital Assets of Property Deeds: Tokenizing property deeds entails the creation of digital representations of real estate ownership documents which can be securely stored on the blockchain. This data preservation method ensures immutable and auditable ownership records. Tokenization can help mitigate the risk of fraud, streamlines property management, and establishes clear records of property histories and ownership transitions.","Enhanced Liquidity: DeFi platforms facilitate the tokenization of property assets, converting real estate into digital tokens that can be easily traded or transferred. This process simplifies the complex and time-consuming processes of buying and selling property. Consequently, real estate investments become more liquid and fungible.","Reduced Entry Barriers: Thanks to fractional ownership, investors can enter the real estate market with smaller capital investments. Reducing financial barriers for real estate exposure democratizes access to this asset class. A broader range of investors can participate in real estate markets and diversify accordingly.","Global Reach: DeFi is inherently accessible to global market participants. Accordingly, investors from anywhere in the world can engage in markets for tokenized real estate.","Regulatory Hurdles: The integration of DeFi rails into the real estate sector may give rise to regulatory concerns. Issues such as property rights, tokenization compliance, and investor protection will need clear legal frameworks to accommodate the unique attributes of blockchain-enabled real estate markets.","Market Adoption: The traditional real estate sector is entrenched in established processes, which may pose hurdles to the adoption of DeFi-enabled systems. Skepticism or lack of understanding among traditional investors and institutions to cryptographically-secured assets presents challenges to adoption. Overcoming these obstacles requires the wider community to demonstrate the value and security of DeFi-based real estate assets.","The intersection of DeFi and gaming has given rise to GameFi, a Web3 vertical of gaming meets finance and play-to-earn models of user engagement. GameFi enables players to potentially accrue economic interest from in-game activities such as completing tasks, battling other players, or trading in-game assets.","Here are some popular examples of DeFi-powered games and platforms:","The Sandbox: The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using platform’s utility token.","In this game, users can purchase digital plots of land as NFTs and develop them with games, assets, or interactive experiences. Players earn by creating and selling assets in the marketplace or by designing games that others can pay to play.","Battlebound: Battlebound is a blockchain-based game that features turn-based combat and card collecting mechanics. Players can earn tokens through battles, tournaments, and completing quests. Players can also earn and collect NFT-based cards representing different characters, abilities, or items. These cards can be used in battles or traded in the marketplace, allowing players to monetize their strategic prowess and collection.","Crypto Unicorns: Crypto Unicorns is a blockchain-based game centered around collecting, breeding, and battling unique unicorn NFTs. The game combines elements of farm simulations and RPG within a fantastical universe.","Players can breed unicorns to create offspring with rare traits or strong abilities, which can then be used in battles or farm management to earn rewards. Unicorns and farm produce can be sold or traded as NFTs, providing a way for players to earn from gameplay.","New Economic Models","Players: In GameFi, players engage in gameplay and stand to potentially earn from playing. This feature paves thew way for players to accrue real-world value and participate in virtual economies.","Developers: GameFi allows developers to tap into new revenue streams outside of traditional game sales or in-game purchases.","Ownership of Assets","Players: In GameFi, players obtain actual ownership of in-game assets (e.g., characters, items, land) via non-fungible tokens. Web3-enabled ownership can enable speculative, creative, and sentimental value for players.","Developers: GameFi fosters robust secondary markets for in-game assets, which can drive long-term engagement from interested players who are interested in the speculative or aesthetic value of these assets.","Incentivization","Players: Players can receive direct rewards for participation, contribution, and progression within the game.","Developers: Game designers can build ecosystems that encourage sustained engagement, community building, and content co-creation with players. These activities are conducive to more vibrant and self-sustaining game worlds.","Scalability","Network Congestion: As GameFi projects grow in popularity, the underlying blockchain networks can become congested. This can lead to slower transaction times and higher fees, which may affect gameplay and deter players.","Cross-Chain Interoperability: Many GameFi projects aim to operate across multiple blockchains to enhance accessibility and asset liquidity. However, achieving seamless interoperability can be technically challenging.","Security Concerns","Smart Contract Vulnerabilities: GameFi platforms rely on complex smart contracts to manage in-game assets, rewards, and transactions. Smart contract exploits can lead to theft or loss of assets.","Fraudulent Actors: The GameFi space is relatively new and highly lucrative. As a result, it has attracted fraudulent projects that employ deceptive practices or steal funds, undermining trust in legitimate ecosystems.","The versatility and transformative potential of DeFi technology is disrupting other industries which stand to benefit from disintermediation, greater transparency, and inclusivity:","Decentralized Insurance: Decentralized insurance protocols aim to democratize access to insurance coverage to make the process more transparent, accessible, and equitable. By automating claims processing and payouts through smart contracts, these platforms can offer faster, more reliable services without the traditional barriers and biases of centralized insurance companies.","Enhancing Transparency and Efficiency: DeFi rails are helping revolutionize supply chain management by providing a transparent and immutable ledger of transactions and product movements. This approach enhances efficiency by automating contractual obligations and payments, and increases trust among all stakeholders through verifiable, tamper-proof records.","Intellectual Property and Royalties: DeFi is streamlining the management of intellectual property and the distribution of royalties. Thanks to smart contracts, creators can automatically receive payments for their work based on predefined criteria, ensuring fair compensation and reducing administrative overhead.","Art and Collectibles: NFTs have transformed the art and collectibles market by enabling digital ownership, provenance, and transferability of unique assets. Artists and collectors can buy, sell, or trade assets in smart contract enabled markets. Authenticity and ownership history of each piece is immutably stored in a public ledger for verification of authenticity.","There is no denying that DeFi is driving innovation and disrupting traditional business models across diverse industries.","Through mechanisms like fractional ownership, DeFi empowers individuals to invest in assets previously beyond their reach, allowing them to own fractions of real-world assets (RWAs) such as real estate or art. This not only expands investment horizons but also injects liquidity into historically illiquid markets. The potential long-term ramifications of DeFi's expansion are wide, promising to reshape the way we think about ownership, investment, and wealth distribution across sectors.","However, the future of DeFi is not free of obstacles. The complexities of introducing DeFi rails to traditional sectors introduces initial frictions for first-time users. Moreover, the evolving regulatory landscape introduces uncertainty for users and builders, potentially dissuading participation from traditional financial entities.","The trajectory for DeFi demands a concerted focus on innovation, proactive engagement with regulatory bodies, and the cultivation of a robust, inclusive community. By embracing these principles, the DeFi space can navigate these challenges and unlock its full potential to redefine the financial landscape and the traditional sectors of our economy.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/defi-use-cases-beyond-banking-real-estate-gaming-and-more"},"/blog/the-pyth-universe-expands-newsletter-52":{"version":1,"title":"The Pyth Universe Expands | Newsletter #52 - Blog - Pyth Network","description":"Pyth Network delivers strong DeFi growth: $7B TVS, $87B trading volume, and secures 56 blockchains. Bi-weekly updates available.","keywords":"","h1":["The Pyth Universe Expands | Newsletter #52"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulations","Technology and Development","Stablecoins","Ecosystems","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Dawn of the Council | Newsletter #51","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network delivers strong DeFi growth: $7B TVS, $87B trading volume, and secures 56 blockchains. Bi-weekly updates available.","Newsletter","Apr 16, 2024","Welcome to The Pythiad, the official newsletter of the Pyth Network. Ready to hear what’s new? Biweekly updates on all things DeFi await you below. Let’s get started.","March was a big month for Pyth Network:","The network facilitated over $7.0 billion in TVS and $87.1 billion in trading volume–64% of that volume came from non-Solana chains.","To date, the Pyth oracle secures 56 blockchains.","Q1 is officially over. Here are the major highlights from the official report:","The investment banks are joining Pyth, starting with Nomura’s digital assets subsidiary, Laser Digital.","Pyth’s community growth is unmatched, with a 120% increase since January.","New Pyth product for random-number generation: Entropy, which is currently live on Blast, Chiliz Chain, and more.","Phase 2 of Pyth’s Retrospective Airdrop is complete.","Pyth Governance is running smoothly. Councils are elected. As always, the community awaits your ideas and feedback.","Coinbase files an interlocutory appeal in its case against the SEC, claiming substantial grounds for differences of opinion.","Hong Kong could approve spot Bitcoin and Ether ETFs as early as Monday.","JP Morgan analysts believe there is a 50/50 chance that the SEC rejects spot Ethereum ETFs next month.","The congestion issues on Solana have resulted in slower transaction processing and higher drop rates, which is why Solana's validator client team, Anza, has released proposed congestion fixes on devnet.","TON Foundation is partnering with HashKey to drive crypto on-ramping in Telegram.","Pectra, Ethereum’s up-and-coming upgrade, could include relief for institutional stakers and wallet UX improvements.","First Digital is expanding the usage of its stablecoin, FDUSD, among DeFi users. To date, FDUSD has become the fourth-largest stablecoin with a market cap of $3.3 billion.","Layer 1 blockchain developer Berachain raises $100 million in Series B funding co-led by Framework Ventures and the Abu Dhabi branch of Brevan Howard Digital.","BlackRock Bitcoin ETF continues to rise, crossing $15 billion in total gains.","Bitkub, the Thai crypto exchange, could be valued as high as $3 billion in its upcoming IPO.","Kraken, one of the biggest centralized crypto exchange platforms in the world, is planning on delisting $XMR, a popular privacy-focused altcoin in two European nations in the coming months.","Kaidro, the anime RPG, rises on Mavis Market after a successful launch on ronin.","Nova Frontier X, a new mobile game, is set to launch on April 16th, and will allow players to battle in space with NFT spaceships.","This week, we’ve received some amazing artwork by Pythians PapiChuloGrim, Naheed, Zarp, and mailtolemos. Keep up the good work, everyone!","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-pyth-universe-expands-newsletter-52"},"/blog/pyth-price-feeds-launch-on-morph":{"version":1,"title":"Pyth Price Feeds Launch on Morph - Blog - Pyth Network","description":"Morph testnet launches Pyth Price Feeds, integrating ZK tech & optimistic rollups. Developers gain access to 500+ real-time price feeds.","keywords":"","h1":["Pyth Price Feeds Launch on Morph"],"h2":[],"h3":["Pyth Data and Morph","Morph","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Morph testnet launches Pyth Price Feeds, integrating ZK tech & optimistic rollups. Developers gain access to 500+ real-time price feeds.","Blockchains","Apr 24, 2024","Today marks the launch of Pyth Price Feeds on Morph testnet, an innovative Layer 2 seeking to redefine the Ethereum scaling experience by combining the strengths of ZK technology and optimistic rollups. Smart contract developers joining the consumer blockchain revolution can now tap into over 500 real-time price feeds across traditional and digital asset classes.","This partnership oversees the deployment of the Pyth oracle on Morph to secure its decentralized finance ecosystem. This blog post offers a deep dive into this strategic partnership below.","\"The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space.\" — Cecilia, Co-Founder and CEO of Morph","Morph stands behind a consumer blockchain revolution—focused on bringing a secure, decentralized, cost-effective, and high-performant EVM-equivalent rollup for Web3 builders.","Morph focuses on scalability and decentralization. The Layer 2 chain introduces a sequence network to promote efficiency, reduce operational overhead, and ensure true decentralization of the network. Morph combines optimistic rollups with its innovative Responsive Validity Proof and ZK-proofs to verify state.","The deployment of the Pyth pull oracle will empower DeFi protocols on Morph to permissionlessly request or “pull” price updates from the Pythnet appchain on demand. The gas efficiency of Pyth’s innovative pull architecture ensures that downstream users in the Morph ecosystem always benefit from continual access to high-frequency market data and the most recently updated price.","For more information about Morph, please visit their website or documentation. Pyth is currently available on Morph using the Pyth Stable price sources accessible through Hermes Stable. You can find the testnet profile and contract address here.","Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero knowledge rollup technology to enable limitless possibilities in finance, gaming, social media, and entertainment.","Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning it with several core principles of Web3 — decentralization, censorship resistance, and security.","The blockchain was built with mainstream audiences like gamers and social media users in mind, making it a user-friendly option for developers who require a chain to build these types of apps on.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $5.0B. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $300B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Morph community, you will soon see many more tokens supported on the network as well as Morph applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-morph"},"/blog/new-pyth-data-provider-cables-finance":{"version":1,"title":"New Pyth Data Provider: Cables Finance - Blog - Pyth Network","description":"Cables Finance joins Pyth network, supplying crypto/FX data to enhance real-time price feeds. Supporting blockchain price data access.","keywords":"","h1":["New Pyth Data Provider: Cables Finance"],"h2":[],"h3":["Who is Cables Finance?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Cables Finance joins Pyth network, supplying crypto/FX data to enhance real-time price feeds. Supporting blockchain price data access.","Data Providers","May 15, 2024","The Pyth data provider community is excited to welcome Cables Finance, a suite of products including a hybrid DEX built on the Avalanche blockchain, to the network.","Cables Finance is contributing its proprietary data on cryptocurrencies and FXs to help secure the Pyth Price Feeds in their coverage real-time assets, and support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers.","“We are thrilled to continue our mission of bringing reliable FX on-chain by providing Pyth with accurate TradFi data. Through this partnership, real-time FX data can be available directly on the blockchain for a global development network.” – Benjamin Goldberg, Product Lead at Cables Finance","Cables is building a unified DeFi and Cefi liquidity layer, aiming to bring FX on-chain.","Cables has built a suite of products on the Avalanche and Stellar blockchains, supporting both DeFi and CeFi users through a multi-chain DEX and stablecoin bridge.","Cables is revolutionizing the aging, monopolized foreign exchange (FX) industry and strengthening the young cryptocurrency industry by bringing blockchain rails to the FX markets, as well as bringing FX liquidity and trading products to the stablecoin market.","By bridging established centralized technology with the transparency and efficiency of decentralized technologies, Cables is creating a blended, balanced, and trusted ecosystem for finance to be executed on-chain.","The Pyth Network community welcomes more amazing data partners to join their ranks and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Cables Finance","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cables-finance"},"/blog/pyth-price-feeds-launch-on-eclipse":{"version":1,"title":"Pyth Price Feeds Launch on Eclipse - Blog - Pyth Network","description":"Pyth Price Feeds launched on Eclipse testnet! Secure Solana DeFi apps with real-time price data from Ethereum & Celestia.","keywords":"","h1":["Pyth Price Feeds Launch on Eclipse"],"h2":[],"h3":["Pyth Data on Eclipse","Eclipse","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds launched on Eclipse testnet! Secure Solana DeFi apps with real-time price data from Ethereum & Celestia.","Blockchains","May 9, 2024","Today marks the launch of Pyth Price Feeds on Eclipse testnet, the first Solana Virtual Machine (SVM) Layer 2 combining Ethereum’s security, Solana’s performance, and Celestia’s DA.","Smart contract developers building on Eclipse can now tap into over 500 real-time price feeds across traditional and digital asset classes. The deployment of the Pyth oracle on Eclipse will help secure its native DeFi applications with high-fidelity, high-frequency price data.","This blog post delves into this strategic partnership and the critical role the Pyth Network plays in the Eclipse ecosystem.","\"Now that Pyth price feeds are available on Eclipse, developers can build high-powered onchain DeFi applications directly on an Ethereum L2. Since we use the Solana Virtual Machine, developers can access reliable price data that is updated much more frequently than other blockchains, and as a result, unlock a vast array of high-frequency dApps.\" — Vijay Chetty, CEO of Eclipse Labs.","“Eclipse leads in modular technology by fusing Ethereum's security with Solana's performance. It shares numerous synergies with Pyth Network, as both utilize Solana VM to achieve high throughput and low latency performance. We eagerly anticipate how Pyth's price feeds will enable exciting DeFi applications in this new paradigm.” — Mike Cahill, CEO of Douro Labs.","Eclipse is redefining the Ethereum Layer 2 landscape by harnessing the Solana Virtual Machine's capabilities for unmatched speed and scalability for developers. Applications on Eclipse require low-latency data and fast update speeds to maintain high throughput DeFi services. The integration of the Pyth pull oracle, coupled with Eclipse's rapid block times, ensures that developers on Eclipse benefit from high-frequency price updates and continual access to the most recently updated price.","Neptune Protocol allows users to mint USDN, a stablecoin soft-pegged to the US dollar. USDN is minted on flexible terms and gives users instant access to the Eclipse ecosystem.","Solend is an algorithmic, decentralized lending and borrowing protocol on Solana and soon to be available on Eclipse.","Mango Markets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine — launched on Solana, Mango is soon expanding to Eclipse.","Clone is the home of non-native token trading on Solana—where anyone can get exposure to ‘clone’ (synthetic) assets like SUI, OP, ARB, DOGE, and many more directly on Solana and soon on Eclipse.","Decalls is building the ultimate prediction platform on Solana (and soon Eclipse) where anyone can wager on whether the price of an asset will rise or fall within a specific period.","For more information about Eclipse, please visit their website or documentation. Pyth is currently available on Eclipse using the Pyth Stable price sources accessible through Hermes Stable. You can find the testnet profile and contract address here.","Eclipse, utilizing the Solana Virtual Machine, stands out as an Ethereum Layer 2 that combines speed, security, and scalability.","Designed to support demanding applications in finance and gaming, Eclipse enables developers to build high-performance applications aligned with core Web3 principles. The Ethereum Layer 2 leverages the SVM as its execution layer to enhance transaction throughput, benefiting from features like parallel execution and isolated fee markets.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network secured more than $2.0B in total value and now supports over $7.0B. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in total trading volume across over 55 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","We look forward to supporting your team in building the future of finance on Eclipse. Explore the resources below to get started. If you have any questions, please reach out.","Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.","Explore Pyth","Documentation","Best Practices","How the Pull Oracle Works","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-eclipse"},"/blog/pyth-price-feeds-launch-on-xion":{"version":1,"title":"Pyth Price Feeds Launch on Xion - Blog - Pyth Network","description":"Xion launches Pyth Price Feeds, offering developers 500+ real-time crypto & asset prices via a new blockchain for user adoption.","keywords":"","h1":["Pyth Price Feeds Launch on Xion"],"h2":[],"h3":["Pyth Data and Xion","Xion","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Xion launches Pyth Price Feeds, offering developers 500+ real-time crypto & asset prices via a new blockchain for user adoption.","Blockchains","May 14, 2024","Today marks the launch of Pyth Price Feeds on Xion, the first blockchain purpose-built for consumer adoption by enabling seamless user experiences for everyday users through crypto abstraction. Smart contract developers building on Xion can now tap into over 500 real-time price feeds across traditional and digital asset classes.","This partnership oversees the deployment of the Pyth oracle on Xion to empower developers to leverage Pyth’s reliable, high-quality data to build the next generation of decentralized consumer applications that drive mass adoption. This blog post offers a deep dive into this strategic partnership below.","\"The integration with Pyth's industry-leading oracle will empower developers with high-frequency data feeds to build the next-generation of consumer applications.\" - Burnt Banksy, core contributor at XION","XION is a layer one blockchain designed to enable global mainstream adoption through crypto abstraction. It simplifies user interactions by abstracting the complexities of blockchain technology across multiple dimensions including accounts, signatures, gas fees, interoperability, pricing, devices, and payments. This enables the creation of innovative Web3 projects aimed at bringing decentralized technologies to mainstream audiences globally.","The Pyth pull oracle will enable applications on Xion to request or \"pull\" price updates permissionlessly from the Pythnet appchain as needed. Thanks to the gas-efficient design of Pyth's pull architecture, downstream users in the Xion ecosystem will always have consistent access to high-frequency market data and the latest price updates.","The integration with Pyth opens up new avenues for developers on XION to create groundbreaking consumer-facing applications. By leveraging Pyth's permissionless access to off-chain data, developers can ensure their applications always have the most up-to-date and accurate information, reducing latency and minimizing pricing discrepancies. This enables the creation of more responsive and reliable applications that can react to market changes in real time. In combining XION's Generalized Abstraction capabilities with Pyth's comprehensive data products, developers are well-equipped to build towards a future where Web3 is accessible to everyone.","For more information about Xion, please visit their website or documentation. Pyth is currently available on Xion using the Pyth Stable price sources accessible through Hermes Stable. You can find the testnet profile and contract address here.","XION is the first layer 1 blockchain purpose-built for consumer adoption through crypto abstraction. It aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities through Generalized Abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has raised over $30M from industry leaders Animoca, Circle, Multicoin, and more.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 55 blockchains in a secure, transparent manner. Pyth supports 500+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network’s innovative pull oracle design enables apps to \"pull\" the latest price onto their native chain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $2.0B in total value. The Pyth Network has been used by DeFi protocols in over $400B in trading volume and over 350 on- and off-chain applications. You can learn more about Pyth from their website and documentation.","For more information about Pyth, please visit the website and documentation.","We look forward to supporting your team in building the future of Web3 on Xion. Explore the resources below to get started. If you have any questions, please reach out.","Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.","Explore Pyth","Documentation","Best Practices","How the Pull Oracle Works","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-xion"},"/blog/unstoppable-growth-newsletter-53":{"version":1,"title":"Unstoppable Growth | Newsletter #53 - Blog - Pyth Network","description":"Pyth Network’s DeFi updates: $4.4B data growth, $110B+ volume facilitated across 23 chains, and expanding ecosystem grants.","keywords":"","h1":["Unstoppable Growth | Newsletter #53"],"h2":["What’s New with Pyth","What's New with DeFi","Community Shoutout"],"h3":["Regulation","Technology and Development","Stablecoins","Ecosystems","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s DeFi updates: $4.4B data growth, $110B+ volume facilitated across 23 chains, and expanding ecosystem grants.","Newsletter","May 19, 2024","Welcome to the Pythiad, the official newsletter of the Pyth Network. Did you miss us? Biweekly updates on all things DeFi await you below. Let’s get started.","In May, Pyth Data secured $4.4B – a 160% increase since the start of 2024.","In the last month alone, the Pyth pull oracle facilitated over $110B in total traded volume – a 17x increase over last year.","Pyth has facilitated 90% or more of total traded volume on 23 chains.","The Pyth Ecosystem Grants Program has officially launched with 50M PYTH Tokens available. Explore opportunities for community members, developers, and researchers.","May 19, 2024 (2 PM UTC) oversaw the first unlock of the PYTH Token supply. Please see the Tokenomics blog post for more.","President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.","FalconX has settled with the CFTC and will pay $1.8 million for its failure to register as a futures commission merchant.","Robinhood Crypto has been served notice of impending enforcement action by the SEC, joining the list of companies targeted in the SEC’s crypto industry crackdown.","Commentators believe that a drop in the price of Bitcoin coupled with reduced mining rewards means fewer miners and a less robust network.","The Build on Bitcoin (BOB) project announced the launch of its first phase.","The developer behind Bitcoin’s Lightning Network, Lightning Labs, has tested a protocol that allows stablecoins to be issued on the Bitcoin blockchain.","The Philippines central bank will begin controlled trials of a national stablecoin pegged 1:1 to the local peso.","Coinbase’s $1.6B quarterly profits are boosted by stablecoins.","GameStop’s share price has doubled, fueling a surge in GameStop-themed memecoins on Solana.","Dogecoin pumps as the GameStop rally kickstarts a memes frenzy.","Rain, the Bahrain-based crypto exchange, fell pretty to a $14.8 million exploit on April 29.","Japanese cryptocurrency exchange Coincheck expects to complete its listing on Nasdaq in the second or third quarters through a merger with Thunder Bridge Capital Partners IV.","DYdX Founder Antonio Juliano is set to step down as CEO of the decentralized exchange.","Mobile giant Supercell, the company behind the smash games Clash of Clans and Clash Royale, has invested in a crypto gaming startup.","Notcoin’s NOT token, which will be minted on The Open Network (TON), will be listed later this month and will be supported by Binance, OKX, and Bybit.","Solana Labs announced a collaboration with Google Cloud to bring its blockchain game development platform GameShift to Google Cloud’s ecosystem.","The Pythians continue to send in amazing artwork. Thank you to Pythians D_MACDO, atrocityexhibition, and mailtolemos. Keep it up!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","Apr 16, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/unstoppable-growth-newsletter-53"},"/blog/pyth-price-feeds-launch-on-orange-avalanche-subnet":{"version":1,"title":"Pyth Price Feeds Launch on Orange—Avalanche Subnet - Blog - Pyth Network","description":"Orange launches Pyth Price Feeds, empowering Web3 developers to build and monetize virtual worlds with real-time asset data.","keywords":"","h1":["Pyth Price Feeds Launch on Orange—Avalanche Subnet"],"h2":["Pyth Price Feeds on Orange","What’s Next?"],"h3":["Orange","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Orange launches Pyth Price Feeds, empowering Web3 developers to build and monetize virtual worlds with real-time asset data.","Blockchains","May 22, 2024","This blog post marks the launch of Pyth Price Feeds on Orange, a Layer 1 blockchain focused on User Generated Content (UGC) tools for gaming, AI, and metaverses. This deployment will support Web3 developers in creating and monetizing virtual worlds using the Orange UGC platform.","Developers on Orange can now tap into over 500 real-time data feeds for digital and traditional assets. The Pyth Network’s pull oracle will empower Orange users with reliable access to the lowest-latency price updates on-chain. Pyth’s permissionless nature makes integration and composability seamless.","\"By teaming up with Pyth, Orange is harnessing the power of real-time financial data to supercharge the GameFi ecosystem on our platform. This collaboration not only boosts transparency but also opens the door to exciting new possibilities for both creators and users.” — Wayne, CMO of Orange Web3","Orange is positioned as a comprehensive ecosystem for empowering communities, rewarding creators, and simplifying the integration of blockchain into the world of gaming and the metaverse. Orange offers a suite of tools and infrastructure for creators and developers to build engaging virtual worlds:","GameFi Economy Creation—for building and managing in-game economies and financial systems.","Leaderboards and Reward Systems—for engaging players and fostering competition.","AI Avatar Creation—for crafting unique digital personas.","Voice-Activated Asset Builders—for easy in-game and in-world asset creation.","NFT Deployment—for simplifying the launching of NFTs within games.","The integration of the Pyth Price Feeds into the Orange ecosystem will empower the creation of UGC games and virtual worlds for its developers. Access to sub-second price information for digital assets, for example, can help ensure that in-game transactions are based on the most current and accurate data. Pyth’s rapid update frequency enables safer and responsive consumer solutions, which are important elements for establishing a smooth user experience and trust in the platform.","“The potential of pull oracles in enhancing creator platforms are largely untapped, and we're all geared up to explore this frontier. Together with Pyth, we're setting the stage to empower and elevate the next wave of Web3 creators.” — Wayne, CMO of Orange Web3","Orange is a Layer 1 blockchain platform focused on providing user-generated content (UGC) tools for Web3 environments, with a particular emphasis on gaming, AI integration, and the metaverse. It aims to democratize access to these tools, empowering creators and developers to unleash their creativity while governing the network's direction through token governance. Orange facilitates community engagement and collaboration through regular cohort workshops, fostering an ecosystem where creators drive the platform's evolution.","For more information, please visit Orange website and documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","Pyth secures over $5B in TVL and powers over 350 protocols. The network offers more than 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in trading volume across over 50 blockchains.","For more information about Pyth, please visit the website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Orange community, you will soon see many more tokens supported on the network as well as applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Oracle","Pyth Entropy","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-orange-avalanche-subnet"},"/blog/pyth-ecosystem-grants-program":{"version":1,"title":"Launch of Pyth Ecosystem Grants Program - Blog - Pyth Network","description":"Pyth Data Association launches a $50M grants program to support community-led development & education initiatives for the Pyth Network.","keywords":"","h1":["Launch of Pyth Ecosystem Grants Program"],"h2":["The Purpose of the Ecosystem Grants","Closing Remarks"],"h3":["Community Grants","Research Grants","Developer Grants"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Data Association launches a $50M grants program to support community-led development & education initiatives for the Pyth Network.","Announcements","May 16, 2024","Today marks the launch of the Pyth Ecosystem Grants Program by Pyth Data Association, with 50M in PYTH grants being made available to eligible community members.","This grants program aims to encourage community members to share their ideas and insights about the Pyth Network with the wider Web3 community and contribute to its development through educational and research initiatives.","The program will have three categories. Each category focuses on a different goal for the development and expansion of the Pyth Network.","The program will oversee the distribution of PYTH Tokens to applicants. These Tokens come from the Ecosystem Growth tokenomics category of the supply. All three categories will distribute grants of both unlocked and locked Tokens.","Pyth Network is enabling a new generation of decentralized finance. By opening access to low-latency, high-frequency, and high-fidelity price data to developers everywhere, Pyth makes high throughput on-chain applications possible for the first time. Today, Pyth Network powers more than 350 applications across over 55 blockchains and has facilitated over $400 billion in traded volume.","Pyth Network is operated by the Pyth DAO, following a decentralized governance model to enable its diverse stakeholders and contributors to collectively shape the network to better serve the DeFi space. In a decentralized network, thoughtful incentives can encourage stakeholders to contribute to protocol development, educate new people about the technology, and inspire new contributors to take part.","For these reasons, Pyth Data Association is launching the Pyth Ecosystem Grants Program. The program offers three categories of grants: Community Grants, Research Grants, and Developer Grants. The purpose of these grants is to empower the Web3 community to create educational content about Pyth and foster a welcoming, entrepreneurial community; conduct research to improve the Pyth oracle and encourage adoption; and build new tooling and use cases for the Pyth protocol. It is worth noting that this grants program by the Pyth Data Association does not preclude the potential for a separate grants program managed by the Pyth DAO.","The grants program will oversee the distribution of grants of either unlocked or locked PYTH tokens to participants of any category. All grants in the program come from the Ecosystem Growth category of the PYTH Token supply.","The Ecosystem Growth tokenomics category, which comprises the majority of the total supply, is set aside for incentivizing research to advance the Pyth protocol, guiding the creation of complementary tooling and infrastructure, and supporting educational initiatives about the Pyth Network. These initiatives span community members who contribute to the network as education partners, researchers, developers, data providers, and more.","The Pyth Network community is diverse and covers 55+ chains. This is because Pyth is designed to scale rapidly to new ecosystems and new data feeds to serve developers, wherever they choose to build. Over the years, the Pyth community has welcomed founders, builders, and users from EVM, Solana, Move, Cosmos, Bitcoin, and more. The multi-cultural and multi-chain nature of the Pyth community paves the way for a unique social dynamic that can foster innovative ideas, cross-chain collaborations, and a welcome environment for onboarding the next million Web3 participants.","Community Grants will be used to foster an entrepreneurial, inclusive, and passionate community space for all Pyth Network participants. These grants can guide individuals to co-create unique and interesting content, engage in constructive discussions and social activities, and collaborate on educational, entertaining, or productive grassroots initiatives.","In the long-run, a vibrant and thoughtful community dynamic can play an important role in helping spread awareness of the Pyth Network, educating new community members, and establishing a welcoming, inclusive environment for participants to realize their full potential within the network.","Commmunity members can learn more about Community Grants (also known as Impact Awards) in the Pyth Ecosystem Grants page and the Grants channel in the Pyth Discord.","Today, hundreds of protocols rely on Pyth Price Feeds, Benchmarks, and Entropy. There are over 500 price feeds updating at sub-second speeds on the Pythnet appchain. Benchmarks provides standardized, historical prices for precise settlements and chart visualizations. Entropy offers a reliable source of randomness for creative and financial services.","Pyth Network was founded on applied research and thoughtful approaches towards innovating in the blockchain space. The protocol’s mechanisms benefit from continuous analysis and iteration. Developers, application users, and other participants of the Pyth Network often hold valuable insights into new features, upgrades, and improvements to the ecosystem.","Research Grants are designed to facilitate the exploration of new network features, areas of improvement, and productive insights for improving the Pyth offerings.","This category will focus on researchers and subject matter experts. The structure of these grants will be bounty-based.","Eligible participants will most likely include the following skillsets, although this list is not exhaustive:","Quantitative and data-driven research.","Blockchain infrastructure development.","Proven community and educational leadership.","High-quality content creation.","Demonstrable Web3 business and commercial expertise.","New Research bounties will be listed in the Pyth Research and Developer Bounties board.","Pyth Network has ushered in an era of decentralized finance that was not possible before. On-chain perpetual markets, structured products and derivatives platforms, and high-performant AMMs rely on Pyth’s low-latency and high-resolution prices. To date, over 350 protocols use Pyth for their mission-critical services.","While there has been constant innovation in the capabilities of on-chain applications, the total number of active users is still dwarfed by the Web2 world: Web3 is still early in the adoption cycle. Opportunities to transform the paradigm of finance abound. Pyth Network was therefore founded to power and enable the next generation of entrepreneurs seeking to disrupt and rebuild the financial markets.","Developer Grants will focus on incentivizing the creation of new tooling to support the protocol’s operations, innovative integrations with the Pyth products, and other valuable development contributions to the network. The structure of these grants will be bounty-based.","Eligible participants will likely possess the following skillsets, though this list is not exhaustive:","Proficiency in blockchain infrastructure or protocol development.","Experience in building and optimizing network infrastructure.","Familiarity with DevOps practices and automation tools.","Familiarity with quantitative and data-driven approaches.","New Developer bounties will be listed in the Pyth Research and Developer Bounties board.","Every contribution helps shape the network's trajectory and spearhead new advancements for the wider DeFi ecosystem secured by Pyth. For this reason, Pyth Data Association has launched the Pyth Ecosystem Grants Program to guide ecosystem members toward development, research, and community initiatives to expand and grow the oracle network. 50M PYTH Tokens will be made available through Community, Research, and Developer Grants. Please see the Pyth Ecosystem Grants page for more information.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-ecosystem-grants-program"},"/blog/new-pyth-data-provider-adaptive-frontier":{"version":1,"title":"New Pyth Data Provider: Adaptive Frontier - Blog - Pyth Network","description":"Pyth Network gains Adaptive Frontier’s market data, enhancing real-time price feeds with data from 20+ trading venues.\n","keywords":"","h1":["New Pyth Data Provider: Adaptive Frontier"],"h2":[],"h3":["Who is Adaptive Frontier?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network gains Adaptive Frontier’s market data, enhancing real-time price feeds with data from 20+ trading venues.","Data Providers","May 23, 2024","Today, the Pyth Network data provider community welcomes Adaptive Frontier, a leader in sophisticated trading technologies and market data solutions.","Adaptive Frontier will contribute its proprietary data, derived from its extensive connectivity to over 20 different trading venues, to help secure the Pyth Price Feeds. This data includes real-time prices for the entire delta one universe, incorporating both centralized and decentralized markets. This contribution will support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers everywhere.","\"Pyth provides an extremely valuable and mission critical decentralized price oracle service for the crypto ecosystem, so we're excited and honored to contribute our sophisticated trading expertise to further improve Pyth's offering. Our partnership manifests another avenue to help increase the pricing transparency and spread the trustless ethos of decentralization for all market participants.\" – Han Chang, co-CEO, Adaptive Frontier","Adaptive Frontier is a pioneer in trading technology, offering a robust suite of market data solutions that span across both traditional and decentralized financial markets.","Adaptive Frontier maintains custom low latency connectivity to over 20 different trading venues, both centralized and decentralized. Their sophisticated algorithms incorporate the entirety of the delta one universe, including dated futures, to distill the price of every delta one product down into a single synthetic price.","The Pyth Network continues to invite more data partners to join the data provider community and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Adaptive Frontier","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-adaptive-frontier"},"/blog/pyth-entropy-on-base":{"version":1,"title":"Pyth Entropy on Base - Blog - Pyth Network","description":"Pyth Network’s Entropy now on Base enables secure, on-chain randomness for Web3 developers. Powering predictions, NFTs, and gaming on the Base ecosystem.","keywords":"","h1":["Pyth Entropy on Base"],"h2":["What is Pyth Entropy","Entropy on Base"],"h3":["Key Use Cases","Advantages of Pyth Entropy"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s Entropy now on Base enables secure, on-chain randomness for Web3 developers. Powering predictions, NFTs, and gaming on the Base ecosystem.","Announcements","May 21, 2024","Pyth Network has launched Entropy on Base as part of an initiative to make on-chain random number generation accessible to Web3 developers building within the Base ecosystem.","This deployment empowers developers on Base to tap into a reliable and secure source of randomness to power financial and creative enterprises such as prediction markets, NFTs, and Web3 gaming.","This blog post explores how Entropy works and what this new Pyth product unlocks for builders on Base.","Pyth Entropy enables smart contract developers to access a reliable and secure source of randomness on-chain. Trustless random number generation (RNG) is crucial for Web3 applications that require unpredictable outcomes, including gaming, NFTs, lotteries, prediction markets, and more.","Gaming and GameFi: Developers can create unpredictable game mechanics or obstacles.","NFTs: Ensures unique minting and random selection processes.","Prediction Markets and DeFi: Facilitates fair and random outcomes for prediction markets, like on-chain roulette or virtual horse racing.","For these applications to be fair and secure, the randomness must be truly unpredictable and resistant to manipulation. Additionally, users expect perfect uptime and quick responsiveness from the applications they use. A reliable, decentralized, and inexpensive source of randomness is essential, as shortcomings in these areas can negatively impact user experience.","Security: Built on a robust commit-reveal protocol, minimizing trust between participants and ensuring truly random results.","Speed: Utilizes a pull design where parties communicate directly on the blockchain, improving speed and simplicity.","Ease of Use: Integration requires minimal code and is permissionless.","Base is an innovative Ethereum Layer 2 incubated by Coinbase designed to enhance scalability and reduce costs for developers and users alike. With its low-cost, developer-friendly features and integrations with Coinbase, Base is well-suited for both DeFi and consumer applications.","Incorporating the Pyth Entropy solution for on-chain RNG empowers Base to support a wider range of decentralized applications and enhance user experience and trust in the platform’s capabilities. As discussed earlier, on-chain randomness is crucial for applications that rely on unpredictability, such as gaming, lotteries, and any protocol that requires fair distribution or selection processes.","The deployment of Entropy aligns with Base’s mission to make blockchain technology more accessible and practical for everyday use cases. This launch complements the earlier integration of Pyth Price Feeds and Benchmarks on Base, which deliver real-time financial market data and performance metrics to dApps on Base. As Base continues to evolve, its integration with the Pyth Network’s services will continue playing a pivotal role in its mission to onboard the next billion users on-chain.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-entropy-on-base"},"/blog/pyth-price-feeds-and-entropy-launch-on-sei-v2":{"version":1,"title":"Pyth Price Feeds and Entropy Launch on Sei V2 - Blog - Pyth Network","description":"Sei V2 launches with Pyth Price Feeds & Entropy, boosting developer flexibility and scalability via ultra-low latency price data.","keywords":"","h1":["Pyth Price Feeds and Entropy Launch on Sei V2"],"h2":["Pyth Data on Sei V2","What’s Next?"],"h3":["Sei V2","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Sei V2 launches with Pyth Price Feeds & Entropy, boosting developer flexibility and scalability via ultra-low latency price data.","Blockchains","May 27, 2024","This blog post marks the deployment of Pyth Price Feeds and Entropy on Sei V2, the first parallelized EVM designed to enhance developer flexibility and scalability. Developers on Sei V2 can now access more than 500 real-time price feeds for digital assets and other major asset classes, along with a secure, reliable source of on-chain random number generation.","The Pyth Network’s pull oracle for price feeds will empower Sei users with permissionless access to ultra-low latency price updates on-chain. Price updates are important for securing next-generation DeFi applications.","Entropy will enable Sei V2 developers to design unpredictable outcomes for Web3 applications across gaming, NFTs, prediction markets, and more.","Sei V2 introduces features designed to enhance blockchain performance and developer experience. The interoperable EVM allows seamless deployment of existing Ethereum applications without modifications, offering a 100x performance improvement and continued support for CosmWasm.","The Pyth pull oracle for price data allows applications to request or \"pull\" price updates permissionlessly from the Pythnet appchain when needed. With Pyth's gas-efficient pull architecture, users in the Sei ecosystem will benefit from consistent access to high-frequency market data and the latest price updates.","Pyth Entropy enables Sei to support a broader array of decentralized applications, enhancing user experience and trust in the platform's capabilities. On-chain randomness is essential for applications that depend on unpredictability, such as gaming, lotteries, and any protocol requiring fair distribution processes.","Sei is a general-purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. The V2 update for Sei makes it the first parallelized EVM. Serving as a new scaling approach for the Ethereum ecosystem while achieving faster speed. After launching in 2022, Sei has grown its ecosystem with teams from Ethereum, Solana, Polygon, Arbitrum, and others deploying soon.","For more information about Sei V2, please visit their website or documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","Pyth secures over $5B in TVL and powers over 350 protocols. The network offers more than 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in trading volume across more than 55 blockchains.","For more information about Pyth, please visit the website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, you can reach out to the community.","You can explore the price feeds available on the website and discover which price feeds are in the pipeline. If you would like to request a new data feed, please reach out in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Oracle","Pyth Entropy","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-and-entropy-launch-on-sei-v2"},"/blog/new-pyth-data-provider-synfutures":{"version":1,"title":"New Pyth Data Provider: SynFutures - Blog - Pyth Network","description":"Pyth Network welcomes SynFutures, a new decentralized protocol providing real-time crypto & Ethereum data for secure price feeds.","keywords":"","h1":["New Pyth Data Provider: SynFutures"],"h2":[],"h3":["Who is SynFutures?","market-making"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes SynFutures, a new decentralized protocol providing real-time crypto & Ethereum data for secure price feeds.","Data Providers","May 28, 2024","Today, the Pyth Network data provider community welcomes SynFutures, a decentralized perpetual futures protocol that facilitates open and transparent trading on any asset and listing instantly.","SynFutures will contribute its market data to help secure the Pyth Price Feeds and align itself with the growing decentralized finance space. This data includes real-time prices for crypto assets and several Ethereum LSTs. This contribution will support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers everywhere.","“SynFutures is dedicated to joining the Pyth MDP network to expand the reach and utilization of its market data, while also aligning itself with the growing decentralized finance space. The partnership can benefit both SynFutures and the Pyth network by increasing data accessibility and supporting the broader adoption of blockchain-based financial applications.” — Rachel Lin, CEO at SynFutures.","SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime.","SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.","With its groundbreaking one-of-a-kind market-making model, Oyster AMM, SynFutures combines the best of the order book and AMM to maximize capital efficiency and appeal to a broad range of traders and investors.","The Pyth Network continues to invite more data partners to join the data provider community and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about SynFutures","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-synfutures"},"/blog/pyth-research-and-developer-bounties-on-superteam-earn":{"version":1,"title":"Pyth Research and Developer Bounties on Superteam Earn - Blog - Pyth Network","description":"Pyth Ecosystem Grants Program expands with Superteam! Researchers & developers now earn through Superteam’s learning & development platform.","keywords":"","h1":["Pyth Research and Developer Bounties on Superteam Earn"],"h2":["Pyth Bounties on Superteam Earn","How to Use Superteam Earn","Submission Guidelines"],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Ecosystem Grants Program expands with Superteam! Researchers & developers now earn through Superteam’s learning & development platform.","Events","May 27, 2024","The launch of the Pyth Ecosystem Grants Program unlocked new opportunities for the wider Pyth Network community, including for researchers and developers. After extensive feedback, Pyth Data Association is proud to announce that the program’s Research and Developer bounties are now available exclusively through the Superteam Earn platform.","Superteam is a community for Web3 talent learning, earning, and building. The Superteam Earn platform aggregates learning and development opportunities by leading Web3 players. Users can explore opportunities for the Pyth Network, select the bounties that interest them, submit their contributions, and earn bounty rewards all in one platform.","This blog post will explain more about the Pyth Network opportunities on the Superteam Earn platform and how researchers and developers can get started Pyth’s bounties today.","The Pyth Ecosystem Grants Program offers a Research and Developers category for ecosystem opportunities in the form of bounties. While these bounties were initially housed in a bounties board by Pyth Data Association, they have now moved to Superteam Earn.","Superteam Earn connects innovative projects with world-class professionals, ensuring that bounties are fulfilled by skilled individuals who understand the nuances of the Web3 space. The Earn platform enables users to create a new profile in just a few clicks and to start participating and earning from listed bounties and other freelance opportunities.","The Superteam Earn platform offers both robust community of crypto-native talent and built-in project management capabilities to efficiently handle bounty submissions and reward distribution. The Earn platform will enhance the quality, accessibility, and impact of the Pyth Ecosystem Grants Program and help foster groundbreaking advancements throughout the Pyth Network ecosystem.","Here are some of the current bounties available (as of time of writing):","Add Methods to Parse Pyth Benchmark Prices on Aptos Contracts","Create a Math Library for Combining Pyth Prices on Solidity","Pyth Pull Oracle on Solana: Testing Stub","Create a Dashboard: Pyth Usage on Sui","Create a Dashboard: Pyth Usage on EVM Chains","Create a Dashboard: Pyth Usage on Aptos","Research Article Topic: Why DeFi Protocols Should Migrate to Pull Oracles","Research Article Topic: How Will Pyth V2 Affect Solana DeFi?","Research Article Topic: Entropy as a New Entrant for On-Chain RNG","Interested in contributing to the Pyth Network as a researcher or through freelance developing? Here’s how you can get started with our bounties on the Superteam Earn platform:","1. Visit the Superteam Earn’s Pyth Network Page: Head over to the Pyth Network page on Superteam Earn. You can create a new profile account using your e-mail.","2. Browse Available Opportunities: Explore the list of opportunities, including Research and Developer bounties. Each bounty will have detailed information about the requirements, rewards, and deadlines.","3. Select a Bounty: Choose a bounty that aligns with your skills and interests. Make sure to read the description thoroughly to understand what is expected.","4. Submit: When you are ready to submit, click on the bounty you selected earlier and follow the submission instructions and any final checklist items.","5. Completion: If your submission is accepted, you will receive your rewards through the Superteam platform.","By following these steps, you can start making impactful contributions to the Pyth Network. Happy bounty hunting!","For more details, visit the Superteam Earn Pyth Bounties Page.","Pyth Data Association looks out for the following common threads in submissions:","Alignment with Web3: The program looks for submissions that embrace the principles and values of Web3, demonstrating a clear connection to decentralized and trustless systems.","Quality and Efficacy: The program seek submissions that exhibit a high level of quality, demonstrates rigorous research methods, robust development processes, and the potential to deliver impactful results.","Innovation and Originality: The program encourages innovative and original ideas that push the boundaries of current knowledge and practices, fostering creativity and exploration within the Web3 ecosystem.","Long-Term Impact: The program prioritizes projects with the potential for significant long-term impact, create sustainable solutions, and contribute to the evolution of Web3 technologies.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-research-and-developer-bounties-on-superteam-earn"},"/blog/pyth-price-feeds-and-entropy-launch-on-taiko":{"version":1,"title":"Pyth Price Feeds and Entropy Launch on Taiko - Blog - Pyth Network","description":"Taiko launches Pyth Price Feeds & Entropy for ZK-EVM smart contracts. Access real-time prices & verifiable randomness for cutting-edge Web3 finance.","keywords":"","h1":["Pyth Price Feeds and Entropy Launch on Taiko"],"h2":["Pyth Data and Taiko","Taiko","Pyth","What’s Next?","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Taiko launches Pyth Price Feeds & Entropy for ZK-EVM smart contracts. Access real-time prices & verifiable randomness for cutting-edge Web3 finance.","Blockchains","May 29, 2024","Pyth Price Feeds and Entropy are now available on Taiko, an Ethereum-equivalent (Type 1) ZK-EVM based rollup. Smart contract developers entering the rollup based world can now tap into over 500 real-time price feeds across traditional and digital asset classes. Seamless access to low-latency prices will position Web3 developers on Taiko to deliver cutting-edge financial services on-chain.","Pyth Entropy delivers verifiable on-chain randomness for Taiko smart contracts. By guaranteeing reliable access to unpredictable outcomes on-chain, Entropy can power a wide variety of consumer and financial services for the Taiko ecosystem ranging from prediction markets to gaming and NFTs. Integration with both Price Feeds and Entropy is permissionless.","The deployment of Pyth Price Feeds on Taiko enables its developers to permissionlessly integrate over 500 price feeds. Taiko is home to DeFi applications which are already leveraging Pyth’s price data:","HANA Finance—A protocol for supercharging liquidity markets by offering users a decentralized protocol where they can lend, borrow, and earn yield on Taiko.","JAX—A decentralized, non-custodial lending protocol designed to facilitate the interaction between liquidity suppliers and borrowers.","KiloEx — a perpetual dex on BNB Chain, opBNB, and Manta Pacific focused on risk management and capital efficiency, offering users lightning-fast trades and an intuitive trading experience.","The launch of Pyth Entropy provides verifiable on-chain randomness for innovative use cases that rely on a fair and trustless source of unpredictability. Entropy positions the Taiko ecosystem to give rise to new parimutuels, gaming, and other creative applications.","For more information about Taiko, please visit their website or documentation. Pyth is currently available on Taiko using the Pyth Stable price sources accessible through Hermes Stable. You can find the profile and contract address here.","“This partnership marks a significant milestone in our dedication to providing a seamless and efficient development environment, making Taiko a leading choice for Ethereum-based projects. Together, we are setting the foundation for a more interconnected and reliable blockchain ecosystem.”","Taiko is an Ethereum-equivalent (Type 1) ZK-EVM, maximally compatible with Ethereum. No additional compiling, reaudits, or tooling needed. Everything is designed to work out of the box.","Taiko demands no additional trust assumptions to Ethereum. As a based rollup with a permissionless and decentralized proposer-prover network from day one, Taiko inherits Ethereum's level of decentralization.","Taiko is a based rollup: the transaction sequencing on Taiko is done by Ethereum validators. Based sequencing is maximally simple and inherits Ethereum's liveness and credible neutrality.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $5B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in total trading volume across over 55 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Pyth Network is designed to help smart contract developers build out the future of finance. Check out the resources below to get started.","You can find the price feeds available on the Pyth Network website and discover which price feeds are in the pipeline. If you would like to request a new data feed, please reach out to the community in the Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Oracle","Pyth Entropy","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-and-entropy-launch-on-taiko"},"/blog/pyth-price-feeds-launch-on-layer-n":{"version":1,"title":"Pyth Price Feeds Launch on Layer N - Blog - Pyth Network","description":"Layer N launches with Pyth Price Feeds, offering developers 500+ real-time price feeds via a new Ethereum StateNet and shared communication layer.","keywords":"","h1":["Pyth Price Feeds Launch on Layer N"],"h2":["Pyth Data on Layer N","What’s Next?","Resources"],"h3":["Layer N","Pyth"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Layer N launches with Pyth Price Feeds, offering developers 500+ real-time price feeds via a new Ethereum StateNet and shared communication layer.","Blockchains","May 30, 2024","This blog post marks the launch of Pyth Price Feeds on Layer N, an Ethereum StateNet and novel Layer 2 network featuring custom VMs powered by a shared communication and liquidity layer.","Thanks to this deployment, protocol developers on Layer N can access over 500 real-time price feeds for cryptocurrencies and traditional assets. Pyth’s pull oracle design empowers Layer N users with continuous access to low-latency, high-frequency price updates on-chain. Integration with the Pyth price oracle is seamless and permissionless, meaning builders starting off on Layer N can tap into real-time price data with just a few lines of code.","Layer N is designed to expand what can be built on-chain by focusing on performance and user experience. In order to achieve this, Layer N enables seamless communication, liquidity sharing, and composability between applications and XVMs without withdrawal periods.","The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Layer N’s performance-centric liquidity and communication environment. Real-time access to granular price feeds that reflect the external markets is necessary for high-throughput DeFi applications: Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network with the mission of Layer N.","Layer N is designed to enhance on-chain capabilities by maximizing performance and user experience. It enables seamless communication, liquidity sharing, and composability between applications and XVMs without withdrawal periods or bridging risks.","Developers can create applications on Layer N by building an XVM or utilizing the public N-EVM instance. Benefits include ultra-low execution latencies, higher throughput, negligible transaction fees, and full composability and shared liquidity across all XVMs.","For more information about Layer N, please visit their website or documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","Pyth secures over $5B in TVL and powers over 350 protocols. The network offers more than 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in trading volume across over 50 blockchains.","For more information about Pyth, please visit the website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Layer N community, you will soon see many more tokens supported on the network as well as applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-layer-n"},"/blog/new-pyth-data-provider-alphanonce":{"version":1,"title":"New Pyth Data Provider: Alphanonce - Blog - Pyth Network","description":"Pyth Network strengthens its data offering with Alphanonce, a crypto firm providing price data for 400+ currencies, supporting reliable blockchain data.","keywords":"","h1":["New Pyth Data Provider: Alphanonce"],"h2":["Who is Alphanonce?","Discover More"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network strengthens its data offering with Alphanonce, a crypto firm providing price data for 400+ currencies, supporting reliable blockchain data.","Data Providers","May 30, 2024","Today, the Pyth Network data provider community welcomes Alphanonce, a crypto trading and investment firm.","Alphanonce will provide price data for 400+ crypto currencies from the major crypto exchange like Binance, Bybit, and others to help secure the Pyth Price Feeds. This contribution will support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers everywhere.","“We are pleased to partner with Pyth as a Market Data Provider. We believe our effort with Pyth will contribute towards price efficiency in decentralized finance and solidification of blockchain ecosystems as a whole.” — Jihun Mun, CEO of Alphanonce","Founded in 2018, Alphanonce is a technology-driven trading firm, operating various quantitative strategies.","Alphanonce has established a strong track record with 6 years of consistent performance.","Alphanonce provides tailored liquidity solutions to projects, leveraging advanced strategies and market insights to optimize liquidity.","The Pyth Network continues to invite more data partners to join the data provider community and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Alphanonce","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-alphanonce"},"/blog/new-pyth-data-provider-keyrock-trading":{"version":1,"title":"New Pyth Data Provider: Keyrock Trading - Blog - Pyth Network","description":"Pyth Network expands its oracle community with Keyrock, an algorithmic trading firm. Keyrock’s expertise boosts DeFi price feeds for secure applications.","keywords":"","h1":["New Pyth Data Provider: Keyrock Trading"],"h2":[],"h3":["Who is Keyrock?","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands its oracle community with Keyrock, an algorithmic trading firm. Keyrock’s expertise boosts DeFi price feeds for secure applications.","Data Providers","Jun 6, 2024","Today, the Pyth Network welcomes Keyrock to its data provider community to contribute data to the oracle network to help power hundreds of DeFi applications across more than 60 blockchains.","Keyrock is an innovative algorithmic trading and market-making company for digital assets and has been pricing assets and scaling liquidity since 2017. Their experience and technical expertise position them to strengthen Pyth’s Price Feeds offering and facilitate a more secure and performant DeFi experience.","With this partnership, Keyrock is now contributing its proprietary market data for crypto, foreign exchange pairs, commodities, and US equities to the Pyth oracle. The Pyth Network aggregates its price data with up to 63 other first-party data providers for any price feed, resulting in a robust and reliable aggregate output to power smart contract operations. Pyth’s price data serves DeFi applications across the EVM, Cosmos, Move, Bitcoin, and Solana ecosystems.","While Keyrock is active in the digital assets space, Pyth Network enables them to become expand their on-chain participation across the decentralized finance space with minimal cost and risk. Furthermore, integrating with Pyth as a data provider empowers Keyrock to earn on the data they generate as a by-product of their daily operations.","“By joining forces with Pyth Network, we can revolutionize on-chain price feeds, enhancing decentralization and security on a global scale. DeFi stands to benefit from the type of data that only an active and experienced market player like Keyrock can deliver. We’re excited to help push the envelope for DeFi and close the gap between the traditional, centralized markets and the decentralized ones.” — Juan David Mendieta, CSO of Keyrock.","Founded in Belgium in 2017, Keyrock is a market maker and liquidity provider building scalable, self-adaptive algorithmic technologies to support efficient asset markets.","Keyrock provides unparalleled liquidity services to tokens, exchanges, and brokerages within the cryptocurrency ecosystem. Thanks to its connections across 85+ trading venues, including CEXs and DEXs, Keyrock excels in collecting pricing data at scale.","Keyrock operates with the vision of democratizing cryptocurrency liquidity through a strict dedication to transparency, operational integrity, and regulatory compliance.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Keyrock","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-keyrock-trading"},"/blog/the-pyth-forum-ascends-newsletter-54":{"version":1,"title":"The Pyth Forum Ascends | Newsletter #54 - Blog - Pyth Network","description":"Pyth Network updates: Pyth Entropy surging with 21k+ random numbers on Blast, plus 3M+ price updates via the pull oracle. Governance recap too!","keywords":"","h1":["The Pyth Forum Ascends | Newsletter #54"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulations","Technology and Development","Ecosystems","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network updates: Pyth Entropy surging with 21k+ random numbers on Blast, plus 3M+ price updates via the pull oracle. Governance recap too!","Newsletter","May 30, 2024","Welcome to the Pythiad, the official newsletter of the Pyth Network. Did you miss us? Biweekly updates on all things DeFi await you below. Let’s get started.","Pyth Entropy is picking up serious traction: Over 21,000 random numbers have been generated in the past 4 days alone on Blast.","Over 3 million paid-for price updates on average throughout April 2024 – all made possible by the Pyth pull oracle...","Pyth Governance Forum recap: Proposal Op. PIP-10 (Optimize Pyth oracle program and decrease compute unit usage of price updates by 10-30%) was passed.","Join the conversation and shape the Pyth Network by signing up for the forum. The Pyth DAO is now discussing how to deploy Pyth Price Feeds on opBNB.","Leveraged Ether ETF to start trading on June 2024.","The House of Representatives passed a crypto market structure bill in an interesting first for the legislature.","Republican Senator Tillis calls for a “light” crypto regulatory framework ahead of the presidential election.","Bankrupt lender Genesis agrees to $2B settlement to repay users.","Ethereum-based domain protocol ENS seeks its own L2, possibly with ZK rollups.","Solana validators are set to get more SOL as a fee proposal passes in favor.","Plume, an L2 Blockchain for real-world assets, pulls $10M in seed funding from Haun and Galaxy.","Ethereum co-founder Joe Lubin says the ETF approval “changes everything.”","Ethereum meme coins PEPE and MOG hit lifetime highs on Ether ETF filing approvals.","Bitcoin spot ETFs now control over 1 million BTC: Grayscale and BlackRock collectively hold more than half of the $70.5B in BTC ETFs funds.","Mt.Gox transferred $9B worth of Bitcoin to a single address as part of its repayment plans.","Binance France replaces Changpeng Zhao with two new shareholders to comply with EU regulations.","Binance secures a full virtual-asset services provider license in Dubai.","Sandbox launches a DAO in order to allow token holders to contribute to the game’s future.","A tickle-to-earn cat game prompted a massive spike in Aptos transactions.","FSL is releasing a new version of move-to-earn game Stepn, called Stepn Go, packing in various social elements on iOS and Android.","This week, we’ve received some amazing artwork by Pythians aslanw3b, Zarpythia, totti131, and D_MACDO. Keep up the good work, everyone!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 19, 2024","Apr 16, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-pyth-forum-ascends-newsletter-54"},"/blog/pyth-price-feeds-launch-on-fuel-testnet":{"version":1,"title":"Pyth Price Feeds Launch on Fuel Testnet - Blog - Pyth Network","description":"Fuel Network launches Pyth Price Feeds on Testnet, enabling DeFi builders to create scalable decentralized economies using real-time crypto prices.","keywords":"","h1":["Pyth Price Feeds Launch on Fuel Testnet"],"h2":["Pyth Data and Fuel Network","What’s Next?"],"h3":["Fuel Network","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Fuel Network launches Pyth Price Feeds on Testnet, enabling DeFi builders to create scalable decentralized economies using real-time crypto prices.","Blockchains","Jun 6, 2024","The Pyth Price Feeds are now available on the Fuel Network’s Testnet, the operating system purpose-built for Ethereum rollups and designed to help developers build decentralized economies at scale. The launch of the Pyth Price Feeds on Fuel will empower DeFi builders looking to build the future generation of financial services on-chain.","Today, smart contract developer teams such as SPARK on the Fuel Network can access over 500 real-time price feeds for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds thanks to Pyth.","Fuel is an operating system purpose-built for Ethereum rollups, designed to help developers build decentralized economies at scale. Fuel introduced its own VM to bring parallelization, customizability, and interoperability to the network for rapid scaling.","Blockchains require scalable infrastructure to support new services and attract users. To this end, the deployment of the Pyth Network pull oracle enables DeFi protocols on Fuel to permissionlessly request or pull price updates on-chain and on demand. The gas efficiency of the pull oracle ensures that downstream users in the Fuel ecosystem always benefit from continual access to high-frequency market data and the most recently updated price.","The first perpetual protocol on Fuel is already live and powered by Pyth: SPARK is a DeFi super app revolutionizing financial services with an integrated product suite including perpetual contracts, order book, and lending and borrowing features.","Fuel offers an unprecedented combination of performance, interoperability, and sustainability for rollups, customizability and security for developers, and a seamless experience for users.","Fuel allows rollups to solve for PSI (parallelization, state minimized execution, interoperability). Powered by the FuelVM, Fuel aims to expand Ethereum’s capability set without compromising security or decentralization:","Parallelization: By executing transactions in parallel, Fuel can scale to users' increasing demand for transaction bandwidth while ensuring a high-quality user experience.","State Minimization: Increased traffic on blockchains leads to growth in the state of the blockchain. Large state also places higher demands on node hardware leading to reduced decentralization. Fuel’s UTXO-based design minimizes state when executing transactions thereby preserving decentralization.","Interoperability: Fuel allows chains to introspect each other and thereby gather details from each chain at the block level. This enables Fuel chains to interoperate seamlessly with each other safely and securely.","Customizability: Built to be highly customizable, Fuel also allows a chain builder to deploy highly scalable app chains to solve any type of use case.","User Friendliness: Fuel supports native account abstraction and multiple signature schemes, which allow any wallet from any blockchain to connect to the network.","For more information about Fuel, please visit their website.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $5.0B. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in total trading volume across over 55 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Check out the resources below to get started. You can find the price feeds available on the Pyth Network website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please reach out in the Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-fuel-testnet"},"/blog/pyth-price-feeds-launch-on-aurora-cloud":{"version":1,"title":"Pyth Price Feeds Launch on Aurora Cloud - Blog - Pyth Network","description":"Aurora Labs releases permissionless price feeds for upcoming Aurora Virtual Chains, boosting EVM compatibility and smart contract development.","keywords":"","h1":["Pyth Price Feeds Launch on Aurora Cloud"],"h2":["Pyth Price Feeds on Aurora Virtual Chains","What’s Next?"],"h3":["Aurora","Aurora Cloud","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Aurora Labs releases permissionless price feeds for upcoming Aurora Virtual Chains, boosting EVM compatibility and smart contract development.","Blockchains","Jun 4, 2024","Thanks to the work of the Aurora Labs team, the Pyth Price Feeds will be permissionlessly available to all upcoming Aurora Virtual Chains.","Aurora Virtual Chains are dedicated EVM-compatible blockchains built on top of the NEAR Protocol. These dedicated chains provide builders with a customized and dedicated blockchain environment similar to Aurora.","Smart contract developers entering the rollup-based world can now tap into over 500 real-time price feeds across traditional and digital asset classes, all permissionlessly via the innovative on-demand pull model.","“Leveraging Pyth Oracle allowed us to provide a familiar interface to developers building on top of an Aurora Virtual Chain. And thanks to our cross contract calls technology, all virtual chains are communicating with the Pyth Oracle on Aurora Mainnet, providing a simpler integration and support from day 1 for dApps.” — Armand, Product Lead at Aurora.","With the Pyth Price Feeds already available on Aurora since late 2022 (and powering leading applications like Aurigami), the architecture of Aurora Virtual Chains to seamlessly communicate with Aurora provides a direct connection to the Pyth oracle from your own chain.","Additionally, thanks to Pyth price update shared model (where anyone can consume others' price updates), the cost to use the largest first-party oracle will be minimal for all builders. Indeed, as applications on Aurora like Aurigami are already updating Pyth prices on-chain, these updates would natively become available to all Aurora Virtual Chains. The latter will also be able to trigger price updates themselves on Aurora which will further benefit other similar chains as well as native Aurora DeFi apps.","Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform, with low transaction costs for their users.","The Aurora environment consists of the Aurora Engine, a high-performance EVM — Ethereum Virtual Machine — and the Aurora Bridge, facilitating trustless transfer of ETH and ERC-20 tokens between Ethereum and Aurora, within a great user experience.","Aurora exists and is operated as an independent, self-funded initiative but will continue to leverage the shared team DNA and continually evolving technology of the NEAR Protocol.","The governance of Aurora will take a hybrid form of a Decentralized Autonomous Organization — the AuroraDAO — complemented by a traditional entity that will hold one of several seats in the AuroraDAO.","For more information, please visit Aurora website or documentation.","Aurora Cloud is your one-stop solution for your blockchain infrastructure needs. Go from idea to success in no time, and elevate your business with the power of web3!","Aurora Cloud lets you create your own blockchain. Select your base token and your transaction fee mechanics for a truly customized experience.","Aurora Cloud doesn't require additional validators to run, which means you can create new chains on demand and without limits. Whether you need scalability or a multitude of customized environments, Aurora Cloud gets you covered.","For more information, please visit Aurora Cloud website or documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $5bn in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $300B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has further deepen its work with the Aurora community, you will soon see many more tokens supported on the network as well as Aurora applications and Aurora Chains becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth Pull Oracle","Pyth Entropy","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth Discord","Pyth Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-aurora-cloud"},"/blog/pyth-price-feeds-available-for-karnot-app-chains":{"version":1,"title":"Pyth Price Feeds available for Karnot App Chains - Blog - Pyth Network","description":"Karnot appchain integrates rollups & oracle data via Pyth Network, simplifying rollup deployment using Cairo for optimized security and performance.","keywords":"","h1":["Pyth Price Feeds available for Karnot App Chains"],"h2":["Karnot","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Karnot appchain integrates rollups & oracle data via Pyth Network, simplifying rollup deployment using Cairo for optimized security and performance.","Blockchains","Jun 10, 2024","Starting today, integrating rollups and oracle data is now seamless with Karnot, the robust appchain platform, featuring the Pyth Network.","Karnot, a leading RaaS provider in the app chain space, empowers smart contract developers to swiftly launch production-ready rollups based on the Madara framework. As maintainers of Madara, Karnot leverages Cairo, the most efficient ZK provable language, ensuring optimal performance and security. Builders deploying rollups through Karnot can now effortlessly access hundreds of real-time price feeds across major asset classes.","The addition of Pyth Price Feeds to the Karnot toolkit joins a suite of advanced features available to rollup developers. Pyth’s extensive catalogue of low-latency price data includes cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds.","“Pyth’s price feeds and oracle data will propel Madara app chains into new frontiers. Real-time and accurate price feeds unlock a vast horizon of novel use cases to be explored.” — Apoorv Sadana, Founder at Karnot.","Karnot, a leading RaaS provider in the app chain space, allows teams to build and scale high-performance, customized blockchains. This infrastructure delivers high throughput, low latency, essential out-of-the-box tooling, and numerous industry-leading integrations across interoperability, wallet solutions, and more, including Pyth. Furthermore, Karnot leverages their vast experience in the Starknet space, offering unparalleled production readiness and robust solutions for developers.","To learn more about Karnot and how it can empower your blockchain project, visit their website.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 50 blockchains in a secure, transparent manner. Pyth supports 400+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network’s innovative pull oracle design enables apps to \"pull\" the latest price onto their native chain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $2.0B in total value. The Pyth Network has been used by DeFi protocols in over $500B in trading volume and over 350 on- and off-chain applications. You can learn more about Pyth from their website and documentation.","For more information about Pyth, please visit the website and documentation.","We look forward to supporting your team in building the future of finance on Karnot. Explore the resources below to get started. If you have any questions, please reach out.","Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-available-for-karnot-app-chains"},"/blog/pyth-price-feeds-launch-on-iota-evm":{"version":1,"title":"Pyth Price Feeds Launch on IOTA EVM - Blog - Pyth Network","description":"IOTA EVM launches Pyth Price Feeds, enabling smart contracts with real-time crypto and RWA price data. A key milestone for the Pyth Network.","keywords":"","h1":["Pyth Price Feeds Launch on IOTA EVM"],"h2":["What’s Next?"],"h3":["IOTA","IOTA EVM","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds available for Karnot App Chains","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","IOTA EVM launches Pyth Price Feeds, enabling smart contracts with real-time crypto and RWA price data. A key milestone for the Pyth Network.","Blockchains","Jun 12, 2024","The deployment of Pyth Price Feeds on IOTA EVM today marks another significant milestone in the Pyth Network’s mission of bringing price data for real-world assets (RWAs) and crypto assets to the on-chain world. IOTA EVM is a fully EVM-compatible Layer 2 solution for the IOTA network, an open-source, scalable, fee-less, and permissionless distributed ledger for secure financial exchange.","Smart contract developers on IOTA EVM can permissionlessly access more than 500 real-time price feeds for cryptocurrencies, commodities, equities, ETFs, and foreign exchange pairs. The Pyth oracle sources price data from first-party institutional and decentralized players who actively participate in financial markets.","\"The integration of Pyth's oracle services represents an important advancement for the IOTA ecosystem. We are delighted to bring in a source of precise, real-time data, which opens up a multitude of new possibilities for builders utilizing IOTA EVM. This integration enhances data reliability and security, equipping our developers with the critical tools needed to innovate and construct the digital economy of the future.\" — Susanne Krone, Head of Ecosystem at IOTA Foundation.","IOTA’s approach to distributed ledger technology enables secure exchange of on-chain value and data, without fees. IOTA EVM will build on IOTA’s features to offer tamper-proof data, fee-less transactions, and low resource requirements to enable new business models. A major focus for IOTA EVM is tokenization and RWAs.","The deployment of Pyth Price Feeds is critical for achieving this goal, as reliable sources of price data for real-world and traditional assets are necessary for securing the exchange and value transfer of RWAs.","A number of DeFi applications on IOTA EVM are already integrated with Pyth Price Feeds to this end:","Deepr Finance—A decentralized finance (DeFi) platform initially built on the Shimmer EVM and now available on IOTA EVM. Deepr enables users to lend and borrow digital assets without the need for intermediaries.","Virtue Money—A protocol enabling users to mint an over-collateralized stablecoin on IOTA EVM with 0% interest rates and multi-collateral assets support.","Founded in 2015, IOTA is a public goods infrastructure to bring trust in the digital world. Through IOTA, governments, organizations, and people are able to interact with each other in a secure, trusted, and verifiable way. IOTA is one of the most established Blockchain projects in the world and is primarily being driven by the non-profit IOTA Foundation headquartered in Berlin.","IOTA’s technology improves the Blockchain design to create a highly scalable distributed ledger called the “Tangle”. Designed to support frictionless value and data transfer, the Tangle is a DLT infrastructure for Web3 applications and digital economies. Unlike blockchain alternatives, the Tangle allows transactions to be added in parallel; it also boasts low resource requirements, as well as fast transactions with finality within seconds. The IOTA token is the native currency on the IOTA network.","IOTA EVM is the first fully EVM-compatible smart contract chain on the IOTA network and enables scalable, fast, and secure smart contracts. IOTA EVM boasts:","Parallel Processing: The unique Layer 1 protocol architecture supports parallel transaction processing, enabling horizontal scalability and deployment across various chains. This decouples traditional chain anchoring and boosts processing capabilities.","Seamless Interoperability: Effortless deployment of Solidity smart contracts facilitates fluid interactions across both EVM and non-EVM chains.","Fairness and security: Implementing native randomness and resistance to Miner Extractable Value (MEV), IOTA EVM enhances fairness by preventing front-running and value extraction through predictable transaction ordering, aligning closely with regulatory demands for market integrity and equal access.","These features enhance the fully EVM-compatible smart contract environment, empowering the next generation of entrepreneurs and innovators to build a better, fairer, and more accessible ecosystem. They also facilitate the exploration of new frontiers where DeFi intersects with tangible real-world assets.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $5B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $300B in total trading volume across over 50 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Pyth Network and IOTA are positioned to support smart contract developers in building the future of finance. You can explore the resources below to get started.","Developers can explore the price feeds available on the Pyth Network website and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 10, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-iota-evm"},"/blog/gmci-30-index-launches-on-pyth-network":{"version":1,"title":"GMCI 30 Index Launches on Pyth Network - Blog - Pyth Network","description":"Pyth Network expands access to financial data with the GMCI 30 Index Price Feed, enabling DeFi applications with real-time crypto pricing.","keywords":"","h1":["GMCI 30 Index Launches on Pyth Network"],"h2":["What is the GMCI 30 Index","GMCI 30 on Pyth Price Feeds","Get Started"],"h3":["Who’s Using Pyth’s GMCI 30 Feed?","Resources"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands access to financial data with the GMCI 30 Index Price Feed, enabling DeFi applications with real-time crypto pricing.","New Products","Jun 13, 2024","The Pyth Network continues to make the world’s financial data accessible to smart contract developers everywhere. In this spirit, the oracle network has launched the GMCI 30 Index Price Feed to provide exposure to the GMCI crypto market price index (or “GM 30”) to more than 60 blockchain ecosystems.","Integration with the GMCI 30 feed, along with any of Pyth's 540+ price feeds, is permissionless. DeFi applications can base their operations on the real-time price of the GM 30. This blog explores the design of the GM 30 and Pyth expands exposure to this index to multiple blockchains.","GMCI is an index provider specializing in unique indices for the digital assets space. Cryptocurrency market indices with transparent methodologies are important for onboarding investors, financial institutions, and market analysts to the Web3 capital markets. Indices also provide standardization to these newer markets, which paves the way for more sophisticated digital assets solutions.","This year, GMCI launched their flagship GMCI 30 Index or GM 30, an index which tracks the performance of the 30 largest digital assets according to market capitalization. This index offers a global snapshot of the cryptocurrency markets, capturing major drivers such as Bitcoin and Ethereum, as well as long-term industry leaders. An index like GM 30 can help market participants easily track the performance of the leading cryptocurrencies, as well as evaluate the industry’s stability, sentiment, and growth trends.","\"We are excited to announce that Pyth Network will be streaming GMCI index prices. This collaboration represents a significant step forward in our mission to become the benchmark of choice in the crypto space. By leveraging Pyth's cutting-edge technology, we are ensured of providing even more accurate and reliable data to our users. This partnership underscores our commitment to innovation and excellence in the market.” — Maarten Botman, CEO of GMCI","“I believe sector indices are inevitable and crucial for the future of DeFi. The GMCI 30 Index on Pyth Network is a significant step in that direction, as this launch makes an important crypto index available through protocols across more than 60 blockchains spanning all the major ecosystems.” – Larry Cermak, CEO of The Block","Thanks to the Pyth Network’s first-party data provider network, Pyth Price Feeds now offer developers permissionless and seamless access to a real-time price feed for the GMCI 30. While Price Feeds also covers major indices for traditional markets like the DJIA (Dow Jones Industrial Average), SPY (SPDR S&P 500 ETF Trust), and QQQ (Invesco QQQ ETF), GMCI 30 is the Pyth Network’s first digital assets index feed.","”As a long-standing data provider on the Pyth Network, WOO X is excited to see the integration of the GMCI 30 index. GMCI is a partner of the WOO Innovation Hub and we will continue to work together with Pyth on new indices that provide value to both traders and consumers of Pyth Price feeds.” — Ben Yorke, Ecosystem VP at WOO","Smart contract developers on more than 60 blockchains from the EVM, Move, Cosmos, Bitcoin ecosystems can tap into a reliable, high-frequency price source for the GMCI 30. DeFi protocols across multiple chains have already started integrating with the Pyth GMCI 30 feed to power their operations and serve users unique exposure.","Bluefin—a decentralized orderbook-based exchange on Sui. Since its launch in 2023, Bluefin has already enabled $25B in trading volume.","D8X Exchange—an institutional-grade perpetual futures DEX on Arbitrum, Polygon zkEVM and X Layer.","Pingu Exchange—a community-driven decentralized perpetual protocol on Arbitrum. Since its launch in February, Pingu has enabled over $2B in volumes.","Vela Exchange—a decentralized exchange with advanced perpetuals trading capabilities, community focused incentives, and scalable infrastructure. Vela is live on Arbitrum and Base and has facilitated $10B in volumes.","Horizon Protocol—a decentralized derivatives trading and liquidity protocol on a mission to unlock access to the real-world economy through synthetic assets.","The Pyth Network is designed to bring smart contracts real-time access to high-frequency and high-fidelity financial data.","Explore the developer resources below to get started. If you have any questions, you can reach out in the Pyth Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/gmci-30-index-launches-on-pyth-network"},"/blog/gauntlet-selects-pyth-to-power-morpho-lending-vaults":{"version":1,"title":"Gauntlet Selects Pyth Oracle for Morpho Market - Blog - Pyth Network","description":"Gaultet partners Pyth & Morpho to revolutionize Ethereum/Base lending. Combining efficient protocols with top risk management boosts DeFi confidence.","keywords":"","h1":["Gauntlet Selects Pyth Oracle for Morpho Market"],"h2":["Gauntlet Vaults and Pyth Data"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Gaultet partners Pyth & Morpho to revolutionize Ethereum/Base lending. Combining efficient protocols with top risk management boosts DeFi confidence.","Announcements","Jun 20, 2024","They say good things come in threes. What happens when you combine the most efficient lending protocol on Ethereum with DeFi’s premier risk management firm, and then introduce blockchain’s largest first-party oracle?","Gauntlet is collaborating with Pyth and Morpho to redefine the borrowing and lending experience on Ethereum and Base. Industry leaders recognize that Pyth provides DeFi protocols with a competitive edge through reliable infrastructure that fosters confidence and growth. This partnership underscores the value Pyth brings to the DeFi ecosystem. This blog post explores how Pyth enables Morpho and Gauntlet to transform the way people borrow and lend on-chain.","Morpho has set a new standard in DeFi lending by developing an architecture that allows approved entities to launch vaults with custom risk management specifications. Having worked with many of the largest DeFi protocols, Gauntlet was a natural choice to be one of the first approved vault curators on Morpho. With the freedom to select any oracle for their UNI/USDC market, Gauntlet chose Pyth. You can see the market in action here.","\"We are pleased to pilot Pyth price feeds for the UNI/USDC market in our USDC Core MetaMorpho vault as we seek to ensure our markets ingest robust price data at all times,\" said Matt Dobel, Gauntlet’s Head of Business Development. \"As we continue curating MetaMorpho vaults, we're thrilled to partner with Pyth to enhance user experience and safety in DeFi lending markets.\"","By creating an open marketplace for specifying liquidation LTVs, oracles, collateral selection, caps, and more, Morpho vaults can be curated by experts, like Gauntlet, that use dynamic strategies to maximize capital efficiency for users. Of course, these industry experts are painfully aware of just how important reliable, low-latency data is to the foundation of borrowing and lending protocols.","\"Pyth’s design allows vault managers to pull price feed data directly from the world's largest financial institutions multiple times per second, significantly reducing risk and enhancing the user experience. Morpho's innovative approach is driving a paradigm shift in DeFi, setting new standards for data accuracy and reliability in one of the oldest DeFi primitives. Gauntlet and Pyth are collaborating to accelerate this transition, leveraging their expertise as leaders in on-chain finance.\"","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/gauntlet-selects-pyth-to-power-morpho-lending-vaults"},"/blog/pyth-network-pull-oracle-on-solana":{"version":1,"title":"Pyth Pull Oracle Launches on Solana - Blog - Pyth Network","description":"Pyth launches a Solana pull oracle, offering low-latency price data to Solana developers via the Pythnet appchain.","keywords":"","h1":["Pyth Pull Oracle Launches on Solana"],"h2":["Pull, Don’t Push","Highlighted Users"],"h3":["Benefits of the Pyth Pull Oracle","Getting Started"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth launches a Solana pull oracle, offering low-latency price data to Solana developers via the Pythnet appchain.","Announcements","Jun 17, 2024","The Pyth Network pull oracle has been deployed on Solana. Developers on Solana mainnet-beta can access Pyth’s oracle prices by actively requesting or pulling price updates from the Pythnet appchain to the Solana environment. With this deployment, protocols on Solana will use the Pyth oracle the same way as applications on other blockchains.","The Pyth push oracle will remain available on Solana until June 30, 2024. Compared to the push oracle, the new Pyth pull oracle improves reliability during congestion and increases the number of price feeds available to users.","This blog post explains how the pull oracle on Solana works, the advantages it brings to Solana developers and users, and highlights current users of the Pyth pull oracle on Solana.","The first version of the Pyth Network on Solana followed a push oracle design. This version of the Pyth oracle lives on Solana and is designed to receive price inputs from data providers via Solana transactions and generate a price aggregate directly on-chain. The oracle then pushes these aggregate prices on-chain for every supported price feed to the Solana environment at every slot or every 400ms. Solana protocols then read the most recently updated price message from the last updated slot.","The Pyth push oracle is the most widely adopted DeFi oracle on Solana. To date, the push oracle accounts for 95% of Solana’s total value secured (TVS) and 100% of the total volume secured.","The push oracle is not without its drawbacks, however. During times of congestion and high volatility, for example, not every pushed price update would land as users would pay priority fees for more valuable transactions for activities like liquidations or DEX trades. Furthermore, the gas inefficiencies of the push oracle limited the number of price feeds that the push oracle could provide compared to the Pyth pull oracle on other chains.","For these reasons, the Pyth contributors later developed a new price oracle which follows a pull oracle design, called Pythnet Price Feeds. In this design, the oracle only updates the on-chain price when requested. The Pythnet appchain—a Solana Virtual Machine instance—aggregates prices from the Pyth data providers every slot; users on Solana can request or pull any of these high-frequency updates to the Solana environment.","“Oracles are the backbone of DeFi, and Pyth’s high frequency oracle network has been pushing the space forward since 2021. The launch of their pull oracle on Solana gives developers greater control and optionality over how they consume oracle data, and paves the way for expansion into the growing world of new SVM networks.” — Austin Federa, Head of Strategy at Solana Foundation","The Pyth pull oracle brings several advantages to Solana applications:","Reliability — In a push oracle, every price update must be pushed on-chain. During periods of congestion, oracle updates often compete for bandwidth with more valuable transactions. Accordingly, these oracle updates do not always land. With the Pyth pull oracle, users can incorporate these price updates into the valuable transactions to ensure they land.","High Frequency — Similar to the above benefit, the frequency of price udpates on Pythnet is higher than the frequency on Solana mainnet-beta during periods of congestion. Solana users can pull any of these high-frequency price updates to Solana to power their DeFi transactions.","Price Feed Selection — Push oracles typically support fewer price feeds than pull oracles due to the ongoing gas expenditures of periodically updating each feed. The gas efficiency of Pyth’s pull oracle enables it to provide more than 500 price feeds for Solana protocols.","Historical Data — Solana developers will have access to Pyth Benchmarks, which allows users to query historical Pyth prices. This feature can be used for a variety of mission-critical use cases, such as backfilling transactions to specific timestamps to ensure accurate settlement and to prevent frontrunning.","Security — The Pythnet appchain boasts more data providers per feed (64) than the push oracle on Solana (32). Every Pyth price feed sources and aggregates data from multiple providers to ensure a reliable and secure price output.","Oracle Availability for New SVM Environments — The advent of Solana Virtual Machine (SVM) environments heralds new demand for blockchain infrastructure, including oracles. The deployment of the pull oracle on Solana paves the way for oracle support for new SVM ecosystems thanks to Pyth’s scalability. Pyth Network can send data cross-chain to new instances of SVMs, even if they are private or permissioned environments.","The Solana DeFi ecosystem has already started migrating to the Pyth pull oracle. To date, the Pyth pull oracle on Solana receives 200K pull updates every day. Some of the current Pyth users on Solana who are now transitioning to the pull oracle include names like:","Kamino—a suite of lending and liquidity products providing automated liquidity strategies that auto-compounds and tokenizes liquidity positions on Solana DEXs.","\"As Solana's leading borrow-lend platform, it's vital that Kamino users can rely on secure and robust oracle infrastructure. Oracles are not only just price feeds, they are also risk features. By making full use of Pyth Pull oracles we can offer high performance and oracle robustness especially in times of high congestion.” Marky, founder of Kamino.","Jupiter—a suite of products including swaps, limit orders, DCA, and perpetuals with a full-stack infrastructure focused on a decentralized UX.","Zeta Markets—on-chain perpetuals offering the speed and UX of a CEX with self-custody and transparency for users.","“Pyth’s ability to deliver real-time asset price updates is central to our operations, ensuring that our traders consistently have access to precise, up-to-the-second pricing data. The migration to Pyth’s pull oracle takes these capabilities even further, with enhanced reliability, performance, and security for a significantly better user experience. We firmly believe that DEXs can and should compete with CEXs on all metrics, and with Pyth’s support, we are setting new standards in decentralized trading.” - Tristan Frizza, Founder of Zeta Markets","Drift—a decentralized perpetuals exchange with up to 20x leverage, cross-margin, and multi-collateral.","Solend—an algorithmic, decentralized protocol for lending and borrowing assets with interest for lending and the feature of depositing collateral for leverage.","Flash Trade—a decentralized perpetuals exchange that lets users trade up to 100x leverage on crypto and non-crypto assets at low fees and minimal price impact.","GooseFX—a Solana DEX for perpetuals and single-sided liquidity pools designed for a simplified DeFi experience across trading and earning yield.","\"While building something unique as single-sided liquidity pools, it's vital to have access to the best possible prices as fast as possible, which allows us to increase profitability and capital efficiency. Pyth's new pull oracles not only provide a high frequency price updates but their underlying mechanism also helps decongest the chain. Oracles are not just a price feed; they're a fundamental piece in building a great ecosystem. We're confident that Pyth's pull oracles will help us set new standards for DeFi protocols on Solana\" - Goose Wayne, Contributor at GooseFX.","RainFi—a P2P lending protocol allowing anyone to create their lending pools with custom interest and conditions to lend on several types of assets using the same liquidity.","“Pyth Pull oracles powers Rain's universal liquidity layer, allowing us to offer a number of token pairs for our users to leverage trade, lend and borrow from in a very cost-effective way.” - Quentin Crepy, CEO of Rain.","PsyOptions—a suite of open-source, accessible, options infrastructure and products that allow users to tailor investment strategies to their risk-reward appetites.","Mango Markets—a platform for lending, borrowing, swaps, and leveraged trading of digital assets through a single risk engine.","Clone Protocol—a decentralized exchange specifically optimized for onboarding non-native token liquidity to Solana through cloned assets.","Lifinity—the first proactive market maker on Solana designed to improve capital efficiency and reduce impermanent loss.","“As a user of Pyth since our inception, Lifinity is excited to integrate Pyth's pull oracle to determine the prices at which our DEX trades at. This enables us to trade at up-to-date prices to ensure LP profitability and continue improving liquidity on Solana.” — Durden, Lifinity","Bonfida—the builders of the Solana Name Service (SNS), a Domain Name Service for Solana wallets.","\"Our team was excited to hear about Pyth's move from a push to a pull oracle. It is imperative to us that the Solana Name Service holders and newcomers can make .sol trading decisions efficiently and confidently. The new pull oracle allows us to provide our users just that. The feeds are fast and reliable on all the supported tokens - we didn't expect less.\" - bonfida.sol","Check out the resources below to get started with Pyth on Solana. Whether you are a new user of Pyth or migrating your Solana protocol from the Pyth push oracle to the new pull oracle, the resources below are for you.","Developers will want to start with this guide on how to use Pyth’s real-time data in the Solana environment.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pyth on Solana","Pythnet (Solana Virtual Machine)","Pyth Solana Receiver SDK","Build Your First Pyth App","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-pull-oracle-on-solana"},"/blog/a-meteoric-rise-newsletter":{"version":1,"title":"A Meteoric Rise | Newsletter #55 - Blog - Pyth Network","description":"Pyth Network’s bi-weekly newsletter highlights a record $100B in DeFi traded volume secured by Pyth-powered protocols in May.","keywords":"","h1":["A Meteoric Rise | Newsletter #55"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulations","Technology and Development","Ecosystems","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s bi-weekly newsletter highlights a record $100B in DeFi traded volume secured by Pyth-powered protocols in May.","Newsletter","Jun 17, 2024","Welcome to the Pythiad, the official newsletter of the Pyth Network. Did you miss us? Biweekly updates on all things DeFi await you below. Let’s get started.","May was a meteoric month for the DeFi ecosystem with Pyth powering its growth. Here’s a look at some of the most significant stats:","Traded Volume Secured tracks how much volume is generated by Pyth-powered protocols. In May alone, Pyth secured more than $100B in traded volume.","Apps Integration shows how many apps have reached out and are integrating or have integrated Pyth as their oracle. In May, there were 21 integrations: 18 Price Feeds Integrations and 3 Pyth Entropy Integrations.","Daily Average Updates is a metric for modellign on-chain protocol revenue for Pyth Price Feeds, as all Pyth cross-chain price updates are monetized. In May, Pyth had over 3 million daily updates, with an emphasis on activity from Sui and Aptos.","For more stats on what happened in May, check out this thread by Mariobern_.","Terraform Labs and Do Kwon ordered to pay $4.5 billion to settle the SEC fraud case.","Tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla have been dropped by Nigeria's Federal Inland Revenue Service.","The Bank for International Settlements found that 94% of the central banks in its most recent survey were exploring a CBDC.","India's market regulator suggests shared crypto oversight even as RBI seeks a stablecoin ban.","Spot Ethereum ETFs are coming this summer, says Gary Gensler.","Cardano on track for Voltaire upgrade: the network is ready for its Chang fork and waiting for 70% of operators to install the new node.","Optimism obtains mission-critical “fault proofs.”","Ripple stated that its previously announced XRPL EVM Sidechain will launch with Axelar as exclusive bridge to source the native gas token of sidechain, eXRP.","ZKSync introduces ZK Nation to decentralize Its protocol amidst airdrop plans.","PleasrDAO sues Martin Shkreli for duplicating a unique Wu-Tang Clan album, obtaining a temporary restraining order.","Wormhole now allows W Token staking and governance participation.","Luxury brands like Jil Sander and Maison Margiela are adopting blockchain to prove authenticity.","BitMEX co-founder says interest rate cuts will fire up the crypto market.","Robinhood acquisition of bitstamp allows it to compete with Coinbase and Kraken.","Robinhood acquires Bitstamp in a $200M deal to expand its global crypto presence.","Hamster Kombat, a Telegram-based crypto gaming sensation, has surpassed 150M players.","Parallel, an NFT-driven competitive card game built on Ethereum, launched on the Epic Games Store.","Gaming tokens are hit hard as Bitcoin and Ethereum decline.","This week, we’ve received some amazing artwork by Pythians MarkoPejic36925, Pashakep3, mailtolemos, and Zarpythia. Keep up the good work, everyone!","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Jun 28, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-meteoric-rise-newsletter"},"/blog/pyth-price-feeds-launch-on-kaia":{"version":1,"title":"Pyth Price Feeds Launch on Kaia - Blog - Pyth Network","description":"Pyth Price Feeds now live on Kaia blockchain, boosting Asia’s Web3 adoption with real-time asset pricing for enhanced blockchain development.","keywords":"","h1":["Pyth Price Feeds Launch on Kaia"],"h2":["Pyth Price Feeds on Kaia","What’s Next?","Resources"],"h3":["Kaia","Pyth"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on Kaia blockchain, boosting Asia’s Web3 adoption with real-time asset pricing for enhanced blockchain development.","Blockchains","Jun 27, 2024","Shortly after the merger between Klaytn and Finschia as part of ‘Project Dragon’, Pyth Price Feeds are now deployed and live on Kaia, a highly optimized, BFT-based public blockchain that is home to Asia’s largest Web3 ecosystem.","Kaia is designed around the principles of Community, Sustainability, and Simplicity as part of their journey to spearhead blockchain and Web3 adoption. In line with these principles, Pyth Network unlocks over 500 real-time price feeds for major asset classes to developers building on Kaia. After all, developers deserve simplified and permissionless access to the price data they need to serve their community.","Pyth’s pull oracle design ensures that users on Kaia can always enjoy high-frequency price updates and low latencies for a cutting-edge on-chain experience. This blog post will explore what this partnership means Pyth Network καὶ (and) Kaia.","\"Pyth's high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia.\" - Dr. Sam Seo, Representative Director of Klaytn Foundation.","Kaia was formed from a chain merge between Klaytn and Finschia. The result is a new blockchain ecosystem poised to become Asia’s leading platform in the Web3 space.","Kaia is designed to expand what can be built on-chain by focusing on performance, scalability, and ease of adoption. It achieves this through immediate finality, high TPS, and low transaction costs, making it ideal for enterprise-grade applications.","Kaia will integrate over 420 dApps and services to enhance ecosystem liquidity and builder scalability. One highlight is the integration of Kakao and LINE messengers to provide over 250 million potential touchpoints across the Asian market.","The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Kaia’s high-performance and massive consumer environment. Real-time access to granular price feeds that reflect the external markets is necessary for reliable, high-throughput DeFi applications: Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network’s mission with that of Kaia.","Kaia enhances on-chain capabilities by maximizing performance and user experience. It offers:","Low TX Latency: 1-second block generation and immediate absolute finality.","High TPS: Capable of processing 4,000 transactions per second.","Low Gas Price: Approximately 1/100th of Ethereum's gas costs.","EVM Equivalence: Guaranteed equivalent interfacing and execution behavior.","Kaia’s network is composed of three logical subnetworks: Core Cell Network (CCN), Endpoint Node Network (ENN), and Service Chain Network (SCN). These components ensure efficient transaction processing, data handling, and application-specific blockchain operations.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 65 blockchains in a secure, transparent manner. Pyth supports 540+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network’s innovative pull oracle design enables apps to \"pull\" the latest price onto their native chain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $2.0B in total value. The Pyth Network has been used by DeFi protocols in over $500B in trading volume and over 360 on- and off-chain applications.","For more information about Pyth, please visit the website and documentation.","We look forward to supporting your team in building the future of finance on Kaia. Explore the resources below to get started. If you have any questions, please reach out.","Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 12, 2024","Jun 10, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-kaia"},"/blog/new-pyth-data-provider-aleno":{"version":1,"title":"New Pyth Data Provider: Aleno - Blog - Pyth Network","description":"Pyth Network expands with Aleno, a data provider, bolstering its price oracle with high-fidelity institutional data for DeFi security.","keywords":"","h1":["New Pyth Data Provider: Aleno"],"h2":["Who is Aleno?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands with Aleno, a data provider, bolstering its price oracle with high-fidelity institutional data for DeFi security.","Data Providers","Jul 1, 2024","Reliable, cutting-edge data is what gives smart contract developers a sense of confidence and tranquility as finance pioneers. In this spirit, the Pyth Network welcomes aboard Aleno to the Pyth data provider community to contribute its proprietary data to help secure the Pyth price oracle. As a DeFi-native service provider for asset managers, treasury managers, on-chain companies, and institutions, Aleno is uniquely positioned to contribute high-fidelity, institutional-quality data to Pyth Price Feeds to facilitate a more secure, performant DeFi experience across more than 65 blockchain ecosystems.","Aleno delivers precise on-chain prices by leveraging comprehensive market data from active price discovery venues on-chain. Pyth Network then combines Aleno’s price data with inputs from up to 63 other data providers for each feed, creating a reliable aggregate price stream that powers smart contracts.","Aleno provides a wide offering of digital asset prices, enabling Pyth Network to continue meeting the ever-evolving demands of smart contract developers and users in a fast-moving space. Pyth currently supports more than 540 real-time price feeds to power DeFi applications throughout the EVM, Cosmos, Move, Bitcoin, and Solana ecosystems.","\"Collaborating with Pyth has been an exceptionally high-quality experience, both in terms of their responsiveness and their rigor. Providing on-chain prices is just the first step. We are pleased to continue supporting Pyth's development and meeting their on-chain data needs.\" — Antoine Vales, Co-Founder and CEO of Aleno","Aleno is a DeFi-native asset servicing company based in Paris, offering services to DeFi asset managers, treasury managers, on-chain companies, and institutions.","Aleno started by collaborating with professional asset managers to develop strong products, such as the wallet data product for Kaiko and alerting systems for DeFi Asset Managers.","Aleno is committed to democratizing risk monitoring tools in DeFi to enhance the overall landscape. The company aims to enable every individual address to strengthen its financial security, significantly reducing losses across the board.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Aleno","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-aleno"},"/blog/community-changing-developments-newsletter-56":{"version":1,"title":"Community-Changing Developments | Newsletter #56 - Blog - Pyth Network","description":"Pyth Network delivers bi-weekly DeFi updates. Pyth secures Gauntlet’s lending vaults on Ethereum & Base, boosting DeFi infrastructure.","keywords":"","h1":["Community-Changing Developments | Newsletter #56"],"h2":["What’s New with Pyth","What’s New with DeFi","Community Shoutout"],"h3":["Regulations","Technology and Development","Ecosystems","Stablecoins","Exchanges","Gaming"],"h4":["Similar stories"],"h5":["A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51","Long Live the Pythian Council | Newsletter #50"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network delivers bi-weekly DeFi updates. Pyth secures Gauntlet’s lending vaults on Ethereum & Base, boosting DeFi infrastructure.","Newsletter","Jun 28, 2024","Welcome to the Pythiad, the official newsletter of the Pyth Network. Another week, another series of developments. Biweekly updates on all things DeFi await you below. Let’s get started.","Gauntlet has selected Pyth to power and secure their lending vaults on Ethereum and Base with Morpho Labs. This partnership recognizes Pyth’s critical role in providing DeFi protocols a competitive edge through reliable infrastructure that fosters confidence and growth.","Make sure you’re part of the discussion in the Pyth Forum. Currently, there are community proposals for the design of a Community Integrity Pool for staking, slashing, and yield, as well as a proposal for the creation of a Pyth Community Council.","The Pyth pull oracle is now available on Solana, delivering unmatched benefits to builders including increased reliability, higher frequencies, more feeds, historical data, and increased security.","Coinbase accuses the US SEC and FDIC of improperly blocking document requests.","Nigeria’s SEC gives crypto firms 30 days to register – or face enforcement action.","The Biden administration rehires a crypto advisor who is critical of the SEC.","VanEck files for the first Solana ETF to be filed in the US, six days after a similar product filing in Canada.","State Street Global Advisors and Galaxy Asset Management said they are working together to build crypto products that offer exposure to crypto companies as well as spot and futures-based ETFs.","MegaLabs, the main developer firm behind a new “real-time” Ethereum scaling protocol has raised $20 million in a seed round led by Dragonfly Capital.","PancakeSwap launches an AI prediction market for Ethereum price movements.","Wormhole will tap Solana-based protocols to verify user’s Worldcoin World IDs that were originally verified on Ethereum.","Galaxy’s new research report states that Ether spot ETFs could see $5B of net inflows in the first five months.","After sweeping Bitcoin and Ethereum liquidations, analysts are watching for accumulation whales.","The Solana Foundation launches social media features aimed at “putting crypto back in crypto Twitter.”","The EU’s restrictive stablecoin rules take effect soon and issuers are running out of time.","Team Liquid, one of the most successful organizations in esports history, is teaming up with tournament platform Community Gaming to launch a series of competitions this summer with payouts in USDC.","Bitcoin falls after the US sends $240 million worth of Silk Road-related BTC to Coinbase.","Mt. Gox, the defunct crypto exchange, is supposed to start returning over 140,000 BTC to victims of the 2014 hack this July.","“BloodLoop,” the Avalanche shooter, launches a play-to-airdrop via the Epic Games Store.","After kick-starting the Telegram gaming trend, Notcoin is hinting at its next moves – and something to do with TON project Lost Dogs Co.","South Korean mobile gaming giant Netmarble is shifting its Marblex ecosystem from Klaytn to the Ethereum layer-2, with three games set to make the leap.","We’re impressed by Pythian Debanked’s thoughtful proposal to create a Community Council within the Pyth DAO to oversee community initiatives and foster greater engagement.","If you have not done so already, check out the forum topic here. Much discussion has emerged among passionate community members on how this Community Council could work. Join the conversation today!","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X. You can also learn more about Pyth here.","Blog","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","Mar 12, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/community-changing-developments-newsletter-56"},"/blog/ondo-and-pyth-unlock-institutionalized-assets":{"version":1,"title":"Ondo Finance and Pyth Partner to Unlock Institutionalized Assets for On-Chain Users - Blog - Pyth Network","description":"Ondo & Pyth unite to bring real-world assets to DeFi, expanding access to capital markets via a new USD price feed across 65 blockchains.","keywords":"","h1":["Ondo Finance and Pyth Partner to Unlock Institutionalized Assets for On-Chain Users"],"h2":["What is Ondo’s US Dollar Yield Token?","Unlocking DeFi’s Potential with USDY","Ecosystem Excitement","What’s Next?"],"h3":["Aptos","Solana","Mantle","Sui","DeFi Protocols","Resources","USDY Disclaimer:"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Ondo & Pyth unite to bring real-world assets to DeFi, expanding access to capital markets via a new USD price feed across 65 blockchains.","Announcements","Jul 9, 2024","DeFi promises to transform the world’s access to capital markets and revitalize the way we do finance. To achieve this goal, on-chain users need access to the world of traditional assets—no matter what blockchain or decentralized app they choose.","Ondo Finance, the leading tokenized real-world asset provider, and Pyth Network have partnered to fulfill this mission. This strategic partnership oversees the launch of the USDY/USD price feed by Pyth to over 65 blockchain ecosystems—a significant milestone in the DeFi landscape, as smart contract developers globally can now tap into a real-time feed for Ondo’s market-leading yieldcoin, USDY.","This launch paves the way for unlocking Ondo USDY to developers and projects building the future of finance and improving access to institutionalized assets on-chain. Price Feeds currently support US Dollar Yield (USDY), and Pyth Network’s over 100 first-party data providers position Pyth to deliver feeds for other real world assets based on demand from Web3 developers.","“This is a huge unlock for developers and projects building the future of finance. Many leading DeFi applications and protocols rely on Pyth as an oracle provider, and this USDY/USD price feed marks a significant step towards cutting through the fragmented nature of blockchain ecosystems to make institutional assets widely accessible.” — Katie Wheeler, VP of Partnerships at Ondo Finance","Ondo’s US Dollar Yield (USDY) is a tokenized note secured by short-term US treasuries. USDY provides a stable, yield-generating alternative to traditional stablecoins, blending the benefits of on-chain finance with the reliability of traditional assets. Backed by highly secure and liquid assets, USDY offers sustainable yield for institutional and individual market actors looking to participate in on-chain capital markets.","You can learn more about USDY here.","The launch of the Pyth USDY/USD price feed expands the reach of USDY to the EVM, Solana, Move, Bitcoin, and Cosmos ecosystems. This partnership with Ondo Finance is another step towards cutting through the fragmented nature of blockchain ecosystems, paving the way for an interoperable and unified DeFi experience.","Wider Reach: The USDY/USD feed is now live on over 65 blockchains, enabling a broader range of on-chain applications to create markets for USDY. Widespread availability of key assets enables a more composable and powerful DeFi landscape.","Multi-Chain Synergies: The availability of USDY/USD across multiple blockchains enables multi-chain expansion opportunities for DeFi applications looking to serve the same markets to new user bases. This advantage breaks down the silos inherent throughout the blockchain world, which in turn establishes cohesive markets where assets can move freely between different chains.","Bridging Traditional and Decentralized Finance: This launch is a significant step towards facilitating the movement of institutional finance into the DeFi space, bringing higher liquidity, security, and stability to the market. Integrating traditional assets via Ondo on smart contract platforms paves the way for more vibrant, sophisticated DeFi products and services.","Real-time Exposure: Pyth Price Feeds update at sub-second speeds, enabling on-chain users to track, monitor, and react to the traditional capital markets in near-real-time speeds. This advantage levels the playing field between DeFi and CeFi solutions for Ondo’s tokenized products, opening these markets to new types of market participants.","Oracle feeds for strategic assets are critical for blockchain Foundations looking to grow their ecosystem, attract developers, and better serve users. The Aptos, Solana, and Mantle Foundations are among the first ecosystem leaders to tap into the newly launched Pyth USDY/USD feed.","Aptos and Ondo Finance are collaborating to tokenize real-world assets, and the emergence of Pyth Price Feeds for Ondo products will help accelerate this initiative.","Ondo Finance has recently expanded its US Treasury-backed assets to the Solana ecosystem, as part of a broader trend to bring traditional assets like bonds and credit onto blockchain rails. The introduction of Pyth oracle feeds for these assets bolsters Solana’s offerings as a high-performant Layer 1.","Mantle and Ondo Finance have also partnered to further the RWA movement and bring sustainable yield to the broader DeFi ecosystem. The introduction of the Pyth USDY/USD feed is an essential milestone in this initiative.","Earlier this year, Sui launched support for native USDY as the first yield-bearing stablecoin alternative on the network. The launch of Pyth’s USDY feed on Sui marks a significant milestone in advancing access to USDY in the Sui ecosystem, fostering greater innovation for users and developers.","Additionally, several Pyth ecosystem partners are already integrating this price feed, further expanding its reach and utility.","Drift — A dynamic AMM-based perpetual futures DEX on Solana.","FlashTrade — An asset-backed trading with on-demand liquidity on Solana.","Thala — A DeFi HyperApp and liquidity engined on Aptos.","DePerp — A perpetual trading mini-app in Telegram and webapp on Base.","“Traders on Drift rely heavily on the availability of real-time, accurate price data like USDY. Low-latency price data is crucial to Drift’s products, enabling seamless trades on perpetuals and on-chain derivatives. Pyth's pull oracles significantly reduces the risk of stale pricing.” — Chris, core contributor at Drift","“We are excited to launch USDY into Thala pools, allowing users to trade USDY and gain exposure to tokenized treasury yields. Further, USDY will also be whitelisted as a collateral for our stablecoin, MOD. This is part of our bigger vision to make Thala the Liquidity Hub for RWAs on Aptos.” — Adam Cader, Co-Founder of Thala","“Flash is always on the lookout for innovations in the DeFi that brings more sources of real yield on chain. USDY is a big step in that direction and Pyth’s new price feed allows us to easily integrate it into our pools knowing we are quoting accurate prices for this asset.” Treggs, Head of Risk and Strategy at Flash Trade","Pyth Network and Ondo Finance have joined forces to support smart contract developers in building a more performant, accessible, and sophisticated decentralized finance.","Developers can explore the price feeds available to see which data feeds—including any new Ondo Finance tokenized products—may be published next.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933. You can read the full disclaimer here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/ondo-and-pyth-unlock-institutionalized-assets"},"/blog/express-relay-priority-auctions":{"version":1,"title":"Express Relay: Priority Auctions for Efficient DeFi Markets - Blog - Pyth Network","description":"Pyth Network’s Express Relay combats Miner Extractable Value (MEV) in DeFi, speeding protocol launches and boosting opportunity access.","keywords":"","h1":["Express Relay: Priority Auctions for Efficient DeFi Markets"],"h2":["The MEV Problem","The MEV Solution","How Express Relay Works","Industry Leaders Using Express Relay","Get Started","Closing Remarks"],"h3":["Accelerating Deployment for New Protocols","Who Benefits from Express Relay?","Integrated Protocols","Integrated Searchers"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s Express Relay combats Miner Extractable Value (MEV) in DeFi, speeding protocol launches and boosting opportunity access.","Announcements","Jul 2, 2024","In the rapidly evolving DeFi landscape, Pyth Network empowers smart contract developers with cutting-edge tools to maintain a competitive edge and expand their reach. In this spirit, the Pyth contributors are excited to introduce Express Relay, a new primitive designed to eliminate Miner Extractable Value (MEV), facilitate faster rollouts for new protocols, and aggregate valuable DeFi opportunities for searchers.","Express Relay is a response to the long-held belief that MEV is inevitable and a landmark expansion of the Pyth product line. This blog post provides a comprehensive overview of Express Relay, highlighting its benefits for established protocols, early-stage protocols, searchers, and DeFi users.","To learn more and get started with Express Relay, check out the documentation.","Miner Extractable Value (MEV) refers to the profit that miners or validators can extract from reordering, including, or excluding transactions within a block. This extraction results in costs and inefficiencies for DeFi protocols and their users.","Consider how MEV affects the borrow/lending space. Lending protocols must perform liquidations to stay solvent, with searchers competing for blockspace to be the one to perform the liquidation. Yet the protocol must offer sufficient liquidation rewards to attract searchers, and oftentimes, overpays at the detriment of the user experience. Furthermore, most of the value is extracted by miners through tips for the blockspace instead of the searchers doing the work.","On Ethereum’s Aave and Compound (V2 and V3), nearly $150 million in liquidations incentives were given out across these platforms throughout their history, with the majority of this value going to miners instead of the protocols or potentially their users. This outcome is often considered an unavoidable cost of doing business.","Solving these issues can drastically lower costs for protocols, boost capital efficiency throughout the Web3 markets, and give rise to a more competitive and innovative DeFi landscape. That’s where Express Relay comes in.","Express Relay introduces a new primitive that directly connects DeFi protocols to a network of established searchers. Isolated priority auctions allow searchers to compete for priority to perform lucrative operations (such as liquidations) on the integrated DeFi protocols. Importantly, the sequencing of these transactions is determined in a separate auction not controlled by the miners, thereby eliminating their extractive role.","By enabling DeFi protocols to auction off priority for these critical operations, Express Relay ensures that searchers can compete more aggressively over the transaction value. One immediate benefit is that DeFi protocols can spend more efficiently on activities like setting liquidation rewards and pass these savings down to stakeholders such as the protocol’s own users.","Express Relay also offers early-stage protocols a solution for accelerating their deployment. Without Express Relay, the developers would have to build their own liquidator network and convince searchers to integrate with their protocol. With Express Relay, new protocols can seamlessly connect with an established network of top searchers to bootstrap their liquidation needs. This advantage fosters a more vibrant and innovative DeFi landscape.","For searchers, Express Relay aggregates the liquidation and other valuable transaction opportunities of multiple DeFi protocols in one place. Searchers can compete for all of these opportunities without having to write bespoke code for each protocol’s interface. By lowering integration costs, Express Relay empowers searchers to operate more efficiently, contributing to a safer and more capital-efficient on-chain economy.","One of the significant challenges for early-stage DeFi protocols is establishing reliable liquidator networks. Building these networks from scratch requires substantial time and resources, as developers must convince searchers to integrate with their protocol. This process can slow down the deployment and growth of new protocols.","Express Relay addresses this issue by providing a pre-integrated network of top searchers. New protocols can seamlessly connect with these searchers, streamlining the bootstrapping process for their liquidator networks. This capability not only saves valuable resources but also accelerates the deployment and scalability of new DeFi projects, fostering a more vibrant and diverse ecosystem.","Isolated off-chain priority auctions connect DeFi protocols directly with searchers through secure auctions for market efficiency enhancing transactions.","The Express Relay stack comprises on-chain smart contracts and a secure off-chain auction system that facilitates interactions among the following parties:","DeFi Protocols, which expose opportunities, such as liquidations, to searchers. Searchers then construct and submit transactions based on these opportunities.","Searchers, which execute liquidations and valuable transactions for Express Relay-integrated protocols.","Relayer, which provides the infrastructure for the off-chain components of the system.","Pyth DAO, which owns and governs the Express Relay primitive.","In this system, the DeFi protocols expose their liquidation and other transaction opportunities to integrated searchers through an opportunity server operated by the relayer. The searchers then submit competing offers to perform these operations.","The searcher offer that maximize revenue for the protocol wins the auction, and that searcher’s transaction is then run on-chain. An entry point smart contract manages the permissioning of the transactions’ interactions with the DeFi protocols and enforces payment of the offers before disbursing the value of the offers among the relevant stakeholders in the system.","Express Relay ultimately disintermediates the validators from the MEV supply chain and gives protocols the keys to managing priority around their own transactions—and take back control.","You can learn more about how Express Relay works in greater technical detail by checking out the documentation.","Express Relay benefits all DeFi participants by paving the way for a more competitive decentralized finance landscape:","DeFi Protocols can preserve value extracted from transactions, reduce unnecessary costs, and leverage a pre-integrated searcher supply for faster market deployment. Early-stage and mature protocols can bootstrap their liquidation needs faster by integrating with Express Relay.","Searchers need only integrate once with Express Relay to enjoy access opportunities across all the integrated DeFi protocols. This arrangement reduces the opportunity cost of negotiating and integrating with protocols one by one.","DeFi Stakeholders benefit from the elimination of the extractive role of miners in ordering transactions. DeFi protocols connected to Express Relay can pass down the savings down to stakeholders like their users.","The Pyth DAO recently voted to approve the mainnet deployment of Express Relay, the newest Pyth Network product. Express Relay aligns the community’s interest with the needs of increasingly sophisticated DeFi projects.","Express Relay is already live on mainnet on EVM and is supported by a robust network of searchers and DeFi protocols.","Integrated protocols include prominent lending, perpetual futures, and derivatives protocols. Together, these names comprise $1 billion in total locked value (TVL) across 11 blockchains:","Synthetix (Optimism, Base)","Ionic (Mode, Base)","Zerolend (zkSync, Blast, Linea, Manta Network)","Synonym (Arbitrum)","Vela Exchange (Arbitrum, Base)","Keom (Polygon zkEVM)","Fulcrom (Cronos, zkSync)","Jax Finance (Taiko)","Express Relay’s searcher network currently includes many of the leading institutional and decentralized participants of on-chain finance:","Auros","Caladan","Flowdesk","Flow Traders","Swaap Finance","Tokka Labs","Wintermute","Integration with Express Relay is permissionless for DeFi protocols and searchers. Anyone can integrate permissionlessly simply by adding just a few lines of code. In-line with the ethos of Web3, integrating with Express Relay or any other Pyth Network product does not require a sales meeting or contract signing. You can get started by exploring the documentation.","Protocol developers can get started with this integration guide.","Searchers can get started using this integration guide.","Contrary to long-held beliefs, MEV is not inevitable. A paradigm shift in how DeFi protocols and searchers can interact unlocks benefits for all stakeholders involved.","Express Relay plays a pivotal role in reducing costs associated with liquidations and other market efficiency transactions by eliminating miners' extractive role. Express Relay enables DeFi protocols and searchers to seamlessly connect and tap into the other side’s network effects. For early-stage protocols in particular, Express Relay offers a solution for spending less resources in bootstrapping so that founders can focus on other initiatives.","The launch of Express Relay represents a significant step towards making DeFi markets more efficient, competitive, and scalable. Join the discussion and become a part of the Pyth Network revolution.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/express-relay-priority-auctions"},"/blog/new-pyth-data-provider-amina-bank-ag":{"version":1,"title":"New Pyth Data Provider: AMINA Bank AG - Blog - Pyth Network","description":"Pyth Network expands with AMINA Bank, a Swiss bank, as a data provider. This partnership boosts DeFi protocol access to vital financial data.","keywords":"","h1":["New Pyth Data Provider: AMINA Bank AG","Who is AMINA Bank?","Discover More"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands with AMINA Bank, a Swiss bank, as a data provider. This partnership boosts DeFi protocol access to vital financial data.","Data Providers","Jul 5, 2024","Global institutions are partnering with Pyth Network to shape the future of finance. That trend continues today as we welcome onboard AMINA Bank, a fully licensed Swiss bank and pioneer in the financial industry, as a market data provider to the network.","AMINA Bank is joining the Pyth ecosystem to become a recognized data contributor, monetize the financial data from their regular operations, and work more closely with some of the leading protocols in DeFi. As the second bank to join the Pyth Network data provider community, AMINA Bank is now part of a network of over 100 data providers who have powered over half a trillion dollars in trading volume across 60 blockchains and 365 applications.","As a specialist in digital assets solutions and one of the first FINMA-regulated institutions to offer crypto banking services, AMINA Bank’s long-time expertise in the digital assets market enables them bolster Pyth Price Feeds in both offering and reliability. In turn, AMINIA Bank’s contributions will help expand the critical tooling available to Web3 developers looking to close the gap between decentralized finance and its traditional counterparts.","As a first-party oracle, Pyth Network offers AMINA Bank and other global financial institutions a unique opportunity to actively contribute to the on-chain capital markets with minimal risk. As a Pyth data provider, AMINA Bank benefits from de-risked exposure to new markets and a compliant infrastructure arrangement, and can even earn on its proprietary data for the first time.","AMINA Bank represents a new trend of banking players joining the Pyth Network, with Nomura’s digital assets subsidiary, Laser Digital, having onboarded as a data provider earlier this year.","“Our partnership with Pyth is an important milestone in AMINA’s dedication to integrate the Web3 world with traditional finance. As these worlds come closer together, AMINA is proud to be at the forefront of this transformation. By working with Pyth to provide our digital asset price data, we can give users in digital finance more robust data and information they need to make informed decisions about DeFi and crypto.” — Anes Fific, COO at AMINA Bank","AMINA Bank was established to provide a solution for digital assets trading, investing, and custody for professional investors, companies, family offices and institutions.","In August 2019, AMINA received a Swiss banking and securities dealer license. The broad, vertically integrated spectrum of services, combined with the highest security standards, make AMINA's value proposition unique.","AMINA operates globally from its regulated hubs of Switzerland, Abu Dhabi and Hong Kong to offer fiat and crypto services to progressive investors, traditional and crypto-native alike, whether individuals, corporates or institutions.","See the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about AMINA Bank","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-amina-bank-ag"},"/blog/starknet-selects-pyth-network-as-oracle-provider":{"version":1,"title":"Starknet Selects Pyth Network as Oracle Provider - Blog - Pyth Network","description":"Starknet gains real-time crypto price data via Pyth’s feed, boosting developer experience with 550+ financial data sources.","keywords":"","h1":["Starknet Selects Pyth Network as Oracle Provider","What’s Next?"],"h2":["Pyth Network and Starknet","Pyth","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Starknet gains real-time crypto price data via Pyth’s feed, boosting developer experience with 550+ financial data sources.","Events","Jul 16, 2024","After a thorough assessment of a number of different infrastructure solutions, Pyth's Network’s price feed data was chosen to supercharge the developer experience for builders in the Starknet ecosystem. Starknet joins a rapidly growing list of over 60 blockchains using Pyth to give applications access to reliable, low-latency data directly from financial institutions.","Starting today, Starknet developers and community members can already access over 550 real-time price feeds for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds thanks to Pyth.","Starknet is the secure scaling technology bringing Ethereum’s benefits to the world. By validating off-chain transactions with advanced math and cryptography, they overcome Ethereum’s scalability limitations and offer enhanced user experiences. Starknet is home to the fastest-growing layer 2 developer community due to its novel approach to scaling Ethereum and making it economically feasible to build even the most complex dApps.","Because of Starknet’s scaling capabilities, developers need infrastructure solutions that can scale alongside them. To this end, the deployment of the Pyth Network pull oracle enables DeFi protocols on Starknet to permissionlessly request or pull price updates on-chain and on demand. The gas efficiency of the pull oracle ensures that downstream users in the ecosystem always benefit from continual access to high-frequency market data and the most recently updated price.","“The Pyth Network integration offers developers within the Starknet ecosystem access to real-time price feed data for over 500 assets, all of which are available today and sourced directly from the world's largest financial institutions. Additionally, through their innovative pull oracle model, applications are able to reduce costs and improve accuracy by requesting data exactly where and when they need it.” - Diego Oliva, Starknet Foundation CEO","Pyth empowers applications on Starknet with cost-effective and accurate data that updates precisely where and when they need it to.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In less than a year, the network has secured more than $2.0B in total value and now supports over $8.0B. Pyth supports over 550 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $600B in total trading volume across over 65 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Check out the resources below to get started. You can find the price feeds available on the Pyth Network website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please reach out in the Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/starknet-selects-pyth-network-as-oracle-provider"},"/blog/pyth-price-feeds-on-kakarot":{"version":1,"title":"Pyth Price Feeds on Kakarot - Blog - Pyth Network","description":"Pyth Network & Kakarot team up to deliver real-time price feeds to Ethereum smart contracts, boosting innovation and DeFi development.","keywords":"","h1":["Pyth Price Feeds on Kakarot","Resources"],"h2":["Pyth Price Feeds on Kakarot"],"h3":["Kakarot","Pyth","What’s Next?"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network & Kakarot team up to deliver real-time price feeds to Ethereum smart contracts, boosting innovation and DeFi development.","Blockchains","Jul 15, 2024","Pyth Network is partnering with Kakarot zkEVM in planting the seeds of Ethereum’s future. This partnership oversees the deployment of Pyth Price Feeds, which will provide smart contract developers in the Kakarot ecosystem with continual access to first-party—some might say farm-to-table—financial data.","Kakarot is a next-generation EVM-compatible zkRollup based on Starkware’s verifiable VM, Cairo to spearhead innovation on Ethereum. The launch of over 550 widely adopted and real-time price feeds across major asset classes paves the way for a cutting-edge DeFi on Kakarot comparable to the performance seen in Web2. This partnership enables Kakarot to prove, scale, and innovate their way to the top of the L2 space.","“Oracles are undeniably a key primitive for DeFi, and we are thrilled to power the DeFi ecosystem within Kakarot thanks to Pyth, one of the industry leaders. Pyth’s robust, reliable, and high-frequency oracles give developers in the Kakarot ecosystem the essential flexibility to harness price feed data and build some of the most agile use cases in the ZK-EVM world.” — Elias Tazartes, co-founder of Kakarot zkEVM.","Kakarot is a zkEVM built on Starknet and Cairo – the provable language powering Starknet and StarknetOS chains. It aims to make StarknetOS chains EVM-compatible in the short term and serve as the modular backbone to an EVM validium rollup-as-a-service (RaaS) stack in the medium term. Long-term, Kakarot aspires to be the top-performing zkEVM type 1 client, validating all Ethereum blocks and transactions.","What sets Kakarot apart is its unique implementation of the EVM in a Turing complete zero-knowledge Domain Specific Language (zkDSL) called Cairo. This approach offers unparalleled flexibility and adaptability, enabling Kakarot to support all Ethereum hardforks from day one, minimizing EVM fragmentation and ensuring seamless integration with future Ethereum upgrades. Unlike lower-level approaches that are hard to maintain and adapt, Kakarot's design ensures it remains sustainable and resilient in the evolving Ethereum ecosystem.","By integrating Pyth's low-latency price feeds, Kakarot can further enhance the DeFi experience. Pyth's real-time, high-frequency data provides the most accurate market prices, reducing risks associated with outdated information. This accuracy is crucial for DeFi applications, including perpetual futures and on-chain derivatives, ensuring fair pricing and efficient transaction execution. With Pyth’s reliable price data, Kakarot can offer DeFi users a robust and trustworthy platform, driving innovation and growth in the decentralized finance space.","Kakarot is a next generation EVM-compatible zkRollup based on Starkware’s verifiable VM, Cairo.","As the first DualVM zkRollup on Ethereum, Kakarot enables developers to create hybrid protocols by leveraging both accumulated knowledge of EVM and the ZK performance of Cairo. Additionally with its extremely lightweight and modular architecture, Kakarot is able to rapidly deliver features that community needs to develop user-focused use cases.","Co-founded by Elias Tazartes and Clement Walter, Kakarot is poised to become a key player in the decentralized finance space, offering a scalable and efficient solution for the Ethereum ecosystem.","For more information about Kakarot, please visit the website and documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $8B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $600B in total trading volume across over 65 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Pyth Network and Kakarot are joining forces to support smart contract developers in building the future of finance. You can check out the resources below to get started.","Developers can explore the price feeds available and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-on-kakarot"},"/blog/pyth-entropy-on-tabichain":{"version":1,"title":"Pyth Entropy on Tabichain - Blog - Pyth Network","description":"Tabichain integrates Pyth Entropy for secure, on-chain randomness. Enhances gaming, lotteries & protocol fairness, boosting trust & decentralized app support.","keywords":"","h1":["Pyth Entropy on Tabichain"],"h2":["What’s Next?"],"h3":["Tabichain","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Tabichain integrates Pyth Entropy for secure, on-chain randomness. Enhances gaming, lotteries & protocol fairness, boosting trust & decentralized app support.","Blockchains","Jul 17, 2024","Integrating Pyth Entropy for on-chain RNG empowers Tabichain to support a wider range of decentralized applications and enhance user experience and trust in the platform’s capabilities. On-chain randomness is crucial for applications that rely on unpredictability, such as gaming, lotteries, and any protocol that requires fair distribution or selection processes.","Pyth Entropy, now available on Tabichain, provides smart contract developers with a reliable and secure source of randomness. Trustless random number generation (RNG) is essential for Web3 applications needing unpredictable outcomes, such as gaming, NFTs, lotteries, prediction markets, and more. This integration ensures that Tabichain remains at the forefront of innovation, offering robust solutions for diverse decentralized applications.","“Tabi is committed to supporting both the cutting edge and experimental in Web3 gaming as well as the traditional Web2 game studios who are looking to enter the space. As a leading and reputable oracle provider, Pyth Entropy is the perfect partner to assist our games with their RNG needs.” — Xavier, Tabi CEO","Tabichain is a scalable Proof-of-Stake blockchain, fully compatible with the Ethereum Virtual Machine (EVM) and built using the Cosmos SDK and CometBFT for fast finality and high transaction throughput (~5-second block times).","Key features include:","Low Block Time: 5-second block generation.","High Throughput: Efficient transaction processing.","EVM Compatibility: Full support for Ethereum tools (Metamask, Remix, Truffle).","Developers can create applications on Tabi chain by utilizing its full EVM compatibility, which supports all EVM state transitions while maintaining the developer experience of Ethereum.","Using Tabi’s omni-execution layer, games can also easily launch using any VM or self-defined runtime environment they like.","For more information about Tabichain, please visit their website or documentation.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 65 blockchains in a secure, transparent manner. Pyth supports 550+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network’s innovative pull oracle design enables apps to \"pull\" the latest price onto their native chain on demand.","In less than a year since the launch of its cross-chain pull oracle, the network has secured over $8.0B in total value. The Pyth Network has been used by DeFi protocols in over $600B in trading volume and over 380 on and off-chain applications. You can learn more about Pyth from their website and documentation.","For more information about Pyth, please visit the website and documentation.","We look forward to supporting your team in building the future of finance on Tabichain. Explore the resources below to get started. If you have any questions, please reach out.","Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-entropy-on-tabichain"},"/blog/new-pyth-data-provider-algoli":{"version":1,"title":"New Pyth Data Provider: AlgoLI - Blog - Pyth Network","description":"Pyth Network strengthens its oracle with AlgoLI’s data, boosting reliable, real-time asset prices for DeFi dApps across blockchains.","keywords":"","h1":["New Pyth Data Provider: AlgoLI"],"h2":["Who is AlgoLI?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network strengthens its oracle with AlgoLI’s data, boosting reliable, real-time asset prices for DeFi dApps across blockchains.","Data Providers","Jul 19, 2024","Reliable and accurate financial data made available on-chain is a must for the next generation of DeFi builders to make their dApps a reality. To enable this, the Pyth Network is thrilled to welcome AlgoLI to the Pyth data provider community to contribute its data to help secure the Pyth price oracle.","AlgoLI will contribute data for cryptocurrencies and equities to support Pyth’s mission of delivering reliable, real-time asset prices to smart contract developers on every blockchain. This contribution will support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers everywhere. Pyth currently supports more than 550 real-time price feeds to power DeFi applications throughout the EVM, Cosmos, Move, Bitcoin, and Solana ecosystems.","\"Reliable data is one of the building blocks for healthy markets and successful quantitative trading. Assisting Pyth in providing the first will assist us in achieving the second.\" – Alon Ohayon, Founder and CEO at AlgoLI","AlgoLI is a cutting-edge firm specializing in proprietary algorithmic trading, data feed services, node operation, and market making.","AlgoLI provides real-time market data and liquidity solutions across various digital asset markets.","AlgoLI aims to enhance the blockchain industry with precise and high frequency financial asset price feeds.","The Pyth Network continues to invite more data partners to join the data provider community and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about AlgoLI","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-algoli"},"/blog/pyth-price-feeds-launch-on-galxes-layer-1-omnichain-gravity":{"version":1,"title":"Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity - Blog - Pyth Network","description":"Galxe launches Gravity, a new omnichain Layer 1 powered by Pyth. Developers gain access to 550+ real price feeds for enhanced blockchain performance.","keywords":"","h1":["Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Pyth Price Feeds Launch on Gravity","What’s Next?"],"h2":["Gravity","Resources"],"h3":["Pyth"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Galxe launches Gravity, a new omnichain Layer 1 powered by Pyth. Developers gain access to 550+ real price feeds for enhanced blockchain performance.","Events","Jul 22, 2024","In its quest to onboard the world to Web3 and push the boundaries of the known blockchain universe, Galxe recently announced the launch of Gravity, a Layer 1 omnichain. Starting today, Gravity will be powered by Pyth, with Price Feeds being available to developers building on Gravity and looking to leverage the chain’s performance and UX capabilities.","In addition to Gravity’s cross-chain settlement protocol and fast finality, smart contract developers can also tap into Pyth Network’s 550+ real-time price feeds for cryptocurrencies and even traditional asset classes. Users are more than ever searching for an on-chain experience that prioritizes user-friendliness and which abstracts away the longstanding complexities of Web3. This universal demand extends to the domain of on-chain finance—Pyth’s specialization. The Pyth Network’s innovative pull oracle will empower users on Gravity with continuous access to low-latency and high-frequency price updates for a more secure DeFi experience that feels like TradFi.","Mass adoption is a two-way street: To help attract more developers to the Galxe ecosystem, integration with Pyth Price Feeds on Gravity is permissionless and requires just a few lines of code. This blog post will dive deeper into this deployment.","\"Integrating Pyth Network’s price feeds with Gravity gives our users fast, accurate price updates, making DeFi on Gravity more secure and user-friendly. This step is crucial for building a strong DeFi ecosystem, offering real-time market data to support high-performance applications.\" – Charles Wayn, Co-founder of Galxe","Gravity is designed to elevate on-chain capabilities by focusing on performance, scalability, and security. As a Layer 1 omnichain smart contract platform, Gravity integrates advanced technologies like Zero-Knowledge Proofs and state-of-the-art consensus mechanisms, such as the Jolteon algorithm, enabling efficient cross-chain transactions and an enhanced user experience. With its high-performance execution layer, Reth, Gravity ensures near-instant transaction finality and high throughput, making it ideal for complex Web3 operations.","The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Gravity’s high-performance environment. Real-time access to granular price feeds that reflect external markets is necessary for high-throughput DeFi applications. Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network with the mission of Gravity. By providing accurate, low-latency market data from institutional and decentralized sources, Pyth enhances the reliability and security of DeFi applications on Gravity, fostering a robust and scalable financial ecosystem.","Gravity enhances on-chain capabilities by maximizing performance and user experience. It enables seamless cross-chain transactions, efficient verification, and high-performance execution without exposing users to the intricacies of on-chain interactions.","Developers can create applications on Gravity by leveraging its full EVM compatibility and integrating with its advanced features. Benefits include ultra-low execution latencies, higher throughput, negligible transaction fees, and full composability across multiple chains.","For more information about Gravity, please visit their website.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $5B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $500B in total trading volume across over 65 blockchain ecosystems.","For more information about Pyth, please visit the website and documentation.","Pyth Network and Galxe are joining forces to onboard the next million, and then one billion, users on-chain. As part of this mission, Pyth is equipping contract developers with low-latency, scalable price feed offerings to build the future of finance. Explore the resources below to get started.","Developers can explore the price feeds available and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-galxes-layer-1-omnichain-gravity"},"/blog/re7-labs-selects-pyth-to-power-morpho-lending-vaults":{"version":1,"title":"Re7 Labs Selects Pyth to Power Morpho Lending Vaults - Blog - Pyth Network","description":"Pyth, Morpho, and Re7 Labs team up to enhance borrowing & lending on Base with a robust oracle, boosting DeFi protocol confidence and growth.","keywords":"","h1":["Re7 Labs Selects Pyth to Power Morpho Lending Vaults"],"h2":[],"h3":["Re7 Labs Vaults and Pyth Data"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth, Morpho, and Re7 Labs team up to enhance borrowing & lending on Base with a robust oracle, boosting DeFi protocol confidence and growth.","Announcements","Jul 29, 2024","The combination of a top lending protocol on Base with a premier risk management firm in DeFi, driven by the largest first-party oracle, sets a new standard.","Vault operators continue to choose Pyth as their trusted infrastructure partner. This time Morpho, Re7 Labs, and Pyth are collaborating to transform borrowing and lending on Base. Developers and users understand Pyth provides DeFi protocols with a competitive edge through reliable infrastructure that fosters confidence and growth. This partnership underlines the value Pyth brings to the DeFi ecosystem. In this blog we’ll explore how Pyth enables Morpho and Re7 Labs to transform the way people borrow and lend on-chain.","Morpho has redefined DeFi lending by developing an architecture that allows approved entities to launch vaults with custom risk management specifications. Having bootstrapped 200+ protocols across 20+ chains, Re7 Labs was a natural choice to be one of the first approved vault operators on Morpho. With the freedom to select any oracle to power and secure their new lending vaults, Re7 Labs chose Pyth. This is the second time a vault operator has chosen Pyth as their infrastructure partner in the last month. You can see the vaults in action here.","\"Pyth oracles secure TVL across many chains and applications that we use every day in DeFi. We’re excited to launch Pyth MetaMorpho vaults that expand the use of trusted Pyth infra with the flexible Morpho Blue system.\" – Royce, Re7 Labs","By creating an open marketplace for specifying liquidation LTVs, oracles, collateral selection, caps, and more, Morpho vaults can be curated by experts, like Re7 Labs, that enhance liquidity and user experience with a focus on applying a one-of-a-kind practical DeFi experience. These industry experts know firsthand just how important reliable, low-latency data is to the foundation of borrowing and lending protocols.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/re7-labs-selects-pyth-to-power-morpho-lending-vaults"},"/blog/pyth-price-feeds-launch-on-kinto":{"version":1,"title":"Pyth Price Feeds Launch on Kinto - Blog - Pyth Network","description":"Pyth Network & Kinto collaborate to deliver real-time price feeds to Kinto’s L2 ecosystem, boosting DeFi smart contract development.","keywords":"","h1":["Pyth Price Feeds Launch on Kinto","Kinto","Pyth","What’s Next?","Resources"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network & Kinto collaborate to deliver real-time price feeds to Kinto’s L2 ecosystem, boosting DeFi smart contract development.","Events","Aug 21, 2024","Pyth Network is partnering with Kinto for the deployment of Pyth Price Feeds, which will provide smart contract developers in the Kinto ecosystem with continual access to first-party financial data.","Kinto is an L2 focused on providing safe access to on-chain finance. It's built on top of the Ethereum network using the Arbitrum Nitro Stack, and it's non-custodial, transparent, permissionless, and governed by the community. The launch of over 500 real-time price feeds across major asset classes paves the way for next-gen DeFi on Kinto comparable to the performance seen in the Web2 spheres.","“Kinto was looking for modern, reliable and well maintained price feeds. The team at Pyth outshined the alternatives in speed, proactivity and flexibility” — Ramon Recuero, CEO","At the core of Kinto's innovation is its built-in KYC, AML, and fraud monitoring, ensuring that only verified participants engage in transactions. Additionally, Kinto’s seamless smart contract wallet offers users a secure, non-custodial experience without the need for complicated extensions or seed phrases.","Kinto’s enhanced security has enabled it to become the first L2 able to offer network-wide wallet insurance against smart contract hacks by default. It offers a range of the best assets from both DeFi and TradFi that can be accessed from the comfort of a user’s Kinto wallet.","For more information about Kinto, please visit their website and documentation.","The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.","Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.","In a little over a year, Pyth is already securing over $8B in TVL and is used by 390+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $700B in total trading volume across 70+ blockchain ecosystems.","For more information about Pyth, please visit the website or documentation.","Pyth Network and Kinto are joining forces to support smart contract developers in building the future of finance. You can check out the resources below to get started.","Developers can explore the price feeds available and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in Discord.","Explore Pyth","Documentation","Best Practices","How Pull Oracles Work","Pythnet Appchain","Pyth on EVM","Pyth Price Feeds IDs","Discord","Telegram","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Jul 22, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-launch-on-kinto"},"/blog/sony-group-soneium-and-pyth-network":{"version":1,"title":"Sony Group and Pyth Network: A New Era of Decentralized Innovation - Blog - Pyth Network","description":"Pyth Network partners with Sony & Startale to launch a real-time price oracle on Soneium blockchain, boosting Web3 infrastructure.","keywords":"","h1":["Sony Group and Pyth Network: A New Era of Decentralized Innovation"],"h2":["Soneium by Sony Block Solutions Labs: A New Frontier in DeFi and Beyond","Pyth Network: Enhancing Soneium with Real-Time Data Feeds","Join the Soneium Spark Incubation Program: Building the Future of Finance"],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network partners with Sony & Startale to launch a real-time price oracle on Soneium blockchain, boosting Web3 infrastructure.","Events","Aug 27, 2024","Today marks a significant milestone in major corporations adopting blockchain technology, and it’s powered by Pyth Network. Pyth, in collaboration with Sony Group and Startale, has deployed its real-time price oracle to Soneium, a new blockchain developed by Sony Block Solutions Labs. This collaboration is set to advance blockchain experiences for developers, applications, and users, with Pyth Network playing a crucial role in supporting Sony’s Web3 infrastructure.","The first phase of this partnership oversees the deployment of Pyth Price Feeds on the Soneium testnet to deliver reliable, high-fidelity data for participants of the Soneium Spark incubation program. This launch plays a key role in transforming blockchain infrastructure for mainstream Web3 applications and helping developers bridge the gap between traditional and on-chain media and entertainment experiences.","Sony Group, a global leader in technology and innovation, has entered the blockchain space with a bold vision to create the backbone of global Web3 infrastructure. Through its subsidiary, Sony Block Solutions Labs, Sony Group has partnered with Startale Labs—a Web3 development company specializing in blockchain infrastructure—to develop Soneium, a high-performance blockchain designed to create an open internet that transcends cultural differences and brings together people with diverse values.","This collaboration, announced in September 2023, underscores Sony Group’s commitment to embracing blockchain technology and its transformative potential across various industries.","Sota Watanabe, the head of Sony Blockchain Solution Labs and CEO of Startale, shared his enthusiasm about Pyth Network’s role as a key infrastructure solution within the Soneium ecosystem: \"Soneium Spark is at the forefront of bridging Web3 and Web2, startups and enterprises, and innovative builders and the mass market. By welcoming Pyth as an infrastructure partner, we're not just expanding the possibilities for builders but also reinforcing our mission to go mainstream with blockchain technology. With the combined strengths of Sony Group’s resources and Startale’s expertise, we’re eager to break new ground with Pyth Network.”","Pyth Price Feeds, an oracle solution for high-fidelity, low-latency price data across multiple asset classes, is now live on Soneium’s testnet environment. This integration into Soneium will provide developers with the reliable, real-time data they need to build robust and efficient decentralized applications. This collaboration underscores Pyth’s role as a key infrastructure provider, supporting Sony Group’s broader Web3 strategy.","Soneium is designed to be a powerful platform, offering low-latency transactions, high throughput, and a developer-friendly environment. With Pyth Price Feeds, Soneium’s developers can access over 500 real-time price feeds, ensuring their applications are powered by the most accurate and up-to-date market data available.","Michael Cahill, CEO and Co-Founder of Douro Labs, commented on the partnership, saying, “Sony Group and Startale are bringing business on-chain through Soneium, and it's powered by Pyth. We look forward to enabling developers to create transformative experiences within the Soneium Spark incubation program by offering enterprise-grade infrastructure solutions. Our shared mission with Sony Group will foster a new era of decentralized innovation, particularly in gaming and DeFi, as well as other creative sectors.”","As part of this development, Sony Group and Startale Labs have launched the Soneium Spark incubation program, designed to support early-stage projects across a variety of sectors, including DeFi, Web3 Experience, and an Open Category for all creators. Pyth Network is honored to be both a day-one infrastructure partner and an incubation partner, helping to drive developer activity on Soneium’s testnet. Winners are expected to debut their projects on Soneium’s mainnet. This initiative offers a unique opportunity for developers to be at the forefront of Web3 innovation, backed by Sony Group’s massive network and Startale’s extensive blockchain expertise.","We encourage developers to explore Soneium’s testnet and join the Soneium Spark. Take advantage of the resources below to get started and be part of this exciting new era in blockchain technology.","Explore Soneium","Learn More About Pyth Network","Together, Pyth Network, Sony Group, and Startale are poised to redefine what’s possible in Web3. We look forward to seeing the groundbreaking projects that will emerge on Soneium, powered by Pyth.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/sony-group-soneium-and-pyth-network"},"/blog/new-pyth-data-provider-factomind-technologies":{"version":1,"title":"New Pyth Data Provider: Factomind Technologies - Blog - Pyth Network","description":"Pyth Network welcomes Factomind Technologies, a finance/crypto expert, to enhance real-time asset data for smart contracts across blockchains.","keywords":"","h1":["New Pyth Data Provider: Factomind Technologies","Who is Factomind?","Discover More"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Factomind Technologies, a finance/crypto expert, to enhance real-time asset data for smart contracts across blockchains.","Data Providers","Aug 2, 2024","Today, the Pyth Network welcomes Factomind Technologies, a market specialist with expertise in both traditional finance and cryptocurrency, to the data provider community.","Factomind will contribute data for cryptocurrencies to support Pyth’s mission of delivering reliable, real-time asset prices to smart contract developers on every blockchain.","Factomind strongly believes the infrastructure provided by the Pyth Network aligns well with its vision and will play an instrumental role in unleashing the possibilities of Web3.","\"We possess in-depth knowledge and understanding of both the traditional financial market and the Web3 industry. By leveraging and expanding our knowledge base into the Web3 world, we aim to utilize Pyth Network's top-tier infrastructure to reduce market inefficiencies and drive mass adoption of blockchain technology\" — Andy Lee, CEO of Factomind Technologies Inc.","Factomind’s mission is to support the digitalization of the world through Web3 technology.","The company aims to contribute to the depth, accuracy, and maturity of the onchain financial market.","As a market specialist, Factomind provides various data feeds originating from both the Web3 and traditional realms, including but not limited to FX, commodity, equity, and cryptocurrency prices.","The ecosystem looks forward to joining forces with more institutional and decentralized data partners to help build the digital data marketplace that Web3 needs—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Factomind","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-factomind-technologies"},"/blog/new-pyth-data-provider-gluex":{"version":1,"title":"New Pyth Data Provider: GlueX - Blog - Pyth Network","description":"Pyth Network expands with GlueX Protocol, a new DeFi intents settlement network. This boosts real-time asset price data for smart contracts.","keywords":"","h1":["New Pyth Data Provider: GlueX","Who is GlueX?","Discover More"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands with GlueX Protocol, a new DeFi intents settlement network. This boosts real-time asset price data for smart contracts.","Events","Aug 22, 2024","Today, the Pyth Network welcomes GlueX Protocol, a next-generation intents settlement network for DeFi, to the data provider community.","GlueX Protocol will contribute data for digital assets tradable across blockchains to support Pyth’s mission of delivering reliable, real-time asset prices to smart contract developers on every blockchain.","“The launch of GlueX Data Feed for Pyth Network represents the first step in our chain-abstraction journey. We are very excited to start our collaboration with Pyth Network to enable high-quality data accessibility for any digital asset across any blockchain.” — Felix Farias, Co-Founder GlueX Protocol","GlueX aims to provide optimal transaction execution by managing complex computational tasks typically outsourced by dApps, making these capabilities accessible to all, not just sophisticated actors or centralized entities.","GlueX standardizes the integration of different blockchain networks, originators, intents and liquidity providers into the suite of services powered by GlueX. At the core,","GlueX has an extensive suites of services for developers ranging from SDKs (Gluer SDK, Optimize SDK) to APIs (Quote, Solve, Exchange Rates).","The ecosystem looks forward to joining forces with more institutional and decentralized data partners to help build the digital data marketplace that Web3 needs—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about GlueX","Learn more about Pyth Network","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 21, 2024","Jul 22, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-gluex"},"/blog/approval-of-pythian-council-sep-2024":{"version":1,"title":"Approval of Pythian Council | Sep 2024 - Blog - Pyth Network","description":"Pyth DAO announces new Pythian Council elected via on-chain voting. Update for DeFi community on this key DAO council’s composition.","keywords":"","h1":["Approval of Pythian Council | Sep 2024"],"h2":[],"h3":["Pythian Council","Council Members of September 12, 2024"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth DAO announces new Pythian Council elected via on-chain voting. Update for DeFi community on this key DAO council’s composition.","Updates","Oct 26, 2024","Today, on September 12, 2024, the newest Pythian Council has been elected and approved by the Pyth DAO through on-chain voting. This blog post serves as an update announcement for the Pyth DAO and wider DeFi community on the recent status of the Pythian Council, one of the two Pyth DAO councils.","As per the Pyth DAO Constitution, the Pythian Council is made of 8 members who are signers of the Pythian Multisig Wallet. The composition of the Pythian Council aims for geographical diversity to better fulfill and realize the ethos, mission and guiding values of the Pyth DAO.","The Pythian Multisig Wallet has powers to perform actions that are delegated to it by the Pyth DAO. Operational Pyth Improvement Proposals (PIPs) delegated to the Pythian Council include:","Operational PIPs delegated to the Pythian Council involve:","Upgrades to the oracle program.","Upgrades to the verification program for each blockchain where Pyth data is accessible.","Setting of data request fees per blockchain, as well as other protocol or network fees.","Management of PGAS allocation and delegation to validators.","Upgrades to the Express Relay program for each of the blockchains where available.","Assignment of the relayer function and monitoring of the performance of such assignments.","Setting of the Express Relay fee distribution.","Upgrades to the Entropy program for each of the blockchains where available.","Setting of Entropy request fees for each of the blockchains where Entropy is available.","Setting of pool capacity parameters in OIS","Setting of delegation fees for stake delegators in OIS.","Determining slashing amounts from staked amounts OIS in compliance with the slashing rules and procedures defined by the DAO.","The execution of such actions by the Pythian Council requires 7-of-9 approval.","The second election of the Pythian Council was conducted via on-chain voting. New elections will begin 6 months after the previous election has started and will replace 4 members of its cohort of 8 members.","Firstly, a warm congratulations to the newly elected Pythian Council members. The Pyth contributors and the wider DeFi ecosystem wish them luck on their duties as council members. We also extend our thanks to the outgoing members that have actively participated in the previous council.","Below is a summary of the newly elected Pythian Council members. You can see their full candidate profiles on GitHub.","The members are listed below by order of the number of affirmative votes for that candidate. The top 4 candidates by votes can remain as council member for up to two terms.","Afif Bandak","Contributor at Synthetix","Location: North America","Motivations: Synthetix is a top user of Pyth Data with plans for further collaboration.","Experience: 3 years as a contributor to the Synthetix protocol with DeFi and oracle systems expertise.","Marc Tillement","Role: Director at Pyth Data Association","Location: Europe","Motivations: Key stakeholder of the Pyth Network as a member of the Pyth Data Association.","Experience: 3 years as a contributor to the Pyth Network, with past governance participation engagement in Synthetix, Aave, Optimism, and Compound.","Robinson Burkey","Role: CCO and Co-Founder at Wormhole Foundation","Motivations: Wormhole is a critical infrastructure provider for the Pyth Network.","Experience: Wormhole Foundation lead and core contributor to the Wormhole Protocol. Participant in various DAOs across EVM and non-EVM chains.","Guillermo Bescos","Role: Software Engineer at Douro Labs","Motivations: Douro Labs is a significant technical contributor to the Pyth protocol and member of the Pyth Network ecosystem.","Experience: 2+ years of experience working on the Pyth codebase. Helped build most of the governance software stack for the Pyth DAO.","Jayant Krishnamurthy","Role: Co-Founder and CTO at Douro Labs","Experience: 2+ years of experience as a software contributor to Pyth, working across all parts of the codebase.","Ivo Galic","Role: Founder of Trebuchet","Motivations: To participate as Trebuchet Network is a publisher, validator and technical contributor to the Pyth protocol.","Experience: 8 years of experience at Google, early contributor and active evangelist of Pyth ecosystem.","Y2kappa","Role: Core Developer at Kamino Finance","Motivations: Kamino Finance has over $2B assets secured by Pyth oracles, so it is critical to ensure the reliability and security of the Pyth Network for Kamino's stability.","Experience: Long-term contributor to Pyth oracles for 3+ years.","nope","Role: CTO at Solend","Motivations: Solend is a long-time user of Pyth Data.","Experience: 3 years of building on Solana (and working with Pyth). Serves on ecosystem multisigs for spl-stake-pool, openbook-ex, and Marinade.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Apr 12, 2024","Mar 29, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/approval-of-pythian-council-sep-2024"},"/blog/oracle-integrity-staking-incentivizing-safer-price-feeds-for-a-more-secure-defi":{"version":1,"title":"Oracle Integrity Staking: Incentivizing Safer Price Feeds for a More Secure DeFi - Blog - Pyth Network","description":"Pyth Network boosts DeFi with secure price feeds. New Oracle Integrity Staking enhances reliability for Web3 finance, addressing growing demands.","keywords":"","h1":["Oracle Integrity Staking: Incentivizing Safer Price Feeds for a More Secure DeFi","What Oracle Integrity Staking Unlocks for Builders","Protect the DeFi You Know and Love","How Oracle Integrity Staking Works"],"h2":["Price Accuracy","Asset Coverage","Price Feeds V3 and Beyond"],"h3":["The Staking Rewards and Slashing Process","How Stakers Can Get Involved","The Role of the Pyth DAO"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network boosts DeFi with secure price feeds. New Oracle Integrity Staking enhances reliability for Web3 finance, addressing growing demands.","Announcements","Sep 2, 2024","Pyth Network is designed to supercharge DeFi apps and bridge the gap between traditional and on-chain finance. The launch of Pyth Price Feeds in 2021 marked a pivotal step in this mission. As DeFi expands, the needs of builders and users continue to evolve. The demand for heightened security and reliability in Web3 capital markets by smart contract developers and market participants has never been greater.","Enter Oracle Integrity Staking—an innovation to Pyth Price Feeds that introduces enhanced data source accountability and creates a more secure DeFi ecosystem through decentralized staking rewards and slashing mechanisms for network participants.","Pyth Publishers (data providers) will programmatically earn rewards from the Pyth protocol for maintaining high-fidelity data contributions to the price oracle. If they deliver faulty data that negatively impacts protocols, their stake will be slashed. The Pyth DAO can vote on what to do with this slashed amount, such as distributing it to impacted parties or using the slashed amount for another purpose.","PYTH stakers can delegate their stakes to Pyth publishers to enhance those publisher’s potential rewards for providing high quality data. This contribution strengthens the resilience and security of Pyth Price Feeds; in return, PYTH stakers are programmatically rewarded for helping secure the oracle network and protect DeFi.","Oracle Integrity Staking covers all 500+ Pyth Price Feeds, setting a higher standard for oracle technology and the way market participants can participate in the DeFi ecosystem. This launch marks a significant milestone in Pyth Network’s mission to deliver reliable, accurate price data to all blockchains while addressing the growing demands of decentralization and sustainability.","This blog post will explore how Oracle Integrity Staking empowers developers to build fearlessly thanks to increased data accountability and price feed security.","The most pressing challenges in the oracle space center around the trustless delivery of high-quality, reliable price data across all of the assets and blockchains required by developers.","Currently, the data infrastructure available to developers does not provide thorough accountability measures to ensure data quality. Legacy oracles that do feature on-chain incentives for quality control only offer this for a select few markets which are already safe.","Scaling asset coverage also remains a complex challenge for push oracles. While the Pyth pull oracle has established a new paradigm for how to scale price feeds to new chains rapidly, applications using Pyth still stand to benefit from access to new, trending, or strategic yet unpopular assets.","Oracle Integrity Staking directly addresses data quality and scalability by holding Pyth publishers economically accountable for price accuracy and asset coverage.","Publishers must stake PYTH tokens to become eligible for on-chain rewards, and will programmatically receive rewards only for contributing high fidelity price data.","Conversely, if a publisher provides faulty or malicious data, a portion of that publisher’s stake will be slashed as a penalty. Additionally, the Pyth DAO can vote on what to do with the slashed amount, including delivering some or all of it to those affected by the misprint or using the amount to support Pyth Network in other ways.","For developers, these outcomes means greater confidence in the data they rely on, enabling them to build fearlessly without concern over data integrity and security. These assurances are in addition to Pyth Price Feed’s existing reliability practices, including on-chain aggregation to remove outlier data contributions and conformance testing of newly launched feeds.","Oracle Integrity Staking also enables publishers to increase their potential rewards by increasing the number of symbols (price feeds) they support. Furthermore, potential rewards will increase if the publisher begins publishing data for less popular symbols, rather than liquid or popular pairs that many other publishers already support.","This incentive mechanism positions Pyth to become the go-to oracle for smart contract developers building across a wide range of applications; no matter where a team chooses to build, or what asset types they need data for, Pyth Price Feeds can expand to cover these needs.","The Pyth community also plays a critical role in Oracle Integrity Staking, as now PYTH stakers can get programmatically rewarded for contributing to the security of the oracle network. By delegating stake to a Pyth publisher, stakers reinforce the resilience and accuracy of Pyth Price Feeds by enhancing the potential rewards for that selected publisher. The staking rewards mechanism delivers rewards first to publishers based on data quality, and then to stakers for their contribution to the network.","This mechanism gives stakers a unique lever to guide publishers to support more symbols and asset types, in addition to maintaining high standards for price data. It is important to note that Oracle Integrity Staking’s reward and slashing mechanisms affects both publishers and their supporting stakers. Publishers are accountable for the data they provide to the oracle, while stakers help strengthen the oracle by choosing which publishers to support.","Oracle Integrity Staking allows anyone to help secure Pyth and protect the DeFi ecosystem. The program introduces decentralized staking rewards and slashing mechanisms to incentivize publishers and PYTH holders to stake tokens to reinforce the integrity of the oracle.","At the heart of Oracle Integrity Staking are stake pools, with each one corresponding to a different publisher. Each participating publisher can stake PYTH tokens to themselves to become eligible for performance rewards for their published data. PYTH stakers—members of the Pyth community—select the publisher(s) they wish to support and can stake PYTH tokens to any publisher’s pool to help secure the oracle.","The total amount of rewards a stake pool generates is determined by the total number of tokens staked in the pool (by both the publisher and stakers). The reward amount increases with the size of the total stake, up to a limit called the stake cap. Publishers can raise their stake cap by supporting more symbols. In turn, stakers can incentivize publishers to support more symbols by choosing to stake with publishers that support symbols that are important to the ecosystem. Rewards are programmatically distributed between publishers and stakers, with rewards first going to publishers, and remaining rewards going to stakers.","The Pyth DAO sets a maximum annual reward rate for stake pools to balance between sustainability and meaningful participation. This rate is currently 10%, and can be adjusted by the Pyth DAO. The maximum reward rate is achieved when the total stake in the pool is below the stake cap. However the total amount of rewards can never exceed the maximum reward rate times the stake cap; this means that if the stake cap is exceeded, stakers will receive a lower reward rate. This arrangement incentivizes stakers to evaluate the full list of publishers in the network when deciding on who to stake towards to help secure the oracle. Learn more about how rewards are calculated in the documentation.","In summary, Oracle Integrity Staking rewards for strengthening oracle integrity are determined by several key factors—which can be adjusted by the Pyth DAO:","Stake Cap: This is the maximum amount of tokens that can be staked with a publisher (by the publisher themselves and additional stakers) that can be eligible for rewards. A higher stake cap allows a publisher to attract more stakers and increase the pool’s notional reward.","Number of Symbols Supported by a Publisher: Publishers can support more symbols to increase their stake cap for higher potential rewards. These additional rewards compensate for the increased risk of slashing from covering more symbols.","Maximum Reward Rate: The DAO sets a cap on the maximum reward rate, calculated as an annual percentage yield (APY), that can be earned in a stake pool. While a higher maximum reward rate can increase the overall yield potential for participants, the DAO should carefully manage this parameter to maintain the balance between incentivizing participation and ensuring the long-term sustainability of Oracle Integrity Staking and Pyth Network.","Delegation Fee: Publishers charge a fixed percentage (currently 20%) of the rewards from stakers in their stake pool as a delegation fee, net of any slashed amount. The DAO can vote to adjust this fee amount and structure.","Slashing: In the event that data from a set of publishers fails to meet standards, both the publisher(s) and stakers supporting them can face slashing penalties. This shared responsibility model encourages careful evaluation of publishers, promoting a culture of accountability throughout the network. Currently, the slashing mechanism is capped at 5% of the total stake, and this rate can be adjusted by the Pyth DAO. The DAO can also vote on how to use any slashed amounts, including whether the slashed tokens will be delivered to those impacted by the error or used to support Pyth Network in another way.","PYTH stakers play a crucial role in Oracle Integrity Staking by staking their tokens to publishers to strengthen the oracle’s security and data integrity.","To get started, anyone holding unlocked PYTH tokens can access an interface like the Pyth Staking Dashboard and navigate to the Oracle Integrity Staking program. Eligible participants* can begin exploring the list of publishers and selecting which ones to stake towards in order to help secure the oracle.","Stakers can sort and evaluate the list of publishers based on pool composition, publisher quality rankings, the number of price feeds the publisher supports, or whatever criteria is most important to them. When ready, stakers can stake to any publisher stake pool. These tokens enter a Warmup Period before they become officially staked and actively help secure the oracle. Stakers can then manage their stake allocations across the publishers depending on their preference and strategy for maintaining the oracle network’s integrity.","PYTH holders who have previously staked their tokens to Pyth Governance will see these same tokens in the Oracle Integrity Staking program, and can start staking them directly to publishers without withdrawing first to their wallets.","Finally, participants can stake the same tokens to both the Oracle Integrity Staking program and the Pyth Governance program to simultaneously secure the oracle and obtain voting power for Pyth Improvement Proposals. Participants can also choose to stake only to Pyth Governance and not Oracle Integrity Staking.","The Pyth DAO determines the parameters that govern Oracle Integrity Staking, such as stake caps inputs, delegation fees, slashing amounts, and more. These parameters ensure incentives align with maintaining high data standards. Current parameters settings can be found in the documentation.","The Pyth DAO is also responsible for overseeing critical updates to the staking and slashing mechanisms, such as deciding the source of rewards for publishers and stakers. To bootstrap this initiative, Pyth Data Association has allocated 100M unlocked tokens. The Pyth DAO can vote on additional reward sources, such as on-chain revenue generated by the Pyth oracle","The Pyth DAO can also vote on how to handle any slashed amounts from faulty publishers. While slashed tokens programmatically return to the DAO treasury, the Pyth DAO can vote, for example, to deliver slashed amounts to any parties affected by a misprint or use the funds for any other purpose permitted by the DAO’s governance.","Additionally, the DAO can change the reward structure, such as incorporating other digital assets in the reward set to allow for broader staking participation to further enhance the oracle’s security and reach.","Through these responsibilities, the Pyth DAO empowers the community to shape the future of Oracle Integrity Staking, ensuring the ongoing resilience and scalability of the Pyth Network.","In decentralized finance, the reliability and accuracy of oracle feeds are paramount. As more value flows through blockchain ecosystems, the risks of inaccurate or manipulated data grow.","While Pyth Price Feed’s current reliability practices have been critical for upholding today’s DeFi, the ever-evolving DeFi landscape necessitates more advanced security mechanisms. Cryptoeconomic security was the logical next step for Price Feeds.","Pyth Network first launched on Solana with Price Feeds V1, pioneering high-frequency on-chain data from first-party sources. Leveraging Solana's speed, Pyth set a new standard for reliable data delivery. With Price Feeds V2, Pyth became the first pull oracle, expanding its reach across multiple blockchains in the EVM, Move, Cosmos, and Bitcoin ecosystems, giving developers access to high-fidelity, low-latency prices on any chain.","Oracle Integrity Staking unlocks Price Feeds V3—a significant advancement for Pyth Price Feeds that introduces enhanced data source accountability to every feed. The key component of Price Feeds V3 is the establishment of Oracle Integrity Staking to empower Web3 developers to build fearlessly without worrying about inaccurate or malicious data.","Oracle Integrity Staking introduces a new paradigm in the oracle space—one that actively prioritizes data source accountability and protection across the entire oracle’s data feeds offering, setting a higher industry standard for price oracles.","To date, Pyth Network is the only data infrastructure solution offering this level of data accountability and security across every one of its live feeds, from its most commonly used price feeds to low liquidity, long-tailed assets. Oracle Integrity Staking ensures that every price feed is secure, every user is protected, and every publisher is accountable.","Pyth Network is redefining the future of DeFi. Join us on this transformative journey and be a part of shaping history, no matter which ecosystem you hail from or how you choose to contribute.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","*DISCLAIMER: THE SERVICES WERE NOT DEVELOPED FOR, AND ARE NOT AVAILABLE TO PERSONS OR ENTITIES WHO RESIDE IN, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN THE UNITED STATES OF AMERICA, THE UNITED KINGDOM OR CANADA (COLLECTIVELY, “BLOCKED PERSONS”).","MOREOVER, THE SERVICES ARE NOT OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN ANY RESTRICTED JURISDICTION OR COUNTRY SUBJECT TO ANY SANCTIONS OR RESTRICTIONS PURSUANT TO ANY APPLICABLE LAW, INCLUDING THE CRIMEA REGION, CUBA, IRAN, NORTH KOREA, SYRIA, MYANMAR (BURMA, DONETSK, LUHANSK, OR ANY OTHER COUNTRY TO WHICH THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN UNION OR ANY OTHER JURISDICTIONS EMBARGOES GOODS OR IMPOSES SIMILAR SANCTIONS, INCLUDING THOSE LISTED ON OUR SERVICES (COLLECTIVELY, THE “RESTRICTED JURISDICTIONS” AND EACH A “RESTRICTED JURISDICTION”) OR ANY PERSON OWNED, CONTROLLED, LOCATED IN OR ORGANIZED UNDER THE LAWS OF ANY JURISDICTION UNDER EMBARGO OR CONNECTED OR AFFILIATED WITH ANY SUCH PERSON (COLLECTIVELY, “RESTRICTED PERSONS”).","THE WEBSITE WAS NOT SPECIFICALLY DEVELOPED FOR, AND IS NOT AIMED AT OR BEING ACTIVELY MARKETED TO, PERSONS OR ENTITIES WHO RESIDE IN, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN THE EUROPEAN UNION. THERE ARE NO EXCEPTIONS. IF YOU ARE A BLOCKED PERSON OR A RESTRICTED PERSON, THEN DO NOT USE OR ATTEMPT TO USE THE SERVICES. USE OF ANY TECHNOLOGY OR MECHANISM, SUCH AS A VIRTUAL PRIVATE NETWORK (“VPN”) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS PROHIBITED.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/oracle-integrity-staking-incentivizing-safer-price-feeds-for-a-more-secure-defi"},"/blog/rethinking-oracle-comparisons-shifting-from-tvs-to-ttv-for-deeper-industry-insight-2":{"version":1,"title":"Rethinking Oracle Comparisons: Shifting from TVS to TTV for Deeper Industry Insight - Blog - Pyth Network","description":"Oracle impact now measured by Total Transaction Volume (TTV), offering a clearer picture of value in DeFi compared to Total Value Secured (TVS).","keywords":"","h1":["Rethinking Oracle Comparisons: Shifting from TVS to TTV for Deeper Industry Insight"],"h2":[],"h3":["Understanding TVS: One Measure of Success","Introducing TTV: A New Way of Analyzing Oracle Potential","Pyth Network: Leading the Charge in TTV","A New Era for Oracles and DeFi"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Oracle impact now measured by Total Transaction Volume (TTV), offering a clearer picture of value in DeFi compared to Total Value Secured (TVS).","Research","Oct 7, 2024","For years, blockchain oracles have been measured and compared according to Total Value Secured (TVS), a metric that ties an oracle’s success to the value of assets it helps secure on-chain. However, while TVS has shaped how oracles are perceived, this metric only captures part of the picture.","As decentralized finance (DeFi) evolves, Total Transaction Volume (TTV) has emerged as a more insightful way to measure an oracle's impact. TTV offers a clearer view of the value oracles bring to blockchain ecosystems and their potential to generate sustainable on-chain revenue.","Shifting the industry’s focus from TVS to TTV is essential for three reasons: first, this change in perspective will lead to a deeper comprehension of the role that oracles play in the DeFi landscape; second, this metric highlights the opportunities and innovations that are yet to be unlocked in the oracle space; and third, this shift in thinking about DeFi activity is key to preparing the next growth stages for the industry and pushing us closer to mass adoption.","In the early days of DeFi—also known as DeFi 1.0—the primary focus for oracles was solving issues related to security and trust. During this period, TVS emerged as a key metric for assessing oracle adoption, usage, and market share.","TVS measures the total value of assets locked or secured by an oracle, signaling how much trust is placed in the oracle’s data feeds. This metric made sense when securing value was the paramount concern, and TVS was seen as a reflection of an oracle’s security and reliability. DeFi 1.0 chains were slower, with longer block times, making the protection of value a top priority.","However, DeFi is graduating into its next era, DeFi 2.0. The focus has shifted from security to speed and efficiency as demand for high-throughput trading has become the norm. With the rise of decentralized perpetual futures and on-chain derivatives, transaction volume, rather than asset value, is a better indicator of on-chain activity. So while TVS might still be useful for assessing worst-case security risks, it is not pertinent to true demand for oracle services today.","Evaluating oracles by TVS can also be problematic since this method conflates value with activity. While TVS measures the size of the asset pool secured by an oracle, it does not account for the actual activity or transaction volume that the oracle supports. For example, a high TVS does not necessarily mean an oracle is facilitating many transactions or driving high levels of activity—it could simply mean that large amounts of value are locked up in a protocol without frequent movement.","Furthermore, oracles are typically not compensated based on the value of the assets they secure; the typical model is that an oracle generates revenue through the number of oracle calls it processes. Whether a user transaction involves 1 BTC or 1 million BTC, the oracle's function remains the same: to provide accurate, timely data to facilitate that transaction. TVS can overstate the significance of large asset pools and understate trading volumes or the raw number of transactions an oracle supports. Given the high-frequency nature of today’s DeFi landscape, key metrics for analyzing oracle usage and sustainability should focus less on how much value is secured and instead underscore how much volume the oracle processes.","As Blockworks highlights in a recent report on oracle performance analysis, TVS \"overstat[es] the importance of asset pool size, and greatly understat[es] oracle activity. This deficiency is visible in TVS across and within sectors, all of which obscure the market’s understanding of oracle demand and market share.”","While TVS has historically been used to gauge success, this metric does not capture the most important growth drivers of DeFi today—transaction activity and volumes. In the DeFi 2.0 landscape, where speed and transaction frequency are paramount, Total Transacted Volume (TTV) provides a more accurate measure of an oracle's usage, adoption, and market share.","Next-gen blockchains such as Arbitrum, Sui, Solana, and many others specialize in high-speed transactions, meaning developers require access to high speed oracles. To measure the adoption of high-frequency oracles, analysts need to focus on transaction and trading activity facilitated by oracle providers for any ecosystem, as oracle calls or price updates correlate directly with their usage by high-frequency applications such as perpetuals.","Take decentralized exchanges (DEXs) as an example. Many of today’s leading DEXs rely on oracles to enable user transactions. One way to gauge a blockchain ecosystem's market share is by comparing the volume of transactions an oracle facilitates within that ecosystem to the total oracle-powered volume. The share of this volume gives a rough proxy of the oracle's market share within the ecosystem. TVS, while better suited for measuring oracle activity for borrow-lending, would not capture the majority of DEX activity such as perpetual trading.","Transaction volume is a key indicator of both oracle activity and revenue potential. With the rise of next-generation pull oracles designed to support high-speed applications by delivering price data on demand, a new revenue model has emerged. This model introduces fees for each oracle price update requested by downstream applications, aligning revenue more closely with transaction activity. To assess an oracle’s on-chain revenue potential, analysts can look at the number of paid transactions it facilitates—an activity metric that correlates with the volume of value secured.","Higher transaction volumes do not only drive network growth—they also create the demand needed for scaling decentralized applications. Recognizing this shift in how oracles generate value will be key to unlocking the next growth opportunities and advancing DeFi’s global adoption.","As the shift from Total Value Secured (TVS) to Total Transaction Volume (TTV) redefines the role of oracles, Pyth Network has already positioned itself as a leader in this space. Pyth's dominance is evident in its ability to facilitate massive transaction volumes, especially in the high-demand derivatives market. Today, 60% of derivatives protocols now rely on Pyth Price Feeds, demonstrating the network's essential role in processing high-frequency, high-value transactions across DeFi.","In July 2024, Pyth powered over $100 billion in derivatives transactions, surpassing major players like Coinbase and outperforming all other oracle solutions combined. This milestone highlights the rapid adoption of Pyth Price Feeds, driven in part by its innovative pull oracle design, which scales across multiple price feeds and blockchains to serve large user bases. TVS would not have capture this surge in activity, and the spike in Pyth Price Feeds usage would remain unseen without looking at transaction volume.","\"In recent years, DeFi has undergone significant changes, with users seeking faster and more transaction-intensive on-chain experiences,” says Rachel Lin, cofounder and CEO of SynFutures. “SynFutures uses Pyth's oracles to meet this demand and provide popular perpetual markets through our permissionless listings feature. Thanks to Pyth's low-latency price feeds, SynFutures has consistently been the leading perpetual DEX in terms of volume among those powered by Pyth.\"","\"From $0 to $45.68 billion in trading volume, Pyth has been right by our side from day one. Its forward-thinking, pull-based oracle architecture, delivering sub-second price updates, has been key to our success, notes Shu Tsy, Core Contributor at HMX. “Pyth isn’t just a part of our protocol—it’s the backbone. Without it, providing such a seamless trading experience to our users would have been unimaginable. The TTV speaks for itself: Pyth is here, and it’s leading the way!”","As DeFi expands, it is becoming clear that measuring oracles by Total Value Secured no longer captures their full impact. Shifting the focus to Total Transaction Volume offers a better understanding of an oracles' true influence within the blockchain space. TTV not only reveals an oracle’s real revenue potential and protocol usage, but also highlights the market’s demand for high performance that was not serviced by incumbents.","“For DEXs to compete with CEXs on market share,” Blockworks notes, “Oracles will need to compete on offering blazing fast price feeds so that DEXs can compete with CEXs with single servers and high performance matching engines. When we look at the DEX landscape today, none have reached CEX scale, but clear leaders are emerging.”","\"The DeFi space has evolved considerably in the last several years, adds Chris, Core Contributor at Drift. “Users demand faster, more transaction-heavy experiences on-chain, which is why oracles like Pyth that specialize in speed have emerged. Drift leverages Pyth’s oracles to offer the most in-demand perpetual markets. Over the past 24 hours, Drift recorded $156M in perpetuals volume, thanks to Pyth’s low-latency price feeds powering our markets.”","Pyth Network, with its dominance in transaction volume and extensive use among derivatives protocols, is at the forefront of this shift. The future of oracles is not just about securing value—it is about processing vast transaction volumes to power decentralized ecosystems. The move from TVS to TTV will reshape our view of oracles and reveal which new opportunities developers, investors, and the wider DeFi community can support next.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/rethinking-oracle-comparisons-shifting-from-tvs-to-ttv-for-deeper-industry-insight-2"},"/blog/pyth-infrastructure-supercharges-defi-on-unichain-from-uniswap":{"version":1,"title":"Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap - Blog - Pyth Network","description":"Unichain & Pyth Network join forces! Unichain, a new DeFi L2 built on OP Stack, integrates Pyth’s market data for seamless DeFi innovation.","keywords":"","h1":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap"],"h2":["Empowering Developers with Real-Time Data","Low-Latency Data: The Backbone of DeFi","Looking Ahead: A Better DeFi for Everyone"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains","Pyth Price Feeds Launch on Fuel Testnet"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Unichain & Pyth Network join forces! Unichain, a new DeFi L2 built on OP Stack, integrates Pyth’s market data for seamless DeFi innovation.","Blockchains","Oct 9, 2024","Today marks a pivotal moment for the blockchain ecosystem as Unichain, a new L2 designed for DeFi, partners with Pyth Network. Powered by the OP Stack, Unichain will serve as a home for liquidity, supporting seamless transactions across dozens of chains while introducing new surface area for DeFi innovation.","Simultaneously, Pyth Network is dedicated to providing high-fidelity, ultra-low latency market data to the blockchain space. By launching on Unichain, Pyth will set a new standard for on-chain development and scale the work of DeFi developers by offering essential and reliable market data infrastructure. Together, Unichain and Pyth are expanding the design space for DeFi, creating new opportunities for developers to build the next generation of decentralized applications.","At the heart of this partnership is a shared mission: to empower developers with the infrastructure needed to build fast, reliable, and scalable dApps. With Pyth Network’s real-time price feeds and low-latency data, updated every 400 milliseconds, developers can access the most accurate, trusted data in DeFi. This combination of speed and precision provides a critical edge, allowing developers to push the boundaries of what’s possible in on-chain finance.","“With Pyth, Unichain developers will be supercharged with the most reliable and fast market data available, empowering them to build the next generation of on-chain finance. We’re excited to see Unichain emerge as the premier environment for DeFi builders.” — Mike Cahill, CEO of Douro Labs","The partnership between Unichain and Pyth is more than just a technological integration—it’s a foundational move geared towards driving mass adoption and empowering developers globally.","Unichain is built by DeFi experts to help the industry scale, offering a liquidity hub that seamlessly spans across multiple chains. With Pyth Network as a core infrastructure provider, developers on Unichain will have access to the most reliable, real-time market data.","Pyth’s low-latency data feeds will supercharge Unichain’s capabilities, enabling the chain to facilitate high throughput and adoption-ready dApps. With over 500 real-time price feeds sourced directly from top-tier financial institutions, Pyth ensures that Unichain’s applications are built on accurate and secure data, empowering developers to build next-gen dApps that can compete with traditional finance apps.","Pyth Network has rapidly become the leading choice for developers building Web3 applications due to its ultra-secure, real-time price feeds and infrastructure designed to scale seamlessly with developer demands. Today, Pyth delivers a level of accuracy and reliability unmatched in the DeFi space, ensuring that dApps can operate with confidence.","Additionally, market data serves as the foundation for DeFi, and Pyth’s robust infrastructure empowers Unichain to offer developers the tools needed to create scalable, high-performance dApps that push the boundaries of on-chain finance. Unichain’s mission is to establish itself as the leading environment for DeFi builders, and Pyth’s infrastructure will be instrumental in achieving this goal.","“Unichain’s vision for the future aligns perfectly with Pyth’s mission to empower developers with the tools they need to create the next generation of DeFi. Together, we’re enabling developers to build better applications faster and with more secure infrastructure. This is a defining moment for both Pyth and Unichain.” — Mike Cahill, CEO of Douro Labs","The future of DeFi is brighter than ever. Unichain provides developers with a fast, reliable, and scalable platform. The launch of Pyth ensures that Unichain developers have the speed, accuracy, and tools to create solutions that will redefine the way financial systems operate—enabling faster transactions and more secure data flows.","To learn more about Unichain, Pyth Network, and how they are revolutionizing DeFi, stay tuned for future updates. The future of digital finance is here—and it’s powered by Pyth.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","Jun 6, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-infrastructure-supercharges-defi-on-unichain-from-uniswap"},"/blog/unlocking-lsts-lrts-and-yield-bearing-stablecoins-pyth-redemption-rate-feeds":{"version":1,"title":"Unlocking LSTs, LRTs, and Yield-Bearing Stablecoins: Pyth Redemption Rate Feeds - Blog - Pyth Network","description":"Pyth introduces Crypto Redemption Rate Feed, expanding DeFi options for yield-bearing stablecoins and LSTs, boosting innovation.","keywords":"","h1":["Unlocking LSTs, LRTs, and Yield-Bearing Stablecoins: Pyth Redemption Rate Feeds"],"h2":[],"h3":["Introducing Two New Asset Classes","What are Crypto Redemption Rates?","The Importance of Crypto Redemption Rate Feeds in DeFi","Spotlight on Liquid Staking Tokens","Top Feeds and Builders Leveraging Pyth’s Redemption Rates"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth introduces Crypto Redemption Rate Feed, expanding DeFi options for yield-bearing stablecoins and LSTs, boosting innovation.","New Products","Oct 22, 2024","Liquid Staking Tokens (LSTs), Liquid Restaking Tokens (LRTs), and yield-bearing stablecoins have been a major driving trend in the DeFi space for the last year. Historically, Pyth Price Feeds have been continuously trusted by developers looking to gain an edge on the competition. Now, in the spirit of unlocking topical assets for DeFi builders, the Pyth contributors are excited to announce the launch of Crypto Redemption Rate Feeds.","This launch signifies more than just another price feed—it marks the unlocking of two new and popular asset classes: liquid restaking tokens and yield-bearing stablecoins. By sourcing redemption rates directly from asset smart contracts, Pyth can offer a real-time price feed for that asset. A key example is wstETH by Lido, an ETH derivative which accumulates yield over time. While tradable on various platforms, most lending protocols prefer to use its exchange rate, which Crypto Redemption Rates can now fetch.","This new category of price feeds marks a pivotal step forward in Pyth’s mission of providing the most comprehensive, reliable oracle solutions for the DeFi ecosystem and its builders. Starting today, Pyth Price Feeds will support 19 new crypto redemption rate feeds from the EVM ecosystem. The redemption rate feeds complement Pyth’s liquid feeds which aggregate market prices from first-party sources, including exchanges, trading firms, and market makers.","Pyth now offers a comprehensive array of feeds, covering not just crypto, but also commodities, equities, FX, ETFs, LSTs, LRTs, and yield-bearing stablecoins.","Crypto Redemption Rates provide the exact value at which a crypto asset can be redeemed, sourced directly from its underlying smart contract. Unlike traditional price feeds that aggregate market prices from several sources, these feeds capture the programmatically defined exchange rate set by the asset's protocol. This design is especially important for assets like liquid staking derivatives or interest-bearing tokens, whose values change based on internal mechanisms like accumulated rewards or interest accruals.","As DeFi continues to evolve, the need for precise and trustworthy data becomes more critical than ever. While liquid oracle feeds are excellent for assets with high liquidity and trading volumes, they may not accurately capture the value of assets whose prices are determined by smart contract logic rather than market dynamics. Crypto Redemption Rate Feeds address this gap by providing accurate valuations directly from the asset smart contract, ensuring that programmatically determined values—such as accumulated yields or interest—are reflected.","Additionally, Crypto Redemption Rate Feeds address a long-standing need in the DeFi space, providing developers with the precise, real-time data they have been seeking for assets like liquid staking tokens and yield-bearing stablecoins. With these new oracle feeds, Pyth empowers DeFi applications like lending platforms to accurately assess the true value of these assets, unlocking new opportunities for lending, borrowing, and other financial activities. By offering redemption rates directly from the asset's smart contract, Pyth ensures these valuations are not influenced by market fluctuations, improving risk management across the ecosystem.","Thanks to the launch of Crypto Redemption Rate Feeds, Pyth can provide live valuations for complex assets like liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and yield-bearing stablecoins for smart contract protocol markets on these underlyings.","Take Wrapped Staked Ether from Lido Finance as an example: wstETH represents staked Ether, which accumulates staking rewards over time, increasing its value relative to ETH as these rewards accumulate.","The redemption rate of wstETH to ETH is defined by Lido's smart contract, making it imperative to source this data directly for accurate valuation. Lending protocols, for example, often prefer using the smart contract redemption rate to ensure fair and precise lending and borrowing terms. By offering crypto redemption rate feeds for assets like wstETH, Pyth Price Feeds enables DeFi applications to integrate these complex assets seamlessly, paving the way for highly anticipated services and innovations.","Pyth Network is excited to see ambitious teams and leaders in the DeFi space begin tapping into these new redemption rate price feeds to push the boundaries of what’s possible in crypto. By providing precise, real-time valuations directly from asset smart contracts, these feeds empower developers to enhance the functionality and security of their decentralized applications. Now, DeFi builders can access reliable redemption data for more asset classes, enabling more accurate pricing models and unlocking new possibilities for risk management and yield optimization.","Ionic Money, Zerolend, Unidex, Thala, Fractality, Polynomial, Tectonic and others are embracing Pyth's new Crypto Redemption Rate Feeds to enhance their services and address previous limitations in the ecosystem. For example, Pyth’s redemption rate feeds are set to provide more accurate pricing for assets by using data directly from the asset's smart contract, rather than relying on fluctuating market prices. Additionally, these feeds allow platforms to track the value of assets in real-time, which is crucial for earning yield and managing risk in trading.","By accessing precise, programmatically defined asset values directly from smart contracts, users can accurately price assets like Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs), whose values adjust based on accumulated rewards or interest. This approach helps avoid potential false depegs caused by unreliable on-chain liquidity—a common issue with traditional price feeds that rely on fluctuating market prices.","Redemption rate feeds are set to include the following:","$USDY from Ondo Finance — A yield-bearing stablecoin backed by short-term US Treasuries, providing investors with a secure and consistent return.","$STONE from StakeStone — StakeStone is an omnichain liquidity asset protocol building an adaptive staking network for liquid ETH / BTC.","$sUSDe from Ethena Labs — A decentralized stablecoin pegged to the US dollar, designed to maintain its value through smart contract logic.","$wUSDM from Mountain Procotol — A wrapped stablecoin designed for DeFi markets, enabling seamless integration into various decentralized applications.","$CDCETH from Crypto.com — A liquid staking derivative that offers Ethereum staking rewards while allowing for liquidity within the Cronos ecosystem.","The batch will also include APXETH/PXETH, CBETH/ETH, CDCETH/ETH, EETH/ETH, ETHX/ETH, EZETH/ETH, FUSDC/USD, METH/ETH, PZETH/WSTETH, and RETH/ETH.","With the launch of these new asset classes, Pyth Network continues to break new ground by delivering real-time, precise data for some of DeFi’s most innovative offerings. With Crypto Redemption Rate Feeds, developers can unlock fresh possibilities when it comes to trading and staking in the DeFi ecosystem.","Stay tuned for what’s coming next. The future of digital finance is here—and it’s powered by Pyth.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/unlocking-lsts-lrts-and-yield-bearing-stablecoins-pyth-redemption-rate-feeds"},"/blog/approval-of-the-inaugural-price-feed-council-oct-2024":{"version":1,"title":"Approval of the Price Feed Council | Oct 2024 - Blog - Pyth Network","description":"Pyth DAO elects new Price Feed Council members via voting, updating the Web3 community on this key DAO council’s status.","keywords":"","h1":["Approval of the Price Feed Council | Oct 2024"],"h2":[],"h3":["Price Feed Council","Council Members of Oct 28, 2024"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth DAO elects new Price Feed Council members via voting, updating the Web3 community on this key DAO council’s status.","Updates","Oct 26, 2024","Today, on October 25, 2024, the newest Price Feed Council has been elected and approved by the Pyth DAO through voting. This post serves as an update announcement for the Pyth DAO and wider Web3 community on the current status of the Price Feed Council, one of the two Pyth DAO councils.","In accordance to the Pyth DAO Constitution, the Price Feed Council is made of 7 members who are signers of the Price Feed Multisig Wallet. The composition of the Price Feed Council aims for geographic diversity to better realize and fulfil the mission, ethos, and values of the Pyth DAO.","The Price Feed Multisig Wallet has the powers to perform actions delegated to it by the Pyth DAO.","The execution of such actions by the Price Feed Council requires 5-of-7 approval.","The first election of the Price Feed Council was conducted through on-chain voting. New elections will begin 6 months after the previous election to replace 3 members of its cohort of 7 members.","A warm congratulations is extended to the newly elected Price Feed Council members. The Pyth contributors and the wider ecosystem wish them the best on their duties as new council members. We also extend our thanks to the outgoing members that have actively participated in the previous council.","Below is a roundup of the newly elected Price Feed Council members. You can view their full candidate profiles on GitHub.","The members are listed below in order of the number of affirmative votes for that candidate. The top 4 candidates by votes can remain as council member for up to two terms.","Giulio Alessio","Role: Head of Operations at the Pyth Data Association","Location: Europe","Motivations: Committed to assisting the Pyth Network achieve total decentralization and managing and selecting high-quality price feeds and data providers to meet the network's objectives.","Experience: Contributor to the Pyth Network at the Pyth Data Association.","Lawrence Samantha","Role: CEO and co-founder of NOBI","Location: Asia","Motivations: NOBI has been contributing to the Pyth Network as a data provider since June 2023.","Experience: 5+ years in tech with a foundation in computer science and engineering and 13 years of crypto experience.","Nicholas Diakomihalis","Role: Senior Integration Specialist at Douro Labs","Motivations: Seeks to continue contributing towards the Pyth Network oracle by onboarding new publishers and getting feeds live.","Experience: Nearly 1 year as a contributor to Pyth, focused on building integration automations while onboarding new publishers and getting feeds live.","Antoine Bellanger","Role: Senior DeFi Engineer at SwissBorg","Motivations: SwissBorg is a price publisher providing FX and Crypto data to Pyth.","Experience: 6+ years crypto experience and helped build the core Crypto/DeFi features at SwissBorg (supporting $1.2B+ in assets and $200M+ in DeFi).","Nicolas Genechsi","Role: Chief Investment Officer at XBTO","Location: Vermuda","Motivations: Deeply committed to supporting the expansion and quality of Pyth Price Feeds across the DeFi landscape.","Experience: Over 20 years of financial markets and trading/investing experience across various asset classes in TradFi and crypto.","John Gu","Role: CEO of Caladan Group","Motivations: Eager to continue contributing value and growth to Pyth through our expertise, activities and via governance as a leading trading firm engaging protocols secured by Pyth ecosystem.","Experience: 15 years of experience in TradFi and 7 in crypto. Currently the co-founder and CEO of Caladan.","Harnaik Kalirai","Role: Head of Integration at Douro Labs","Motivations: Previous council member with experience in raising key proposals committed to supporting the oracle’s expansion into new markets and diverse asset classes.","Experience: 3+ years of experience as a key contributor to Pyth specializing in the price feed process, validator management and the technical integration of new data publishers.","We want to hear your feedback. Join the Pyth Discord and Telegram and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Apr 12, 2024","Mar 29, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/approval-of-the-inaugural-price-feed-council-oct-2024"},"/blog/sui-ecosystem-spotlight":{"version":1,"title":"Sui Ecosystem Spotlight - Blog - Pyth Network","description":"Sui blockchain offers instant, secure transactions and high throughput through a revolutionary parallel processing architecture for scalability.","keywords":"","h1":["Sui Ecosystem Spotlight"],"h2":["Sui’s Revolutionary Architecture: Built for Scalability","Sui’s DeFi Ecosystem: Exponential Growth","Pyth: A Strategic Partner Empowering Sui’s Ecosystem","Sui Builders are Pyth-Pilled"],"h3":["Suilend: The DeFi Superapp","NAVI Protocol: Navigating DeFi on Sui","Bluefin: Redefining On-Chain Trading on Sui","Scallop: Pioneering DeFi on Sui","$FUD is fuel: the OG meme on Sui","DoubleUp: The DeFi Gaming Protocol","Sudo Finance: Empowering Leverage Trading","Typus Finance: Delivering Real Yield Infrastructure","Aftermath Finance: A One-Stop DeFi Platform on Sui","Bucket Protocol: Enhancing Capital Efficiency","ABEx: Pioneering Onchain Derivatives"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Sui blockchain offers instant, secure transactions and high throughput through a revolutionary parallel processing architecture for scalability.","Research","Nov 7, 2024","Sui is a high-performance Layer-1 blockchain providing instant settlement and high throughput without compromising security. It achieves this by leveraging a novel architecture that departs from the traditional block-by-block transaction processing model. Instead, Sui processes transactions in parallel, allowing for horizontal scalability and faster execution.","Horizontal Scalability: Unlike traditional blockchains, Sui grows as its user base expands. By adding more resources, such as nodes, Sui can scale its capacity without sacrificing performance, ensuring it can handle an ever-increasing demand.","Parallel Transaction Execution: Sui’s parallel processing allows independent transactions to be executed simultaneously, pushing throughput to new heights, handling thousands of transactions per second without bottlenecks.","Low Latency and Instant Finality: Optimizing the consensus process for simpler transactions, Sui provides near-instant confirmations—an essential feature for fast-paced DeFi environments. This leads to quick finality, fostering a seamless experience for DeFi users.","DeFi transformed the way we engage with financial systems, yet scalability, high fees, and slow transaction speeds remain major obstacles. Sui’s innovative infrastructure addresses these limitations head-on, making it the ideal platform for the next generation of DeFi applications. On top of this, Sui has been catapulting into the top tier of DeFi ecosystems with more than $1bn in TVL. From handling high transaction volumes, to enabling complex DeFi operations, to supporting an entire ecosystem with DeepBook – an innovative base layer of wholesale liquidity – Sui is building a frictionless, scalable future.","Seamless DeFi Operations: High throughput and low transaction costs make Sui the ideal platform for DeFi protocols, facilitating everything from token swaps to lending and yield farming at scale.","Expansive Ecosystem: Sui supports a diverse range of DeFi applications and tokens, including:","Native USDC: Stable, reliable transfers within DeFi.","DEEP, FUD, HIPPO: Growing communities of tokens, each contributing to the rich ecosystem.","Liquid Staking Tokens (LSTs): With LSTs gaining momentum, Sui offers an ideal environment for innovative staking and yield opportunities.","Pyth Network plays a crucial role in Sui’s DeFi ecosystem, enabling accurate, real-time data feeds that power the most cutting-edge decentralized applications. By providing trusted data for Sui’s apps, Pyth ensures that Sui’s DeFi projects have access to the reliable market information they need to thrive. Here’s how:","Enabling Sui DeFi Applications: Pyth’s data feeds enable precision and efficiency in DeFi applications, from decentralized exchanges to lending protocols.","Listing Eco Tokens: Pyth supports Sui by offering real-time pricing for its native ecosystem tokens, providing transparency and data accuracy across Sui’s financial ecosystem.","Here are some metrics showing Pyth’s dominance on Sui:","Pyth powers the entire volume traded on Sui which amounts to close to $1.6B the past 30 days","Pyth powers 8 protocols on Sui compared to the second oracle on Sui, which only secures 3 protocols","Pyth’s Total Value Secured is over $700M, which amounts to 53% of Sui’s total TVS","Since launching in May 2023, Pyth Price Feeds have been integrated by the next-generation of builders on Sui. Let’s learn more about the protocols that are pushing the limits of high-speed DeFi.","Suilend is the DeFi superapp, offering a suite of products including lending, liquid staking, and swaps. Built by the team behind Save (formerly Solend), one of the largest DeFi protocols on Solana, Suilend leverages extensive expertise in the space.","Recently, Suilend launched SpringSui, a Liquid Staking Token (LST) standard providing infinite liquidity and instant unstaking, minimizing depegging risks and enabling others to launch their own LSTs quickly and easily. Supported by notable investors like DeFi Alliance, Quantstamp, Mert, Andrew Kang, DCFGod, Bryan Pellegrino, and Balaji, Suilend has become the fastest-growing DeFi protocol on Sui, achieving $220 million in Total Value Locked (TVL) within just 8 months.","Thanks to Pyth, Suilend supports a wide range of assets, including newer, high-demand assets like DEEP and FUD.","Here are some key metrics:","$210M in total value locked (TVL), with $25 million from isolated assets like $DEEP and $FUD that are available on Suilend","$16.3M in total value locked (TVL) for SpringSui LST in the first week","29,000 Monthly Active Wallets (MAW) in October, a 420% increase from the previous month","NAVI Protocol is a decentralized liquidity platform offering a comprehensive and accessible solution for navigating the complex world of DeFi. It enables users to participate as liquidity providers or borrowers in a straightforward manner, simplifying engagement with decentralized finance.","With Pyth Price Feeds, NAVI Protocol leverages accurate, real-time price feeds to support functionalities that depend on precise asset valuation, such as secure token swaps, lending, and borrowing services. This integration enhances user confidence and allows for seamless, low-risk transactions.","NAVI Protocol utilizes the following Pyth feeds: $SUI, $USDC, $USDT, $NAVX, $CETUS, $ETH, and $BTC.","13 assets supported","$400M in total value locked (TVL) and $100M borrowed","Bluefin is a decentralized order book-based exchange built on Sui, designed for both professional and first-time traders. Focusing on security, transparency, and redefining the user experience of on-chain trading platforms, Bluefin is backed by Polychain, SIG, Brevan Howard, and other leading firms.","Pyth Network provides Bluefin precise, real-time pricing data essential for calculating funding payments, handling liquidations, and protecting traders from off-market orders. By leveraging Pyth's reliable price feeds, Bluefin offers traders a dependable, low-slippage trading experience.","Bluefin leverages the following Pyth feeds: $BTC, $ETH, $SOL, $SUI, $AVAX, $ARB, $SEI, $APT, $POL, $TIA.","$32B total trading volume this year","Over 35,000 users this year","Scallop is a leading peer-to-peer money market on Sui and the first DeFi protocol to receive an official grant from the Sui Foundation. Scallop is a lending protocol offering multiple borrow-lend services, lending derivatives, Sui Programmable Transaction Block building tools, flash loans, SDKs, and a UI for swaps and bridges.","As Scallop's primary oracle, Pyth Network provides essential price data for all calculations. Offering both push and pull integration models, Pyth enhances security and allows for seamless integration by providing additional variables for extra validation.","Scallop leverages the following Pyth feeds: $SUI, $BTC, $ETH, $SOL, $USDC, $USDT, $SCA, $CETUS.","$175M total value locked (TVL) ATH","14.4M total $SCA locked for 3.67 average years","$2M revenue generated","$110B total lending and borrowing volume","$170M swap volume","$2B flash loan volume","$FUD is the original meme token on Sui, known for its widespread adoption and community engagement. Since its free airdrop, $FUD has achieved the most integrations across the Sui ecosystem.","Thanks to its Pyth price feed, FUD has expanded its reach even further. $FUD is now integrated into leading DeFi protocols like Suilend and Sudo Finance, supporting borrowing and trading activities. The Pyth token listing aligns with FUD's mission to be the #1 meme on Sui and acts as a catalyst for its adoption across DeFi.","Like any of the 500+ Pyth price feeds, $FUD is permissionlessly available on all chains where Pyth is deployed.","$5 million in $FUD deposits on Suilend","$125,000 in $FUD trading volume on Sudo Finance","DoubleUp is a DeFi gaming protocol offering a wide variety of games and applications. Whether it's hitting it big on blackjack, staking in Unihouse, or winning a luxury raffle, DoubleUp is a one-stop shop for your web3 gamer needs. DoubleUp benefits from Sui's unmatched transaction speed and vibrant community in the Web3 space.","By leveraging Pyth, DoubleUp offers the fastest and most accurate bet settling available anywhere. This enhances the gaming experience by ensuring quick and reliable outcomes, boosting user trust and engagement.","DoubleUp utilizes the following Pyth feeds: $SUI**,** $USDC**,** $BUCK","Some key metrics:","Over $17M in volume processed by Unihouse in the last two months","An average of 10,000 bets settled per day","Sudo Finance is the first decentralized perpetuals aggregator on Sui, featuring both crypto and real-world assets. Traders can open positions with up to 25x leverage, while users can become liquidity providers by depositing assets into the Sudo Liquidity Provider (SLP) pool.","Leveraging Pyth Network as its oracle, Sudo Finance relies on Pyth's reliable price feeds for marking positions—from opening orders to closing positions. Pyth dictates how much users earn or lose, ensuring accurate and dependable trading. This integration empowers Sudo Finance to be one of the most reliable perpetual DEXs on Sui.","Sudo Finance utilizes the following Pyth feeds: $SUI, $FUD, $PYTH, $W, $TSLA, $NVDA.","Over $39M in total trading volume since launch","Over $1M in assets staked in the SLP pool","Over $250,000 in trading fees accrued","Over 1,100 users and growing","Typus Finance is a real yield infrastructure platform on Sui, specializing in option markets and structured products for various risk trading purposes. As the largest primary option provider on Sui by Total Value Locked (TVL) at $13 million, Typus offers secure and efficient financial instruments to its users.","Leveraging Pyth Network as its primary oracle, Typus Finance relies on Pyth's reliable price feeds for option settlements. Both the platform and its users trust Pyth to provide accurate and fair results for each settlement, ensuring transparency and confidence in the trading process.","Typus Finance utilizes the following Pyth feeds: $SUI, $BTC, $ETH, $SOL, $FUD, $INJ, $SEI, $DEEP.","$13M in total value locked (TVL)","Delivered over $3.5M worth of premiums over the last year","Aftermath Finance is a comprehensive DeFi platform on Sui, featuring a DEX aggregator, an AMM with pools of up to eight assets, liquid staking, perpetuals trading, and MEV solutions. Leveraging Sui's high performance, low costs, and scalability, Aftermath provides a trustless and transparent perpetuals exchange that offers a superior user experience compared to more centralized solutions.","Thanks to Pyth Price Feeds, Aftermath Finance offers markets for a wide variety of assets, including cryptocurrencies, commodities, equities, and forex. Pyth's quick addition of new price feeds for assets that the community is interested in trading allows Aftermath to expand its offerings rapidly. As a publisher, Aftermath contributes to the Pyth ecosystem. Pyth's low latency and dependability ensure that markets run smoothly and without interruption.","Aftermath Finance utilizes the following Pyth feeds: $BTC, $SUI, $XAU, $NVDA—these are currently on testnet, but many more are set to be offered after the mainnet launch.","Over $100M in total value locked (TVL)","Over $600M in spot trading volume has been processed to date","Bucket Protocol is a decentralized stablecoin platform, designed to enhance capital efficiency and liquidity. Users can deposit assets like SUI and other supported tokens as collateral to mint BUCK, the protocol's native stablecoin. This allows users to unlock liquidity from their holdings, creating opportunities for additional earnings through staking BUCK or joining liquidity pools to earn rewards.","By leveraging Pyth Price Feeds, Bucket Protocol accesses reliable, high-frequency price feeds, ensuring accurate and timely collateral valuations. This enhances the security and efficiency of the protocol's liquidation mechanism, providing users with a smooth experience and maintaining the integrity of BUCK.","Bucket Protocol utilizes the following Pyth feeds: $SUI, $USDY, $CETUS, $NAVX, $SCA, $WETH.","Over $27M in total value locked (TVL)","19.85M of total $BUCK supply","ABEx is an onchain derivatives and swap protocol built providing traders with zero slippage and high-leverage trading services, utilizing a synthetic architecture to improve capital efficiency.","By leveraging Pyth Price Feeds, ABEx relies on Pyth's fast and accurate price feeds for all trading pairs. This ensures that traders receive precise pricing, enhancing their trading experience with reliability and efficiency.","ABEx utilizes the following Pyth feeds: $SUI, $BTC, $ETH, $SOL, $BNB, $DOGE, $ADA, $WLD, $BLUR, $AVAX, and $PEPE.","Stay tuned for what’s coming next. The future of digital finance is here—and it’s powered by Pyth.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/sui-ecosystem-spotlight"},"/blog/stop-overpaying-for-swaps-express-relay-on-kamino-swap":{"version":1,"title":"Stop Overpaying for Swaps: Express Relay on Kamino Swap - Blog - Pyth Network","description":"Kamino Swap offers CEX-style trading in DeFi with limit orders, TWAP & block trades via Pyth Network’s Express Relay.","keywords":"","h1":["Stop Overpaying for Swaps: Express Relay on Kamino Swap"],"h2":[],"h3":["Where DEXs Fail Today","Kamino Swap: When Swapping is Better on DEXs than CEXs","Express Relay: Made for the Most Ambitious Traders"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Kamino Swap offers CEX-style trading in DeFi with limit orders, TWAP & block trades via Pyth Network’s Express Relay.","Announcements","Dec 4, 2024","With the launch of Kamino Swap, powered by Express Relay, Pyth Network is setting a new standard for on-chain trading on Solana and the wider DeFi landscape.","With Express Relay powering Limit Orders by Kamino Swap, a frontend for on-chain limit order trading, traders get even more control, with access to the true price for swaps and price execution comparable to centralized exchanges. Think about it like this: CEX-like pricing, deep liquidity, and reliable execution—all with the seamless user experience of DEXs.","Express Relay streamlines access to top searchers for Kamino Swap, enabling best-in-class execution and fast fills based on pure pricing—that is, heavy competition between searchers, without distortion or inefficiencies from MEV or congestion. Express Relay’s searchers include Amber Group, Auros, Caladan, Flowdesk, Selini, Tokka Labs and Wintermute.","By enabling access to the most accurate pricing and streamlined liquidity, Express Relay makes on-chain markets more efficient and competitive with TradFi, empowering protocols like Kamino to deliver CEX-level execution with the transparency and control that only DeFi can offer.","Here’s what makes this partnership a game-changer:","Pure pricing: Users gain access to the pure, distortion-free value of assets, especially for large trades.","Fast and cost-efficient performance: Users can enjoy faster fills and lower transaction costs than traditional DEXs.","The best of CeFi and DeFi: On-chain experiences now rival CeFi standards while preserving the decentralized advantages and UX of DeFi.","Developers on Solana and beyond can leverage Express Relay’s plug-and-play liquidity solution to redefine their applications. With Express Relay, CeFi-level features like limit orders, market orders, TWAP, and block trades are now fully accessible on-chain.","Today, trading on DEXs is riddled with challenges:","Thin liquidity: On-chain markets struggle to handle large trades without significant price impact.","High fees: Trading costs on DEXs often remain higher for high-volume traders than on CEXs.","Slow execution: Public blockchain systems struggle with fast order matching, which is critical for tools like limit orders or TWAPs.","Complex setup: Launching a new DeFi protocol requires costly infrastructure and liquidity agreements, slowing innovation.","Kamino Swap, powered by Express Relay, breaks through these barriers, enabling traders to enjoy features once thought exclusive to centralized exchanges:","Swaps based on the true price: Users always get their asking price as well as a tip or surplus from searchers.","CEX-like performance: Tight spreads, reliable order fills, and competitive prices execution rivalling that of CEXs.","Kamino’s partnership with Express Relay makes launching a high-performance trading platform easier than ever—proving that DeFi can compete head-to-head with CeFi and TradFi while offering unparalleled transparency and the benefits of self-custody.","“Kamino is excited to deliver the fastest, most competitive Limit Order platform on Solana. The goal of Kamino Swap is to give users CEX-like user experience, fully on-chain. By integrating with Pyth Network's Express Relay, limit orders on Kamino Swap will be highly competitive, resulting in extremely fast and accurate price execution, with zero fees, zero MEV, and zero slippage. Via the Express Relay infrastructure, Kamino Swap directs value back to users, enabling a delightful limit order UX at home on Solana.” — Marius Ciubotariu, Co-Founder of Kamino Finance","Express Relay offers a blueprint for launching new decentralized finance protocols, especially sophisticated services similar to those found in the centralized and traditional realms. For a deeper dive into how Express Relay works, check out our blog here.","While Express Relay has proven useful for facilitating liquidations for lending protocols, the newest integration with Kamino Swap on Solana showcases the opportunity for more ambitious services requiring a streamlined liquidity solution: limit orders, market orders, DCA, arbitrage, block trades, and more.","Express Relay also eliminates the need for costly infrastructure, providing a plug-and-play liquidity solution that accelerates innovation. With Express Relay, the Kamino Finance contributors could launch Kamino Swap platform without the usual headaches of building within DeFi:","Creating custom searcher networks.","Lengthy negotiations with market makers.","Reliance on public markets or thin on-chain liquidity.","For traders, Express Relay offers the following:","Accurate pricing: Real-time access to the pure price of assets.","Fast execution: Seamless trades with deep liquidity.","DeFi simplicity: The transparency and control they expect.","With Express Relay, protocols can deliver true pricing, whether for limit orders, liquidations, or large-size order execution on-chain. With a warm congratulations to the Kamino Finance team on their newest launch, the Pyth Network contributors are proud to continue raising the benchmark for what decentralized markets are capable of—and proving that DeFi can meet the demands of even the most ambitious market participants.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/stop-overpaying-for-swaps-express-relay-on-kamino-swap"},"/blog/pyth-network-and-revolut-supercharging-the-future-of-mainstream-finance":{"version":1,"title":"Pyth Network and Revolut: Supercharging the Future of Mainstream Finance - Blog - Pyth Network","description":"Revolut partners with Pyth Network to provide trusted price data, boosting DeFi with its vast user base and financial services.","keywords":"","h1":["Pyth Network and Revolut: Supercharging the Future of Mainstream Finance"],"h2":["How Pyth and Revolut are Shaping the Future of Finance","Join the Revolution"],"h3":["Transforming On-Chain Finance–with Pyth"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Revolut partners with Pyth Network to provide trusted price data, boosting DeFi with its vast user base and financial services.","Data Providers","Jan 6, 2025","As the boundaries between traditional and decentralized finance blur, Revolut—a global leader in digital banking—has partnered with Pyth Network as a data publisher to contribute its trusted price data to the decentralized finance (DeFi) ecosystem.","With millions of users worldwide, Revolut has revolutionized consumer finance by offering an array of services, from international money transfers to cryptocurrency trading—all within a single platform.","Launched in 2015 to challenge traditional banks, Revolut quickly became a popular choice with its fee-free, user-centric financial services. By joining Pyth Network as a publisher, Revolut now brings its price data to the DeFi ecosystem, making this critical information accessible to all market participants.","This partnership marks a significant shift as financial institutions from the banking world begin to harness Pyth’s advanced oracle technology to improve transparency and reliability in digital asset markets, establishing Pyth as a mainstream, universal solution trusted by both Web3 and institutional players.","This partnership represents a turning point for the financial sector, as major global institutions and their vast user bases begin to engage with Pyth to help enhance the transparency and reliability of both traditional and decentralized markets.","As a publisher for the Pyth oracle network, Revolut will contribute its proprietary digital asset price data to Pyth Price Feeds to secure the operations of hundreds of downstream dApplications (dApps) and advance the growth of the Web3 capital markets. Revolut’s market expertise and digital asset technologies enable them to help secure the crypto data offerings of Pyth Price Feeds, the most demanded asset feeds by application developers building the future of finance.","In turn, Pyth Network enables traditional and Web2 players like Revolut to safely and rapidly expand their crypto and digital asset operations, allowing them to explore and deepen their involvement in the Web3 space without, for example, committing capital or engaging in the complexities of active trading. By simply publishing its own price data to the Pyth oracle, Revolut is making a significant impact on the digital asset space and helping pave the way for more transparent, fair, and accessible markets.","Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut began as a solution to costly foreign exchange fees, enabling users to transfer and spend money globally without hidden charges. Over time, it evolved into a financial super-app, offering services like international transfers, cryptocurrency trading, stock investments, and travel insurance—all within a single platform.","With over 45 million users across 200 countries, Revolut has transformed how individuals and businesses engage with financial services, removing barriers that traditional banks once upheld. As Revolut integrates cutting-edge digital solutions, its partnership with Pyth Network becomes a natural progression, further bridging the gap between traditional finance and decentralized finance as these worlds continue to converge.","\"Our partnership with Pyth is an important milestone in Revolut's journey to modernize finance. As DeFi continues to gain traction, Pyth's position as the backbone of the industry will help Revolut capitalize on this transformation. By working with Pyth to provide our reliable market data to applications, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need.” — Mazen Eljundi, Global Business Head of Crypto at Revolut","Developers looking to modernize the way our markets work today need an answer to the oracle problem—bringing off-chain data to the on-chain world trustlessly. With Pyth, developers not only enjoy access to the price data necessary for securely running smart contract applications, they also benefit from ultra-low latency, high-fidelity price updates. Data speed and accuracy matter, and thanks to the financial institutions and banks, including Revolut, contributing their data to the Pyth oracle, builders can access over 500 real-time feeds for digital and traditional assets.","The ever-increasing involvement of established financial institutions signals a new era where traditional finance converges with decentralized finance in performance, while DeFi continues to lead in accessibility. As globally-trusted institutions like Revolut step forward to become market data publishers for the Pyth Network, the wider Web3 ecosystem can tap into this previously inaccessible information and roll out the next generation of financial services and applications – enabling dApps to compete with apps.","If you want to join the next generation of finance, you can learn more about what it means to become a Pyth Network market data publisher and how you can help shape the markets of tomorrow.","“Pyth’s collaboration with Revolut is part of a larger trend we’re seeing, where traditional banking institutions, trusted by millions of customers globally, are recognizing the value of decentralized finance and digital assets. Together, we are driving the future of finance, where transparent and reliable data empowers the next generation of financial applications.” — Mike Cahill, CEO of Douro Labs and contributor to the Pyth Network","There’s a revolution in the way we do finance, and it’s now powered by Pyth.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-and-revolut-supercharging-the-future-of-mainstream-finance"},"/blog/introducing-pyth-lazer-launching-defi-into-real-time":{"version":1,"title":"Introducing Pyth Lazer: Launching DeFi Into Real-Time - Blog - Pyth Network","description":"Lazer provides ultra-low-latency price data, enabling real-time responsiveness for DeFi and CeFi trading applications.","keywords":"","h1":["Introducing Pyth Lazer: Launching DeFi Into Real-Time"],"h2":["The New Industry Standard for DeFi","Key Features","How Pyth Lazer Works","Transforming Latency-Sensitive Trading with Pyth Lazer"],"h3":["Tackling Latency Head-On","Market Insights for DeFi","Deciding Whether Pyth Lazer is Right For You","A Word from Our Partners"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Lazer provides ultra-low-latency price data, enabling real-time responsiveness for DeFi and CeFi trading applications.","Announcements","Jan 14, 2025","Most crypto natives aren’t willing to accept a harsh-but-true reality: DeFi will never compete with TradFi as long as oracle latencies fail to catch up with real-time price updates.","Why? Because in trading, success or failure comes down to one thing:","Speed.","Speed is the ultimate competitive advantage—full stop.","A delay of even a few milliseconds can mean the difference between capitalizing on an opportunity or watching it slip away. In high-frequency trading, it’s not just about being right—it’s about being first. Faster systems capitalize on market movements, lock in profits, and keep liquidity flowing and deep. Meanwhile, slow execution undermines order quality, leading to slippage, inefficiencies, missed arbitrage opportunities, and costly mistakes in volatile markets.","Here’s the problem: while DeFi applications have made significant strides with solutions like Pyth Price Feeds, the broader ecosystem still struggles to match the speed and precision offered by centralized systems, with room for improvement in execution quality and market efficiency. Seconds-long latencies might not sound like much, but in trading terms, it’s an eternity. By the time you blink your eyes, you’re missing out on a meaningful arbitrage opportunity that a centralized platform would let you exploit effortlessly.","Enter Pyth Lazer.","Let’s make things as fast as possible: Pyth Lazer delivers ultra-granular price feeds and market data with update times as short as 1 millisecond.","You read that right—1 millisecond.","With blazing, real-time performance, Pyth Lazer is built for protocols that demand speed—like perpetual futures and trading applications competing head-to-head with CeFi standards, setting a new benchmark for speed-sensitive, on-chain trading.","Thanks to Pyth Lazer, DeFi isn’t just keeping up anymore—it’s getting ready to leave TradFi in the dust.","From this moment forward, DeFi moves at the speed of Pyth.","The DeFi landscape is evolving fast.","Over the past two years, we’ve seen a surge in highly performant blockchains aiming for sub-second block times, driven by the explosive growth of latency-sensitive applications like perpetual futures and derivatives. In fact, the decentralized derivatives market has grown to over $20 billion in daily trading volume, with no signs of slowing down.","For these use cases, speed isn’t optional—it’s everything. Today’s DeFi users demand solutions that can match or beat the performance of CeFi platforms, while CeFi builders are increasingly exploring the advantages of decentralized infrastructure. The bar has been raised, and the users’ desire is clear: real-time performance is more important than ever.","This shift is pushing developers to rethink their needs. They require (and deserve) lightning-fast speeds to rival centralized sources, access to diverse, high-quality data, and the ability to serve both DeFi and CeFi users seamlessly. All of this must be achieved while finding the right balance between CEX-level performance and the ethos of decentralization.","Pyth Lazer delivers true ultra-low sub-second latency price updates and rich market data for up to 1,000+ assets, redefining industry standards. Through a calculated tradeoff of some elements of decentralization to achieve instantaneous data, Pyth Lazer strikes a pragmatic balance between high-speed performance and the core principles of DeFi.","For protocols where speed is king, this tradeoff makes sense. Pyth Lazer offers the performance edge these applications need, while Pyth Core—formerly known as Pyth Price Feeds—remains the choice for protocols prioritizing robust decentralization alongside reliable performance.","Whether you choose Pyth Lazer or Pyth Core, your protocol will be at the forefront of the evolving global digital asset markets.","Speed and latency have always been a thorn in DeFi’s side, opening the door to risks like oracle front-running. Picture this: a trader catches a price update just milliseconds before it hits a DeFi protocol. In that tiny window of time, they manipulate the market to secure a more favorable trade, leaving others to pay the price. These latency-based exploits thrive in environments like mempools or during rapid price swings on centralized exchanges—devastating everyone except the fastest players.","Pyth Lazer eliminates this gap.","While Pyth Core already offers solutions to mitigate front-running risks, Pyth Lazer takes oracle performance to a whole new level for protocols requiring true ultra-low latency and extremely high frequency updates. For protocols willing to trade some elements of decentralization for faster data, Pyth Lazer tackles these challenges head-on.","In addition to sub-second latencies and price streams with 1ms updates, Pyth Lazer also supports 50ms and 200ms streams, as well as customizable frequencies. Developers can choose from multiple frequencies, as real-time price streams are not always useful in every scenario. For example, some protocols may want to operate on fixed frequencies or throttle oracle updates as per their slot creation.","Pyth Lazer gives protocols the flexibility to choose the speed they need to stay ahead of the game and ensures real-time synchronization with market movements—something traditional oracles cannot match.","To rival centralized solutions, hybrid and on-chain finance protocols need access to richer, more detailed market data. Centralized exchanges have long dominated this space, offering insights like market depth and bid-ask spreads—data that DeFi protocols have struggled to match. This gap puts decentralized applications at a disadvantage, especially when catering to CeFi users who expect this level of detail.","Pyth Lazer can bridge this divide by delivering a comprehensive suite of market data tailored to the needs of modern protocols. From bid-ask prices to market depth—and soon, custom averaging techniques—Pyth Lazer can equip DeFi platforms with the tools to compete head-to-head with centralized systems. By providing this sense of granularity, protocols can respond to market shifts with precision and speed, ensuring equitable access and fair competition for decentralized trading.","With Pyth Lazer, DeFi can now match the data standards of centralized exchanges, unlocking endless possibilities for on-chain finance.","Pyth Lazer offers a specialized deployment for protocols prioritizing speed, precision, and in-depth market insights over traditional decentralized solutions.","Ultra-Fast Frequencies","Designed to outperform even the fastest CEX APIs, Pyth Lazer provides ultra-high-frequency and sub-second latency price feeds tailored to protocols prioritizing truly real-time data. Users can choose from multiple frequency channels based on their specific requirements: a 1ms channel for protocols needing to capture every micro-movement in the market, 50ms and 200ms channels, as well as customizable channels on an on-demand basis. Protocols can align their data consumption style with their performance goals.","On-Chain Efficiency","Pyth Lazer is engineered to minimize compute costs while maximizing performance. Optimized verification processes ensure that price updates are highly efficient in EVM, Solana environments, and beyond. On Solana, for example, Lazer transactions will cost only 15K compute units and support 20 price feeds simultaneously, enabling protocols to consume real-time prices with minimal overhead in high-throughput operations. This efficiency ensures that speed-sensitive protocols can operate cost-effectively without sacrificing performance.","Comprehensive Market Data","Pyth Lazer provides a rich suite of market data rivalling the offerings of CEXs. Protocols gain access to bid-ask spreads, market depth, and soon, moving averages—essential tools for traders navigating volatile markets. Enriched data gives DeFi users the power to make informed decisions, enabling them to analyze liquidity, track order book dynamics, and respond quickly to price shifts. DeFi protocols will be able to deliver the kind of information-rich experience traders take for granted on CeFi platforms.","Customizable Frequency and Visualization","Pyth Lazer can be adapted to the specific demands of protocol developers. Whether you need real-time (1ms) data or lower frequencies for periodic monitoring, Pyth Lazer offers multiple channels and throttling support to ensure seamless frontend performance. Additionally, all data is accessible for historical analysis and can be visualized directly through TradingView so that protocols can track, review, and display price action with precision. Traders and developers can work with the data in the way that best suits their needs.","Data Selection and Scalability","Pyth Lazer is built for scalability and can deliver up to 1,000+ price feeds to meet the diverse needs of today’s DeFi protocools. As user demands evolve, Lazer’s flexible architecture ensures that its price feed suite can grow to include the assets and markets your protocol requires. Whether it’s a new trading pair or an emerging asset class, Pyth Lazer adapts to provide the data your users need to stay ahead.","Support for All Blockchains","Pyth Lazer is built to work seamlessly across blockchain ecosystems, spanning EVM (Ethereum Virtual Machine), SVM (Solana Virtual Machine), and beyond. A seamless integration process makes unparalleled performance accessible to a wide range of developers and users.","To enhance accuracy and security, Pyth Lazer uses diversified data sources and supports circuit-breaker strategies. Protocols can cross-reference Pyth Lazer’s high-speed feeds with Pyth Core feeds, combining real-time performance with added resilience.","Access is straightforward with a custom integration-based model, offering permissioned, ready-to-use data streams. This model eliminates the need for protocols to manage their own oracle infrastructure, allowing them to focus on building and scaling their applications.","While Pyth Core supports a wide range of DeFi needs—including perpetual futures, borrowing/lending, and structured products—protocols that prioritize ultra-fast data delivery may benefit from a customized integration with Pyth Lazer.","Now integrated by Coinbase, Pyth Lazer empowers the exchange’s operations with precise, real-time price feeds for unmatched accuracy and responsiveness to market conditions. Coinbase’s adoption reflects institutional interest in what Pyth Lazer has to offer—not just delivering market data at unprecedented speeds, but also its lightweight design that cuts costs by sharing real-time information with minimal overhead.","“Coinbase International Exchange is dedicated to delivering unparalleled trading experiences. By integrating Pyth's Lazer technology, we’re enhancing the speed and precision of pricing data on our exchange. We’re excited to collaborate with Pyth and continue pushing the boundaries of innovation in the crypto trading space.\" – Marc Zeitouni, CEO Coinbase International Exchange","\"Latency continues to be the primary barrier preventing institutional-grade finance from thriving on-chain. In the world of high-frequency trading, every millisecond counts. That's why we've partnered with Pyth to make real-time market data accessible on 80+ blockchains through their new Pyth Lazer offering. By delivering price updates at 1ms frequencies, a whole new set of applications and use cases become possible.\" — Tim Wu, Head of DeFi at Wintermute","\"As DeFi performance converges with TradFi, speed is becoming the most critical factor in trading and onchain finance. By contributing to Pyth Lazer, we are proud to enable the fastest price data for the next generation of DeFi developers to build with.\" — Jordi Alexander, CEO at Selini Capital","\"Ethereal's mission is to bring institutional-grade perpetuals trading to DeFi, and Pyth Lazer is crucial to achieving this vision. Pyth’s millisecond-level price updates enable performance on par with centralized exchanges while maintaining the benefits of decentralization. This is an absolute game-changer for onchain derivatives trading.” — Fells0x, Founder at Ethereal","If Pyth Lazer sounds like the right fit for your protocol, you can get started here.","You can also join Pyth Network’s official Discord, where the contributing community members will be happy to jump in and answer any questions.","Pyth Lazer is designed to meet the demands of speed-driven markets. By providing real-time data with exceptional precision, Pyth Lazer eliminates inefficiencies and front-running risks, enabling protocols to compete with the performance of traditional systems.","More than a speed-focused tool, Pyth Lazer is part of the Pyth Network’s evolving ecosystem, built to support diverse needs across DeFi and CeFi. From high-frequency trading to fully decentralized platforms, Pyth gives protocols the tools to thrive in high-performance markets.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pyth-lazer-launching-defi-into-real-time"},"/blog/collecting-the-price-of-everything-introducing-pyth-energy-feeds":{"version":1,"title":"Collecting the Price of Everything: Introducing Pyth Energy Feeds - Blog - Pyth Network","description":"Pyth Network launches energy price feeds, enabling DeFi to power real-world asset markets like oil & gas. Expanding DeFi beyond crypto.","keywords":"","h1":["Collecting the Price of Everything: Introducing Pyth Energy Feeds"],"h2":["Why On-Chain Energy Feeds Matter","Pyth Price Feeds for WTI and Brent"],"h3":["Developers"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches energy price feeds, enabling DeFi to power real-world asset markets like oil & gas. Expanding DeFi beyond crypto.","New Products","Dec 16, 2024","While most people interact with blockchain technology to trade crypto, this use case is really just a fraction of the future that Pyth is enabling. Today, with the launch of Pyth Energy Feeds, Pyth Network is delivering reliable price data for energy assets—think WTI (West Texas Intermediate) and Brent crude oil.","Developers can start building energy markets immediately, expanding the scope of DeFi beyond cryptocurrencies to power real-world assets (RWAs) like energy commodities, metals, equities, and ETFs.","This expansion of Pyth Price Feeds is a big step forward in Pyth’s mission to collect the price of everything, paving the way for decentralized markets to power a truly accessible global financial system. Let’s dive in:","If DeFi is to expand beyond crypto trading, integrating traditional assets into decentralized systems will play a key role in making that growth possible. Across current traditional markets, the energy sector commands market valuations in the trillions. The introduction of energy assets to DeFi brings about more legitimacy and relevance for traditional investors, expanding the industry’s reach and impact through institutional players interested in deploying capital on-chain. WTI and Brent in particular are crucial benchmarks for global oil prices, influencing everything from economies to geopolitics.","Key Advantages of On-Chain Energy Price Feeds:","Asset Diversification: Energy assets allow DeFi users to diversify portfolios beyond crypto.","Risk Mitigation: Energy prices, influenced by global events, can serve as hedging tools.","Enhanced Liquidity: Energy markets are highly liquid, attracting more capital into DeFi.","Alignment with TradFi: Including familiar assets helps bridge traditional and decentralized finance.","New Financial Products: Developers can create innovative tools using energy data, catering to retail and institutional users.","Developers can permissionlessly integrate WTI and Brent price feeds from Pyth Network's comprehensive suite:","WTI Crude Oil","WTI1M: Aggregated price for the front-month futures contract for one barrel of WTI Crude Oil.","WTI2M: Aggregated price for the second-month futures contract for one barrel of WTI Crude Oil.","WTI3M: Aggregated price for the third-month futures contract for one barrel of WTI Crude Oil.","USOILSPOT: Aggregated price for a non-expiring Contract for Difference (CFD) that tracks the price of WTI Light Sweet Crude Oil.","The roll of these futures is executed automatically after expiry, typically 3–4 days before the 25th of each month. The roll takes place following the Last Trade Date (LTD), after market close. At the next market open, publishers begin sourcing data from the new contract.","Brent Crude Oil","BRENT1M: Aggregated price for the front-month futures contract for one barrel of Brent Crude Oil.","BRENT2M: Aggregated price for the next-month futures contract for one barrel of Brent Crude Oil.","BRENT3M: Aggregated price for the after-next-month futures contract for one barrel of Brent Crude Oil.","UKOILSPOT: Aggregated price for a non-expiring Contract for Difference (CFD) that tracks the price of Brent Crude Oil.","The roll of these futures is executed automatically after expiry, typically 1-3 days before the end of each month. The roll takes place following the Last Trade Date (LTD), after market close. At the next market open, publishers begin sourcing data from the new contract.","Integrating the WTI or BRENT price feeds? In term of best practices, it is recommended to avoid relying solely on the 1-month (1M) expiry price feed, as liquidity often decreases closer to expiration, which can affect accuracy. For more reliable results, it is best to calculate a weighted average across the 1-month, 2-month, and 3-month feeds. For detailed guidance, refer to the documentation.","You can also consider integrating the USOILSPOT or UKOILSPOT price feed directly. These feeds eliminate the need to build the weighting mechanism required for WTI feeds, offering a more streamlined solution.","If you’re ready to get started, make sure to check out the docs and other resources here:","Website","Documentation","Best Practices","Join the Discord","Pyth Energy Feeds are designed to drive innovation and support the evolution of a global financial system. Whether you’re creating new markets or improving existing ones, Pyth provides the data you need to elevate your application.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/collecting-the-price-of-everything-introducing-pyth-energy-feeds"},"/blog/op-grant-program-kickoff":{"version":1,"title":"OP Grant Program Kickoff - Blog - Pyth Network","description":"Pyth Network & Optimism DAO launch gas rebates! Developers can now access up to 70k OP tokens, boosting DeFi integration on OP Mainnet.","keywords":"","h1":["OP Grant Program Kickoff"],"h2":[],"h3":["Build with More Freedom than Ever Before","Getting Started"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network & Optimism DAO launch gas rebates! Developers can now access up to 70k OP tokens, boosting DeFi integration on OP Mainnet.","Announcements","Jan 13, 2025","Building on OP Mainnet has never been more accessible.","Pyth Network, the fastest oracle solution in DeFi, is doubling down to support developers like you—in collaboration with the Optimism DAO—to launch a new gas rebate program. Thanks to a grant from the OP Foundation, Pyth-powered applications on OP Mainnet are eligible for up to 70,000 OP tokens in gas rebates—making it easier and more cost-effective than ever to integrate reliable, real-time data into your protocol.","Whether you're new to OP Mainnet or already building something, this initiative is all part of Pyth’s commitment to empowering developers and driving innovation across the EVM ecosystem.","Building in the DeFi space often comes with challenges like high operational costs, leaving less room for innovation. Gas rebates tackles this problem head-on by significantly reducing costs, allowing protocols to allocate more resources toward development and scaling. For builders on OP Mainnet, this program offers a chance to focus on creating your dream dApp without being weighed down by gas fees.","By combining these rebates with Pyth Network’s high-quality, low-latency data feeds, you now get a powerful toolkit for enhancing your on-chain applications. Pyth's reliable, real-time price data strengthens OP Mainnet's infrastructure, creating a robust ecosystem for all your building needs. This program ensures that both cost efficiency and data excellence are at the forefront of building on OP Mainnet.","To get started, just fill out this form. As of Monday, January 13, 2025, rebates will be distributed based on usage, ensuring builders can stop worrying about gas fees and instead focus on what they do best: building.","Keep in mind that integrating Pyth’s price feeds on OP Mainnet comes with myriad advantages for your protocol:","Lower Operational Costs: Gas rebates help reduce expenses, allowing teams to focus their resources on innovation and growth.","Reliable, Decentralized Data: Pyth’s high-quality price feeds deliver real-time, low-latency data, ensuring protocols operate with the precision and reliability needed to thrive in DeFi.","Ecosystem Growth: By leveraging Pyth on OP Mainnet, projects gain the opportunity to expand within the vibrant Optimism ecosystem, connecting with a growing network of builders and users.","Don’t miss out on supercharging your application’s performance on OP Mainnet while cutting back on costs. Be sure to opt in now to get ready for the program’s launch and secure your spot!","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/op-grant-program-kickoff"},"/blog/collecting-the-price-of-everything-pyth-rates-feeds-us-treasury-yields":{"version":1,"title":"Collecting the Price of Everything: Pyth Rates Feeds—US Treasury Yields - Blog - Pyth Network","description":"DeFi gains a key element with Pyth Rates Feed launching US Treasury rates on-chain, boosting competition in lending & borrowing.","keywords":"","h1":["Collecting the Price of Everything: Pyth Rates Feeds—US Treasury Yields"],"h2":["What are US Treasuries","Launching Treasury Rates in DeFi","Getting Started with Pyth Rates Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi gains a key element with Pyth Rates Feed launching US Treasury rates on-chain, boosting competition in lending & borrowing.","New Products","Feb 3, 2025","While DeFi has revolutionized finance as we know it, it’s still missing one of TradFi’s most fundamental building blocks: fixed-income rates. Without access to reliable yield benchmarks, on-chain offerings struggle to compete with traditional markets when it comes to lending, borrowing, and structured products.","But that’s all changing today.","The Pyth contributors recently launched Pyth Rates Feeds, with the rollout of US Treasury Rates across various maturities directly on chain.","US Treasuries are the backbone of global fixed-income markets, serving as the benchmark for risk-free rates. The US fixed-income and swap market moves trillions of dollars every year, shaping everything from corporate debt to global liquidity.","Now, DeFi can integrate real-time treasury feeds across the full interest rate curve with the same level of transparency, accuracy, and reliability that Pyth brings to crypto, equities, and forex.","With Pyth Rates Feeds, developers can unlock a new era of DeFi innovation—enabling on-chain fixed-income products, decentralized lending protocols, and seamless access to one of the world’s most liquid asset classes.","Fixed income is no longer out of reach for DeFi—it’s here. And it’s all made possible by Pyth.","US Treasuries are debt securities issued by the United States Department of the Treasury to finance the operations and obligations of the US government. They represent the government's promise to pay back borrowed money with interest over a specified period of time.","Treasury yields represent the annualized return on investment for holding a bond to maturity, expressed as a percentage of its face value. For example, the 10-Year Treasury Yield (Rates.US10Y) might be displayed as 3.75%, indicating the yearly return an investor would earn.","These yields are widely used as indicators of economic conditions, influencing borrowing costs, investment decisions, and monetary policy. Having these data feeds in a blockchain or DeFi ecosystem would provide robust tools for creating interest rate derivatives, yield farming strategies, and risk management products, enhancing the ecosystem’s financial sophistication.","Blockchain builders have worked to bring debt markets on-chain for years now. The inclusion of US Treasuries as an on-chain asset class changes the game for DeFi, making the following benefits possible:","Stability and Risk Mitigation: US Treasuries provide a low-risk, stable investment option. There’s a strong case to be made for bringing greater stability to the often volatile and speculative nature of DeFi. By incorporating US Treasuries, DeFi users can diversify their portfolios as to mitigate risk and maintaining a reliable income source.","Increased Liquidity: Introduction US Treasuries expands the pool of highly liquid assets available for on-chain trading and lending. Thanks to their deep market liquidity and global recognition, US Treasuries can enhance market depth and attract more institutional participants, ushering in greater trading volume, liquidity, and, as a direct result, capital efficiency for the DeFi industry.","Trust and Credibility: The long-standing reputation of US Treasuries as a safe haven asset brings an additional layer of credibility to the DeFi space. As noted above, the inclusion of this trusted and established asset class can attract traditional investors, institutional players, and regulated entities, further legitimizing DeFi and increasing its mainstream adoption.","Portfolio Diversification: US Treasuries offer DeFi participants the opportunity to diversify their holdings beyond digital assets. By integrating US Treasuries into DeFi protocols, users can access a broader range of investment options and fine-tune their exposures to better meet their own risk profiles.","With the introduction of Pyth Rates Feeds and the US Treasury Rates feeds, developers will be able to permissionlessly integrate the following tenors:","Rates.US1M: Yield on the 1-month U.S. Treasury Bill.","Rates.US3M: Yield on the 3-month U.S. Treasury Bill.","Rates.US6M: Yield on the 6-month U.S. Treasury Bill.","Rates.US1Y: Yield on the 1-year U.S. Treasury Note.","Rates.US2Y: Yield on the 2-year U.S. Treasury Note.","Rates.US5Y: Yield on the 5-year U.S. Treasury Note.","Rates.US7Y: Yield on the 7-year U.S. Treasury Note.","Rates.US10Y: Yield on the 10-year U.S. Treasury Note.","Rates.US30Y: Yield on the 30-year U.S. Treasury Bond.","If you’re ready to get started, make sure to check out the docs and other resources here:","Website","Documentation","Best Practices","Discord","Pyth Rates Feeds are designed to drive innovation and support the evolution of a truly global financial system. Whether you’re creating new markets or improving ones that already exist, Pyth provides the data you need to take your project to the next level.","As always, we want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/collecting-the-price-of-everything-pyth-rates-feeds-us-treasury-yields"},"/blog/magicblock-and-lazer-powering-a-new-wave-of-speed-for-solana-defi":{"version":1,"title":"MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi - Blog - Pyth Network","description":"Solana DeFi speeds up with MagicBlock’s integration of Pyth Lazer. Real-time engine boosts transaction performance, closing the gap with traditional finance.","keywords":"","h1":["MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi"],"h2":["MagicBlock: Enhancing Solana's Capabilities","Pyth Lazer and MagicBlock Integration","Benefits of This Integration","Moving DeFi Forward","Flash Trade: MagicBlock and Pyth Lazer in Action","Building the Future"],"h3":[],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Solana DeFi speeds up with MagicBlock’s integration of Pyth Lazer. Real-time engine boosts transaction performance, closing the gap with traditional finance.","Events","Mar 7, 2025","Speed wins in finance. Always.","While DeFi has made significant progress over the years, closing the performance gap with traditional finance remains an important challenge. MagicBlock's integration of Pyth Lazer is helping address this challenge and make Solana DeFi go faster—much faster.","MagicBlock is a real-time engine that extends Solana's functionality through Ephemeral Rollups—specialized, just-in-time environments that improve transaction processing for selected parts of applications while maintaining full compatibility with the Solana ecosystem.","This approach allows builders to significantly improve performance for specific operations without sacrificing the benefits of building on Solana.","What does this mean for developers?","It means applications can process certain transactions more efficiently, enabling more responsive DeFi platforms, fully on-chain games, and other applications that require enhanced performance.","The integration of Pyth Lazer helps address this challenge by bringing faster price updates to applications built on MagicBlock.","Pyth Lazer delivers price updates at 1 millisecond intervals—a significant improvement over typical price feed product speeds. This rapid data delivery allows applications to work with real-time market data.","When combined with MagicBlock's performance-focused execution environment, this creates new possibilities for DeFi applications.","“MagicBlock’s ephemeral rollups enable us to deliver the lowest-latency, high-performance trading experiences, while Pyth Lazer ensures that our partners have the most accurate real-time data. Together, we’re eliminating the barriers to high-performance DeFi and we are paving the way for institutional-grade products.”","— Andrea Fortugno, Co-Founder of MagicBlock","The combination of Pyth Lazer with MagicBlock's Ephemeral Rollups offers several important advantages for traders:","Real-time market data that captures more price movements","Improved execution speed for acting on that data","Decentralized architecture with reduced central points of failure","Seamless compatibility with the broader Solana ecosystem","This will help equip DeFi with the capabilities it needs to create user experiences that are as fast and seamless as traditional offerings.","The DeFi landscape continues to evolve rapidly. The derivatives market has grown substantially, with increasing demand for solutions that combine performance with decentralization.","MagicBlock’s integration with Pyth Lazer represents an important step forward in this evolution, helping to narrow the performance gap between decentralized and centralized systems.","This isn't just about outpacing TradFi; it's about making DeFi as fast and functional as traditional alternatives so that a new wave of financial infrastructure can be made available to all—one that’s fully transparent and open.","Flash Trade v2, a decentralized margin perpetuals exchange, implemented MagicBlock's ephemeral rollup technology to create a high-performance DEX.","Flash Trade faced the typical challenges of decentralized exchanges—slow transaction processing, dropped transactions during congestion, and limited computational resources. By combining MagicBlock's ephemeral rollup technology with Pyth Lazer's sub-second price feeds, they've created a high-performance perpetuals exchange that processes transactions with minimal latency, maintains security by keeping collateral on-chain, and accesses up-to-date market data for accurate pricing and risk management.","For years, we've worked to improve the performance of decentralized systems, recognizing that technical limitations have sometimes constrained what was possible to build.","With MagicBlock and Pyth Lazer, builders like Flash Trade are narrowing the gap between centralized and decentralized finance, moving us all towards the next generation of transparent and accessible financial infrastructure.","Learn more through MagicBlock's documentation and Pyth Lazer documentation.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/magicblock-and-lazer-powering-a-new-wave-of-speed-for-solana-defi"},"/blog/introducing-the-new-community-council":{"version":1,"title":"Introducing the New Community Council - Blog - Pyth Network","description":"Pyth Community Council established to boost engagement & amplify the Pyth community’s voice. A new chapter for Pyth network growth.","keywords":"","h1":["Introducing the New Community Council"],"h2":["About the Community Council","Next Steps","Join the Discussion"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Community Council established to boost engagement & amplify the Pyth community’s voice. A new chapter for Pyth network growth.","Updates","Mar 5, 2025","Without a doubt, the Pyth community has been a constant source of creativity, inspiration, and drive for the network and its ecosystem. And today, the Pyth contributors are thrilled to start a new chapter by welcoming the Community Council.","On March 5, 2025, the Pyth Network DAO voted to establish the Pyth Community Council—a dedicated 7-member body responsible for overseeing community initiatives, fostering engagement, and amplifying the collective voice of the Pyth community.","Previously, the Pyth DAO operated with two bodies: the Pythian Council and the Price Feed Council, each with their own responsibilities. But the community identified a gap in direct community affairs management, and the new Pyth Community Council is set to address this need by providing dedicated oversight of community-related matters.","As outlined in forum discussions, the Pyth Community Council initiative reinforces the Pyth community's commitment to decentralization, active participation, and proper representation of community interests in the network's development. The council's core mandates include:","Value Creation","Collective Voice","Network Growth","Community incentives","Partnership development","Research initiatives","The Community Council is a governance body of seven elected members who jointly manage a Community Multisig Wallet. Through powers delegated by the Pyth DAO, this wallet enables the council to execute approved actions.","Council members are assigned specific roles, including Council Lead, Administration, Impact Operations, Partnerships and Collaborations, and Analyst, empowering members to focus on both their individual areas of expertise and coming together as a team.","Council members serve staggered 12-month terms, with elections held annually to replace two members per cycle while retaining the remaining five based on tenure, previous election votes, and multisig participation.","Members with less than one-third voting participation during their term are ineligible for re-election.","In case of an unscheduled vacancy, the highest non-elected candidate from the previous Community Council election is offered the seat.","The Pyth DAO has also adopted changes to its constitution to reflect the addition of the Community Council, its responsibilities, and procedures associated with its election.","Now that the Pyth DAO has approved the proposal, stay tuned for announcements on:","Starting the Community Council Nomination process in the Pyth Forum","Voting (on-chain) to decide the Community Council members","Voting (on-chain) to approve the elected Community Council members","If you think you'd make a great Community Council member, now is the time to consider your potential role in the network and craft your message for the wider community.","Pyth DAO Forum","Discord","Telegram","Community Council Proposal","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-the-new-community-council"},"/blog/the-open-source-price-layer-introducing-insights-hub":{"version":1,"title":"The Open Source Price Layer: Introducing Insights Hub - Blog - Pyth Network","description":"DeFi’s still risky. Lack of real-time price data integrity impacts traders, builders, and institutions – a concerning reality.","keywords":"","h1":["The Open Source Price Layer: Introducing Insights Hub"],"h2":["Meet Insights Hub: Illuminating DeFi’s Black Box","Get the Most from the Pyth Network"],"h3":["What You Get with Insights Hub","Publishers","Price Feeds","A Single Source of Truth for Price Data"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi’s still risky. Lack of real-time price data integrity impacts traders, builders, and institutions – a concerning reality.","New Products","Feb 26, 2025","Forget what you’ve heard: DeFi is still a dark forest, despite the 2021 song and dance about how the industry prioritizes trust and transparency above all else.","Sounds pessimistic? Let’s take a look at how, right now, builders, traders, and institutions lack real-time insights into the integrity of the price data they rely on:","Traders can’t easily verify the price of assets","Builders have to trust that the data they're ingesting is accurate and reliable","Institutions still eschew decentralized options and rely on legacy systems","These frustrations pose an even bigger problem if we expect our financial system to be fully reimagined into something that's fair and open to all.","Why?","While traditional markets are fast and cheap by consumer standards, they’re still highly fragmented and largely inaccessible. Decentralized tools have the potential to foster a truly frictionless and equitable global market, but transparency and accountability are the missing pieces. Without clear, verifiable data, traders will never feel confident, builders will struggle to innovate, and institutions will choose to remain on the sidelines.","Enter Insights Hub — your new favorite dashboard for the true price of everything.","Get ready to see how it all happens, under the hood:","Real-Time Price Verification — Get Pyth’s price feeds in real-time and gain insight into the quality of every feed and publisher.","Live Feed Analytics — See the live performance, accuracy, and technical aspects of all data feeds to help with Price Feed integration. You can also easily see which feeds are upcoming.","Publisher Performance Transparency — Access publisher performance and data quality metrics. This transparency helps make the network more robust and secure.","Most importantly, Insights Hub is how Pyth continues to lay the foundation for an upgraded financial system—all starting with a single source of truth for prices. Ready to see how Insights Hub is raising the bar for transparency, accountability, and integrity?","Don’t trust—verify. Let’s dive in.","As Pyth Network’s new analytics hub that offers a real-time view of network performance, price feed data, and adoption metrics, Insights Hub provides deep visibility into data feed and publisher performance. Builders, traders, and institutions get actionable insights to optimize their decisions.","While other data providers remain closed and largely opaque, Pyth sets itself apart as the open-source price layer—giving everyone the tools they need to track, verify, and integrate price data with confidence, no matter what chain they might be building on. Even though builders often struggle to find reliable, high-performance price feeds across varying ecosystems, Pyth Data is available wherever DeFi lives.","Data Feed Performance: Insights Hub shows real-time price action of all Pyth Price Feeds. Every feed page delivers a full breakdown of the price data performance, confidence, integrity, and components (data sources).","Data Source Transparency: Insights Hub openly shares a full ranking of all of the network’s data publishers with a clear methodology. Every publisher has their own page displaying their performance in terms of uptime, price deviation, staleness, and data feed count.","Market Intelligence: Developers and analysts can track Pyth Network’s adoption and growth metrics, price feed performance, and OIS activity for actionable insights. Fast access to asset metadata, price feed APIs, and upcoming feed notifications makes for an easier integration experience.","Insights Hub delivers transparency over the network status and performance, and maximizes productivity for integrators.","Get insights about quality, ranking, and performance of each data publisher contributing to Pyth Network.","See information about every price feed’s price, performance, components, and technical aspects—all in one place.","With Insights Hub, every layer of Pyth’s ecosystem is now fully visible—giving builders, traders, and publishers the data they need to push our new financial system forward.","Insights Hub lays the foundation for a seamless global financial market—one where a single source of truth replaces ambiguity, and accuracy replaces speculation.","With Insights Hub, the future of DeFi is no longer a black box. Now, the price of everything is here for all to see.","Explore Insights Hub now and see price data like never before.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-open-source-price-layer-introducing-insights-hub"},"/blog/a-global-market-without-borders-unlocking-the-largest-us-equities":{"version":1,"title":"A Global Market Without Borders: Unlocking the Largest US Equities - Blog - Pyth Network","description":"DeFi expands beyond crypto trading, unlocking global financial access. Blockchain enables wider investment opportunities and transparent data.","keywords":"","h1":["A Global Market Without Borders: Unlocking the Largest US Equities"],"h2":[],"h3":["From Wall Street to Web3: Creating a Borderless Financial Market","Don’t Settle for Less","Powering the Future of Finance with First-Party Data","Scaling for What Comes Next: Pythnet V1.2"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi expands beyond crypto trading, unlocking global financial access. Blockchain enables wider investment opportunities and transparent data.","New Products","Mar 12, 2025","What if we told you DeFi was meant for more than just trading crypto? That blockchain technology is finally poised to unlock financial opportunities at an unimaginable scale?","Picture a world where:","A trader in Indonesia can invest in the hottest IPOs right alongside Goldman Sachs","An investor in Nigeria can build a global VC portfolio without any barriers","Market data flows freely to everyone—without paywalls or exclusive trading desks","Now, what if we told you that this isn't some far-off dream—that it's unfolding today?","With the launch of over 570 new price feeds covering the top 500 US stocks by market cap and the 100 most-traded non-financial companies found on the Nasdaq Stock Market, Pyth Price Feeds now exceed 1,000 symbols, expanding access to real-time market data like never before. Today, Pyth is:","Making previously inaccessible data available for free to global users across 100+ blockchains and off-chain platforms like OpenBB and TradingView","Creating the first truly open price layer, enabling seamless financial services across DeFi, TradFi, and beyond","Powering a revolution with first-party market data from leading banks, exchanges, and financial institutions","This is just the beginning of Pyth’s mission to unlock the price of everything. With 1,000 symbols live today and taking steps towards launching the next 10,000 tomorrow, it’s all being made possible.","While industries like entertainment and transportation have expanded seamlessly across borders (think: Spotify in India, Netflix in Indonesia, and Uber in Brazil), financial markets remain largely restricted for most of the world due to fragmentation, inaccessibility, and legacy infrastructure. This includes:","Regional restrictions on trading and investments","High fees and delays in cross-border transactions","A lack of real-time data for the vast majority of traders’ decision-making","Legacy rails such as SWIFT codes, routing numbers, and intermediaries","Unsustainable market data pricing, which locks out most traders except the elite","What’s the bottom line? Many assets remain out of reach depending on your location and what you want to trade. And while DeFi was created to remove these barriers, it’s still missing a crucial piece: access to all asset prices. Blockchain technology alone can’t fix this since it can’t simply “plug into” Bloomberg Terminal, and free alternatives like Yahoo! Finance and Google Finance aren’t going to cut it.","To achieve true financial freedom, all forms of value need to flow seamlessly across borders—unlocking a more open and inclusive global economy.","Reaching this end stage will require:","Breaking free from legacy systems","Unlocking markets that were previously inaccessible to most traders","Enabling 24/7 global access to all asset classes","While the above can be made possible by tokenizing assets, there’s still a missing piece:","A universal source of truth for asset prices—one that bridges DeFi and TradFi, on-chain and off-chain systems, across every market.","DeFi and TradFi were never meant to be enemies. The real unlock lies in combining their strengths:","Decentralization and trustless infrastructure from DeFi","Deep liquidity and mature assets from TradFi","Unified by real-time, first-party data from trusted sources","This is where Pyth Network comes in.","Pyth provides the universal price layer: fully decentralized infrastructure that enables any asset to be traded anywhere. Now, the next evolution of finance is finally within reach, forging a global market that’s frictionless, borderless, and open to all.","Don’t get ripped off. Don’t settle for bad prices.","Your trades deserve precision and protection from manipulation. Pyth is designed to deliver the purest and and most accurate prices, giving you direct access to fair, real-time market data across crypto and traditional assets.","This mission goes beyond DeFi; it's about addressing fundamental financial inefficiencies like high fees, slow international transfers, and restricted access to global markets. Bringing hundreds of price feeds for the most significant US equities on-chain opens the path to a more open, inclusive financial system:","Say goodbye to delays, hidden fees, and intermediaries","Enable real-world financial tools for emerging markets and beyond","Bridge legacy finance with a decentralized, global-first economy","Pyth Network is the only price layer bringing first-party data on-chain. For years, leading banks, exchanges, and financial institutions—including Revolut, AMINA Bank, Cboe Global Markets, and LMAX—have contributed their high-precision data directly to Pyth. Through this price layer, builders can access real-time pricing for both crypto and traditional assets, including US equities, without the need for costly Bloomberg Terminal or Refinitive subscriptions.","Starting today, you can get instant access to the same institutional-grade data that top traders rely on—without paying an exorbitant sum. Explore the newest equity feeds by Pyth here.","At the heart of Pyth's ever-expanding ecosystem lies a game-changing infrastructure upgrade: Pythnet V1.2. This enhancement supercharges Pyth's ability to process data, scale effectively, and maintain rock-solid reliability.","What Pythnet V1.2 means for you:","Seamless scalability to handle thousands of price feeds across a growing universe of assets","Increased throughput for data publishers, allowing more institutions to contribute real-time data","Ultra-fast price updates delivering the most accurate market data to both DeFi and TradFi","Future-ready architecture establishing the backbone of a truly global, real-time financial network","Today, Pyth isn't just bringing markets on-chain—it's transforming how financial data flows across Web2, Web3, and beyond.","What will you build with Pyth?","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-global-market-without-borders-unlocking-the-largest-us-equities"},"/blog/introducing-fogo-flames-from-the-fastest-l1-in-history-powered-by-pyth":{"version":1,"title":"Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth - Blog - Pyth Network","description":"Fogo launches Flames, a new points program for on-chain traders. Stack flames, contribute & drive impact with Pyt Network’s fast L1 blockchain.","keywords":"","h1":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth"],"h2":[],"h3":["What is Fogo?","What is the Fogo Flames Program?","What is Oracle Integrity Staking (OIS)?","Get Started!"],"h4":["Similar stories"],"h5":["MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity","Starknet Selects Pyth Network as Oracle Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Fogo launches Flames, a new points program for on-chain traders. Stack flames, contribute & drive impact with Pyt Network’s fast L1 blockchain.","Events","Apr 1, 2025","Ready to turn up the heat?","Today, Fogo, an SVM L1 built for the most serious on-chain traders, is launching Fogo Flames—a new points program designed for community members who want to stack flames, climb the ranks, and drive real impact as a contributor.","Here, we’ll dive into what Fogo is, how to start stacking Flames, and how Pyth Network is a core component of the fastest L1 in blockchain history.","It’s impossible to ignore the fact that there’s still a huge performance gap between DeFi and TradFi. Since top traders and institutions prioritize performance above all else, they’ve hesitated to embrace decentralized systems. As a result, DeFi is still sitting on the sidelines, lagging behind the rest of the finance industry in speed and user adoption.","Fogo is here to close that gap.","By using the Firedancer client in its purest form, Fogo can deliver real-time experiences at unprecedented scale in the blockchain world. The system's core innovations include multi-local consensus, optimized client performance, and streamlined validator set management. This technical foundation supports Fogo's mission: bringing institutional-grade finance on-chain by uniting TradFi performance with decentralized infrastructure. It’s also dedicated to laying the foundation for the future of dApps and building the strongest community in the game—crucial steps in making the next generation of finance available to as many participants as possible.","The Pyth price layer provides secure price data across all major blockchain ecosystems, and Pyth Price Feeds will be integrated directly into Fogo to deliver real-time, native market data to builders. Additionally, Ambient Finance will power the platform's enshrined DEX, creating a unified trading experience that seamlessly connects execution, price, and settlement layers. The Fogo Flames program build on these foundations and is designed for a community ready to drive the next phase of DeFi.","Here’s how the Fogo Flames Program Works:","At the end of each week, Flame distributions are calculated and awarded, which accumulate over time as part of a user’s total score which will be displayed on a community leaderboard.","Here are the categories you can participate in to earn your Flames:","Pyth Network - Oracle Integrity Staking: Stake PYTH tokens through Oracle Integrity Staking","Ambient Finance: Trade tokens or deposit them to an LP vault","Fogo Discord: Hold a role in the Fogo Discord","Fogo Twitter: Share and engage with content from the Fogo main account","OIS is the Pyth Network’s mechanism for holding data publishers accountable and rewarding them for contributing the most accurate data—all while empowering the community to make DeFi more secure. Publishers stake PYTH tokens to earn rewards, and they risk slashing penalties if they submit faulty data. Meanwhile, anyone can also stake their PYTH towards publishers, helping boost the network’s level of security. Decentralized rewards (or slashing penalties) are programmatically distributed between publishers and stakers.","This means every Pyth price feed—even the most specialized ones—has economic incentives behind it to provide accurate, reliable data. This represents a significant advancement in creating a safer, smarter, and more resilient DeFi ecosystem.","To date, over 639M PYTH have been staked to OIS. By staking your PYTH here, you can help protect DeFi while stacking Fogo Flames.","Ready to start getting Flames? Here’s everything you need:","Blog","Documentation","In-depth tutorial video","Be sure you stake to OIS, not (just) Pyth Governance. If you’ve staked PYTH in the past—before the launch of OIS—those tokens are staked to Pyth Governance. You can stake these tokens to OIS from the Pyth Staking Dashboard without unstaking from governance or withdrawing them altogether.","The Pyth Community is excited for you to help fuel the fire and join the movement!","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","Jul 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-fogo-flames-from-the-fastest-l1-in-history-powered-by-pyth"},"/blog/pyth-x-integral-rewriting-the-market-data-economy":{"version":1,"title":"Pyth x Integral: Rewriting the Market Data Economy - Blog - Pyth Network","description":"By partnering with Pyth, Integral is bringing its infrastructure on-chain—turning traditional FX pipelines into decentralized, composable data sources.","keywords":"","h1":["Pyth x Integral: Rewriting the Market Data Economy"],"h2":[],"h3":["Integral is changing the game","Finance is in its revolution era"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","By partnering with Pyth, Integral is bringing its infrastructure on-chain—turning traditional FX pipelines into decentralized, composable data sources.","Data Providers","May 7, 2025","You heard it here first: Pyth is on a mission to collect the price of everything, and that mission is only becoming more and more real each day—thanks to some of the top institutions in the world.","Today, Pyth Network and Integral are embarking on a new partnership—one that highlights how institutions are helping rewrite the market data economy by making financial information affordable and accessible to all.","But what makes this partnership so special is the fact that Integral is helping new publishers on Pyth effortlessly revolutionize market data as we know it. That’s because Integral makes it easier than ever for institutional market participants to publish—and profit from—their financial data by enabling its clients to become Pyth publishers without any additional setup. By hosting data on their behalf, Integral lowers the barriers for institutions to contribute high-quality price data to the network, empowering data owners like never before.","When it comes to currency infrastructure, Integral is already the backbone of some of the world’s most well-known financial institutions. By partnering with Pyth, Integral is bringing its infrastructure on-chain—turning traditional FX pipelines into decentralized, composable data sources.","Here’s everything you need to know:","Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers, and cross-border payment companies","Its cloud-native tech stack solves real currency problems for global businesses and its tech is deeply embedded into institutional workflows and customer-facing services","It’s trusted by major players like Mizuho, Raiffeisen Bank, Pictet, Banco Base, Access Bank Nigeria, IUX, Swiss Finance Corporation, ODDO BHF, StoneX, and more","For decades, the price of market data has been sky-high—and tightly guarded by an elite few. But that way of operating is changing fast.","Think about it like this:","The legacy market data model thrives off of exclusive access, premium pricing, and zero transparency","The emerging model offers real-time feeds, affordable access, and an ever-growing number of symbols","With every new integration, Pyth Network gets:","More price feeds","More accurate data","More institutional reach","This is just the beginning of what the future of finance is set to look like: real-world data is melding with open markets, powered by new incentives and game-changing infrastructure.","And while others are adapting to this shift, Pyth is already leading the charge, delivering the price of everything, everywhere.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-x-integral-rewriting-the-market-data-economy"},"/blog/making-the-uk-s-most-traded-equities-accessible-to-all-no-terminal-required":{"version":1,"title":"Making the UK’s Most Traded Equities Accessible to All—No Terminal Required - Blog - Pyth Network","description":"Pyth is bringing real-time, on-chain pricing for the UK’s most actively traded equities to developers, builders, and protocols everywhere.","keywords":"","h1":["Making the UK’s Most Traded Equities Accessible to All—No Terminal Required"],"h2":[],"h3":["From London to Layer 1s","A New Market Data Economy","Trusted by Institutions. Used by Everyone","One Price Layer. Endless Possibilities"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth is bringing real-time, on-chain pricing for the UK’s most actively traded equities to developers, builders, and protocols everywhere.","New Products","Jun 18, 2025","Behind every trade, there’s a foundational component that can’t be ignored: real-time, reliable market data.","But that foundation has been closed off for too long. Today, the price feeds that fuel global finance are bought and sold behind gated terminals, locked into legacy infrastructure, and accessible only to an elite few.","ICYMI:","Nasdaq’s U.S. market data revenue rose from ~$270M in 2012 to over $600M by 2023","ICE, owner of the NYSE, made $1.4B from market data and connectivity services in 2023 alone","2024 saw record-breaking spending allocated towards market data, much of it locked into legacy systems.","The fact remains: if you can’t access high-fidelity, real-time data, you can’t access the market.","Pyth Network is rewriting that model.","Today, Pyth is bringing real-time, on-chain pricing for the UK’s most actively traded equities to developers, builders, and protocols everywhere—no terminal required.","As one of the most liquid and closely followed equity markets worldwide, the UK is represented by the FTSE 100: a benchmark index capturing the top 100 companies by market cap on the London Stock Exchange.","With this launch, anyone can access on-chain prices for these companies, including:","Global banks and insurers","Energy majors and industrials","Household-name retailers and manufacturers","What once required costly data terminal access or direct exchange subscriptions is now accessible to anyone, and every feed is:","Sourced from institutional-grade market participants","Published every 400 milliseconds","Live across 100+ blockchains","Global finance should run with the speed, access, and convenience of the internet.","Pyth’s new UK equity feeds bring us closer to the vision of a universal, composable price layer for the global economy. These feeds can unlock for users services such as:","Structured product creation — synthetic ETFs, thematic indices, yield strategies","Tokenized RWA markets — fractional exposure to traditional assets, backed by real prices","On-chain market intelligence — real-time insight into sector flows, macro signals, and institutional activity","For developers, builders, and institutions, Pyth offers the foundation to build next-gen financial applications, minus the legacy limits that traditionally hold us back.","With every asset class Pyth adds, it drives financial system to include more participants, reduce costs, and enable more innovation than ever before. Here’s how that impacts everyone:","Builders can launch smart financial products powered by verified, real-world equity data, from the UK, the US, and beyond","Traders gain a clearer lens into global markets, with live prices and cross-market insights updated in milliseconds","Institutions can tap into low-latency data feeds without the cost, contracts, or infrastructure overhead","From Wall Street to the Canary Wharf, the world’s most sought-after markets are now available on-chain. Pyth’s UK equities launch is just one more step forward in a bigger mission: collecting the price of everything and making it available to all.","From here on out, foundational market data will be open, composably integrated, updated in real-time, and available to anyone with an internet connection.","No terminals. No intermediaries. Just real-world prices powering the global financial market.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 10, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/making-the-uk-s-most-traded-equities-accessible-to-all-no-terminal-required"},"/blog/better-than-cex-how-kamino-swap-and-pyth-network-are-upping-defis-performance":{"version":1,"title":"Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance - Blog - Pyth Network","description":"DeFi’s challenge: balancing decentralization’s benefits with slow speeds, inaccurate data, and MEV exploitation for improved performance.","keywords":"","h1":["Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h2":[],"h3":["How Meta-Swap Works","What Makes Active Simulations So Powerful?","Express Relay: Zero Fees, Zero Slippage, and Zero MEV","The Future of Finance: One Product, Every Trader"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi’s challenge: balancing decentralization’s benefits with slow speeds, inaccurate data, and MEV exploitation for improved performance.","New Products","Apr 2, 2025","Since the early days of DeFi, users have had to choose between principles and performance.","While decentralization delivers self-custody and transparency, it often comes at the cost of slow trades, inaccurate market data, and MEV bots sucking you dry. More specifically, DeFi has struggled with:","Poor execution that results in wider spreads, worse prices, and higher slippage","MEV stealing value, allowing validators to front-run or sandwich trades","Complex infrastructure needs—like custom searcher networks or direct MM negotiations—that can be inaccessible for most teams","As a result, there's been a persistent performance gap between DeFi and CeFi. Centralized exchanges deliver lightning-fast, reliable execution, while DeFi protocols have struggled to compete—making them a second-rate option for serious traders and top institutions.","That’s why the Pyth contributors are proud to continue changing that narrative alongside Kamino Finance with the launch of Kamino Meta-Swap—a next-generation swap router built to redefine what on-chain finance can do.","Kamino Meta-Swap delivers the best price execution across all token swaps on Solana.","How does Meta-Swap achieve competitive execution? Instead of plugging into a single DEX or DEX aggregator—and becoming subject to liquidity fragmentation, protocol fees, or MEV—Meta-Swap broadcasts every swap to a network of searchers via Pyth Express Relay.","These searchers compete in real-time to offer the best price. Kamino sorts all responses and executes the swap via the most optimal route—whether through Express Relay or another on-chain venue.","Meta-Swap also introduces Active Simulations, a next-gen pricing mechanism that ensures swaps execute successfully and at accurate prices—eliminating failed transactions and misleading quote estimates.","No more inaccurate quotes:Instead of displaying an optimistic price estimate that often fails in execution, Kamino runs simulations at multiple points in the quote lifecycle—so what you see is actually what you get.","No more failed swaps:Kamino proactively filters out routes that can’t fulfill your trade due to slippage or liquidity issues—before you ever click \"swap.\"","Mid-quote checks + On-Swap validation:Quotes are continuously tested in real time. If conditions change, Kamino automatically reroutes your swap to the best available option—ensuring execution at the best possible price.","All of this happens behind the scenes, delivering a CEX-quality trading experience with DeFi values: transparency, self-custody, and composability.","Kamino Meta-Swap leverages Pyth Network’s Express Relay, a priority auction system that broadcasts swaps to a network of competitive searchers. These searchers bid to fill your swap with:","Ultra-competitive pricing","No slippage or price impact","Rewards (\"tips\") on successful trades","Express Relay enables private, tamper-proof execution, ensuring searcher quotes are protected from frontrunning and value extraction by validators. Instead of traditional MEV dynamics—where value is extracted from traders—Express Relay returns value back to the user through competitive bidding.","This structure is especially powerful for large-volume traders, where slippage and price impact often degrade execution on traditional DEX models. With Express Relay, decentralized trading isn’t just on par with CEX—it’s officially better.","Kamino Meta-Swap joins Kamino’s Limit Orders—launched in December 2024 with Express Relay—which have already surpassed $200M in volume and distributed nearly $100,000 in user tips.","Together, Limit Orders, Meta-Swap, and an upcoming DCA product (to be powered by Express Relay) form a comprehensive trading suite designed for all types of users: from degens and casual traders to whales and institutions.","Coming soon to Kamino Swap:","Smart Swaps with real-time optimization and automated slippage","Exact Out Mode, Route Customization, and more","Dollar-Cost Averaging with best-in-class price execution","This launch lays the groundwork for a new era of institutional-grade DeFi—one where transparency, performance, and decentralization are available to everyone. This isn't merely about leveling the playing field between DeFi and CeFi; it's about transforming the entire finance industry to give all participants access to a borderless global financial market.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/better-than-cex-how-kamino-swap-and-pyth-network-are-upping-defis-performance"},"/blog/the-world-s-most-traded-etfs-now-on-chain":{"version":1,"title":"The World’s Most Traded ETFs, Now On-Chain - Blog - Pyth Network","description":"The walls between TradFi and DeFi are coming down, with Pyth Network's launch of price feeds for the world's largest ETFs by AUM and trading volumes.","keywords":"","h1":["The World’s Most Traded ETFs, Now On-Chain"],"h2":[],"h3":["Closing the Gap Between Markets","Mirroring the Global Markets","Rewriting the Market Data Economy","One Price Layer. Infinite Data."],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The walls between TradFi and DeFi are coming down, with Pyth Network's launch of price feeds for the world's largest ETFs by AUM and trading volumes.","New Products","Jun 10, 2025","Despite everything you’ve heard, global markets are broken—or rather, they’re unfinished.","For decades, financial data—the kind that powers trillions in global markets—has lived behind closed doors. Traditional systems are walled gardens, built on fragmented foundations and legacy rails. DeFi, for all its promises, has been missing critical ingredients: high-quality, tradable data on the assets that actually move markets.","Until now.","What if the live prices of the world’s most traded ETFs could flow directly into smart contracts? With the launch of these price feeds on Pyth Network, it’s the start of a new chapter in global market infrastructure.","Pyth is building the universal price layer for the new financial system—one that spans both traditional and digital assets, including the ETFs global markets rely on. Here’s what that looks like:","Real-time price feeds—including the most widely held ETFs","Sourced from institutional-grade venues","Live on 100+ blockchains","While DeFi has tried to replicate ETF exposure with synthetic assets and mirrored contracts, the reality is that replication isn’t the same as access. Pyth feeds are different: they publish the actual market price, sourced from real-world venues, on-chain in real time. No abstraction. No imitations. Just the real price, on chain.","Imagine a snapshot of the global economy, totally composable for the first time.","Here’s what Pyth’s new ETF price feeds span:","US equities from large-cap giants to small-cap movers","Global indices across developed and emerging markets","Sector, style, and factor strategies like tech, value, and growth","Real-world assets like gold and real estate investment trusts","Fixed income markets, from treasuries to short-term rates","Yield and dividend-focused strategies","Total market and multi-asset portfolios","These feeds unlock new use cases across DeFi protocols, RWAs, asset tokenization, and beyond, offering the foundational data layers behind institutional portfolios to everyone.","Foundational market data is now open, composable, and on-chain. Here’s why this changes everything:","Builders can create smarter products, from index-inspired trackers and thematic portfolios to lending markets, RWA protocols, and structured yield strategies","Traders gain real-world market context with access to live ETF prices that reflect institutional flows, macro sentiment, and sector-level dynamics","Institutions can tap into high-fidelity market data without the legacy costs or infrastructure—delivered on-chain, at scale, and ready for integration across DeFi and beyond","The walls between TradFi and DeFi are coming down. And Pyth is the bridge to a new financial system—one that’s open, accessible, and built for everyone. Today’s launch is part of a larger mission: to collect the price of everything and make it available everywhere. Pyth delivers both traditional and digital-native market data through a single, composable layer. From ETFs to crypto assets, from Wall Street to Web3—it all converges here.","One network. One price layer. Endless possibilities.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-world-s-most-traded-etfs-now-on-chain"},"/blog/the-price-of-everything-the-hang-seng-index-is-now-onchain-no-terminal-required":{"version":1,"title":"The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required - Blog - Pyth Network","description":"Pyth now streams real-time prices for $5T+ in Hong Kong-listed equities—unlocking global, onchain access to one of Asia’s most important markets.","keywords":"","h1":["The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required"],"h2":[],"h3":["Asia’s Market Giants, Streaming Live Onchain","Redefining Access to APAC Equities","What’s Included","Use Cases Unlocked","One network. One price layer. Endless possibilities."],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth now streams real-time prices for $5T+ in Hong Kong-listed equities—unlocking global, onchain access to one of Asia’s most important markets.","New Products","Jul 28, 2025","The real-time prices powering global finance have long been locked behind legacy systems. Not anymore.","Asia is home to some of the fastest-growing capital markets in the world. At the center is Hong Kong, the global financial hub connecting international investors with opportunities in mainland China. The city’s exchange lists some of the region’s most important companies, including major banks, insurers, energy firms, and tech giants. These equities reflect investor sentiment across Asia and help bridge capital flows between East and West.","But despite their global importance, access to these markets has remained gated, trapped behind expensive terminals, outdated infrastructure, and regional restrictions.","That changes today.","Pyth Network now brings live, onchain prices for 85 of the most important Hong Kong-listed stocks, straight from the source. This new data covers over $5 trillion USD in equity market value, giving builders, traders, and protocols around the world direct, real-time access to one of the largest financial markets on earth.","No terminal. No subscription. No middlemen required.","Whether you're following H-shares of Chinese companies listed in Hong Kong or tracking cross-border exposure to mainland markets, this is the most direct and efficient way to access Asia’s equity markets in real time—for developers, platforms, and financial applications around the world.","Pyth Network brings live, onchain price feeds for 85 of the most valuable and widely traded companies listed in Hong Kong, covering some of the biggest names in Asian finance, tech, energy, and beyond.","Together, these companies represent over $40 trillion HKD in market capitalization—equivalent to more than $5 trillion USD, now streaming into smart contracts, apps, and protocols in real time.","Every price feed delivered through the Pyth price layer is:","Sourced directly from institutional-grade trading venues","Updated every 400 milliseconds or faster","Live across 100+ blockchains","This launch gives developers and traders everywhere access to one of the world’s most important equity markets—without legacy costs, subscriptions, or barriers.","Whether you're building trading strategies, structured products, tokenized portfolios, or simply want access to real-world stock prices from Asia’s financial gateway, these feeds bring Hong Kong’s equity market onchain openly, instantly, and permissionlessly.","For decades, real-time equity data from Hong Kong’s markets has been available only to the few who could afford terminals, negotiate regional licenses, or build custom integrations into legacy infrastructure.","Expensive data terminals that cost upwards of $30,000/year","Licensing agreements with regional redistributors","Manual or delayed data sources like Yahoo! Finance or Google Finance","This restriction leaves most developers, DeFi protocols, and emerging-market users operating blind and locked out of accurate, up-to-the-second pricing for Asia’s most important companies.","As a result, builders have been forced to work with stale data or no pricing at all for critical APAC assets—limiting what smart contracts can support across use cases like:","Cross-border tokenization","Strategies tied to Asian markets","Global collateralization","On-chain analytics tied to real-world macro data","Now, real-time access to one of the world’s most closely watched stock markets is just a few lines of code away. This launch opens a new frontier for builders everywhere to create with global financial data that was once out of reach.","This launch includes real-time price feeds for 85 of the most prominent publicly traded companies in Hong Kong. These firms make up a large share of the region’s equity market and are closely tracked by investors worldwide as indicators of capital flows across Greater China.","The covered companies span:","Leading Chinese technology platforms","Global and regional banks and insurers","Energy giants and infrastructure operators","Major property developers","Consumer goods, telecom, and industrial players","From retail-facing fintech apps to institutional trading desks, this dataset offers builders the inputs needed to create next-generation financial products. Analysts, investors, and protocols now have deeper visibility into one of the world’s most closely watched equity ecosystems.","Live prices for major Hong Kong-listed equities unlock a new wave of financial use cases across Web3, including:","Thematic exposure: Products or dashboards focused on Asia-based sectors and companies","Cross-border tokenization: Global solutions with real-time pricing from a key market","Macro prediction tools: Tracking of regional economic shifts with precise, onchain data","Data-driven strategies: Live signals to inform trading logic, risk models, or automated strategies","Onchain intelligence: Analysis of market flows and sentiment from one of the world’s financial gateways","This launch marks another step toward Pyth Network’s mission: to collect the price of everything and make it available everywhere.","From US and London equities, to energies and global ETFs, and now into Asian equities, Pyth is building the universal price layer, an open network where the world’s most important asset prices flow directly into decentralized applications and next-generation financial infrastructure.","DeFi gets access to mature, real-world asset classes","TradFi institutions gain a low-latency, blockchain-native distribution layer","Developers everywhere can build globally relevant financial products—without permission","Welcome to the next chapter of global finance. The future runs on Pyth.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jun 18, 2025","Jun 10, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-price-of-everything-the-hang-seng-index-is-now-onchain-no-terminal-required"},"/blog/pyth-network-and-sygnum-bank-transforming-finance-for-a-global-digital-economy":{"version":1,"title":"Pyth Network and Sygnum Bank: Transforming Finance for a Global Digital Economy - Blog - Pyth Network","description":"Enter Pyth Network and Sygnum Bank, a global digital asset banking group and leader in institutional finance.","keywords":"","h1":["Pyth Network and Sygnum Bank: Transforming Finance for a Global Digital Economy"],"h2":[],"h3":["What Sygnum Brings to Pyth’s Ecosystem","The Next Chapter in DeFi’s Evolution"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Enter Pyth Network and Sygnum Bank, a global digital asset banking group and leader in institutional finance.","Data Providers","Apr 16, 2025","Without institutional trust, DeFi can’t reach its full potential.","The financial ecosystem that governs trillions of dollars across global markets isn’t built on code alone—it is built on credibility, collaboration, and the ability to deliver reliable solutions at scale. That’s why DeFi’s biggest challenge isn’t just about speed or scalability. It’s about earning the confidence of the very institutions it seeks to disrupt—and that’s a problem no protocol can afford to ignore.","By joining the Pyth ecosystem as a trusted partner, Sygnum is bringing its world-class price data and technological capabilities to DeFi, empowering the next generation of dApps. If this partnership shows us anything, it’s that the world’s most trusted financial institutions are choosing Pyth. They’re shaping new markets, monetizing their data without compliance or capital risks, and paving the way for a new global digital economy.","The message is clear: DeFi with Pyth isn’t just innovative, it’s institutional grade. Now, with the backing of banks like Sygnum, DeFi’s future has never looked more promising.","Sygnum is the world’s first digital asset bank, and their reputation for combining cutting-edge technology with institutional-grade trust has made them a standout name in global finance. With its banking licence in Switzerland and regulated operations in Singapore, Luxembourg, and Abu Dhabi, Sygnum acts as a trusted gateway for institutions and professional investors to break new ground in the digital asset economy.","So, what will this partnership deliver?","Sygnum brings its top-tier technological capabilities and price data to on-chain finance—enhancing DeFi’s infrastructure with the same level of trust that has been at the foundation of their reputation since the beginning. Additionally, this partnership works to expand Sygnum’s active contributions to the DeFi ecosystem and continues its commitment to shaping the future of finance by supporting innovation.","Martin Burgherr, Sygnum Chief Clients Officer, says “Sygnum is pleased to partner with Pyth and contribute its bank-grade data to their price layer. Pyth delivers real-time, reliable data that drives mission critical systems and accelerates the integration of the traditional finance and digital asset economies. This partnership aligns perfectly with our commitment to innovation and our mission to enable everyone, everywhere to own digital assets with complete trust.”","As more banks follow Sygnum’s lead, the message becomes clear: Pyth is where the world’s most trusted institutions come to build the future of finance.","Traditional finance is no longer observing DeFi from the sidelines. It’s becoming an active participant. With institutions like Sygnum joining the Pyth ecosystem, developers now have access to unparalleled data from a network of over 1,000 real-time feeds spanning digital and traditional assets.","Want to help shape the future of finance? Learn more about becoming a Pyth Network market data publisher and see how you can contribute to an ecosystem trusted by leading financial institutions.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-and-sygnum-bank-transforming-finance-for-a-global-digital-economy"},"/blog/welcome-to-the-new-market-data-economy-unlocking-the-price-of-everything-for-everyone":{"version":1,"title":"Welcome to the New Market Data Economy: Unlocking the Price of Everything for Everyone - Blog - Pyth Network","description":"What if everyone had access to the price of everything? That’s the vision that Pyth is bringing into reality: a global price layer.","keywords":"","h1":["Welcome to the New Market Data Economy: Unlocking the Price of Everything for Everyone"],"h2":["Your Trades Aren’t the Problem—Your Data Is","The System Was Built to Lock You Out","It’s Time to Rewrite the Market Data Economy","A New Model for Fair Access"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","What if everyone had access to the price of everything? That’s the vision that Pyth is bringing into reality: a global price layer.","Announcements","Jul 24, 2025","Your trades don’t suck. Your data does.","Whether you’re building an app, managing a portfolio, or checking the price of a stock, you’re being blocked from crucial information that bars you from a fair shot at building wealth.","That’s because market data is invisible—and so are the ways it’s weaponized against you.","Real prices—the ones that move markets, inform critical decisions, and determine life-changing opportunities—are hidden behind terminals, delayed by intermediaries, and sold to the highest bidder. Billions of people are trading, investing, and building on incomplete data. Or worse: they’re locked out entirely.","But this isn’t an accident; it’s the way things are designed.","What if there's a better way? What if there was a single source of truth that made the real price of everything available to everyone, everywhere?","Since day one, the Pyth contributors have focused on addressing this inequity through the network's single mission: creating a global price layer where anyone with an internet connection can tap into data from the world’s top institutions and global markets.","The next wave of finance doesn’t begin with a new app or token. It begins with equal access to the most important input in the system itself: price.","Price is at the foundation of every financial decision. It determines what you buy, sell, borrow, lend, insure, or invest in. It’s the primary signal through which markets communicate, and it’s used across everything from algorithmic trades to risk models to your everyday investment app.","And yet, access to price is still a luxury—especially when it matters most:","In traditional markets, retail traders are still served 15–20 minute delayed quotes—unless they pay to upgrade.","In crypto, builders and users rely on public APIs with unknown sources, unreliable uptime, and missing assets.","In the institutional world, traders and builders face fragmented data feeds and rising costs, while emerging and internet financial markets are left out entirely. This restricts the types of solutions that everyday users can access.","This broken model creates a two-tiered system:","Those who can pay for speed, coverage, and accuracy","Everyone else who’s left trading on guesswork and lagging signals","Whether you’re trading from Manhattan or Mumbai, the outcome is still the same: if you don't have access to elite data, you’re flying blind.","Over the last two decades, exchanges and data aggregators have transformed market data into a $50B+ annual revenue machine, reselling the same pricing information over and over through layers of licensing, redistribution, and arbitrary access rules.","Since 2008, exchanges alone have earned over $7.6B in market data fees, often with no correlation between what they charge and what the data is actually worth. These structural tolls were designed to dictate who gets to participate and how effectively they get to play the game.","And the price for access just keeps climbing: according to industry analyses, the cost of market data has increased more than 15x over the past 25 years.","This might sound like a niche problem, but it deeply impacts how every financial product you touch is built, priced, and delivered. From the apps in your pocket to the assets in your portfolio, broken data economics affect everyone in the following ways:","You can’t see the fine print designed to lock you out","Negotiating access to institutional-grade data feeds can take months—and adding new symbols or markets often requires separate approvals or contracts, slowing market access for everyone.","Exchanges often charge redistributors like Bloomberg and Refinitiv extra for data licenses—costs that get passed down to retail apps and, eventually, to you","Whether you’re a fintech startup or a Web3 builder, you’re paying hidden markups on data that’s supposed to be public.","You’re paying more to get the same incomplete data","Nasdaq’s market data revenue grew from roughly $270 million in 2012 to over $600 million in 2023, more than doubling in a little over a decade while also outpacing inflation and trading volume growth.","Intercontinental Exchange (ICE), the parent company of the NYSE, generated $1.4 billion in 2023 from its data and connectivity segment, highlighting how infrastructure access has become a core revenue driver.","These rising costs are a core feature of the exchanges’ business model that extracts more value every year while they deliver the same product to their end users.","Your zip code shouldn’t determine your access to data","In the US, under Reg NMS, brokers are allowed to withhold real-time quotes from retail users—unless they pay a premium to unlock them.","In emerging markets, local brokerages and apps often lack the budget or licensing rights for global market data, leaving users without live prices for key assets like SPY or EUR/USD.","Where you live and who you are determines how and what you're able to trade.","You know it’s a problem when regulators are worried","Policymakers in the UK and EU have raised concerns that current market data practices are stifling competition, hindering innovation, and weakening financial sector resilience.","A report from Market Structure Partners concluded that there is no functioning market for market data—just monopoly pricing set unilaterally by exchanges, without transparent benchmarks.","If regulators are worried, users should be too. Innovation stalls, transparency fades, and the cost of entry only rises.","From the trading desk at a bank to the “buy” button on a retail app, the current market data economy is not optimized for transparency or efficiency; it was built solely for centralized control and revenue capture.","By collecting the price of everything—from crypto and equities to FX, ETFs, and commodities—and making it available in real time across 100+ blockchains, Pyth is establishing a single, global source of truth for market data.","Here’s what that looks like:","Trust: Data that's transparent and direct","Pyth prices come directly from the source—top exchanges, market makers, and trading firms—not public APIs or third-party aggregators.","Contributors stake tokens and are held accountable through Oracle Integrity Staking.","Everyone sees the same price, at the same time. It’s transparent, verifiable, and tamper-resistant.","Experience: Get one real-time integration at a low cost","Pyth offers a single integration point across every major blockchain, including L1s, L2s, and appchains.","Data is updated in milliseconds, making it suitable for HFT, real-time execution, and risk management.","No unnecessary fees—just composable infrastructure.","Availability: Access every asset class, 24/7","Pyth supports a growing range of symbols across crypto, stocks, FX, ETFs, commodities, rates, and more.","It’s the only price layer delivering consistent feeds across both on-chain and off-chain markets.","It’s accessible anytime, anywhere there’s an internet connection.","Pyth turns fragmented, paywalled market data into a universally accessible price layer—one that works as fast, openly, and universally as the internet itself.","The difference between the old model and the Pyth model comes down to one thing: who gets access and who gets paid.","The traditional system:","Traders generate data but earn nothing from it.","Exchanges extract billions in fees while restricting access.","Data redistributors charge insane prices and return very little value to contributors.","What Pyth unlocks:","Traders and exchanges earn rewards for publishing data to Pyth.","Anyone can access this real-time, high-fidelity price feeds in milliseconds.","The data layer is open infrastructure, not a gatekept product.","The old model extracts, while Pyth rewards.","Without Pyth:","Retail investors trade on stale, delayed prices, usually without even knowing it.","Builders face licensing hurdles, limited data availability, and stale data, forcing them to copy existing markets instead of launching new ones.","Institutions pay escalating fees for fragmented, low-transparency feeds and still can’t reach emerging on-chain markets.","With Pyth:","Everyone sees the same live prices at the same time, across every chain.","Builders plug into real-time, composable data across asset classes, without licensing friction or redistributor tolls.","Institutions monetize their proprietary data and tap into a growing global network of DeFi apps, rollups, and appchains.","Pyth transforms how data is distributed, monetized, and used. It replaces a 20th-century toll booth model with real-time, transparent infrastructure built for an internet-native financial system.","The result is a world where everyone—regardless of capital, geography, or status—can build, trade, and invest on common ground.","What’s Live Today and What’s Coming Next","Pyth is already the leading market data provider in crypto, serving over 550 apps and platforms.","The mission to bring the price of everything, everywhere is already in motion. To date, Pyth has:","Secured $1T+ in trading volume","Amassed 1,600+ symbols across multiple asset classes","Been deployed across 100+ blockchains","Sourced data from 120+ institutions and trusted publishers","These milestones are the first signals of what’s next. Pyth is expanding into every asset class—and over time, it will expand across every corner of the global financial system.","What if everyone had access to the price of everything?","That’s the vision that Pyth is bringing into reality. The foundation for a new economy is closer than ever, and it’s all happening one price feed at a time.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/welcome-to-the-new-market-data-economy-unlocking-the-price-of-everything-for-everyone"},"/blog/phase-two-institutional-monetization-through-offchain-data":{"version":1,"title":"Phase Two: Institutional Monetization Through Offchain Data - Blog - Pyth Network","description":"Learn about the proposal for Phase 2 to disrupt the $50B market-data industry with institutional products, token utility, and deep TradFi integration.","keywords":"","h1":["Phase Two: Institutional Monetization Through Offchain Data"],"h2":["Phase 1: Building the Infrastructure, Dominating DeFi, & Establishing the Most Valuable Data Source","Phase 2: Unlocking the $50B Opportunity","Phase 3: Scaling the Network Globally"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Learn about the proposal for Phase 2 to disrupt the $50B market-data industry with institutional products, token utility, and deep TradFi integration.","Announcements","Sep 3, 2025","Article contributed by: Douro Labs","Since its inception in 2021, Pyth has been a pioneer in redefining the infrastructure and distribution of financial market data. The objective has always been to become the source of truth for financial data, and now Pyth has an opportunity to progress into its second phase with a proposal for the launch of an institutional product, expanded token utility, and deeper TradFi integration.","Pyth was designed to bring the price of everything, everywhere—a simple but historically elusive concept. While the internet has democratized access to content, replacing CDs with streaming and local media with universal applications, the same paradigm shift has yet to materialize for financial data infrastructure.","Today’s institutions remain constrained by legacy systems, subjecting themselves to billions in fees from intermediaries like Bloomberg and Refinitiv. These aggregators, in turn, procure data from exchanges that operate within siloed frameworks and are restricted by geography, asset class, and venue-specific trade data. The result is a market data ecosystem that remains stubbornly analog and fragmented, despite the digital transformation occurring everywhere else.","Pyth approached this challenge by using blockchain technology to establish a source of truth because existing systems were incapable of delivering trustworthy data in a permissionless environment. What began as data aggregation across a group of trading firms and exchanges has grown into hundreds of institutions publishing their proprietary market data onto a single network. With more than $1.6 trillion in cumulative transaction volume, a commanding 60%+ market share in DeFi derivatives, over 600 integrations, and the publication of U.S. Department of Commerce data, Pyth has achieved a distribution footprint that places it among the most consequential protocols in existence.","Yet, perhaps more significantly, Pyth has emerged as the world’s most robust and valuable repository of institutional-grade market data.","Phase 1 validated Pyth’s product-market fit within DeFi ecosystems and laid the foundation for Phase 2 by creating a new model for the market data economy. The proposed next phase is centered on scaling DAO revenue, expanding into adjacent markets, and increasing the collective value accrued across the Pyth network. The clearest testament to Pyth’s value proposition? The growing line of onchain and offchain applications now seeking to pay for Pyth data as the network redefines the market data supply chain.","Most critically: Institutions are demanding Pyth data, and we're in the final stages of building a new product that could redefine market data across the finance industry.","Institutions spend approximately $50B every year for access to all of the market data they need. From setting the price on billion-dollar deals to powering the ticker displays on trading floors, market data is the fuel that keeps the engine of institutional finance running. But the current model used by institutions is slow, expensive, and severely fragmented. If Pyth can capture just 1% of that market, that’s $500M in annual recurring revenue (ARR). But Pyth isn’t just here for that $500M. It’s here to win the market and return sustainable value to the entire network.","Pyth’s first chapter focused on one goal: building and scaling the infrastructure required to validate and distribute institutional-grade data onchain.","The Pyth contributors are well on their way to achieving that mission, with results that speak for themselves. With over 60% of the market share in DeFi derivatives and over $1.6T in transaction volume processed to date, Pyth is in the optimal position to realize exponential growth and value accrual as more real-world assets become tokenized. We envision a future where all data, like economic data from the U.S. Department of Commerce, flows through Pyth Network to get verified and published across every blockchain. This component of Pyth’s business model will continue to thrive as it becomes further entrenched as the source of truth for all blockchain data.","Over time, onchain fees will gradually increase as data is delivered in proof-backed, secured messages to smart contracts everywhere. Earlier this year, the DAO approved incremental increases in the validation fees across dozens of blockchains, and that will continue to roll out as more and more data becomes available. The adoption of Pyth Network will continue to accelerate through connectivity to more blockchains, access to new markets, enhanced trust parameters, and the impending wave of tokenization. We expect more data to continue coming onchain, and the majority of it to leverage Pyth for validation and distribution.","To date, Pyth has:","Integrated 600+ protocols across 100+ blockchains","Delivered 1,800+ price feeds, including 900+ real-world assets","Become the #1 oracle by transaction volume across every major blockchain ecosystem","Here's what sets Pyth apart:","Proprietary data from the world’s top trading firms and exchanges — including DRW, Jump, Jane Street, Optiver, HRT, SIG, IMC, Virtu, GTS, Flow, Cboe, LMAX, MEMX, MIAX, IEX, and more","Cross-asset coverage across crypto, equities, FX, commodities, interest rates—all in one network","A global market view that breaks down regional silos and unifies data across geographies","Millisecond-level updates for high-performance trading environments","Worked with the Department of Commerce to validate and distribute U.S. economic data onchain","Phase 1 proved the product works at scale. Now it’s time for Phase 2: redefining the market data economy and becoming the source of truth across the finance industry.","Today, Pyth is ready to move into Phase 2, which begins with monetizing the first market data network built by and for institutions.","The global market data industry is worth $50B+ annually, dominated by a few legacy incumbents who:","Have increased prices by over 50% over the last 3 years","Charge some customers 5 times more than other customers for the same product","Fragment access across geographies and asset classes","Implement barriers to entry for new entrants in professional financial services","The cost of market data has increased so dramatically over the last 25 years that its value has outpaced other major asset classes by a wide margin.","The space is ripe for disruption, and the firms that set prices and move markets worldwide have been working to build a solution alongside Pyth. Here are some of their pain points:","Exchanges only see their own order books—just one slice of the market—often confined to a single region or asset class","Each exchange sells proprietary feeds that leave out trades happening anywhere else, creating blind spots","Data giants like Bloomberg and Refinitiv patch together these incomplete feeds and sell them back as expensive, take-it-or-leave-it bundles","The trading firms producing the fastest, most accurate prices receive none of the revenue their data generates","And here’s the structural flaw at the root of it all:","The most valuable prices are created upstream, before they ever reach an exchange, but the majority of the revenue flows to middlemen and resellers even further downstream","Pyth’s new product has the potential to simplify access to global markets, empower institutions with specialized data, and redefine the market data economy.","It builds upon Pyth's innovative model that collects institutional-grade data directly from the source, and also incorporates enhancements around performance, accessibility, and asset coverage. This upstream approach fixes the core flaw of legacy market data, capturing the most valuable prices before they’re fragmented, marked up, and delayed, then channels value back to the institutions that generate them.","The proposed subscription product for Pyth is designed to deliver pure market data directly into existing workflows beyond blockchain environments for:","Risk models & analytics","Clearing & settlement systems","Government regulatory and compliance workflows","Accounting & reporting tools","Display monitors","Historical research","Imagine a world where anyone, from the world’s largest institutions to individual traders, can purchase comprehensive, specialized market data from Pyth Network. We’re proposing that payments can be made in multiple ways, including USD, onchain stablecoins, or PYTH tokens. This flexibility opens the door to millions of potential subscribers around the globe.","The proposed plan includes revenue from subscriptions flowing back into the Pyth DAO, and leaving the DAO to decide how best to deploy these funds to strengthen the network and align contributor incentives. Possibilities discussed in the governance forum include token buybacks, revenue-sharing models, and other mechanisms to reward publishers, users, stakers, and holders. As adoption grows, this feedback loop could scale the network’s reach, reinforce its data quality, and compound value for all participants.","Pyth already meets the quality, speed, and coverage required to compete—and win—in this market. With a new product for the DAO to consider, demand accelerating, and a clear path into a $50B industry, Phase 2 lays the financial and structural foundation for Phase 3: scaling Pyth into the global price layer for every market, everywhere.","With the infrastructure built and the subscription data model in motion, Phase 3 should be about achieving total market coverage:","Adding 200–300 new symbols every month","3,000+ symbols in 2025","10,000+ in 2026","50,000+ in 2027","Complete coverage across:","Trading venues","Permissioned DeFi","Unpermissioned DeFi","OTC markets","Why this matters:","It establishes the most complete financial data layer in the world","It eliminates regional silos, asset-class gaps, and vendor complexity","Like Spotify, the catalog keeps growing—but unlike legacy providers, the contributors share in the upside","Here’s how Pyth stacks up today:","Here’s where we expect Pyth to be by the end of next year:","Each new data source attracts more builders and institutions, driving adoption and subscription revenue. That revenue strengthens the Pyth DAO and expands incentives for contributors. These growing incentives draw in even more data sources, accelerating the cycle.","The path forward is clear. With dominance in DeFi and accelerating adoption across TradFi, Pyth Network is positioned to capture a meaningful share of the $50B+ global market data industry. But that’s not the end state. Pyth has the potential to become the single source of truth for all of global finance.","Disclaimer:","For purposes of this disclaimer, any individual accessing or engaging with content provided by or on behalf of Douro Labs (“Douro”), whether as a viewer, listener, reader, website visitor, subscriber, participant, or by any other means, is collectively referred to as “you” or “your”.","All content made available by or on behalf of Douro, including but not limited to podcasts, videos, blog articles, newsletters, presentations, reports, social media posts, and other written, visual, or audio materials, including this document (collectively, the “Content”), is provided solely for general informational and educational purposes.","Nothing in the Content constitutes or shall be construed as financial, investment, legal, tax, accounting, or any other form of professional advice. The Content is not intended to be, and must not be understood as, a recommendation, solicitation, invitation, or offer to buy, sell, hold, or otherwise transact in any financial instruments, securities, digital assets, or other assets. The Content is general in nature and does not take into account your individual objectives, financial situation, or particular needs.","You are strongly advised to conduct your own independent research and to consult with appropriately qualified, licensed professionals before making any financial, legal, or investment decisions.","To the maximum extent permitted by applicable law, Douro and its officers, directors, employees, consultants, members, representatives, other agents, and all associated parties disclaim all liability for any direct or indirect loss, damage, or consequence arising from your use of, or reliance upon, the Content.","Accessing, viewing, listening to, downloading, subscribing to, or otherwise engaging with the Content does not create any advisory, fiduciary, or client relationship between you and Douro or any of its officers, directors, employees, consultants, members, representatives, or other agents.","If you are uncertain about any aspect of the Content, you should seek professional advice from a qualified expert in your jurisdiction.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/phase-two-institutional-monetization-through-offchain-data"},"/blog/pyth-network-selected-by-u-s-department-of-commerce-to-verify-and-distribute-economic-data-onchain":{"version":1,"title":"The U.S. Department of Commerce is Working with Pyth Network to Verify & Distribute Economic Data Onchain - Blog - Pyth Network","description":"The U.S. government is officially bringing economic data onchain, and this historic initiative is being made possible by Pyth Network. \n","keywords":"","h1":["The U.S. Department of Commerce is Working with Pyth Network to Verify & Distribute Economic Data Onchain"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The U.S. government is officially bringing economic data onchain, and this historic initiative is being made possible by Pyth Network.","News","Aug 28, 2025","After months of close engagement with the Department of Commerce and Secretary of Commerce Howard Lutnick, Pyth is honored to have been selected as a critical component in this initiative. Without question, this marks a critical step forward in the public sector’s embrace of decentralized infrastructure and represents nation-wide validation of Pyth’s role as a trusted provider of secure, transparent, and verifiable data to the blockchain ecosystem.","Secretary Lutnick and the Department of Commerce’s visionary stance on data innovation and willingness to embrace blockchain technology is positioning the U.S. as a world leader in finance. But this is just the first step in a long and high-yielding endeavor to rebuild the data infrastructure of the United States of America.","That’s why Pyth is a perfect choice to bolster the White House’s goals.","With its vast network spanning over 100 blockchains and the 600+ applications that depend on it for trustworthy data, Pyth has quickly become the source of truth for onchain data. Now, as the finance industry and U.S. government continue to push further into the digital frontier, Pyth's distribution is poised to become the primary channel that fuels their growth.","Pyth Network has been optimized to deliver trusted data through its transparent relationship with data publishers and a first-of-its-kind staking model designed to enhance security. The integrity of economic data is essential to global markets, and bringing this data onchain opens up new frontiers for transparency, accessibility, and composability across DeFi, enterprise use cases, and public accountability.","Pyth’s ability to ensure the cryptographic verifiability and immutable publication of official statistics marks a new chapter in how governments can interact with decentralized technology—a milestone set to unlock a new generation of efficiency.  Smart contracts will replace paper ones, where onchain data, once verified by Pyth, will be able to secure real world transactions ranging from tokenized securities to new and unimagined innovations.","This wave of efficiency will establish the U.S. as a global leader driving the digital revolution and unleashing new economic power through this transformation.","Finally, through its collaboration with Pyth, the Department of Commerce is doing so much more than launching a one-off data release; it is building the foundation for a strategic working relationship between the Department of Commerce and Pyth Network. Pyth will initially offer quarterly releases of the GDP going back 5 years, and the Pyth Contributors anticipate expanding this initiative to support a broader range of economic datasets. As trust in centralized intermediaries continues to be challenged, this new initiative reflects a deliberate effort by the U.S. government to harness cryptographic tools to increase confidence in public information systems.","Pyth Network’s mission is to bring the price of everything everywhere, and working with the U.S. government is a monumental step toward making that vision a reality. We are grateful for the trust placed in us by the Department of Commerce and look forward to deepening our collaboration in the months and years ahead. As governments and institutions look to modernize their data infrastructure, Pyth is ready to provide the secure, decentralized rails that power the evolutions of digital transparency.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-selected-by-u-s-department-of-commerce-to-verify-and-distribute-economic-data-onchain"},"/blog/entropy-v2-onchain-randomness-gets-an-upgrade":{"version":1,"title":"Entropy V2: Onchain Randomness Gets an Upgrade - Blog - Pyth Network","description":"Entropy V2 brings custom gas limits, better error reporting, and improved reliability to Pyth’s onchain randomness protocol.","keywords":"","h1":["Entropy V2: Onchain Randomness Gets an Upgrade"],"h2":["Built with Feedback, Ready for Production","What’s Coming Next","The Role of Randomness in Open Systems","Get Started"],"h3":["Custom Gas Limits for Callbacks","Better Error Reporting","Improved Reliability","Simpler Developer Experience"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Entropy V2 brings custom gas limits, better error reporting, and improved reliability to Pyth’s onchain randomness protocol.","New Products","Jul 31, 2025","Pyth Entropy delivers secure, onchain randomness to applications across more than a dozen EVM chains. Entropy is already powering games, raffles, prediction markets, NFT mints, and more—with 10 million randomness requests served to date.","Today, Entropy gets a significant upgrade.","Entropy V2 introduces a series of developer experience improvements, shaped directly by the feedback of teams using it in production: configurable gas limits for callbacks, adding callback statuses, and an upcoming public Entropy Explorer.","These upgrades reduce integration overhead, eliminate common failure modes, and offer greater control for developers.","This release is part of Pyth’s ongoing effort to empower builders to create new transformative applications by making core data infrastructure more open, reliable, and ready for use.","Developers have made over 10 million randomness requests through Entropy. Entropy V2 introduces a number of significant improvements learned from our experience in this process:","Entropy now allows developers to set a custom gas limit when making randomness requests. This means teams can support more complex on-chain logic during the callback without worrying about exceeding the default gas cap.","Whether you’re assigning traits, rolling dice, or settling a market, you have more control over how randomness is used in your app.","If your callback fails, you’ll now be able to see exactly why. V2 improves how failures are recorded on-chain, making it easier to identify issues and resolve them.","This reduces guesswork and makes Entropy safer and easier to adopt in production systems.","Entropy V2 introduces a more resilient callback architecture, adding an expanded keeper network which improves delivery guarantees.","This enhancement builds on the original design and enables requests to be fulfilled more reliably during unstable chain conditions.","Entropy V2 streamlines the protocol so it’s even faster for developers to integrate. Simply call a function to request a random number, then get a callback with the result.","This change simplifies the integration flow, making it faster to prototype, test, and deploy applications using Entropy.","In a few weeks, Entropy will introduce a new Explorer that gives developers insight into all randomness requests and callbacks across chains. It will show success and failure states, gas used, and reasons for any failed transactions.","These tools are designed to reduce integration time, eliminate friction, and make Entropy a default choice for any smart contract team that needs randomness.","Entropy supports a key pillar of the Pyth mission: making critical data accessible to anyone who wants to build with it. While Pyth Price Feeds deliver structured market data, Entropy provides a different kind—data that’s random, verifiable, and secure.","Entropy helps unlock a different kind of fairness: one based on transparency, not trust. It allows developers to build applications where randomness isn’t a black box, but a verifiable part of the protocol. That’s a subtle but important step toward more open, secure, and transformative apps.","Entropy is already powering randomness for projects like Infinex, Megapot, Junky Ursas, Ape Church, SankConnect, Capybara, and more. With V2, it’s even better equipped to support the teams shaping the next wave of on-chain experiences.","Entropy V2 is now live across supported EVM chains. No signup or permission required.","Start building here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/entropy-v2-onchain-randomness-gets-an-upgrade"},"/blog/introducing-pyth-pro-reinventing-the-market-data-supply-chain":{"version":1,"title":"Introducing Pyth Pro: Reinventing the Market Data Supply Chain - Blog - Pyth Network","description":"Pyth Pro delivers institutional-grade market data direct from top firms—accurate, transparent, and affordable across every asset class and geography.","keywords":"","h1":["Introducing Pyth Pro: Reinventing the Market Data Supply Chain"],"h2":["The Problem: A Fragmented, Outdated System","The Solution: Pyth Pro","How This Is Possible: A Redesign of the Market Data Supply Chain"],"h3":["One Source for Every Asset Class and Geography","Specialized Data from the Firms that Move Markets","A Streamlined and Cost-Effective Model"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro delivers institutional-grade market data direct from top firms—accurate, transparent, and affordable across every asset class and geography.","New Products","Sep 24, 2025","Article contributed by Douro Labs","What began in 2021 as a small cohort of trading firms and exchanges publishing their trading data on a blockchain network has rapidly transformed into the world’s most comprehensive source of institutional-grade market data. Pyth Network has completely redesigned the market data supply chain: 125 institutions have earned over $50 million by contributing their proprietary data to the network, and that data has powered $1.7 trillion in transaction volume across 600+ applications. Pyth has collaborated with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce to establish a new model that makes market data more accessible, accurate, and transparent.","Pyth’s mission has always been to establish a single source of truth for market data—a simple but deeply significant concept that, once realized, will transform legacy financial systems and expand access to global markets. And now, after achieving category-defining adoption in DeFi and rapidly expanding its footprint across traditional finance, Pyth is reimagining the market data economy for institutions everywhere.","Today marks the release of Pyth Pro, the next major step forward in making Pyth’s mission a reality. Now anyone can access specialized, institutional-grade data directly from the most advanced trading firms in the world. Pyth Pro is designed to give institutions a transparent, holistic view of global markets across every asset class and geography, eliminating the inefficiencies, blind spots, and escalating costs of the legacy market data supply chain. Several major institutions, including Jump Trading Group, are participating in the Pyth Pro early access program, demonstrating strong demand for a new market data solution.","Market data is the backbone of modern finance, powering everything from trading and risk management to settlement and reporting. Its significance has only accelerated as markets have evolved at the levels of speed and accessibility born from the internet itself, becoming more interconnected and data-driven than ever before. Yet, the infrastructure that powers market data today is trapped in the dark recesses of the pre-internet world, with no alternatives to speak of.","As a result, institutions collectively spend more than $50 billion annually on market data, but the system they rely on was never designed for today’s global, multi-asset environment. With little competition across geographies or asset classes, costs have escalated dramatically—rising more than 50% in just the last three years. Clients often pay vastly different amounts for identical products, access is siloed by venue and region, and barriers for new entrants remain prohibitively high.","The historical trend underscores the stark imbalance: over the last 25 years, the cost of market data has outpaced nearly every major asset class. This upward spiral places an increasing burden on the very institutions that provide liquidity and efficiency to financial markets.","Structurally, the flaws are clear:","Exchanges only see their own order books, which capture just a fraction of global activity.","Vendors aggregate these partial views, repackage them into broad bundles, and sell them back at significant markups.","Trading firms and banks, the entities producing the most accurate, high-frequency prices, see little direct participation in the value their data generates.","In practice, this means the most valuable prices are created upstream—before they ever reach an exchange—yet most of the revenue accrues downstream to intermediaries. The result is not the fault of any one actor; market data is at the mercy of an outdated system that unintentionally entrenches incumbents, suppresses competition, and limits innovation.","Pyth Pro addresses these systemic inefficiencies by rebuilding the market data supply chain from first principles. Instead of relying on fragmented, repackaged feeds downstream, institutions can gain access to prices directly from the firms that generate them—trading firms, exchanges, and banks—delivered through a single, unified integration.","Several leading institutions, including Jump Trading Group, are already engaging with Pyth Pro through early trial access.","\"We’re proud to be long-term supporters of Pyth, which has developed one of the most comprehensive and valuable sources of market data ever created. Pyth Pro makes that data accessible to more consumers, including traditional financial firms, and brings competition to the market data economy by providing the purest form of data directly from the source.” — Jump Trading Group","Pyth Pro consolidates global coverage into one distribution network: more than 2,000 feeds across equities, futures, ETFs, commodities, FX, cryptocurrencies, and fixed income. Data is updated at millisecond frequency with over 99.9% uptime and 95% accuracy vs. NBBO, and new symbols are added every week. The result is not another slice of the market, but a comprehensive view designed to serve as the most robust single source of truth for financial data.","More than 125 leading institutions already contribute proprietary prices to the Pyth Network, including Jane Street, Revolut, Jump, DRW, Optiver, Cboe, and LMAX. These contributions are aggregated transparently with cryptographic verification and supported by staking and slashing mechanisms. The effect is to capture price discovery as it occurs at the source, all while creating a system that rewards accuracy and participation.","Legacy vendors often charge upwards of $250,000 per month for incomplete coverage, forcing institutions to manage multiple contracts, redundant integrations, and unpredictable costs. Pyth Pro replaces this with a transparent subscription model that scales with institutional needs:","Pyth Crypto (Free): Crypto data updated every 1 second","Pyth Crypto+ ($5,000/mo): Crypto data updated every 1ms","Pyth Pro ($10,000/mo): Global, cross-asset coverage updated every 1ms with enterprise support and redistribution rights","By eliminating discriminatory pricing, siloed access, and opaque contracts, Pyth Pro does more than reduce costs. It opens the market to broader participation, levels the playing field for institutions of all sizes, and grows the pie for everyone. Exchanges, trading firms, and banks are able to monetize their data more directly; institutions gain access to a fuller, more accurate view of global markets. The outcome is a healthier, more competitive ecosystem—one where data is more accessible, accurate, and transparent than ever before.","The ability of Pyth to deliver what legacy vendors cannot rests on structural innovation. The Pyth Network is not another aggregator repackaging downstream feeds; it is fundamentally re-architecting how market data is captured, verified, and distributed on a global scale.","Upstream Sourcing: Data is contributed directly by trading firms, exchanges, and banks—the entities that set prices—before it even has the chance to be fragmented, averaged, or delayed","Source Quality: More than 125 leading institutions contribute proprietary data to the network—including Jane Street, Jump, DRW, Optiver, Cboe, LMAX, and the U.S. Department of Commerce","Transparent Aggregation: Contributions are combined using verifiable methods, with confidence intervals that make the quality of every feed auditable","High-Performance Delivery: Updates are distributed globally with <100ms end-to-end latency, co-located aggregation, and millisecond-level resolution","Aligned Incentives: Through staking, slashing, and the economic design of the network, publishers are rewarded for accuracy while the system penalizes misconduct.","Sustainable Model: Subscription revenue flows back to the Pyth DAO, reinforcing publisher incentives and compounding the network’s value over time","While Pyth Pro is designed to replace the fragmented and outdated infrastructure that market data is built on today, it is not designed to simply displace existing players. Exchanges, trading firms, and banks remain at the heart of it all: their data is what makes the system valuable. Pyth Pro functions to broaden participation and remove structural constraints. By creating a unified, open distribution network, it enables more institutions to access the data they need, while giving publishers a direct economic stake in the value they create.","The result is a market data model that is more inclusive, more accurate, and more sustainable than any other in existence today. Fundamentally, Pyth Pro is designed to grow the pie for everyone: contributors are rewarded fairly, institutions gain a fuller and more cost-efficient view of global markets, and the entire financial system benefits from greater transparency and competition.","The next wave of finance is here; Pyth Pro is just the first step. By bringing the price of everything, everywhere, this new product aims to empower builders, innovators, institutions, and leaders to create a financial system that’s as open, trustworthy, and accessible as the internet. After all, infrastructure is just the first layer; now, it’s up to everyone else to build the skyscraper.","Start your journey with Pyth Pro here to experience more accurate, streamlined, and affordable market data.","Blog","Sep 25, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pyth-pro-reinventing-the-market-data-supply-chain"},"/blog/blue-ocean-ats-joins-pyth-network-institutional-overnight-hours-us-equity-data":{"version":1,"title":"Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data - Blog - Pyth Network","description":"Blue Ocean Technologies has joined Pyth Network, bringing SEC-registered, institutional US equity pricing during critical after-hours trading periods.","keywords":"","h1":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data"],"h2":["Solving the Overnight Market Data Challenge","Blue Ocean ATS: Overnight Trading Pioneer","What This Means for Pyth Network Users","Beyond Standard Extended Hours","The Competitive Edge","Looking Forward"],"h3":[],"h4":["Similar stories"],"h5":["Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain","Better Than CEX: How Kamino Swap and Pyth Network are Upping DeFi’s Performance"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Blue Ocean Technologies has joined Pyth Network, bringing SEC-registered, institutional US equity pricing during critical after-hours trading periods.","New Products","Sep 25, 2025","Blue Ocean Technologies, operators of the leading overnight US equities venue Blue Ocean ATS, has joined Pyth Network as the latest market data provider, bringing SEC-registered, institutional US equity pricing during critical after-hours trading periods. Through an exclusive partnership running through the end of 2026, Pyth will be the only data distributor publishing overnight US equity trading data onchain from the Blue Ocean ATS platform.","This addresses one of the most significant gaps in modern market data infrastructure: the eight-hour overnight window when US exchanges are closed, but US ATS venues facilitating global trading activity can continue around the clock. Blue Ocean Technologies will enable applications using Pyth data to trade US equities 24 hours a day, five days a week.","Every weeknight from 8:00 PM to 4:00 AM ET, traditional US equity markets go dark. But as we all know, global markets never sleep. News stories break, geopolitical events unfold, and institutional investors in Asia-Pacific regions need to manage their US equity exposure during their prime business hours.","This creates what we call the “overnight gap\"; it’s a period where accurate, institutional US equity pricing becomes scarce just when international markets need it most.","Blue Ocean ATS bridges this gap by operating during these hours, Sunday through Thursday, when Asian markets are most active.","Blue Ocean Technologies launched BOATS (Blue Ocean Alternative Trading System) in 2021 as the first alternative trading system specifically designed for overnight US National Market System (NMS) stocks trading. Today, it is the market leader in overnight equities, setting the standard for this new market frontier. Here’s what sets it apart:","Regulatory Credentials","An SEC-registered Alternative Trading System","FINRA regulatory oversights","Full audit trail and settlement processes","Market Leadership:","NMS securities (~11,000 symbols) enabled for overnight trading","Over 5,000 tickers actively traded nightly","~$1B* notional traded nightly on average","Record single-session volume of $4.9B**","110+ firms including broker-dealers connected to the platform","Strategic Partnerships:","Powering Yahoo Finance overnight prices","Strategic investment from Tokyo Stock Exchange","Large fintechs and brokerages (including Robinhood and Charles Schwab) provide Blue Ocean access to their clients","OMS and tech venfor integrations with Wall Street leaders like FlexTrade and LiquidityBook","Data distribution through major vendors such as ICE, Bloomberg, and LSEG","Data partnerships with TradingView and integrations with top brokers","Blue Ocean ATS-delivered data brings transparency from regulated markets to Pyth’s extended hours US equity coverage.","John Willock, Head of Strategy at Blue Ocean Technologies commented, \"We’re excited to bring US equities data on-chain, enhancing the transparency and usefulness of market data for DeFi users. This type of innovation and partnership with Pyth continues to establish us as a pioneer in the after hours data and trading sector.”","While Pyth already provides comprehensive multi-asset market data, Blue Ocean’s status as a publicly accessible Alternative Trading System with a full pre-trade transparent matching platform sets a new bar:","Developers can build applications that can serve clients with data from a regulated ATS venue operator","DeFi protocols can implement sophisticated equity strategies with ATS-sourced pricing—not thin AMM quotes—during the overnight window","Users can access the same overnight equity data used by OMS providers, broker-dealers, and market makers across Wall Street","Global markets can react instantly to news, earnings, and geopolitical events outside of regular hours with real executable prices","With this exclusive partnership, Pyth is now the bridge bringing 24/5 institutional US equity data into DeFi.","Blue Ocean’s Sunday–Thursday schedule provides global coverage at critical moments:","Sunday Night Opening: First venue to open the US trading week Sunday at 8 pm ET; immediate market reaction to weekend news flow","Asian Business Hours: Alignment with daytime hours in Korea, Japan, and Singapore markets","Weekend Gaps: Reduces the 64+ hour weekend data void","Blue Ocean Technologies and its Blue Ocean ATS stands apart through regulatory status and scale:","vs. ECN Providers: SEC-registered ATS status provides price formation from a publicy accessible venue","vs. Indicative Pricing: Executable prices from ~$1B volume traded nightly","vs. International Platforms: US-based market with SEC and FINRA regulatory oversight","This foundation is why overnight markets have centered at Blue Ocean, making it a powerful partner as Pyth continues to engage with banks and financial firms worldwide.","This partnership reinforces Pyth’s and Blue Ocean’s missions to rewrite the next chapter of finance, building always-on financial infrastructure for institutional and DeFi users alike.","By combining Blue Ocean’s overnight market leadership with Pyth’s real-time distribution across 100+ blockchains, a foundation is being laid for markets that can truly operate on a 24/5 global clock.","Institutional US equity data is no longer confined to Wall Street desks. With Pyth and Blue Ocean, it’s now available to developers, protocols, and investors across the decentralized economy.","Start streaming Pyth’s extended hours US equity data here.","*Average notional daily share volume exceeded $1.2B in August 2025","**April 7, 2025 all-time notinal share volume traded","Blog","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","Apr 2, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/blue-ocean-ats-joins-pyth-network-institutional-overnight-hours-us-equity-data"},"/blog/a-new-wave-of-economic-data-is-now-onchain":{"version":1,"title":"A New Wave of Economic Data is Now Onchain - Blog - Pyth Network","description":"Discover how Pyth Network is bringing trusted global benchmarks onchain to power markets and guide decisions. Learn more.","keywords":"","h1":["A New Wave of Economic Data is Now Onchain"],"h2":["From Jobs to Inflation: Launching Data That Shapes Markets","Why This Matters","What’s Next"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Discover how Pyth Network is bringing trusted global benchmarks onchain to power markets and guide decisions. Learn more.","Announcements","Sep 4, 2025","Pyth Network was built with a simple but ambitious mission at its core: bringing the price of everything onchain, making critical market data accessible to everyone, everywhere.","Today, the Pyth Network is taking another step closer to making that vision a reality with a new wave of economic data feeds: trusted benchmarks that shape markets and inform decision-making across the globe.","Just 1 week after expanding into government economic data in collaboration with the Department of Commerce, Pyth is already adding more. Developers, institutions, and protocols can now tap directly into real-time macroeconomic indicators—from inflation to employment to growth—and integrate them into onchain products at unprecedented speed. This expansion reflects the momentum of a network designed to keep pace with the world’s most important data.","This week, Pyth is expanding its coverage to include a new set of core economic indicators. These include the benchmarks that guide policymakers, investors, and institutions around the world. By bringing these onchain, Pyth makes them directly accessible for developers, protocols, and applications building the next generation of financial products.","The new feeds include:","Employment: Nonfarm Payrolls, Unemployment Rate, Wage Growth","Inflation: Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) — with both headline and core measures","Growth & Accounts: GDP Index, GDP Growth, and the Current Account Balance","Business Activity: Purchasing Managers’ Index (PMI)","These indicators form the backbone of global economic analysis. By streaming them in real-time, Pyth empowers market participants to build with data that traditionally sits behind closed systems, opening new possibilities for transparency, efficiency, and innovation.","We believe that the future of onchain programmable finance requires an ever-expanding set of trustworthy data inputs.","GDP was the first milestone, but that’s just the tip of the iceberg. Contracts that reference inflation, requiring inputs based on economic data, will slowly become the norm, edging out analogue ones in the future.","By gaining access to these onchain benchmarks, the next generation of builders and institutions will lay the foundation for a whole new class of possibilities. The real innovation will emerge from how markets and builders put these inputs to work.","This expansion marks the beginning of Pyth Network’s journey into democratizing global economic data. More categories, more geographies, and more benchmarks are on the horizon as the network continues to scale its coverage and deliver on its mission to bring the price of everything onchain.","Developers and institutions can start building with these new feeds today. Explore the full set of economic indicators in the Insights Hub, and get ready to start streaming real-time data directly into your applications.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-new-wave-of-economic-data-is-now-onchain"},"/blog/b2c2-joins-pyth-network-institutional-liquidity-data-for-the-digital-asset-economy":{"version":1,"title":"B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy - Blog - Pyth Network","description":"B2C2, a leading crypto-native liquidity provider, has joined Pyth Network as the latest institutional market data contributor.","keywords":"","h1":["B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy"],"h2":["The Traditional Market Data Problem","Addressing the Crypto Market Data Gap","The Pyth Network Model","B2C2: Institutional Liquidity Pioneer","Building the Future of Market Data"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","B2C2, a leading crypto-native liquidity provider, has joined Pyth Network as the latest institutional market data contributor.","Data Providers","Oct 21, 2025","B2C2, one of the world’s leading crypto-native liquidity providers, has joined Pyth Network as the latest institutional market data contributor. The firm will publish its proprietary pricing data directly to Pyth’s network of over 125 first-party data providers, enhancing the most comprehensive source of institutional-grade market information in digital assets.","This addition brings real-time, first-party institutional liquidity data onchain—sourced directly from one of the industry’s deepest liquidity pools—and supports a new generation of decentralized applications built on transparent, executable pricing.","In digital asset markets, reliable pricing data remains fragmented across venues, intermediaries, and jurisdictions. Liquidity is dispersed globally, and much of the market still depends on third-party aggregators that consolidate exchange data after the fact—introducing latency, opacity, and additional cost.","This challenge mirrors a broader inefficiency that has defined the $50 billion market data industry for decades. Across both traditional and digital finance, data creation and data distribution remain fundamentally misaligned:","Fragmented coverage across venues, regions, and asset classes","Escalating costs while delivering incomplete market views","Blind spots from repackaging exchange-only feeds","Misaligned economics where intermediaries capture all revenue while price creators see nothing","The result is an outdated model where the most valuable price information—produced upstream by institutions like B2C2—flows downstream through layers of aggregation and markup. The firms generating liquidity have historically been separated from the distribution and monetization of their own data.","Pyth Network addresses this structural gap by creating a direct data layer between price setters and the market. B2C2’s contribution strengthens this foundation with institutional-grade pricing drawn from one of the deepest and most sophisticated liquidity pools in digital assets. By capturing prices at their source—before fragmentation, latency, or redistribution—B2C2 helps deliver transparent, verifiable data that powers the next generation of blockchain and institutional financial applications.","Pyth modernizes this system by enabling price discovery to flow directly from its originators. Over 125 leading institutions—including Jane Street, Jump Trading, Cboe, and now B2C2—publish real-time, first-party data to the network, creating the most accurate and comprehensive market view available.","Today, Pyth distributes more than 2,000 live price feeds across crypto, equities, commodities, and FX to over 600 applications on 100+ blockchains. Millisecond-level updates and transparent aggregation ensure precision, integrity, and composability. With the addition of institutional programs such as Pyth Pro, the network is building the infrastructure to serve as the global price layer for all financial markets.","B2C2’s addition brings unmatched depth and legitimacy to Pyth’s digital asset coverage. As a global leader in crypto liquidity provision, B2C2 bridges traditional and digital markets through advanced electronic execution, deep OTC trading relationships, and continuous price formation across major tokens and derivatives.","Its data reflects the pulse of global crypto markets—pricing derived from real trades, not indicative models—and provides a foundation for developers, traders, and institutions to build on top of authentic market signals. B2C2’s expertise in serving banks, hedge funds, and exchanges worldwide reinforces Pyth’s mission to connect the institutional infrastructure of traditional finance with the innovation of decentralized networks.","\"At B2C2, we’re committed to helping shape a more transparent and efficient market structure across both traditional and digital asset classes,” said Thomas Restout, CEO of B2C2. “Contributing our proprietary pricing data to the Pyth Network aligns with that mission bringing institutional-quality data on-chain and supporting the continued growth of reliable infrastructure for the broader ecosystem.\" — Thomas Restout, CEO, B2C2","“B2C2 has long been a force in shaping the digital asset markets, and now, by contributing to the Pyth Network, B2C2 is helping redefine how price discovery happens. This is a major step forward in Pyth’s mission to build a unified price layer for the world’s financial system: one where institutions can publish, access, and build on top of transparent, first-party data.” — Mike Cahill, CEO, Douro Labs and contributor to Pyth Network","With contributors like B2C2, Pyth Network continues to advance toward a transparent, composable, and institutionally credible market data infrastructure. As the network scales toward complete global coverage and deeper integration across financial systems, B2C2’s leadership in digital asset liquidity strengthens the foundation of the price layer that will power the next generation of finance.","Want to help shape the future of finance? Learn more about becoming a Pyth Network market data publisher and see how you can contribute to an ecosystem trusted by leading financial institutions.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 13, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/b2c2-joins-pyth-network-institutional-liquidity-data-for-the-digital-asset-economy"},"/blog/pyth-network-partners-with-kalshi-to-deliver-real-time-prediction-market-data-onchain":{"version":1,"title":"Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain - Blog - Pyth Network","description":" Kalshi partners with Pyth Network to bring real-time, regulated prediction market data onchain—unlocking event-based probabilities across 100+ blockchains.","keywords":"","h1":["Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h2":["Bridging the Event Data Gap","Kalshi: Pioneering Regulated Event Markets","Market Coverage Now Live on Pyth","What This Means for Pyth Network Users","The Competitive Edge","Looking Forward"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Kalshi partners with Pyth Network to bring real-time, regulated prediction market data onchain—unlocking event-based probabilities across 100+ blockchains.","Data Providers","Oct 13, 2025","Kalshi, the federally regulated event-exchange platform, has partnered with Pyth Network as the latest data publisher, delivering its prediction market information across 100+ blockchains.","This partnership marks the first time regulated event data will be streamed onchain at scale, enabling developers, institutions, and protocols to build applications powered by real-time probabilities of future outcomes. By expanding market data beyond asset prices into the realm of events—politics, economics, sports, crypto, and culture—Kalshi and Pyth are unlocking a new dimension of financial infrastructure.","Since exploding onto the scene as part of the U.S.’s 2024’s presidential election, prediction markets have held substantial ground in the cultural zeitgeist. By translating expectations about future events into real-time prices, prediction markets offer a transparent and dynamic measure of probability that traditional financial infrastructure has historically lacked. From elections and policy shifts to championship games and economic indicators, these markets provide insight into how participants collectively value uncertainty and risk.","Until now, onchain builders needed a trusted, composable source of event data. Pyth’s integration with Kalshi changes that by making regulated prediction market prices available to everyone with an internet connection, giving developers a foundation to create new classes of financial products. Kalshi, as the leading CFTC-regulated event exchange in the U.S., delivers the credibility, oversight, and scale required to establish event-driven data as a first-class category in DeFi.","Kalshi operates as a CFTC-regulated Designated Contract Market (DCM), making it the first federally regulated exchange in the United States dedicated to event contracts. This regulatory foundation sets Kalshi apart from informal or unregulated venues, ensuring transparent operations, auditable processes, and institutional credibility.","As the pioneer of event-based markets, Kalshi has established itself as the trusted venue where both individuals and institutions can trade outcomes on the events that shape our world. Whether it’s politics, economic policy, cryptocurrency, sports, or even the weather, Kalshi transforms uncertainty into tradable assets, creating price signals that reflect collective expectations with unparalleled clarity.","The initial integration between Kalshi and Pyth delivers a diverse set of regulated event markets to the decentralized economy. These feeds represent the first wave of probability-driven data available onchain, covering political outcomes, macroeconomic policy, cultural milestones, and major sporting events.","Live Kalshi markets now distributed by Pyth include:","New York City Mayor Election","F1 Drivers Champion","MLB Champion","Number of Rate Cuts in 2025","This wide range of markets shows how event data extends beyond traditional financial assets, creating new data primitives for builders to compose, trade, and innovate with across 100+ blockchains.","\"Oracles represent the first step in taking Kalshi onchain. Now builders can finally bring their Kalshi ideas to life on the world computer.\" — 0xUltra","Integrating Kalshi data into Pyth extends the network's role as a universal source of market intelligence. By bringing regulated event data to everyone, everywhere, developers, protocols, and investors gain a new foundation for innovation:","Developers can incorporate event-based probabilities as inputs for applications, games, and governance systems","DeFi protocols can experiences tied directly to political, sports, or economic outcomes","Institutions can integrate auditable, regulated event data into risk models, portfolio strategies, and research frameworks","Global investors can access transparent, real-time probabilities of world events across 100+ blockchains, bringing greater clarity to their decision-making processes","By combining Kalshi’s regulated event markets with Pyth’s onchain distribution, a new category of financial infrastructure emerges: one where events themselves become liquid, tradable primitives.","Kalshi’s integration with Pyth establishes a new benchmark for event data quality:","vs. Unregulated Platforms: operates as a CFTC-regulated exchange, ensuring oversight and compliance","vs. Opinion Polls: prices emerge from real-money markets, not surveys or sentiment","vs. Informal Prediction Sites: built on institutional-grade infrastructure with transparent execution and settlement","This foundation ensures that event data available through Pyth is not only innovative, but also credible, auditable, and ready for enterprise adoption.","Kalshi's addition to Pyth expands the very definition of market data, from asset prices to event probabilities. Developers and institutions can now treat real-time expectations about elections, policy, and cultural outcomes as programmable inputs.","By combining traditional asset feeds with event-driven data, builders can create hybrid products that bridge markets and events, unlocking entirely new categories of strategies across TradFi and DeFi.","Start streaming Kalshi data on Pyth today.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-partners-with-kalshi-to-deliver-real-time-prediction-market-data-onchain"},"/blog/memberscap-joins-pyth-network-to-bring-high-yield-uncorrelated-rwas-onchain-with-tokenized-global-reinsurance-income-fund":{"version":1,"title":"MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund - Blog - Pyth Network","description":"MembersCap is collaborating with Pyth Network to make its flagship product, the Tokenized Global Reinsurance Income Fund (TGRIF), accessible onchain.","keywords":"","h1":["MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund"],"h2":["What is TGRIF?","Why Pyth?","Institutional-Grade Infrastructure for RWAs","Looking Ahead"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","MembersCap is collaborating with Pyth Network to make its flagship product, the Tokenized Global Reinsurance Income Fund (TGRIF), accessible onchain.","Data Providers","Nov 20, 2025","MembersCap, a Bermuda-regulated investment firm with deep expertise in the blue-chip global reinsurance markets, is collaborating with Pyth Network to make its flagship product, the Tokenized Global Reinsurance Income Fund (TGRIF), accessible onchain. This initiative brings an uncorrelated and high-yield real-world financial instrument to the DeFi ecosystem, which will allow users across 100+ blockchains and 600+ applications to create markets and DeFi strategies with the fund.","Through Pyth Network, MembersCap will provide transparent access to a yield-generating product via a decentralized price layer, unlocking a new chapter for capital markets onchain. This collaboration showcases how traditional financial institutions can tap into blockchain infrastructure to distribute products globally with trusted, reliable data.","“Recent market turbulence proved once again that integrity of price data is essential for investors, not just at the point of the initial investment decision, but also for monitoring and managing portfolio performance and risk on an ongoing basis,” said Patrick Barrett, CEO and Co-Founder of MembersCap. “Pyth Network allows us to bring an unprecedented level of transparency to a historically opaque asset class, and this partnership represents another step in our commitment to bring truly institutional-grade RWAs to DeFi investors.”","The Tokenized Global Reinsurance Income Fund (TGRIF) is a first-of-its-kind tokenized reinsurance fund that delivers unique onchain access to the uncorrelated, high-yield premiums of the blue-chip global reinsurance markets. Partnered with some of the largest names in the reinsurance industry, MembersCap is pioneering DeFi access to an uncorrelated asset class traditionally available only to the largest global financial institutions through institutional channels. Pyth Network will verify and distribute the price of the fund onchain for seamless integration into DeFi protocols and institutional infrastructure.","MembersCap recently became the first fund to launch and record a transaction on LSEG’s Digital Market Infrastructure platform and they continue to push the boundaries between historically closed-off private assets and institution-ready decentralized finance.","Pyth Network was chosen as the preferred pricing layer for TGRIF because of its ability to deliver secure, real-time price feeds across DeFi and traditional systems. Here’s why:","High-fidelity, low-latency price data directly from original sources","Distribution across 600+ DeFi applications and 100+ blockchains","$1.7T+ in cumulative trading volume","A growing roster of leading asset managers and institutions trusting Pyth for their onchain data needs","This collaboration brings the core benefits of TGRIF, such as high-yield, non-correlating reinsurance exposure, into a programmable and composable format that DeFi protocols will be able to utilize:","Developers can integrate TGRIF into applications with real-time pricing for lending, structured products, or onchain trading","Users gain access to a stable, yield-bearing instrument backed by regulated reinsurance strategies","Institutions can access transparent, auditable data through a decentralized price layer","The tokenization of private funds like TGRIF represents a significant opportunity for the finance industry. This collaboration will enable:","New financial primitives powered by RWAs with reliable, uncorrelated yield","Efficient capital markets with fewer intermediaries and global reach","Trusted data infrastructure that bridges traditional finance and blockchain networks","As the price of TGRIF is distributed via Pyth Network, a new class of onchain yield assets will become available to the entire DeFi ecosystem. MembersCap and Pyth are leading the charge in enabling the masses to participate in private markets through transparency and accessibility. This is part of a larger commitment towards enabling real-world use cases onchain and bringing the price of everything everywhere.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Oct 21, 2025","Oct 13, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/memberscap-joins-pyth-network-to-bring-high-yield-uncorrelated-rwas-onchain-with-tokenized-global-reinsurance-income-fund"},"/blog/introducing-the-pyth-reserve-turning-institutional-adoption-into-sustainable-network-value":{"version":1,"title":"Introducing the PYTH Reserve: Turning Institutional Adoption Into Sustainable Network Value - Blog - Pyth Network","description":"The PYTH Reserve channels protocol revenue into monthly token purchases, turning real product adoption into sustainable network value.","keywords":"","h1":["Introducing the PYTH Reserve: Turning Institutional Adoption Into Sustainable Network Value"],"h2":["What is the PYTH Reserve and Why Does it Matter?","How the PYTH Reserve Works","Where the Revenue Comes From","The Market Opportunity: $50B of Institutional Spend Up for Grabs","Closing the Loop: A Self-Reinforcing Economic System"],"h3":["1. Monthly Open-Market Purchases","2. Quarterly Pricing Optimization","Pyth Pro","Pyth Core","Pyth Entropy","Pyth Express Relay","A Revenue Curve That Steepens Over Time"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The PYTH Reserve channels protocol revenue into monthly token purchases, turning real product adoption into sustainable network value.","Announcements","Dec 12, 2025","Article contributed by: Douro Labs","Over the last four years, Pyth Network has evolved from pioneering first-party market data onchain to one of the most widely deployed components of financial infrastructure in the world. To date, Pyth has powered over $2.3 trillion in cumulative trading volume, but now the focus is shifting from pure growth to sustainable monetization and value accrual.","Phase 1 proved Pyth’s new economic model for sourcing and distributing market data works at scale. Phase 2 proved that financial institutions are willing to pay for Pyth data, with Pyth Pro on track to hit $1M ARR.","Now the network begins its next chapter dedicated to scaling globally by introducing the PYTH Reserve.","The PYTH Reserve introduces a structural mechanism that converts revenue into systematic PYTH token purchases, directly tying product adoption to network value. Product-market fit has been achieved, revenue growth is accelerating, and now value will flow back into the ecosystem.","The PYTH DAO Treasury receives a portion of protocol revenue and deploys these funds each month to buy PYTH tokens on the open market. The purchased tokens constitute the PYTH Reserve—the economic outcome of channeling real product revenue directly into the network. In practice, this creates a transparent, mathematically governed link between adoption and long-term network value: more usage fuels more revenue, more revenue fuels larger token purchases, and larger purchases grow the PYTH Reserve.","The DAO has approved a clear, verifiable structure to convert protocol usage into network value, built around three pillars:","Each month, the DAO deploys one-third of its treasury balance to acquire PYTH tokens from the open market. This disciplined approach does the following:","Smooths market impact","Averages entry prices over time","Scales proportionally as revenue grows","As Pyth Pro, Pyth Core, Entropy, and Express Relay expand, monthly purchasing power increases in lockstep.","All revenue is consolidated to the Solana-based treasury via a multi-step, multisig-approved process documented publicly on the Pyth Forum, maximizing transparency.","For the first time since launch, the Pythian Council now conducts systematic quarterly pricing reviews across Pyth Core, Entropy, and Express Relay.","Each review includes the following:","Onchain performance data","Benchmarking across competitive markets","Recommended fee adjustments to maximize revenue while preserving adoption","Pricing optimization expands protocol revenue through a comprehensive monetization strategy, which flows directly into buy pressure on the PYTH token.","Pyth’s economic engine is powered by four distinct products, each accelerating along its own adoption curve. Together, they form a diversified and rapidly scaling revenue base that grows as the network deepens its footprint across both traditional and onchain markets.","Pyth Pro has become the network’s most powerful signal of institutional demand. Pyth’s new subscription product is being adopted by trading firms, analytics platforms, DeFi protocols, and a growing cohort of top financial institutions.","Early traction has been driven almost entirely by organic inbound interest (an anomaly in the institutional data landscape) validating the strength of Pyth’s distribution model and the appetite for transparent, first-party market data. As new asset classes, symbols, and geographies are added, Pyth Pro is positioned to scale globally at unmatched speed.","Pyth’s flagship product continues to expand across blockchains, protocols, and use cases, generating recurring onchain revenue as more applications adopt first-party price data as their default infrastructure. Listing activity continues to increase quarter over quarter as institutions and protocols request new asset coverage, reinforcing Pyth’s role as the global price layer.","Entropy is gaining traction across gaming, prediction markets, and protocol-level systems that require secure randomness. As more chains integrate and more applications launch, Entropy adds a complementary revenue stream that grows alongside the broader expansion of onchain ecosystems.","Express Relay has emerged as a critical component for venues seeking low-latency blockspace and competitive execution. As more trading environments adopt priority auctions and MEV-aware mechanisms, Express Relay is positioned to capture increasing demand for high-performance onchain infrastructure.","Pyth’s revenue engine strengthens as it scales: every new chain, customer, and integration expands the surface area for monetization, turning distribution growth into exponential revenue. At the same time, institutional demand for Pyth Price Feeds continues to accelerate, widening the addressable market as new datasets and categories come online. Layered on top is systematic pricing optimization across the product suite, ensuring revenue naturally rises as usage matures. The result is a self-reinforcing flywheel of expansion, monetization, and value accrual.","Financial institutions spend $50 billion annually on market data: a sector dominated by legacy incumbents whose prices have risen 50% in the last three years. These providers routinely charge $250k+ per month for fragmented coverage and low quality data.","Pyth Pro flips this model entirely through the following:","One transparent subscription","Every asset class","Updated every millisecond","Sourced directly from the best traders in the world","Institutions want upstream data, and they want it delivered through a modern distribution system. Even if Pyth only manages to capture 1% of this market, that would translate to $500M ARR. And now every new customer will expand the PYTH Reserve.","Phase 1 built the infrastructure.Phase 2 proved meaningful monetization.","The PYTH Reserve activates the final piece of the flywheel where adoption will increasingly drive more adoption.","The infrastructure is live.The revenue is real.The Reserve is operational.","Now, it’s time to rewrite the market data economy on a global level.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-the-pyth-reserve-turning-institutional-adoption-into-sustainable-network-value"},"/blog/how-to-evaluate-a-market-data-provider":{"version":1,"title":"How to Evaluate a Market Data Provider - Blog - Pyth Network","description":"A practical checklist for evaluating market data providers. How exchanges assess data provenance, stress performance, accuracy, and operational risk.","keywords":"","h1":["How to Evaluate a Market Data Provider"],"h2":["A Practical Checklist for Exchanges and Trading Venues","1. Data Provenance","2. Performance Under Stress","3. Accuracy vs Benchmarks","4. Confidence Intervals and Outlier Handling","5. Operational and Legal Reality","How Pyth Pro Maps to Institutional Criteria"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","A practical checklist for evaluating market data providers. How exchanges assess data provenance, stress performance, accuracy, and operational risk.","Research","Feb 16, 2026","Choosing a market data provider isn’t a branding decision. It’s a risk decision.","For exchanges and trading venues, data quality directly impacts liquidations, margin safety, funding stability, regulatory exposure, and user trust. This checklist reflects how institutional buyers actually evaluate providers in practice.","Start with the simplest question: who sets the price?","Buyers look for:","First-party market participants as sources","Disclosed publisher identities","Transparent aggregation logic","Opaque sourcing makes manipulation risk impossible to assess.","Average latency numbers don’t matter if feeds fail during volatility.","Institutional buyers ask for evidence of:","Update frequency during market stress","Latency under load","Behavior during liquidity fragmentation","If it hasn’t been measured, it hasn’t been engineered.","Accuracy must be quantified, not claimed. Serious providers show:","Performance against NBBO or futures curves","Median deviation, not just averages","Results outside regular trading hours","If accuracy isn’t measured, it’s marketing.","Binary prices hide uncertainty, which is dangerous for liquidation and margin systems.","Institutional-grade feeds expose:","Confidence intervals","Explicit uncertainty during thin liquidity","Automated outlier suppression","This is a strong signal of whether a provider understands real-world usage.","Many deals fail on details discovered late:","Corporate actions and symbol changes","Trading halts and settlement assumptions","Licensing terms that prohibit redistribution or derivatives usage","These constraints surface eventually. The only question is when.","Pyth prices fall within NBBO 94-96% of the time for US equities, with median deviation of 1.3-1.5 basis points when outside.","Pyth Pro was built for exchanges, perpetual venues, and synthetic markets operating at scale. It combines:","First-party institutional sourcing","Measurable accuracy","Explicit confidence intervals","24/7 and overnight coverage","Clear redistribution rights","One integration across asset classes","That alignment is intentional. It reflects how real venues evaluate risk — not how vendors pitch features.","Pyth Pro delivers institutional-grade price data across equities, crypto, FX, commodities, and fixed income. One integration, all asset classes.","See how Pyth Pro performs against your current feeds and book a demo here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-to-evaluate-a-market-data-provider"},"/blog/from-crypto-perps-to-full-asset-trading-layer-a-liquidity-case-study-in-silver":{"version":1,"title":"From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver - Blog - Pyth Network","description":"Silver crashed 30% in a day. We looked at how COMEX and Hyperliquid actually held up — and what it means for trading traditional assets onchain.","keywords":"","h1":["From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h2":["Where silver liquidity actually lives","The scale of what happened onchain","Silver’s Liquidity Stress Test: Onchain Perps vs. COMEX","What the data showed (Hyperliquid vs COMEX)","The oracle is part of the liquidity stack","Why this matters"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Silver crashed 30% in a day. We looked at how COMEX and Hyperliquid actually held up — and what it means for trading traditional assets onchain.","Research","Feb 19, 2026","Silver doesn’t need a narrative to move. It is the narrative.","On January 30, silver repriced violently. Headlines pointed to a macro shock: reports that President Trump would nominate Kevin Warsh as Fed Chair, a stronger dollar, and a rapid unwind after a parabolic run.","Silver futures fell roughly 30% on the day, printing around $79/oz at the lows. Gold followed — down ~11% after briefly crossing $5,000/oz earlier in the week.","And retail didn’t step away. Flows into the iShares Silver Trust (SLV) stayed aggressive, with reporting showing $100M+ added on Jan 30 alone.","This move created a live-fire test of liquidity across venues.","Not “are the markets open.”","The real question is simpler: when the tape gets stressed, what does it cost to trade?","Silver is a hybrid asset—part monetary metal, part industrial input—which means it trades through multiple pipes with very different market structure.","COMEX futures (CME Group) are the benchmark. The standard contract is 5,000 oz and the Micro Silver contract is 1,000 oz. At ~$80/oz, that’s roughly ~$400k notional for standard and ~$80k notional for micro.","That sizing is perfect for institutional hedgers and professional desks. But it’s a high activation energy product for retail—especially if the goal is “get $500 or $2,000 of directional exposure without taking on futures-specific operational overhead.”","That’s the gap onchain perps are stepping into: continuous sizing, low friction, and a derivatives UX most retail already understands.","January 30 was the stress test. But the more telling signal came a week later: the flow didn't disappear after the crash.","Reporting shows Hyperliquid’s HIP‑3 markets pushed above $5.2B in daily volume on February 5th, with TradeXYZ capturing the majority of HIP‑3 activity.","If you’re going to make the “full asset trading layer” argument, this is the right pattern to point at: new markets don’t prove themselves on quiet days. They prove themselves when volatility forces traders to reprice risk and liquidity providers have to keep quoting anyway.","When you trade a derivative, liquidity shows up in three places: spreads, depth, and tails.","Silver is structurally prone to air pockets — when leverage crowds in and the move accelerates, you find out whether the venue can actually clear risk or just print a price.","Silver is structurally prone to air pockets. When leverage crowds in and the move accelerates, you find out whether the venue can actually clear risk—or whether it just prints a price.","A recent tick-level study (Blockworks Research) benchmarked Hyperliquid’s HIP‑3 silver market against COMEX Micro Silver during the Jan 30 dislocation.","Pre-crash, Hyperliquid was competitive for the trade sizes that dominate perp flow: median spreads ~2.4 bps vs ~3 bps on COMEX Micro Silver.","But the constraint is still capacity. Depth within ±5 bps was roughly ~$230k on Hyperliquid vs ~$13M on COMEX.","And during the crash, both venues degraded—but Hyperliquid showed a heavier execution tail: about ~1% of trades printing >50 bps from mid, versus no comparable tail on COMEX in the sample.","The takeaway isn’t “onchain is better” or “TradFi is safer.”","It’s narrower—and more useful:","Hyperliquid cleared retail-sized silver flow at competitive spreads before the move. But depth is the gating factor, and tails are where stress shows up first.","If you want tight spreads on an onchain order book, market makers need a reference price they can trust—especially in fast markets.","On perpetual venues, the oracle isn’t a background detail. It feeds directly into funding, risk checks, and liquidation logic. So if the reference is stale, manipulable, or ambiguous, liquidity providers widen spreads preemptively.","TradeXYZ’s silver market references Pyth’s XAG/USD feed, which publishes an aggregate price plus a machine-readable confidence interval. Pyth is designed for fast-moving, session-fragmented markets.","That’s what “oracle → liquidity” means in practice: a tighter reference lets liquidity show up tighter.","Silver is one contract, but it’s a clean wedge.","Onchain perps are pulling traditional assets into a format retail can actually use: continuous sizing, always-on execution, and instant repositioning when the tape moves.","The Jan 30 move didn’t prove onchain perps have institutional depth.","It proved something more specific—and more important for adoption:","For retail-sized flow, onchain venues can clear at spreads that look surprisingly close to the benchmark venue. The next frontier is building depth and compressing the execution tails that appear when volatility spikes.","And the venues that get there treat pricing infrastructure as a first-class primitive—not an integration detail.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/from-crypto-perps-to-full-asset-trading-layer-a-liquidity-case-study-in-silver"},"/blog/overnight-equities-explained":{"version":1,"title":"Overnight Equities Explained  - Blog - Pyth Network","description":"How to price equities outside regular trading hours. Why legacy feeds fail overnight and what institutional venues require for equity perps and 24/5 markets.","keywords":"","h1":["Overnight Equities Explained","Pricing Stocks When the Market Is “Closed”"],"h2":["What “Overnight Equities” Actually Means","Why Legacy Market Data Fails Outside Regular Trading Hours","The Risk of Synthetic Overnight Pricing","What Institutional Overnight Pricing Requires","How Pyth Pro Supports 24/5 Equities"],"h3":[],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How to price equities outside regular trading hours. Why legacy feeds fail overnight and what institutional venues require for equity perps and 24/5 markets.","Pyth Primers","Feb 16, 2026","Equities don’t stop existing at 4pm ET. Market data systems just pretend they do.","As venues launch equity perpetuals, tokenized stocks, and global access products, overnight pricing has shifted from edge case to core requirement yet most infrastructure still treats it as an afterthought.","U.S. equities trade across multiple sessions:","Pre-market","Regular trading hours","Post-market","Overnight sessions via alternative venues","Liquidity persists outside regular hours, but it becomes thinner, more fragmented, and more venue-specific. Pricing systems that assume “no market” outside RTH fail quietly — until users trade against them.","Most traditional equity feeds are optimized for SIP-anchored NBBO during regular trading hours. Outside that window, assumptions break.","Common issues include:","SIP prices freezing or disappearing","Liquidity migrating to alternative venues","Price discovery continuing without official benchmarks","Venues are then forced to either shut markets down or run them on synthetic prices that don’t reflect where trading is actually happening.","Shortcuts like holding the last close fixed, extrapolating futures, or relying on a single exchange look stable on paper. In practice, they introduce hidden risk:","Funding rates drift away from reality","Liquidations trigger at untradeable prices","Overnight P&L is driven by assumptions, not liquidity","If users can trade, prices must be defensible.","Serious venues treat overnight equities as a continuation of the market, not an exception. That means:","Continuous price formation across sessions","Disclosed liquidity sources","Transparent aggregation logic","Explicit confidence intervals during thin liquidity","Clean integration with mark-price-driven risk engines","Anything less becomes a liability.","Pyth Pro provides 24/5 pricing for 50+ U.S. equities, covering pre-market, post-market, and overnight sessions. Prices are sourced directly from institutions active during those hours and aggregated using the same transparency and confidence-interval framework used across all asset classes.","This enables:","Equity perpetuals","Tokenized equities","Global trading products that operate continuously","Pyth Pro delivers 24/5 pricing for 50+ U.S. equities — pre-market through overnight — sourced directly from institutions active during those sessions.","Explore Pyth's overnight equity feeds by booking a demo here.","Blog","Feb 24, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/overnight-equities-explained"},"/blog/mark-price-vs.-index-price-vs.-reference-price-what-they-are-and-why-they-matter":{"version":1,"title":"Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter - Blog - Pyth Network","description":"Mark price, index price, reference price — three prices that run every perp exchange, and one data flaw that breaks them all.","keywords":"","h1":["Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h2":["Index Price","Mark Price","Reference Price","How They Interact","Where Data Quality Breaks the Chain","What This Means for Exchange Operators","Frequently Asked Questions"],"h3":["What’s the difference between mark price and index price?","Why does mark price sometimes differ from the last traded price?","What happens when the index price is wrong?","How is reference price different from mark price?","What makes an index price high quality?"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Mark price, index price, reference price — three prices that run every perp exchange, and one data flaw that breaks them all.","Research","Feb 23, 2026","Every perpetual exchange runs on three prices. They look similar. They behave differently. And when the data behind them breaks, the consequences hit users directly — through bad liquidations, erratic funding, and margin calculations that don’t reflect where the market actually is.","This guide explains what mark price, index price, and reference price actually do, how they interact, and why the quality of the underlying data source determines whether any of it works.","The index price is an external benchmark. It represents the spot price of an asset, typically aggregated from multiple exchanges, weighted by volume or liquidity.","Its job is simple: reflect where the asset is actually trading in the broader market, independent of conditions on any single venue.","Index prices are used to anchor perpetual contracts. Without a reliable external reference, the contract price drifts from reality — and every downstream calculation drifts with it.","What matters in an index price: the number and quality of sources contributing to it, the weighting methodology, and whether the aggregation logic is disclosed. An index built from two low-volume exchanges and an index built from 125 institutional publishers are not the same product, even if both claim to show “the price.”","The mark price is the price a venue uses internally to calculate unrealized P&L, margin requirements, and liquidation triggers. It’s the price that determines whether a position gets liquidated.","Mark price is typically derived from the index price, with adjustments. Common adjustments include a moving average of the basis (the difference between the contract price and the index), or a smoothing function designed to prevent short-term manipulation from triggering liquidations.","The relationship between mark price and index price is where most risk concentrates. If the index is noisy — because it’s sourced from thin venues or a single exchange — the mark price inherits that noise. Smoothing helps, but it can’t fix bad inputs. A smoothing function applied to inaccurate data produces a smoother version of the wrong price.","Reference price is the broadest term. It refers to any price used as a benchmark for valuation, settlement, or comparison. In traditional finance, reference prices include closing prices, VWAP, or settlement prices published by exchanges or clearinghouses.","In crypto derivatives, “reference price” often refers to the price used at specific intervals — for example, the price at which a funding rate is calculated, or the price used to determine settlement at contract expiry.","The distinction matters because reference prices are typically snapshot-based, while mark and index prices update continuously. A reference price might be the 30-second TWAP of the index at the top of each hour. If the underlying index is stale or manipulated during that window, the reference price locks in a bad number that affects every user on the platform.","The dependency chain is straightforward:","Raw market data → Index price → Mark price → Liquidations, margin, funding","Index price is the foundation. Mark price is the risk-management layer built on top. Reference prices are periodic snapshots used for specific calculations. When data quality is high at the base layer — meaning prices are sourced from deep, competitive markets with transparent aggregation — the entire chain operates reliably. When data quality is low, every layer amplifies the problem.","The most common failure mode is an index built from thin or non-representative venues. In U.S. equities, for example, IEX and MEMX account for roughly 5.6% of spot volume. Spreads on these venues are 6x–50x wider than primary exchanges. An index anchored to these venues doesn’t reflect where the market is actually trading — it reflects where a small fraction of the market is trading, with significantly worse pricing.","The result: mark prices drift from reality. Liquidations trigger at prices that wouldn’t hold on any major venue. Funding rates oscillate because the mark-to-index spread is noisy. Users lose money on mechanics, not on trades.","This isn’t hypothetical. Pyth Pro tracks the NBBO at 94–96% for top US equities — 94.2% for the top 100 by market cap, and 96.1% excluding MAG7 stocks traded at penny spreads — with median deviation of 1–2 basis points. Thin-venue proxies land at roughly 17.8% within NBBO, with deviation of 33–49 basis points. The difference is approximately 7x.","Pyth also delivers overnight prices via its 24/5 US equities coverage through Blue Ocean ATS, covering pre-market (4am ET) through post-market (8pm ET) and overnight sessions — a window most index providers leave dark entirely.","If you operate a perpetual exchange, your mark price system is only as good as its data inputs. The questions that matter:","•  Where does your index price come from? First-party institutional sources, or repackaged exchange APIs?","•  Is the aggregation logic transparent, or is it a black box?","•  Do your prices include confidence intervals — explicit signals about data quality during thin liquidity?","•  How do prices behave during volatility, outside regular trading hours, and across sessions?","The index price is an external market benchmark — where the asset is trading across venues. The mark price is derived from it and used internally by the exchange to calculate P&L, margin, and liquidation levels. Index price is the input; mark price is the risk-management output.","Mark price is smoothed to prevent short-term manipulation from triggering unfair liquidations. It incorporates the index price and a moving average of the basis, so it can diverge from the last trade price during volatile periods. This is by design — but it only works correctly if the underlying index is accurate.","Errors in the index propagate through the entire chain. A bad index price produces a bad mark price, which can trigger incorrect liquidations, distort funding rates, and generate inaccurate margin calculations. No amount of smoothing at the mark price layer fixes a flawed index at the base.","Mark price updates continuously. Reference price is a snapshot taken at a specific moment — used for funding rate calculations or settlement at expiry. Both depend on the quality of the underlying index, but reference prices are more vulnerable to manipulation or staleness during the specific window when the snapshot is taken.","A high-quality index draws from deep, representative venues with transparent weighting methodology. It should include confidence intervals to signal data reliability during thin markets, update at millisecond frequency, and source prices from institutions actively trading the asset — not from venues accounting for a small fraction of overall volume.","Pyth Pro delivers institutional-grade price data across equities, crypto, FX, commodities, and fixed income. One integration, all asset classes, updated every millisecond with sub-100ms end-to-end latency and >99.99% uptime.","Want to see how it compares to your current data stack? Book a demo here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/mark-price-vs.-index-price-vs.-reference-price-what-they-are-and-why-they-matter"},"/blog/pyth-pro-is-live-on-sui-a-performance-upgrade-for-defi-pricing":{"version":1,"title":"Pyth Pro Is Live on Sui: A Performance Upgrade for DeFi Pricing - Blog - Pyth Network","description":"Pyth Pro is now live on Sui — bringing millisecond pricing, 24/5 equity feeds, and institutional-grade data to the ecosystem's most demanding protocols.","keywords":"","h1":["Pyth Pro Is Live on Sui: A Performance Upgrade for DeFi Pricing"],"h2":["Why Pyth Pro Matters for Sui Apps","What Pyth Pro Provides","24/5 U.S. Equities on Sui","Data Sourced Directly from Institutions","What This Enables for Builders","A Continued Pyth–Sui Collaboration","Get Started"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro is now live on Sui — bringing millisecond pricing, 24/5 equity feeds, and institutional-grade data to the ecosystem's most demanding protocols.","Announcements","Feb 19, 2026","Pyth Pro is now live on Sui.","Pyth Price Feeds have been available on Sui from day one and has underpinned the majority of the ecosystem’s DeFi activity. To date, Pyth has powered over $80B in perpetual trading volume on Sui, securing 100% of onchain perp markets, and has supported more than $1B in total value secured, with approximately $600M secured today across active lending and DeFi protocols.","As Sui’s DeFi ecosystem has scaled, so have the demands placed on pricing infrastructure. Protocols are no longer just consuming oracle updates, they are running continuous risk systems where latency, update frequency, and asset coverage directly affect correctness under real market conditions.","Pyth Pro builds on this foundation. It is an important performance upgrade for protocols that need tighter guarantees.","Sui is designed for performance: parallel execution, low latency, and high throughput. These properties have enabled builders to move quickly from spot markets into more complex products such as perpetuals, lending systems, high performance AMMs, and RWAs.","For these applications, price data becomes a critical dependency. Delayed updates, coarse aggregation, or missing session coverage can introduce real failure modes — particularly during volatility.","Pyth Pro is designed for this class of application: systems where pricing speed and accuracy are part of the core execution path, not a background service.","On Sui, Pyth Pro delivers millisecond-level price updates with sub-second end-to-end latency, broad cross-asset coverage, and audited, production-ready infrastructure. The data is sourced directly from institutional market participants and is the same class of pricing used by professional trading systems and market makers.","For builders, this means fewer constraints as products become more sophisticated.","A key capability enabled by Pyth Pro is continuous U.S. equity pricing.","Pyth Pro supports real-time pricing for 50+ U.S. stocks across the full trading cycle, including pre-market, regular session, post-market, and overnight trading. This allows equity-linked markets on Sui to remain live outside traditional exchange hours without relying on stale or discontinuous price references.","For protocols building equity perps, RWAs, or structured products, this removes a structural limitation that previously constrained product design. Today, Pyth is the only provider offering reliable 24/5 equity price feeds in DeFi.","Pyth Pro pricing is sourced upstream.","Prices are contributed directly by 125+ institutional publishers, including Jane Street, Jump Trading, Cboe, Blue Ocean, Virtu, and Optiver. These contributors are active participants in price discovery, not downstream data vendors or aggregators.","This sourcing model avoids exchange API scraping, aggregation delays, opaque pricing logic, and restrictive redistribution terms. Prices are aggregated transparently and published with confidence intervals, allowing protocols to reason explicitly about data quality rather than treating pricing as a black box.","With Pyth Pro available on Sui, builders can design systems that depend on continuous, real-time pricing across asset classes and trading sessions.","This includes perpetual markets with tighter funding and liquidation logic, lending systems with improved collateral valuation, and equity or RWA products that remain active outside traditional market hours. In these designs, pricing is no longer the limiting factor.","Pyth has been part of Sui’s DeFi infrastructure since day one in the network’s lifecycle, powering the majority of its perp volume and securing hundreds of millions in active value.","Pyth Pro extends that collaboration by making higher-performance pricing available to protocols that need it. For Sui, this reflects an ongoing commitment to providing builders with best-in-class infrastructure as the ecosystem scales.","Pyth Pro is live and available on Sui today.","Builders who need higher performance or expanded asset coverage can integrate Pyth Pro. Learn more and request access here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pro-is-live-on-sui-a-performance-upgrade-for-defi-pricing"},"/blog/what-is-nbbo-and-why-does-it-matter-for-market-data":{"version":1,"title":"What Is NBBO and Why Does It Matter for Market Data? - Blog - Pyth Network","description":"NBBO is the standard benchmark for equity data quality. Here's what it is, what it doesn't cover, and how to use it to evaluate any data provider.","keywords":"","h1":["What Is NBBO and Why Does It Matter for Market Data?"],"h2":["What NBBO Is","How the SIP Assembles NBBO","Why NBBO Matters Beyond Equities","What NBBO Doesn't Cover","Using NBBO to Evaluate Data Providers","What This Means for Builders"],"h3":["Disclaimer"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","NBBO is the standard benchmark for equity data quality. Here's what it is, what it doesn't cover, and how to use it to evaluate any data provider.","Research","Feb 23, 2026","The National Best Bid and Offer is the single most important benchmark in U.S. equity market data. It defines the best available bid price and the best available ask price across all registered exchanges at any given moment. It is also the standard against which any serious market data provider should be measured.","In the U.S., equities trade across 16 registered exchanges — NYSE, Nasdaq, Cboe (four exchanges), IEX, MEMX, and others. Each exchange maintains its own order book with its own best bid and offer.","The NBBO is the composite: the highest bid and the lowest offer across all of these venues, assembled by the Securities Information Processors (SIPs). There are two SIPs — CTA (for NYSE-listed securities) and UTP (for Nasdaq-listed securities) — and together they produce a consolidated view of the best available prices.","For any given stock at any given moment, the NBBO represents the tightest spread available in the market. It is the benchmark that regulators use to evaluate execution quality, and it's the benchmark that institutional buyers use to evaluate data providers.","Each exchange sends its best bid and offer to the SIP in real time. The SIP takes the highest bid across all exchanges and the lowest offer across all exchanges, producing the NBBO.","This happens continuously during regular trading hours (9:30am–4:00pm ET). The SIP also distributes last-sale data — every trade that occurs on any exchange.","The process introduces latency. SIP data typically arrives 1–10 milliseconds after direct exchange feeds, depending on the stock and conditions. For most use cases, this latency is immaterial. For high-frequency trading, it matters. For market data evaluation, the NBBO itself — not SIP delivery speed — is the relevant benchmark.","The NBBO exists because U.S. equity markets are fragmented across 16 exchanges. No single venue represents the full market. The same logic applies to any asset class where trading is distributed across multiple venues.","In crypto, trading is fragmented across dozens of centralized exchanges and decentralized venues. There is no regulatory equivalent of the NBBO, but the principle is identical: the best available price is a composite across venues, not the price on any single one.","This is why NBBO has become the standard benchmark for evaluating market data quality in any context. If a data provider claims accuracy, the question is: accuracy against what? NBBO provides a concrete, measurable answer.","NBBO has real limitations:","Regular trading hours only. SIP-assembled NBBO is available during market hours (9:30am–4:00pm ET). Outside that window, there is no official NBBO. Pre-market, post-market, and overnight trading occur on alternative venues with no consolidated benchmark — which is where a provider's own sourcing methodology becomes the only quality signal available.","Doesn't capture depth. NBBO shows the best price, not the available size at that price. A bid of $100.00 with 100 shares and a bid of $100.00 with 100,000 shares look identical in NBBO.","Latency varies. SIP delivery is slower than direct exchange feeds. During fast markets, the NBBO can be momentarily stale.","Doesn't exist for most asset classes. NBBO is a U.S. equity construct. FX, commodities, fixed income, and crypto have no regulatory equivalent. But the concept — best available price across venues — still applies and can still be measured.","For any market data provider serving equities data, the relevant question is: what percentage of the time is the provider's price within the NBBO?","This is a binary, auditable metric. Either the price falls between the national best bid and the national best offer, or it doesn't. The percentage gives you a concrete measure of accuracy that no amount of marketing language can substitute for.","Pyth Pro tracks the NBBO at 94.2% for the top 100 U.S. equities, and 96.1% excluding MAG7 stocks, which trade at penny spreads and are easier to price accurately. Median deviation is 1.3–1.5 basis points. For equity index futures, Pyth Pro is within NBBO 99.1% of the time, with median deviation of approximately 2 basis points.","By contrast, prices sourced from thin venues — such as IEX, which represents roughly 3% of U.S. equity volume — land within NBBO approximately 17.8% of the time, with deviations of 33–49 basis points.","The difference is not marginal. Pyth prices are approximately 7x closer to the NBBO than thin-venue alternatives. This is the direct result of sourcing data from deep, competitive markets rather than from venues with limited liquidity.","If you're building any product that depends on equity pricing — perpetuals, tokenized stocks, margin systems, risk engines — your data provider's NBBO accuracy is the single most important metric to evaluate.","Poor NBBO tracking isn't an abstract quality problem. It produces concrete failures: liquidations that trigger at prices no major venue would recognize, funding rates that oscillate because the mark-to-index spread is noisy, and margin calculations that misrepresent real exposure. The further your index price is from NBBO, the more of your users' losses come from data quality rather than market moves.","When evaluating providers, ask for the number. What percentage of prices fall within NBBO? What is the median deviation when they don't? If a provider can't answer both questions with auditable data, that's the answer.","Pyth Pro delivers institutional-grade price data across equities, crypto, FX, commodities, and fixed income. One integration, all asset classes.","Want to see how it compares to your current data stack? Book a demo here.","This post is for informational and educational purposes only and does not constitute legal, financial, investment, or any other form of professional advice. The discussion of NBBO, SIPs, and related regulatory concepts is provided for general context and should not be relied upon as a complete or authoritative statement of applicable law or market structure. All accuracy figures and performance comparisons cited herein are based on empirical analysis conducted by third parties during a specific historical observation period. These figures reflect historical observations only and are not a guarantee or promise of future performance or data quality; actual results may vary materially depending on market conditions, liquidity, and other factors. References to specific exchanges, venues, protocols, or products are for illustrative purposes and do not constitute an endorsement or warranty of any kind. Digital assets, decentralized finance protocols, and related products carry significant risks, including the risk of total loss. Readers should conduct their own independent due diligence and consult qualified professionals before making any decisions based on the information presented here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-is-nbbo-and-why-does-it-matter-for-market-data"},"/blog/how-gold-prices-work-a-guide-to-xau-market-structure":{"version":1,"title":"How Gold Prices Work: A Guide to XAU Market Structure - Blog - Pyth Network","description":"Gold trades across three venues with three different prices. Here's how LBMA, COMEX, and OTC markets actually work — and what it means for gold data.","keywords":"","h1":["How Gold Prices Work: A Guide to XAU Market Structure"],"h2":["The Three Layers of Gold Price Discovery","How These Markets Stay Connected","What Moves Gold Prices?","How Pyth Prices Gold"],"h3":["LBMA: The Benchmark for Physical Gold","COMEX: The Futures Engine","OTC: Where Physical Demand Shows Up","Why Market Structure Matters for Gold Data","Disclaimer"],"h4":["Similar stories"],"h5":["Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)","TradingView and Pyth for Smarter Trading Decisions I Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Gold trades across three venues with three different prices. Here's how LBMA, COMEX, and OTC markets actually work — and what it means for gold data.","Pyth Primers","Feb 24, 2026","Gold is one of the most traded assets in the world, but its pricing is often misunderstood. Unlike equities, which trade on centralized exchanges with a single quoted price, gold trades across multiple venues with different settlement terms, contract specifications, and participant bases.","This guide explains how gold price discovery actually works—from the London benchmarks to New York futures to bilateral OTC trading—and what it means for institutions and developers working with gold market data.","Gold prices emerge from three interconnected market layers, each serving a distinct function.","The London Bullion Market Association runs twice-daily electronic auctions at 10:30 AM and 3:00 PM London time. Fifteen participating banks submit buy and sell orders, and the auction finds a clearing price where supply meets demand.","This price—known as the LBMA Gold Price—serves as the global reference for physical gold settlement. It anchors custody reporting, audit processes, and contractual settlement for physical bullion worldwide.","The LBMA also sets the standard for \"Good Delivery\" bars: 350-430 troy ounces at minimum .995 purity. These specifications define what qualifies as institutional-grade physical gold.","COMEX, part of CME Group, is the world's most liquid gold futures market. It processes approximately 27 million ounces in daily volume through standardized 100-ounce contracts at .995 fineness.","Futures markets absorb macroeconomic information faster than physical markets. Interest rate decisions, inflation data, and geopolitical developments hit COMEX first, with prices adjusting in milliseconds.","Most COMEX contracts settle in cash rather than physical delivery. This makes the market highly liquid but also means COMEX prices reflect financial positioning as much as physical supply and demand.","The over-the-counter market handles approximately $150 billion in daily bilateral trading volume. Unlike the standardized contracts on COMEX, OTC trades are negotiated directly between counterparties with custom settlement terms.","OTC prices reflect real physical demand: regional premiums, delivery logistics, and counterparty credit considerations. When central banks accumulate gold or jewelry demand spikes in Asia, the signal often appears in OTC spreads before it shows up in benchmark prices.","Arbitrage keeps prices aligned across venues. When COMEX futures diverge too far from LBMA spot, traders step in to capture the spread. The typical COMEX-LBMA spread runs around $3.84 per ounce—narrow enough to indicate efficient markets, but persistent enough to reflect real differences in settlement and delivery terms.","This spread also reflects the cost of carrying gold: storage, insurance, and financing. Under normal conditions, futures trade above spot (contango) because holders must be compensated for these costs. When spot trades above futures (backwardation), it signals tight physical supply or urgent demand. Until 2009, gold had only been in backwardation for eight total days in its modern trading history.","Gold responds to a specific set of macroeconomic drivers:","Interest rates affect the carry cost of holding gold. Higher rates typically push futures into steeper contango, while rate cuts are often bullish for spot prices.","USD strength has an inverse relationship with gold. A strong dollar makes gold more expensive in other currencies, dampening demand.","Real yields (nominal rates minus inflation) historically correlate with gold performance. Negative real yields make non-yielding assets like gold more attractive.","Central bank demand provides a structural floor. Central banks have purchased over 1,000 tonnes annually in recent years, representing steady institutional accumulation.","Geopolitical risk triggers flight-to-safety flows. Gold's role as a store of value outside the banking system makes it a hedge against systemic uncertainty.","Gold's multi-venue structure creates complexity for anyone building with gold prices. A single data source—one exchange API or one benchmark—captures only a partial view of the market.","This matters for several use cases:","Collateral valuation requires prices that reflect actual liquidation conditions, not just a benchmark quote.","Risk models need to account for spread dynamics between physical and paper markets.","Settlement and clearing may reference different benchmarks depending on jurisdiction and contract terms.","Trading applications require latency and update frequency that matches the speed of futures markets.","Pyth's XAU/USD feed aggregates prices from institutional publishers with direct access to LBMA, COMEX, and OTC markets. Publishers include trading desks, market makers, and financial institutions that actively trade gold across venues.","Each publisher submits both a price with Pyth's aggregation methodology combines these inputs to produce a single price that updates every 50 milliseconds.","This architecture reflects gold's actual market structure: multiple venues, multiple price points, aggregated into a single feed with transparent methodology.","Pyth Pro delivers institutional-grade market data across equities, FX, commodities, and crypto — sourced directly from the firms that move markets.","Explore Pyth's XAU/USD feed and broader coverage by booking a demo with an authorized distributor here.","This post is for informational and educational purposes only and does not constitute financial, investment, or professional advice. Market structure descriptions and figures are provided for general context and may not reflect current conditions. References to specific venues or products are illustrative and do not constitute an endorsement or warranty. Readers should conduct their own due diligence and consult qualified professionals before making any financial decisions.","Blog","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","Oct 13, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-gold-prices-work-a-guide-to-xau-market-structure"},"/blog/introducing-the-pyth-24-7-oil-index-continuous-oil-pricing-for-global-markets":{"version":1,"title":"Introducing the Pyth 24/7 Oil Index: Continuous Oil Pricing for Global Markets - Blog - Pyth Network","description":"The Pyth 24/7 Oil Index delivers a continuous reference price for oil, built from institutional and onchain data sources.","keywords":"","h1":["Introducing the Pyth 24/7 Oil Index: Continuous Oil Pricing for Global Markets"],"h2":["Oil Still Trades on a Schedule. Markets Don’t.","A New Index for Always-On Markets","The First of a New Category"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The Pyth 24/7 Oil Index delivers a continuous reference price for oil, built from institutional and onchain data sources.","Announcements","Mar 17, 2026","Crude oil is one of the most actively traded commodities in the world. Its pricing, however, is still tethered to fixed trading windows set decades ago. NYMEX WTI futures trade during regular U.S. business hours. When those sessions close, reference prices stop updating, even as risk exposure, macroeconomic developments, and trading activity continue around the clock.","The disconnect has become harder to ignore. In recent weeks, onchain commodity derivatives venues have processed billions of dollars in oil-related trading activity outside of traditional market hours. Hyperliquid alone saw well over $1 billion in daily WTI oil perpetual volume during recent volatility spikes. OPEC decisions land on weekends. Inventory data moves markets overnight. Geopolitical events do not wait for the opening bell.","During many of these periods, the primary reference markets remain closed. Prices do not update. Traders, exchanges, and risk systems operate with stale data or no data at all.","Today, Pyth is launching the Pyth 24/7 Oil Index, the world’s first continuously updating crude oil composite index.","Unlike traditional oil price feeds that depend on a single exchange or market window, the Pyth 24/7 Oil Index aggregates both onchain and offchain data from exchanges, institutions, and professional trading firms to produce a real-time price that never stops updating. The result is a proprietary index designed to reflect where crude oil is trading across global venues, markets, and time zones, without gaps, closures, or stale prints.","This is only possible because of Pyth’s upstream data sourcing model.","Pyth is a real-time, institutional-grade market data platform operating on blockchain infrastructure. Through the Pyth Network, leading trading firms and market makers publish first-party market data directly to the network in real time. This model creates a decentralized market data system that reflects actual trading activity as it occurs.","This upstream data flow gives the network a combined view of global liquidity across both traditional commodity venues and onchain derivatives markets. For the 24/7 Oil Index, that means the network can source pricing from institutional desks and exchanges during regular hours, and from continuously trading onchain venues during nights, weekends, and holidays. No single exchange or legacy data vendor has this combined view.","The Pyth 24/7 Oil Index is the first proprietary index in what will become a broader and specialized suite of always-on price feeds built from Pyth’s combined view of institutional and onchain markets. Additional proprietary indices across commodity, macro, and cross-asset categories are on the roadmap.","As macro assets increasingly trade across both traditional and decentralized venues, continuous pricing will shift from a differentiator to a requirement.","The infrastructure to support that shift is live today.","Request early access to the Pyth 24/7 Oil Index here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-the-pyth-24-7-oil-index-continuous-oil-pricing-for-global-markets"},"/blog/introducing-pyth-pro-x-institutional-market-data-built-for-exchanges":{"version":1,"title":"Introducing Pyth Pro X: Institutional Market Data Built for Exchanges - Blog - Pyth Network","description":"Pyth Pro X is an institutional market data subscription built specifically for exchanges operating multi-asset markets.","keywords":"","h1":["Introducing Pyth Pro X: Institutional Market Data Built for Exchanges"],"h2":["The Exchange Stack for Multi-Asset Trading","Built for Price Integrity at Scale","Trusted by Leading Exchanges","Launch New Markets Faster","Market Data Rebuilt for Modern Exchanges"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Subscribe to Pyth PRO X","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro X is an institutional market data subscription built specifically for exchanges operating multi-asset markets.","Announcements","Mar 18, 2026","Pyth Pro X is an institutional market data subscription built specifically for exchanges operating multi-asset markets. Already trusted by leading venues including Coinbase, Bitget, BitMEX, LMAX, Crypto.com, TradeXYZ, and DreamCash, Pyth Pro X is powering the next generation of global trading infrastructure.","Built specifically for exchange workflows, Pyth Pro X delivers real-time, cross-asset pricing, collateral valuation, liquidations, and new market launches without exchange fees, redistribution barriers, or vendor lock-in.","Power your exchange with institutional-grade market data. Pyth Pro X delivers real-time pricing across crypto, equities, and beyond—no exchange fees, no redistribution barriers, no vendor lock-in.","Subscribe now","Right now, the world's top trading venues are launching equity perpetuals, supporting cross-margin frameworks, and running liquidation engines that operate continuously across volatile, global markets. At the same time, most exchange infrastructure still relies on fragmented vendors, asset-specific feeds, and restrictive licenses that slow product launches and increase operational risk.","Pyth Pro X replaces that complexity with a single price layer built for modern exchange operations: one subscription unlocks countless asset classes and geographies.","Here's everything you need to know:","Operating an exchange across multiple asset classes requires consistency, accuracy, and the ability to scale across new symbols without rebuilding core systems every time a new product goes live.","Pyth Pro X is designed to sit at the center of the exchange stack, providing a unified pricing layer that works across:","Crypto spot and derivatives","Equity and equity-linked products","Indices, FX, and structured markets","Cross-margin and multi-asset collateral frameworks","Instead of stitching together multiple vendors for different asset classes, exchanges integrate once and gain access to a continuously expanding universe of markets.","At the core of Pyth Pro X is a focus on price integrity; specifically, how prices are formed, validated, and delivered under real market conditions.","Pyth Pro X delivers:","96%+ accuracy relative to the NBBO","Sub-100ms end-to-end latency","2,500+ price feeds across all major asset classes","24/5 equity coverage for 50+ U.S. stocks","Prices are sourced directly from leading market participants and institutions, preserving the connection between price formation and execution. This approach provides exchanges with prices that reflect real market depth and conditions, something that is critical for liquidation engines, risk systems, and margin calculations.","To date, Pyth has secured over $2.4 trillion in cumulative trading volume, supporting high-throughput markets at global scale.","Pyth Pro X is already used by some of the world's most active trading venues, including:","Coinbase, Bitget, BitMEX, LMAX, Crypto.com, TradeXYZ, and DreamCash.","These exchanges rely on Pyth Pro X to price everything from crypto to equities, supporting live markets, new product launches, and complex risk frameworks without the overhead of traditional market data licensing.","\"Coinbase Markets is redefining the institutional experience through unified technology and borderless access, all while maintaining the regulatory clarity that remains our hallmark,\" said Marc Zeitouni, CEO of Coinbase International Exchange. \"By integrating Pyth Pro X, we are pairing our global scale with local precision, ensuring our platform delivers region-specific solutions that meet the distinct needs of global markets. This partnership provides the high-fidelity data foundation required to support the depth and liquidity institutions demand, allowing us to scale a truly modern, multi-asset trading environment with total confidence.\"","\"As BitMEX scales its TradFi perpetual swap offerings, Pyth Pro X has become a foundational component of our derivatives infrastructure,\" said Samuel Sandiford, Head of Product and Institutional Business at BitMEX. \"Pyth Pro X provides a highly reliable, holistic pricing source for Real World Assets, enabling us to value both crypto and RWA collateral through a single, unified feed. This level of integration is essential for supporting sophisticated features like Multi Asset Margining and ensuring our risk frameworks remain robust in a 24/7 trading environment.\"","\"CASH markets are built on the premise that anyone should be able to trade real-world assets without barriers. Pyth Pro X aligns perfectly with that vision; reliable, institutional-grade pricing across equities, commodities, and beyond is exactly the infrastructure that makes deep, liquid CASH markets possible,\" said Marco van den Heuvel, Co-Founder at BEAM. \"We're excited to see Pyth stepping up as the data layer for the next generation of exchange infrastructure.\"","Legacy market data systems slow exchanges down. New assets often require months of negotiations, bespoke integrations, and restrictive redistribution agreements.","Pyth Pro X removes those constraints.","With a single integration, exchanges can:","Launch new markets in days, not months","Expand into new asset classes without rebuilding infrastructure","Operate without exchange fees or redistribution barriers","Access transparent subscription tiers that replace opaque licensing contracts and hidden fees","The market data economy was designed for a different era: one where access was gated, pricing was opaque, and innovation moved slowly. That model doesn't work for global, always-on markets.","Pyth Pro X represents a shift through a single price layer designed to deliver the price of everything, everywhere.","Pyth Pro X builds on the success of Pyth Pro, which surpassed $1 million in ARR in its first month, and Pyth's proven foundation of powering over $2.4 trillion in cumulative trading volume, distributing real-time data across more than 100 blockchains, and serving over 600 applications in DeFi and traditional finance.","To learn more about Pyth Pro X and how leading exchanges are using it, visit the Pyth Pro X landing page or get in touch with the Pyth team.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pyth-pro-x-institutional-market-data-built-for-exchanges"},"/blog/pyth-pro-for-ai-agents-institutional-market-data-for-autonomous-finance":{"version":1,"title":"Pyth Pro for AI Agents: Institutional Market Data for Autonomous Finance - Blog - Pyth Network","description":"AI agents need better data than humans do. Pyth Pro for AI Agents delivers 3,000+ institutional price feeds, one integration, zero licensing friction.","keywords":"","h1":["Pyth Pro for AI Agents: Institutional Market Data for Autonomous Finance"],"h2":["Why the existing data stack cannot serve agents","Why Pyth is uniquely positioned","How Pyth Pro for AI Agents works","How to get started","The thesis holds"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","AI agents need better data than humans do. Pyth Pro for AI Agents delivers 3,000+ institutional price feeds, one integration, zero licensing friction.","Announcements","Mar 31, 2026","The agentic AI market in financial services is projected to grow from $5.2 billion in 2024 to nearly $197 billion by 2034. 44% of finance teams plan to deploy agentic AI in 2026, up over 600% from 2025. Bloomberg has embedded LLMs directly into its terminal. The top 50 banks announced more than 160 agentic AI use cases in a single year.","AI agents will consume more market data than humans ever have. A single agent workflow can query prices across dozens of assets in seconds, repeatedly, 24/7. Multiply that by every institution deploying agentic workflows, and the demand for programmatic, cross-asset market data dwarfs anything the terminal era produced.","Today, Pyth launches Pyth Pro for AI Agents to meet that demand: an agent-native market data service that gives any AI agent access to 3,000+ institutional-grade price feeds across crypto, equities, FX, metals, and commodities. Built on the same data infrastructure that secured $2.7 trillion in transaction volume across 700+ onchain and offchain applications.","This is not an AI app. It is infrastructure for the era of autonomous finance.","When a human analyst pulls a price from a terminal, they apply judgment. They cross-check, they notice when something looks off, they read the context around the number. Agents operating at scale cannot do any of that. A bad input propagates through the workflow and produces a bad output. There is no friction in the loop to catch it.","This makes data quality even more consequential for agents than for humans. Today, most agent workflows pull financial data from web search or public APIs with opaque methodologies. These sources were not designed for programmatic use at scale. They introduce latency, inconsistency, and coverage gaps that would be immediately disqualifying in any institutional context.","The second problem is fragmentation. An AI agent assigned to monitor cross-asset conditions needs prices across equities, FX, crypto, and commodities. In the traditional stack, that means four different vendor integrations, four different authentication flows, and four different data formats to normalize. For an agent workflow, that is an architectural constraint that limits what the agent can do.","The third problem is structural. The largest market data providers built their infrastructure for human users sitting at proprietary terminals. Their licensing models reflect that: restrictive redistribution terms, per-seat pricing, and usage constraints that prohibit programmatic consumption by third-party agents. The delivery model and legal framework were not built for autonomous consumption at scale.","Pyth's architecture was designed, from the ground up, for permissionless programmatic consumption. This is not a feature that was added later. It is how the network was built.","First-party data from the firms that set prices. Pyth's prices come from institutions that are active participants in price discovery: trading firms, exchanges, market makers, and banks. The data does not pass through intermediaries who repackage, delay, or mark it up. When the consumer is an autonomous system making real-time decisions, the pedigree of the input determines the quality of every output downstream.","Redistribution-friendly licensing. Pyth Pro's licensing permits programmatic access and redistribution to downstream systems, including AI agents. This is the structural difference that matters most. Legacy providers restrict how their data can be consumed and by whom. Pyth Pro AI allows any agent to access the data, build on it, and feed it into autonomous workflows without triggering licensing violations. For institutions deploying agentic systems in production, it is a prerequisite.","Every asset class, one integration. 3,000+ price feeds spanning crypto, equities, FX, metals, and commodities, accessible through a single connection. Assembling equivalent coverage through traditional vendors requires multiple contracts, multiple authentication flows, and multiple data formats. For an agent that needs to reason across asset classes in real time, Pyth eliminates the integration burden entirely.","Open protocol, open source. Pyth Pro AI is open source and available wherever agents operate. It is built on MCP (Model Context Protocol), the emerging standard for connecting AI agents to external tools and data, and listed across every major MCP registry: Claude, Cursor, Glama, and the Solana ecosystem. There is no lock-in to a specific AI platform, and no requirement to operate inside a proprietary terminal or interface. The data goes where the agents are.","No other market data provider combines all four: first-party institutional data, redistribution-friendly licensing, unified cross-asset coverage, and open-protocol delivery. Other oracle networks have open delivery but source from the same third-party APIs that agents can already access directly. Pyth is the only provider where the architecture, the data, and the licensing are all built for a world where agents are the primary consumers.","Pyth Pro AI is built on MCP (Model Context Protocol), the emerging standard for connecting AI agents to external tools and data. MCP is supported natively by Claude, Cursor, and a growing list of AI platforms. Any agent running on an MCP-compatible client can call Pyth Pro AI tools directly. No custom integrations, no bespoke APIs, no maintenance overhead.","Pyth Pro AI exposes four tools:","get_symbols Search and discover available price feeds by name, asset type, or keyword. 3,000+ feeds spanning crypto, equities, FX, metals, and commodities.","get_latest_price Real-time prices with confidence intervals, updated at millisecond frequency. Requires a Pyth Pro access token.","get_historical_price Prices at specific past timestamps. Historical data available from April 2025 onward.","get_candlestick_data OHLC data at configurable resolutions (1-minute through monthly) for charting, technical analysis, and backtesting.","Three of the four tools work without authentication and are available for free. Real-time pricing via get_latest_price requires a Pyth Pro access token, available at pyth.network/pricing.","Pyth Pro AI is available now. Install it directly through Claude or Cursor by searching for Pyth in the MCP marketplace, or clone the repository and configure it manually.","GitHub: github.com/pyth-network/pyth-mcp","Claude MCP registry: Search \"Pyth\" in the Claude MCP settings","Cursor plugin: Available in the Cursor plugin directory","npm: @pyth-network/mcp-server","For institutions evaluating Pyth Pro as a data layer for production agentic workflows, reach out at pyth.network/contact.","Pyth started as infrastructure for DeFi, securing over $2.7 trillion in derivatives volume. Pyth Pro extended that same institutional-grade data to traditional finance through a subscription service. Pyth Pro AI extends it to autonomous finance: making that data accessible to the agents and workflows that are becoming the next interface layer in finance.","When AI agents become the largest consumers of market data, the providers that win will be the ones whose architecture was built for programmatic, permissionless consumption from day one. Not the ones trying to retrofit terminal-era licensing for an agentic world.","Pyth was built for this.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pro-for-ai-agents-institutional-market-data-for-autonomous-finance"},"/blog/how-us-equities-actually-trade-sessions-gaps-and-what-most-data-providers-miss":{"version":1,"title":"How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss - Blog - Pyth Network","description":"US equities trade across four sessions and 16+ venues. Most price feeds cover one. Here's how the market actually works and how Pyth prices all of it.","keywords":"","h1":["How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss"],"h2":["Four Sessions, Four Different Markets","The Single-Venue Problem","Why Prices Gap Between Sessions","How Pyth Approaches Equity Data Differently","24/5 Coverage Through Blue Ocean ATS","Pyth Pro: The Enterprise Layer","What This Means for Builders","The Bigger Picture"],"h3":["Disclaimer"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","US equities trade across four sessions and 16+ venues. Most price feeds cover one. Here's how the market actually works and how Pyth prices all of it.","Research","Mar 9, 2026","The stock market is not open from 9:30 AM to 4:00 PM. That is one session out of four. US equity trading activity spans a full 24-hour cycle, fragmented across different venues, participant bases, and liquidity regimes. Any system consuming equity price data that only covers regular trading hours is blind to more than 16 hours of price discovery per day.","This is the first entry in Know Your Feed, a series breaking down how price data actually works across every major asset class. Starting with the most complex: US equities.","Unlike crypto, which trades 24/7 on a relatively unified set of venues, US equity trading is split into four distinct sessions within each 24-hour cycle. Each session operates with different participants, different liquidity profiles, and often different price behavior.","Overnight (Sun-Thu, 8:00 PM to 4:00 AM ET) is currently dominated by Blue Ocean ATS, an SEC-registered Alternative Trading System. This session opens the trading week on Sunday evening and handles over $1B in average nightly volume.","Pre-market (Mon-Fri, 4:00 AM to 9:30 AM ET) is driven by institutional flows and early reactions to overnight news. Liquidity builds significantly after 8:00 AM when economic data releases begin. Only limit orders are accepted.","Regular trading hours (Mon-Fri, 9:30 AM to 4:00 PM ET) is the primary session on NYSE and NASDAQ. This is where the highest liquidity, tightest spreads, and full designated market maker participation occur. LULD (Limit Up-Limit Down) circuit breakers are active during this window.","Post-market (Mon-Fri, 4:00 PM to 8:00 PM ET) sees heavier retail participation via broker platforms. Earnings releases are commonly issued in this window, making it a high-volatility period with wider spreads than regular hours.","The implications for anyone consuming equity price data are significant. A price feed that only covers regular hours will miss overnight reactions to geopolitical events, pre-market institutional positioning, and post-market earnings gaps. For DeFi protocols using equity feeds for mark-to-market, funding rates, or liquidations, this gap in coverage is a structural risk.","US equity trading is fragmented across 16 registered exchanges, numerous dark pools, and alternative trading systems. The SIP (Securities Information Processor) consolidates quotes from all these venues into the NBBO, the best bid and offer available across the entire market.","Not all venues contribute equally to price discovery.","Some market data providers, especially those targeting crypto and DeFi use cases, source equity prices from a single low-volume venue attracted by simpler licensing terms. The problem is significant: these venues handle a fraction of total US equity spot volume. Spreads are meaningfully wider than on primary exchanges like NASDAQ and NYSE, where the majority of price discovery occurs.","A price from a single low-volume venue is that venue's price. It is not \"the stock price.\"","For any system using equity prices for collateral valuation, funding rate calculation, or liquidation triggers, the source venue matters. A price that deviates from the primary exchange can trigger false liquidations or create arbitrage opportunities against the protocol's users. The cheaper the licensing, the further the price may sit from where real volume trades.","A price gap occurs when a stock opens at a significantly different price than the previous session's close. Because each session has different liquidity profiles and participant bases, price information does not flow smoothly across boundaries. These gaps are a structural feature of equity markets, not anomalies.","The most common catalysts include earnings releases (often announced in post-market), geopolitical or macro events (which can move prices sharply in overnight or pre-market sessions), analyst upgrades and downgrades (which set the tone before regular hours open), and the weekend itself. The 64+ hour window between Friday at 8:00 PM and Sunday at 8:00 PM is the largest information accumulation period in the weekly cycle. The overnight session on Sunday provides the first price signal after that void.","LULD circuit breaker halts also create intra-session gaps. When a stock moves too fast during regular hours, trading is paused. Upon resumption, price can jump in either direction.","For DeFi protocols, these gaps represent a distinct category of risk. Lending protocols valuing equity collateral may face instant under-collateralization after an earnings gap. Perpetual futures platforms need to handle session boundaries where the feed transitions from one data source to another. Stop-loss logic that works in continuous crypto markets does not protect against the discontinuous pricing inherent in equities.","The Pyth Network's equity feeds are built on a fundamentally different architecture than most data providers in the crypto ecosystem. Three design choices define the approach.","First-party institutional publishers. Pyth's US equity feeds receive data from a curated subset of institutional data providers, including market makers, exchanges, and trading firms with direct market access across all sessions. These are the institutions that participate in price discovery, not intermediaries repackaging someone else's data.","Primary-venue benchmarking. Publisher accuracy is measured against the mid-point price at the primary market for each stock. The 99th percentile deviation from this benchmark must remain within 20 basis points. This ensures the aggregate price reflects where real, high-volume price discovery occurs, not where licensing is simplest.","Session-specific publisher curation. Because different publishers participate in different sessions, Pyth maintains separate feed configurations for each trading window. Each feed requires a minimum of five active publishers, selected based on price freshness (95%+ of prices delivered fresh within each trading day) and accuracy against the primary-venue benchmark.","Through an exclusive data partnership, Pyth is the only blockchain-based oracle provider publishing overnight US equity trading data from Blue Ocean ATS. This addresses the most significant gap in modern equity data infrastructure: the overnight session.","Blue Ocean ATS is an SEC-registered Alternative Trading System with FINRA oversight. It covers US National Market System (NMS) stocks from Sunday through Thursday, 8:00 PM to 4:00 AM ET. The pricing is executable and ATS-sourced, meaning it reflects actual trades on a regulated venue, not indicative quotes or AMM-derived estimates.","Other data providers either go dark during the overnight window or attempt to fill the gap with indicative pricing and modeled estimates. Pyth publishes prices from actual trades on a regulated ATS. That distinction matters for any system where pricing accuracy has financial consequences.","Combined with pre-market, regular, and post-market coverage, this gives Pyth the only true 24/5 US equity data feed available to DeFi and institutional consumers.","Pyth Pro delivers this multi-session equity data through standard APIs (WebSocket, REST, FIX) designed for institutional integration. Key capabilities for equity consumers include on-demand pricing (subscribers pull prices when needed), customizable payloads with fields including price, bestBid, bestAsk, confidence, and marketSession, and cryptographic verification for onchain settlement across EVM, Solana, and other formats.","The marketSession field is particularly important for equity consumers. It tells protocols exactly which trading session the price originates from, enabling session-aware risk logic. A price tagged \"overnight\" carries inherently different liquidity characteristics than one tagged \"regular.\" Protocols can apply different collateral haircuts, margin requirements, or staleness thresholds based on this field.","Engineers and protocol designers building products that reference equity prices need to internalize a few structural realities.","Equity prices are not continuous. They vary by session, venue, and liquidity regime. A feed that treats all prices as equivalent regardless of session context will produce unreliable risk calculations.","Session boundaries create real discontinuities. Pausing new activity for a few seconds around transitions (for example, 3:59 to 4:01 PM ET) can prevent impact from price jumps between feeds.","Confidence intervals matter more for equities than for crypto. Spread and liquidity vary dramatically across sessions. Using the lower bound of the confidence interval for collateral valuation and the upper bound for outstanding loan positions is one approach to managing this variance.","Gap risk from earnings and macro events bypasses traditional risk controls. Tightening collateral requirements ahead of known earnings dates, freezing liquidations during LULD halts, and requiring higher margin for positions held through weekends are all practices that address this structural risk.","US equities are the most regulated, most liquid, and most structurally complex asset class to price correctly. Getting equity data right is the hardest test a price feed provider can face.","Pyth's approach to equities, sourcing from the institutions that actively trade them, benchmarking against primary venues, and covering all four sessions, demonstrates the depth of infrastructure required to serve institutional-grade data consumers.","This is the first in a series. FX, commodities, and fixed income each have their own structural complexities, their own challenges that most data providers handle poorly or ignore entirely. Each edition of Know Your Feed will break them down.","For the full technical reference, including feed IDs, integration formulas, and the complete publisher network breakdown, the US Equities Asset Info Pack is available as a downloadable resource.","Pyth Pro delivers 3,000+ price feeds across equities, crypto, FX, commodities, and fixed income through a single integration. That includes 24/5 US equity coverage across all four trading sessions, sourced from the institutions that set prices. Book a demo with an authorized distributor here.","This post is for informational and educational purposes only and does not constitute legal, financial, investment, or any other form of professional advice. The discussion of NBBO, SIPs, and related regulatory concepts is provided for general context and should not be relied upon as a complete or authoritative statement of applicable law or market structure. All accuracy figures and performance comparisons cited herein are based on empirical analysis conducted during specific historical observation periods. These figures reflect historical observations only and are not a guarantee or promise of future performance or data quality; actual results may vary materially depending on market conditions, liquidity, and other factors. References to specific exchanges, venues, protocols, or products are for illustrative purposes and do not constitute an endorsement or warranty of any kind. Digital assets, decentralized finance protocols, and related products carry significant risks, including the risk of total loss. Readers should conduct their own independent due diligence and consult qualified professionals before making any decisions based on the information presented here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Feb 23, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-us-equities-actually-trade-sessions-gaps-and-what-most-data-providers-miss"},"/blog/polymarket-taps-pyth-pro-to-power-its-traditional-asset-markets":{"version":1,"title":"Polymarket Taps Pyth to Power its Traditional Asset Markets - Blog - Pyth Network","description":"Polymarket relies on Pyth Pro to power real-time pricing across gold, silver, equities, and indices. Here's how it works and why data quality is everything.","keywords":"","h1":["Polymarket Taps Pyth to Power its Traditional Asset Markets"],"h2":["Why Data Quality Matters","How The Integration Works","Traditional Assets, Institutional-Grade Data","What This Means for Pyth","The Price is Live. Check it."],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Polymarket relies on Pyth Pro to power real-time pricing across gold, silver, equities, and indices. Here's how it works and why data quality is everything.","Announcements","Apr 2, 2026","Polymarket, the world's largest prediction market platform, has integrated Pyth Pro as its data source for a new suite of traditional asset contracts. Starting with gold, silver, and major equity index ETFs, Polymarket relies on Pyth Pro data for daily up/down and daily close markets, with live price charts updated every second for full transparency.","Every prediction market depends on reliable pricing. For markets involving millions of dollars in positions, the stakes around data quality are significant. Inaccurate or manipulable price data doesn't just create bad user experiences; it erodes trust in the entire platform.","This is why Polymarket selected Pyth Pro.","Pyth's data is contributed directly by the world's leading trading firms, exchanges, market makers, and banks that actively set prices across global markets. Pyth Pro draws from the highest-quality publishers in the network, including Jump Trading, Blue Ocean, LMAX, and Jane Street. Pyth data has secured over $2.7 trillion in transaction volume, spanning onchain protocols and offchain institutions.","Pyth Pro delivers real-time price data via WebSocket. Polymarket samples this data every second and publishes it as a live chart, the \"price to beat,\" giving traders continuous visibility into where the market stands relative to their position.","Pyth data powers these markets from open to close. Gold up or down this hour? Silver above or below a target? Traders track it live through Pyth-powered charts.","For traders who want to explore the underlying data directly, the feeds powering these markets are live on Pyth Terminal.","The assets Polymarket has chosen to power with Pyth span the full breadth of traditional finance: major equity indices, commodities like gold, silver, WTI crude, and natural gas, and over a dozen single-name US equities ranging from mega-cap tech to high-volatility names like TSLA, COIN, and PLTR. None of these are crypto. They are traditional asset classes historically priced by legacy data vendors charging hundreds of thousands per month for fragmented, repackaged feeds.","“Millions of dollars can hinge on a single price point, and that demands absolute confidence in the source of truth. Pyth delivers that assurance, enabling Polymarket to expand into high-stakes financial markets. This is just the beginning of our partnership with Pyth.” - @Mustafa Aljadery, Product Lead at Polymarket","Pyth Pro offers a different model: first-party data from the firms that actively trade these assets, delivered through a single integration at a fraction of legacy costs. For Polymarket, this means access to institutional-grade precious metals and equity data without the overhead of traditional market data contracts.","Polymarket is one of the highest-traffic platforms globally, with millions of users and significant daily volume. Every user watching a live Pyth-powered price chart is seeing the network's data quality in action, across traditional asset classes, with real money on the line.","This integration demonstrates Pyth's cross-asset coverage and data quality hold up where it matters: powering real-time pricing on one of the most visible platforms in the space.","Equity indices, commodities, and single-name US equities are the first traditional asset classes live on Polymarket with Pyth Pro. Additional assets and market types are expected to follow.","The Polymarket markets are live now. So is Pyth Terminal, a new interface where anyone can explore Pyth's full library of price feeds, verify data quality firsthand, and access a free trial of Pyth Pro here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/polymarket-taps-pyth-pro-to-power-its-traditional-asset-markets"},"/blog/what-happens-to-a-price-feed-during-a-stock-split":{"version":1,"title":"What Happens to a Price Feed During a Stock Split? - Blog - Pyth Network","description":"Stock splits don't move markets. But a price feed that can't tell the difference will. Pyth handles it.","keywords":"","h1":["What Happens to a Price Feed During a Stock Split?"],"h2":["What Are Corporate Actions?","Why Corporate Actions Break Price Feeds","The Ex-Date Workflow","How This Works at the Infrastructure Level","What Builders Should Do","Why This Matters"],"h3":["Disclaimer"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Stock splits don't move markets. But a price feed that can't tell the difference will. Pyth handles it.","Education","Apr 6, 2026","A 4:1 stock split cuts the reported price by 75% overnight. A 1:10 reverse split multiplies it by 10. These are not market events. No buying or selling pressure caused the move. The company's market cap has not changed.","But any system reading the raw price without context will interpret the change as a crash or a spike.","For traditional brokerages and portfolio trackers, corporate actions are a back-office problem handled by reference data teams and corporate action processors. For decentralized applications consuming price feeds, the problem is harder. There is no back office. The price feed is the system of record. If it gets the post-split price wrong, the consequences are immediate: false liquidations, corrupted collateral valuations, and cascading risk events.","Corporate actions are events initiated by a public company that change the structure or value representation of its shares. The most relevant for price feed infrastructure are:","Stock splits increase the number of outstanding shares by a fixed ratio while proportionally reducing the price per share. A 4:1 split means every shareholder receives 4 shares for every 1 they held, and the price adjusts to one-quarter of its pre-split value. Total market capitalization stays the same.","Reverse splits do the opposite. A 1:10 reverse split consolidates 10 shares into 1 and multiplies the price by 10. Companies typically execute reverse splits to raise their share price above exchange minimum listing requirements.","Delistings remove a stock from exchange trading entirely. The price feed must stop producing updates and clearly signal that the instrument is no longer active.","Each of these events produces a planned price discontinuity on a specific date known as the ex-date. Unlike gaps caused by earnings or macro events, the ex-date is announced in advance, sometimes weeks ahead. The challenge is not predicting when it will happen. The challenge is coordinating a precise, simultaneous adjustment across every data source contributing to the feed.","The core problem is simple: the price before the ex-date and the price after the ex-date are not comparable. A price feed that publishes $400 at market close on Monday and $100 at market open on Tuesday (after a 4:1 split) has not recorded a 75% decline. It has recorded a structural repricing. But any automated system consuming that feed without adjustment will treat it as a real price move.","The downstream effects depend on the application:","Lending protocols using the equity as collateral will calculate a sudden, massive drop in collateral value. Positions that were healthy at $400 appear catastrophically under-collateralized at $100. Automated liquidation logic will fire.","Perpetual futures platforms referencing the feed for mark price will see funding rates spike as the mark price diverges from the pre-split expectation. Traders holding positions through the ex-date face unexpected settlement amounts.","Options and structured products referencing equity feeds must adjust strike prices and contract multipliers in lockstep with the split. A feed that does not signal the corporate action leaves these instruments mispriced.","The problem compounds in overnight markets. Splits typically take effect at the start of trading on the ex-date. The overnight session preceding the ex-date is where the transition happens. If a venue like Blue Ocean ATS halts trading on the affected ticker during that window (which it does), the feed must also stop publishing. Any system that interprets the absence of updates as \"price unchanged\" rather than \"trading halted for corporate action\" will carry the stale pre-split price into the next session.","Handling corporate actions correctly requires a coordinated, multi-phase process across every publisher contributing to the affected feed. The process is not just about adjusting a number. It is about ensuring that every data source transitions simultaneously so the aggregate price is never corrupted.","Phase 1: Advance notice. Corporate actions are announced well before the ex-date. Reference data reflecting the upcoming action is produced and distributed, enabling consumers to initiate their own change management processes. For protocols and applications, this is the window to adjust positions, collateral parameters, and risk models.","Phase 2: Overnight halt. On the night before the ex-date, overnight trading venues halt trading on the affected ticker. No feed updates are generated during this window. A market schedule holiday is added via governance to prevent the production of any new price while the market is closed for that specific instrument.","Phase 3: Publisher adjustment. Before the next session opens, every publisher contributing to the affected feed must apply the split ratio to their pricing engine. This is not optional. Any publisher that is not ready must stop publishing to avoid corrupting the aggregate with an unadjusted price. Non-compliance exposes publishers to slashing risk within the Pyth network.","Phase 4: Rejection window. When the next session opens (typically pre-market at 4:00 AM ET), the aggregator computes the expected post-split price using the formula: last known price multiplied by the split denominator divided by the split numerator. Any publisher whose submitted price deviates beyond a configurable threshold from this expected value is rejected. Only correctly adjusted prices enter the aggregate. This rejection window can last up to 12 hours.","Phase 5: Normal aggregation. Once the rejection window expires and all contributing publishers are aligned, standard aggregation resumes. The feed is now producing the post-split price with full publisher consensus.","Corporate actions on the Pyth Network are managed through governance instructions that update feed metadata. The implementation stores the action as structured data attached to the specific feed, including the type of action (split or reverse split), the adjustment factor expressed as a numerator and denominator, the activation type (tied to the US equity ex-date), and configurable rejection thresholds.","The aggregator maintains per-feed state, including the last known price. This state persists across restarts, which means the rejection logic remains effective even if infrastructure is cycled during the overnight window. The entire system is feature-flagged and operates at the aggregator level, making it possible to handle corporate actions on a per-feed basis without affecting other instruments.","This infrastructure was validated during the NFLX stock split on November 17, 2025. All contributing publishers reflected the adjusted price within the expected window during the pre-market session, and the aggregate transitioned cleanly without producing any corrupted price points.","Applications consuming equity price feeds should not treat corporate actions as edge cases. They are scheduled events that require explicit preparation.","Monitor upcoming actions. Track announced splits, reverse splits, and delistings for every equity feed consumed. The advance notice period (often weeks) provides ample time to prepare.","Adjust internal parameters before the ex-date. Collateral ratios, liquidation thresholds, strike prices, position sizes, and any other parameter that references the nominal share price must be adjusted to reflect the post-action value.","Handle the overnight halt correctly. On the night before the ex-date, expect the feed to produce no updates for the affected ticker. Use the marketSession field and feedUpdateTimestamp to distinguish a corporate action halt from a market outage. These are fundamentally different conditions requiring different responses.","Do not carry stale pre-split prices into the next session. If the feed has not updated since before the halt, the last known price is the pre-split price. Using it as-is after the ex-date will produce catastrophically wrong calculations.","Validate the first post-action price. When updates resume, verify that the new price is consistent with the expected post-split value. A simple check: multiply the last pre-split price by the adjustment factor. If the first post-action price is within a reasonable tolerance of that expected value, the transition was successful.","Corporate action handling is infrastructure that is invisible when it works. Most data consumers will never think about it. But the absence of this infrastructure creates some of the most severe failure modes in equity pricing: a 75% apparent crash that is actually a split, a 10x apparent spike that is actually a reverse split, or a feed that keeps publishing prices for a delisted stock.","For any application where pricing accuracy has financial consequences, the question is not whether corporate actions will affect the feeds being consumed. They will. The question is whether the price feed provider has the infrastructure to handle them correctly.","Pyth Pro delivers 3,000+ price feeds across equities, crypto, FX, commodities, and fixed income through a single integration. That includes 24/5 US equity coverage across all four trading sessions, sourced from the institutions that set prices. Book a demo with an authorized distributor here.","This post is for informational and educational purposes only and does not constitute legal, financial, investment, or any other form of professional advice. All accuracy figures and performance metrics cited herein are based on historical observations during specific periods and are not a guarantee of future performance or data quality; actual results may vary materially depending on market conditions, liquidity, and other factors. References to specific exchanges, venues, protocols, or products are for illustrative purposes and do not constitute an endorsement or warranty of any kind. Digital assets, decentralized finance protocols, and related products carry significant risks, including the risk of total loss. Readers should conduct their own independent due diligence and consult qualified professionals before making any decisions based on the information presented here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-happens-to-a-price-feed-during-a-stock-split"},"/blog/introducing-the-pyth-data-marketplace-major-financial-institutions-choose-pyth-for-direct-data-distribution":{"version":1,"title":"Introducing the Pyth Data Marketplace: Major Financial Institutions Choose Pyth for Direct Data Distribution - Blog - Pyth Network","description":"Six major financial institutions join Pyth Network as data publishers. The Pyth Data Marketplace is officially live.","keywords":"","h1":["Introducing the Pyth Data Marketplace: Major Financial Institutions Choose Pyth for Direct Data Distribution"],"h2":["A New Wave of Institutions","Why the Data Marketplace, and Why Now","What Comes Next"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Six major financial institutions join Pyth Network as data publishers. The Pyth Data Marketplace is officially live.","Announcements","Apr 6, 2026","Over the past five years, the Pyth Network has built the infrastructure through which institutional market data moves across global markets. More than 120 of the world's largest institutions contribute data to the network, delivering 3,000+ price feeds that has secured over $3 trillion in cumulative trading volume.","Today, the network enters its next phase with two milestones: six major financial institutions across three continents are joining the network as data publishers, and the Pyth Data Marketplace is officially live.","The institutions joining today have historically distributed their data exclusively through legacy vendor networks and proprietary terminals. Their decision to publish through Pyth marks a turning point: the world's most established financial institutions are choosing onchain infrastructure as a primary distribution channel.","The Data Marketplace is the product making this possible at scale. It enables any institution to distribute proprietary datasets, from economic indicators to OTC pricing to FX benchmarks, through Pyth's global infrastructure while retaining full control over their data, attribution, and pricing. Aggregated price feeds solved one side of the market data equation. The Marketplace solves the other.","Euronext FX, Exchange Data International (EDI), Fidelity Investments, OTC Markets Group, SGX FX, and Tradeweb are now publishing proprietary market data through the network. Each represents a different category of institutional participant, and each brings data from a different corner of global markets.","For these institutions, this marks the first time their proprietary data has been made available through onchain infrastructure. Their decision to publish through Pyth signals a meaningful shift in how the world's most established financial institutions think about data distribution: not as a question of traditional versus onchain, but as a question of reach, control, and who they trust to carry their data to global markets.","The addition of these six, spanning exchange infrastructure, interdealer brokerage, OTC data, buy-side asset management, and reference data, reinforces that Pyth is becoming the default infrastructure for institutional data publishers looking to extend their reach beyond traditional channels.","\"These institutions recognize the need for a modern distribution model where data comes directly from the source,\" said Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network. \"Our 24/7 global economy needs more than just a price layer. It needs a comprehensive, accessible, and transparent data layer, one we are proud to advance with the launch of Pyth Data Marketplace.\"","\"Euronext FX's data represents some of the highest-quality institutional pricing available across global currency and metals markets. Publishing this data through Pyth marks an important step toward a unified, transparent, and programmable market data standard for modern finance.\" — Nicolas Jegou, CEO of Euronext FX","\"At Tradeweb, we are seeing growing demand for more timely and accessible ETF data. By publishing our iNAVs to the Pyth Network, we are exploring how onchain infrastructure can extend the reach of high-quality, intraday valuations to a broader set of market participants.\" — Michael Zaladonis, Global Head of Data Products and Analytics at Tradeweb","The $50 billion market data industry has operated on the same model for decades: institutions generate price discovery, vendors purchase the feeds, repackage them, and redistribute through closed infrastructure. The institutions creating the most valuable data have had the least control over how it reaches the market.","The movement of institutional data onto open networks is accelerating. Pyth's aggregated price feeds solved one part of the equation: real-time market prices from institutional publishers, combined into a single output. The other part, giving institutions a trusted, scalable way to distribute their own unique datasets with full attribution and control, has remained largely unsolved.","The Pyth Data Marketplace fills that gap. It enables institutions to publish any type of dataset, from economic indicators to OTC pricing to FX composites to proprietary indices, directly to a global network spanning 100+ blockchains and 700+ applications. Marketplace datasets are distributed as pass-throughs: the data retains its source integrity, metadata, and attribution end to end. Institutions set the terms. Pyth provides the infrastructure and global reach.","At launch, the Marketplace features institutional-grade datasets including spot FX, precious metals data, crude swaps data, and reference datasets across equities, ETFs, fixed income, and derivatives with additional partners across FX, volatility, indices, and macro in advanced onboarding.","\"Market data has flowed through the hands of a select few for too long,\" said Mike Cahill. \"We're working alongside some of the world's largest financial institutions to rewrite that model and establish an open data economy, creating a modern market data solution built by and for institutions.\"","The institutions closest to price formation are choosing Pyth. Six new publishers today. A growing roster of Marketplace partners. And a pipeline of additional institutions across asset management, banking, and market infrastructure preparing to join.","What began as infrastructure for decentralized markets is becoming the standard distribution layer for institutional finance. The network is just getting started.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-the-pyth-data-marketplace-major-financial-institutions-choose-pyth-for-direct-data-distribution"},"/blog/sgx-fx-joins-the-pyth-network-institutional-fx-composite-benchmarks-on-a-modern-distribution-layer":{"version":1,"title":"SGX FX Joins The Pyth Network: Institutional FX Composite Benchmarks on a Modern Distribution Layer - Blog - Pyth Network","description":"SGX FX joins Pyth Network, bringing institutional FX composite benchmarks covering 74 currency pairs and 40+ tenors to a modern distribution layer.","keywords":"","h1":["SGX FX Joins The Pyth Network: Institutional FX Composite Benchmarks on a Modern Distribution Layer"],"h2":["What SGX FX Brings","Why It Matters","About the Pyth Network"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","SGX FX joins Pyth Network, bringing institutional FX composite benchmarks covering 74 currency pairs and 40+ tenors to a modern distribution layer.","Announcements","Apr 16, 2026","SGX FX, a wholly-owned subsidiary of Singapore Exchange Group (SGX Group), is joining the Pyth Network as a data publisher. This collaboration makes SGX FX's real-time institutional FX composite benchmarks available through Pyth.","SGX FX contributes composite benchmarks providing a market-neutral mid-rate for 74 currency pairs and over 40 tenors, aggregated from institutional liquidity across major financial centers including Singapore, Tokyo, London, and New York.","SGX FX is one of six institutions that recently joined Pyth Network alongside the launch of the Pyth Data Marketplace, a new platform enabling institutions to distribute and monetize proprietary datasets through Pyth's global infrastructure.","SGX Group operates one of the world's most trusted multi-asset marketplaces, spanning equities, fixed income, commodities, and FX. Through SGX FX, the exchange connects institutional participants worldwide via an integrated trading and clearing ecosystem that supports price discovery and settlement across both onshore and offshore markets.","The global FX market processes over $9 trillion in daily transaction volume yet remains among the most fragmented asset classes in global finance. Pricing varies across regions and intermediaries, limiting transparency and access to accurate benchmarks.","SGX FX's composite benchmarks address this directly. By aggregating liquidity across multiple venues and time zones, they deliver a transparent, market-neutral reference rate that reflects real institutional activity rather than indicative quotes. Publishing this data through Pyth makes it accessible across 100+ blockchains and 700+ applications through a single integration, providing developers and financial institutions with continuous, verified FX benchmarks that can be integrated into risk systems, DeFi protocols, and analytics platforms.","\"We are committed to upholding the highest standards of transparency and integrity through our SGX FX benchmarks. Contributing this critical pricing data to the Pyth Network is a deliberate step towards accelerating real-time, decentralized finance, ensuring the ecosystem is built on a foundation of trusted, institutional-grade data.\" — Jean-Philippe Male, CEO of SGX FX","For decades, institutional FX benchmark data has been locked behind proprietary terminals and fragmented vendor relationships. SGX FX's decision to publish through Pyth marks the first time these composite benchmarks have been made available through onchain infrastructure.","SGX FX joins over 120 institutions already publishing through Pyth with each addition strengthening the network's coverage across asset classes and geographies, and SGX FX brings one of Asia's most trusted FX benchmark platforms into the network.","\"SGX FX's contribution exemplifies the shift toward a transparent, programmable market data economy. The world's leading market operators are now connecting directly to the next generation of financial infrastructure, and together we're building a seamless global price layer for every asset class and geography.\" — Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network","The Pyth Network sources market data directly from the institutions that set prices. More than 120 trading firms, exchanges, banks, and market makers contribute proprietary data to the network, which delivers 3,000+ price feeds across every major asset class. Pyth Pro is an institutional market data subscription. The Pyth Data Marketplace enables institutions to distribute and monetize proprietary datasets through Pyth's global infrastructure.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/sgx-fx-joins-the-pyth-network-institutional-fx-composite-benchmarks-on-a-modern-distribution-layer"},"/blog/tradeweb-joins-pyth-network-real-time-etf-fair-value-data-on-a-modern-distribution-layer":{"version":1,"title":"Tradeweb Joins Pyth Network: Real-Time ETF Fair Value Data on a Modern Distribution Layer - Blog - Pyth Network","description":"Tradeweb brings real-time ETF fair value data to the Pyth Data Marketplace — institutional iNAV pricing, now onchain.","keywords":"","h1":["Tradeweb Joins Pyth Network: Real-Time ETF Fair Value Data on a Modern Distribution Layer"],"h2":["What Tradeweb Brings","Why It Matters","About the Pyth Network"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Tradeweb brings real-time ETF fair value data to the Pyth Data Marketplace — institutional iNAV pricing, now onchain.","Announcements","Apr 13, 2026","Tradeweb, one of the world's most important fixed income market operators, is joining the Pyth Network as a data publisher. This collaboration makes Tradeweb's indicative net asset value (iNAV) data for exchange-traded funds available through the Pyth Data Marketplace.","Tradeweb is the calculation agent for approximately 1,000 ETFs globally, spanning fixed income, credit, commodities, equities, and digital asset products. Its decision to publish iNAV data through Pyth marks the first time this institutional-grade ETF pricing has been made available through onchain infrastructure.","Tradeweb is one of six institutions that joined Pyth Network as part of the launch of the Pyth Data Marketplace, a new platform enabling institutions to distribute and monetize proprietary datasets through Pyth's global infrastructure.","Tradeweb operates the largest electronic fixed income marketplace in the world, connecting dealers, asset managers, and institutional investors across rates, credit, money markets, and ETFs.","Its iNAV product calculates the real-time fair value of an ETF basket based on underlying constituent prices and weightings, providing bid, offer, and mid prices that allow market participants to assess whether an ETF is trading at a premium or discount relative to its underlying portfolio. This is an essential input for execution, portfolio trading, and intraday risk management.","Current coverage spans roughly 900 UCITS ETFs, with growing expansion across US and APAC markets. With additional major issuers expected to onboard, coverage is projected to reach 1,500 ETFs.","Publishing this data through Pyth creates a new distribution channel: institutional ETF fair value data accessible across 100+ blockchains and 700+ applications through a single integration, without intermediaries or legacy redistribution agreements.","ETFs have become one of the most important instruments in global markets, yet real-time transparency into their true economic value remains uneven. Screen prices often lag underlying portfolio movements, particularly in fixed income, emerging markets, and less liquid asset classes.","Tradeweb's iNAV data addresses this gap. By combining broker-sourced pricing for underlying constituents with precise portfolio weightings, iNAV provides a continuously updated reference point for ETF valuation. This data underpins intraday price discovery, portfolio trading, risk management, mark-to-market processes, and compliance workflows across institutional finance.","Making this data available through Pyth extends these capabilities into programmable environments where ETF pricing can be consumed in real time and integrated directly into trading and risk systems.","\"At Tradeweb, we are seeing growing demand for more timely and accessible ETF data. By publishing our iNAVs to the Pyth Network, we are exploring how onchain infrastructure can extend the reach of high-quality, intraday valuations to a broader set of market participants. This complements existing distribution channels and reflects a broader shift toward more open, scalable and programmable access to market data.\" — Michael Zaladonis, Global Head of Data Products and Analytics at Tradeweb","\"ETF markets depend on accurate, continuous valuation. With institutions like Tradeweb publishing directly to Pyth Network, we're moving toward a market data economy where fair value is programmable, global, and available at the speed markets actually move.\" — Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network","The Pyth Network sources market data directly from the institutions that set prices. More than 120 trading firms, exchanges, banks, and market makers contribute proprietary data to the network, which delivers 3,000+ price feeds across every major asset class. The Pyth Data Marketplace enables institutions to distribute and monetize proprietary datasets through Pyth's global infrastructure.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/tradeweb-joins-pyth-network-real-time-etf-fair-value-data-on-a-modern-distribution-layer"},"/blog/euronext-fx-joins-pyth-institutional-fx-and-precious-metals-data-on-a-modern-distribution-layer":{"version":1,"title":"Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer - Blog - Pyth Network","description":"Euronext joins Pyth Network as a data publisher, bringing institutional spot FX, NDF, and precious metals pricing to Pyth Pro's aggregated feeds.","keywords":"","h1":["Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer"],"h2":["What Euronext FX Brings","Why It Matters","About The Pyth Network"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Euronext joins Pyth Network as a data publisher, bringing institutional spot FX, NDF, and precious metals pricing to Pyth Pro's aggregated feeds.","Data Providers","Apr 10, 2026","Euronext, the largest pan-European market infrastructure group, is joining the Pyth Network as a data publisher. This collaboration makes Euronext's institutional spot FX, NDF, and precious metals data available through Pyth Pro, the network's institutional market data subscription.","Euronext000 operates regulated exchanges across Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, sitting at the center of continental price discovery. Its FX venue aggregates liquidity from global banks, hedge funds, and proprietary trading firms, producing institutional pricing across major currency pairs and precious metals.","Euronext is one of six institutions that recently joined Pyth Network alongside the launch of the Pyth Data Marketplace. While others are distributing proprietary datasets through the Marketplace, Euronext is contributing directly to Pyth's aggregated price feeds, strengthening the quality and depth of FX and metals pricing available to Pyth Pro subscribers.","Euronext FX operates one of the most liquid FX trading ecosystems in Europe, offering access to spot FX, NDFs, and precious metals with competitive pricing and global institutional participation.","Currency and precious metals markets are among the most fragmented asset classes in global finance. Pricing varies by geography, venue, and counterparty, creating blind spots across risk models, settlement workflows, and cross-border liquidity.","By publishing to Pyth Pro, Euronext adds one of Europe's deepest sources of institutional FX and metals liquidity to the network's aggregated feeds. This data is combined with contributions from over 120 leading institutions to produce a more comprehensive and accurate view of global markets, accessible through a single integration.","\"Euronext FX's data represents some of the highest-quality institutional pricing available across global currency and metals markets. Publishing this data through Pyth marks an important step toward a unified, transparent, and programmable market data standard for modern finance.\" — Nicolas Jegou, CEO of Euronext FX","For decades, institutional FX and precious metals data has been locked behind proprietary terminals and fragmented vendor relationships. Euronext's decision to publish through Pyth marks the first time this data has been made available through onchain infrastructure.","The institutions closest to price formation are increasingly choosing modern distribution infrastructure to extend their reach. Euronext joins over 120 institutions already publishing through Pyth.","\"Every day, more of the world's most respected financial institutions choose to distribute their data through Pyth. Euronext's contribution underscores the structural shift taking place: the market data economy is moving upstream, becoming more transparent, and evolving into a programmable foundation for global finance.\" — Mike Cahill, CEO of Douro Labs","Pyth Network sources market data directly from the institutions that set prices. More than 120 trading firms, exchanges, banks, and market makers contribute proprietary data to the network, which delivers 3,000+ price feeds across every major asset class. Pyth Pro is an institutional market data subscription. The Pyth Data Marketplace enables institutions to distribute and monetize proprietary datasets through Pyth's global infrastructure.","Blog","Aug 20, 2026","Jul 24, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/euronext-fx-joins-pyth-institutional-fx-and-precious-metals-data-on-a-modern-distribution-layer"},"/blog/the-standard-for-prediction-markets-kalshi-selects-pyth":{"version":1,"title":"The Standard for Prediction Markets: Kalshi Selects Pyth - Blog - Pyth Network","description":"Kalshi, the first CFTC-regulated prediction market, adopts Pyth Pro to power RWA and commodities market resolution.","keywords":"","h1":["The Standard for Prediction Markets: Kalshi Selects Pyth"],"h2":["Prediction markets need a new standard","Why Kalshi chose Pyth Pro","The assets","The emerging standard for prediction market data","What comes next"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Kalshi, the first CFTC-regulated prediction market, adopts Pyth Pro to power RWA and commodities market resolution.","Announcements","Apr 22, 2026","Kalshi, the world’s largest prediction market, has integrated Pyth as the resolution source for its newly launched Commodities Hub, a dedicated product section for trading event contracts tied to the world’s most important physical markets, including gold, silver, Brent crude oil, natural gas, copper, corn, soybeans, and wheat. The resolutions will be powered by Pyth price data. As part of the integration, Pyth Pro, a next-generation market data service, will provide direct data access to Kalshi’s market makers.","As prediction markets move from niche products to a mainstream asset class, the contracts they resolve are becoming larger, more dynamic, and increasingly global. That scale raises the bar for infrastructure: resolution sources must be accurate, transparent, always on, and built for markets that never sleep.","For too long, many prediction platforms have relied on ad hoc workflows, manual processes, or opaque third-party feeds that were never designed for continuous, real-time resolution. Pyth is changing that. With institutional-grade pricing sourced directly from the firms actively trading the underlying assets, Pyth is becoming the data layer that the category’s leading platforms can rely on for resolutions.","Kalshi’s Commodities Hub brings a new level of ambition to prediction markets: a dedicated venue for event contracts tied to some of the world’s most important physical markets. But commodities have historically settled on exchange windows that close at night and on weekends, creating a structural mismatch for markets that trade continuously.","That is where Pyth fits in. Pyth’s first-party data model aggregates prices directly from firms actively trading the underlying assets, delivering a globally available real-time price suited for 24/7 resolution across markets and asset classes.","For a platform operating at this scale, the choice of resolution source is not just a technical detail. It is a core part of market integrity. Pyth Pro meets that bar by giving Kalshi the institutional-grade pricing infrastructure needed to support continuous trading and reliable contract settlement.","Kalshi’s initial launch includes a broad commodities slate: gold, silver, Brent crude oil, natural gas, copper, corn, soybeans, and wheat. Additional asset classes are expected to follow as the exchange expands its market coverage.","These are traditional commodity markets with deep institutional participation and significant price complexity. Pricing them accurately requires data from participants who are actively trading the assets, not aggregators repackaging exchange data after the fact. Pyth’s upstream sourcing model is designed for exactly this use case, giving prediction markets a live view of global trading activity across markets and asset classes.","Prediction markets are expanding beyond their original use cases. Political outcomes and crypto prices were the first wave. Commodities and traditional financial instruments are the next. As that expansion accelerates, the infrastructure behind resolution becomes increasingly consequential.","Pyth Pro is becoming the answer to that question. From Polymarket to Kalshi, Pyth is capturing the prediction market resolution stack and establishing itself as the unified backbone for platforms that need fast, credible, globally accessible pricing.","Kalshi’s integration is more than a product announcement. It is a signal about where the category is heading—and what the standard looks like for platforms that take data quality seriously.","“As the exchange deepens our offerings in liquid commodities, it’s important that Kalshi’s markets are backed by fast, institutional-grade data. Pyth’s price feeds are both granular and easy to consume, complementing Kalshi’s mission to make these markets accessible to a broader set of retail and institutional participants. It’s been great working with a team willing to meet our infrastructure needs.” — John Wang, Head of Crypto at Kalshi","\"Contract resolution for 24/7 markets is incompatible with data designed for the current 9-to-5 schedule,\" said Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network. \"Kalshi's Commodities Hub is precisely the kind of product Pyth was built to support through a real-time view of global trading activity across markets and asset classes, and we're proud to serve as the data layer for one of the most important venues for global price discovery.\"","Kalshi's initial markets cover a broad commodities slate, with more asset classes to follow. As Pyth Pro's coverage expands across indices, equities, FX, and beyond, prediction platforms will have access to the same institutional-grade data layer for every market type they want to build.","The data standard for prediction markets is being set now. Pyth Pro is it.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-standard-for-prediction-markets-kalshi-selects-pyth"},"/blog/when-the-industry-starts-saying-it-pyth-is-becoming-a-new-model-for-market-data":{"version":1,"title":"When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data - Blog - Pyth Network","description":"A new Benchmark-StoneX research note reframes Pyth: not crypto middleware, but a direct challenge to the institutional data vendors of traditional finance.","keywords":"","h1":["When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data"],"h2":["From oracle protocol to market data network","The numbers behind the framing","Three sources of demand","Continuous markets, continuous data","The Spotify of market data","What the outside view confirms"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Download the Benchmark–StoneX research note","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","A new Benchmark-StoneX research note reframes Pyth: not crypto middleware, but a direct challenge to the institutional data vendors of traditional finance.","Research","Apr 30, 2026","Every company has a vision for what it’s building. But it hits differently when the market starts saying it for you.","Benchmark, the equity research arm of StoneX, just published a research note on Pyth Network. The framing it lands on is the most important part: Pyth is no longer being described as crypto middleware. It is being described as a direct challenge to the institutional data vendors that dominate traditional finance.","“Pyth is beginning to operate less like a crypto oracle and more like a next‑generation market data platform, one that challenges legacy providers and redefines what real‑time financial data can look like.”","That framing did not come from within. It comes from analysts who cover the financial data industry for a living, after looking at the architecture, the adoption curve, and the commercial trajectory.","The report's central argument is structural. Pyth sources prices first-hand from the institutions that actually set them — exchanges, market makers, and trading firms — and distributes those prices with sub-second latency across the systems that need them, onchain and off. The result, in Benchmark's words, \"functions less like a price oracle and more like a price layer that sits between data producers and data consumers.”","That sentence is doing a lot of work. It captures a transition that has been underway for some time but rarely articulated this cleanly from the outside: Pyth is operating as market data infrastructure, with an oracle as one delivery surface among several.","The report frames Pyth's first phase as establishing technical differentiation through first-party sourcing and an architecture suited to active trading. The second phase, now underway, is building the commercial layer on top: subscription products, proprietary datasets, and direct distribution to institutions.","Benchmark's note pulls together a set of operational data points that, taken together, support the market data thesis:","710+ businesses now use Pyth data","$2.8 trillion in cumulative transaction volume secured","60% of the on-chain perpetuals market runs on Pyth","Pyth Pro delivers feeds across more than 2,200 instruments","138+ first-party publishers contributing data","114+ blockchains receiving Pyth feeds","The commercial trajectory is the part that matters most for the framing shift. Pyth Pro launched in September 2025. By the end of Q1 2026, it had reached a $3M ARR run-rate. Cahill, Douro Labs CEO, told Benchmark the platform is on track for $10M ARR by year-end, with only around 7% of network users having upgraded to paid tiers so far. He described the recent ramp as \"a five-year overnight success.\"","Those numbers are early-stage by any traditional benchmark. They are also the first externally cited revenue trajectory for an on-chain market data business, which is the broader point.","The report breaks Pyth's demand into three categories, and the framework is worth borrowing because it captures where the next leg of growth is coming from.","Crypto and derivatives remain the core. The oracle layer created the wedge — first-party institutional data, low latency, an architecture designed for active trading. That wedge is now being pulled into adjacent categories.","Prediction markets are the clearest example of that pull. Polymarket uses Pyth Pro to power real-time pricing across gold, silver, equities, and indices. Kalshi, the CFTC-regulated venue, also relies on Pyth data. These are environments that demand timely, accurate, cross-asset reference data — and they have chosen Pyth.","AI agents may be the most consequential category over time. Pyth Pro for AI Agents delivers more than 3,000 institutional price feeds through a single integration. The data is already accessible inside Claude and Cursor, with thousands of agents calling Pyth feeds every day.","The AI angle is where the licensing argument gets interesting. As Cahill noted in the report, building extensive machine-readable datasets is hard without clarity about what rights are being sold and reused. The platforms that win, in his framing, will be the ones that provide not just data, but \"licensed data with clear distribution rights and programmatic access.\"","That is a different kind of competition than the one the oracle category was built around.","Benchmark also flagged a product that crystallizes the broader thesis: the Pyth 24/7 Oil Index, a continuously updating crude composite built from both institutional and on-chain sources. Cahill's observation in the report is that no single exchange or legacy data vendor has a comparable view across nights, weekends, and holidays.","This is the structural argument applied to a single asset class. As trading hours extend and asset classes go continuous, data infrastructure built on closed-hours conventions starts to break down. The opening that creates is exactly the kind of category — commodities, FX, tokenized assets — where Benchmark suggests Pyth has the potential to challenge legacy incumbents directly.","Cahill's framing for where this is heading, captured in the report, is \"the Spotify of market data\": a data layer that acquires financial information directly from the best sources in the world and distributes it across modern infrastructure, with premium subscriptions and AI integrations off-chain and cryptographic verification on-chain.","The contrast he draws is with the current market data model, which the report describes as \"fragmented, expensive, and mediated by data vendors.\" That is the legacy structure Pyth is positioned against, and it is the structure Benchmark's note is implicitly arguing is now contestable.","The most useful thing about an external research note is that it forces a thesis to be stated cleanly. Benchmark's contribution here is a clear articulation of something that has been visible in the data for a while: the next market data platform will not look like a terminal. It will look like a programmable price layer built from first-party sources, continuously updating for continuous markets, spanning venues, assets, and applications, and delivered in a machine-native format that powers traders, algorithms, and agents alike.","Pyth has been building toward that for a while. What changed this month is that the market started describing it the same way.","Blog","Aug 20, 2026","Aug 11, 2026","Mar 9, 2026","Feb 23, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/when-the-industry-starts-saying-it-pyth-is-becoming-a-new-model-for-market-data"},"/blog/pyth-s-next-chapter-infrastructure-upgrade-and-a-revenue-based-economic-model":{"version":1,"title":"Pyth's Next Chapter: Infrastructure Upgrade and a Revenue-Based Economic Model - Blog - Pyth Network","description":"Pythnet is being retired. OIS reward emissions are ending. Lazer, Pyth Pro, and the Data Marketplace are the forward infrastructure.","keywords":"","h1":["Pyth's Next Chapter: Infrastructure Upgrade and a Revenue-Based Economic Model"],"h2":["Where Pyth Is Going: Lazer, Pyth Pro, and the Data Marketplace","What Changes for Oracle Integrity Staking","What OIS Delivered","What Stays the Same","What Comes Next: Revenue, Not Emissions","Summary"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythnet is being retired. OIS reward emissions are ending. Lazer, Pyth Pro, and the Data Marketplace are the forward infrastructure.","Announcements","Apr 23, 2026","The Pyth Network is upgrading its infrastructure. Over the past year, the network's center of gravity has shifted from Pythnet, the appchain that has powered Pyth price feeds since 2021, to Pyth Lazer, a new generation of infrastructure built for lower latency, broader asset coverage, and institutional-grade distribution.","This transition was formalized by OP-PIP-100, which passed earlier this week and established the sunset of Pythnet later in 2026. As part of that alignment, the Pyth DAO is now winding down rewards for Oracle Integrity Staking (OIS), the program that served as the network's first experiment in cryptoeconomic security for price feeds. Staking and slashing remain live.","This post covers where the network is heading next, what is changing, and what is staying the same.","Lazer is Pyth's most advanced oracle infrastructure, built for customizable delivery: configurable feeds, target chains, and update channels ranging from real-time (1ms) to fixed 50ms or 200ms channels. It represents the technical foundation for the next phase of the network, and it is the rail on which both Pyth Pro and the Pyth Data Marketplace run.","Pyth Pro is the institutional product built on top of that foundation. It consolidates more than 3,000 price feeds across equities, futures, ETFs, commodities, FX, crypto, and fixed income into a single distribution network, delivered to traditional financial firms through standard APIs with transparent, tiered subscription pricing.","The Pyth Data Marketplace extends the network's reach in a different direction: onboarding exclusive, high-demand datasets from some of the largest institutions in the world and making them available through Pyth's distribution. Recent additions include Euronext FX, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX FX, Tradeweb, and more.","Together, Pyth Pro and the Data Marketplace are where new integrations are landing, where revenue is being generated, and where the network's focus sits.","Oracle Integrity Staking (OIS) launched in late 2024 on Pythnet. It introduced staking rewards and slashing mechanisms designed to hold publishers economically accountable for the quality of their price contributions, bootstrapped by a 100M PYTH allocation from the Pyth Data Association. That reward pool has distributed rewards on schedule and is now approaching depletion, expected by the end of April, 2026.","OP-PIP-103 proposes to set the OIS reward rate parameter (Y) to 0 before the pool reaches zero. This is a technical requirement: if Y remains above zero once the pool is empty, the program continues calculating weekly rewards that no tokens exist to fulfill, creating an accounting mismatch between on-chain state and actual balances.","Continuing to emit new rewards on Pythnet would also be misaligned with OP-PIP-100. The infrastructure OIS was built on is being retired. Rewards should wind down alongside it rather than draw on new allocations for a sunsetting piece of infrastructure.","What changes is reward emissions. Staking and slashing themselves remain live.","Over its run, OIS attracted roughly 1B PYTH in stake across approximately 120 publisher pools. A substantial portion of the Pyth community participated, delegating to publishers of their choice and contributing to the security posture of the oracle.","Across the full lifetime of the program, zero slashing proposals were submitted to the Pyth DAO. Publishers delivered consistent, high-quality data throughout the period covered by OIS. That is the factual record, and it is the cleanest statement available about data quality during this phase of the network.","A few points worth being explicit about, because they matter for anyone currently holding a position in OIS or participating in governance:","Staking and slashing remain live. Enforcement does not require ongoing emissions — it requires stake at risk. Publishers and delegators who keep stake in OIS remain subject to slashing for data quality violations.","Existing stakers can unstake and withdraw at any time. No lockup changes, no new restrictions. Visit the staking page here.","Governance staking is a separate program and is unaffected. PYTH holders who stake for governance can continue to do so without any change. Voting on Pyth Improvement Proposals works exactly as it did before.","With Y set to 0, there is no ongoing reward accrual in OIS. For most participants, the straightforward path is to unstake.","The economic model underneath Pyth has already shifted. For several months now, the PYTH Reserve has been converting protocol revenue into monthly open-market PYTH purchases, executed by the Pyth DAO treasury. To date, approximately 12M PYTH have been purchased through this mechanism.","The Reserve is powered by revenue from Pyth Pro, Pyth Core, Entropy, Express Relay, and the Marketplace. Each month, the DAO deploys a third of its treasury balance to acquire PYTH from the open market.","On the product side, demand is accelerating. Recent and ongoing integrations span prediction markets (Polymarket, Kalshi), Trade[XYZ], multiple centralized exchanges (Coinbase, OKX, BitMEX, Bitget), and a growing cohort of institutions onboarding through the Pyth Data Marketplace. Adoption has been driven largely by inbound interest, an uncommon pattern in the institutional data landscape, and a signal about the product's fit with what the market has been looking for.","The throughline: Pyth's economic design is moving from subsidy-based emissions on a sunsetting network to revenue-based flows on the infrastructure that is now carrying the network forward.","Pythnet is being retired per OP-PIP-100, with sunset scheduled for later in 2026.","OIS rewards are winding down with OP-PIP-103, setting Y to 0 before the reward pool depletes.","Staking and slashing themselves remain live. What ends is reward emissions.","~1B PYTH staked across ~120 publisher pools; zero slashing proposals submitted over the full OIS lifetime.","The PYTH Reserve has purchased ~12M PYTH from the open market since launch, funded by real product revenue.","Lazer, Pyth Pro, and the Data Marketplace are the forward infrastructure, with institutional adoption accelerating.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-s-next-chapter-infrastructure-upgrade-and-a-revenue-based-economic-model"},"/blog/the-pyth-terminal-front-door-to-the-data":{"version":1,"title":"The Pyth Terminal: Front Door to the Data - Blog - Pyth Network","description":"Pyth Terminal is live. Browse 3,000+ feeds across crypto, equities, FX, and commodities. See the data, compare prices, pick the tier that fits.","keywords":"","h1":["The Pyth Terminal: Front Door to the Data"],"h2":["See the data first","Built for how people actually use data","Why this matters"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Terminal is live. Browse 3,000+ feeds across crypto, equities, FX, and commodities. See the data, compare prices, pick the tier that fits.","Announcements","May 20, 2026","The Pyth Terminal is live.","For decades, market data platforms were built around exclusivity. Expensive contracts, opaque pricing, and bundled products often required users to pay for more data than they actually needed.","The Pyth Terminal takes a different approach.","It is a new interface for accessing live market data directly from the source — built for developers, traders, protocols, and institutions that need reliable pricing in real time. Open the Terminal and explore thousands of live feeds across crypto, equities, FX, commodities, and more, all updating in real-time.","Browse over 3,000 live feeds and explore how prices are formed. Watch charts update tick by tick, compare Pyth prices against external benchmarks, and toggle publishers on or off to understand the underlying data powering every feed.","Users can now evaluate the quality of market data before integrating it into their products. No closed sales process. No black box. Just live data, visible in real time.","Not every user needs the same thing.","Some only need crypto prices. Others need equities, commodities, or FX. Some want lightweight access for experimentation, while others require full-scale real-time infrastructure for production systems.","The Pyth Terminal is designed around that reality.","Instead of requiring users to enter into massive bundled agreements, Pyth introduces flexible access to the exact data you need, whether you are building an application, running trading systems, or powering institutional workflows.","Real-time market data should be accessible, composable, and transparent. Access the Pyth Terminal here.","Market data has historically been sold behind closed doors. Opaque pricing, complex contracts, and limited ability to evaluate quality before committing. The Terminal moves away from this model.","The terminal is publicly accessible and users can see what Pyth actually delivers, and decide if it fits their needs. Pricing is public. Tiers are clear. The data is visible before you pay for it.","This is the front door to Pyth. Come in and look around here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-pyth-terminal-front-door-to-the-data"},"/blog/the-pyth-core-upgrade":{"version":1,"title":"The Pyth Core Upgrade - Blog - Pyth Network","description":"Pyth Core gets a transformational infrastructure upgrade on July 31st. Same API, better data, subscription required. Plans start at $500/month.","keywords":"","h1":["The Pyth Core Upgrade"],"h2":["What the upgrade brings","Two ways to upgrade","Chain support","Why this is happening","What it means for the network","Getting started"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Core gets a transformational infrastructure upgrade on July 31st. Same API, better data, subscription required. Plans start at $500/month.","Announcements","May 26, 2026","On July 31st, Pyth Core is getting a transformational infrastructure upgrade. Reduced latency, greater symbol coverage, better data quality, and the same backward-compatible API that hundreds of applications have been building on since 2021. The one change for existing users: accessing any Pyth Price Feeds API will require a Pyth data plan, which start at $500 per month and are available through the Pyth Terminal. Custom plans are available for applications with specific asset class coverage.","This upgrade is the last major piece of the network moving onto a commercial model that combines growth with monetization. Pyth Pro and the Pyth Data Marketplace have been generating millions of dollars in revenue from institutions and applications. With this upgrade, Pyth Core joins them. Every category of Pyth user will flow through the same subscription infrastructure, with revenue accruing to the Pyth DAO.","Pyth Core users will now get access to capabilities that previously sat behind Pyth Pro:","Lower latency and higher update frequencies across all asset classes and feeds","Additional price feeds beyond what Core offers today","The same underlying publisher network: Fidelity Investments, Revolut, Tradeweb, Jane Street, Jump, DRW, Cboe, and the 125+ institutions contributing proprietary data","A 100% backward-compatible API, so existing integrations require no code rewrites","This upgrade also introduces new pricing plans for subscribers:","The Starter plan at $500 per month covers crypto, NAV, crypto redemption rates, and crypto indices with 1-second updates, which works well for the majority of existing Pyth Core users. Applications consuming other asset classes can subscribe to one of the Pyth Pro plans, with bundles available by asset class and combined coverage at a discount:","All Asset Classes: $10,000 / month","U.S. Equities: $5,000 / month","Futures: $5,000 / month","FX & Metals: $6,500 / month","FX: $5,000 / month","FX (G10 Only): $2,500 / month","Crypto: $2,500 / month","Metals: $2,500 / month","The vast majority of price feeds available on Pyth Core today are supported by the new infrastructure, along with many that were not previously available. The full live catalog is browsable on Pyth Terminal here. If you want to request support for a particular symbol, please email data@dourolabs.xyz.","Builders can choose when their application makes the switch (please note: apps on Sui must go through the early upgrade process).","Early upgrade (recommended). Sign up for Pyth Terminal and subscribe to a Pyth data plan (Starter or Pro) to get an API key, replace your Hermes endpoint with https://pyth.dourolabs.app/hermes/ and provide your API key as an Authorization: Bearer <token> header. Testnets are available for testing prior to going live in production. The full upgrade guide is in the docs here.","Automatic upgrade. Applications that do not upgrade early will be switched over on July 31st. The Pyth DAO will upgrade all existing Pyth Core contracts to consume data from the new infrastructure, and the existing Hermes endpoint will redirect to the new one. The transition will incur a few minutes of downtime around the cutover. Applications that need zero downtime can register for both Hermes endpoints during the window and consume whichever is valid at any given moment.","To avoid any downtime, it is recommended to go through the early upgrade process. Either way, an API key is required after July 31st. Sign up at Pyth Terminal.","The upgrade supports all major EVM chains, Solana, and Sui by default. Applications running on other ecosystems can still access price data via the Hermes API, but onchain verification on those chains will not be supported by default after the upgrade. Builders on non-default chains should contact the team ahead of July 31st to arrange continued support, or migrate to an alternative.","To view the list of available blockchains, go here. If you want to request support for a particular chain, please send an email to data@dourolabs.xyz.","Pyth Core launched as the network's first product and proved the model. First-party institutional data, aggregated and distributed across more than 100 blockchains, consumed by hundreds of applications. By the metrics available as of this blog, $3.1T+ in cumulative transaction volume processed, 700+ integrations, the leading position in DeFi derivatives data, the product-market fit is strong.","Phase 1 of the network was about proving institutional data could move onchain at scale. Phase 2 is about combining growth with a scalable business model. The global market data industry is a $50B+ annual market, dominated by legacy vendors selling fragmented coverage of the same asset classes that Pyth's publishers already produce. Pyth’s new subscription model is the product built to compete in that market. The data that has been flowing onchain for free since 2021 now flows through the same commercial system as everything else.","Subscription revenue flows back to the Pyth DAO and into the PYTH Reserve, which converts that revenue into open-market PYTH purchases on a recurring basis. The Reserve has been operational for several months and has already purchased approximately 12M PYTH from subscription revenue alone.","This upgrade converts the existing Pyth Core integration base into a paying cohort. Applied across the network's footprint, the Starter plan alone represents a meaningful expansion of the revenue feeding the Reserve.","Sign up for a Pyth data plan at Pyth Terminal. Read the upgrade documentation. Reach out to data@dourolabs.xyz with integration questions.","The price of everything, everywhere. Now on a single set of rails.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-pyth-core-upgrade"},"/blog/pyth-pro-is-live-on-cardano-the-pricing-layer-cardano-defi-has-been-waiting-for":{"version":1,"title":"Pyth Pro Is Live on Cardano: The Pricing Layer Cardano DeFi Has Been Waiting For - Blog - Pyth Network","description":"Pyth Pro is live on Cardano. Indigo is the first integration. Institutional-grade pricing for lending, synthetics, derivatives, and RWAs.","keywords":"","h1":["Pyth Pro Is Live on Cardano: The Pricing Layer Cardano DeFi Has Been Waiting For"],"h2":["Indigo: First Pyth Pro User on Cardano","What Pyth Pro Provides","Data Sourced Directly from Institutions","Building the Foundation for Cardano DeFi","Get Started"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro is live on Cardano. Indigo is the first integration. Institutional-grade pricing for lending, synthetics, derivatives, and RWAs.","Announcements","May 6, 2026","Pyth Pro is live on Cardano.","Cardano is one of the longest-running proof-of-stake ecosystems in the industry, driven by peer reviewed research and formal methods. Cardano’s passionate developer ecosystem has spent years building DeFi primitives the right way. Until recently, one piece of the stack was missing: high-performance, institutional-grade pricing infrastructure. With support in the architectural and structuring phase of development from the technical teams over at Cardano Foundation and Intersect, Pyth Pro is now live on Cardano and that gap is closed. The DeFi ecosystem now has the pricing layer it needs to build even more  use cases shaping onchain finance for tomorrow, from perpetuals and synthetics to lending, RWAs, and equity-linked products.","Indigo is one of Cardano's leading synthetic asset platforms, allowing users to mint and trade synthetic versions of real-world assets onchain. Synthetic assets only function when their pricing is accurate, fast, and resistant to manipulation, which makes the quality of underlying market data the most critical piece of the stack.","\"Integrating Pyth Network brings institutional-grade, real-time market data infrastructure to Cardano - the kind of data layer that decentralized lending, stablecoin liquidity, and derivatives markets require to scale. This is exciting - because it is just the start.\" - Michiel Bellen, Global Head of Integrations at Cardano Foundation","On Cardano, Pyth Pro delivers millisecond-level price updates with sub-100ms end-to-end latency, broad cross-asset coverage, and audited, production-ready infrastructure. The data is sourced directly from institutional market participants and is the same class of pricing used by professional trading systems and market makers.","For builders, this means fewer constraints as products become more sophisticated.","Pyth Pro pricing is sourced upstream.","Prices are contributed directly by 125+ institutional publishers who are active participants in price discovery, not downstream data vendors or aggregators.","This sourcing model avoids exchange API scraping, aggregation delays, opaque pricing logic, and restrictive redistribution terms. Prices are aggregated transparently allowing protocols to reason explicitly about data quality rather than treating pricing as a black box.","Cardano's DeFi ecosystem is entering a new phase, with builders shipping increasingly sophisticated products across lending, synthetics, and derivatives. Pyth Pro is committed to growing alongside that progress, expanding asset coverage, adding new feed types, and supporting Cardano protocols as they scale. Indigo is the first. More are coming.","Pyth Pro is live and available on Cardano today.","Builders who need higher performance or expanded asset coverage can integrate Pyth Pro. Learn more and request access here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pro-is-live-on-cardano-the-pricing-layer-cardano-defi-has-been-waiting-for"},"/blog/the-asian-expansion-hong-kong-equities-now-live-on-pyth-pro":{"version":1,"title":"The Asian Expansion: Hong Kong Equities, Now Live on Pyth Pro - Blog - Pyth Network","description":"Tencent, BYD, and 70+ Hong Kong-listed names are now live on Pyth Pro, extending Pyth's equity coverage into Asia's largest financial hub.","keywords":"","h1":["The Asian Expansion: Hong Kong Equities, Now Live on Pyth Pro"],"h2":["Why Hong Kong, why now","What this unlocks","Coverage details","Getting access"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Tencent, BYD, and 70+ Hong Kong-listed names are now live on Pyth Pro, extending Pyth's equity coverage into Asia's largest financial hub.","Announcements","May 27, 2026","Pyth Pro is extending coverage across Hong Kong-listed equities, with the first names live today and broader coverage rolling out this week. The initial set includes Tencent (0700), BYD (1211), the ChinaAMC CSI300 ETF, and the FTSE China A50 ETF, with 70+ additional HK-listed names soon following.","The expansion deepens Pyth's footprint in Asia and brings one of the world's most actively traded equity markets into a unified, cross-asset data layer that already covers US equities, FX, commodities, fixed income, and crypto.","Hong Kong is the gateway to Chinese equity exposure for the global investor base. Tencent, BYD, Xiaomi, Pop Mart, and the broader Hang Seng constituents are among the most demanded names in the world, yet access has historically been gated by regional brokerage requirements, fragmented licensing, and high data costs.","At the same time, onchain demand for Asia equity exposure has accelerated. Perpetual exchanges and prediction markets are expanding well beyond crypto and US tech names, and Asia equities have been a structural coverage gap. Builders have had to choose between routing through Hong Kong brokerage relationships, stitching together delayed retail feeds, or skipping the asset class entirely.","Pyth closes that gap.","For exchanges and applications, the addition of Hong Kong equities means HK equity perps, prediction markets, structured products, and tokenized portfolios can be launched on the same data integration already powering crypto, US equities, and FX markets. One API, one contract, one consistent format.","A few of the use cases this supports:","Perpetual exchanges running HK equity perps with manipulation-resistant mark prices and unified collateral pricing alongside crypto and US equity markets","Prediction markets building event contracts on Asia macro, Chinese tech earnings, and HK index movements","Tokenized portfolio products referencing Hong Kong constituents with real-time pricing","Trading firms and fintech platforms integrating Asia equity data without standing up a separate regional vendor relationship","The cost and integration profile is the same as any other Pyth Pro feed. No additional license per region. No separate contract per asset class.","Tencent, BYD, the ChinaAMC CSI300 ETF, and the FTSE China A50 ETF are live now. Coverage is expanding rapidly across Chinese technology, consumer, EV, financials, energy, and Hong Kong ETF names, with 70+ additional listings coming online this week.","Feeds are sourced from publishers active in these markets and aggregated through Pyth's existing infrastructure, with real-time updates and the same delivery options as the rest of the Pyth Pro catalog (REST, WebSocket, and onchain via the 100+ supported blockchains).","The roadmap for Asia continues with broader Hong Kong listings and South Korean equities in the near future.","Hong Kong equity feeds are available now on Pyth Pro. Existing subscribers with the Equities or All Access plan can use them immediately. Teams looking to integrate can reach out through the Pyth Terminal.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-asian-expansion-hong-kong-equities-now-live-on-pyth-pro"},"/blog/24-7-finance-needs-24-7-price-infrastructure-introducing-pyth-indices":{"version":1,"title":"24/7 Finance Needs 24/7 Price Infrastructure. Introducing Pyth Indices - Blog - Pyth Network","description":"Markets don't close anymore. Pyth Indices delivers proprietary 24/7 pricing across U.S. equities, oil, metals, and thematic baskets.","keywords":"","h1":["24/7 Finance Needs 24/7 Price Infrastructure. Introducing Pyth Indices"],"h2":["Markets Don't Close Anymore","Pyth Has Been Here Before","What Pyth Indices Are","Why Pyth Can Build These","Launch Partners","MarketVector Brings the Index Framework","A First for the Market","What's Next","Get Access"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Markets don't close anymore. Pyth Indices delivers proprietary 24/7 pricing across U.S. equities, oil, metals, and thematic baskets.","Announcements","Jun 9, 2026","Markets don’t close anymore, so there’s no more time to “touch grass.” Pyth is building toward an always-on market data platform that can price everything, around the clock, starting with proprietary 24/7 indices across U.S. equities, oil, metals, and thematic baskets co-developed with MarketVector Indexes, a VanEck company. These indices are going live with Coinbase, Kraken, Nado, and dYdX.","There used to be a simple rhythm: markets closed, the week ended, and you could step away, touch grass, and come back when the bell rang. But that rhythm is gone.","Today, the biggest perpetual exchanges list equity, commodity, and FX perps and keep them open around the clock. Prediction markets run continuously. Tokenized stocks trade on weekends. The trading is already happening.","But when trading never stops, one thing becomes non-negotiable: pricing that never stops either. If the market keeps moving while the old reference points are offline, there’s no true “pause” button. When a weekend oil contract needs a mark price at 3am on a Sunday, the exchange has two options: price it off its own orderbook, or build custom logic internally. Neither is an independent reference. Both create risk.","Pyth Indices closes that gap.","This is not Pyth's first move into extended-hours pricing. Pyth is the first and leading provider for 24/5 feeds for U.S. equities, through an exclusive collaboration with Blue Ocean ATS. This enabled protocols and exchanges to get access to continuous U.S. equity pricing long before the broader market started demanding it.","24/5 feeds for equities were the first step. 24/7 indices across every major asset class are the next.","Pyth Indices are proprietary 24/7 products constructed from Pyth's price feeds. Each index has a defined basket, custom methodology, and runs continuously, 24/7.","The launch includes:","Oil: WTI and BRENT","U.S. Equities: NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, CRCL","Metals: Gold and Silver","Coinbase Equity Index Futures: AI10, Defense10, China10, Tech100 (co-developed with MarketVector)","Single-name and single-asset indices, including oil, equities, and metals, are built entirely in-house using Pyth's feeds and proprietary methodology. The Coinbase equity index futures, as the first multi-asset baskets in the suite, are co-developed with MarketVector Indexes. The Pyth and MarketVector partnership will extend to additional basket indices based on demand.","Each index is a standalone product with a published methodology.","Over 125 institutions, including leading trading firms, exchanges, and market makers, publish first-party prices directly to the network across equities, metals, FX, and commodities. Index construction starts at the aggregation origin, not downstream from intermediaries.","This matters for 24/7 indices because the network is not bound to any single exchange's hours. When traditional venues close, Pyth can source from where real price discovery happens.","Pyth Indices go live with launch partners who are building the next generation of 24/7 financial markets.","Coinbase is using a suite of proprietary equity index futures (AI10, Defense10, China10, Tech100) developed using the Pyth and MarketVector index framework. These products represent the first multi-asset baskets available through Pyth Indices, bringing institutional-grade index methodology and governance to thematic equity exposure.","\"Institutional-grade, 24/7 markets are becoming the standard. As this shift continues, the demand for continuous pricing across equities and commodities will only accelerate. Coinbase has been at the forefront of this evolution, and our growing share of the derivatives market is a direct reflection of that commitment. Tools like Pyth Indices help fill the critical infrastructure gaps that make this next era of markets possible.\" — Boris Ilyevsky, Head of Derivatives at Coinbase","Kraken is integrating Pyth Indices to support continuous pricing across its derivatives and trading products, extending market access beyond traditional trading hours.","\"Pyth Indices give us a continuous benchmark for assets where the underlying market doesn't trade round the clock. That matters because Kraken is launching perpetual contracts on oil, and a perpetual needs a 24/7 reference price to function. Oil is one of the markets active traders are watching most closely right now, and the launch lets us offer clients accurate exposure to it alongside the crypto, equity, and commodity exposure they already trade on Kraken Pro.” — John Palmer, Global Head of Derivatives at Kraken","dYdX and Nado are launching perpetual contracts priced on the Pyth 24/7 Oil Index, providing an independent multi-source reference price rather than relying solely on exchange order book activity.","Multi-asset basket indices require institutional governance, methodology oversight, and benchmark administration capabilities that go beyond traditional crypto market infrastructure. For these products, Pyth works with MarketVector Indexes, a VanEck company and regulated benchmark administrator. MarketVector provides index construction methodology and governance, while Pyth provides the underlying market data and continuous pricing infrastructure.","As Josh Kaplan, Head of Research & Investment Strategy at MarketVector Indexes, noted, \"The partnership with Pyth gives us the data foundation to support reliable near-continuous pricing.\" This combination of institutional index governance and direct publisher-sourced market data enables index products designed for modern, always-on markets.","\"Extending our thematic equity expertise into 24/5 infrastructure is not simply a technical upgrade — it is a rethinking of what 'round-the-clock’ price discovery looks like. The partnership with Pyth gives us the data foundation to support reliable, near-continuous pricing, and Coinbase's perpetual futures platform is the ideal first proof of concept for what we believe will be a much broader market.” — Josh Kaplan, Head of Research & Investment Strategy at MarketVector Indexes","This combination of institutional index governance and direct publisher-sourced market data enables index products designed for modern, always-on markets.","The first products built through this framework are the AI10, Defense10, China10, and Tech100 equity index futures available through Coinbase. Additional basket products may be introduced over time.","Pyth pioneered continuous pricing for traditional assets with its 24/7 Oil Index. Building on that foundation, Pyth Indices now extends the same methodology across equities, metals, and multi-asset baskets. For multi-asset baskets, the joint Pyth and MarketVector framework brings the same continuous pricing approach to thematic and regulated index products.","Beyond the asset categories live today, Pyth Indices will expand into thematic products, cross-asset baskets, and custom and white-label partner builds. Turnaround on custom indices is days to weeks, not quarters.","Institutional buyers, exchange partners, and fund issuers can request access to existing indices or discuss custom builds here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/24-7-finance-needs-24-7-price-infrastructure-introducing-pyth-indices"},"/blog/70-additional-hong-kong-equities-now-on-pyth-pro":{"version":1,"title":"70+ Additional Hong Kong Equities, Now on Pyth Pro - Blog - Pyth Network","description":"70+ Hong Kong equities are now live on Pyth Pro. One integration. One data layer. Every asset class, every market.","keywords":"","h1":["70+ Additional Hong Kong Equities, Now on Pyth Pro"],"h2":["Financial Markets Are Becoming Global. Infrastructure Needs to Catch Up.","Why Hong Kong Matters","What's Live Today","What Builders Can Create","Building the Global Price Layer"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","70+ Hong Kong equities are now live on Pyth Pro. One integration. One data layer. Every asset class, every market.","Announcements","Jun 3, 2026","More than 70 Hong Kong-listed equities are now live on Pyth Pro, bringing one of the world's most important financial markets into the same unified data layer that powers crypto, U.S. equities, commodities, FX, and onchain finance.","The addition of Hong Kong-listed equities marks a major step in Pyth's mission to build a global, cross-asset market data network, one that gives developers, exchanges, fintechs, and trading firms access to institutional-grade pricing through a single integration, regardless of asset class or geography.","With the addition of Hong Kong equities, Pyth Pro customers can now access pricing for some of Asia's most influential public companies, including Tencent (0700), BYD (1211), the ChinaAMC CSI300 ETF, and the FTSE China A50 ETF, alongside dozens of other Hong Kong-listed names.","The next generation of financial applications won't be limited by exchange hours, geography, or asset class and we are already seeing this shift happen.","Perpetual futures are expanding beyond crypto. Prediction markets are becoming a new mechanism for price discovery. Tokenized assets are bringing traditional financial products onchain. Developers increasingly want to build products that span multiple markets, regions, and asset classes.","Yet market data infrastructure remains fragmented.","Teams often need separate vendors for different regions, separate integrations for different asset classes, and entirely different workflows to access global markets. That fragmentation slows innovation.","Our vision is simple: one data layer that makes the price of everything accessible through a single integration and today, that vision is further advanced through the addition of Hong Kong-listed equities.","Hong Kong occupies a unique position in global markets. As one of the world's largest financial centers, it serves as a critical gateway to Chinese equity exposure for investors, institutions, and businesses around the world.","Many of Asia's most important public companies trade in Hong Kong. Major regional ETFs and benchmark products are built around Hong Kong-listed securities. The market acts as a bridge between global capital and Chinese growth.","Yet despite its importance, Hong Kong equity pricing has historically remained difficult to access at scale.","Regional licensing requirements, fragmented vendor relationships, and high market data costs have created barriers for builders looking to launch products tied to Asian markets.","At the same time, demand for Asian market exposure continues to grow.","Developers want to launch Hong Kong equity perpetuals. Prediction markets need reliable settlement pricing for Asian macro events and corporate earnings. Asset issuers are building tokenized products that increasingly require global market coverage.","Until now, Asia has remained one of the largest gaps in modern market data infrastructure.","Pyth Pro now includes more than 70 Hong Kong-listed equities and ETFs spanning:","Technology","Consumer and retail","Electric vehicles","Financial services","Energy","Broad market ETFs","The initial rollout includes:","Tencent (0700)","BYD (1211)","ChinaAMC CSI300 ETF","FTSE China A50 ETF","All feeds are available through the same Pyth Pro experience customers already use today.","One API. One format. One integration pattern.","Whether you're consuming crypto, equities, commodities, foreign exchange, or Hong Kong-listed securities, the experience remains consistent.","Feeds are available through REST, WebSocket, and onchain delivery.","With Hong Kong equities now available on Pyth Pro, exchanges, fintechs, and developers can build a broader range of cross-market products using a single, institutional-grade pricing integration, including perpetual markets on leading Hong Kong-listed companies, prediction markets that settle on key regional events such as earnings or index moves, tokenized portfolios and structured products that reference Hong Kong equities and ETFs, and global trading applications that add Asian market exposure without introducing a separate regional data provider or maintaining multiple vendor relationships.","The launch of Hong Kong equities is part of a broader effort to create a truly global market data network.","Today:","More than 710 businesses use Pyth data","Pyth has secured over $2.8 trillion in cumulative transaction volume","60% of the onchain perpetuals market runs on Pyth","Pyth Pro delivers pricing across 2,200+ instruments","138+ first-party publishers contribute data","Pyth feeds are distributed across 114+ blockchains","The future of markets is increasingly global, always-on, and cross-asset. Market data infrastructure should be too.","As we continue expanding coverage of Asian and global markets, our goal remains the same: Build the global price layer for financial markets.","One data layer. Across every asset. Across every market.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/70-additional-hong-kong-equities-now-on-pyth-pro"},"/blog/extended-hours-us-equity-data-moves-to-pyth-pro":{"version":1,"title":"Extended-Hours US Equity Data Moves to Pyth Pro - Blog - Pyth Network","description":"Extended-hours US equity feeds (.PRE, .POST, .ON) move from Pyth Core to Pyth Pro on June 15th. Here's what changes and how to migrate.","keywords":"","h1":["Extended-Hours US Equity Data Moves to Pyth Pro"],"h2":["What to do","Why this is moving","What stays on Pyth Core","Getting started"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Extended-hours US equity feeds (.PRE, .POST, .ON) move from Pyth Core to Pyth Pro on June 15th. Here's what changes and how to migrate.","News","Jun 12, 2026","On June 15th 2026, Pyth Core will deprecate all extended-hours and session-based US equity feeds — pre-market (.PRE), post-market (.POST), and overnight (.ON). The full list of affected tickers is in the developer forum post. Applications relying on these feeds should transition to Pyth Pro before June 15th to maintain access.","This change applies to roughly 50 US equity tickers across all three session categories, including AAPL, TSLA, NVDA, COIN, MSTR, META, SPY, QQQ, and others. Regular-session feeds for these tickers remain on Pyth Core through the broader Core upgrade on July 31st.","Applications using any of the affected .PRE, .POST, or .ON feeds need to:","Sign up for Pyth Terminal at app.pyth.com","Subscribe to a Pyth Pro plan that includes US equities — either the U.S. Equities plan ($5,000 / month) or All Asset Classes ($10,000 / month)","Generate an API key and update integrations to point to the new endpoint","The full session-feed catalog and updated symbol mappings are available on Pyth Terminal. For chain or feed support questions, email data@dourolabs.xyz.","Extended-hours and overnight equity data is some of the most premium data in the legacy market data economy. Pre-market, post-market, and overnight pricing for US equities is tightly licensed, expensive to source, and historically reserved for institutional desks paying through dedicated vendor contracts.","Pyth is one of the only providers offering true 24/5 US equity pricing onchain at all. That coverage exists because of the network's institutional publisher base — firms with direct access to extended-hours liquidity in venues like Blue Ocean ATS, where overnight US equity trading happens. Aggregating that data and pricing it as a paid product brings Pyth in line with how the rest of the market data world treats this category.","This is consistent with the broader Pyth Core upgrade launching on July 31st: the most valuable feeds and the highest-quality data flow through Pyth Pro, with revenue accruing to the Pyth DAO.","Regular trading session equity feeds remain available on Pyth Core through July 31st, when the broader Core upgrade takes effect. After July 31st, all Pyth Core data access requires an active Starter or Pro plan through Pyth Terminal.","The publishers are the same. The data quality is the same. What changes is the commercial relationship — and which Pyth product carries which category of data.","Sign up for a Pyth Pro plan at app.pyth.com. Read the migration documentation.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/extended-hours-us-equity-data-moves-to-pyth-pro"},"/blog/pyth-expands-into-fixed-income-fenics-openyield-and-tradeweb-join-the-network":{"version":1,"title":"Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network - Blog - Pyth Network","description":"Fenics Market Data, OpenYield, and Tradeweb are joining Pyth as data providers, adding institutional fixed income pricing to Pyth Pro and the Marketplace.","keywords":"","h1":["Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network"],"h2":["Fenics Market Data","OpenYield","Tradeweb","Why Fixed Income, and Why Now","The Broader Institutional Wave","What Comes Next"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Building Reference Benchmark Indices for the 24/7 Era with MarketVector","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Fenics Market Data, OpenYield, and Tradeweb are joining Pyth as data providers, adding institutional fixed income pricing to Pyth Pro and the Marketplace.","Announcements","Jul 15, 2026","Fixed income sits at the foundation of capital formation, monetary policy transmission, collateral management, and institutional portfolio construction. As firms build new digital workflows and applications, demand is growing for additional ways to access high-quality fixed income data through modern delivery infrastructure.","Responding to this demand, Fenics Market Data, the data distribution arm of BGC Group (Nasdaq: BGC), OpenYield, the automated bond marketplace, and Tradeweb Markets Inc. (Nasdaq: TW), one of the leading electronic marketplaces in fixed income, are joining the Pyth Network as data providers. Together they add institutional fixed income pricing to Pyth Pro and the Pyth Data Marketplace, sourced directly from the institutions closest to price formation and accessible through a single integration. The contributions span three distinct corners of the market: dealer-to-dealer OTC, automated electronic trading, and benchmark closing prices for government bonds, brought into one network built for continuous markets, programmable applications, and modern financial infrastructure.","Fenics Market Data is the exclusive data distribution arm of BGC Group, one of the world's largest interdealer brokers. The business represents data from more than $1 trillion in daily OTC transaction volume across rates, credit, FX, commodities, and energy. By publishing through Pyth, Fenics brings executable pricing from institutional trading activity into the network, making one of the largest pools of dealer-to-dealer fixed income data accessible through a single integration.","\"At Fenics, innovation is in our DNA, and we have always been committed to driving the next generation of finance forward. By contributing our global OTC pricing to the Pyth Network, we're supporting the creation of a more connected, efficient, and data-driven financial system that brings institutional-grade transparency to the digital asset frontier.\" — Rich Winter, President - Market Data and Information Analytics at Fenics","OpenYield operates an automated bond marketplace built to bring equity-like efficiency to fixed income. As an SEC-registered Alternative Trading System, it delivers firm, executable quotes across US Treasuries, corporates, and municipals, rather than the indicative or modeled prices common elsewhere in the market. Its coverage spans the full US Treasury curve, thousands of corporate bonds, and tens of thousands of municipals.","By publishing through Pyth, OpenYield brings real-time, firm Treasury pricing derived from its orderbook into the network, strengthening Pyth's US Treasury coverage alongside Fenics and extending the network deep into corporate and municipal markets that have historically been among the hardest to price in modern software systems.","\"Bond data has always trailed equities - expensive, fragmented, hard to reach. As fixed income goes electronic, OpenYield is closing that gap: equity-like execution, and now equity-like data. We're proud to work with Pyth to put real-time Treasury, corporate, and municipal data in front of a global base of applications and institutions.\"  — Jonathan Birnbaum, Founder & CEO, OpenYield.","Tradeweb operates one of the world's leading electronic marketplaces for fixed income, connecting institutional clients across government bonds, credit, and rates products. Its fixed income pricing, drawn from live electronic trading across its platforms, is now distributed through Pyth.","In addition, Tradeweb is extending the distribution of its licensed Tradeweb FTSE Benchmark Closing Prices to include distribution through Pyth: the benchmark end-of-day closing prices for government bonds, covering UK Gilts, US Treasuries, and European government bonds. These prices are calculated by Tradeweb from executable bid and offer quotes on its electronic platform and administered by FTSE Russell, the registered benchmark administrator. They are the official closing prices used in the FTSE World Government Bond Index and are relied on by institutions for portfolio valuation, trade-at-close execution, and as reference rates for derivative contracts.","Benchmark closing prices are among the most consequential datasets in fixed income. They are the marks institutions value portfolios against at the end of each trading day, the inputs behind one of the world's largest government bond indices, and a foundation for downstream products. Distributing regulated benchmark government bond pricing through Pyth Data Marketplace extends it to the trading systems, risk engines, and financial applications that increasingly run across digital and onchain markets.","\"Benchmark closing prices are central to how institutions value fixed income. Distributing the Tradeweb FTSE Benchmark Closing Prices through Pyth extends regulated, executable government bond pricing to a new generation of trading systems and applications.\" — Michael Zaladonis, Global Head of Data Products and Analytics, Tradeweb.","The $50 billion market data industry has long centered on exchange-traded data. Listed instruments trade in standardized, public order books, and that pricing has been the most widely consumed market data in finance. But exchanges are only one layer of the market.","Fixed income is larger than the equity market in most major economies, and the prices formed in these markets feed directly into how institutions value portfolios, manage risk, and price downstream products. A significant share of trading happens over the counter, where banks and dealers transact bilaterally across rates and credit. Electronic fixed income marketplaces have been capturing massive daily trading volumes and generating key market analytics, which can now be incorporated into programmable workflows through Pyth.","Fenics, OpenYield, and Tradeweb sit at three of the most important points in that flow. Fenics captures executable dealer-to-dealer pricing from real OTC trading activity. OpenYield brings firm, executable quotes across Treasuries, corporates, and municipals from its automated marketplace. Tradeweb captures pricing from electronic execution across its institutional venues, including the regulated benchmark closing prices for government bonds. Bringing all three into Pyth means applications, trading venues, risk systems, and financial firms can reach institutional fixed income pricing through a single integration, helping to enable scalability through onchain infrastructure.","\"Fixed income pricing underpins global financial markets. Making it available through the same infrastructure that already distributes equities, futures, FX, crypto, and commodities is a structural step toward a unified, modern market data standard.\" — Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network","The addition of Fenics, OpenYield, and Tradeweb follows a sustained cascade of institutional publishers joining Pyth. Recent additions include Fidelity Investments, Kalshi, and Euronext FX, expanding the network's coverage across FX, precious metals, ETFs, derivatives, prediction markets, and reference datasets. Together with global exchanges, market makers, trading firms, and now leading fixed income venues, the network spans the full breadth of institutional price formation.","A pattern is forming in how the world's largest institutions choose to distribute market data. The institutions closest to price formation are increasingly publishing through infrastructure built for continuous markets, onchain finance, autonomous financial applications, and real-time risk systems.","The institutions closest to price formation are choosing Pyth. Three leading fixed income data sources today. A growing roster of institutional publishers across every major asset class and geography. And a pipeline of additional institutions across banking, brokerage, and market infrastructure preparing to join.","What began as infrastructure for decentralized markets is becoming a distribution layer for institutional finance. Fixed income is one of the largest layers of global markets and one of the least accessible. Bringing it into the same network that already powers equities, futures, FX, crypto, and commodities is a structural step toward making the price of everything accessible to a broader audience.","The network continues to evolve.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jun 16, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-expands-into-fixed-income-fenics-openyield-and-tradeweb-join-the-network"},"/blog/the-ipo-oracle-how-pyth-became-the-standard-for-same-day-equity-feeds":{"version":1,"title":"The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds - Blog - Pyth Network","description":"Pyth Pro delivered a live $CBRS feed at the Nasdaq opening bell. Third same-day IPO feed in 12 months. CRCL. FIG. Now CBRS. Onto SPCX","keywords":"","h1":["The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h2":["Why same-day IPO feeds are hard","Why Pyth was built for this","The track record","Why exchanges choose Pyth","What this means for the next IPO"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro delivered a live $CBRS feed at the Nasdaq opening bell. Third same-day IPO feed in 12 months. CRCL. FIG. Now CBRS. Onto SPCX","Education","Jun 3, 2026","On May 14, 2026, Cerebras Systems ($CBRS) listed on Nasdaq in the largest pure-play AI hardware IPO of the year, a deal priced at the top of its range after demand ran 20x oversubscribed.","The moment the opening auction printed its first cross, the $CBRS feed was live on Pyth Pro.","Once live, exchanges eager to launch their perpetual markets could do so safely with an institutional-grade and real-time Pyth price feed. To date, the exchanges leveraging the Pyth CBRS feed include Coinbase, Binance, Lighter, Trade[XYZ], Aster, Avantis, and a few others.","This is the third time in the past year Pyth has delivered a same-day feed for a major IPO. Circle ($CRCL) in June 2025. Figma ($FIG) in August 2025. Now Cerebras. The demand for IPO-day feeds is the expectation and major exchanges are looking for a market data provider that can provide one.","Onchain market data has historically scaled around crypto. When a new token launches, exchanges want perp markets live within the hour. Pyth has consistently delivered on that timeline because its publisher network is made up of the trading firms already live on the CEXs and DEXs where those tokens first trade. The data exists from minute one; the infrastructure to surface it onchain is the only question.","Equity IPOs are a harder version of the same problem.","When a company goes public, the price of its stock doesn't exist until the opening auction prints. There's no historical reference. The price is created in real time, simultaneously on the listing exchange and across the venues that license that exchange's data. To deliver a usable feed at the moment of listing, a market data provider has to solve several problems at once:","Access to live order flow, not redistributed data. Legacy oracles that aggregate third-party data don't have direct visibility into IPO trading on day one. Their only route to a same-day feed is to license it from a wholesale data vendor which means waiting for that vendor to stand up the feed first, and then redistributing a single upstream source.","Exchange data agreements. Real-time equity data isn't free or open. Every venue that publishes prices needs licensed access to the listing exchange's market data, and for a same-day feed, those agreements have to be in place weeks before the IPO with the specific ticker pre-configured in the pipeline.","Publisher onboarding. A robust feed is a network of independent publishers, each contributing prices that get aggregated, filtered, and stress-tested for outliers. Every publisher in the network has to be ready to ingest, normalize, and broadcast the new ticker before the first print.","For legacy oracle architectures, this stack is structurally difficult or even impossible to assemble. They don't trade the asset, so they can't price it directly. They redistribute a single upstream vendor, so they can't claim source diversity.","Pyth's architecture solves the cold-start problem by inverting where price data comes from. Pyth aggregates prices directly from the firms that make the market — exchanges, market makers, and trading firms that are the primary source of price discovery on the assets they trade.","The result is that what looks like a same-day launch from the outside is actually the natural output of an architecture where the data sources and the price-discovery venues are the same entities. Pyth didn't ship a feed in hours. Pyth's publishers shipped a feed at the speed they always do — and Pyth was the only place where that work aggregated into a usable onchain price.","IPO","Listing Date","Time to Feed","Coverage","Circle ($CRCL)","June 2025","Same-day, opening bell","Full trading hours, perp markets live across major venues","Figma ($FIG)","August 2025","Cerebras ($CBRS)","May 14, 2026","24/5 coverage, perp markets live across major venues","Cerebras marks an additional step forward. The $CBRS feed is live during Nasdaq's 9:30–4:00 regular session, pre-market, after-hours, and overnight. The full 24/5 window that onchain markets actually trade. The onchain market doesn't observe the Nasdaq trading calendar, and the market data provider powering it can't either.","The strongest signal in this latest IPO-day feed is coming from the exchanges.","For exchanges launching equity perp markets, the constraint is the feed. Without a live price feed on listing day, there's no perp to launch.","Pyth has been the answer for TradeXYZ, Binance, Coinbase, Lighter, Avantis, and many others. Each of them can launch a secure IPO perp market on day one because the feed is available through Pyth Pro. The same pattern held for CRCL, FIG, and CBRS: exchanges came to Pyth ahead of the listing, and the feed was live when they needed it.","When a stock IPOs, traders want exposure immediately and will go to the exchanges that offers this perp market. Pyth is the infrastructure that lets exchanges meet that demand on day one.","The 2026 IPO calendar is the most active in years, with several names lined up that will compete with Cerebras in terms of scale and market attention. The onchain perp markets that launch alongside those listings will be the largest equity perp markets ever traded onchain and the oracles powering them will be operating under the heaviest scrutiny the category has ever seen.","Pyth has spent twelve months proving that same-day feeds aren't a one-time event. They're a capability that legacy oracles don’t have, and that onchain market data providers built on aggregating secondary sources structurally can't match.","The next major IPO? SPCX from SpaceX on June 12. And Pyth Pro users will be able to launch SPCX markets with the Pyth feed on day one.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-ipo-oracle-how-pyth-became-the-standard-for-same-day-equity-feeds"},"/blog/coinbase-launches-thematic-basket-indices-built-by-pyth-and-marketvector":{"version":1,"title":"Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector - Blog - Pyth Network","description":"Coinbase Markets launches four thematic basket indices, built through Pyth and MarketVector and priced around the clock.","keywords":"","h1":["Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h2":["The Four Indices","How They're Built","The Template for What's Next"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Coinbase Markets launches four thematic basket indices, built through Pyth and MarketVector and priced around the clock.","Announcements","Jun 15, 2026","Coinbase Markets launches four thematic basket indices built through the Pyth and MarketVector partnership: AI10, Defense10, China10, and Tech100. Each gives traders exposure to a defining market theme priced continuously.","AI10: Exposure to the leading public companies in artificial intelligence","Defense10: Concentrated exposure to defense and aerospace","China10: Targeted exposure to Chinese equities","Tech100: Broad exposure to the U.S. tech sector","Each index gives Coinbase traders a way to express a view on a theme rather than a single name, through products built for a regulated platform and priced around the clock.","These are the first multi-asset baskets in the Pyth Indices suite. Pyth's single-asset indices, including oil, U.S. equities, and metals, are built in-house on Pyth's first-party data. Thematic baskets on a regulated platform require more.","MarketVector, a VanEck company and a regulated benchmark administrator with over $100 billion in assets tracking its indices, provides the index methodology and governance. Pyth provides the underlying data and continuous 24/7 pricing. Coinbase provides the venue and the audience.","Each partner contributes what it does best, combining into a complete index offering.","The Coinbase launch is the first product from the Pyth × MarketVector framework, and it sets the pattern. Any exchange, platform, or issuer can now build branded or thematic basket indices the same way. The partner brings the theme or strategy. Pyth and MarketVector handle the methodology, calculation infrastructure, ongoing administration, and continuous data sourcing. From concept to live in weeks.","For partners interested in building their own indices through the Pyth × MarketVector framework, get in touch here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/coinbase-launches-thematic-basket-indices-built-by-pyth-and-marketvector"},"/blog/building-reference-benchmark-indices-for-the-24-7-era-with-marketvector":{"version":1,"title":"Building Reference Benchmark Indices for the 24/7 Era with MarketVector - Blog - Pyth Network","description":"Pyth and MarketVector launch a framework for institutional-grade basket indices in the 24/7 era. First four live today on Coinbase Derivatives.","keywords":"","h1":["Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h2":["Two Capabilities, One Framework","What MarketVector Brings","What the Partnership Enables","Coinbase Derivatives: The First Products","Build Your Own"],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth and MarketVector launch a framework for institutional-grade basket indices in the 24/7 era. First four live today on Coinbase Derivatives.","Announcements","Jun 16, 2026","Pyth Network and MarketVector Indexes have entered into a strategic partnership to deliver institutional-grade basket indices, administered as benchmarks by MarketVector, for the 24/7 markets era.","The partnership combines two complementary capabilities. Pyth contributes the underlying data, real-time pricing infrastructure, and continuous 24/7 sourcing across asset classes. MarketVector, a VanEck company and a regulated benchmark administrator with over $100 billion in assets tracking its indices, contributes index design, BMR and IOSCO-compliant methodology governance, calculation, administration, and TradFi distribution.","The first products are live today. Coinbase Derivatives launches four basket indices co-developed by Pyth and MarketVector: AI10, Defense10, China10, and Tech100.","Pyth has built continuous pricing infrastructure across crypto, equities, metals, FX, and commodities. Single-asset and single-name indices are constructed in-house: oil, U.S. equities, gold, silver. Each is built on Pyth's first-party institutional data.","For many institutional products, data infrastructure alone is not enough. Multi-asset basket indices used by CFTC-registered exchanges, ETF issuers, and institutional asset managers often rely on established benchmark administration, methodology governance, and calculation oversight. Depending on the product and jurisdiction, benchmark methodologies may also need to align with frameworks such as the EU Benchmarks Regulation and IOSCO Principles. They also require index identifiers, calculation oversight, and distribution through TradFi data terminals.","That's not Pyth's role. It's MarketVector's.","MarketVector Indexes is one of the most active index providers in digital assets and thematic strategies, with assets tracking its indices surpassing $100 billion. The capabilities they bring to the partnership include:","BMR and IOSCO-compliant methodology governance","Index administration including identifiers, calculation, and TradFi data dissemination (Bloomberg, FactSet, others)","Hundreds of off-the-shelf indices available for white-label or light customization","Regulatory and benchmark-administration infrastructure used by CFTC-registered platforms, ETF issuers, and regulated funds.","Fast turnaround: most thematic equity baskets go from concept to live in roughly four weeks","The combination creates a class of products neither party could build alone:","Continuous 24/7 basket indices built to institutional methodology and governance standards","White-label branded indices for major exchanges, designed and launched in weeks","Multi-asset reference benchmarks suitable for derivatives, ETFs, and structured products","For exchanges and users, the proposition is straightforward. Bring the strategy, theme, or product idea. Pyth and MarketVector deliver the index, the data, the governance, and the infrastructure to launch it.","Coinbase Derivatives launches four basket indices today:","AI10: Exposure to the leading public companies in artificial intelligence","Defense10: Concentrated exposure to defense and aerospace","China10: Targeted exposure to Chinese equities","Tech100: Broad exposure to the U.S. tech sector","These are benchmark indices administered by MarketVector, designed for derivative products on a CFTC-registered exchange. The methodology, governance, and administration are MarketVector. The underlying data and continuous pricing infrastructure are Pyth. The combination is what makes the products possible.","This framework is open to any exchange, platform, or issuer that wants to launch branded or custom-built basket indices. Custom and branded indices are available across thematic, multi-asset, and trending categories. Examples include thematic equity baskets, cross-asset compositions, semis and AI exposure, healthcare, prediction market reference baskets, and synthetic index strategies.","The partner contributes the strategy or thesis. MarketVector handles methodology design, calculation, and ongoing administration. Pyth handles continuous 24/7 data sourcing.","For institutional buyers, exchange partners, and issuers interested in working with the Pyth × MarketVector framework, get in touch here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/building-reference-benchmark-indices-for-the-24-7-era-with-marketvector"},"/blog/the-best-business-in-finance-nobody-can-enter":{"version":1,"title":"The Best Business in Finance Nobody Can Enter - Blog - Pyth Network","description":"Index licensing is one of the highest-margin businesses in finance. Five firms control 95% of it. Here's what it takes to build one now.","keywords":"","h1":["The Best Business in Finance Nobody Can Enter"],"h2":["What an index actually is","Where the money comes from","Why almost nobody can build one","The demand the incumbents were not built for","What it takes to build in this space"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Index licensing is one of the highest-margin businesses in finance. Five firms control 95% of it. Here's what it takes to build one now.","News","Jul 20, 2026","Most people picture an index as a number on a screen. The S&P 500 up half a percent, the Nasdaq down a point. Behind that number sits one of the most profitable business models in finance, and for most of its history only a handful of companies have dominated the market.","An index is a rules-based measure of a market or a defined set of assets. It can track a basket of assets or a single one, but the core idea is the same: a defined methodology produces a number, that number is maintained, and product issuers license the rights to create products based on it, such as ETFs and futures.","The crucial part is what the index provider does not do. It does not trade, take positions, or run the products built on the index. Someone else launches the ETF, the futures contract, or the perpetual. The provider maintains the number and earns licensing fees for the right to reference it.","Start with a single fund. State Street charges investors 9 basis points a year to hold SPY, its S&P 500 ETF. Three of those basis points go to S&P Dow Jones for the right to track the index, plus a flat $600,000 a year. A third of the fee an SPY investor pays goes to the firm that maintains the number. SPY held $648 billion at the end of March, which puts that licensing bill at roughly $195 million a year, from one fund.","Scaled across a whole book of licensees, the economics look like this. S&P Global's Indices division generated $1.85 billion in revenue in 2025, up 14%, on segment operating profit of $1.27 billion. That is a 69% operating margin. MSCI's Index segment generated $1.79 billion at a 76.4% adjusted EBITDA margin.","The more interesting number is inside MSCI's index revenue. Of that $1.79 billion, $770.7 million came from asset-based fees rather than flat subscriptions. Those fees grew 17.2% last year. Subscription revenue grew 8.6%. Assets in ETFs linked to MSCI equity indexes stood at $2.34 trillion at the end of 2025.","Based on the example of MSCI’s Index business, 43% of the revenue does not grow when the provider sells harder. It grows when the markets built on top of the index grow. The provider's revenue curve is bent by other people's success.","Five index providers, S&P Dow Jones, CRSP, FTSE Russell, MSCI, and Nasdaq, account for roughly 95% of assets in the US equity ETF market. S&P Dow Jones alone accounts for more than half. And two things stand between a would-be entrant and that market.","Data. To build an index you need high-quality underlying prices and the rights to use them. Historically that data has been gated, expensive, and slow to access. A would-be index builder licenses it from exchanges and vendors at significant cost. Continuous indices raise the bar further. To maintain an index that prices around the clock, you need continuous data across asset classes, including the hours when traditional venues are closed.","Distribution. An index nobody references is worthless. Revenue arrives only when an exchange, an issuer, or an application decides to build a product on top of it.","A new set of venues now needs indices the established providers were never structured to supply.","Exchanges, prediction markets, and onchain applications trade equities, commodities, and FX around the clock. They need a price that holds continuously, on assets that were never priced that way. They also move quickly, launching new markets on a timeline measured in weeks, and want indices built and maintained to match.","The legacy model was not designed for either. Its data is more limited when the exchanges close, so a continuous price is not something it can produce. And the commercial process around it is slow and expensive by construction.","Serving that demand is a different business than the one the incumbents are in. A provider built for continuous, cross-asset indices needs two things the legacy model does not have.","The data, and the new places prices are made. The first-party requirement is unchanged: prices sourced where they are set, not licensed secondhand. What has changed is where that happens. Markets referencing traditional assets now trade around the clock, on leading onchain venues and on centralized exchanges carrying real volume long after the underlying markets close. A modern provider has to reach both.","A methodology that spans the whole day. Price formation for a US equity occurs on traditional venues during regular trading hours and then on venues that continue trading overnight and through the weekend. An index that maintains a continuous price has to incorporate different sources of price formation as trading activity shifts between venues, maintaining a real-time price overnight and through the weekend. The result is an around-the-clock price for 24/5 equities and intermittently traded commodities.","Pyth Indices are live today across equities, metals, commodities, and FX, built on first-party data from the venues where these assets trade at every hour. The set is growing.","Explore Pyth Indices and reach the team here.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-best-business-in-finance-nobody-can-enter"},"/blog/building-the-modern-index-provider":{"version":1,"title":"Building The Modern Index Provider - Blog - Pyth Network","description":"Equities and commodities stop pricing when their home markets close. Pyth Indices hold a price on them through nights and weekends.","keywords":"","h1":["Building The Modern Index Provider"],"h2":["The one thing a legacy index provider can't do","One index, many venues","Toward a market that never closes"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Equities and commodities stop pricing when their home markets close. Pyth Indices hold a price on them through nights and weekends.","Education","Jul 23, 2026","Maintaining index prices is one of the strongest businesses in finance. An index provider defines a methodology, keeps a price updated (on a set time interval), and licenses venues the right to use it. Behind this structure, the economics are strong. S&P's index division runs at a 69% operating margin on $1.85 billion in revenue. Five firms control most of the market.","That concentration comes down to one thing. Building an index requires high-quality data and the rights to use it, and that data has been gated and expensive. The firms that could get to it built the business. Many stayed out.","Yet there is a clear opening for a modern index provider in the current landscape: one built for markets that never close, on data built for the way markets trade now.","An index provider built for the current market needs a capability the legacy model does not have: a continuous price for a single asset, sourced across venues.","More than 125 trading firms, exchanges, and market makers publish prices directly to Pyth across equities, metals, FX, and commodities. The network goes where price discovery happens: on traditional venues during market hours, and on the onchain and offchain venues where these markets referencing these assets trade outside regular hours. Accessing both is what lets a Pyth index hold a price on a single ticker around the clock, on an asset that was never continuously priced before.","Every asset that trades part-time in traditional markets and part-time on alternative venues (onchain) is a candidate: oil, gold, silver, ETFs, and a widening roster of US equities today. Each is a standalone index with its own published methodology which holds a continuous price on an asset that never had one before. The construction is the same in each case. An index reads the first-party prices published to Pyth for that asset, across every venue where it trades.","Take SPCX. During the day its price comes from the US exchanges where it trades, anchored by its listing venue, Nasdaq. In the pre-market and after-hours sessions it comes from the venues running extended trading. And when all of those are closed (weekends), it comes from the onchain and offchain venues where markets referencing SPCX still trades. The methodology combines prices from every venue carrying meaningful volume in each asset, so no single one drives the aggregated price.","The single-name US equity index or the Pyth Gold index are small pieces of a larger shift. Trading is moving toward continuous markets, on every asset, everywhere. Perpetual exchanges, prediction markets, and modern financial applications must operate around the clock for their increasingly demanding and global userbase. Users do not think in market hours. They expect to trade an equity on a Sunday night the same way they trade a token, from anywhere in the world, and these applications are built to give them that: access to every asset, on their own schedule, without the gatekeeping of the traditional financial system.","That ambition runs straight into the old pricing infrastructure model. The assets users want, equities, metals, commodities, FX, are the ones where pricing becomes limited when their home markets close. An application can build the interface, the liquidity, and the global distribution, and still be stopped by the one thing it cannot manufacture: a reliable price for the asset outside market hours.","That is the gap a modern index provider fills by pricing the assets and the hours they were never built to reach. A continuous price for every asset, held accurately no matter which venue carries the volume at a given moment, is what lets these applications deliver on what they promise their users.","Get access to Pyth’s growing library of 24/ Indices here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/building-the-modern-index-provider"},"/blog/the-largest-chip-listing-in-chinese-history-now-live-on-pyth-pro":{"version":1,"title":"The Largest Chip Listing in Chinese History, Now Live on Pyth Pro - Blog - Pyth Network","description":"Pyth is the first global data provider to price CXMT, delivering real-time data from the opening trade of the largest chip listing in China's history.","keywords":"","h1":["The Largest Chip Listing in Chinese History, Now Live on Pyth Pro"],"h2":[],"h3":["The hardest tick to price is the first one","From pre-IPO expectation to listed price","The Asian expansion continues"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth is the first global data provider to price CXMT, delivering real-time data from the opening trade of the largest chip listing in China's history.","Announcements","Jul 27, 2026","ChangXin Memory Technologies (CXMT) is China's largest maker of DRAM, the memory that sits in every server, phone, and PC. Its debut on Shanghai's STAR Market is the largest chip listing in Chinese market history and Asia's largest IPO of 2026.","The company priced at 8.66 yuan per share, raising up to 66.6 billion yuan (about $9.8 billion) with the over-allotment, roughly double its original target, and valuing CXMT near $85 billion at the offer price. It is the biggest chip listing mainland China has ever seen, passing the record SMIC set on the STAR Market in 2020. By total size it is the second-largest listing in China's history, behind only Agricultural Bank of China's 2010 offering. Demand matched the scale: the retail tranche was oversubscribed 212 times, drawing 9.4 million individual orders.","Every platform that wants to launch a market for such a listing needs one thing: a price.","A newly listed stock has no trading history, and prices can move sharply in the opening minutes. Any platform opening a market at the debut needs a feed it can trust from the first trade, not one that catches up an hour later.","Pyth delivered real-time CXMT data from the opening print, the first global data provider to price the symbol, giving exchanges, perpetual platforms, and prediction markets the pricing inputs to stand up a market on day one. CXMT is Pyth's first day-one feed for a mainland Chinese IPO, following day-one coverage of US listings including CRCL, FIG, CBRS, and SPCX.","Mainland Chinese equity data has historically been among the hardest to reach. Access has run through regional brokerage relationships, licensing regimes, and vendor contracts priced market by market, keeping real-time mainland pricing out of reach for most platforms operating outside China. Pyth sources CXMT directly from the firms trading it in Shanghai and publishes it, from the first tick.","TradeXYZ has become the venue traders turn to for assets that have historically traded during traditional market hours. Built on Hyperliquid's HIP-3, it opened permissionless perpetual markets across global equities, commodities, and macro assets, and now drives the majority of HIP-3 activity, part of an ecosystem that has processed more than $430 billion in cumulative volume priced by Pyth. Its off-hours prices have drawn attention from traditional trading desks.","That track record extends to listings before they happen. Ahead of the debut, TradeXYZ ran a CXMT pre-IPO market giving traders a live read on the deal through the subscription window. During that window the contract traded far above the offer price, reaching levels that implied a valuation of roughly $500 billion against the offer's $85 billion.","Once CXMT began trading in Shanghai, that market gained a real underlying to price against, and TradeXYZ integrated Pyth as an external pricing source for its market.","“The hardest price to establish is the first one – a newly listed stock has no trading history, and launching a market of this scale at debut requires a trusted price feed,” said Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network. “Together with TradeXYZ and Hyperliquid, we are delivering a seamless venue to trade CXMT from its debut and demonstrating the capabilities of Pyth's price layer for always-on global markets.”","CXMT is the newest addition to a Pyth Pro equity catalog that has moved quickly across Asia. Hong Kong equities went live earlier this year now spanning close to 100 listed stocks. Mainland Chinese and South Korean equities just followed, including Cambricon Technologies, GigaDevice Semiconductor, and SK Hynix. Japanese equities are on the roadmap.","Each of these arrives through the same integration already delivering US equities, FX, commodities, fixed income, and crypto. Perpetual exchanges can launch Asia equity markets priced alongside crypto and US equities on the same stack. Prediction markets can build event contracts on Asian technology earnings and index movements.","CXMT is live on Pyth Pro today. Existing Equities and All Access subscribers can use the feed immediately. Teams looking to integrate can start at the Pyth Terminal.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 15, 2026","Jun 16, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/the-largest-chip-listing-in-chinese-history-now-live-on-pyth-pro"},"/blog/pyth-s-asian-equities-expansion-hong-kong-china-south-korea-and-japan-now-live":{"version":1,"title":"Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live - Blog - Pyth Network","description":"Pyth Pro now covers Asian equities across Hong Kong, mainland China, South Korea, and Japan. 100+ feeds live today, expanding toward 450+.","keywords":"","h1":["Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live"],"h2":[],"h3":["The markets","Proven on day one: CXMT","What this supports","Getting access"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro now covers Asian equities across Hong Kong, mainland China, South Korea, and Japan. 100+ feeds live today, expanding toward 450+.","Announcements","Jul 30, 2026","Pyth Pro now covers the companies that define Asia's economy. Equities are live across Hong Kong, mainland China, South Korea, and Japan, from the chipmakers driving the AI cycle to the automakers, banks, and consumer names that anchor the region's markets. More than 100 feeds are available today, expanding toward 450+ as coverage comes online.","It arrives as a brand new package, through the same integration already delivering US equities, 24/7 indices, FX, commodities, fixed income, and crypto. One contract, one format, every market.","South Korea. SK Hynix and Samsung Electronics, the two names at the center of the AI memory cycle, alongside NAVER, Kakao, LG Energy Solution, Krafton, and Hyundai. A real-time read on memory demand and the Korean market's biggest movers.","Japan. Toyota, Sony, Nintendo, SoftBank, and the semiconductor-equipment names at the heart of the global chip supply chain, Tokyo Electron, Advantest, and Keyence. Alongside them, Hitachi, Panasonic, Denso, MUFG, and Fast Retailing. Some of the most recognized and heavily traded companies in the world.","Mainland China. Cambricon, GigaDevice, Montage Technology, and CXMT, whose record STAR Market debut on July 27 was priced on Pyth from the very first tick. Core names in China's domestic chip industry, from AI accelerators to memory to foundry capacity.","Hong Kong. Over 100 listings, including Tencent, BYD, the ChinaAMC CSI300 ETF, and the FTSE China A50 ETF. The gateway to Chinese equity exposure for the global investor base.","India is on the near-term roadmap, with coverage across the region continuing to expand.","The clearest demonstration of what this coverage makes possible arrived with the largest chip listing in Chinese history.","When ChangXin Memory Technologies debuted on Shanghai's STAR Market, Pyth delivered a real-time CXMT price from the opening print. TradeXYZ, the largest deployer on Hyperliquid's HIP-3, integrated the feed as an external pricing source during regular market hours, running a live market on the stock from its first session.","Mainland Chinese equity data has been among the hardest to reach anywhere in the world, gated by regional brokerage relationships, licensing, and contracts priced market by market. Pyth sources it directly from the firms trading these names and publishes it openly. That is the model behind every feed in the package.","For exchanges and applications, Asian equity feeds arrive through the same integration already delivering US equities, FX, commodities, fixed income, and crypto. A few of the use cases:","Perpetual exchanges running Asia equity markets priced alongside crypto and US equities on the same stack","Prediction markets building event contracts on Asian technology earnings, memory-cycle milestones, and index movements","Tokenized portfolio products referencing Asian constituents with real-time pricing during market hours","Trading firms and fintech platforms adding Asia equity data without standing up a separate regional vendor relationship","The cost and integration profile is the same across the catalog. No separate license per region, no separate contract per asset class.","Each feed prices during its local market session, in Hong Kong, Shanghai, Seoul, and Tokyo hours respectively. Feeds are sourced from publishers active in these markets and aggregated through Pyth's existing infrastructure with real-time delivery.","Asian equities are available now on Pyth Pro with the Asian Equities package. Existing Pro subscribers can integrate them immediately. Platforms and applications looking to integrate can get access via the Pyth Terminal.","Coverage keeps expanding, with broader coverage across all four markets and India coming online in the weeks ahead.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-s-asian-equities-expansion-hong-kong-china-south-korea-and-japan-now-live"},"/blog/pyth-pro-july-2026-report":{"version":1,"title":"Pyth Pro: July 2026 Report - Blog - Pyth Network","description":"Pyth Pro ARR reached $7.49M in July, up 22% month over month. 51 users converted to paid, and the catalog grew to 3,501 feeds.","keywords":"","h1":["Pyth Pro: July 2026 Report"],"h2":["July by the numbers","Coverage expanded where it matters","Explore it"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro ARR reached $7.49M in July, up 22% month over month. 51 users converted to paid, and the catalog grew to 3,501 feeds.","News","Aug 5, 2026","Faster than June on nearly every metric that matters.","July continued the momentum from Q2. Usage, customer acquisition, and coverage all moved in the same direction, and the pace picked up from June.","The Q2 review showed the commercial engines built and generating recurring revenue. July's monthly data shows that motion accelerating: more users evaluating Pyth Pro through the Terminal, more conversion through the self-serve funnel, more subscriptions created, and continued expansion of the catalog across asset classes.","Growth showed up across the funnel, from first visit to paid conversion (figures are month-to-date):","Figures above as per the last report from Douro Labs.","Terminal monthly active users reached 16,254 month to date (up from 4,610 in June).","Feed views reached 55,000, up from 40,000 in June.","1,041 new trials were started in July, up from 835 in June.","51 users converted to a paid plan, adding over $1.5M in new subscription ARR in July.","Paying accounts across Pyth Pro and Indices reached 122, spanning subscriptions, index products, and deployments.","The Pyth Pro catalog expanded from 3,391 feeds at the end of June to 3,501 feeds by July 29.","Equity coverage expanded from 1,826 feeds to 1,901 feeds, with 75 net new equity feeds added in July.","According to Douro Labs’ latest report, Pyth Pro ARR reached a record $7.49M in July, up 22% month-over-month and crossing the $7M ARR milestone for the first time.","The through-line is that higher-intent actions grew alongside raw traffic. More people arrived in Terminal, and more of them moved deeper into the funnel: exploring feeds, starting checkouts, generating API keys, and converting to paid.","This is what Terminal was built to do. Legacy market data sales run through procurement, custom negotiation, and manual onboarding. Terminal turns part of that into software, so a user can discover feeds, evaluate coverage, choose a plan, and generate an API key without waiting on a sales cycle. It does not replace enterprise sales. It makes the top of the funnel scale.","Coverage grew across several asset classes in July, with the additions concentrated where they extend what exchanges and applications can build.","Equity coverage led, reaching 1,901 feeds with 75 net new equity feeds added in July, spanning US equities, ETFs, Brazilian equity exposure, and 24/7 index coverage. The month also brought an Asian equities package, adding pricing data for equities listed in Hong Kong, mainland China, South Korea, and Japan, through the same single integration that already delivers US equities, FX, commodities, fixed income, indices, and crypto. Stable, live feeds grew from 1,493 to 1,619 over the month.","Coverage is not a vanity metric. In market data, coverage is distribution power. Every feed added increases the chance that a user can solve more of their data problem through one connection rather than stitching together several vendors. For an exchange, broader coverage means faster listing and product creation. For an application pricing real-world assets, it means more of what it needs from a single source.","That is the difference between a narrow feed and a market data layer, and it is the direction Pyth Pro kept moving in July.","The catalog keeps expanding and the funnel keeps converting. For teams building cross-asset, around-the-clock markets, the starting point is the same: explore the catalog in Terminal, generate an API key, and connect to real-time data across every asset class Pyth covers.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pro-july-2026-report"},"/blog/openyield-joins-pyth-bringing-firm-bond-pricing-to-the-network":{"version":1,"title":"OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network - Blog - Pyth Network","description":"OpenYield joins Pyth as a data publisher, bringing real-time, firm US Treasury pricing from its automated bond marketplace to the network.","keywords":"","h1":["OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network"],"h2":["The Automated Bond Marketplace","Equity-Like Execution, Equity-Like Data","A Distribution Layer for Institutional Data","What Comes Next"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","OpenYield joins Pyth as a data publisher, bringing real-time, firm US Treasury pricing from its automated bond marketplace to the network.","Data Providers","Jul 24, 2026","Bond data has historically been expensive, fragmented, and hard to reach. Much of it is indicative or modeled, sourced from fragmented venues, and locked behind legacy vendor infrastructure. Even as other asset classes moved to fast, automated, electronic trading, much of fixed income has stayed manual and relationship-driven, and the data has stayed just as hard to reach.","OpenYield takes a different approach. The automated bond marketplace is joining the Pyth Network as a data publisher, bringing real-time, firm US Treasury pricing derived from its orderbook to Pyth Pro, with room to extend across the broader fixed income markets OpenYield covers. It adds a modern, execution-quality source of bond data to the network, available through a single integration, and strengthens Pyth's coverage of one of the most important markets in global finance.","OpenYield operates an automated bond marketplace built to bring equity-like efficiency to fixed income. As an SEC-registered Alternative Trading System, it delivers firm, executable quotes across US Treasuries, corporates, and municipals, rather than the indicative or modeled prices common elsewhere in the market. Its coverage spans the full US Treasury curve, thousands of corporate bonds, and tens of thousands of municipals.","By rebuilding bond trading around firm quotes, an orderbook, and a modern technology stack, OpenYield brings the structure of mature electronic markets to an asset class that has resisted it. The result is pricing drawn directly from a live marketplace, at the point where bonds actually change hands.","The quality of bond data depends on where it comes from. Much of the pricing available across fixed income is indicative, modeled from related instruments, or quoted without a commitment to trade. Firm, executable pricing is different. It reflects prices a participant is willing to transact on, in real time, which makes it a far stronger input for valuation, risk, and the products built on top.","For US Treasuries, the foundation of global rates and collateral, that distinction is especially valuable. Real-time firm pricing derived from OpenYield's orderbook strengthens Pyth's US Treasury coverage and gives downstream systems a cleaner, more accurate view of the most consequential market in fixed income. The same model extends deeper into corporate and municipal markets, which have historically been among the hardest to price in modern software systems.","Publishing through Pyth puts that data within reach of the trading systems, risk engines, RWA platforms, and financial applications that increasingly run across digital and onchain markets.","\"Bond data has always trailed equities - expensive, fragmented, hard to reach. As fixed income goes electronic, OpenYield is closing that gap: equity-like execution, and now equity-like data. We're proud to work with Pyth to put real-time Treasury, corporate, and municipal data in front of a global base of applications and institutions.\" — Jonathan Birnbaum, Founder & CEO, OpenYield","OpenYield joins a growing roster of institutions publishing market data directly through Pyth. The network already sources prices from leading exchanges, trading firms, banks, and market makers across equities, futures, FX, crypto, and commodities, and fixed income extends that coverage into one of the largest asset classes in the world.","The pattern is consistent. The institutions closest to price formation are choosing to publish through infrastructure built for continuous markets, programmable applications, and real-time risk systems, rather than the closed terminals and bilateral redistribution that defined the previous era of market data. OpenYield's firm, marketplace-sourced bond pricing is a strong addition to that model.","\"Fixed income pricing underpins global financial markets. Bringing firm, executable bond pricing into the same network that already distributes equities, futures, FX, crypto, and commodities is a structural step toward a unified, modern market data standard.\" — Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network","OpenYield's data is available through Pyth Pro, one more institutional source extending Pyth's reach across fixed income, and one more sign of how market data is moving from the institutions that create it to the software systems that increasingly run markets.","The network continues to evolve.","Blog","Aug 20, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/openyield-joins-pyth-bringing-firm-bond-pricing-to-the-network"},"/blog/memory-took-the-market-—-rwa-perp-report-(july-2026)":{"version":1,"title":"Memory Took the Market — RWA Perp Report (July 2026) - Blog - Pyth Network","description":"RWA perp volume hit a record $708.3B in July, up 69.6% from June. Memory chips drove 81% of the increase — SanDisk, Micron, SK Hynix and SOXL.","keywords":"","h1":["Memory Took the Market — RWA Perp Report (July 2026)"],"h2":["Most traded assets of the month","Asset class ranking","Venue ranking","Volume priced per market data provider","Moment of the month: CXMT and the pre-IPO perp","Methodology and sources"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","RWA perp volume hit a record $708.3B in July, up 69.6% from June. Memory chips drove 81% of the increase — SanDisk, Micron, SK Hynix and SOXL.","News","Aug 6, 2026","July was the biggest month on record for RWA perps. Volume reached $708.3B, up 69.6% from $417.6B in June, and most of the increase came from four symbols. In June this market was led by gold, silver and SpaceX. In July it was memory chips.","Four of the five are the same bet. SanDisk, Micron and SK Hynix all make memory chips, and SOXL provides 3x daily leveraged exposure to a broad semiconductor index. Between them those four symbols accounted for roughly 81% of the entire market's increase.","Behind that is a memory market in short supply. AI data centres now absorb around 70% of the world's memory chip output, and prices have gone vertical: memory that goes into an ordinary laptop is up nearly 700% over the past year, and SK Hynix's CEO said in July the shortage will probably last beyond 2030. Two listings landed in the middle of it.","SK Hynix’s ADRs began trading on Nasdaq on 10 July following a $26.51B offering, the largest first-time share sale by a foreign company on record. CXMT listed in Shanghai on July 27 and took the whole sector down with it. SanDisk fell nearly 37% over four trading days and then rallied 21.5% in a single morning on July 30. This is the kind of price action and volatility that perp markets thrive on.","Outside of memory, gold stayed the course with a relatively small growth from the previous month (14.6%) just enough to keep a spot inside the top 5. On the losers' side, two assets got ousted from the top 5. SpaceX fell from first to seventh, and silver fell from fourth to eighth. SpaceX’s June volume coincided with its June 12 IPO, which ultimately raised $85.7B, the largest listing in history, and July was the month after.","Equity volume more than doubled through three tickers. SanDisk, SK Hynix and Micron added $215.4B of the class's $247B increase.","Commodities grew 15%, from $129.2B to $148.1B, but lost ground because the market around grew five times faster. Gold, oil and silver made up 91% of the class.","Binance and Hyperliquid ran the month. Between them they handled 70% of RWA perp volume, with Binance alone above 54% and Hyperliquid holding second at $110.7B. The two sit at opposite ends of the category: Binance is where the memory trade found scale, its own top five matching the category leaderboard in the same order, while Hyperliquid is where new assets tend to arrive first. CXMT listed there thirteen days before its shares existed.","OKX took third at $100.7B after doubling its volume, the largest share gain of any major venue. Below that the drop is steep, with Bitget at $43.7B and Bybit at $24.8B.","Growth was widespread rather than concentrated. Every venue in the top five grew, and Hyperliquid and Bitget lost share only by growing slower than the rest. Another interesting movement was further down: volume outside the top five nearly doubled, and the number of venues clearing 1% went from five to seven. Both new entrants, GM Trade and Variational, are commodity books, which is where the metals volume that left the leaderboard ended up.","Pyth priced 95.2% of July volume, and its share was highest where the growth was: 99.4% on SOXL and 99.3% on SanDisk. Gold sits at the other end at 87.6%, with four other providers carrying measurable volume.","CXMT traded as a perp for thirteen days before its shares began trading publicly.","ChangXin Memory Technologies, China's leading DRAM maker, came to market during a year of intense memory demand. Its Shanghai debut closed up 465.8%, giving it a market capitalisation above ¥3.2 trillion and making it the most valuable company listed on a mainland Chinese exchange. Single-day turnover passed ¥140 billion, the first A-share stock ever to do so.","The dashboard records CXMT entering the perp universe in stages:","Date","Venue","July 15","Hyperliquid","July 16","Lighter","July 26","Aster","July 27","Bybit","CXMT generated approximately $737.3M of tracked perp volume, with $709.0M of that on Hyperliquid (96% of the total). Volume accelerated around the debut, reaching approximately $107.8M on July 26 and $248.9M on July 27.","Before the listing, the perp was a market for expectations about a company whose public shares did not yet exist. After the listing, traders had an external cash equity price to converge toward, with Pyth providing that pricing data from the opening trade. The contract moved from pure price discovery toward the familiar problems of tracking, funding, basis and access.","The July 30 funding snapshot showed how much work that convergence still had left. CXMT funding was positive on Hyperliquid at 109.95% APR and negative on Bybit at −434.89% APR, a cross-venue spread of 544.84 percentage points. Seven-day averages were negative on both Hyperliquid and Aster.","The listing did not stay contained to one market. CXMT's debut triggered a global memory sell-off, and a SanDisk's four-day drawdown, which is where a good share of July's record volume came from.","All volume, listing and provider figures are drawn from Refraction Research and the RWA Markets dashboard, built by @zinnresearch.","Volume is notional traded volume across tracked perpetual venues.","Volume priced per market data provider attributes each venue-symbol pair to its stated pricing source, weighted by volume. Pairs without a confirmed source are recorded as unverified.","Funding rates are point-in-time snapshots taken July 30 and annualized. Cash equity figures for CXMT, SK Hynix and SpaceX are from public reporting, linked inline.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/memory-took-the-market-—-rwa-perp-report-(july-2026)"},"/blog/ipos-are-becoming-market-processes":{"version":1,"title":"IPOs Are Becoming Market Processes - Blog - Pyth Network","description":"Price discovery starts before listing day and continues across venues after it. What that means for market data, from pre-IPO markets to the opening print.","keywords":"","h1":["IPOs Are Becoming Market Processes"],"h2":["Public markets are reopening, selectively","The offer price is only one reference point","CXMT made disagreement visible before the listing","The first public trade is becoming an infrastructure event","IPO markets are becoming continuous","The asset behind the price matters","From IPO coverage to market infrastructure"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","Building The Modern Index Provider","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Price discovery starts before listing day and continues across venues after it. What that means for market data, from pre-IPO markets to the opening print.","Education","Aug 13, 2026","How Price Discovery Moves Before and Beyond the Listing**","For years, an IPO felt like a single moment on the financial calendar: a company “went public,” a price printed, and trading began.","That picture is getting outdated. More and more, price discovery starts well before listing day, through private funding rounds, secondary transactions, employee liquidity programs, and even live pre-IPO markets. Then the process continues after the ticker starts trading, as liquidity spreads across venues and products that operate well beyond one exchange’s hours.","In other words: the IPO is turning into a market process.","Listings are returning, but the market’s attention is narrow. Investors are concentrating demand in companies with scale, strong growth profiles, and exposure to long term themes like AI, digital infrastructure, and advanced manufacturing.","According to FTI Consulting’s Q2 2026 IPO & SPAC Market Update, the United States recorded 95 IPOs in Q2, raising approximately $125 billion. Globally, 331 IPOs raised approximately $154 billion, with global deal value increasing 340% year over year.","Those headline figures were strongly shaped by SpaceX’s approximately $86 billion offering. That outlier pushed quarterly issuance statistics sharply higher. It also made the underlying message clearer: investor demand is there, and it’s flowing toward large companies with credible growth narratives and a clear role in structural technology markets.","The mix of listing routes is shifting too. SPAC formations represented 54% of U.S. IPO activity in the second quarter, down from 68% in the first quarter. Traditional IPOs are regaining share as confidence improves.","So yes, the market is open. Selectivity remains high.","The offer price still carries weight. It’s set through book building, backed by a banking syndicate, and treated as a key reference point going into public trading.","But in practice, companies often arrive at listing day with several competing “prices” already in the wild. Depending on who’s trading, what rights they’re buying, and how liquid the venue is, a company can be referenced by:","Its most recent private market valuation","A price from a secondary transaction","An internal mark used for employee equity","A pre IPO market price","The underwritten offer price","The opening auction price","The price that develops after the first trading session","These numbers can diverge sharply because they reflect different instruments, different liquidity conditions, and different investor groups.","That’s why price discovery increasingly begins before the ticker appears on an exchange. Listing day doesn’t create demand from scratch. It makes the process more visible and extends it into a wider market.","ChangXin Memory Technologies (CXMT) is a clear example of how early price formation is changing.","According to Pyth’s report on the CXMT listing, the company’s debut on Shanghai’s STAR Market became the largest chip listing in Chinese market history. CXMT priced its shares at 8.66 yuan and raised up to 66.6 billion yuan, valuing the company at approximately $85 billion at the offer price.","Demand was substantial: the retail tranche was oversubscribed 212 times across 9.4 million individual orders.","What’s especially interesting, though, is what happened before that first official trade.","Ahead of the listing, TradeXYZ’s live pre-IPO market gave traders a way to express views on CXMT while the public shares were still unavailable. That market traded at levels implying a valuation of approximately $500 billion.","The gap between the pre IPO market and the offer price wasn’t just noise. It was information. It made disagreement visible early, across venues that were effectively running in parallel. And once CXMT began trading on the STAR Market, the pre IPO market suddenly had an underlying public reference price to anchor against. That shifted the conversation from pure expectation to practical questions like tracking, funding, basis, and liquidity.","A newly listed stock has no trading history. Its first price is created through the opening auction, then propagated across the venues, applications, and products that consume exchange data.","That makes the first print more than a headline. It’s an infrastructure challenge.","If a venue wants to launch an equity perpetual, prediction market, or other financial product around a new listing, it needs the price as soon as the public market opens. A feed that arrives an hour later is a description of the past. A feed that’s live from the opening print is part of the market as it forms.","Pyth’s IPO Oracle report frames this through a sequence of same day equity feeds:","Circle (CRCL) in June 2025","Figma (FIG) in August 2025","Cerebras Systems (CBRS) on May 14, 2026","SpaceX (SPCX) in June 2026","The pattern continued with CXMT, which became Pyth’s first day one feed for a mainland Chinese IPO. Pyth’s CXMT release connects that listing to the earlier CRCL, FIG, CBRS, and SPCX feeds.","Each new IPO tests the same question: can market infrastructure follow price discovery as it happens?","The boundary between private and public markets is getting more fluid.","A company can generate expectations through private transactions, develop a pre IPO market, list on a traditional exchange, and then trade across always on venues that serve users in different time zones. Instead of one clean transition, you get multiple overlapping “market clocks” running at once:","Private market expectations form through funding rounds and secondary transactions.","Pre IPO price formation develops before the listing.","The opening auction creates the first public market price.","Cross venue trading extends the market beyond the listing exchange’s hours.","Applications and financial products continue using the data across global markets.","To keep up, the market data layer has to follow the asset through every stage. That means direct access to the venues producing prices, real time distribution, accurate instrument metadata, and infrastructure that can support the first trade and the market that forms afterward.","A ticker doesn’t fully describe an asset.","A restricted private share, a thinly traded secondary position, an IPO allocation, a pre-IPO contract, and a freely traded public share can all reference the same company, while carrying different rights, liquidity, and settlement terms.","As tokenized equities, perpetual markets, and new financial venues expand around public listings, those distinctions become harder to ignore. A credible market data system needs to clearly identify the instrument behind the price:","What asset is being priced?","Which market produces the price?","What rights does the instrument represent?","How liquid is the market?","What are the trading hours?","How are corporate actions handled?","What happens when the instrument lists, splits, or changes status?","Pyth’s research on corporate actions and stock splits shows why this matters after the IPO as well. A feed has to account for scheduled events that change the representation of a security, including splits, reverse splits, and delistings.","The opening print begins the public phase, but it doesn’t solve the data problem by itself.","Pyth’s IPO activity shows the same market data requirement repeating across regions and asset classes.","Circle, Figma, and Cerebras demonstrated the need for same day U.S. equity coverage. SpaceX extended that capability to one of the most closely watched listings in the market. CXMT brought the same day model to a major mainland Chinese IPO, and linked pre-IPO expectations with a live, listed price.","Taken together, the sequence points to a broader shift:","Markets form earlier.","Price discovery continues across more venues.","New financial products launch closer to the first public trade.","Data providers need access to the source market from the beginning.","Investors receive more signals, and must understand what each signal represents.","The IPO is increasingly the moment when a private market process becomes visible across a much wider financial system.","For exchanges, that creates demand for feeds that are live from the opening auction. For issuers, it creates a market that begins forming before the listing date. For investors, it creates more information, and a greater need to distinguish valuation, liquidity, and market structure.","For market data providers, the standard is moving from publishing a ticker to supporting the full lifecycle of an asset.","Pyth is building the price layer for that lifecycle: from data reflecting pre-IPO expectations and opening trades to continuous market access across equities, indices, commodities, FX, and other asset classes.","The next generation of IPOs won’t be defined by the offer price alone.","They’ll be defined by how quickly a market can form around a company, how widely it can operate, and how reliably the data can follow it from the first signal to the next phase of trading.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Jul 23, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/ipos-are-becoming-market-processes"},"/blog/us-treasury-yields-and-prices-live-on-pyth-pro":{"version":1,"title":"U.S. Treasury yields and prices live on Pyth Pro - Blog - Pyth Network","description":"U.S. Treasury yields and prices are live on Pyth Pro. Two feed types, 2Y through 30Y, contributed by institutions active in the Treasury market.","keywords":"","h1":["U.S. Treasury yields and prices live on Pyth Pro"],"h2":["What a Treasury actually is","Yields and prices are two different things","What's live","What desks use them for","Where the data comes from"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","U.S. Treasury yields and prices are live on Pyth Pro. Two feed types, 2Y through 30Y, contributed by institutions active in the Treasury market.","News","Aug 18, 2026","Onchain products built on U.S. Treasuries have had a data problem. The yields that price rate products and the instrument prices that back collateral often come from different vendors. That data usually sits downstream of the institutions actually trading Treasuries, and it rarely arrives in a form ready for onchain use. Teams building tokenized Treasuries or Treasury-backed collateral have had to assemble the picture themselves.","Pyth Pro now closes that gap. Live U.S. Treasury data is available in two feed types, contributed by institutions active in the Treasury market.","A U.S. Treasury is a loan to the U.S. government. Buy one and the government pays interest for a set period, then returns the principal at the end. That period is the maturity: a 2-year Treasury pays for two years, a 30-year pays for thirty.","Treasuries are the reference point for almost everything else in finance. Mortgage rates, corporate borrowing costs, and the \"risk-free rate\" used to value other assets are all priced with reference to Treasury yields. That is why Treasury data matters far beyond Treasuries themselves.","Every Treasury has two numbers attached, and they answer different questions.","The yield is the interest rate, written as a percentage. If the 10-year yields 4%, that is roughly what the government is paying per year to borrow at that maturity. Yields are how you compare the cost of money across time, and how rate products get priced.","The price is what the instrument itself is worth to buy or sell right now. It is the number you use to value a Treasury you are holding, or one being posted as collateral.","The key thing: price and yield move in opposite directions. When yields go up, prices go down, and vice versa. So a rate curve is built from yields, while collateral gets marked from prices. Most desks need both, which is why both are now live.","Treasury yield feeds — 2Y to 30YUS2Y, US3Y, US5Y, US7Y, US10Y, US20Y, US30Y","Treasury price feeds — 2Y to 30YUS2Y, US3Y, US5Y, US7Y, US10Y, US20Y, US30Y","Both cover the 2-year through 30-year maturities. The short end of the curve, from one month to one year, is in development.","Yield feeds support:","Rate curve construction","Lending and interest-rate product pricing","Risk and discounting models","Price feeds support:","Collateral and margin valuation","Marking Treasury positions","Tokenized Treasury products onchain","The feeds are contributed by institutions active in U.S. Treasury markets, the kind of firms that trade these instruments as part of their core business. Pyth Pro aggregates their data and delivers them through one integration, alongside equities, FX, metals, and crypto.","Get access to Pyth’s Treasury yields and price feeds via the Terminal.","Blog","Sep 7, 2026","Sep 3, 2026","Sep 2, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/us-treasury-yields-and-prices-live-on-pyth-pro"},"/blog/will-prediction-markets-reach-1-trillion-when-everything-has-a-price":{"version":1,"title":"Will Prediction Markets Reach $1 Trillion? When Everything Has a Price - Blog - Pyth Network","description":"This is a placeholder blurb that has maximum of 160 characters. This is for meta description SEO","keywords":"","h1":["Will Prediction Markets Reach $1 Trillion? When Everything Has a Price"],"h2":["YES. NO. NEED MORE DATA.","The market is growing faster than most people expected","A prediction market is only as credible as its resolution","The 9-to-5 data problem","How Pyth works with prediction markets","And why the data layer matters more as the market grows?","The prediction"],"h3":["Polymarket","Kalshi","Jupiter Predicts"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","This is a placeholder blurb that has maximum of 160 characters. This is for meta description SEO","Research","Aug 11, 2026","What prediction markets are, how Polymarket and Kalshi use Pyth data, and why reliable market data matters when markets operate around the clock.","That's not a poll. It's the price participants assign to the outcome.","Prediction markets take the most consequential sentences in the world “this will happen or it won’t” and force them to carry a price.","They turn questions about the future into tradable contracts:","Will gold close above a certain price?","Will the Federal Reserve cut rates?","Will a particular team win a championship?","Will inflation print above a threshold?","Will an election land a particular outcome?","A “yes” contract might trade at 65 cents and a “no” at 35. If the contract pays $1 when the outcome is true, the market is effectively pricing a ~65% probability.","But “effectively” hides the real fight. Liquidity. Fees. Market design. Manipulation attempts. And for price-based markets, above all: the data used to determine who gets paid.","Prediction markets don't just speculate about the future, they settle contracts based on what actually happens.","And as more capital piles in, the question stops being “Will people trade the future?” (they already are) and becomes far more uncomfortable: Can the infrastructure used to resolve these contracts keep up with the speed of speculation?","Prediction markets moved into the mainstream during the 2024 US presidential election. Since then, the category has expanded well beyond politics.","Markets now cover sports, crypto, macroeconomic data, interest rates, weather, company performance, commodities, equities, and other measurable events.","The numbers are beginning to reflect that expansion. According to a Bernstein estimate reported by CNBC in April 2026:","Prediction market volume reached approximately $51B in 2025.","Kalshi and Polymarket had already recorded approximately $60B in combined volume during the first months of 2026.","Total prediction market volume was estimated at $240B for 2026 (a 370% increase from the previous year).","According to a Bernstein estimate reported by CNBC in April 2026, annual volume could reach approximately $1T by 2030, implying roughly 80% compound annual growth from 2025 to 2030.","Weekly Kalshi volume had grown from approximately $100M a year earlier to more than $3B.","These are projections rather than guarantees. Markets still face regulatory, liquidity, surveillance, and market-integrity challenges. Even so, they point to growing institutional interest in prediction markets as a financial product category.","Consider a simple question:","Will gold trade above $3,500 at 4pm?","The question looks simple. Resolving it is not.","Which gold price should be used? Which market? Which instrument? Which timestamp? Which time zone? What happens if the traditional exchange is closed? What happens during a holiday? What happens if the market trades continuously but the underlying reference market does not? Can participants independently verify the data used?","These are not minor implementation details. They determine whether participants believe the market is fair.","In a prediction market, millions of dollars can depend on a single price point. A stale, delayed, incomplete, or opaque data source can create more than a bad user experience. It can create disputes, weaken confidence, and damage the platform’s credibility.","That makes market data part of the product itself.","For prediction markets, the price of gold, oil, wheat, equities, indices, and interest rates is not background information. It is the answer key.","Traditional markets were built around exchange hours. A commodity market might have a defined trading session. An equity market might close for the day. A futures venue might have its own schedule. A holiday might pause activity entirely.","Prediction markets operate differently.","Their contracts can be available to users at any hour. A market about the price of gold does not stop being interesting because one exchange has closed for the day. A contract about oil, wheat, or an equity can attract participants across time zones, even when the underlying market is between sessions.","This creates a structural mismatch: Markets can be continuous even when the data infrastructure supporting them is not.","That is the problem Pyth is helping prediction markets solve.","Pyth provides real-time market data sourced directly from institutions that actively participate in price discovery, trading firms, exchanges, market makers, and banks.","With Pyth Pro, prediction markets can access cross-asset pricing through a low-latency interface so they can display fresher prices, cover more real-world assets, use outside-hours pricing where available, and simplify integrations, while giving traders a clearer, more transparent path from live market activity to contract resolution.","Pyth doesn’t decide outcomes: the venue defines the contract rules and resolution logic.Pyth provides the market-data input they can use within that process.","Polymarket uses Pyth Pro to power traditional-asset prediction markets (e.g., commodities, major index ETFs, and single-name US equities) with real-time streaming prices over WebSocket. By sampling pricing frequently and showing it live, participants can see the “price to beat” as the market trades, making resolution inputs easier to verify and harder to treat as a black box. (Case study)","Kalshi uses Pyth Pro as a resolution source for its Commodities Hub—bringing continuous, transparent pricing to event contracts tied to assets like gold, oil, agricultural products, and industrial metals.","This matters because commodity pricing can move across venues, time zones, and overnight sessions; Pyth helps provide a consistent market-data layer that can support always-on contracts and expansion into additional asset classes over time. (Case study)","Always better to be predicting with real-time market data. Jupiter Predicts uses Pyth Pro as the solution of choice to power its $BTC and $SPCX markets, helping ensure predictions are anchored to fresh, transparent pricing inputs as markets move. (Case study)","At small scale, a prediction market can survive with a narrow product range and a manual process.","At larger scale, the requirements change. A serious prediction market needs:","Accuracy: the data must represent the underlying market clearly enough to support a fair contract.","Freshness: prices must update quickly when the underlying market moves.","Continuity: global markets do not stop at one exchange’s closing bell.","Coverage: platforms need access to more than crypto and headline events; they need commodities, equities, indices, FX, rates, and other real-world markets.","Transparency: traders should be able to understand where the price came from and how the contract is being resolved.","Operational simplicity: platforms should not need a separate data architecture for every asset class.","This is the role of market-data infrastructure.","Pyth’s public materials cite more than 710 businesses using Pyth data, over $2.8T in cumulative transaction volume secured, more than 3,000 instruments, 138+ first-party publishers, and 114+ blockchains.","Those figures are network-wide, not prediction-market-specific. But they demonstrate why prediction markets do not need to build their data architecture from scratch.","They can connect to a market-data network already built for cross-asset, real-time financial applications.","Will prediction markets reach $1T in annual volume by 2030?","Nobody can know. And that’s the point.","Every prediction market starts as a sentence in the air “this happens / this doesn’t” and ends as a number someone is willing to buy. As volumes rise, the question shifts from whether people will trade the future to what counts as truth when it’s time to settle.","More venues. More assets. More hours. More money on the line.That makes the resolution layer an increasingly important part of the product.","Pyth provides real-time market data across commodities, equities, indices, rates, and other asset classes, supporting markets that operate around the clock.","The future will always be uncertain. But it’s becoming measurable.","And in prediction markets, everything measurable needs a price.","Blog","Aug 20, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/will-prediction-markets-reach-1-trillion-when-everything-has-a-price"},"/blog/a-new-model-for-market-data-distribution-an-executive-conversation-with-lmax":{"version":1,"title":"A New Model for Market Data Distribution: An Executive Conversation with LMAX - Blog - Pyth Network","description":"Institutions closest to price formation should be able to publish directly. David Mercer of LMAX on the new distribution layer.","keywords":"","h1":["A New Model for Market Data Distribution: An Executive Conversation with LMAX"],"h2":[],"h3":["Market data was built for a different era","From market-data vendors to market-data infrastructure","Why LMAX joined early","The network is expanding across markets","The next decade of market data"],"h4":["Similar stories"],"h5":["OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain","Pyth x Integral: Rewriting the Market Data Economy"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Institutions closest to price formation should be able to publish directly. David Mercer of LMAX on the new distribution layer.","Data Providers","Aug 20, 2026","Market data has become one of the fastest-growing costs across financial markets.","Institutions increasingly rely on dozens of proprietary market-data feeds, multiple vendor agreements, and complex licensing models simply to access the prices required to participate in modern markets. As digital assets, tokenized securities, and 24/7 trading environments continue to develop, that complexity is becoming harder to justify.","For David Mercer, CEO of LMAX Group, the next stage of financial-market infrastructure will depend on changing how market data is distributed.","Speaking on The Price of Everything, Mercer reflected on more than three decades in capital markets and the structural changes reshaping the industry. His perspective is grounded in LMAX’s own history: for more than a decade, the company has challenged conventional market structure, from introducing transparent central limit order books in foreign exchange to becoming one of the first institutional crypto exchanges.","That same philosophy led LMAX to become the first FX exchange to contribute data to the Pyth Network.","Today, LMAX continues to publish institutional FX pricing through the Pyth Data Marketplace, alongside data from exchanges, market makers, trading venues, and financial institutions worldwide.","Traditional market-data infrastructure was designed around exchanges, proprietary terminals, and bilateral distribution agreements.","That model made sense when markets were largely separated by asset class, geography, and trading hours. Institutions accessed equity data through one set of relationships, foreign exchange data through another, and commodities or fixed-income data through additional vendors and specialist systems.","Modern financial markets look very different.","Applications increasingly consume data directly through APIs. Trading systems operate continuously. New financial products combine multiple asset classes. Tokenized assets are beginning to connect traditional financial instruments with digital markets.","The result is a growing demand for access to the “price of everything”: equities, foreign exchange, commodities, crypto, futures, fixed income, and other financial instruments through infrastructure that software can consume directly.","The challenge is no longer simply finding market data. It is distributing that data in a way that is scalable, accessible, and aligned with how modern financial applications are built.","Mercer’s view is that the next evolution of finance will come from modernizing the distribution layer.","Institutions closest to price formation should be able to publish directly into infrastructure that allows developers, financial firms, exchanges, and applications to access market data through a common integration.","That approach changes the relationship between data publishers and consumers.","Instead of requiring every application to manage a growing collection of vendor agreements, exchange connections, and licensing arrangements, a unified distribution layer can make institutional pricing available across a broader network of financial software.","For data publishers, the model creates a more direct route to applications and markets. For developers and financial institutions, it reduces operational complexity while preserving the connection to the original source of the data.","This distinction matters. Pyth does not replace the institutions that generate market data. It gives those institutions a modern way to distribute it.","LMAX became one of the earliest institutional publishers on Pyth because the network’s underlying philosophy closely aligned with its own approach to financial markets.","LMAX was founded on the idea that transparent market access and modern infrastructure can create healthier, more efficient markets. Publishing market data through Pyth represented a natural extension of that approach.","By contributing institutional FX pricing directly to the network, LMAX helps make exchange data available through a unified distribution layer alongside data from other market participants.","That model is increasingly important as financial markets become more connected.","An application building a new financial product may need FX, equities, commodities, crypto, and fixed-income data at the same time. A trading venue operating around the clock may need pricing that reflects markets across different geographies and time zones. A tokenized asset platform may need institutional inputs that can be accessed through software rather than through a traditional terminal.","A single, programmable market-data layer gives these systems a more practical foundation.","LMAX’s contribution is part of a broader institutional shift.","Pyth’s publisher network now includes a growing roster of exchanges, market makers, trading firms, data providers, and financial institutions. The network supports publishers and applications across equities, foreign exchange, commodities, crypto, futures, and fixed income.","The expansion of the publisher base is matched by the expansion of the markets being served.","As more institutions contribute data, applications can access broader coverage through the same infrastructure. As more applications consume that data, the value of direct, programmable distribution increases for the institutions producing it.","This creates a stronger connection between the supply side and demand side of market data.","For LMAX, the opportunity extends beyond publishing FX prices. It is about helping demonstrate a new model for how financial data can move through the market: directly from institutions, through shared infrastructure, and into the systems building the next generation of finance.","Mercer believes the biggest opportunity is still ahead.","Stablecoins, tokenized assets, and programmable financial applications are creating new ways for capital to move and markets to operate. These systems will require trusted pricing across asset classes, geographies, and trading venues.","That requires more than additional feeds.","It requires infrastructure capable of distributing institutional pricing wherever financial applications are built.","LMAX’s early participation in Pyth reflects a broader transition in financial infrastructure. Market data is moving beyond proprietary terminals and fragmented vendor relationships toward a model that is more direct, unified, and designed for software-native finance.","The next generation of capital markets will need market data that can move at the speed of the systems consuming it—built on first-party financial market data and delivered through products like real-time price feeds.","LMAX is helping build that future.","Blog","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","May 7, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-new-model-for-market-data-distribution-an-executive-conversation-with-lmax"},"/blog/china-s-first-humanoid-robot-listing-now-live-on-pyth-pro":{"version":1,"title":"China's First Humanoid Robot Listing, Now Live on Pyth Pro - Blog - Pyth Network","description":"Unitree listed on the STAR Market and Pyth delivered real-time data from the opening print. Second day-one feed for a mainland Chinese IPO, after CXMT.","keywords":"","h1":["China's First Humanoid Robot Listing, Now Live on Pyth Pro"],"h2":[],"h3":["Another Chinese IPO Priced From First Tick","Two markets waiting for an underlying","The Asian equity expansion continues"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Unitree listed on the STAR Market and Pyth delivered real-time data from the opening print. Second day-one feed for a mainland Chinese IPO, after CXMT.","Announcements","Aug 19, 2026","Unitree Robotics builds humanoid and quadruped robots. It shipped more than 5,500 humanoids in 2025, the highest annual figure any manufacturer has reported. Its debut on Shanghai's STAR Market is the first listing of a pure-play humanoid robotics company on China's A-share market.","Unitree priced at $22 a share, raising about $900 million and valuing the company near $9 billion, well past the $620 million it originally targeted. Demand ran far ahead of the deal, with the retail tranche drawing 9.8 million individual orders, a larger book than CXMT's in July.","Every platform that opens a market on a listing like this starts from the same problem. It needs a price.","A stock that has just listed has no trading history. STAR Market debuts trade without a daily price limit through their opening sessions, and the IPO represented only 10% of the company’s enlarged share capital. The first prints can move a long way fast.","Pyth delivered real-time Unitree data from the opening print, giving exchanges, perpetual platforms, and prediction markets the pricing inputs to open a market on day one. Unitree is Pyth's second day-one feed for a mainland Chinese IPO, after CXMT, and follows day-one coverage of US listings including CRCL, FIG, CBRS, and SPCX.","TradeXYZ, Paragon, and Lighter all opened Unitree markets before the stock existed as a tradable instrument.","TradeXYZ has become the venue traders turn to for assets that have historically traded only during traditional market hours. Built on Hyperliquid's HIP-3, it runs permissionless perpetual markets across global equities, commodities, and macro assets, and drives the majority of HIP-3 activity, part of an ecosystem that has processed more than $530 billion in cumulative volume priced by Pyth.","Paragon is another HIP-3 deployer, running perpetual markets on crypto indices, single-name equities, and US Treasury yields. Its equity book concentrates on the AI infrastructure supply chain: Broadcom, Lam Research, Teradyne, Super Micro, Seagate, Credo, Coherent. Pyth prices the equities across trading sessions and serves as the primary source for Paragon’s index markets. Unitree extends that book from the chips and optics into the machines built on top of them.","Lighter is a perpetual exchange running on its own zero-knowledge rollup on Ethereum, and it has processed more than $1.75 trillion in cumulative volume. Its book is mostly crypto which accounts for most of the volume and open interest, alongside a growing set of real-world asset markets. Unitree strengthens Ligther’s RWA presence.","Once Unitree began trading in Shanghai, those markets gained a real underlying. Both integrated Pyth as an external pricing source during regular market hours.","\"The hardest price to establish is the first one,\" said Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network. \"Direct access to this stock is limited for many investors outside China, and TradeXYZ and Paragon provided another way to gain market exposure. Those markets need a price the moment Shanghai opens, and that is what Pyth supplies.\"","Unitree joins a Pyth Pro equity catalog that has moved quickly across Asia. Hong Kong equities went live earlier this year, now spanning close to 100 listed stocks. Mainland Chinese and South Korean equities followed, including Cambricon Technologies, GigaDevice Semiconductor, and SK Hynix. Japanese equities are live across Toyota, Sony, Nintendo, SoftBank, Tokyo Electron, and Advantest.","Each arrives through the same integration already delivering US equities, FX, commodities, fixed income, and crypto. Perpetual exchanges can launch Asia equity markets priced alongside crypto and US equities on the same stack. Prediction markets can build event contracts on Asian technology earnings and index movements.","Unitree is live on Pyth Pro today. Existing Equities and All Access subscribers can use the feed immediately. Teams looking to integrate can start at the Pyth Terminal.","Blog","Sep 1, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/china-s-first-humanoid-robot-listing-now-live-on-pyth-pro"},"/blog/how-truecurrent-got-outside-the-tech-cluster":{"version":1,"title":"How TrueCurrent Got Outside the Tech Cluster - Blog - Pyth Network","description":"Pyth Pro catalogs 1,024 stable US equity feeds. TrueCurrent makes 112 of them tradeable onchain, across eight sectors including healthcare, defense and energy.","keywords":"","h1":["How TrueCurrent Got Outside the Tech Cluster"],"h2":["Two Constraints, Not One","What TrueCurrent Changed","The Coverage Underneath","What That Produced","The Moderna Case","Why This Matters"],"h3":[],"h4":["Similar stories"],"h5":["Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter","From Crypto Perps to Full Asset Trading Layer: A Liquidity Case Study in Silver"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro catalogs 1,024 stable US equity feeds. TrueCurrent makes 112 of them tradeable onchain, across eight sectors including healthcare, defense and energy.","Research","Aug 20, 2026","On August 19, Moderna and Merck reported interim Phase 3 results for a personalized cancer therapy. MRNA closed the day up roughly 491% on the year.","Onchain traders looking for a market to trade it in mostly came up empty. Several venues added MRNA that afternoon, reacting to the news. TrueCurrent had listed it over a month ago (July 9th), alongside eight other healthcare and biotech names, none of which had done anything in particular at the time.","Open any onchain venue offering stock perpetuals and the catalog is familiar. Apple, Tesla, Nvidia, Microsoft. A few semiconductors, AI, and compute.","Pyth Pro prices 1,024 US equities. Onchain, traders see a fraction of that, concentrated almost entirely in one sector. The usual explanation is demand. Traders want technology stocks, so venues list technology stocks. That explanation is hard to test when venues rarely offer traders anything else to want.","A new market needs two things: a price and liquidity. Onchain equity venues have been short on both, and the shortages reinforce each other.","Start with the price. A stock perpetual needs a reference that runs continuously and tracks the underlying market, available under terms that permit redistribution into a trading venue. Traditional market-data licensing was designed around terminals and internal desks. Publishing a price into a public trading venue is a different commercial arrangement, often negotiated venue by venue and symbol by symbol.","The question before a listing is therefore not only whether traders might want the market. It is whether the price for that ticker can be sourced, delivered and redistributed at a cost that justifies the listing.","Then liquidity. On an orderbook venue, a listing is can be of limited use until a book forms around it. Thin books produce poor fills, poor fills can push traders elsewhere, and the market may struggle to gain traction. Every additional listing divides liquidity-provider attention, so orderbook venues have a structural reason to keep their catalogs concentrated in names expected to trade.","Market-data networks loosen the first constraint. They do not solve the second on their own. Listing and liquidity mechanics still shape the catalog, which helps explain why onchain equity trading has stayed clustered around a short list of large-cap technology names.","TrueCurrent is a non-custodial perpetuals exchange. It uses an RFQ model rather than a traditional orderbook. A trader sets the parameters of a trade and a worst acceptable price, TrueCurrent collects quotes from professional liquidity providers, and execution routes to the best available quote.","For listings, the important difference is that there is no resting orderbook to bootstrap. A new market needs providers willing to quote it and a reliable price feed to quote against. It does not need a resting orderbook to become usable.","That moves the marginal listing constraint onto the cost and availability of reliable pricing.","The listing decision becomes a product question: which markets should the venue make available, when the price data already exists?","Pyth Pro currently catalogs 1,024 stable US spot-equity feeds across its live production catalog. All 1,024 include regular-session coverage. 434 add at least one pre-market, post-market or overnight session, and 222 include all four sessions for full 24/5 coverage.","Pyth's market-data network draws direct contributions from more than 125 publishers. The resulting universe reaches well beyond technology into healthcare, defense, industrials, financials, energy and consumer markets.","The integration surface is one API across a broad, machine-readable feed catalog. A venue uses the same integration pattern as its market universe grows, evaluating listings against its own users, liquidity providers and risk controls.","The data question and the listing question come apart.","Today, TrueCurrent lists 112 equity perpetual markets using Pyth Pro price feeds, alongside FX, precious-metals and crude-market feeds.","Sector","Markets","Technology and semiconductors","28","Financials and fintech","22","Consumer, retail and leisure","19","Internet and media","17","Healthcare and biotech","9","Defense, aerospace and industrials","7","Energy, utilities and materials","6","Autos and EV","4","Technology is the largest category at 28 markets, and it accounts for a quarter of the list. The other three quarters sit outside the cluster that dominates onchain equity trading.","Healthcare and biotech include Amgen, Gilead, Intuitive Surgical, Lilly, Moderna, Novo Nordisk, Pfizer and Regeneron. Defense and aerospace include Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, Rocket Lab and RTX. Energy, utilities and materials include Enphase, First Solar, NextEra, Oklo, Rio Tinto and Vistra. Financials include BlackRock, Blackstone, CME Group, Goldman Sachs, JPMorgan, KKR, Morgan Stanley and Schwab.","\"Most venues list what already trades, which is why onchain equities look like the same dozen tech names everywhere you go. We built it the other way around. Our RFQ model doesn't need a deep resting orderbook, and Pyth Pro gives us reliable prices across the full equity universe, so we can list a market because the data exists and traders might want it, not because it already has volume. That's why Moderna, along with a lot of healthcare, defense, and energy names, was live on TrueCurrent before the catalyst arrived, not the afternoon after.” — TrueCurrent spokesperson.","The catalysts behind that move ran through most of 2026.","Two catalysts drove most of it. The FDA approved the company's mRNA flu vaccine earlier in the year. Then on August 19, interim Phase 3 results for a personalized cancer therapy developed with Merck met their primary endpoint, and the stock moved hard enough that several perp venues added the market the same day.","By the August 19 close, MRNA was up approximately 491% year to date, rising from $29.50 at the December 31, 2025 close to $174.38, based on Pyth Pro daily history for Equity.US.MRNA/USD.","The point is not that TrueCurrent caught one stock. Reactive listing works when a venue happens to be watching. Coverage works regardless, and a catalog assembled around what might trade behaves differently from one assembled around what already trades.","Onchain equity trading has been running one trade in a dozen interfaces. A cluster of correlated large-cap technology names, moving around the same market thesis, available everywhere.","That shape reflects data access, listing economics and the mechanics of bootstrapping liquidity as much as it reflects what traders want. TrueCurrent changed one side of it with an RFQ model that does not depend on a deep resting orderbook, which freed the venue to evaluate markets against available price coverage rather than expected day-one volume.","Pyth Pro catalogs 1,024 stable US spot-equity feeds. TrueCurrent makes 112 of them tradeable onchain, across eight sectors. Find the full catalog on the Pyth Terminal.","Blog","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","Feb 19, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/how-truecurrent-got-outside-the-tech-cluster"},"/blog/where-hyperliquid-and-pyth-line-up":{"version":1,"title":"Where Hyperliquid and Pyth Line Up - Blog - Pyth Network","description":"US equities are moving to 23 hours a day, five days a week. Onchain venues run seven. How the remaining 53 hours get priced, and who is arguing about it.","keywords":"","h1":["Where Hyperliquid and Pyth Line Up"],"h2":["A problem the whole industry is now trying to solve","HIP-3 changed who was allowed to try","Covering the 53 hours","Weekend gap risk was never inevitable","Which raises a question for everyone else","What comes next"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","IPOs Are Becoming Market Processes","Building The Modern Index Provider","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","US equities are moving to 23 hours a day, five days a week. Onchain venues run seven. How the remaining 53 hours get priced, and who is arguing about it.","Education","Aug 24, 2026","US equity markets are making their biggest schedule change in a generation, moving toward 23 hours a day, five days a week. Onchain venues already run seven. More than $540 billion has traded on the real-world asset markets Hyperliquid hosts and Pyth prices, much of it in hours when no exchange was open.","Markets should not close. The price of everything should be published continuously, by the firms that actually set it.","Hyperliquid was built on the first conviction. Pyth was built on the second. Over the past year they have turned into one working system.","Apple does not trade on a Saturday. Neither does Nvidia, or Tesla, or the S&P 500. Their exchanges keep hours set decades ago, and outside those hours the asset has no price, no matter what is happening in the world.","The industry has decided this is worth fixing. The SEC approved Nasdaq's move to 23 hours a day, five days a week, in April, following comparable approvals for 24X and NYSE Arca (see here). NYSE Arca is cleared for 22 hours a day Monday through Thursday, and Cboe is working toward the same on EDGX (see here). The plumbing has moved with it. NSCC extended clearing to support those sessions in mid-2026, and the consolidated quotation system is expected to extend in December, running from Sunday evening through Friday evening with a short pause each night (see here).","This is the largest change to US equity market hours in a generation, yet falls short of 24/7 trading. Nasdaq's week begins with a Sunday night session and ends at the Friday close (see here). The consolidated quote will still be off on weekends and holidays. Roughly 53 hours out of every 168 remain without a national quotation.","Which is a reasonable place for the traditional system to stop. Weekend clearing, weekend corporate actions, and weekend staffing are hard problems that a five-day extension does not require anyone to solve. But an asset does not stop having a value at 8pm on Friday, and the people who want to act on that value have to go somewhere.","HIP-3 is Hyperliquid's mechanism for letting an independent team deploy its own perpetual futures market on the exchange. The team defines the market, sets the risk parameters, and chooses the price source. Hyperliquid supplies the exchange infrastructure, the order book, and the liquidity engine underneath.","That is a meaningful shift in who gets to build a market. Listing decisions that would ordinarily require an exchange's approval, a licensing negotiation, and a multi-year integration became something a competent team could ship.","Which is how Hyperliquid became the venue where real-world assets trade around the clock.","Three mechanisms, operating in different places, none of which existed in usable form three years ago.","Extend external pricing as far as it goes. Pyth publishes over 220 US equities on a 24/5 basis, sourced from firms directly involved in price formation. Overnight coverage comes through an exclusive collaboration with Blue Ocean, along with other ATSs where US equity trading continues after the primary exchanges close. That covers pre-market, regular hours, post-market, and overnight. Past the Friday close there is no underlying market left to read.","Constrain discovery where no external price exists. On weekends, price discovery happens on Hyperliquid's own order book, bounded by a mechanism called discovery bounds (designed by Trade[XYZ], whose markets account for 99% of current HIP-3 volume). The last external price sets the anchor, and price can only travel so far from it before the anchor re-sets and a new range forms. The market can move a long way over a weekend, but it moves in steps from a known starting point. Bounding the downside is what makes traders willing to take the other side at all.","Construct what cannot be observed. Pyth Indices are 24/7 products, co-developed with a regulated index administrator, including single-name US equity indices. They are constructed rather than observed, which is what allows them to run on a Sunday when no exchange is publishing anything.","Extend the real price as far as the market allows. Bound discovery where it does not. Construct a reference where nothing can be observed. Between them, an equity market on Hyperliquid has a defensible price at every hour of the week.","Weekend gap risk is a longstanding cost of equity-market structure. It comes from the trading calendar: exchanges close, while information keeps arriving.","A regulatory decision, geopolitical event, or company announcement can change the value of an equity-linked position on a Saturday morning. The holder can understand what has changed, yet has no market in which to respond until trading resumes.","Always-on onchain venues change that constraint. Participants with equity-linked exposure can act when information arrives, including while the underlying exchange is closed. The risk remains, but the period in which it must be passively absorbed becomes a market in which exposure can be managed. The cost is real even when it never appears as a line item.","This is already operating at meaningful scale. HIP-3 markets have recorded more than $540 billion in cumulative volume, with 407,000 traders and more than $4 billion in open interest. Pyth feeds provide pricing across virtually all of that activity. Those are exchange-scale figures for a market category that barely existed two years ago.","A venue took real-world assets to 24/7 trading and made it work. The pricing infrastructure underneath it held. Billions in open interest and hundreds of billions in volume have moved through markets that, by the standards of traditional market structure, should not have been priceable at all outside exchange hours.","This arrives at the same moment the traditional exchanges are extending into the night. The two developments point the same way. Nasdaq, NYSE Arca, and 24X have all concluded that a sixteen-hour trading day no longer matches demand, and each has committed capital and years of infrastructure work to changing it (see here). The frameworks governing how firms participate have not moved at the same speed, and they still assume a consolidated quotation that will be unavailable for a third of every week even after December.","On August 17, Douro Labs and Hyperliquid Policy Center filed a joint comment letter with the U.S. Securities and Exchange Commission on its proposal to rescind Rule 611 of Regulation NMS.","The letter makes that case in regulatory language. Onchain venues operate continuously while the consolidated quotation system does not, and for large stretches of every week there is no national quotation against which a trade in a security can be evaluated at all. It asks that independent price sources meeting a defined standard be recognized where the traditional quotation cannot serve, and specifies what that standard should require. First-party contributions from participants involved in price formation. Published methodology. Public publisher identities, open to audit.","Six days earlier, Douro Labs filed a separate letter with the Financial Industry Regulatory Authority, jointly with Securitize Markets, in response to FINRA's request for comment on modernizing its best execution guidance. The two are coordinated. The SEC letter asks the Commission to set expectations and direct FINRA to act. The FINRA letter proposes what that guidance should contain, element by element, for the firms that will have to comply with it. That comment period runs to September 25.","Neither filing argues from a hypothetical. The gap they describe is the one Hyperliquid's markets engineered around, and the mechanism they propose is the one already carrying volume today. The market structure question is not whether continuous trading in real-world assets can work. It is how long the institutional framework takes to catch up with the fact that it already does.","More asset classes, more teams building on HIP-3, and more of the global macro surface that has historically only been reachable during a narrow window each day.","Every one of those markets needs the same thing first, which is a price that lasts longer than the exchange behind it.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 13, 2026","Jul 23, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-hyperliquid-and-pyth-line-up"},"/blog/shein-lists-in-hong-kong-live-on-pyth-pro-from-the-first-tick":{"version":1,"title":"Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick - Blog - Pyth Network","description":"Shein's Hong Kong debut was live on Pyth Pro from the first tick — the third Asian day-one listing feed in six weeks, after CXMT and Unitree.","keywords":"","h1":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick"],"h2":[],"h3":["Three day-one feeds in six weeks","160 stable Asian spot-equity feeds and counting"],"h4":["Similar stories"],"h5":["China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector","Coinbase Launches Thematic Basket Indices Built by Pyth and MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Shein's Hong Kong debut was live on Pyth Pro from the first tick — the third Asian day-one listing feed in six weeks, after CXMT and Unitree.","Announcements","Sep 1, 2026","Shein’s Hong Kong debut was big in every sense. For its September 1 listing, the company sold 280 million Class B shares at HK$48.56, raising approximately HK$13.6 billion in gross proceeds, about US$1.74 billion.","That scale is backed by fundamentals. Shein reported revenue of US$41.9 billion in 2025, and the deal still landed as the largest Hong Kong IPO of 2026 and the third-largest in Asia so far this year.","For markets, the headline is speed. Pyth delivered a real-time Shein feed from the opening print, giving exchanges, perpetual platforms, and prediction markets the pricing inputs to open a market on day one.","A stock that has just listed has no trading history. Any platform opening a market at the debut needs a price it can trust from the first trade, not one that arrives only once the session has settled into a range. Market data for new listings can arrive on a vendor's schedule, sometimes days or weeks after the bell, by which point the opportunity to launch a market at the debut has passed.","Shein is the third Asian listing Pyth has priced from the opening print since late July, after CXMT and Unitree, three of the region's largest offerings of 2026 inside six weeks. The same pattern runs through US listings including CRCL, FIG, CBRS, and SPCX.","Each of those feeds went live the morning the stock did. That timing is what lets a platform open a market while the listing is still the story.","Shein joins a Pyth Pro equity catalog that now spans 160 stable Asian spot-equity feeds:","Hong Kong: 107","Japan: 21","South Korea: 18","China: 14","Hong Kong went live earlier this year and is now the deepest of the four. Mainland Chinese and South Korean equities followed, including Cambricon Technologies, GigaDevice Semiconductor, and SK Hynix. Japanese equities cover Toyota, Sony, Nintendo, SoftBank, Tokyo Electron, and Advantest.","Each arrives through the same integration already delivering US equities, FX, commodities, fixed income, and crypto. Perpetual exchanges can launch Asia equity markets priced alongside crypto and US equities on the same stack. Prediction markets can build event contracts on Asian technology earnings and index movements.","Shein is live on Pyth Pro today under 00625.HK. Existing Equities and All Access subscribers can use the feed immediately. Teams looking to integrate can start at the Pyth Terminal.","Blog","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","Jun 15, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/shein-lists-in-hong-kong-live-on-pyth-pro-from-the-first-tick"},"/blog/institutions-on-pyth-are-building-the-next-market-data-layer":{"version":1,"title":"Institutions on Pyth Are Building the Next Market Data Layer - Blog - Pyth Network","description":"How 138+ Institutions Are Building the Market Data Layer for Modern Finance","keywords":"","h1":["Institutions on Pyth Are Building the Next Market Data Layer","The institutions behind the data","Kalshi: real-time data for regulated event markets","Revolut: bringing digital banking into the publisher network","Fenics: bringing dealer-to-dealer fixed-income data into the network","Coinbase: from market data to continuously priced products","Jane Street: market-maker data at the foundation","SGX FX: institutional currency data across global liquidity hubs","What this shift means for market data"],"h2":[],"h3":["The institutions building on Pyth represent more than a collection of logos."],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How 138+ Institutions Are Building the Market Data Layer for Modern Finance","Education","Aug 26, 2026","Financial markets are becoming software-defined.","Prices now feed exchange engines, collateral systems, risk models, tokenized products, AI workflows, and trading venues that operate around the clock.","That shift is changing what institutions expect from market-data infrastructure: direct access, broader coverage, lower latency, transparent sourcing, and distribution that works across traditional and internet-native markets.","Pyth is building for that environment. Its model brings market participants closer to the applications that consume their data, creating a shared distribution layer for real-time pricing across asset classes.","Pyth’s current publisher page says more than 138 leading institutions are participating in this new market-data network. In its July 2026 report, Pyth Pro reported a catalog of 3,501 feeds, including 1,901 equity feeds, with 75 net-new equity feeds added during the month.","The numbers matter because coverage is what turns a data connection into a market-data layer. The more assets and markets institutions can reach through one integration, the more workflows that integration can support.","Pyth’s publisher network includes market infrastructure firms, exchanges, trading firms, fintech platforms, data specialists, and market-data and infrastructure providers.","The public publisher page highlights Cboe Global Markets, Coinbase, Revolut, and Virtu Financial among the institutions already publishing data to Pyth.","The wider network includes a growing set of names with distinct roles in financial markets. Kalshi brings regulated event markets, while Revolut contributes digital banking and digital-asset market data. Fenics brings dealer-to-dealer fixed-income data. Coinbase is building continuously priced thematic indices and exchange infrastructure, Jane Street contributes market-maker data, and SGX FX brings institutional currency pricing.","These are different institutions solving different data problems.","Together, they show how Pyth is expanding from crypto-native price feeds into a broader market-data network for financial applications, exchanges, prediction markets, risk systems, and other data-driven applications.","Kalshi is a CFTC-regulated prediction market and event exchange. In April 2026, Kalshi selected Pyth Pro as the resolution source for its Commodities Hub, a product built around event contracts tied to gold, silver, Brent crude oil, natural gas, copper, corn, soybeans, and wheat.","The problem is structural. Commodity markets trade across global venues and time zones, while many traditional pricing windows are built around markets that close overnight or on weekends.","Prediction markets that trade continuously benefit from a resolution source designed for continuous markets. Pyth Pro provides direct data access to Kalshi’s market makers and supplies pricing for contract resolution.","The earlier Pyth–Kalshi integration also made regulated event-market data available across more than 100 blockchains, extending coverage beyond asset prices into political outcomes, economic policy, sports, culture, and other events.","John Wang, Head of Crypto at Kalshi, described the infrastructure requirement this way.","“As the exchange deepens our offerings in liquid commodities, it’s important that Kalshi’s markets are backed by fast, institutional-grade data. Pyth’s price feeds are both granular and easy to consume, complementing Kalshi’s mission to make these markets accessible to a broader set of retail and institutional participants.”","Kalshi shows how Pyth’s role is expanding from pricing assets to supporting the resolution of markets built around future outcomes.","Revolut joined the Pyth ecosystem as a data publisher in January 2025. The digital banking platform contributes its proprietary digital-asset price data to Pyth, helping make that information available to applications and decentralized financial markets.","Mazen Eljundi, Revolut’s Global Business Head of Crypto, said:","“By working with Pyth to provide our reliable market data to applications, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need.”","The Revolut integration is an example of the two-way movement between traditional and decentralized finance.","Financial institutions can publish data into programmable markets, while Pyth gives them a route to participate in new digital financial workflows without rebuilding the entire distribution stack.","Fenics Market Data is the exclusive data-distribution arm of BGC Group, a major interdealer broker. Fenics has started working with Pyth Pro to make its institutional OTC pricing accessible through a single integration. Fenics represents data from more than $1 trillion in daily OTC transaction volume across rates, credit, FX, commodities, and energy.","By joining the Pyth ecosystem, Fenics brings executable pricing from institutional dealer-to-dealer activity into a network accessible through a single integration.","Rich Winter, President of Market Data and Information Analytics at Fenics, said:","“By contributing our global OTC pricing to the Pyth Network, we’re supporting the creation of a more connected, efficient, and data-driven financial system that brings institutional-grade transparency to the digital asset frontier.”","Fenics illustrates why fixed income is an important expansion area for Pyth. Much of the world’s bond pricing is formed in over-the-counter markets, where data has traditionally been fragmented across dealers, venues, and specialist vendors.","Bringing those sources into programmable infrastructure makes institutional fixed-income pricing more useful to trading systems, risk engines, analytics platforms, and digital markets.","Coinbase is using Pyth at two levels: as a cross-asset pricing layer and as infrastructure for new financial products.","The Pyth Pro case study describes Coinbase using Pyth across crypto, equities, and FX, with access to more than 3,000 real-time feeds and latency below 100 milliseconds.","That pricing layer supports real-time asset pricing, collateral valuation, and liquidation infrastructure across markets.","Coinbase also launched four thematic basket indices built through the Pyth and MarketVector strategic partnership: AI10, Defense10, China10, and Tech100. Each index gives traders exposure to a market theme rather than a single company, with pricing designed to run around the clock.","The division of responsibilities is clear: MarketVector provides index methodology and governance, Pyth provides the underlying data and continuous pricing, and Coinbase provides the venue and distribution.","This is a useful example of market-data infrastructure becoming product infrastructure, the value of a data network is not limited to delivering a price feed; it can also support the creation, pricing, and distribution of new financial products.","Jane Street joined Pyth as a data provider in 2021. The firm is a quantitative trading and liquidity provider active across equities, bonds, options, ETFs, and digital assets, with offices in New York, London, Amsterdam, and Hong Kong.","Jane Street’s role connects Pyth to the market-making firms closest to live price formation. That supply-side participation is central to building data infrastructure that can serve both institutional and digital markets.","SGX FX, a wholly owned subsidiary of Singapore Exchange Group, joined Pyth as a data publisher and contributes composite pricing across 74 currency pairs and more than 40 tenors. Those rates aggregate institutional liquidity across Singapore, Tokyo, London, and New York to produce a market-neutral mid-rate that reflects activity across multiple financial centers.","Distributed through Pyth to more than 114 blockchains and 710+ applications via a single integration, SGX FX’s data gives developers, financial institutions, risk systems, and analytics platforms access to institutional-grade FX pricing in a broader digital market environment.","Jean-Philippe Male, CEO of SGX FX, said:","“Contributing this critical pricing data to the Pyth Network is a deliberate step towards accelerating real-time, decentralized finance, ensuring the ecosystem is built on a foundation of trusted, institutional-grade data.”","SGX FX demonstrates the geographic dimension of Pyth’s institutional strategy. Financial data is generated across time zones and liquidity centers. Distribution infrastructure needs to follow that reality.","Kalshi, Revolut, Fenics, Coinbase, Jane Street, SGX FX, Cboe Global Markets, Virtu Financial, Tradeweb, Euronext FX, OpenYield, Wintermute, B2C2, and Finazon each represent a different point in the market-data supply chain.","The model is simple: institutions can contribute data from the markets, venues, and systems closest to the underlying activity; Pyth distributes that data through infrastructure built for real-time applications; exchanges, protocols, risk systems, prediction markets, and financial products use it across markets.","As financial services become more automated and more connected to always-on digital markets, market data becomes a core piece of infrastructure.","The institutions participating in Pyth are helping define what that infrastructure looks like: broader, faster, more direct, and available through one integration.","The next phase of finance will be built by systems that can access the price of everything in real time. Pyth is building the market-data layer for that world.","Explore the Pyth publisher network and learn how you can join as a publisher.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/institutions-on-pyth-are-building-the-next-market-data-layer"},"/blog/pyth-august-2026-report-building-the-price-of-everything-layer":{"version":1,"title":"Pyth August 2026 Report: Building the Price of Everything Layer - Blog - Pyth Network","description":"Pyth crossed $10.4M in ARR in August, with $2.9M in gross new ARR and $1.5M from Pyth Indices. Inside the numbers behind Pyth's biggest commercial month.","keywords":"","h1":["Pyth August 2026 Report: Building the Price of Everything Layer"],"h2":["$10.4M in annual recurring revenue. $2.9M in gross new ARR. Pyth’s biggest commercial month yet.","August by the numbers","Pyth Pro: an API-first market data product","Pyth Indices: pricing markets that never close","Growing the publisher network, and pricing IPOs from day one","What August showed"],"h3":["Top 5 Pyth Pro feeds","Top 5 Pyth Indices feeds"],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","U.S. Treasury yields and prices live on Pyth Pro","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth crossed $10.4M in ARR in August, with $2.9M in gross new ARR and $1.5M from Pyth Indices. Inside the numbers behind Pyth's biggest commercial month.","News","Sep 2, 2026","Article contributed by: Douro Labs","August was Pyth’s biggest commercial month yet: Pyth overall crossed $10.4 million in annual recurring revenue, Pyth Indices reached $1.59 million in fixed annual recurring revenue (excluding variable rev share), and Pyth Terminal hit new highs with 90,850 visitors, 445,382 page views, and 2,397 completed free trials during the month.","Numbers like these are easy to read as a good month. Looked at together, they describe something more structural: the product, the commercial model, and the market around Pyth are moving in the same direction at the same time. Institutions are expanding their use of Pyth Pro, exchanges are launching continuous index products, publishers are distributing specialized datasets through the Data Marketplace, and developers are evaluating market data through an API first product experience rather than a sales conversation. That alignment, more than any single figure, is what August was really about.","Overall ARR crossed $10.4 million in August.","Gross new ARR reached approximately $2.9 million, compared with approximately $1.7 million in July.","Pyth Indices reached $1.59 million in ARR.","45 Pyth Indices are stable in the live catalog, with 14 additional index feeds marked coming soon.","Pyth Pro recorded 2,397 Pyth Pro free trials completed between August 1 and August 31.","The Terminal recorded 90,850 visitors, 134,226 sessions, and 445,382 page views during the month.","Users generated 191,526 feed view events, with 9,197 distinct feed viewers exploring 886 feeds.","Figures above as per the latest report from Douro Labs.","Commercial momentum came from both new subscriptions and expansion of existing accounts.","Pyth Pro delivers customizable, enterprise grade price data directly from first party publishers. Subscribers configure the feeds they need and choose update schedules that fit their applications, all delivered through standard APIs, giving developers, trading platforms, institutions, and AI systems one integration across a growing set of asset classes.","The Pyth Terminal is the front door to that product, where users explore the catalog, inspect how prices are formed, compare publisher inputs, review historical data, choose a plan, generate an API key, and start a trial, turning market data discovery into a self serve product workflow, which is exactly what shows up in the August account data above.","Outside of the Indices catalog, exploration in Pyth Pro tells its own story. Spot gold (XAU/USD) led the field, with WTI crude close behind across two separate contract months, WTIU6 and WTIV6 together showing that users are comparing near term and forward pricing rather than just checking a single quote. Bitcoin was the only crypto feed to break into the top five, a reminder that it still commands attention, but it's now competing directly with physical commodities for that attention rather than dominating the Terminal outright. Silver rounds out the list, echoing the metals interest that shows up even more strongly in the Indices numbers below.","Pyth Indices reached $1.59 million in live ARR by the end of August, including $1,280,250 in new ARR added during the month making it the strongest month to date, underscoring demand for always-on markets. The live catalog now includes 45 live index products, with 14 more marked coming soon, spanning US equities, oil, metals, FX, thematic baskets, and other markets designed to support pricing beyond traditional exchange hours.","Commercial demand accelerated sharply during the month, with continued expansion and adoption from OKX, Kraken, Binance, Coinbase, and MarketVector.","The significance here goes beyond any one contract. Index products give venues a way to offer continuous exposure to markets that were originally built around a closing bell, and they give Pyth a genuine product surface for supporting new market formation, backed by transparent methodology, direct data sourcing, and a single API.","The gap at the top is stark. Gold and Oil indices pulled in more than four times the users of anything else in the catalog, with Silver a clear third and still well ahead of Brent and Natgas. Between them, Gold, Oil, and Silver account for the overwhelming majority of Indices activity in the Terminal this month, evidence that continuous commodity and metals pricing is currently the center of gravity for Indices demand, even as US equity and thematic products build out the rest of the catalog.","Read alongside the Pyth Pro numbers above, the pattern across the whole Terminal is consistent: Gold, Oil, and Silver indices dominated overall interest, while exploration in Pyth Pro beyond Indices was led by spot metals, WTI, Bitcoin, and futures.","The price of everything only works if the data behind it keeps growing, and August's coverage story was really a story about publishers and about how fast Pyth gets a price onto a newly listed asset. Both moved in the same direction this month.","On the publisher side, growth was steady rather than headline making: more than 138 institutions now contribute first party data to Pyth, spanning equities, crypto, FX, commodities, and metals, and August brought a significant upgrade to the Publisher Dashboard, making it easier for those institutions to see and manage their own contribution to the network. That's the less visible half of coverage. The more visible half is what happens the moment a new asset starts trading.","Pyth delivered Unitree data from the opening print, making China's first pure play humanoid robotics listing available to applications and exchanges the moment the public market opened, Pyth's second day one feed for a mainland Chinese IPO after CXMT. TrueCurrent extended that same principle beyond the technology cluster: Pyth Pro catalogs 1,024 stable US equity feeds, and TrueCurrent has now made 112 of them tradeable onchain across eight sectors, including healthcare, defense, energy, financials, and industrials.","The month also carried forward the Asian equities expansion, new commodity and metals coverage, and stronger conversion from Pyth Core customers into Pyth Pro, each one adding to the number of workflows a single integration can support.","Taken together, that's what pricing everything actually requires in practice: a publisher base broad enough to have the data in the first place, and a pipeline fast enough to put a price on it the day it starts trading, not the week after.","August made the direction of Pyth hard to miss. Commercial adoption is accelerating, expansion revenue is becoming a bigger share of growth rather than an afterthought, and the Terminal has turned market data discovery into a scalable product experience instead of a lead form. Pyth Indices is becoming a meaningful source of recurring revenue in its own right, opening up markets that need prices beyond the traditional trading day.","September will carry that momentum onto the road. Pyth contributors will be present at the major financial infrastructure events across New York, Miami, Seoul, San Francisco, London, Singapore, Copenhagen, Geneva, and Hong Kong through the rest of the year, on stage, on the exhibition floor, and in direct conversation with the institutions shaping what comes next for market data.","The common thread is access: more institutions contributing, more applications consuming, more markets priced continuously instead of closing for the night. Piece by piece, that's what the price of everything looks like in practice.","The price of everything starts in Pyth Terminal. Go explore the catalog.","Blog","Sep 7, 2026","Sep 3, 2026","Aug 18, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-august-2026-report-building-the-price-of-everything-layer"},"/blog/pyth-24-7-indices-expansion-amazon-meta-samsung-and-more":{"version":1,"title":"Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More - Blog - Pyth Network","description":"Twelve new Pyth Indices go live this week, adding Amazon, Meta, Samsung, and three ETF-based indices to continuous around-the-clock pricing.","keywords":"","h1":["Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More"],"h2":["What's New","A Suite That Keeps Growing","Live and In Use","Request Access"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Twelve new Pyth Indices go live this week, adding Amazon, Meta, Samsung, and three ETF-based indices to continuous around-the-clock pricing.","News","Sep 2, 2026","Pyth Indices are growing fast. A new batch (12) is live this week, extending continuous pricing across more of the equity market, the first Korea-listed name in the suite, and new ETF-based indices.","US equities: AMZN, META, COIN, PLTR, ORCL, NBIS, SKHY, and SNDK. Some of the most actively traded names in the market, now priced around the clock.","First Korea-listed name: Samsung. One of the most important companies in global technology and semiconductors, and the first Korea-listed name in the Pyth Indices suite.","ETF-based indices: EWY, SOXL, and SOXS. Sector and country exposure, priced continuously.","Each is a proprietary Pyth Index, built on Pyth's own price feeds and priced continuously, including the nights and weekends traditional markets are closed.","This batch is part of a steady expansion. Since launch, Pyth Indices has grown from a single oil index into continuous pricing across oil, metals, single-name equities, thematic baskets, and now international listings and ETF-based products.","The pace reflects demand. Exchanges, platforms, and institutions want continuous pricing for a widening set of assets, and the network's position at the point where prices originate means new indices can be added across asset classes and geographies without rebuilding the underlying infrastructure each time.","The expansion is being driven by adoption. Coinbase, Kalshi, Kraken, OKX, and others are actively building on Pyth Indices, using continuous pricing to power markets that traditional infrastructure could not support. Each new index widens what exchanges can offer their users, and each new user reinforces the case for continuous pricing as the standard for modern markets.","The suite will keep growing across asset classes, geographies, and product types.","For platforms and institutions interested in building on Pyth Indices, request access here.","Blog","Sep 7, 2026","Sep 3, 2026","Aug 18, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-24-7-indices-expansion-amazon-meta-samsung-and-more"},"/blog/rwa-perp-report-august-2026":{"version":1,"title":"RWA Perp Report: August 2026 - Blog - Pyth Network","description":"August RWA perp volume hit $751.9B, up 6.2% from July. Memory reversed, Korea paused, MRNA listed in hours — and Pyth priced 96.27% of it.","keywords":"","h1":["RWA Perp Report: August 2026"],"h2":["August: one book, several clocks","Memory equities traded in both directions","Korea sold off; perps kept trading","MRNA perps listed in hours. Depth did not.","The 24/7 reference-price problem","August in numbers","Methodology and sources"],"h3":["Asset class ranking","Venue ranking","Market-data provider ranking"],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","August RWA perp volume hit $751.9B, up 6.2% from July. Memory reversed, Korea paused, MRNA listed in hours — and Pyth priced 96.27% of it.","News","Sep 7, 2026","Cash markets do not share a clock and RWA perps don’t wait for them to agree.","August was another record month against the previous report’s published July baseline. The tracked RWA perp market generated $751.9 billion in RWA perp volume, versus $708.3 billion in July, a 6.2% increase.","The market also handled a wider range of situations. Memory equities reversed after a long run higher. Seoul paused program trading during a sharp selloff. Moderna doubled after a clinical readout. Different markets, different schedules, one place to keep trading.","The month was larger AND broader: more assets, more types of event, and more reasons to trade around the clock. Yet, still a lot of market left to build.","July was a one-way memory trade. August brought the other side of it.","The tracked memory complex — SNDK, SKHYNIX, SKHY, MU, SNXX, DRAM, and SAMSUNG — generated $327.4 billion, or 43.5% of August volume. Four of the ten most-traded assets came from the group: SNDK ranked first, SKHYNIX third, MU sixth, and SKHY tenth.","On August 4, the memory trade moved higher. SanDisk rose 8%, Micron 6%, and SK hynix 4% after the companies advanced the first Open Compute Project HBF specification. On August 18, it moved lower: Micron fell 5%, SanDisk 6%, Western Digital 7%, and SK hynix 6% as Treasury yields moved higher and investors repriced the trade.","The same group drove both the rally and the selloff and kept trading through both.","Korean exposure was not a side story. SKHYNIX ranked third, KORU ninth, and SKHY tenth. Together, they generated $117.1 billion, or 15.6% of August volume.","On August 19, the KOSPI fell nearly 6% and a Korea selloff triggered a five-minute sell-side sidecar for program trading. After the close, SK hynix announced a 40 trillion won buyback plan, and the KOSPI recovered almost all of the previous session’s loss the next day.","On August 19, Moderna and Merck reported positive Phase 3 results for their personalised mRNA cancer vaccine in melanoma. Moderna’s stock rose 176.97% in the session.","Very few venues had an MRNA market live before the result; TrueCurrent was one. A few more markets followed shortly after the news broke, including TradeXYZ.","From its August 19 listing through month-end, MRNA generated $571.6 million and ranked 69th by volume. Its first two sessions produced $213.5 million combined, representing close to 40% of its total monthly volume.","The point is access to the event, not the total volume. Traders already have venues for recurring events around the MAG7 and large technology and AI companies, especially earnings. MRNA showed how that can extend to a smaller public company when a one-off clinical result drives attention. With the right risk, and market-data systems, an exchange can make the event tradable quickly, while the news is still relevant and driving volatility.","August brought a market-structure question into focus: who produces a usable price when traditional market infrastructure is closed, paused, or has not opened yet?","Douro Labs and the Hyperliquid Policy Center brought that question into the SEC’s market-structure process, arguing that the SEC should recognize qualifying independent reference prices for onchain markets where the SIP-derived NBBO is unavailable or does not reflect onchain conditions. The standard they describe rests on direct contributors, a published methodology, transparent publishers, and checks against traditional market data.","A separate SEC comment from the Hyperliquid Policy Center and trade[XYZ] used IPOPs — cash-settled pre-IPO perpetuals with no shares, voting rights, or claim on the issuer — as an example of price discovery before a public listing. The CFTC comment process raises a related question for 24/7 futures and perpetuals in energy markets, where the underlying can keep moving after U.S. futures close.","All point to the same shift: perps are bringing questions of data provenance, instrument classification and market access into policy discussions. That is directly relevant to RWA markets. These issues are directly relevant to Pyth, whose data infrastructure is used across much of the tracked volume.","August closed at $751.9 billion in tracked volume, a 6.2% increase from the previous month.","The market is very much still equity-led with $487.3 billion or 64.8% of the total volume. Commodities followed at $152.3 billion (20.3%), then indices at $103.9 billion (13.8%) and FX at $8.3 billion (1.1%).","August showcased a reshuffle behind Binance which is head and shoulders above the rest and still growing ($385.6 billion to $437.4 billion). OKX took the 2nd spot as it held its volume above $100 billion and moved from third to second, while Hyperliquid dropped sharply from July’s second-place position to $84.6 billion in August. The RWA perp volume remained top-five concentrated with over 95% of it being traded on Binance, OKX, Hyperliquid, Bitget, and Bybit.","On the data provider and infrastructure front, Pyth remained the undisputed leader with over $715 billion in RWA perp volume secured, representing 96.27% of the total tracked RWA perp volume. One extra percentage point compared to July further solidifying Pyth Pro and Indices as the products powering 24/7 tradfi markets.","All volume, listing and provider figures are drawn from Refraction Research and the RWA Markets dashboard, built by @zinnresearch.","Volume is notional traded volume across tracked perpetual venues.","Volume priced per market data provider attributes each venue-symbol pair to its stated pricing source, weighted by volume. Pairs without a confirmed source are recorded as unverified.","Blog","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/rwa-perp-report-august-2026"},"/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar’s-4b-rwa-ecosystem":{"version":1,"title":"Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem - Blog - Pyth Network","description":"Pyth Pro and Pyth Indices are now live on Stellar, bringing low-latency, 24/7 pricing to tokenized real-world assets and DeFi applications.","keywords":"","h1":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem"],"h2":["Pyth Indices","Pyth Pro","Built for Stellar’s RWA Economy","Getting Started"],"h3":[],"h4":["Similar stories"],"h5":["Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024","The Launch of the Inaugural Pythian Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Pro and Pyth Indices are now live on Stellar, bringing low-latency, 24/7 pricing to tokenized real-world assets and DeFi applications.","Updates","Sep 8, 2026","Stellar now hosts more than $4 billion in tokenized real-world assets. Those assets move on infrastructure that stays online around the clock. The markets they represent often do not.","That creates a specific pricing problem. A tokenized asset can remain transferable onchain while the underlying cash market is closed. Applications still need a price to value collateral, manage risk, account for vaults, and support trading.","Pyth Pro and Pyth Indices are now live on Stellar. Pyth Indices extend pricing beyond the sessions of the underlying market, while Pyth Pro gives builders access to low-latency market data across asset classes.","Pyth Indices are constructed products that provide 24/7 pricing for assets whose underlying markets follow exchange hours. The catalog includes indices for Brent, natural gas, copper, and oil, alongside single-name equity indices for AAPL, NVDA, TSLA, MSTR, GOOGL, MSFT, MU, and SPCX.","On Stellar, a perpetuals market or vault can continue marking equity-linked and commodity exposure through weekends and holidays, when the cash market is closed. Collateral values, risk controls, and portfolio accounting can continue updating instead of waiting for the next session open.","For builders that need live data across asset classes, Pyth Pro offers more than 3,500 listed feeds across equities, futures, ETFs, commodities, FX, crypto, and fixed income. The live catalog includes more than 1,000 U.S. equity feeds and more than 50 commodity and metal feeds, with delivery channels supporting updates as fast as 50 milliseconds.","Feeds are sourced directly from trading firms, exchanges, market makers, and banks contributing first-party data to Pyth. Coverage follows each market’s schedule: supported U.S. equities can run 24/5, crypto runs continuously, and commodities and FX follow their respective market sessions.","Stellar’s RWA ecosystem already shows where this infrastructure matters. Centrifuge’s deRWA launch on Stellar introduced deJTRSY and deJAAA, with Blend named as a lending and borrowing partner. As tokenized funds become composable across Stellar DeFi, continuous pricing becomes an important part of the infrastructure needed to use them as collateral and build products around them.","The same data layer can support Stellar payment applications that need live FX quotes and vaults that hold diversified, multi-asset portfolios.","Access Pyth Pro and Pyth Indices through the Pyth Terminal. Browse the feed catalog, compare Pyth prices with external sources, and start a 14-day free trial.","For integration details, see the Pyth Pro documentation for Stellar","Blog","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","Mar 7, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar’s-4b-rwa-ecosystem"},"/blog/pyth-terminal-is-the-front-door-to-an-api-first-market":{"version":1,"title":"Pyth Terminal is the front door to an API-first market - Blog - Pyth Network","description":"Market data is becoming API-first. Learn how Pyth Terminal and Pyth Pro give humans and AI agents programmatic access to the price of everything. ","keywords":"","h1":["Pyth Terminal is the front door to an API-first market"],"h2":["API demand is the demand for self serve infrastructure","Market data adoption is shifting from sales led to self serve","Pyth Terminal makes evaluation fast, concrete, and credible","4) Agents change the scale, and Pyth Pro AI delivers the tooling"],"h3":[],"h4":["Similar stories"],"h5":["Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Market data is becoming API-first. Learn how Pyth Terminal and Pyth Pro give humans and AI agents programmatic access to the price of everything.","News","Sep 3, 2026","Market data is going API-first and if you can’t test it in minutes, you won’t buy it.","Finance used to sell information access as a place: a terminal. Now it is being sold as software: an API. That matters because the next generation of financial users will not all be human. AI agents will monitor markets, retrieve prices, compare scenarios, generate analysis and, where authorized, execute instructions.","They will not wait for a terminal screen. They will call a market data API. The next great investor may not have a heartbeat, but the API supporting its decisions will still need to know the price of everything.","The strongest signal in modern software is clear: buyers want to integrate, test, and ship without a sales process. In practice, an “API search” is a search for confidence: teams need to integrate quickly, validate coverage, understand update frequency, test with minimal friction, choose the right plan, and trust the data in production because that self-serve path is what turns an API from a feature into critical infrastructure.","Postman’s 2025 State of the API Report surveyed more than 5,700 developers, architects, and executives and found that 82% of organizations have adopted some level of an API first approach, 25% operate as fully API first, and 65% generate revenue from API programs. It also highlights the agent era gap: 89% of developers use generative AI, while only 24% design APIs specifically for AI agents, and 51% flag unauthorized or excessive agent calls as a top security concern.","Market data has historically been sold through contracts, bundles, and specialist processes. That model creates friction before a team can answer the only question that matters: does this data work for us.","Self service flips the sequence. Teams want to discover coverage, inspect behavior, understand the commercial model, generate credentials, and move toward integration immediately.","Pyth Terminal is built for that self serve path. It lets users explore and validate more than 3,500 feeds across crypto, equities, FX, metals, and commodities. Users can watch prices update, compare feeds, inspect publisher information, and understand coverage before committing to integration.","The Terminal is the human front door. It gives the people responsible for deploying systems a clear view of the data and the model behind it.","Agentic systems intensify the shift. AI agents can monitor dozens of markets in seconds, repeat workflows continuously, combine prices with constraints and risk models, and pass outputs into downstream applications.","When usage moves from humans to fleets of agents, the economics change. Adoption depends less on named seats and more on how deeply the API sits inside production workflows.","Pyth Pro extends Pyth into agentic workflows through the Model Context Protocol. It gives agents programmatic tools to discover feeds, retrieve latest prices, access historical prices, and request candlestick data for analysis and backtesting.","Programmable markets are the accelerant that makes the API shift inevitable. As more financial activity moves into systems that can be composed, automated, and settled by code (including tokenized real‑world assets projected to approach $19T by 2033), “getting a price” stops being an occasional, human-driven lookup and becomes a continuous machine requirement.","Every workflow, minting, lending, collateral checks, liquidation triggers, rebalancing, risk limits, NAV calculations depends on fast, reliable, programmatic access to market data. In that world, the terminal is no longer the product; it’s the onboarding layer. The real product is the API that software (and increasingly agents) can call at scale, with enough transparency and confidence to ship it into production.","Pyth Terminal helps people evaluate the data. Pyth Pro gives institutions and applications a machine-native path to the same infrastructure. Together, they point toward a financial data model built for both humans and software participants.","The next great investor may not have a heartbeat, but the API supporting its decisions will still need to know the price of everything.","Explore Pyth Terminal and get your API in seconds.","Blog","Sep 7, 2026","Sep 2, 2026","Aug 18, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-terminal-is-the-front-door-to-an-api-first-market"},"/blog/tokenized-money-needs-a-price-layer":{"version":1,"title":"Tokenized Money Needs a Price Layer - Blog - Pyth Network","description":"A short read on Celent's latest analysis, and how Pyth is already addressing what it points to.","keywords":"","h1":["Tokenized Money Needs a Price Layer"],"h2":["Tokenization is becoming an operating model","Programmable money needs programmable prices","Data distribution is becoming a strategic choice","What that looks like in practice","The next market data layer","Convergence, not replacement"],"h3":["What a new wave of independent research reveals about the next market data supply chain","This is where Pyth Pro fits into the picture."],"h4":["Similar stories"],"h5":["RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market","Pyth 24/7 Indices Expansion: Amazon, Meta, Samsung, and More","Pyth August 2026 Report: Building the Price of Everything Layer","U.S. Treasury yields and prices live on Pyth Pro","Memory Took the Market — RWA Perp Report (July 2026)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","A short read on Celent's latest analysis, and how Pyth is already addressing what it points to.","News","Sep 7, 2026","Tokenization is moving from financial market experiment to institutional infrastructure. That is the central signal running through Celent's recent research, including its report Tokenization Reaches the Real World, which examines the progress of real world asset tokenization through the lens of an asset manager, with money market funds identified as the most mature use case so far.","Read that work alongside Celent's research on tokenized money and treasury services and its study of investment data ecosystems, and a pattern emerges. The next phase of tokenization will be defined less by whether an asset can become digital, and more by what happens after it does. Treasury teams still need to manage liquidity. Asset managers still need to value portfolios. Risk systems still need current market inputs. Institutions still need data that can move across systems, venues, and jurisdictions without friction.","Put simply: tokenized money needs a price layer. This is where Pyth comes in, and it is worth walking through why.","The first wave of tokenization focused on the asset itself: how to represent a fund, a deposit, a security, or a payment instrument on programmable infrastructure. Institutional adoption depends on something broader than that.","A tokenized money market fund still needs valuation, liquidity monitoring, portfolio reporting, and risk controls. A tokenized deposit still needs to interact with foreign exchange markets, collateral systems, treasury platforms, and payment workflows. Turning an asset digital creates flexibility. Whether that flexibility produces real value depends on the financial processes wrapped around it.","That is why Celent's focus on money market funds carries weight. It places tokenization inside an existing institutional workflow, rather than treating it as a standalone technology project. The firm's related work on programmable money points in the same direction, identifying liquidity optimization, real time cash mobility, and FX risk management as the treasury opportunities that matter most, and arguing that programmable payments executed through smart contracts could become a genuinely decisive bank capability within five years.","The practical takeaway: tokenization earns its place when it improves how institutions manage money, assets, and risk, not before.","A treasury system can move money automatically. It still needs to know when and why to move it.","Picture a treasury engine that converts currencies the moment a liquidity threshold is crossed, a collateral system that rebalances when an asset's value shifts, or a payment instruction that fires when a defined set of market conditions is met. Every one of those workflows runs on a current price. Programmable money supplies the movement of value. Market data supplies the judgment that makes the movement intelligent, FX rates, interest rates, equity prices, commodity prices, and the other inputs that let software evaluate risk and act inside defined limits.","That creates a real design requirement for financial infrastructure. The data layer underneath programmable money has to be available in real time, usable across asset classes, transparent about its sources and confidence, compatible with automated systems, and available wherever the workflow actually runs, not just during the hours a traditional exchange happens to be open.","This is the connective tissue between tokenized money and market data infrastructure that often gets skipped over. The future of treasury isn't only about faster payment rails. It's about pairing programmable value with continuously available information about the markets surrounding that value. For banks, asset managers, custodians, and fintech providers, the opportunity is building systems that respond to market conditions as they change, and that requires a price layer built for software driven finance rather than adapted to it after the fact.","Celent's work on investment data ecosystems makes a related point worth sitting with: financial data is now widely treated as a strategic asset, yet firms face genuinely complex data value chains, and no single provider model suits every institution.","That reframes the question institutions should be asking. It is no longer simply which vendor sells a particular dataset. It's how data should be sourced, governed, distributed, consumed, and combined across an organization that increasingly runs on both conventional and blockchain based rails.","For decades, the market data supply chain has followed a familiar shape. Financial institutions and trading firms generate valuable market information. Intermediaries package and redistribute it through closed systems. Downstream users consume the result through separate contracts, terminals, feeds, and integrations, each one its own negotiation. That model was built for an earlier generation of financial technology, and the rise of tokenized assets, automated treasury, AI driven analysis, and always on markets is creating real demand for something different: market data that can move directly into applications, risk systems, portfolio tools, and programmable financial products, without every user rebuilding the same integration from scratch.","Pyth's model sources market data directly from institutional contributors and distributes it through a single layer across asset classes and geographies, rather than routing it through the usual chain of intermediaries. In a recent solution brief, the analyst firm Celent described Pyth's architecture as a single source of truth model built around three connected products: Pyth Pro for subscription based price access, Pyth Indices for continuous benchmark style products, and the Pyth Data Marketplace for distributing proprietary institutional datasets. Data flows in from more than 120 exchanges, market makers, and financial institutions, including familiar names like Fidelity Investments, Revolut, and Jane Street, and flows out through a single integration rather than dozens of separate ones.","Celent's assessment lands on a straightforward strategic choice facing data owners. They can keep treating distribution as a closed, downstream process, the way it has worked for decades, or they can participate in infrastructure built for broader reach, machine consumption, and programmable financial workflows. That isn't a traditional finance versus digital finance question. It's a question of whether the data supply chain is actually designed for how financial systems operate today.","The clearest evidence for this shift isn't theoretical. Celent's briefing on Pyth points to Hyperliquid as a working example: a venue that ran into the familiar limits of traditional market infrastructure, restricted trading hours, licensing constraints, fragmented data access, and used Pyth Pro alongside Pyth's HIP-3 infrastructure as the pricing layer for its real world asset markets. That gave Hyperliquid continuous, institutional grade pricing across equities, commodities, FX, metals, and digital assets through one framework, and Celent credits it with helping the venue evolve from a crypto native exchange into a genuinely 24/7 global markets platform.","It's a useful case study precisely because it isn't about crypto adopting crypto infrastructure. It's about a trading venue solving an ordinary market structure problem, continuous markets need continuous pricing, with a data layer designed for that reality from the start.","Market data infrastructure built for tokenized money needs to connect institutional quality with software native delivery. Based on where the research points, that comes down to four things.","Direct sourcing. The closer data sits to the institutions and venues actually forming prices, the clearer its provenance. Pyth's publisher model, sourcing directly from exchanges, market makers, banks, and trading firms rather than acquiring data through downstream vendor chains, is built around exactly this.","Cross asset coverage. Treasury and investment workflows rarely stay inside one market. They combine currencies, rates, equities, commodities, fixed income, funds, and derivatives in the same decision. Pyth's own network update from earlier this year reported more than 138 participating institutions and a catalog above 3,500 feeds, including nearly 1,900 equity feeds, evidence of a network expanding well beyond its crypto native roots into broader market data territory.","Continuous availability. Financial software increasingly runs across time zones and outside traditional market hours, and its data infrastructure has to keep up. This is the specific gap Pyth Indices was built to close, blending on-chain and off-chain inputs into 24/7 composite and single asset benchmarks, with early traction concentrated in commodities and equities.","Programmability. Data has to be usable by APIs, automated workflows, risk engines, financial applications, and AI systems, without forcing every user to rebuild the underlying distribution architecture themselves. On the institutional side, the Pyth Data Marketplace extends that same principle to proprietary datasets, giving institutions a way to distribute specialized data such as reference data, fixed income pricing, and economic indicators through one technical and commercial connection instead of building a separate pipe for every counterparty.","None of this reads as a wholesale replacement story, and it shouldn't. Traditional institutions still depend on decades deep historical time series to power risk and valuation models, and on established providers to support reconciliation, regulatory reporting, and integration with market infrastructure that remains only partially blockchain native. That's precisely why analysts covering Pyth's model tend to frame it as additive rather than replacement led: complementary to incumbents like Bloomberg, LSEG, ICE, SIX, and S&P Global, strongest where it can plug into new products, new customer segments, and new distribution rails, rather than displacing an established data estate overnight.","That framing matters because it's honest about where the real opportunity sits. The market data infrastructure built for tokenized money doesn't need to win by tearing out what already works. It needs to become difficult to leave out of the architecture of any institution building always on, tokenized, or agent enabled financial products, while continuing to strengthen the depth, historical coverage, and enterprise controls that regulated institutions will keep expecting as adoption grows.","Tokenized money needs prices to operate intelligently. Institutional data needs modern distribution to reach the systems that actually consume it. The next market data supply chain will be built around both, and the research increasingly suggests that build is already underway.","Want the full picture? This piece draws on an independent solution brief that Celent, a division of GlobalData, published on Pyth's data distribution model, including a deeper look at Pyth Pro, Pyth Indices, and the Pyth Data Marketplace, along with Celent's assessment of where the architecture still has room to grow.","To explore the product directly, visit Pyth Pro.","Blog","Sep 3, 2026","Sep 2, 2026","Aug 18, 2026","Aug 6, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/tokenized-money-needs-a-price-layer"},"/blog/hip-4-and-the-permissionless-era-of-outcome-markets":{"version":1,"title":"HIP-4 and the Permissionless Era of Outcome Markets - Blog - Pyth Network","description":"Learn how Hyperliquid’s HIP-4 standardizes outcome markets and why precise, time-specific market data matters for clear, reliable settlement.","keywords":"","h1":["HIP-4 and the Permissionless Era of Outcome Markets"],"h2":["What Is an Outcome Market?","Native Market Infrastructure","What Permissionless Deployment Changes","Accountability Is Part of the Design","Supporting the Deployer Layer","Why This Matters for Builders","What to Watch Next","The Takeaway"],"h3":[],"h4":["Similar stories"],"h5":["Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Learn how Hyperliquid’s HIP-4 standardizes outcome markets and why precise, time-specific market data matters for clear, reliable settlement.","Education","Sep 10, 2026","Hyperliquid's HIP-4 brings outcome markets into HyperCore and opens a new market-creation layer for builders. With permissionless deployment, deployers can create markets from validator-approved templates, specify settlement parameters within those templates, and build specialized trading experiences around them.","Prediction markets are often understood through their frontends. HIP-4 starts one layer lower. It introduces outcome contracts: fully collateralized instruments that settle within a fixed range and can represent a future event, a bounded payoff, or a binary question.","Prediction markets are one application of the primitive. The broader opportunity is a standardized way to turn defined events, thresholds, and decisions into tradable markets inside Hyperliquid's execution environment.","An outcome market pays according to what happens at settlement. In the simplest version, the market has two sides: Yes and No.","A trader who buys Yes is taking exposure to the event occurring. If the market settles Yes, the position receives the full settlement amount. If it settles No, it receives zero. The same logic works in reverse for No. The protocol represents these sides with separate tokens and settles them using a settleFraction between 0 and 1.","Prices provide a compact way to express the market's view. If Yes trades at 0.65, participants commonly read that price as an implied probability of roughly 65%, subject to liquidity, spreads, fees, and market structure.","For example, buying 100 Yes tokens at 0.65 costs 65 units of the quote token. If the event occurs, those tokens settle for 100 units. If it does not, they settle for zero. The payoff is straightforward. The important design work sits in defining the event, identifying the relevant data, and resolving the market correctly.","HIP-4 also supports questions with several possible outcomes. A question can contain named outcomes such as \"Candidate A,\" \"Candidate B,\" and \"Other.\" Exactly one named outcome settles to Yes while the others settle to No. A protocol-created fallback captures outcomes that were not listed individually.","Outcome markets run within HyperCore's trading environment, giving deployers access to protocol-level trading and settlement infrastructure. The trading API follows the same general model as spot trading, while outcome books have mechanics specific to complementary sides.","The Yes and No books for one outcome share liquidity. Buying Yes at price p is equivalent to selling No at 1-p. The protocol can therefore treat complementary orders as one merged book while presenting traders with the side they selected.","This gives builders a common foundation for market data, orderbooks, account state, and settlement. Frontends, analytics products, automated strategies, and market-making systems can build around those objects instead of recreating an entire venue stack.","Permissionless does not mean unstructured. Every deployer-created market must come from a validator-approved template.","A template fixes the shape of the market's name and description, the available sides, and the typed keywords that a deployer may fill in. A template might define a market around an underlying asset, a threshold, and an expiry time. The deployer supplies those values to create a specific market instance.","Templates also contain semantic restrictions. These restrictions define the intended meaning of the market. An instance that contradicts its template can be treated as malformed, and validators can slash the stake posted by the deployer that created it.. Validators therefore provide a reusable quality-control layer while deployers determine which valid market instances to create.","The result is a clear division of responsibilities:","Validators approve reusable market formats and enforce protocol rules.","Deployers choose which instances to create, when to list them, how to operate them, and how to settle them.","Traders and builders interact with the resulting markets through Hyperliquid's trading and data interfaces.","Market creation becomes modular. A venue can specialize in a category, a calendar, a community, or a particular trading experience while remaining inside a common protocol framework.","The deployer model comes with obligations. Active deployers must maintain the required stake. Deactivation requires that the minimum staking duration has elapsed and that the deployer has no active outcomes; the current documentation specifies a minimum duration of 183 days. Deactivation is permanent, and the deployer's venue name remains reserved.","Capacity is also bounded by per-deployer limits. Settling outcomes frees capacity for new markets, creating a rolling model for market inventory.","These constraints reflect the importance of precise specifications and timely settlement. A deployer is accountable for the markets it introduces, and validators have an enforcement mechanism when those markets are malformed or settled incorrectly.","Outcome markets need more than a matching engine. They also need reliable data inputs, clear settlement criteria, and infrastructure that can support market creation at scale.","Pyth is working with HIP-4 deployers to provide market-data and infrastructure support as this new market layer develops. For markets whose settlement criteria depend on an observable price, Pyth feeds could serve as a potential oracle input, subject to the deployer's written specification and technical integration.","Pyth provides real-time, first-party market data across a range of assets. Its oracle program combines data from multiple publishers into an aggregate price and confidence interval. Where deployers need configurable delivery, Pyth Pro offers customizable, enterprise-grade price data through standard APIs. Those characteristics give deployers market-data inputs they can evaluate when designing settlement logic, including the relevant price, time window, confidence, and staleness requirements.","As deployers explore categories beyond crypto, potential use cases include sports markets and an inference-token index. Pyth is evaluating how additional coverage and infrastructure could support those demands as HIP-4 develops.","The same principle applies across categories: price-based markets may require a market-data feed, while sports, politics, policy, and other real-world events require clearly defined authoritative sources. Pyth can support the data and infrastructure layer without imposing one resolution model on every market.","This builder-first approach builds on Pyth's work supporting market creators across Hyperliquid's market infrastructure, including HIP-3. The objective is practical: help deployers launch reliable markets, integrate the data they need, and create products that can operate beyond the first wave of crypto-native use cases.","HIP-4 turns event markets into a building block.","A team can create a market-discovery interface. A market maker can quote probability instruments alongside spot and perpetual markets. An analytics provider can track how expectations change as new information arrives. A developer can combine outcome positions with other Hyperliquid primitives in a broader trading workflow.","The opportunity is wider than prediction-market frontends. Outcome contracts can represent price thresholds, scheduled decisions, event milestones, or bounded payoffs. Their common feature is a defined resolution condition and a finite settlement range.","The standardized format also makes the ecosystem easier to inspect. Hyperliquid exposes outcome metadata, templates, deployer information, and market state through read APIs, giving builders a programmatic way to discover markets and understand how they are intended to resolve.","For data providers, this creates a new surface for supporting specialized market categories. For deployers, it creates access to infrastructure partners that can help translate a market idea into a well-defined, observable, and tradable product.","The release opens the market-creation layer. The harder question is whether it can produce durable markets.","First, liquidity will matter more than the number of markets listed. A large catalog with wide spreads and shallow books is mostly a directory.","Second, resolution quality will determine trust. Market language needs to be precise about the event, the data source, the relevant timestamp, and the treatment of edge cases.","Third, deployers will need repeatable distribution and settlement operations. The stake and lockup create accountability, while the template system creates consistency. Neither one creates traders automatically.","Fourth, data coverage will influence which categories can scale. Sports, inference-related assets, and other event markets require inputs that match their settlement rules. The strongest deployer ecosystems will connect market design, data availability, liquidity, and user experience from the beginning.","Finally, the ecosystem will reveal whether multiple venues improve specialization or fragment liquidity. That balance will shape the user experience as more deployers enter the system.","HIP-4 makes outcome markets a native Hyperliquid primitive. Permissionless deployment widens who can create those markets while templates, staking requirements, semantic restrictions, and capacity limits keep the system bounded.","The release is about more than adding prediction markets. It creates an open framework for turning real-world questions, price conditions, and bounded outcomes into tradable products.","Pyth's role in that expansion is intentionally practical: support deployers with the data and infrastructure they need as new market categories emerge. If HIP-4 becomes a durable market layer, the opportunity will extend to the teams that can make those markets clear, liquid, and reliably resolvable.","Blog","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/hip-4-and-the-permissionless-era-of-outcome-markets"},"/blog/built-for-the-next-50-billion-market-data-users":{"version":1,"title":"Built for the next 50 billion market data users - Blog - Pyth Network","description":"AI agents are becoming the next major market data users. Learn why autonomous finance needs real-time, machine-ready data.","keywords":"","h1":["Built for the next 50 billion market data users"],"h2":["The second population is already reshaping market infrastructure","Data quality becomes risk management for autonomous finance","Pyth Terminal is the evaluation layer for humans and teams","Pyth Pro delivers machine native access through MCP"],"h3":[],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider","The IPO Oracle: How Pyth Became the Standard for Same-Day Equity Feeds"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","AI agents are becoming the next major market data users. Learn why autonomous finance needs real-time, machine-ready data.","Education","Sep 9, 2026","Market data wasn’t built for machines but 50 billion AI agents could become its hungriest users.","Finance is acquiring a second population. It is made of software: AI agents that monitor markets, compare scenarios, retrieve prices, prepare analysis and, where authorized, execute instructions. These agents do not show up in headcount, yet they consume data, make decisions, and increasingly move capital.","“The next 50 billion users” is a provocation that reflects what happens when every human professional is paired with hundreds of machine counterparts.","In that world, the number of market data consumers can dwarf the number of human market participants. Infrastructure needs to scale for both humans and machines.","AI agents operate continuously, query across venues in seconds, and repeat workflows at massive scale. One analyst checks a handful of prices. An agent can monitor equities, FX, commodities, futures, and digital assets simultaneously, then recheck those markets every few seconds.","This changes what “good market data” means. Agents need machine readable outputs, API delivery, cross asset coverage, real time freshness, transparent metadata for auditing, and licensing that supports programmatic use and redistribution.","Macro signals point in the same direction. Tokenized real world assets are projected to approach **$19T by 2033.** Agentic AI is projected to grow from $5.2B in 2024 to nearly $197B by 2034. Market infrastructure has to serve both trends at once: programmable assets and autonomous decision systems.","For decades, market data products were designed for humans sitting at terminals. AI agents call APIs. They require structured responses. They query repeatedly. They merge data across markets. Their outputs can influence trades, risk limits, portfolio construction, and product pricing.","When data becomes an upstream input to thousands of automated decisions, quality issues compound. A stale price propagates. An unclear symbol becomes a confident answer about the wrong instrument. A restrictive license can block production deployment. In an agentic environment, market data is not only information. It is a control surface for risk.","Pyth Terminal is the human front door to market data before integration. Users can browse more than 3,500 feeds across crypto, equities, FX, metals, and commodities, then validate behavior in context: updates, coverage and confidence.","That matters because institutions often purchase data before they can properly test it. Terminal flips that sequence. Teams see the data first, understand coverage, and decide where it belongs across trading, risk, and product systems.","Pyth Pro connects Pyth market data to AI agents through the Model Context Protocol.","Pyth Pro AI supports agent workflows that need to discover feeds, retrieve current prices, access historical prices, and request candlesticks for analysis and backtesting. Four requirements matter for autonomous finance.","First party sourcing from institutions active in price discovery.","Cross asset coverage across thousands of feeds through a single connection.","Programmatic distribution rights designed for downstream systems to consume, process, and display data to end users within their applications and workflows.","Open delivery through MCP compatible environments so data reaches the tools where agents operate.","Explore Pyth Terminal and join the next generation of finance APIs.","Blog","Sep 10, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","Jun 3, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/built-for-the-next-50-billion-market-data-users"},"/success-stories/how-coinbase-derivatives-launches-24-7-thematic-equity-futures-with-pyth-and-marketvector":{"version":1,"title":"Coinbase: How Coinbase Derivatives Launches 24/7 Thematic Equity Futures with Pyth and MarketVector","description":"Coinbase Derivatives launches four thematic equity index futures (AI10, Defense10, China10, Tech100) built on the Pyth × MarketVector framework, bringing index-based products into 24/7 markets.","keywords":"","h1":["How Coinbase Derivatives Launches 24/7 Thematic Equity Futures with Pyth and MarketVector"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Indices","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Coinbase Derivatives launches four thematic equity index futures (AI10, Defense10, China10, Tech100) built on the Pyth × MarketVector framework, bringing index-based products into 24/7 markets.","Challenge","Demand for thematic and sector-based investment products continues to grow, but traditional benchmark construction was built for limited market hours and legacy infrastructure. Bringing benchmark-based products to market requires institutional benchmark governance, transparent methodology, and reliable pricing infrastructure. Building each of these capabilities in-house adds significant operational complexity and slows time to launch.","Solution","Coinbase Derivatives adopted the Pyth × MarketVector index framework to launch four thematic equity index futures: AI10, focused on leading publicly traded artificial intelligence companies, Defense10, offering defense and aerospace exposure, China10, providing concentrated Chinese equity exposure, and Tech100, covering a broad set of U.S. technology stocks. In this framework, MarketVector delivers index methodology design, governance, administration, and benchmark oversight, while Pyth supplies the underlying market data and continuous pricing infrastructure, enabling a new class of index-based products built for modern, always-on trading environments.","Impact","Institutional-Grade Benchmarks: Products are built using established governance and benchmark standards.","Thematic Market Access: Traders gain exposure to high-demand sectors through transparent index products.","Continuous Pricing Infrastructure: Benchmarks are supported by pricing systems designed for around-the-clock markets.","Scalable Product Expansion: Additional thematic and custom baskets can be introduced using the same framework.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-coinbase-derivatives-launches-24-7-thematic-equity-futures-with-pyth-and-marketvector"},"/success-stories/how-openyield-strengthens-us-treasury-pricing-on-pyth-pro":{"version":1,"title":"OpenYield: How OpenYield Strengthens US Treasury Pricing on Pyth Pro","description":"How OpenYield contributes firm, executable bond pricing to Pyth Pro through modern market data infrastructure.","keywords":"","h1":["How OpenYield Strengthens US Treasury Pricing on Pyth Pro"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How OpenYield contributes firm, executable bond pricing to Pyth Pro through modern market data infrastructure.","Challenge","Bond data has always trailed equities. Where public order books and standardized venues make equity pricing straightforward to distribute, fixed income remains fragmented across venues, dealers, and bilateral relationships. It is one of the largest asset classes in global finance and one of the least accessible.","For developers, trading systems, and financial applications, this creates a practical problem. High-quality bond pricing is difficult to access, difficult to integrate, and often based on indicative or evaluated data rather than firm executable quotes. The distinction matters: indicative marks are estimates, not prices a participant has committed to trade on.","Solution","OpenYield publishes bond pricing to Pyth, contributing real-time, firm, executable quotes derived from its orderbook into the network's US Treasury feeds.","As an SEC-registered Alternative Trading System, OpenYield operates an automated bond marketplace built to bring equity-like efficiency to fixed income. Its coverage spans the full US Treasury curve, thousands of corporate bonds, and tens of thousands of municipals. Publishing alongside other institutional data providers, its contribution strengthens the quality of Pyth's US Treasury pricing, with room to extend deeper into corporate and municipal markets, two areas where market data has historically been more difficult to consume through modern software systems.","Impact","OpenYield's pricing reaches Pyth Pro subscribers through a single integration, available to trading venues, financial applications, risk systems, and market data consumers.","The result is more than expanded fixed income coverage. Execution-quality inputs make the aggregate stronger, and applications reach real-time, firm bond pricing through the same infrastructure that already distributes equities, FX, commodities, futures, and crypto. Equity-like execution, and now equity-like data.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-openyield-strengthens-us-treasury-pricing-on-pyth-pro"},"/success-stories/how-hyperliquid-became-the-world-s-24-7-macro-trading-venue-with-pyth":{"version":1,"title":"Hyperliquid: How Hyperliquid Became the World's 24/7 Macro Trading Venue with Pyth","description":"Hyperliquid, a leading permissionless perpetual trading venue, leverages Pyth's HIP-3 pricing infrastructure to provide continuous, institutional-grade market data across equities, commodities, foreign exchange, and metals. This integration allows Hyperliquid to bridge the gap between traditional market hours and the \"always-on\" nature of onchain trading.","keywords":"","h1":["How Hyperliquid Became the World's 24/7 Macro Trading Venue with Pyth"],"h2":["$400B+ Processed Through HIP-3 Markets Powered by Pyth","Open Interest Has Reached New Highs","Oil Trading Demonstrates the Future of Price Discovery","Building the Future of 24/7 Markets"],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Hyperliquid, a leading permissionless perpetual trading venue, leverages Pyth's HIP-3 pricing infrastructure to provide continuous, institutional-grade market data across equities, commodities, foreign exchange, and metals. This integration allows Hyperliquid to bridge the gap between traditional market hours and the \"always-on\" nature of onchain trading.","Challenge","Traditional market infrastructure was never designed for continuous trading.","Equity exchanges close overnight. Commodity markets follow regional schedules. Data licensing agreements impose significant restrictions on redistribution and product creation.","Yet trader demand increasingly extends beyond those constraints.","When geopolitical events occur over a weekend or major macroeconomic developments emerge outside exchange hours, market participants want immediate access to risk rather than waiting for traditional venues to reopen.","For Hyperliquid, the challenge was clear:","Launch and scale non-crypto markets rapidly","Support continuous price discovery across global assets","Enable permissionless market creation","Maintain institutional-grade pricing quality","Operate without the licensing friction associated with traditional market data vendors","To achieve this, Hyperliquid required a market data layer built specifically for internet-native markets.","Solution","Hyperliquid adopted Pyth's HIP-3 infrastructure as the underlying pricing layer for its rapidly expanding suite of real-world asset markets.","Pyth provides continuous access to institutional-grade market data across equities, commodities, foreign exchange, metals, and digital assets through a unified integration.","This enables market creators on Hyperliquid to launch new perpetual products using a consistent pricing framework while maintaining the flexibility required for permissionless market innovation.","The integration supports leading HIP-3 trading venues on Hyperliquid, including Trade[XYZ], Dreamcash, MarketsXYZ, Paragon, and other ecosystem participants utilizing Pyth-powered pricing infrastructure.","By removing traditional redistribution barriers and providing a single source for cross-asset pricing, Pyth supports the scaling of market creation without introducing the complexity associated with legacy market data providers.","Impact","Hyperliquid Has Become a 24/7 Global Markets Venue","What began as a crypto-native exchange has evolved into a venue where traders can access global macro exposure around the clock.","Through HIP-3, market participants can trade commodities, equities, indices, foreign exchange products, and other real-world assets continuously, regardless of traditional market hours.","This represents a structural shift in how traders access global markets.","HIP-3 markets on Hyperliquid have now processed more than $400 billion in cumulative trading volume, highlighting the rapid growth of permissionless global markets built on institutional-grade pricing infrastructure.","The ecosystem has also attracted more than 352,000 unique traders, generated over 158 million trades, and collected more than $25 million in trading fees.","These figures demonstrate growing demand for continuous access to macroeconomic exposure and real-world asset markets.","Open interest across HIP-3 markets has grown significantly as traders increasingly utilize permissionless markets for macroeconomic exposure.","Across the broader HIP-3 ecosystem, open interest has exceeded $6 billion, while Trade[XYZ] alone currently supports more than $3.5 billion in open interest.","The result is a new category of venue that combines the accessibility of decentralized markets with levels of activity traditionally associated with established financial exchanges.","One of the clearest examples of always-on market demand occurred during heightened geopolitical tensions surrounding Iran and the Strait of Hormuz.","As oil markets reacted to rapidly changing developments, traders sought continuous access to crude oil exposure despite limitations imposed by traditional market schedules.","The event exposed a fundamental challenge for legacy financial infrastructure: traders are active around the clock, but many reference markets are not.","To address this challenge, Pyth launched the world's first 24/7 Oil Index, providing continuous crude oil price discovery derived from both institutional and onchain market sources.","The index demonstrates how market infrastructure is evolving to support always-on trading environments.","The growth of real-world asset trading on Hyperliquid signals a broader shift in global market structure.","What began as a crypto-native exchange is increasingly functioning as a round-the-clock venue for macroeconomic risk.","As traders demand access to equities, commodities, foreign exchange, and other asset classes regardless of market hours, the need for continuous pricing infrastructure becomes increasingly important.","By combining institutional market data with programmable, internet-native distribution, Pyth supports Hyperliquid in delivering the next generation of global markets.","Today, HIP-3 markets have facilitated more than $400 billion in cumulative trading volume, serve more than 352,000 traders, and Pyth powers the vast majority of market activity within Hyperliquid's HIP-3 global markets.","Together, Hyperliquid and Pyth are helping establish a new standard for financial access: markets that never close.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-hyperliquid-became-the-world-s-24-7-macro-trading-venue-with-pyth"},"/success-stories/how-dydx-powers-always-on-derivatives-with-pyth-indices":{"version":1,"title":"dYdX: How dYdX Powers Always-On Derivatives with Pyth Indices","description":"dYdX, a leading decentralized perpetual futures protocol, leverages Pyth Indices to provide continuous, institutional-grade pricing for its 24/7 markets. This integration allows dYdX to bridge the gap between traditional asset trading hours and the \"always-on\" nature of DeFi.","keywords":"","h1":["How dYdX Powers Always-On Derivatives with Pyth Indices"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Indices","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","dYdX, a leading decentralized perpetual futures protocol, leverages Pyth Indices to provide continuous, institutional-grade pricing for its 24/7 markets. This integration allows dYdX to bridge the gap between traditional asset trading hours and the \"always-on\" nature of DeFi.","Challenge","While traditional financial markets operate on fixed schedules (e.g., closing on weekends and holidays), decentralized finance (DeFi) never sleeps. For a perpetual exchange like dYdX, listing traditional assets like commodities or equities presents a major hurdle: price discovery halts when legacy venues close.","Historically, to keep these markets open 24/7, exchanges had to either:","Price assets off their own internal orderbooks, leading to potential manipulation or isolation.","Build custom, internal logic to estimate prices during \"dark\" hours, which lacks independent verification.","Solution","dYdX has integrated Pyth Indices to power its continuous trading products with reliable, multi-source reference data. By leveraging Pyth's unique model of sourcing data directly from over 120 institutional publishers, including global exchanges and market makers, dYdX can access real-time price discovery even when traditional venues are closed.","A key implementation includes:","24/7 Oil Index: dYdX is a launch partner for the Pyth 24/7 Oil Index, enabling the platform to offer perpetual contracts on oil that remain active and accurately priced through weekends and holidays.","Impact","Continuous Market Access: Traders on dYdX can manage positions and trade traditional assets like oil 24/7/365, without being tethered to NYMEX or other legacy exchange hours.","Independent Price Integrity: By using an external, multi-source index rather than an internal orderbook, dYdX ensures a transparent \"mark price\" for liquidations and funding rates, reducing platform-specific risk.","Institutional-Grade Resilience: The indices aggregate data from both onchain and offchain venues, ensuring that even during global volatility spikes, the price reflects the true market mid-rate.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-dydx-powers-always-on-derivatives-with-pyth-indices"},"/success-stories/how-polymarket-builds-trust-in-prediction-markets-with-pyth-pro":{"version":1,"title":"Polymarket: How Polymarket Builds Trust in Prediction Markets with Pyth Pro","description":"Polymarket uses Pyth Pro to provide real-time pricing in its traditional-asset prediction markets, with live data that participants can independently view and verify.","keywords":"","h1":["How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Polymarket uses Pyth Pro to provide real-time pricing in its traditional-asset prediction markets, with live data that participants can independently view and verify.","Challenge","In prediction markets, data quality is central to fair settlement and platform trust. When millions of dollars can hinge on a single price point, such as whether gold closes above or below a certain level, participants need confidence in the reliability of the resolution source and its resilience against manipulation.Traditionally, accessing high-fidelity, real-time data for equities and commodities required multiple vendor relationships and separate infrastructure across asset classes.","Solution","Polymarket integrated Pyth Pro as a data source for traditional-asset markets, including gold, silver, single-name US equities, and major ETFs such as QQQ.","Pyth data is contributed directly by first-party institutional publishers, including Jump Trading and Jane Street. Polymarket uses Pyth Pro data to provide the “price to beat” for these markets.Participants can also use the Pyth Terminal to independently view live data feeds and historical prices.","Impact","Institutional Data: Polymarket uses real-time Pyth Pro pricing contributed by institutional publishers to support its traditional-asset prediction markets.","Cross-Asset Coverage: The integration demonstrates Pyth Pro’s coverage beyond crypto, supporting prediction markets tied to commodities and mega-cap technology stocks such as TSLA and NVDA.","Continuous Visibility: Polymarket gives participants continuous visibility into the Pyth data supporting these markets through live price charts and access to historical information.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-polymarket-builds-trust-in-prediction-markets-with-pyth-pro"},"/success-stories/how-tradeweb-brings-benchmark-government-bond-pricing-to-the-pyth-data-marketplace":{"version":1,"title":"Tradeweb: How Tradeweb Brings Benchmark Government Bond Pricing to the Pyth Data Marketplace","description":"How Tradeweb uses Pyth to extend institutional fixed income pricing and the Tradeweb FTSE Benchmark Closing Prices to modern trading systems and financial applications.","keywords":"","h1":["How Tradeweb Brings Benchmark Government Bond Pricing to the Pyth Data Marketplace"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Data Marketplace","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Tradeweb uses Pyth to extend institutional fixed income pricing and the Tradeweb FTSE Benchmark Closing Prices to modern trading systems and financial applications.","Challenge","Government bond pricing is foundational to institutional finance. It supports portfolio valuation, trade-at-close execution, index calculation, risk management, and downstream financial products.","Yet benchmark government bond data has traditionally been distributed through specialized institutional channels. As more financial infrastructure becomes software-driven, institutions and applications need more efficient ways to access and integrate fixed income datasets.","Solution","Tradeweb distributes institutional fixed income pricing through the Pyth Data Marketplace, including the Tradeweb FTSE Benchmark Closing Prices for US Treasuries, UK Gilts, and European government bonds.","These prices are calculated from executable bid and offer quotes on Tradeweb’s electronic platform and administered by FTSE Russell. Through Pyth, this data can be reached by trading systems, risk engines, and financial applications using the same infrastructure that delivers real-time market data across other major asset classes.","Impact","Tradeweb’s contribution brings one of fixed income’s most important pricing datasets into a modern distribution layer.","For institutions and developers, this creates a more direct path to government bond pricing used in valuation, index workflows, trade-at-close execution, and downstream market infrastructure.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-tradeweb-brings-benchmark-government-bond-pricing-to-the-pyth-data-marketplace"},"/success-stories/how-kalshi-modernizes-commodity-resolution-with-pyth-pro":{"version":1,"title":"Kalshi: How Kalshi Modernizes Commodity Resolution with Pyth Pro","description":"How the world’s largest prediction market utilizes Pyth’s first-party data to power 24/7 contract settlement for global physical markets.","keywords":"","h1":["How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Indices","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How the world’s largest prediction market utilizes Pyth’s first-party data to power 24/7 contract settlement for global physical markets.","Challenge","Traditional commodity markets operate on legacy exchange windows that close at night and on weekends. This creates a structural mismatch for prediction markets, which trade continuously and require 24/7 resolution. For Kalshi, launching a \"Commodities Hub\" for event contracts tied to gold, crude oil, and agricultural products meant they couldn't rely on 9-to-5 data. They needed a resolution source that was as dynamic and always-on as the global economy itself.","Solution","Kalshi integrated Pyth Pro and Indices as the dedicated resolution source for its Commodities Hub. Pyth’s first-party model aggregates prices directly from firms actively trading the underlying contracts, giving Kalshi a granular, real-time view of global trading activity across gold, silver, Brent crude, natural gas, copper, corn, soybeans, and wheat.","Pyth supports Kalshi’s market makers and retail participants by providing institutional-grade pricing data for continuous contract resolution.","Impact","24/7 Market Integrity: By using Pyth, Kalshi can support accurate and transparent contract resolution at any hour of the day, including outside traditional exchange hours.","Institutional Standard: The collaboration establishes a new benchmark for prediction market infrastructure, moving away from ad hoc or manual resolution toward automated, source-driven data.","Scalable Asset Coverage: The integration provides a blueprint for Kalshi to expand beyond commodities into equities, FX, and indices, using a single, unified data layer that is already trusted by the world's largest financial institutions.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-kalshi-modernizes-commodity-resolution-with-pyth-pro"},"/success-stories/jupiter-predict-uses-pyth-pro-to-power-its-btc-and-spcx-markets":{"version":1,"title":"Jupiter Predict: Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","description":"Jupiter Predict uses Pyth Pro as the real-time pricing layer for its BTC and SPCX prediction markets, anchoring them to fresh, transparent market data as prices move.","keywords":"","h1":["Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Solana","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Jupiter Predict uses Pyth Pro as the real-time pricing layer for its BTC and SPCX prediction markets, anchoring them to fresh, transparent market data as prices move.","Supported blockchains","Challenge","Prediction markets tied to financial assets respond quickly to changing market conditions. As prices move, the inputs used to anchor those markets must remain current and transparent.","For Jupiter Predict, supporting markets tied to BTC and SPCX required a real-time pricing solution that could keep pace with market movements while providing a clear foundation for the prediction experience.","Solution","Jupiter Predict selected Pyth Pro to power its BTC and SPCX markets.","Pyth Pro provides real-time market data for fast-moving financial applications, giving Jupiter Predict fresh pricing inputs as these markets evolve.","The integration gives Jupiter Predict a unified data foundation across both BTC and SPCX, while helping keep market activity connected to transparent, continuously updated pricing.","Impact","Real-Time Pricing Inputs: Jupiter Predict uses Pyth Pro to deliver up-to-date market data for its BTC and SPCX markets as prices move.","Transparent Market Foundation: Pyth Pro helps Jupiter Predict anchor its prediction markets to clear, observable pricing inputs.","Cross-Asset Coverage: The integration supports prediction markets across crypto and traditional financial assets, including individual equities such as SPCX, through a single Pyth Pro-powered data layer.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/jupiter-predict-uses-pyth-pro-to-power-its-btc-and-spcx-markets"},"/success-stories/exploring-the-future-of-market-data-distribution-with-lmax":{"version":1,"title":"LMAX: Exploring the Future of Market Data Distribution with LMAX","description":"For more than a decade, LMAX  has challenged conventional market structure. From introducing transparent central limit order books in foreign exchange to becoming one of the first institutional crypto exchanges, the company has consistently invested in technologies that improve market access, execution, and financial infrastructure.  That same philosophy led LMAX to become the first FX exchange to contribute data to the Pyth Network. Today, LMAX continues to publish institutional market data through the Pyth Data Marketplace, supporting a new distribution model designed for software-native finance and tokenized markets.","keywords":"","h1":["Exploring the Future of Market Data Distribution with LMAX"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","For more than a decade, LMAX  has challenged conventional market structure. From introducing transparent central limit order books in foreign exchange to becoming one of the first institutional crypto exchanges, the company has consistently invested in technologies that improve market access, execution, and financial infrastructure.  That same philosophy led LMAX to become the first FX exchange to contribute data to the Pyth Network. Today, LMAX continues to publish institutional market data through the Pyth Data Marketplace, supporting a new distribution model designed for software-native finance and tokenized markets.","Challenge","Market data has become one of the fastest-growing costs across financial markets.","Institutions increasingly rely on dozens of proprietary market data feeds, multiple vendor agreements, and complex licensing models simply to access the prices required to participate in modern markets. As new digital assets, tokenized securities, and 24/7 trading environments emerge, that complexity only continues to grow.","The next generation of financial infrastructure requires a distribution model that is more accessible, scalable, and better aligned with how software consumes market data.","Solution","LMAX publishes institutional FX pricing directly through the Pyth Data Marketplace, making first-party exchange data available through a unified distribution layer alongside data from exchanges, market makers, trading venues, and financial institutions worldwide.","Rather than requiring separate integrations across multiple providers, developers and financial applications can access institutional market data through a single interface while preserving direct relationships with the original data publishers.","For LMAX, publishing through Pyth represents a natural extension of the company's long-standing focus on transparent market access and modern financial infrastructure.","Impact","As one of Pyth's earliest institutional publishers, LMAX helped demonstrate that market data could be distributed through a more open and programmable model.","Today, that same infrastructure supports hundreds of institutions, thousands of financial instruments, and an expanding network of publishers across equities, foreign exchange, commodities, crypto, futures, and fixed income.","As financial markets continue moving toward tokenization and always-on trading, LMAX sees unified market data distribution as a foundational layer for the next generation of capital markets.","If you want to learn more, check out our podcast, The Price of Everything, to find out how and why Pyth and LMAX are working together. [link]","Infrastructure","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/exploring-the-future-of-market-data-distribution-with-lmax"},"/success-stories/how-fenics-market-data-extends-institutional-otc-pricing-through-pyth":{"version":1,"title":"Fenics Market Data : How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","description":"How Fenics uses Pyth to distribute OTC pricing from one of the world’s largest interdealer broker networks to modern financial applications.","keywords":"","h1":["How Fenics Market Data Extends Institutional OTC Pricing Through Pyth"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Data Marketplace","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Fenics uses Pyth to distribute OTC pricing from one of the world’s largest interdealer broker networks to modern financial applications.","Challenge","Some of the most important price discovery in fixed income happens over the counter, where institutions trade off-exchange, often through dealer networks. That makes OTC pricing valuable but also difficult to distribute. Data often sits inside broker networks, vendor relationships, and specialized institutional channels. For applications building trading systems, valuation tools, and risk infrastructure, this creates a gap between where prices are formed and where those prices can be used.","Solution","OTC fixed income pricing doesn’t have to stay trapped in legacy distribution rails. Through the Pyth Data Marketplace, Fenics Market Data now delivers executable institutional pricing sourced from BGC Group’s global dealer-to-dealer activity into Pyth’s modern infrastructure.","Impact","A major stream of dealer-to-dealer OTC pricing is now available in rails built for continuous markets and programmable applications. Fenics’ contribution expands Pyth’s fixed income coverage and makes high-signal institutional pricing easier to integrate into modern financial software.","This is “straight from the source” applied to one of finance’s most fragmented arenas. By publishing via Pyth, Fenics helps close the gap between where OTC prices are formed and where builders can actually use them.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-fenics-market-data-extends-institutional-otc-pricing-through-pyth"},"/success-stories/how-dydx-powers-always-on-derivatives-with-pyth-indice":{"version":1,"title":"How dYdX Powers Always On Derivatives with Pyth Indices: How dYdX Powers Always On Derivatives with Pyth Indices","description":"dYdX is bringing traditional asset derivatives into always on markets with Pyth Indices.  By integrating Pyth’s continuous, multi source pricing infrastructure, dYdX can support perpetual contracts on assets such as oil even when traditional markets are closed.","keywords":"","h1":["How dYdX Powers Always On Derivatives with Pyth Indices"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Indices","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","dYdX is bringing traditional asset derivatives into always on markets with Pyth Indices.  By integrating Pyth’s continuous, multi source pricing infrastructure, dYdX can support perpetual contracts on assets such as oil even when traditional markets are closed.","Challenge","DeFi markets operate continuously. Traditional financial markets do not.","For dYdX, this creates a challenge when offering perpetual contracts tied to commodities and other real world assets. Oil markets close on weekends and holidays, while a perpetual contract remains active and still requires a reliable price for trading, liquidations, and funding calculations.","Historically, venues had two options:","Price assets from their own internal order books, increasing reliance on venue-specific pricing.","Build custom logic to estimate prices during periods when traditional markets are closed, without an independently sourced reference","dYdX needed pricing infrastructure that could keep pace with the always on nature of decentralized markets.","Solution","dYdX integrated Pyth Indices to provide continuous, multi source reference data for its trading products.","Pyth sources prices directly from more than 120 institutional publishers, including exchanges and market makers. This gives dYdX access to price discovery across onchain and offchain venues, including periods when traditional exchanges are closed.[6]","A key part of the integration is the Pyth 24/7 Oil Index. As a launch partner, dYdX can offer oil perpetuals that remain active and priced through weekends and holidays.","The result is a pricing layer designed specifically for markets that never close.","Impact","Using an external, multi-source index also gives dYdX a transparent reference price for liquidations and funding calculations.","The integration creates a repeatable model for expanding dYdX into additional traditional assets while preserving the continuous trading experience that defines decentralized markets.","With Pyth Indices, dYdX brings traditional asset exposure into a market that operates 24/7.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-dydx-powers-always-on-derivatives-with-pyth-indice"},"/success-stories/how-kraken-brings-24-7-oil-perpetuals-to-kraken-pro-with-pyth-indices":{"version":1,"title":"How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices: How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","description":"Kraken is extending access to oil markets beyond traditional exchange hours.  By integrating Pyth Indices, Kraken can support continuous pricing for oil perpetuals, giving eligible traders access to oil exposure alongside crypto, equities, and commodities through Kraken Pro.","keywords":"","h1":["How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices"],"h2":[],"h3":[],"h4":["Success Stories","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro"],"h5":[],"h6":["Indices","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Kraken is extending access to oil markets beyond traditional exchange hours.  By integrating Pyth Indices, Kraken can support continuous pricing for oil perpetuals, giving eligible traders access to oil exposure alongside crypto, equities, and commodities through Kraken Pro.","Challenge","Perpetual contracts trade continuously and have no expiry date. Oil markets, however, have traditionally operated according to defined exchange schedules.","That creates a structural gap: an oil perpetual still needs a reliable reference price during periods when traditional oil markets are closed, including weekends and holidays. Relying solely on an exchange order book or internal mark introduces a less independent pricing process and limits the ability to offer oil products around the clock.","For Kraken, continuous pricing was a prerequisite for launching oil perpetuals that match the always on experience traders expect from digital asset markets.","Solution","Kraken integrated Pyth Indices to support continuous pricing for its oil perpetuals.","Pyth Indices are 24/7 products constructed from Pyth’s price feeds. The initial offering includes WTI and Brent oil indices, alongside indices covering U.S. equities, metals, FX, and futures. Each product has a defined methodology and is designed to run continuously.","Pyth sources first party prices directly from more than 125 institutions, including trading firms, exchanges, and market makers. This allows the pricing layer to reflect market activity across venues and geographies rather than relying on the operating hours of a single traditional exchange.","As John Palmer, Global Head of Derivatives at Kraken, explained:","“Pyth Indices give us a continuous benchmark for assets where the underlying market doesn’t trade round the clock. That matters because Kraken is launching perpetual contracts on oil, and a perpetual needs a 24/7 reference price to function.”","Impact","With Pyth Indices, Kraken can offer oil perpetuals with a continuously available reference price, extending commodity market access beyond traditional trading hours.","Traders can access oil exposure alongside the crypto, equity, and commodity products already available through Kraken Pro, using an infrastructure model built for markets that operate continuously.","The integration demonstrates how exchanges can introduce new perpetual products even when the underlying asset markets follow traditional schedules. As trading becomes increasingly continuous, the pricing infrastructure behind those markets must operate the same way.","Pyth Indices gives Kraken the foundation to bring oil markets into the always on trading environment.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-kraken-brings-24-7-oil-perpetuals-to-kraken-pro-with-pyth-indices"},"/indices":{"version":1,"title":"Pyth 24/7 Indices","description":"Proprietary indices constructed from the most liquid trading venues in the world.","keywords":"","h1":["24/7 Financial Indices","Use Pyth Indices to Create New Markets","Built on a","Structural Advantage","Request Index Access."],"h2":[],"h3":["Ready to explore more?","Direct From the Source","Every Asset Class, One Framework","Trusted in Both Worlds","Kraken","MarketVector Indexes","Coinbase"],"h4":["Used by Leading Exchanges and Applications","Coinbase uses Pyth Indices to create custom baskets for their users.","Testimonials"],"h5":["Commodities","US Equities","Metals","FX","Equity Index Futures","AI10","Defense10","China10","Tech100","John Palmer","Josh Kaplan","Boris Ilyevsky"],"h6":["MarketVector Index Disclaimer","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Pyth Indices","Proprietary indices constructed from the most liquid trading venues in the world. Built for exchanges, asset managers, and fund issuers.","Request Indices Access","Explore Indices","Available now","Proprietary indices constructed from Pyth's price feeds enable 24/7 markets across asset classes. Continuous pricing across commodities, equities, metals, FX, and futures.","WTI","BRENT","PYTHOIL","NATGAS","CU","SPCX","ANTHROPIC","OPENAI","NVDA","TSLA","APPL","MSFT","GOOGL","INTC","MSTR","HOOD","CRCL","XAU","XAG","COPPER","EUR/USD","GBP/USD","USD/JPY","E-mini S&P 500","DOW","Emerging Markets","Request access","Request a custom index","The world’s biggest institutions publish first-party prices directly to the network across crypto, equities, metals, FX, and commodities. Pyth indices are constructed from those feeds, not from data repackaged through intermediaries.","Prices come directly from the trading firms and exchanges that set markets. No intermediaries. No repackaging.","Crypto, equities, metals, FX, and commodities in a single network. Cross-asset indices that fragmented competitors cannot replicate.","Pricing infrastructure for DeFi protocols onchain and centralized exchanges off-chain. Institutional presence across both venues.","Pyth Indices give us a continuous benchmark for assets where the underlying market doesn't trade round the clock. That matters because Kraken is launching perpetual contracts on oil, and a perpetual needs a 24/7 reference price to function. Oil is one of the markets active traders are watching most closely right now, and the launch lets us offer clients accurate exposure to it alongside the crypto, equity, and commodity exposure they already trade on Kraken Pro.","Global Head of Derivatives at Kraken","Extending our thematic equity expertise into 24/5 infrastructure is not simply a technical upgrade — it is a rethinking of what 'round-the-clock’ price discovery looks like. The partnership with Pyth gives us the data foundation to support reliable, near-continuous pricing, and Coinbase's perpetual futures platform is the ideal first proof of concept for what we believe will be a much broader market.","ead of Research & Investment Strategy","Institutional-grade, 24/7 markets are becoming the standard. As this shift continues, the demand for continuous pricing across equities and commodities will only accelerate. Coinbase has been at the forefront of this evolution, and our growing share of the derivatives market is a direct reflection of that commitment. Tools like Pyth Indices help fill the critical infrastructure gaps that make this next era of markets possible.","Head of Derivatives at Coinbase","Contact our institutional desk to access existing indices, discuss custom methodology, and more.","MarketVector Indexes GmbH and its affiliates are the owner or licensor of the applicable MarketVector indexes and related index data. The inclusion of MarketVector index data on the Pyth network or any Pyth platform does not constitute sponsorship, endorsement, promotion, recommendation, administration, operation, guarantee, or approval by MarketVector of Pyth, Douro Labs, any Pyth feed, any customer, any protocol, any transaction, any product, or any service using such data. MarketVector makes no representation or warranty regarding the accuracy, completeness, timeliness, availability, suitability, legality, or fitness for purpose of any MarketVector index data as used through the Pyth network, and MarketVector shall have no liability for any errors, omissions, interruptions, delays, unavailability, losses, or damages arising from or relating to such use.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/indices"},"/legal":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Legal"],"h2":[],"h3":[],"h4":[],"h5":["Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","updated","May 1, 2025","Aug 7, 2025","Mar 7, 2025","Aug 6, 2025","Mar 28, 2023","Mar 3, 2025","May 8, 2025","May 23, 2025","Jun 12, 2025","Jul 25, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/legal"},"/mediaroom/podcasts":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Why Everything Will Trade 24/7: Pyth’s Mission to Bring TradFi On-Chain"],"h2":[],"h3":[],"h4":[],"h5":["Pyth Network: Dominating DeFi with Oracle Technology and Crypto Innovation","Why Everything Will Trade 24/7: Pyth’s Mission to Bring TradFi On-Chain","From Single-Purpose to General-Purpose: Pyth's Role in the Evolution of DeFi and Real-Time Finance","Why Big Money is Moving On-Chain in 2025 (feat. Pyth Network)","Market Minds: David Mercer, CEO of LMAX","Pyth: Making The Price of Everything, Available Everywhere"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Media Room","News","Videos","Podcasts","Research","Featured Podcast","Apr 2, 2025","Listen on Smart Economy Podcast","Podcast","Building Web3 Podcast","Oct 29, 2025","Smart Economy Podcast","Jul 31, 2025","WEB3 INSIGHTS","Jul 22, 2025","Mikhail Podcast","May 28, 2025","Markets Media","May 22, 2025","The Edge Podcast","Feb 8, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/mediaroom/podcasts"},"/applications":{"version":1,"title":"Powered by the Price Layer | Pyth Network","description":"Explore how leading apps and platforms—from trading to lending—rely on Pyth for the price of everything.","keywords":"","h1":["Built with the best"],"h2":[],"h3":[],"h4":["Perpetual futures","Money markets","Real-world assets","Featured Apps","Avantis","Drift","Ethereal","Euler","Jupiter","Apps","BitMEX","Bluefin","Coinbase","Colend","Defi Tuna","dYdX","Flash Trade","Helix","Hyperliquid","Infinex","Junky Bets","Kalshi","Kamino","Mass Money","Megapot","Morpho"],"h5":[],"h6":["Prize Pool","Wallet","AI","AMM","Asset Management","Basis Trading","Borrow-Lending","CDP","CEX","DEX","Data Services","Derivatives","Options","ETFs","Gaming","Infrastructure","Blockchain","Liquid Staking","NFTs","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Applications","Explore how leading apps and platforms—from trading to lending—rely on Pyth for the price of everything.","Get started","Explore","Derivatives","Derivative contracts with no expiry date that tracks the price of an underlying asset.","Borrow-Lending","Enabling the depositing of assets to earn interest or borrow assets by providing collateral.","RWAs","Blockchain-based representations of tangible or traditional financial assets.","A universal leverage layer for FX, crypto, commodities, and more.","DEX","Solana-based perpetual futures DEX with cross-margining and high-speed execution.","Decentralized spot and perpetuals exchange built on the Ethena Network.","Modular Ethereum lending platform enabling custom lending vaults and strategies.","Solana-based DEX aggregator optimizing token swaps across multiple liquidity sources.","711+","CEX","Decentralized financial ecosystem on Sui, focusing on high-performance trading.","Decentralized protocol on Bitcoin sidechains, offering yield opportunities without impermanent loss and integrating BTCFi tools.","AMM","The first leveraged concentrated liquidity market maker on Solana.","Asset backed trading platform with zero slippage and on demand liquidity.","DEX built on Injective offering self-custody and fast, gas-free, on-chain trading.","Wallet","Multichain crypto wallet designed for seamless DeFi access.","Prize Pool","NFTs","GambleFi ecosystem on Berachain, merging betting with DeFi through NFT-driven games.","Solana DeFi protocol offering integrated lending, liquidity, and leverage services.","Asset Management","Mobile DeFi application providing access to various blockchain financial services.","The world's biggest on-chain and fully transparent jackpot.","Structured Products","Permissionless lending protocol on Ethereum and Base with peer-to-peer matching.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/applications"},"/mediaroom/news":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Scale is the Name of the Game for Pyth’s Onchain Data"],"h2":[],"h3":[],"h4":[],"h5":["Scale is the Name of the Game for Pyth’s Onchain Data","Pyth Network Brings Hong Kong Stock Prices Onchain for Global Access","Pyth Network Publishes Real-Time Prices for 100 Major ETFs","xStocksFi Joins Forces with Pyth Network to Power Real-Time Market Price Data on Tokenized Stocks","Pyth Is First to Offer Real-Time ETF Price Feeds On-Chain","Integral Is Bringing Banks' FX Data to the Blockchain in Partnership with Pyth Network"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Media Room","News","Videos","Podcasts","Research","Featured News","Apr 2, 2025","Read on Markets Media","Markets Media","Sep 5, 2025","Cointelegraph","Jul 29, 2025","Bitcoin.com","Jul 10, 2025","Blockchain Reporter","Jul 8, 2025","etf.com","Jun 10, 2025","Finance Magnates","May 8, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/mediaroom/news"},"/community":{"version":1,"title":"Community Hub | Pyth Network","description":"Join the movement revolutionizing market data by bringing every asset price to every blockchain. Become a Pythian today. ","keywords":"","h1":["Find your people, make real impact","Built by the Pythian community"],"h2":[],"h3":["Pythian World 2025: Warsaw","Pythian World 2025: Tokyo","Solana Summit APAC 2025"],"h4":["Pyth Me Up!","Pyth Dune Dashboards","Pythenians","Social channels","X","Discord","Telegram (Global)","Youtube","GitHub","LinkedIn","Instagram","Telegram (한국어)","Telegram (中文)","X (中文)","X (français)","Telegram (français)","Telegram (português)","Telegram (tiếng việt)","Reddit","Upcoming events","Events"],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","From global conferences to grassroots meetups, Pyth unites people on a game-changing mission:","making finance faster, smarter, and open to all.","Join Discord","Browse Events","Community showcase","Discover fun apps, tools, and NFT collections thoughtfully crafted by the community, for the community.","Reach out","Share your thoughts","Enter the temple. Upload your profile picture and become a Pythian.","pythmet.me","See the data for yourself. Track the Pyth Network in real-time.","dune.com/bats4","The first Pyth community takeover NFT collection.","x.com/pytheniansnft","Announcements","EN - International","Discussion","Engineering","KO-한국어","ZH-中文","FR-français","PT-português","VN-tiếng việt","Show all","Welcome to Pythian World 2025: Warsaw","​Find your people. Make real impact. From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all. Come and enjoy the night with us — love, warm, good vibe only.","Sep 5, 2025, 6:00 PM","—","Sep 5, 2025, 10:00 PM","Default location","​Find your people. Make real impact.","​From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all.","​Come and enjoy the night with us — love, warm, good vibes only.","Aug 15, 2025, 6:00 PM","Aug 15, 2025, 10:00 PM","Designed to drive forward thinking discussions and collaborations, Solana Summit APAC is a pivotal gathering for shapping the future of decentralized technologies in the a Asia-Pacific region. Solana Summit APAC 2025 is designed to unite the best of best of the Solana Community in the Asia Pacific for three days to code, connect, collaborate & conquer.","Jun 5, 2025, 12:00 AM","Jun 7, 2025, 12:00 AM","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/community"},"/publishers":{"version":1,"title":"Monetize Your Market Data. Join the Price Layer | Pyth Network","description":"Reach a global network of DeFi and TradFi applications. Publish your financial data to Pyth Network and unlock new revenue from the world’s fastest-growing markets.","keywords":"","h1":["Turn market data into revenue","Join over 120 leading institutions powering a new era of financial infrastructure.","Why publish to Pyth?","How does it work?","Who's already in?","Specialized datasets are already available through Data Marketplace","See the success stories Learn from the market leaders","Reliable. Real-time. SecureGet the edge you deserve"],"h2":[],"h3":["Wintermute","Revolut"],"h4":[],"h5":["Monetize your market data","No barriers to entry","Access new markets","Built for institutions","Share price data globally","Ecosystem rewards await you","Reach every major blockchain","Join a network of innovators","Gain market-moving insights","Build open market infrastructure","Blue Ocean","Fenics","Exchange Data International (EDI)","SGX FX","Tradeweb","OtC Markets","U.S. Department of Commerce","Kalshi","Evgeny Gaevoy","Mazen ElJundi"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","publishers","Join the growing network of institutions monetizing their existing data—securely, anonymously, and with minimal lift.","Become a Publisher","See Publishers","first-party data","Tired of market data always being an expense? Get rewarded for the data you're already producing.","benefits","The world’s largest exchanges and data brokers are selling your data back to you. It’s time to flip the script.","Let your proprietary data work for you.","Contribute data with no setup fees or capital needed.","Crypto, FX, equities, and more.","Verified reliability, performance, and security.","process","Convert existing data into active revenue streams while expanding your presence across the world's fastest-growing markets.","Integrate","Connect directly with Pyth to power leading applications worldwide.","Explore grants and integration incentives.","Access a global audience of builders, traders, and protocols.","Peers","Institutions like Cboe Global Markets, Coinbase, Revolut, and Virtu Financial are already publishing data to Pyth Network.","Explore Publishers","Partner with industry leaders shaping the future of market data.","Stay ahead with trends and catalysts that drive digital assets.","Lead the shift toward a transparent, decentralized data economy.","success stories","Request a case study to learn about the problem and the process behind solving it.","Read case study","An integration with Pyth is the natural step forward for us and it is very much in line with both our strategy and values. Our mission is to advance the decentralized world by empowering more transparent, fair, and efficient markets and products.","CEO","By working with Pyth to provide our reliable market data to applications, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need.","Global Business Head of Crypto","get started","Onboarding is fast and frictionless. No capital, no catch—just a clear path to more revenue and more reach. Join the Pyth data publisher network today.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/publishers"},"/entropy":{"version":1,"title":"Secure On-Chain Randomness | Pyth Network","description":"A next-gen VRF solution for secure, unbiased entropy—ideal for gaming, NFTs, and DeFi protocols. Integrate within minutes.","keywords":"","h1":["Provably random","Fully onchain","Uncompromising user experience","Scale Fearlessly","Provably secure","Simple integration at your fingertips","Responsive. Lightweight. Secure.Get the edge you deserve"],"h2":[],"h3":[],"h4":["Built with PYTH","Avantis","Drift","Ethereal","Euler","Jupiter"],"h5":["Low latency","Over 99.9% uptime","Cost effective","Easy to integrate","Trustless","Verifiably random","Consistently audited","Secure by design","Quick start"],"h6":["Disclaimer","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Entropy","Just because the blockchain is deterministic, doesn’t mean your app has to be. Start generating random numbers with Entropy in 5 minutes or less.","Get started","Explore Entropy","Verifiable Randomness","Deliver randomly generated outcomes at lightning-fast speeds. Entropy guarantees reliable, responsive callbacks to keep your app running.","Entropy Explorer","Request","264562","User commitment","0x72ed66002c29e","Transaction Hash","0x558b032b2acea020","Scalability","Request one random outcome or request thousands. With fast, reliable responses, Entropy always has you covered.","Lightning fast responses for a real-time experience.","Reliable, responsive callbacks to keep your app running.","Deliver the experience your users desire.","Get started instantly and focus on what's important.","Security","With built-in security guarantees, your users get randomness they can prove.","Give your users the peace of mind they deserve.","Don't trust, verify.","Provide a safe and secure user experience.","Engineered for cryptographically secure randomness.","developers","Integrating takes just a few lines of code and less than 10 minutes.","Tutorial","Guides","EVM","Explore","A universal leverage layer for FX, crypto, commodities, and more.","DEX","RWAs","Solana-based perpetual futures DEX with cross-margining and high-speed execution.","Derivatives","Decentralized spot and perpetuals exchange built on the Ethena Network.","Modular Ethereum lending platform enabling custom lending vaults and strategies.","Borrow-Lending","Solana-based DEX aggregator optimizing token swaps across multiple liquidity sources.","get started","Start building with Pyth today. Explore the docs to to harness secure, real-time randomness for your applications.","Pyth Entropy is provided on an “AS IS,” “WITH ALL FAULTS,” and “AS AVAILABLE” basis, without any warranties or representations of any kind. Please read the following important disclaimer before using it. Read disclaimer.","The Price of Everything","Price Feeds","Indices","Marketplace","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/entropy"},"/":{"version":1,"title":" The Price Layer for Global Finance | Pyth Network","description":"The financial system is fragmented. Pyth is uniting markets—giving every builder, trader, and innovator access to the price of everything, in real time.","keywords":"","h1":["The Price of Everything.","Everywhere.","Pure market data","Straight from the source","Explore price feeds like never before","All the market data you need","Right where you need it","Trusted by institutions Used by everyone","Simple integration at your fingertips","Pure. Real-time. Everywhere.Get the edge you deserve."],"h2":[],"h3":["Wintermute","Jane Street","Revolut","Flow Traders"],"h4":["Publishers","Price Feeds","Success stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Testimonials","Built with PYTH","Avantis","Drift","Ethereal","Euler","Jupiter"],"h5":["Evgeny Gaevoy","Ian McGuinn","Mazen ElJundi","Dennis Dijkstra","Price Feeds","Entropy","Quick start"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Price Feeds","Pure market data sourced directly from the best institutions and traders in the world.","Schedule demo","Learn more","first-party data","Over 120 financial institutions—including some of the world’s biggest exchanges, market makers, and trading firms—publish their data directly to the network.","Become a Publisher","138+","Explore","Live Prices","Discover the full catalogue of price feeds and technical details in the Pyth Terminal.","3059+","AAPL","/","USD","Apple Inc","AMZN","AMAZON.COM, INC.","JPY","US DOLLAR / JAPANESE YEN","XAU","GOLD / US DOLLAR","BTC","Bitcoin","ETH","Ethereum","PYTH","Pyth Network","HYPE","Hyperliquid","SOL","Solana","USDC","USD Coin","EUR","Euro","GBP","US DOLLAR / BRITISH POUND","growth","Real-time prices and market data for the assets you care about—wherever you build.","Explore the data","success stories","See how real people use Pyth to build faster, fairer, and more competitive markets—so everyone gets the true price.","Publishers","Applications","Read all","Infrastructure","An integration with Pyth is the natural step forward for us and it is very much in line with both our strategy and values. Our mission is to advance the decentralized world by empowering more transparent, fair, and efficient markets and products.","CEO","By providing our unique market data on-chain in real-time, we look forward to playing a role in the Pyth Network’s growth.","Head of Crypto Business Development","By working with Pyth to provide our reliable market data to applications, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need.","Global Business Head of Crypto","Flow Traders is hugely supportive of initiatives such as those being advanced by Pyth which not only will improve the accuracy and quality of market data but also seek to democratize this data among multiple actively contributing market participants.","developers","Integrating takes just a few lines of code and less than 10 minutes.","Introduction","Get started","Documentation","Guides","EVM","SVM","Aptos","Sui","Off-Chain","A universal leverage layer for FX, crypto, commodities, and more.","DEX","RWAs","Solana-based perpetual futures DEX with cross-margining and high-speed execution.","Derivatives","Decentralized spot and perpetuals exchange built on the Ethena Network.","Modular Ethereum lending platform enabling custom lending vaults and strategies.","Borrow-Lending","Solana-based DEX aggregator optimizing token swaps across multiple liquidity sources.","get started","Start building with Pyth today. Explore the docs or visit Insights Hub to access reliable, real-time data for your applications.","GDP %","US GROSS DOMESTIC PRODUCT RATE - CURRENT","The Price of Everything","Indices","Marketplace","Entropy","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/"},"/legal/disclaimer-for-pyth-network-express-relay":{"version":1,"title":"Disclaimer for Pyth Network Express Relay - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Disclaimer for Pyth Network Express Relay","Other documents"],"h2":["Definitions","For Searchers","For Protocols","For End Users"],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Jun 12, 2025","The Pyth Express Relay service (\"Express Relay\") is available on Pyth Network (\"Pyth\") on an \"AS IS,\" \"WITH ALL FAULTS,\" and \"AS AVAILABLE\" basis, without any warranties or representations of any kind, whether express, implied, statutory, or otherwise, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or availability.","Further information on Pyth's governance can be found at https://github.com/pyth-network/governance/blob/main/docs/constitution/pyth-dao-constitution.md.","Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth, expressly disclaim any guarantee that Express Relay will be uninterrupted, error-free, secure, or free from delays, outages, or inaccuracies in the provision of quotes for transactions.","\"Searchers\" refers to users of Express Relay who submit Quotes (as defined below) via Express Relay, which are then made available to Protocols (as defined below) for potential execution. They are responsible for managing and canceling their Quotes as needed.","\"Protocols\" refers to decentralized applications (dApps), protocols or platforms, built on their respectie blockchains, that integrate with Express Relay to receive Quotes from Searchers, validate them, and execute transactions based on the most suitable Quotes. Protocols manage the signing of transactions and ensure their correctness.","\"End Users\" refers to individuals or entities who interact with Protocols to execute transactions through the Protocol's frontend, without direct engagement with Express Relay. They depend on Protocols for accurate representation of Quotes and transaction outcomes.","\"Users\" collectively refers ****to Searchers, Protocols and End Users.","\"Quotes\" refers to proposed terms submitted by Searchers for asset swaps, represented as transaction instructions that, when executed, result in transactions on Protocols’ smart contracts, subject to verification and execution solely by Protocols and/or their underlying blockchains.","Searchers acknowledge and accept all risks associated with the use of Express Relay, including but not limited to:","Loss of funds due to vulnerabilities in smart contracts or APIs of Express Relay;","Losses from Users delaying execution of transactions until Quotes become profitable due to market movements;","Delays or failures in quote submission due to blockchain transaction latencies, network congestion, or API issues;","Security vulnerabilities in smart contracts or APIs of Protocols and/or their underlying blockchains, potentially compromising quote integrity; and","The responsibility to actively monitor and manage their Quotes, understanding that Express Relay does not guarantee profitability or execution of transactions. Quotes are provided to Protocols, which have sole discretion over selection and execution of transactions.","Protocols acknowledge and accept the following:","Express Relay provides Quotes, which are viewable and verifiable by the Protocol's frontend. It is the sole responsibility of the Protocol to validate and ensure the correctness of such Quotes before execution of any transactions; and","Protocols are responsible for implementing additional measures to mitigate risks associated with Express Relay, including but not limited to:","Verifying the transaction details to ensure they match the intended operation;","Monitoring the reliability and performance of Searchers and Express Relay;","Conducting thorough testing and validation of smart contract and frontend integrations to ensure robustness against errors, exploits, or vulnerabilities;","Implementing circuit breakers and error-handling mechanisms to manage quote disruptions, blockchain latency, or network congestion; and/or","Ensuring compliance with applicable laws, including Anti-Money-Laundering, securities, and data privacy regulations, for facilitating swaps in permitted jurisdictions.","Protocols acknowledge additional risks, including:","Interruptions in quote availability due to blockchain forks, outages, or Searcher API failures;","Security vulnerabilities in smart contracts or frontends, risking swap reliability;","Potential unavailability or discontinuation of Express Relay without prior notice; and/or","Regulatory liability for facilitating swaps in restricted jurisdictions.","While End Users may not directly interact with Express Relay, they acknowledge the following:","The accuracy of the representation of Quotes and transactions is the sole responsibility of the Protocol's frontend. Any misrepresentation or errors in the Protocol's frontend are the sole responsibility of the Protocol, not Express Relay.","End Users should be aware of the risks associated with using Protocols and should exercise due diligence before executing transactions, including reviewing Protocol terms and frontend reliability.","End-Users acknowledge additional risks, including:","Inability to execute swaps due to Searchers canceling Quotes amid adverse price movements;","Delays or failures in swap execution caused by blockchain latency, network congestion, or Protocol smart contract issues;","Security risks from Protocol smart contract or frontend vulnerabilities, potentially leading to swap failures; and/or","Unavailability of swaps in prohibited jurisdictions due to regulatory restrictions.","Neither Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth, shall be liable for any claims, liabilities, losses, costs, or damages, including direct, indirect, punitive, incidental, special, or consequential damages, arising out of or in connection with the use of or inability to use Express Relay, whether based on contract, tort, strict liability, or any other legal theory. This includes, but is not limited to, financial losses resulting from reliance on terms and functionality of services in Protocols.","Users are solely responsible for implementing additional measures to mitigate risks associated with Express Relay, including but not limited to:","Consulting the Pyth documentation (https://docs.pyth.network/express-relay) for guidance on integrating and securing Express Relay;","Monitoring the performance and reliability of the Express Relay and its associated components; and/or","Conducting regular audits and updates to ensure the security and integrity of their integrations.","By using Express Relay, Users acknowledge that they have read, understood, and agreed to this disclaimer and assume full responsibility for any risks or losses incurred.","Pyth DAO LLC reserves the right to modify or discontinue Express Relay at any time without prior notice.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/disclaimer-for-pyth-network-express-relay"},"/legal/disclaimer-for-pyth-network-sponsored-feeds":{"version":1,"title":"Disclaimer for Pyth Network Sponsored Feeds - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Disclaimer for Pyth Network Sponsored Feeds","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","May 23, 2025","The Pyth Network Sponsored Feeds (\"Sponsored Feeds\") are provided by Pyth Data Association (\"Association\") on an \"AS IS,\" \"WITH ALL FAULTS,\" and \"AS AVAILABLE\" basis, without any warranties or representations of any kind, whether express, implied, statutory, or otherwise, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or availability.","Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, and other agents expressly disclaim any guarantee that Sponsored Feeds will be uninterrupted, error-free, secure, or free from delays, outages, or inaccuracies in the provision of price data.","Users of Sponsored Feeds (collectively, “Users”) acknowledge and accept all risks associated with its use, including but not limited to:","Unavailability or discontinuation of Sponsored Feeds;","Delays in price data delivery caused by blockchain transaction latencies, network congestion, or the pull oracle mechanism;","Outages or disruptions due to blockchain forks, data provider failures, or decentralized network issues; and/or","Security vulnerabilities, including risks of data manipulation or attacks targeting Sponsored Feeds’ aggregation or verification processes.","Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, and other agents shall not be liable for any claims, liabilities, losses, costs, or damages, including direct, indirect, punitive, incidental, special, or consequential damages, arising out of or in connection with the use of or inability to use Sponsored Feeds, whether based on contract, tort, strict liability, or any other legal theory. This includes, but is not limited to, financial losses resulting from reliance on price data.","Users are solely responsible for implementing additional measures to mitigate risks associated with Sponsored Feeds, including but not limited to:","Operating and maintaining an off-chain price scheduler, as described in the Pyth documentation (https://docs.pyth.network/price-feeds/schedule-price-updates/using-scheduler), to ensure regular and automated submission of price feed updates to the blockchain at a defined frequency;","Implementing stale price checks and circuit breakers in smart contracts to handle outdated or unavailable data;","Monitoring sponsor reliability and feed performance to anticipate potential disruptions;","Conducting thorough testing and validation of smart contracts to ensure robustness against price volatility or errors; and/or","Consulting Pyth documentation (https://docs.pyth.network/) for guidance on integrating and securing Sponsored Feeds.","By using Sponsored Feeds, Users acknowledge that they have read, understood, and agreed to this disclaimer and assume full responsibility for any risks or losses incurred.","Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, and other agents reserve the right to modify or discontinue Sponsored Feeds at any time without prior notice.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/disclaimer-for-pyth-network-sponsored-feeds"},"/legal/universal-content-disclaimer-no-financial-or-professional-advice":{"version":1,"title":"Universal Content Disclaimer - No Financial or Professional Advice - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Universal Content Disclaimer - No Financial or Professional Advice","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","Jul 25, 2025","For purposes of this disclaimer, any individual accessing or engaging with content provided by or on behalf of the Pyth Data Association (“Association”), whether as a viewer, listener, reader, website visitor, subscriber, participant, or by any other means, is collectively referred to as “you” or “your”.","All content made available by or on behalf of the Association, including but not limited to podcasts, videos, blog articles, newsletters, presentations, reports, social media posts, and other written, visual, or audio materials (collectively, the “Content”), is provided solely for general informational and educational purposes.","Nothing in the Content constitutes or shall be construed as financial, investment, legal, tax, accounting, or any other form of professional advice. The Content is not intended to be, and must not be understood as, a recommendation, solicitation, invitation, or offer to buy, sell, hold, or otherwise transact in any financial instruments, securities, digital assets, or other assets. The Content is general in nature and does not take into account your individual objectives, financial situation, or particular needs.","All views and opinions expressed in the Content are those of the respective authors, speakers, contributors, or guests and do not necessarily reflect the views or official position of the Association. The participation of third parties or guest contributors does not imply endorsement of their views by the Association.","You are strongly advised to conduct your own independent research and to consult with appropriately qualified, licensed professionals before making any financial, legal, or investment decisions. Reliance on the Content is strictly at your own risk.","To the maximum extent permitted by applicable law, the Association and its officers, directors, employees, consultants, members, representatives, other agents, and all associated parties disclaim all liability for any direct or indirect loss, damage, or consequence arising from your use of, or reliance upon, the Content.","Accessing, viewing, listening to, downloading, subscribing to, or otherwise engaging with the Content does not create any advisory, fiduciary, or client relationship between you and the Association or any of its contributors.","If you are uncertain about any aspect of the Content, you should seek professional advice from a qualified expert in your jurisdiction.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/universal-content-disclaimer-no-financial-or-professional-advice"},"/legal/disclaimer-for-pyth-network-entropy":{"version":1,"title":"Disclaimer for Pyth Network Entropy - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Disclaimer for Pyth Network Entropy","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","May 8, 2025","The Pyth Network Entropy service (\"Entropy\") is available on Pyth Network (\"Pyth\") on an \"AS IS,\" \"WITH ALL FAULTS,\" and \"AS AVAILABLE\" basis, without any warranties or representations of any kind, whether express, implied, statutory, or otherwise, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or availability.","Further information on Pyth's governance can be found at https://github.com/pyth-network/governance/blob/main/docs/constitution/pyth-dao-constitution.md.","Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth expressly disclaim any guarantee that Entropy will be uninterrupted, error-free, secure, or free from delays, outages, or inaccuracies in the generation or delivery of random numbers.","Users of Entropy (collectively, “Users”) acknowledge and accept all risks associated with its use, including but not limited to:","Potential outages or unavailability due to network congestion, blockchain forks, or failures in the decentralized network of data providers;","Errors or inaccuracies in random number generation due to technical limitations, malicious attacks, or data provider failures;","Delays in random number delivery caused by blockchain transaction latencies or the commit-reveal protocol; and/or","Security vulnerabilities, including risks of manipulation or exploits targeting Entropy’s cryptographic mechanisms or verifiable delay functions (VDFS).","Neither Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth shall be liable for any claims, liabilities, losses, costs, or damages, including direct, indirect, punitive, incidental, special, or consequential damages, arising out of or in connection with the use of or inability to use Entropy, whether based on contract, tort, strict liability, or any other legal theory. This includes, but is not limited to, financial losses resulting from reliance on random numbers generated by Entropy.","Users are solely responsible for implementing additional measures to mitigate risks associated with Entropy, including but not limited to:","Deploying fallback mechanisms or alternative randomness sources to handle outages or unavailability;","Conducting thorough testing and validation of smart contracts to ensure robustness against errors or delays in random number generation;","Monitoring Entropy’s performance and implementing circuit breakers or pause functionalities in dApps to address potential inaccuracies or attacks; and/or","Consulting Pyth documentation (https://docs.pyth.network/) for guidance on integrating and securing Entropy.","By using Entropy, Users acknowledge that they have read, understood, and agreed to this disclaimer and assume full responsibility for any risks or losses incurred.","Pyth DAO LLC reserves the right to modify or discontinue Entropy at any time without prior notice.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Price Feeds","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/disclaimer-for-pyth-network-entropy"},"/legal/disclaimer-for-pyth-network-price-feeds":{"version":1,"title":"Disclaimer for Pyth Network Price Feeds - Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Disclaimer for Pyth Network Price Feeds","Other documents"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Updated","May 8, 2025","The Pyth Network Price Feeds service (\"Price Feeds\") is available on Pyth Network (\"Pyth\") on an \"AS IS,\" \"WITH ALL FAULTS,\" and \"AS AVAILABLE\" basis, without any warranties or representations of any kind, whether express, implied, statutory, or otherwise, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or availability.","Further information on Pyth's governance can be found at https://github.com/pyth-network/governance/blob/main/docs/constitution/pyth-dao-constitution.md.","Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth expressly disclaim any guarantee that PriceFeeds will be uninterrupted, error-free, secure, or free from delays, outages, or inaccuracies in the provision of price data.","Users of Price Feeds (collectively, “Users”) acknowledge and accept all risks associated with its use, including but not limited to:","Unavailability or discontinuation of Price Feeds;","Delays in price data delivery caused by blockchain transaction latencies, network congestion, or the pull oracle mechanism;","Outages or disruptions due to blockchain forks, data provider failures, or decentralized network issues; and/or","Security vulnerabilities, including risks of data manipulation or attacks targeting Price Feeds’ aggregation or verification processes.","Neither Pyth DAO LLC, Pyth Data Association, including their respective officers, directors, employees, consultants, equityholders, members, representatives, other agents, as well as contributors to Pyth shall not be liable for any claims, liabilities, losses, costs, or damages, including direct, indirect, punitive, incidental, special, or consequential damages, arising out of or in connection with the use of or inability to use Price Feeds, whether based on contract, tort, strict liability, or any other legal theory. This includes, but is not limited to, financial losses resulting from reliance on price data in DeFi applications, such as trading platforms, lending protocols, or derivatives.","Users are solely responsible for implementing additional measures to mitigate risks associated with Price Feeds, including but not limited to:","Operating and maintaining an off-chain price scheduler, as described in the Pyth documentation (https://docs.pyth.network/price-feeds/schedule-price-updates/using-scheduler), to ensure regular and automated submission of price feed updates to the blockchain at a defined frequency;","Implementing stale price checks and circuit breakers in smart contracts to handle outdated or unavailable data;","Monitoring data providers reliability and feed performance to anticipate potential disruptions;","Conducting thorough testing and validation of smart contracts to ensure robustness against price volatility or errors; and/or","Consulting Pyth documentation (https://docs.pyth.network/) for guidance on integrating and securing Price Feeds.","By using Price Feeds, Users acknowledge that they have read, understood, and agreed to this disclaimer and assume full responsibility for any risks or losses incurred.","Pyth DAO LLC reserves the right to modify or discontinue Price Feeds at any time without prior notice.","Privacy Policy","Terms of Use","Terms of Service for Pyth Network Oracle Integrity Staking","Terms and Conditions for Attendance at Pyth Events","Photography And Videography Consent","Trademark Disclaimer","Disclaimer for Pyth Network Sponsored Feeds","Disclaimer for Pyth Network Express Relay","Disclaimer for Pyth Network Entropy","Universal Content Disclaimer - No Financial or Professional Advice","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association"],"codeblock":[],"url":"/legal/disclaimer-for-pyth-network-price-feeds"},"/blog/introducing-pyth-network":{"version":1,"title":"Hello World! Welcome to the Pyth Network - Blog - Pyth Network","description":"Pyth Network: A new oracle solution built by finance & DeFi leaders, offering fast, secure data access for DeFi growth.","keywords":"","h1":["Hello World! Welcome to the Pyth Network"],"h2":[],"h3":["Why Are We Doing This?","What’s Next?"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network: A new oracle solution built by finance & DeFi leaders, offering fast, secure data access for DeFi growth.","Announcements","Apr 7, 2021","Today, we’re beyond excited to introduce the Pyth Network, a next-generation oracle solution designed to bring HiFi data to DeFi.","Pyth Network is being built by some of the biggest names in traditional finance and DeFi with the goal of providing the infrastructure for DeFi to support substantial growth in the market. This requires legally authorized access to unique data sets, sub-second update speeds, sophisticated outputs, and aggregation methods, and a thorough incentive system to ward off spurious or malicious data breaches.","1. We think DeFi likely will grow. A lot. If DeFi reaches its full potential, it could grow to multiple trillions of dollars of TVL spanning the vanguard users of today to the largest institutions. The tools to empower that exponential growth needs to be robust. The iPhone enabled an entirely new industry of companies, but there were many components that had been built over a long period of time to make the iPhone possible. At some point, there could be an iPhone moment in DeFi and we can only hope that Pyth Network will be one of the components that enable this type of innovation.","2. The oracle problem for latency-sensitive, continuous data needs to be solved. Reliable, institutional-grade market data oracles are lacking in DeFi, and we hope to fill that gap. There are many idiosyncrasies with this type of data that require a special type of oracle solution. Existing solutions focus on harnessing the wisdom of crowds to source data. We admire and encourage those projects and think that Pyth Network will be complementary.","3. Pyth quoters have troves of data. Over the years, data has become a big business, typically owned by one or a few centralized providers of data. Pyth Network has attracted some of the largest traders and exchanges who have lots of data, but for whom selling data is not a primary business. Using the power of decentralization, we hope to pool that unharnessed data and create alternative sources of high-quality composite market data.","4. We believe in fair and transparent markets governed by users. Blockchains are unique in the transparency they provide with mechanisms for decision-making by users in a fair and transparent way. Pyth Network is designed to be open and accessible. There will be roles for all interested and motivated participants from providing and consuming data, to securing that data or helping determine which data to source. By enabling a diverse ecosystem of participants, we think Pyth Network will continue to innovate and strive to provide the market with the tools it needs.","This is our hello world moment. Over the next two weeks, we plan to roll out a beta version available for testing. We encourage you to get in touch if you are building something that could benefit from a fast and reliable oracle for financial market data. We also encourage you to get in touch if you have the legal right to publish a unique data set of latency-sensitive data.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pyth-network"},"/blog/pyth-and-the-hackathon-2021":{"version":1,"title":"Pyth and the Hackathon | May 2021 - Blog - Pyth Network","description":"Pyth Network delivers high-fidelity, real-time financial data for DeFi. A new oracle solution gaining strong support and focused on latency.","keywords":"","h1":["Pyth and the Hackathon | May 2021"],"h2":[],"h3":["Our Participation in the Hackathon: The Pyth Prize!","The Excitement Doesn’t End There"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network delivers high-fidelity, real-time financial data for DeFi. A new oracle solution gaining strong support and focused on latency.","Events","May 14, 2021","It’s been a little more than a month since Pyth Network made its appearance.","That same day, we announced our goal of creating a next generation oracle solution that will bring high fidelity, fully streaming financial data to DeFi.","The outpour of excitement and optimism for Pyth has been overwhelming. Thank you everyone for your support and patience.","Pyth Network is a new and specialized oracle solution for latency-sensitive financial data that is typically guarded behind the “walled gardens’’ of centralized institutions. Pyth is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely. These features are made possible thanks to Solana’s ultra-low costs, our aggregation methodology based on formal likelihood methods, and our data partners who can provide institutional-quality crypto and tradfi data. We envision Pyth becoming a key driver behind DeFi’s global adoption and complementary to current oracle solutions.","The community has been eager to test our oracle solution and take a deeper dive into Pyth’s technology. We’re also excited to reveal what’s under the hood.","In this spirit, we are delighted to announce that Pyth Network will be taking part in the upcoming Solana Season Hackathon.","We see the Hackathon as an incredible opportunity to showcase what we and others are building, interact with dev teams, show them how to integrate with our oracle network, as well as collect valuable feedback from the community and other projects.","As many of you know, the Solana Season Hackathon will run from May 15 to June 7 and will feature keynote events and project-led workshops for developers and technically-savvy supporters.","We look forward to seeing you at our very own workshop on Thursday, May 20, 6pm PST.","In addition, we have also decided to shake things up and help bolster further innovation within the Serum and Solana ecosystems by offering a $25,000 reward for the best hackathon project integration with Pyth Network.","Last but not least, we invite all hackathon participants who are interested in integrating with an oracle solution to reach out to us!","We’ve opened up the GitHub for you to begin to integrate Pyth into your wildest creations.","The Pyth Network Discord server is set up to accommodate developers. The admins there will be ready to answer any questions, including questions about learning resources and how to get in further touch with dev teams. We look forward to providing documentation with clear integration examples and discussing potential synergies with interested teams!","We are drawing back the enigmatic curtains through our website to give visitors a peek into Pyth Network capabilities. If you check out our markets page, for example, you’ll see live devnet pricing action coming directly from the Solana network.","You might also stumble onto another value called confidence intervals on our new site. Confidence is an aggregated computation of designed to estimate how far the aggregate price might be from the “true price.” Confidence reflects a combination of the stated uncertainty of individual quoters and how well individual quoters agree with each other.","We can’t wait to show you what’s next in our pipeline. The support and positivity we have received up to this point has been incredible.","We will keep everyone updated on our progress and new events as they emerge. And as always, we encourage you to get in touch if you are building something that could benefit from a fast and reliable oracle for financial market data or if you have the legal right to publish a unique set of latency sensitive data.","Happy Hacking.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-and-the-hackathon-2021"},"/blog/pyth-ecosystem-roles":{"version":1,"title":"Building a Sustainable Oracle Ecosystem - Blog - Pyth Network","description":"Early web companies mirrored traditional businesses. Now, businesses adapt to internet-first models, like blockchain suggests.","keywords":"","h1":["Building a Sustainable Oracle Ecosystem"],"h2":[],"h3":["Data Providers (Publishers)","Users (Consumers)"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Early web companies mirrored traditional businesses. Now, businesses adapt to internet-first models, like blockchain suggests.","Research","Apr 20, 2021","At the dawn of the internet, it took a while for people to get comfortable with trusting internet companies to do the things that non-internet companies did. First-generation internet companies generally took their traditional business models and ported them online: many magazine websites, for example, were initially just PDFs of the magazine itself. Over time, attitudes changed and companies today optimize for internet-first business models.","People like to use the analogy that blockchain will turn some of the biggest internet companies into protocols and outsource their roles to incentivize market participants. We tend to agree. Over time, orthogonal protocol-first ways of doing things will probably become the norm, but for now, there is a focus on getting people comfortable with trusting protocols to do the things that internet companies did.","Amazon started out with an ambitious but focused objective: to become the biggest bookseller in the world by offering unbeatable low prices and unparalleled service. This required immense innovation. Amazon needed to break the mold of traditional supply chains and find new, alternative sources to be able to offer books at lower prices, as well as to constantly refine their logistics to earn consumers’ trust.","Being a big, low-priced bookseller was hardly something new: there were specialists like Barnes & Nobles, Borders, and Waldenbooks who competed for scale. Some of them also had fledgling internet offerings, and there were even websites that aggregated and compared prices across various online stores. Amazon continued to strive for greater efficiency while relentlessly bringing down costs and delivery times for their customers, creating a superior buying experience. They pushed the boundaries for shipping speeds, more generous return policies, and even competitive price pressure by showing competing stores within their own marketplace, encouraging new and different entrants to the bookselling and producing business.","As we all know, after Amazon became the biggest bookseller, they were able to expand to other products, and the expertise and customer-centric focus they developed continued to serve them well.","Pyth Network is focused on bringing trustworthy, continuous, streaming financial market data on-chain in a highly efficient and elegant way.","We think this is an ambitious goal because financial market data is sufficiently unique: there are very few available sources, and those sources have very tightly controlled distributions. Furthermore, the challenge in combining such latency-sensitive data in a way that reduces the likelihood of errors is critically important to the growth of the blockchain industry, especially given how dependent many blockchain applications are on the accuracy of this type of data.","In our previous blog post, we explained how confidence intervals allow for more sophisticated real-time aggregation possibilities. In a future post, we will discuss additional mechanisms used to further secure data. This post outlines the various decentralized ecosystem roles:","Data providers are data owners that have legal access to distribute unique data sets.","There are two important categories: data owners that have not historically operated in the data distribution space, and primary data sources. The former can provide the network a new and cheaper way to source data. The latter helps avoid the latency cost of hops and allows for the most expedient way to get data on-chain.","Data providers will be incentivized to stake and publish correct data and earn fees and rewards for doing so. Likewise, if they publish incorrect data, they will see that stake slashed.","DeFi and CeFi applications use the data. The data could be used to secure a blockchain-based application or simply for informational purposes.","Applications that use the data to secure their value locked will be incentivized to pay fees to further secure the accuracy of that data.","EDIT: January 31, 2024: The article has been edited to reflect the details of the newest whitepaper.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-ecosystem-roles"},"/blog/pyth-network-wants-to-go-fast":{"version":1,"title":"Why Oracle Latency and Speed Matters - Blog - Pyth Network","description":"The Pyth Network prioritizes fast oracles, advocating for TWAPs and robust aggregation to bypass oracles’ speed limitations.","keywords":"","h1":["Why Oracle Latency and Speed Matters"],"h2":[],"h3":["What is the Price?"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The Pyth Network prioritizes fast oracles, advocating for TWAPs and robust aggregation to bypass oracles’ speed limitations.","Research","Apr 12, 2021","The Pyth Network wants to go fast! Oracle attack vectors have received a lot of thoughtful treatments, probably none more so then Samczsun’s take.","In closing, he prudently advises the use of TWAPs and more robust aggregation. The tradeoff with TWAPs, of course, is the lack of responsiveness that is well acknowledged in the article. The bleeding edge of financial applications requires fast oracles, however, which means not only quick updates but also no speed bumps along the way. This is why the Pyth Network focuses on highly robust aggregation.","A very common oracle manipulation attack looks something like this:","Attacker executes a small trade on an illiquid reference product.","Oracles observe the dramatic price movement and report it on chain.","Applications on chain allow for a trade on that asset against a much thicker pool of liquidity in the other direction.","Profit.","To dig into this a little bit further, one may ask a more philosophical question — what is the price? Your classic economics textbook will tell you that the market price is where demand meets supply or buyers meet sellers, and there are a bunch of briefly mentioned embedded assumptions around perfect information and access. In reality, however, there are generally a number of markets and there is often asymmetry in both access and information.","Bitcoin, for example, trades on hundreds of exchanges to varying degrees. This includes practically every jurisdiction in the world, and unlike on a public blockchain, there’s walled access in almost every dimension. Would it be fair to say that the price of Bitcoin is the price at which a trade cleared on localbitcoins? Would it be fair to say it’s the price on a major exchange like Bittrex? Would it make sense to say it’s the price on Coinbase or Binance?","You’re probably getting closer to a 'yes' as you move down that list of questions and hopefully that highlights the point: There are varying degrees of certainty in a price. Because this concept has a lot of relevance to applications consuming prices, the Pyth Network introduces confidence intervals.","Let’s take Compound as a classic example. Say instead of an absolute price, Compound received from its oracle a price with a confidence band, more concretely BTCUSD = $58,462 ± $10. Now if this price is set to trigger a big liquidation, with a small error band (1.7bps), the protocol could feel more comfortable taking action. On the other hand, say the oracle reports $20,000 ± $40,000 due to an incident similar to this where there’s extreme market action and not much liquidity present to support the price, the protocol could afford to loosen the grip on the trigger.","Going back to the general oracle manipulation attack described above, oracle publishers can acknowledge the low liquidity environment on the traded venue and choose to adjust their confidence accordingly. Applications using Pyth Network prices can use this extra information with a great deal of flexibility.","Synthetic asset platforms, for example, could choose to scale liquidity at a price with the confidence reported rather than allow infinite liquidity for mints/redeems on every price. Markets that allow for leverage, could lower the amount of margin available at a given update with a low confidence price and be more conservative with liquidations. AMMs that leverage oracles to help prevent impermanent loss could widen their spread. The list goes on and smart application developers and protocol thinkers can develop many interesting and intelligent use of this critical additional information.","Pyth Network assimilates the prices and confidence intervals published by its high-quality data providers and attempts to use formal likelihood methods to produce a fair representative price that incorporates all the information it has received. In addition to the price and confidence, the network can include historical quality, potential stake at risk, and other useful pieces of information.","This is one of the many reasons why Solana made sense as a home base for the Pyth Network. Solana is the only chain that allows for the compute bandwidth to apply heavy processing on the data to create much smarter outputs. Not only that, but it allows the network to be fast.","Who says you can't have better latency and more bandwidth?","Part 2 of this blog post will go into more detail and provide a more technical treatment of the aggregation methodology that incorporates confidence across several publishers to publish a final price with its own confidence.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-wants-to-go-fast"},"/blog/new-pyth-data-provider-gts":{"version":1,"title":"New Pyth Data Provider: GTS - Blog - Pyth Network","description":"GTS, a leading NYSE electronic market maker, is now providing institutional data to Pyth’s oracle network solution. ","keywords":"","h1":["New Pyth Data Provider: GTS"],"h2":["Who is GTS?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","GTS, a leading NYSE electronic market maker, is now providing institutional data to Pyth’s oracle network solution.","Data Providers","Jun 4, 2021","We are excited to announce that GTS, one of the leading global electronic market makers on the NYSE, is joining Pyth as an institutional data provider in our oracle network solution.","Designated Market Maker (DMM) on NYSE, highest regulated exchange in the world","Recognized global leader in sophisticated asset pricing and risk transfers","Trades approximately 50,000 financial instruments across multiple asset classes globally","Leveraging newest AI systems and sophisticated pricing models to bring efficiency and transparency to markets","As leading DMM at NYSE since 2016, responsible for nearly $13 trillion of market capitalization across more than 1,100 public companies","Accounts for 3–5% of daily cash equities volume in the US","Proprietary systems trade as much as a billion shares of US equities per day","Retail and ETF market making business touches virtually every US trading household","GTS is ready to provide real-time equities and FX market data for the Pyth Network. Our partnership is an important step and brings Pyth closer to bringing real world financial data, including stocks, bonds, futures, FX, and commodities on-chain with secure aggregation and sub-second latency for continuous streaming.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Learn more about GTS","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-gts"},"/blog/roadmap-2021":{"version":1,"title":"Pyth Network Roadmap | 2021 - Blog - Pyth Network","description":"Network expanding with key data updates: US Equities, Crypto, price confidence intervals & market signals. More milestones coming soon.","keywords":"","h1":["Pyth Network Roadmap | 2021"],"h2":[],"h3":["Phase 1: In Progress","Phase 2: Upcoming","Phase 3: Upcoming"],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Network expanding with key data updates: US Equities, Crypto, price confidence intervals & market signals. More milestones coming soon.","Announcements","Apr 27, 2021","We’re thrilled with the community excitement and response and wanted to share some insights on some key focus areas for the network. We plan to update this page with additional information and milestones as they become available.","Launch initial symbols to cover difficult to source off-chain data, as well as easy to compare on-chain data.","US Equities, Crypto","Price + Confidence interval","Market status signals","TWAPs","Advanced aggregation combination methods","Work with companies that have access to unique data sources and desire to bring the data on-chain.","Jump","GTS","LMAX","Serum","Virtu","BSX","Genesis","To be announced","Broadcast raw data to Solana, and distribute to other L1s and L2s.","Solana","Ethereum","Luna","Work with a small group of dApps across all available L1s and L2s.","Work with strategic defi ecosystems.","Launch website.","Version 0.1","Launch community channels.","Discord","Telegram","Twitter","Medium","Youtube","Increase data set coverage.","Futures and FX","Expand TWAPs and add volatility and other data metrics","Increase data providers.","Increase integrations.","Increase supported Layer 1s.","Launch full website.","Documentation portal","Launch staking, rewards, & curation functionality.","International equities and futures","Introduce on-chain random numbers.","Introduce fees and slashing.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/roadmap-2021"},"/blog/what-is-confidence":{"version":1,"title":"Confidence Intervals for Market Data Oracles - Blog - Pyth Network","description":"Market data includes price plus uncertainty estimates. Confidence reflects bid/ask spreads or expected trade locations, varying by market structure.","keywords":"","h1":["Confidence Intervals for Market Data Oracles"],"h2":["Measurement Uncertainty","Why Do Measurement Uncertainties Matter?"],"h3":["US Equities","FX Markets","Crypto Markets"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Market data includes price plus uncertainty estimates. Confidence reflects bid/ask spreads or expected trade locations, varying by market structure.","Research","Jun 21, 2021","In different markets, uncertainties will vary due to market structure.","Pyth data providers stream a price along with the confidence (uncertainty) that they estimate using information available to them.","For example, a data provider focused on a particular market could represent confidence as the bid / ask spread on that venue.","Alternatively, focused on multiple venues, a data provider could represent confidence as a function of where they expect trades to occur.","In scientific and engineering fields, an observation or measurement is almost always accompanied by a measurement uncertainty.","The distance between two points might be measured to be 10.12m ± 0.01m. The time it took for a car to travel that distance might be measured to be 1.23s ± 0.05s. The measurement uncertainty is the observer’s best estimate of how far off from the “true” value their measurement is likely to be, given the precision of their measuring equipment, the difficulty in making the measurement, and potentially other factors the observer deems important.","1. They indicate how much precision or uncertainty there is in a single observation.","2. They allow one to combine multiple independent observations of the same thing in a more “optimal” way, giving more weight to observations with smaller uncertainty and less weight to observations with greater uncertainty.","3. When measurements are combined to make derived quantities (distance and time measurements in the example above combined to derive a speed estimate, for example), uncertainties in the raw measured values can be propagated to make uncertainties in the derived quantities (speed estimate in this example would be 8.2 ± 0.3 m/s).","4. Independent measurements of the same thing that do not agree with each other to within their respective uncertainties are an indication of a problem with one or more of the measurements.","Market participants are typically not accustomed to thinking about measurement uncertainty when it comes to price in financial markets, but the concept can easily be extended there.","Multiple data providers on the Pyth network are reporting a measurement of the price of an asset. Each of them is considering different data sources (which they are legally entitled to use for these purposes), and reporting at most once per Solana slot (~400ms) and asynchronously (so quoter A and quoter B might report prices they observed 200ms apart from each other in the same Solana slot).","Let’s look at some examples of different kinds of markets and what kind of uncertainties different quoters might report.","Consider a single stock (say TSLA) at a single stock market. “What is the price of TSLA?” is a seemingly simple question, but there are subtleties even here. At any given moment in time, there is no “one price” for TSLA. There is the best bid price (the price you could currently sell TSLA at) and the best ask price (the price you could currently buy TSLA at). They are typically close together, but the difference between them (the so-called bid-ask spread) could certainly be viewed as an uncertainty of what the “price” of TSLA currently is, with the midpoint (halfway between the best bid and best ask) being an estimate of the price itself.","Another “price” that could be considered the proper price are actual transaction prices. “Last traded price” is a price that is often reported, and especially in a thinly traded stock, might be even more representative of the true price than the current best bid and best ask prices (where the bid-ask spread might be very wide).","Many people don’t realize that the US stock market includes 13 different exchanges (such as NYSE, Nasdaq, BATS, IEX, and BSX) and a larger number of alternative trading venues. An individual stock like TSLA might be “listed” on Nasdaq, but it trades on all of these different venues. Each exchange has its own order book where buy and sell orders are placed, and trades can take place on any of them. US regulations (Reg NMS) prohibit display of locking or crossing orders (an order that would immediately match against an equal or better priced order at another trading venue). This generally keeps the various exchanges from having differing prices, though some of the smaller exchanges will often have a wider bid-ask spread than the larger more liquid exchanges.","Price and Uncertainty by Pyth Data Providers","Suppose quoter A exclusively uses data from one of the US exchanges, and they are basing their Pyth quote on the order book of that exchange. They may well decide that their best estimate of TSLA price is the midpoint of that exchange’s bid and ask price, with an uncertainty of half the bid-ask spread. If the best bid on that exchange was $10.25 and the best ask was $10.35, they would report TSLA price as $10.30 ± $0.05.","Suppose quoter B is using data exclusively from a different exchange, where TSLA is more heavily traded and the bid-ask spread is narrower. If that bid was $10.26 and that best ask was $10.28, they would report the TSLA price as $10.27 ± $0.01.","Suppose quoter C is a proprietary trading firm that actively trades TSLA on many different trading venues. They might be constructing their estimate of TSLA price based on the prices of their own trades at all venues. For example, they may be buying at a price of $10.27 on exchange D (who is not a quoter) and selling at a price of $10.265 (via hidden midpoint orders on a dark pool that is also not a quoter) and report a TSLA price of $10.2675 ± $0.0025.","Suppose quoter D is also a proprietary trading firm, but they are not as active in TSLA. If their last trade in TSLA was 15s ago at a price of $10.19, they might take their estimate of TSLA’s price volatility and increase their quote’s uncertainty like the sqrt of time since their last trade (treating price like a random walk). They might report a TSLA price of $10.19 ± 0.03.","All of these examples show how individual quoters might derive both a price and an uncertainty from the particular data that they have access to in the case of US equities. You will notice as well that the quotes are all consistent with each other (i.e. the difference between quotes is not big compared to the uncertainties of the quotes). The Pyth aggregation algorithm combines these quotes on-chain and gives more weight to the quotes with smaller uncertainties.","Unlike US equity markets (which are “all to all markets” meaning that everyone’s orders can match with everyone else’s orders and there is at least a single notion of “best price”), many FX markets are bilateral or multilateral markets, where participants can specify which counterparties they are willing to trade with (or which ones they are not willing to trade with). This results in an even more complex “fragmented market” where there is not an accepted measurement of “best price”.","Unlike the highly regulated US equity market, global crypto markets are not required to route orders to better priced markets. Different exchanges can and do “cross” each other often, with the best bid price on exchange A being higher than the best ask price on exchange B.","Furthermore, because trading fees can be quite significant, these price differences can and do persist for substantial periods of time, because they cannot be arbitraged away due to the high fees. If Bitcoin is trading (bid, ask) at (30,000.00, 30,000.05) on market A, but simultaneously (and for an extended period) trading 1.5 bps higher on market B with a (bid, ask) at (30,005.00, 30,005.05), then what is “the price of Bitcoin”? In a very real sense, there is a ~$5 uncertainty in the price of Bitcoin, because it is trading simultaneously at two different exchanges at prices that are $5 apart from each other!","Suppose quoter A was just looking at market A. They might report 30,000.025 ± 0.025.","Suppose quoter B was just looking at market B. They might report 30,005.025 ± 0.025.","Suppose quoter C was looking at both books. They might report 30,002.5 ± 2.5, taking the midpoint between the two markets as their estimate of the price, half the spread between the two markets as the uncertainty.","Note in this case that the three quoters are no longer consistent with each other. Quoter A and Quoter B’s prices differ by 5, while each claiming an uncertainty of 0.025 (a 200 sigma difference). The Pyth aggregation algorithm will automatically combine these quotes differently than in the US equity case, resulting in an aggregate quote uncertainty that reflects this inconsistency.","As an extreme example of price “uncertainty” in crypto markets, consider the price of ETC when it became difficult to transfer as a result of so-called 51% attacks. In response to the attacks, many exchanges dramatically increased the number of blockchain confirmations required before they would credit ETC deposits to trader’s accounts. This meant that it took weeks to move ETC between exchanges, effectively making arbitrage of the price differences between exchanges impossible. It was not uncommon to see prices that were as much as 10% different from each other for days or weeks at a time. In such a situation, the notion of price uncertainty becomes painfully apparent.","Beyond this dramatic ETC example, smaller magnitude and shorter duration price dislocations between venues are quite common in the crypto space, for example when exchanges have to halt withdrawal or deposits of a particular coin for a reason like a wallet upgrade, or moving inventory out of cold storage. The Pyth Network empowers data consumers by continuously publishing a consolidated estimate of these important dislocations.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-is-confidence"},"/blog/new-pyth-data-provider-lmax":{"version":1,"title":"New Pyth Data Provider: LMAX Group - Blog - Pyth Network","description":"LMAX Group joins Pyth Network to provide institutional-grade market data for DeFi, furthering access to FX and crypto trading.","keywords":"","h1":["New Pyth Data Provider: LMAX Group"],"h2":["Who is LMAX Group?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","LMAX Group joins Pyth Network to provide institutional-grade market data for DeFi, furthering access to FX and crypto trading.","Data Providers","Jun 22, 2021","We are proud to announce that LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, is participating in the Pyth Network to deliver institutional grade market data to the DeFi ecosystem.","LMAX Group is the leading independent operator of institutional execution venues for FX and crypto currency trading","The Group’s portfolio includes LMAX Exchange (institutional FX exchange and FCA regulated MTF), LMAX Global (FCA and CySec regulated brokers) and LMAX Digital (GFSC regulated institutional spot crypto currency exchange)","Servicing funds, banks, asset managers and retail brokerages, LMAX Group builds and runs its own high performance, ultra-low latency global exchange infrastructure which includes matching engines in London, New York and Tokyo","Global client base spanning 100 countries and 9 offices worldwide","Average daily volumes across the group’s exchanges exceed $30 billion (including over $2 billion/day in spot crypto assets)","Best -in-class, streaming, real time market data","Widely recognised for industry innovation and proprietary high performance, low latency exchange infrastructure","Processing capacity (orders/sec): 800,000 peak, 100,000 sustained","Superior exchange performance: uptime 100%","LMAX Group will directly publish its FX and cryptocurrency data to the Pyth Network. This partnership will bolster Pyth in its quest to provide real world financial data on-chain, including stocks, bonds, futures, FX, and commodities with secure aggregation and sub-second latency for continuous streaming.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about LMAX","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter,. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-lmax"},"/blog/new-pyth-data-provider-virtu-financial":{"version":1,"title":"New Pyth Data Provider: Virtu Financial - Blog - Pyth Network","description":"Virtu Financial joins Pyth Network to provide institutional-grade market data, boosting DeFi with their expertise in trading services.","keywords":"","h1":["New Pyth Data Provider: Virtu Financial"],"h2":["Who is Virtu Financial?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Virtu Financial joins Pyth Network to provide institutional-grade market data, boosting DeFi with their expertise in trading services.","Data Providers","Jun 24, 2021","We are honoured to announce that Virtu Financial, one of the worldwide leaders in trading and execution services, is joining Pyth Network to deliver institutional grade market data to power the world of DeFi.","Recognized global leader in market making and execution services","Publicly listed market makers on the NASDAQ (Ticker: VIRT)","Robust product suite with offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology","Integrated, multi-asset analytics platform provides a range of pre and post-trade services, data products and compliance tools","Provides liquidity for over 25,000 securities, spread over 235 venues and 50+ countries","Handles ~30% of market orders placed by retail investors in the US","Accounted for nearly 10% of the total US stock trading volume in December 2020","Leading designated market maker (DMM) for the Evolve Bitcoin ETF (EBIT) since February 2021, gathering up to $80 million in AUM","Virtu Financial will contribute its unique financial market data across equities, FX, and cryptocurrencies to Pyth Network. We welcome Virtu to our roster of data providers in our journey towards establishing a network and marketplace of real world, high fidelity financial data to power dApps.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Virtu","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-virtu-financial"},"/blog/new-pyth-data-provider-genesis-global-trading":{"version":1,"title":"New Pyth Data Provider: Genesis Global Trading - Blog - Pyth Network","description":"Genesis Global Trading, a leading digital currency broker, joins Pyth Network to provide market data, boosting decentralized finance growth.","keywords":"","h1":["New Pyth Data Provider: Genesis Global Trading"],"h2":["Who is Genesis Global Trading?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Genesis Global Trading, a leading digital currency broker, joins Pyth Network to provide market data, boosting decentralized finance growth.","Data Providers","Jun 30, 2021","We are excited to announce that Genesis Global Trading, an industry pioneer and leader in over-the-counter digital currency trading, is joining the Pyth Network to deliver its proprietary, valuable market data to help accelerate the growth of decentralized finance.","Registered broker-dealer and worldwide leader and established partner in over-the-counter digital currency trading","Genesis is a global leader in institutional digital asset markets and a full-service digital currency prime brokerage","Genesis offers sophisticated market participants a fully integrated platform to trade borrow, lend, and custody digital assets","Built on the only global over-the-counter trading firm for digital assets registered with the SEC and FINRA","Launched the first US OTC bitcoin trading desk in 2013","Facilitates billions of dollars on a monthly basis in digital currency trades, loans, and transactions","Originated $1.1 billion in loans and borrows in 2018","Among the first few firms to receive a BitLicense in NY for brokering crypto trades to HNW and institutional investors","Genesis Global Trading will contribute its unique financial market data to Pyth Network. We welcome Genesis to our rapidly expanding group of industry pioneers who share the goal of distributing precise, high caliber financial data.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Genesis Global Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-genesis-global-trading"},"/blog/new-pyth-data-provider-the-bermuda-stock-exchange":{"version":1,"title":"New Pyth Data Provider: The Bermuda Stock Exchange - Blog - Pyth Network","description":"Bermuda Stock Exchange joins Pyth Network, bringing institutional-grade equity data to DeFi. Expanding market access through real-time data feeds.","keywords":"","h1":["New Pyth Data Provider: The Bermuda Stock Exchange"],"h2":["Who is the Bermuda Stock Exchange?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Bermuda Stock Exchange joins Pyth Network, bringing institutional-grade equity data to DeFi. Expanding market access through real-time data feeds.","Data Providers","Jun 30, 2021","We are pleased to announce that The Bermuda Stock Exchange, the preeminent fully-electronic, offshore securities exchange, is joining the Pyth Network to deliver its institutional grade market data to the wider DeFi ecosystem!","The BSX has subscribed to a real-time feed of equity market data from the MIAX Pearl Equities Exchange and will publish the data to the Pyth Network in mid-July.","The Bermuda Stock Exchange (BSX) is the world’s preeminent, fully-electronic, offshore securities exchange, offering domestic and international issuers an affordable, well-regulated listing venue.","The BSX is recognised by a broad range of international regulatory authorities including: the U.S. Securities and Exchange Commission as a Designated Offshore Securities Market, has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.","The BSX expects to expand the range of data it publishes to the Pyth Network as it leverages its position as a leader in Bermuda’s capital markets and the Bermuda’s government commitment to a strong fintech regulatory foundation with the Digital Asset Business Act 2018 (DABA) creating an ideal and secure jurisdiction to foster the growth of the digital asset sector.","The BSX is wholly owned by Miami International Holdings (MIH).","Global leader in the insurance linked securities (ILS) asset class and with more than 650 ILS securities listed and accounting for more than 90% of global issuances.","Listing venue for more than 250 global debt issues with a combined nominal value of $15.77 billion at the end of 2020, up 63% from 2019.","Listed one of the world’s first exchange-traded funds designed to track digital asset investments — the Hashdex Nasdaq Crypto Index ETF — an open-ended investment fund that operates as a traditional ETF and tracks the Nasdaq Crypto Index.","Full member of the World Federation of Exchanges (WFE) and currently holds a seat on the WFE’s Board of Directors. The Exchange is also an affiliate member of the International Organization of Securities Commissions (I.O.S.C.O.).","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about BSX","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-the-bermuda-stock-exchange"},"/blog/new-pyth-data-provider-ftx":{"version":1,"title":"New Pyth Data Provider: FTX - Blog - Pyth Network","description":"FTX joins Pyth Network to provide institutional-grade market data, boosting DeFi with its leading crypto exchange capabilities.","keywords":"","h1":["New Pyth Data Provider: FTX"],"h2":["Who is FTX?"],"h3":["Proven Track Record"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","FTX joins Pyth Network to provide institutional-grade market data, boosting DeFi with its leading crypto exchange capabilities.","Data Providers","Jul 1, 2021","We are proud to announce that FTX, one of the largest and fastest growing crypto exchanges in the world, is joining Pyth Network to deliver institutional grade market data to power the world of DeFi.","A crypto-trading exchange built by traders, for traders","Offers innovative products including industry-leading derivatives, options, volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk","Rapid growth since founding, having become one of the most respected crypto exchanges in the world in less than 2 years","Launched in the May of 2019, quickly became a leading crypto derivatives exchange and is now the 4th largest crypto exchange by volume","Achieved a record of >$400 billion in monthly trading volume ($14 billion/day) in April 2021","In April 2021 alone, FTX saw $14 billion in ADV and OI above $10 billion, representing ~25x YOY growth","FTX will contribute its unique cryptocurrency price data to Pyth network. We welcome FTX to our lineup of data providers in our journey towards establishing a network and marketplace of high fidelity financial data to power the Serum and Solana ecosystems as well as those of other major chains.","You can read more about our partnership on the official press release.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-ftx"},"/blog/new-pyth-data-provider-chicago-trading-company":{"version":1,"title":"New Pyth Data Provider: Chicago Trading Company - Blog - Pyth Network","description":"Chicago Trading Company joins Pyth Network to offer institutional market data, boosting decentralized finance growth and liquidity.","keywords":"","h1":["New Pyth Data Provider: Chicago Trading Company"],"h2":["Who is the Chicago Trading Company?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Chicago Trading Company joins Pyth Network to offer institutional market data, boosting decentralized finance growth and liquidity.","Data Providers","Jul 6, 2021","We are excited to announce that the Chicago Trading Company, a leading provider of liquidity and pricing on derivatives exchanges around the world, is joining Pyth Network to deliver its institutional market data and help accelerate the growth of the decentralized finance industry.","Chicago Trading Company is a leading provider of liquidity and pricing on derivatives exchanges around the world","Recognized leading provider of liquidity and pricing on derivatives exchanges around the world, trades more than 20 hours a day, six days a week.","Actively trades in a broad spectrum of asset classes that include Equities, Interest Rates, and Commodities","Grown dramatically since inception in 1995 with offices now in Chicago, London, New York, and Hong Kong","The Chicago Trading Company will initially contribute its cryptocurrency market data to Pyth Network. But as the former scales, CTC plans to expand its contribution to market data for equities.","We welcome CTC to our rapidly expanding group of key industry participants who share the goal of distributing precise, high caliber market data onto the blockchain to revamp “[…] age-old practices and processes like market data services”, to quote Brett Estell, Global Co-Head of Trading at CTC.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Chicago Trading Company","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-chicago-trading-company"},"/blog/pythiad-1-the-journey-so-far":{"version":1,"title":"The Journey So Far | Pythiad #1 - Blog - Pyth Network","description":"Pyth Network’s newsletter highlights progress in decentralized finance, securely connecting high-fidelity market data for reliable access.","keywords":"","h1":["The Journey So Far | Pythiad #1"],"h2":["What is Pyth? (The pith of it)","What has Pyth been up to?","Publishers","What’s expected of our publishers?","Got confidence?","Consumers","Hackathon Integration Partners","Track and Prize Winners","Honourable Mentions","Are there other roles?","Cross-Chain Publishing"],"h3":["Hackathon and Integrations","Pyth V2","Website Wonders","Who do we have onboard as data publishers and why?","Jump Trading Group","GTS","LMAX Group","Virtu Financial","BSX","Genesis Global Trading","FTX","CTC","Serum","Who are our Users?","Zeta Markets — Solana Season Hackathon Winner","SolFarm — Pyth Track Winner","Solend — Winner of the DeFi Track","Francium","Solaris","Laguna Finance","Apricot Finance","Port Finance","Everlend Finance","DAGG Trade","Soteria","General Integration Partners","Synthetify","Solrise Finance","Saber","Bonfida","Solstake","Fabric","Mango Markets","Moët Finance","Sypool","Parrot","1Sol","DeFi Land"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s newsletter highlights progress in decentralized finance, securely connecting high-fidelity market data for reliable access.","Newsletter","Jul 8, 2021","Welcome to the first installment of the Pythiad, the official Pyth network newsletter!","We’ve accomplished much in the past three months. From our hello world announcement to our new parade of data provider announcements, the pieces are coming together.","The Pyth Network is a vision coming to life: one that imagines the world of decentralized finance (DeFi) gaining comprehensive access to high-fidelity (HiFi) financial markets data securely and reliably.","Pyth connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere.​","To our followers, we say thank you for your incredible support and energy! And to our newcomers, we say welcome aboard. We’re so happy to have you all with us.","This month’s newsletter has something for everyone. This issue will most likely be longer than our future instalments. There’s much to discuss.","Pyth network is a specialized oracle network being built by some of the biggest names in TradFi and DeFi with the goal of providing the infrastructure for DeFi to leverage reliable, institutional grade market data.","Pyth is focused on continuous real-world and crypto-related market data originating off-chain and streaming it at sub-second speeds with cross-chain publishing and sophisticated aggregation to capture data richness and foster conviction in that data. We envision Pyth becoming complementary to other oracle solutions.","Pyth is built on the Solana blockchain, which allows our data providers to continuously update prices at every slot: that’s once every 400ms — more than 200,000 updates daily! Pyth’s throughput will also increase alongside Solana’s scaling. Our oracle solution will also extend to Ethereum and Terra, thanks to Wormhole.","Our network has attracted some of the largest traders, exchanges, and financial services players who own unique, high quality market data but for whom selling this data is not a primary business. This includes real world market data in equities, bonds, FX, futures, and commodities.","Examples of such data publishers in our network include Jump Trading Group, GTS, LMAX Group, Virtu, BSX, Genesis Global Trading, Serum, FTX, CTC, and more to be announced.","Pyth network will harness their data to create alternative, reliable, and decentralized sources of high quality composite market data. Alternatives to such data are not readily available, as this data normally resides behind the walled gardens of some of the world’s largest organizations.","Pyth network is intended to accept only first party providers who are the authorized owners of their data. In our network, the data provider is also responsible to maintain his own stream of quotes to the blockchain.","Data providers, with global reputations and proven performance in one of the most competitive environments out there, will have the expertise and incentive to maintain reliable, accurate, and fair data feeds.","Our aggregation method promotes the reliability and accuracy of our data feeds without sacrificing decentralization. Further network mechanisms (to be detailed in due course) will help to ensure that publishers, including smaller quoters joining in the future, will not behave maliciously and even go the extra mile to support our marketplace.","We made our first announcement on April 7 — our ‘hello world’ moment. We surprised many with our ambitious goal: to build a next-generation oracle solution designed to bring HiFi data to DeFi.","What steps have we taken to get there? How far have we come since Day 1?","We released the Pyth Network Github to the public shortly after the launch of the Solana Season Hackathon on May 15.","During the Hackathon, we showcased our live feeds and guided interested Hackathon projects on how to integrate with Pyth and retrieve our data feeds from the Solana devnet.","We deeply enjoyed this opportunity to test and demonstrate Pyth’s capabilities through live demonstrations and proven integrations with ambitious ecosystem projects, including many of the Hackathon participants.","We had an incredible time working closely with so many innovative projects integrating with Pyth. In the Hackathon spirit, we also offered a $25,000 reward for the best hackathon project integration with Pyth Network. A big congratulations to SolFarm, the first yield aggregation platform built on Solana with auto-compounding vault strategies!","If your project needs Pyth Network data feeds, you’re always welcome to reach out to us. Our team is more than happy to guide you through the process and provide you the right resources.","Discord","Telegram","As the Hackathon came to a conclusion, we collected extremely helpful and thorough feedback from the dev teams and their users.","This feedback informed our release of Pyth V2 in early June, an upgraded version of our protocol boasting an even better aggregation method and space for up to 32 data providers for a single asset.","Thank you to all our publishers and integration partners for coordinating with us in migrating from the V1 to V2 code — a mandatory but crucial move to benefit stakeholders and achieve greater scalability, security, and reliability.","As we continued to build out our network, we ramped up our website and introduced some nifty features:","Price feeds! You can check out our live devnet prices for cryptocurrencies, FX, equities, and even commodities.","Prices are fully streaming and come with a calculated Confidence value.","Want more live visuals? You can also watch the historical data accumulate on each price pair’s price action chart.","Documentation for consumers and publishers are available in the Developers page. Take fate into your own hands!","Decentralized finance relies on high-fidelity, time-sensitive, real-world data, but has no way to access it.","As discussed earlier, reliable institutional grade market data oracles with sub-second latency and constant streaming capabilities are lacking in DeFi. We hope to fill this gap.","There are idiosyncrasies with this type of latency sensitive data that require a special oracle solution. Existing solutions focus on wisdom of crowds to source data or a traditional data distribution workflow wherein data may be delayed or not sourced from where the best market data happens to be.","Thanks to Solana, Pyth is able to continuously stream such data at affordable costs instead of relying on constricted models like a request for quotes architecture. Our publishers can continuously update prices at every slot — currently once every 400ms (Solana’s current speed, with plans to optimize these specs).","We therefore need publishers with the technical expertise, proven performance and track record in their field, as well as credibility to support and become aligned with our network.","More specifically, we need both (a) data owners who have not historically operated in the data distribution space and (b) primary data sources. The former provides the network a new and cheaper way to source data. The latter helps avoid the latency cost of hops and allows for the most expedient way to get data on-chain.","Globally-positioned, proprietary trading firm that remains on the cutting edge of algorithmic trading","Active in futures, cryptocurrency, and equities markets globally","Designated Market Maker (DMM) on NYSE","Trades approximately 50,000 financial instruments across multiple asset classes globally","Leading operator of institutional execution venues for FX and crypto currency trading","Average daily trading volumes exceed $30 billion (including over $2 billion/day in spot crypto-assets)","Recognized and listed (NASDAQ) global leader in market making and execution services","Provides liquidity for over 25,000 securities, spread over 235 venues and 50+ countries","The Bermuda Stock Exchange (BSX) is the world’s preeminent, fully-electronic, offshore securities exchange, offering domestic and international issuers an affordable, well-regulated listing venue","The BSX is wholly owned by Miami International Holdings (MIH)","Registered broker-dealer and worldwide leader and established partner in over-the-counter digital currency trading","Facilitates billions of dollars on a monthly basis in digital currency trades, loans, and transactions","Cryptocurrency exchange built by traders, for traders","Offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk","Leading provider of liquidity and pricing on derivatives exchanges around the world","Recognized leading provider of liquidity and pricing on derivatives exchanges around the world, trades more than 20 hours a day, six days a week.","Decentralized exchange and ecosystem that brings unprecedented speed and low transaction costs to DeFi","Composable fully on-chain central limit order book","And more to come.","Our expectations are strict. Onboarded publishers will utilize their technological capabilities and market expertise to continuously disseminate their data on-chain and aggregate it securely.","Our aggregation methodology is based on formal likelihood methods to combine individual quotes.","All quotes are responsible for generating and broadcasting an aggregated price, a confidence interval, volatility measures, TWAP, and other price indicators.","These measurements improve the informativeness and conviction behind this data for consumers.","All oracles are first party and responsible for their data’s accuracy and uninterrupted streaming.","In our first stage, we have partnered with formidable industry participants to act as publishers whose reputations deeply disincentivize them from manipulating their own streams on Pyth Network.","In the future, publishers will be incentivised with on-chain rewards and slashing to further align incentives and provide additional assurance to consumers.","In scientific and engineering fields, an observation or measurement is almost always accompanied by a measurement uncertainty. Measurement uncertainty indicates how much precision or uncertainty there is in a single observation.","Market participants are typically not accustomed to thinking about measurement uncertainty when it comes to price in financial markets, but the concept can easily be extended there. Pyth data providers stream a price along with the confidence/uncertainty that they estimate using information available to them.","Multiple data providers on the Pyth Network are reporting a measurement of the price of an asset. Each of them may be considering different data sources (which they are legally entitled to use for these purposes), and reporting at most once per Solana slot (~400ms) and asynchronously (so quoter A and quoter B might report prices they observed 200ms apart from each other in the same Solana slot).","In practice, a data provider focused on a particular market could represent the confidence value as the bid-ask spread on that venue. If they’re focused on multiple venues for the same asset, a publisher could represent confidence as a function of where they expect trades to occur.","In different markets, uncertainties will vary due to market structure but can quickly be understood when looking at its visual representation.","The Pyth Network empowers data consumers by continuously publishing a consolidated estimate of these important dislocations.","Strictly speaking, Pyth Network data consumers are the protocols integrating our feeds and retrieving prices and confidence values to operate their dApps.","Of course, those protocols have their target audience and consumers: their daily users interacting with the dApp.","For Pyth Network, anyone interacting with a protocol leveraging the Pyth feeds is not ‘a consumer’, but rather, a beneficiary of some of the highest quality data sources for financial assets.","But who are those protocols choosing Pyth Network as their data sources?","During the Solana Season Hackathon, we onboarded and integrated our oracle solution with dozens of promising projects — both hackathon participants and pre-existing projects.","The list below is not comprehensive. Data provided by the Pyth Network is publicly available on-chain: anyone can query it!","Zeta (ζ) is the premier under-collateralized DeFi options platform, providing liquid derivatives trading to individuals and institutions alike. The Zeta team looks to build the world’s fastest on-chain options pricing and liquidation engines by accessing high-frequency price data on-chain.","More than just leveraging Pyth price feeds, they also demonstrated how the confidence value can bring more value to your (option) protocols! See the Zeta thread and Pyth thread to learn more.","TL;DR: The confidence value enables Zeta to provide short-term binary options without having to worry about if the oracle price has a huge candle on the very last second of trading. How?","Zeta’s binary options settle to half their payout for both longs and shorts if the strike is within this uncertainty interval. This allows us to provide tradeable, short-term products whilst preventing the risk of random price disagreements close to expiry!","We are extremely excited to see this kind of product innovation made possible thanks to confidence values provided from the oracle side!","SolFarm is the first yield aggregation platform built on Solana with auto-compounding vault strategies.","Although a successful protocol prior to the Hackathon, SolFarm nevertheless participated and took the chance to expand its protocol services and enable users to open leveraged yield farming positions with their vaults. Doing so also enabled the creation of liquid borrow and lending markets, allowing for additional interest earning activities. Learn more here!","The SolFarm team won the Pyth Track Prize for the best integration of not only Pyth’s feeds but also the SPL token lending program.","Solend is an algorithmic and decentralized protocol for borrowing and lending which enables users to earn interest on their assets and borrow to leverage their exposure to an asset.","Solend aims to unlock leverage long/short, interest bearing collateral tokens, isolated lending and credit market, among other things.","Solend is now live on Devnet for you to try out! Currently, users can supply liquidity, borrow, withdraw, or repay their (devnet) loans.","To make all of this work, Solend uses Pyth for their price oracle feeds!","Francium Protocol aims to provide diverse yield targets and strategies with leverage allowing users to open leverage positions on multiple strategies such as portfolio management, yield farming, algorithmic trading strategies, etc. The platform also offers a visual toolbox for building strategies.","In the first phase of Francium, Pyth feeds will be integrated for the various liquidity pools to enable users to lend and earn interest or borrow to leverage their position in the yield aggregator.","Francium is looking to extend its reach to various other financial markets and assets (stocks, precious metals, etc.) while keeping a high quality data source. We are thrilled to engage with projects who also seek to onboard what we consider the best potential data providers not just for crypto, but also for traditional assets.","Solaris is a non-custodial lending and borrowing protocol with trading features such as flash loans, open leveraged positions, as well as margin trading. Solaris is currently available in an Alpha version.","Pyth Network will provide price feeds to Solaris’ lending markets. The graphic below presents a great overview of how Solaris will operate:","Laguna Finance is an asset management platform that enables users to passively access the best yields on Solana through 3 different products:","Cove offers composable strategies variably applied to pools of liquidity","Surge is an auto-compounding solution that maximizes yield farming returns","Whirlpool is a liquid staking where users can deposit their stSOL tokens for additional yield","Laguna Finance is currently on Devnet.","Pyth Network price feeds will be integrated into their strategies and yield optimizer to deliver live prices to the platform.","Apricot’s debut product, Apricot Lend, is a collateralized lending protocol that seeks to maximize users’ borrowing power while minimizing liquidation penalties and uncertainties.","Pyth is currently integrated for the pool prices and we look towards the future to see further interaction between Apricot and Pyth feeds.","Apricot is also planning to launch a rich set of related products in the near future that would need to retrieve market data, such as orderbook-based fixed rate loans, low-to-no collateral loans, template-based high frequency operations, and more to accommodate a wide range of user needs.","Port Finance is a lending protocol that aims to provide a whole suite of fixed income products including: variable rate lending, fixed rate lending, and interest rate swap.","Current features offered also enable cross-collateral for loans and flash loans. Later on, protocol-to-protocol lending will be introduced as well as margin trading.","Port Finance looks to integrate with Pyth feeds once they are released to mainnet.","Having Port Finance on board, in part for our native TWAP availability in our price accounts, showcases the usefulness in oracles providing not only live prices but also other types of “prices” alongside.","Eastern Europe Track Winner & Serum Prize Winner","Everlend Finance is a decentralized cross-chain lending protocol with leveraged yield farming and liquid staking. Congratulations to Everlend for receiving the Serum prize and first place for the Eastern European track for their Hackathon submission!","Everlend Finance’s current features enable users to use different tokens as collateral as well as offer flexible borrower instructions. Later on, the dApp will look to support cross-chain borrowing and lending through the Wormhole, offer leveraged yield farming, and use staking derivatives as collateral!","Everlend uses on-chain price quotes for assets to correctly identify the value of collateral and liquidity loans. This allows Everlend to estimate the position’s health and establish the borrow limits, liquidation threshold…","We are pleased to see Pyth becoming a key component to such a promising protocol.","DAGG Trade is a DEX aggregator protocol initially focused on Solana but will expand to provide cross-chain access for enhanced liquidity.","DAGG aggregator, designed for splitting up trades to minimize slippage, is integrating the on-chain price from all of Pyth’s Price Reference Contracts into the UI and will serve as the basis for calculating the USD value of user balances and token amounts.","Soteria aims to introduce an interest-bearing stablecoin that is price stable, censorship resistant, and backed 100% by a delta neutral position using derivatives.","Soteria already exists as an Alpha version here, from which you can deposit your assets and convert them in USDS (Soteria stablecoin) to earn some yield on your stablecoins.","Pyth feeds and prices are integrated for Soteria perpetual swaps and could later see a greater implementation in the Soteria app.","Projects from before and during the Hackathon have announced integrations with us:","Synthetify is an upcoming synthetic assets platform which aims to provide a bridge between cryptocurrencies, stocks, fiat currencies and other financial instruments directly from one decentralized exchange.","You can try Synthetify on devnet. SNY was recently listed on FTX. Developers will also be interested in the Pyth integration made by Norbert (Synthetify’s founder), enabling Pyth feeds to be used from Anchor for Project Serum.","Pyth feeds (BTC, SOL, and SRM) are integrated into the dApp to determine the exchange rate between assets to enable users to trade synthetic products.","Solrise Finance is a decentralized fund management and investment protocol built on Solana and Serum.","Prior to its successful IEO (SLRS) on FTX, Solrise held a two staged incentivized testing period (DAWN) which received approximately 50K registrations to try out the platform and have the opportunity to win prizes.","Solrise Finance will primarily leverage Pyth Network’s price feeds to determine and display the current value of funds and calculate each pool share.","Saber is a Solana-based DeFi protocol allowing anyone to securely trade and earn with pegged assets, like stablecoins and tokenized bitcoin.","Starting early July, users are now able to trade both renBTC and wBTC (Sollet) using Saber’s low slippage stableswap AMM. Additionally, investors can earn returns from trading fees by supplying liquidity to the renBTC-wBTC pool.","Saber implemented a USD price conversion on the frontend using Pyth Network for the BTC stable pool.","Bonfida, known as the flagship Serum GUI and which offers a full product suite (API access, Token Vesting Contract, and Solana Name Service) is again expanding its reach to introduce on-chain perpetuals based on the whitepaper of the Audaces Foundation.","Inspired by the Ethereum Perp Protocol, and built upon Solana, Bonfida seeks to resolve the time symmetry issue which forced the Perp Protocol insurance fund to continuously pay funding to long traders during the past year uptrend.","Audaces vAMM will leverage Pyth Network feeds in its architecture to effectively implement the fastest possible liquidation solution on Solana. Pyth feeds promise time resolutions on par with Solana slot times (400ms).","Solstake is an open-source and non-custodial interface that makes staking SOL effortless.","Try out Solstake.io: create a stake account, choose validators, and manage all your staking activities in a single place.","For now, one Pyth price feed (SOL/USD) is currently integrated into the Solstake.oi UI.","Fabric is a protocol for issuing and trading synthetic assets on Solana. Users will be able to stake FAB to mint SPL synthetics at a collateralization ratio of 1000%. Minting assets as SPL tokens will enable them to be traded across Serum DEX.","Pyth feeds are to be integrated when minting/burning Synthetics or when calculating a user’s collateralization ratio.","Mango Markets is a decentralized trading platform currently offering spot margin trading. To achieve such, the initial margin protocol introduced a borrowing and lending layer on top of the Serum Dex v3.","More than just spot margin, Mango Markets aims to also release Perpetual Futures on Solana. Mango makes use of an on-chain CLOB and cross-margin with Serum DEX to enable easy hedging. Pyth price feeds support funding rate calculations (via comparison between market price and the index price coming from the oracle).","Moet Finance is a decentralised perpetuals and options protocol built on Solana and ProjectSerum with a hybrid virtual AMM and orderbook.","Pyth price feeds enables Moet Finance’s perpetual architecture to accurately mark accounts margin values for immediate PnL updates and real-time liquidations.","For further safety in highly volatile market conditions, Moët Finance will also be able to natively leverage Pyth TWAP pricing, which is provided for all assets alongside their live prices.","Sypool is a synthetic asset management protocol which enables you to build, manage, and trade your portfolio tokens easily.","Sypool will have four products gradually released, which are index-tracking SAP (Synthetic Asset Pool), trader-based SAP, structured yield fund, and assets-backed quantitative trading SAP.","Sypool will leverage Pyth feeds to deliver real-time on-chain market data.","The Parrot Protocol is a DeFi network built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem: making value locked in DeFi systems accessible.","Currently offering stablecoins swaps (USDC, USDT, PAI) to its users, new products requiring external sourcing of prices like FX will see Pyth integrated into the Parrot solution.","Whew! That’s quite the list. There’s more where that came from, so stay tuned.","1Sol is a cross-chain DEX aggregator for decentralized protocols on Solana enabling seamless, efficient and secure operations within the DeFi world.","Thanks to their internal Smart Calculator, 1Sol aims to find the best swapping path among the various chains (Solana, Ethereum and Binance Smart Chain) and venues (DeFi, CeFi, OTC).","Pyth Network feeds will be integrated within this Smart Calculator to help 1Sol offer more efficient swaps to users.","DeFi Land is a multi-chain agriculture-simulation web-game created to gamify decentralized finance and further the adoption of DeFi to the general population. More than gamifying the DeFi experience, DeFi Land will offer all the features that centralized & decentralized traditional platforms have in only one place.","DeFi Land is currently working on their V1 of the game — which will soon be released — and will include the following:","Swaps","Liquidity providing","Staking & yield farming","Governance","Customizable lands","Educational land (practice mode)","Achievements","There are multiple roles in our network and we’re excited to announce further details in due course.","Which of these roles do you identify as?","Data Providers — who have legal access to distribute unique data sets.","Delegators — who help demonstrate confidence in the data from a particular Pyth data provider by selecting them based on historical performance and accuracy.","Consumers — who use the data.","Pyth, being built directly upon the Solana blockchain, presents some significant advantages: all Pyth data is on-chain and publicly accessible, including its highly computing intensive calculations.","But if Pyth data is natively available on Solana, how will it reach the other regions of DeFi?","Enter Wormhole.","Pyth will go cross-chain via the Solana Wormhole, the bi-directional decentralized bridge between ERC20 and SPL token standards. Wormhole allows projects, platforms, and communities to move tokenized assets seamlessly across these blockchains.","Oracle prices are also expected to be supported and be live on Ethereum, Terra and the Binance Smart Chain shortly after our mainnet launch on Solana!","Plugging into the Ethereum network is almost self-explanatory. While Solana allows us to stream data continuously and inexpensively, the vast majority of dApps still reside in the Ethereum domain. Wormhole is readily extendable to any EVM based chain, meaning we can bring Pyth data into the Ethereum world.","Terra is one of the fastest growing and most promising blockchains with an ever-growing developer community and we look forward to synergizing with the Terra ecosystem. As IBC grows into adoption, we will also look to expand into other Cosmos based chains, whether through Terra or onto other individual chains.","That was a lot for our first Pythiad issue!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-1-the-journey-so-far"},"/blog/new-pyth-data-provider-akuna-capital":{"version":1,"title":"New Pyth Data Provider: Akuna Capital - Blog - Pyth Network","description":"Akunah Capital, a leading options market maker, is partnering with Pyth Network to provide institutional DeFi data, boosting growth.","keywords":"","h1":["New Pyth Data Provider: Akuna Capital"],"h2":["Who is Akuna Capital?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Akunah Capital, a leading options market maker, is partnering with Pyth Network to provide institutional DeFi data, boosting growth.","Data Providers","Jul 19, 2021","We are excited to announce that Akuna Capital, a leading options market maker specializing in derivatives market making and sophisticated modelling, is joining Pyth Network to deliver their institutional grade data to bolster the growth of DeFi.","Founded in Chicago 2011 with a focus on options market making using its proprietary technology","Akuna has been trading crypto currency since 2017 with teams trading spot, futures and options","Akuna now employs over 400 people worldwide with offices in Chicago, Sydney, Shanghai, and Boston","Trades options on a wide range of underlyings including Indices, Commodities, Currencies and Treasuries","Trades on a number of US and Asian exchanges including CME, ICE, CFE, CBOE, C2, BATS, EDGX, ISE, Gemini, MIAX Pearl, HKEX, KRX and NOM, and is continuing to expand our trading operations globally","Very active in the cryptocurrency space, trading spot, futures and options on exchanges and OTC, covering all the major coins","Akuna will initially contribute its unique crypto asset market data and plans to expand into underlying assets of additional options products as the Pyth Network continues to scale.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Akuna Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-akuna-capital"},"/blog/new-pyth-data-provider-iex-cloud":{"version":1,"title":"New Pyth Data Provider: IEX Cloud - Blog - Pyth Network","description":"IEX Cloud, a leading financial data provider, is partnering with Pyth Network to fuel decentralized finance growth with institutional-grade data.","keywords":"","h1":["New Pyth Data Provider: IEX Cloud"],"h2":["Who is IEX Cloud?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","IEX Cloud, a leading financial data provider, is partnering with Pyth Network to fuel decentralized finance growth with institutional-grade data.","Data Providers","Jul 22, 2021","We are excited to announce that IEX Cloud, the independent financial data business owned by IEX Group, Inc., is joining Pyth Network to provide its institutional grade market data to all and support the growth of decentralized finance.","IEX Group (IEX) is a financial technology company that operates the Investors’ Exchange LLC (IEX Exchange), a U.S. securities exchange committed to serving all market participants, and the IEX Cloud, a cloud-based financial data platform","Since launching in 2016, the exchange has grown to be one of the largest exchange operators globally, by notional value traded with an average daily volume of more than $12B","IEX Cloud, introduced in 2019, makes it easy for more people to access and use high-quality financial datasets from across the industry","In two years after its launch, IEX Cloud managed to gather more than 150,000 registered users from 120 countries","IEX daily covers about 7,700 different symbols and is sourcing its data from the #1 midpoint venue in US equities (Q1 2021)","IEX Cloud will initially contribute its real-time market data originating from the IEX Exchange to the Pyth Network.","\"We welcome IEX Cloud to our rapidly expanding group of key financial actors who share the goal of distributing precise, high caliber financial data onto the blockchain... We built the IEX Cloud business to make financial market data more accessible and so we’re very excited to be part of an ambitious project that supports this mission by providing real-time market data to the blockchain.\" – Tim Baker, Head of IEX Cloud","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about IEX Cloud","Learn more about IEX Group","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-iex-cloud"},"/blog/new-pyth-data-provider-cms":{"version":1,"title":"New Pyth Data Provider: CMS - Blog - Pyth Network","description":"CMS, a crypto investment firm, partners with Pyth Network to deliver market data and boost DeFi growth. \n","keywords":"","h1":["New Pyth Data Provider: CMS"],"h2":["Who is CMS?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","CMS, a crypto investment firm, partners with Pyth Network to deliver market data and boost DeFi growth.","Data Providers","Jul 26, 2021","We are excited to announce that CMS, a principal investment firm focused on making investments across the cryptocurrency space, is joining Pyth Network to provide its proprietary market data to all participants and accelerate the growth of DeFi!","CMS is a principal investment firm that operates in the cryptocurrency space.","As a principal investment firm, CMS is both an investor and heavy user on many of the crypto ecosystem’s leading centralized and decentralized venues","CMS was founded in 2019 by three partners — Bobby Cho, Daniel Matuszewski, and Julien Seguin","CMS deals in both liquid and illiquid investment strategies","CMS will contribute a wide range of data it interacts with across the crypto ecosystem, while also providing a unique perspective on what founders and developers need to build successful products.","\"Pyth stands to be a top oracle solution by providing high-fidelity market data to the DeFi ecosystem. It is a crucial piece of the developing Solana universe and we believe the Pyth team is more than capable to see this project through to its highest potential.\" – Daniel Matuszewski, Founding Partner of CMS","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about CMS","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cms"},"/blog/pyth-and-financial-market-data":{"version":1,"title":"A Specialized Oracle for Financial Market Data - Blog - Pyth Network","description":"Pyth Network delivers ultra-fast, high-quality financial market data via blockchain, crucial for latency-sensitive applications. \n","keywords":"","h1":["A Specialized Oracle for Financial Market Data"],"h2":["What is Financial Market Data?"],"h3":["US Equities","FX","Crypto"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network delivers ultra-fast, high-quality financial market data via blockchain, crucial for latency-sensitive applications.","Research","Jul 27, 2021","The Pyth Network is a specialized blockchain oracle solution for latency-sensitive financial market data. It seeks to aggregate high quality, first-party data in advanced ways and publish at sub-second speeds.","In this post, we look to define financial market data and some of the nuances in specific markets where specialization proves necessary in data sourcing to ensure robust coverage.","Financial market data can be simply defined as a combination of:","Orders at which prices traders wish to trade","The prices at which trades have just occurred","Both 1. and 2. are dependent on traders, and since traders typically match with one another at exchanges, first party data is generated by both traders and exchanges.","The Pyth Network is made up of primary source data providers and contributors of derived data publishing their data directly to the blockchain for use in the on-chain aggregate. By having a diverse group of reputable first party data providers, the Pyth Network reduces the dependency on any single data source, and thus the likelihood of a single or group of data providers attacking or manipulating the aggregate price.","The general workflow is diagrammed below. As shown, participating traders contribute their data irrespective of the exchange they’ve traded on, while some exchanges contribute their data irrespective of which traders’ orders they use. Through this combination of data from trading firms and exchanges, the Pyth Network achieves leverage in covering a large share of market activity.","Each asset class has its own share of quirks.","The US equity market is made up of 16 exchanges and is regulated by rules such as Reg NMS that, subject to certain exceptions, require trades to occur at or inside the national best bid, best offer. Executed equity trades are then required to be reported to the consolidated tape. All equities trades are given up to a single clearing house (NSCC), which makes the trades fungible and settlement straight-forward. As a result, there is less fragmentation than the high number of exchanges may suggest, but real-time data is typically controlled by a small number of participants and expensive.","Pyth Network’s US equity data coverage today consists of a combination of primary and derived data from the orders sent to and executed on regulated exchanges (MIAX Pearl Equities, IEX) data derived from the executed trades from some of the largest traders (Virtu, GTS, Jump Trading, CTC, and Akuna) across all exchanges.","The global spot FX market is largely exempt from single market regulatory oversight, and thus does not typically trade on regulated exchanges. As a result, the majority of the market trades on an “off-exchange” or OTC (over-the-counter) basis either bilaterally or via ECNs. The ECNs vary from all-to-all central limit order books with guaranteed trade execution (firm orders), to bespoke liquidity pools that allow participants to segment out anonymous counterparties based their characteristics and give market makers the ability to have a ‘last look’ or cancel trades after attempted.","While there is no central clearing house for FX, most institutional participants trade in the name of one of the 70 CLS Settlement members or prime brokers, which reduces settlement risk and allows for cross exchange margin relief. As a result, less liquid FX markets can be fragmented from 1 broker or ECN to the next, but generally not for extended periods of time.","Pyth Network’s FX data coverage today consists of firm orders and executions from both ECNs (LMAX) as well as OTC traders (Virtu, GTS, Jump Trading, CTC, and Akuna).","The global spot crypto market is still nascent and is spread across a wide array of exchanges and OTC traders. Furthermore, there are no major prime brokers or central clearing counterparties in the spot crypto markets. As a result, traders onboard bilaterally with exchanges or counterparties with no cross-counterparty margin relief.","To add complications, it is not unusual for exchanges or brokers to halt transfers or withdrawals. This makes the crypto markets susceptible to prolonged dislocations from one exchange to the next that can last for several days or longer. For this reason, the Pyth Network reports not only the aggregate asset price but also confidence intervals reflecting levels of price uncertainty by data providers, whether they are traders or liquidity venues.","Pyth Network’s crypto data coverage today consists of orders and executions from crypto exchanges (e.g. LMAX) as well as traders (e.g. Genesis, CMS).","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-and-financial-market-data"},"/blog/new-pyth-data-provider-coinshares":{"version":1,"title":"New Pyth Data Provider: CoinShares - Blog - Pyth Network","description":"CoinShares, Europe’s largest digital asset investment firm, joins the Pyth Network to strengthen the digital ecosystem. \n","keywords":"","h1":["New Pyth Data Provider: CoinShares"],"h2":["Who is CoinShares?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","CoinShares, Europe’s largest digital asset investment firm, joins the Pyth Network to strengthen the digital ecosystem.","Data Providers","Aug 4, 2021","We are excited to announce that CoinShares, a leading digital asset investment firm, is joining the Pyth Network as we both look towards providing the means to bolster a flourishing digital ecosystem!","Founded in 2013, CoinShares is Europe’s largest digital asset investment firm, managing billions of assets on behalf of a global client base","CoinShares is publicly listed on the Nasdaq First North Growth Market (ticker $CS)","CoinShares Group offered the 1st regulated Bitcoin hedge fund, 1st exchange-traded Bitcoin product, 1st private fund denominated in Ether as well as the 1st exchange-traded Ether product","On May 19, 2021, CoinShares ETPs had a daily volume of more than $490 million","During February 2021, $250 million of daily volume was surpassed","As of today, CoinShares has more than $3 billion in assets under management","CoinShares will initially contribute its real-time crypto market data directly on-chain for the Pyth Network. We welcome CoinShares to our growing roster of high quality market players and data sources with which we do share a common goal: improving the transparency and availability of cryptocurrency data.","\"A number of regulators have even cited the perceived lack of transparency related to crypto markets and pricing as a core reason to deny retail access to crypto ETPs and ETFs. Pyth Network was an obvious partnership for us, as we continue to execute on our vision to unlock more transparency and establish trust in the broader crypto ecosystem using the underlying blockchain protocol to provide verifiable, trusted, real-time data to market participants.\" – Jean-Marie Mognetti, Chief Executive Officer of CoinShares","The Pyth Network and its data providers look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about GTS","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-coinshares"},"/blog/new-pyth-data-provider-xr-trading":{"version":1,"title":"New Pyth Data Provider: XR Trading - Blog - Pyth Network","description":"XR Trading, a leading derivatives firm, joins the Pyth Network to strengthen the digital ecosystem through innovative trading solutions.","keywords":"","h1":["New Pyth Data Provider: XR Trading"],"h2":["Who is XR Trading?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","XR Trading, a leading derivatives firm, joins the Pyth Network to strengthen the digital ecosystem through innovative trading solutions.","Data Providers","Aug 9, 2021","We are excited to announce that XR Trading, a leading proprietary trading firm in the global derivatives marketplace, is joining the Pyth Network as we both look towards providing the means to bolster a flourishing digital ecosystem!","XR Trading is a proprietary market-making firm that provides liquidity in a full range of financial instruments across multiple asset classes","With an innovative trading strategy that integrates technology with a quantitative automated market-making approach, XR Trading is a leader in the global derivatives marketplace","XR Trading has offices in Chicago, IL; New York, NY and London, United Kingdom","XR Trading will initially provide its crypto asset data with plans to expand into other asset classes as the Pyth Network scales.","“We are firm believers in the growth and potential of DeFi as well as the importance of strong oracle solutions like the Pyth Network. We are eager to be joining the ranks of prominent peers and exchanges — both existing and forthcoming — as we build out this next gen oracle solution concurrently.” – Matt Haraburda, President of XR Trading","The Pyth Network and its trusted partners look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about XR Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-xr-trading"},"/blog/new-pyth-data-provider-cumberland-drw":{"version":1,"title":"New Pyth Data Provider: Cumberland DRW - Blog - Pyth Network","description":"Cumberland DRW, a leading crypto trading firm, joins the Pyth Network to bolster DeFi infrastructure and innovation.\n","keywords":"","h1":["New Pyth Data Provider: Cumberland DRW"],"h2":["Who is Cumberland DRW?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Cumberland DRW, a leading crypto trading firm, joins the Pyth Network to bolster DeFi infrastructure and innovation.","Data Providers","Aug 5, 2021","We are excited to announce that Cumberland DRW, a specialized crypto asset trading company, is joining the Pyth Network as we both look forward to advancing the infrastructure available to DeFi applications!","Since 2014, Cumberland is a specialized crypto asset trading company within DRW","DRW is well-established and diversified principal trading firm that has 25+ years of experience in traditional markets","Cumberland DRW is one of the founders of the DeFi Alliance in 2020 that aims to bring DeFi to a billion users","Cumberland DRW will initially contribute its real-time crypto market data directly on-chain in a sub-second timescale.","\"We’re removing the added latency and friction of a middleman. As a firm that has long championed broader transparency, security and fairness in the markets, this is a welcome new way to interact with global markets.\" – Chris Zuehlke, Partner at DRW and Global Head of Cumberland.","We look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Cumberland DRW","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cumberland-drw"},"/blog/new-pyth-data-provider-bitso":{"version":1,"title":"New Pyth Data Provider: Bitso - Blog - Pyth Network","description":"Bitso, Latin America’s largest crypto exchange, joins Pyth Network to revolutionize blockchain market data oracles. \n","keywords":"","h1":["New Pyth Data Provider: Bitso"],"h2":["Who is Bitso?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Bitso, Latin America’s largest crypto exchange, joins Pyth Network to revolutionize blockchain market data oracles.","Data Providers","Aug 11, 2021","We are thrilled to welcome Bitso, the largest cryptocurrency exchange in Latin America, to the Pyth Network to build the next generation oracle solution that will transform the way market data is used on the blockchain!","Bitso is the largest cryptocurrency exchange in Latin America with now regular daily traded volume surpassing $10 million.","Founded in 2014, Bitso has now welcomed more than 2.5 million users — with half of them onboarded only during the last year!","Bitso announced in May 2021 a Series C investment round of $250 million led by Tiger Global making the company valued at $2.2 billion.","With now 9 crypto assets available, Bitso has seen its 2021 Q1 transaction volume overtake their whole 2020 performance.","Bitso is one of the few crypto exchanges, and the only one in Latin America, to obtain a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC), a sovereign agency that has developed one of the most advanced frameworks for regulating cryptocurrency trading.","Bitso will initially contribute its real-time crypto market data directly on-chain in a sub-second timescale.","“We are elated about the growth of DeFi and crypto that we’ve witnessed this year alone as people in Latin America are utilizing this technology in their everyday lives. Joining the Pyth Network allows us to help DeFi and the crypto ecosystem continue to expand and flourish, and we look forward to our role in bridging the gap between legacy finance and the blockchain.” – Eduardo Arenas, Director of Bitso Alpha","We look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Bitso","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-bitso"},"/blog/new-pyth-data-provider-kgi-securities-singapore":{"version":1,"title":"New Pyth Data Provider: KGI Securities (Singapore) - Blog - Pyth Network","description":"KGI Securities Singapore joins Pyth Network, offering institutional-grade DeFi market data. Expanding access to robust financial insights.","keywords":"","h1":["New Pyth Data Provider: KGI Securities (Singapore)"],"h2":["Who is KGI Securities Singapore?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","KGI Securities Singapore joins Pyth Network, offering institutional-grade DeFi market data. Expanding access to robust financial insights.","Data Providers","Aug 13, 2021","We are excited to announce that KGI Securities Singapore, one of the regional offices of KGI Securities, is joining the Pyth Network to provide DeFi participants with institutional grade market data.","KGI Securities (Singapore) is a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore.","KGI Securities (Singapore) is one of the several regional of KGI Securities Co. Ltd., which is the second largest securities firm in Taiwan in terms of market share of the brokerage business and a wholly owned securities arm of TWSE-listed China Development Financial Holding Corporation.","KGI Securities (Singapore) is a market leader in a broad range of areas, including brokerage, proprietary trading, and a variety of derivatives products","KGI Securities will initially contribute its real-time FX market data to the Pyth network and will later expand to equity as the network scales.","\"We were instantly intrigued by the Pyth network and the way it is leveraging DeFi applications to revolutionize the financial markets. We are eager to contribute our sophisticated FX market data to the network and thereby accelerate the transformation of DeFi applications and our financial ecosystem.\" – Ken Ong, Chief Executive Officer, KGI Securities (Singapore)","We look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about KGI Securities Singapore","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-kgi-securities-singapore"},"/blog/pythiad-2-liberating-first-party-data":{"version":1,"title":"Liberating First-Party Data | Pythiad #2 - Blog - Pyth Network","description":"Pythiad #2: A welcome newsletter for the Pyth network community, thanking supporters & welcoming new members. Exploring our history & growth.","keywords":"","h1":["Liberating First-Party Data | Pythiad #2"],"h2":["Coming up","Pyth Network Developments","New Publishers!","Who's joined the network since the last Pythiad?","Who’s Integrating with Pyth?"],"h3":["Website Wonders","Content Banquet","Taking Fate into your Own Hands: Reading the Docs","KGI Securities (Singapore)","Bitso","XR Trading","DRW","CoinShares","CMS","IEX Cloud","Akuna Capital","01 Protocol","Solend","SolFarm","HXRO Network","Project Larix","Everlend Finance","Bonfida (Audaces Protocol)","Port Finance","Apricot Finance","Synthetify","A multi-chain world!","What is the Wormhole? And how does it work?","Why is this a big deal?","Contests, Celebrations, Encomiums: the Pythian life!","Pop Quizzes","Contests","General Shoutouts"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad #2: A welcome newsletter for the Pyth network community, thanking supporters & welcoming new members. Exploring our history & growth.","Newsletter","Aug 14, 2021","Welcome to the second installment of the Pythiad, the official Pyth network newsletter!","For those who missed Pythiad #1, you can check it out here. We covered just about the entire history of the Pyth network, from our ‘hello world’ moment to our recent parade of data providers and integration partners.","To our followers, we say thank you again for all your support, feedback, and positivity! And to our newcomers, we say welcome.","We’re delighted to have you on board. As always, there’s much to discuss.","Pyth Network Developments","Our Publishers!","Our Consumers!","The multi-chain world is about to open!","The Pythian Community!","Since the release of our Pythiad #1 on July 9th, more great things have happened. Some updates made the headlines; others were lowkey, though discoverable for the most dedicated Pythians. Everyone’s work the past month represents another critical step towards the next generation of DeFi. We’re pleased to have you along for the ride.","REMINDER: Market data shown on the website is currently sourced from the Solana testnet & devnet. As the name suggests, testnet & devnet are for testing and should be seen as a demonstration only — prices may not reflect real-world data.","New features galore!","Have you checked out the Markets page? There’s more than meets the eye. Click on any of the listed pairs to see the feed’s price and its various components like confidence value, TWAP, TWAC (TWAP of the confidence value), and more!","Got talent? Got love for Pyth? Let’s talk. Check out our job boards link on our website to learn more.","Ever scrolled down on the main page? We now offer direct links to the Medium articles, just below our price update counter!","The Pyth network will continue to share announcements on the Pyth Medium. Medium continues to be one of the main publication platforms for crypto projects to update their communities and showcase deep dives into their protocols.","We’ll also be kicking things up a notch and throwing another popular channel into the mix.","Without further ado — the Pyth network substack: HiFi for DeFi.","Our substack blog will go out twice a month and represent all things pithy. Be sure to subscribe and spread the word!","Self-determination is near (and HiFi data too)!","Whether you’re a consumer looking to integrate Pyth data into your app, or a publisher with authorized access to data, you’ll want to get started with our docs.","If you’ve been around for some time, you might have also noticed a transition to our new Gitbook!","The action continues to originate from our Github too, of course. Please also note our switch from Pyth V1 to V2.","For Rust developers, the crates are for you. Parsers can look towards our npm package.","Any questions? Come join the Discord and ask questions directly.","In our Pythiad #1, we explained the process and rationale behind onboarding only high quality data providers to act as first party sources. We also touched on the reasoning behind onboarding providers that have not been traditional data publishers before.","Going beyond just names, have you noticed all the different types of new data sources on the Pyth network?","Consider that data is now being published by or from the following:","FTX — one of the largest and fastest growing crypto exchanges in the world that recently achieved a record of >$400 billion in monthly trading volume in last April","LMAX Group — the leading operator of institutional execution venues for FX and crypto currency trading. Average daily trading volumes across the Group’s exchanges exceed $30 billion (including over $2 billion/day in spot crypto-assets)","Virtu Financial — one of the worldwide leaders in trading and execution services that accounted for nearly 10% of the total US stock trading volume in December 2020","Genesis Global Trading — a registered broker-dealer and worldwide leader as a well established partner in over-the-counter digital currency trading who launched one of the first US OTC Bitcoin trading desk in 2013","Serum — the first decentralized exchange built with an on-chain orderbook on which almost $6B were traded since its inception","These five names alone can be categorized into roughly 3 types of providers according to their business operations and technical structure.","FTX and LMAX are traditional centralized exchanges. These exchange’s primary operation is to act as the middleman to enable a buyer and a seller to meet and trade anonymously.","Serum is also an exchange, but it is a decentralized exchange protocol built on Solana with a CEX-like orderbook. However, Serum’s DeFi capabilities brings greater flexibility to traders as they can create their own markets; if enough liquidity is brought by other players to that listed pair, a brand new marketplace emerges.","Genesis Global Trading and Virtu Financial (among others) are not exchanges but rather, they are “traders”, or “customers” (participants) of different venues. As financial services providers and traders, these companies trade both on exchanges and off exchange (alternative trading system and over the counter), either on behalf of themselves or their clients.","Why does it matter? The diagram below is a helpful visualization:","Participating traders contribute their data, irrespective of where they’ve traded (on or off exchanges). The market structure of cryptocurrencies enables price dislocations for various reasons (such as trading fees): when trader X is active on the BTC/USD market across various exchanges, ATS and OTC, trader X is highly unlikely to face the same pricing on each venue at any point in time.","Traders themselves, when looking at their transaction prices of the same asset over many exchanges act similarly to an oracle: discovering prices from their activity in multiple markets and aggregating it into a consolidated value for them to decide where and how to trade.","The Pyth network will receive from trader-type data providers a quote derived from the consolidation of many trades that they have executed occurred in various places.","Meanwhile, exchanges — middlemen between market participants, or these same traders — produce a single price feed: the midpoint of the best bid and the best offer within the same closed marketplace. In short, exchanges contribute their data irrespective of which traders’ orders they use.","The BTC/USD price available on FTX will most likely vary from the one offered on LMAX Digital. But if the market is efficient, dislocations will not persist for a long period of time.","By combining data from trading firms and exchanges, the Pyth network covers a large share of market activity and is well positioned to produce reliable, secure, and fair price feeds.","For more details on this topic, we advise you to have a look at our Pyth and Financial Market Data article.","KGI Securities (Singapore) is a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore","KGI Securities (Singapore) is a market leader in a broad range of areas, including brokerage, proprietary trading, and a variety of derivatives products","Bitso is the largest cryptocurrency exchange in Latin America with now regular daily traded volume surpassing $10 million","Founded in 2014, Bitso has now welcomed more than 2.5 million users — with half of them onboarded only during the last year!","XR Trading is a proprietary market-making firm that provides liquidity in a full range of financial instruments across multiple asset classes","With an innovative trading strategy that integrates technology with a quantitative automated market-making approach, XR Trading is a leader in the global derivatives marketplace","Since 2014, Cumberland is a specialized crypto asset trading company within DRW, a well-established and diversified principal trading firm that has 25+ years of experience in traditional markets","Cumberland DRW is one of the founders of the DeFi Alliance in 2020 that aims to bring DeFi to a billion users","CoinShares is Europe’s largest digital asset investment firm, managing approximately 3 billions dollars.","CoinShares Group offered the 1st regulated Bitcoin hedge fund, 1st exchange-traded Bitcoin product, 1st private fund denominated in Ether as well as the 1st exchange-traded Ether product","CMS is a principal investment firm that operates in the cryptocurrency space.","As a principal investment firm, CMS is both an investor and heavy user on many of the crypto ecosystem’s leading centralized and decentralized venues","IEX Cloud, a cloud based financial data platform introduced in 2019, makes it easy for more people to access and use high-quality financial datasets from across the industry","IEX Cloud is owned by IEX Group (IEX), a financial technology company that also operates the Investors’ Exchange LLC (IEX Exchange), a U.S. securities exchange committed to serving all market participants","Founded in Chicago 2011 with a focus on options market making using its proprietary technology","Akuna has been trading crypto currency since 2017 with teams trading spot, futures and options","We’re excited to have such powerful financial players join our roster of publishers. Many readers will know the other participants in the line-up:","Jump Trading Group","GTS","LMAX","Virtu Financial","BSX","Genesis Global Trading","FTX","CTC","Serum","Below is a curated list of projects that have joined since we published Pythiad #1–9th July 2021","Once again, the list may not be comprehensive, as protocols can currently retrieve Pyth data from the Solana blockchain. If you are using Pyth feeds, please ping us — we’d be happy to know about it!","01 Protocol is built to become a fully community owned derivatives exchange empowering the next generation of innovative DeFi trading. We look forward to seeing Pyth play its role in both the market resolution of their autonomous binary options, as well as for their upcoming derivatives protocol!","Solend is an algorithmic and decentralized protocol for borrowing and lending which enables users to earn interest on their assets and borrow to leverage their exposure to an asset. Solend aims to unlock leveraged long/short, interest-bearing collateral tokens, isolated lending and credit markets, among other things.","To make all of this work, Solend uses Pyth for their price oracle feeds whenever the asset is supported!","You can now try out their mainnet!","The Pyth prize winner of the Solana Season Hackathon: SolFarm.io offers leveraged yield farming to its users, has announced leveraging the Pyth network price feeds on their platform!","We are very pleased to continue working with Solfarm’s amazing team.","Sub-second price updates derived from high quality sources can better enable the platform to efficiently handle liquidations when users positions are at risk!","We are proud to have HXRO Network leveraging the Pyth network for its parimutuel markets!","HXRO parimutuel protocol is designed to support fully on-chain, peer to peer liquidity and market functions for a simplified dual-outcome parimutuel market.","In addition, HXRO is building THEO, a decentralized hybrid AMM / Orderbook offering liquidity to both sides of options contracts, will access HiFi market data updating on par with Solana’s latency (400ms).","We cannot wait to see this innovative project launch and finally offer DeFi users a decentralized options platform with diverse products and significant liquidity.","Project Larix aims to become the ultimate lending gateway on Solana by offering various types of valuable assets to its users. With Larix, crypto tokens, stablecoins, NFTs, and more will be accepted as collateral to borrow crypto assets, generate yield, and power the real economy","We are thrilled to have them within the Pyth network and look forward to their application release!","The multiple award winner at the Solana Season Hackathon: we are proud to have Everlend Finance integrating with the Pyth network!","Leveraging HiFi market data and corresponding calculated confidence values will enable Everlend to determine users’ overall positions and maintain the platform’s health even during highly volatile periods!","Further details in Everlend Medium.","The Audaces Protocol, initially released by Bonfida, has integrated with the Pyth network as its primary oracle solution to power its new vAMM protocol built upon Solana.","Audaces Whitepaper","We are happy to see Pyth feeds working as market indices to provide both secure and accurate market data to the platform users!","See it live in action here! About $14 million worth have already been traded with the support of Pyth network feeds on $BTC, $ETH and $SOL!","We are thrilled to have the Solana lending protocol Port Finance integrating with Pyth network to source price data for its supported products. We look forward to Port Finance expansion to the multi-chain world!","But for now, you may check out Port Finance’s Announcement as well as try their platform now available on Solana mainnet.","Apricot Finance is a lending protocol built upon Solana and offers a collateralized loan platform that gives borrowers best-in-class borrowing power and lowest liquidation penalties with the highest predictability.","We are happy to welcome Apricot Finance into the Pyth network !","Synthetify is a synthetic assets platform which aims to provide a bridge between cryptocurrencies, stocks, fiat currencies, and other financial instruments directly from one decentralized exchange.","You can try Synthetify on the Devnet. $SNY was also recently listed on FTX.","Pyth feeds (BTC, SOL, and SRM) are integrated into the dApp to determine the exchange rate between assets to enable users to trade synthetic products.","By now, we believe that you know that the Pyth network protocol is built directly upon Solana. Solana was chosen for being an ultra-fast, high-throughput, and low-latency blockchain with 400ms block times and very low-cost transactions on which Pyth HiFi data will natively be available.","However, the DeFi ecosystem is not limited to a single blockchain — with Ethereum having the lion’s share of the DeFi market with more than $100B of TVL across dApps vs $1B for Solana or Terra — and as time passes by it looks more and more likely that the world of crypto will become even more multichain, each having its own perks and drawbacks.","It is thus important for Pyth to move data from Solana to other well-developed chains that often have completely different structures and capabilities (specifically block times). However, the Solana ~400ms block time serves as the lowest common denominator across major public blockchains in that dimension and gives us the privilege of being able to disseminate our HiFi prices to other chains at their native block speed.","Whether your protocol is located on Ethereum, Terra, or the Binance Smart Chain, you will gain access to HiFi data directly sourced from some of the worldwide biggest financial service providers (see Publishers section).","How?","With the newly launched Wormhole 2.0","Wormhole is not a blockchain but is instead a decentralized attestation engine that leverages its network of guardians to trustlessly bridge information between the chains it supports.","The Wormhole is leaderless — all guardians perform the same computation upon observing an on-chain event and sign a so-called Validator Action Approval (VAA). If a 2/3+ majority of all guardian nodes have observed and signed the same event using their individual keys, then it is automatically considered valid by all Wormhole contracts on all chains and triggers or not actions according to the attestation made.","As of today , the new version of the Wormhole supports bridging in between Solana, Ethereum, Terra and the Binance Smart Chain. “Incorporating new chains is a straightforward governance process and requires no disruption of the activities on the rest of the network.”","Because somewhere in the near future, teams that are ramping up their projects on Ethereum, Terra or BSC (with more chains to be supported by the Wormhole in the future) can start #buidl-ing and implementing a HiFi oracle into their protocol.","More than the oracle perspective, the new Wormhole capabilities unlock many new possibilities for projects and developers that are active on the various Layer-1 protocols supported by this bridge.","Any questions Wormhole related, be sure to join their Discord and ask!","What does it mean to be a Pythian?","For us, it means being part of a tight-knit community that values camaraderie, learning, and long-term thinking about the industry and all the participants within.","The same goes for our Discord server and Telegram group in which we continue to run regular contests and special events with special prizes — including physical merch! — for everyone to showcase what they’ve got.","Think you’re a true Pythian? It’s always your time to shine.","Let’s reflect on some past events where our supporters demonstrated their passion and what they’re capable of.","Pythian Fashion Show","You may have noticed some recent buzz on Twitter with CT denizens showing off their new Pythian swag. Stay cool, stay hydrated, and stay pithy, everyone.","Pythiad Art Expo","Beauty is divine, and to be a Pythian is to partake in divinity. In this spirit, we kicked off the first Pythiad Expo in July.","Among many submissions, a top 10 was decided by the community, from which you may get a glimpse below.","You can see all the exhibits and artists on the Discord! Our artists are just warming up, so stick around for the next expo. There will even be additional rewards for the next batch of distinguished sculptors.","Every Pythian here plays a key role in Pyth development. We look forward to journeying alongside everyone in our quest to accelerate the growth of DeFi. With such a journey ahead of us, we will all need to be prepared — with knowledge and confidence.","Top performers in our quizzes are memorialized in our highscore boards and the best of the best win special rewards, including unique roles and even Pyth swag!","Even though rewards have stopped for the best performers, you may still take on the challenge to test yourself and your knowledge!","Pyth Quiz #1","Pyth Quiz #2","We launched a short contest in collaboration with CryptoKickers, where members of crypto Twitter commented and RT’d for a chance to win a hot pair of NFT sneakers, visible through Phantom Wallet.","Unironically, David’s Michelangelo (or @estertttt) won the random selection! Congratulations!","Old school Pythians will also remember a golden era of NFTs from Pyth earliest days back in April. Since the infamous wen-token NFTs from the Pyth network founding, Pythians have had ample time to prepare for the next NFT contest! Stay tuned…","The community managers are always keen to hear feedback and suggestions for any new event ideas, so come join us either in the Discord or the Telegram channel.","We’ve got abundant love here at the Pyth team and we cannot be more grateful to all of you.","Thanks to you, we now broke past the 20K Twitter followers milestone, and we are also very close to passing 3K Telegram members and recognized Pythians in our Discord!","But love and camaraderie goes beyond metrics. We also want to give a proper shoutout to some avid supporters and artists:","https://twitter.com/cmsintern/status/1419753500637073414","https://twitter.com/nephr0ps/status/1423002570365210624?s=20","SolFarm on Twitter: “Honored to announce our continued partnership with @PythNetwork and their amazing team in our leverage product, utilizing their high quality price feeds to maintain an orderly market. #Solana https://t.co/RTmWHEerS0\" / Twitter","(1) dude ◎ on Twitter: “By the way if you’re a brand like @PythNetwork who sent me merch like this coffee mug, it links to your website. 🦑🤝 https://t.co/wcMIfkvVF7\" / Twitter","And from an anonymous Pythian who really made our Friday: https://twitter.com/PythNetwork/status/1413505867719364609/video/1","This is the end of our 2nd issue of the Pythiad!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1 : The Journey so Far","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-2-liberating-first-party-data"},"/blog/new-pyth-data-provider-hudson-river-trading":{"version":1,"title":"New Pyth Data Provider: Hudson River Trading - Blog - Pyth Network","description":"Hudson River Trading joins Pyth Network to utilize decentralized finance and transform global financial markets with its quantitative trading expertise.","keywords":"","h1":["New Pyth Data Provider: Hudson River Trading"],"h2":["Who is Hudson River Trading (HRT)?"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Hudson River Trading joins Pyth Network to utilize decentralized finance and transform global financial markets with its quantitative trading expertise.","Data Providers","Aug 23, 2021","We are excited to announce that Hudson River Trading, a leading quantitative trading firm with an established presence in global financial and cryptocurrency markets, is joining the Pyth Network to leverage the power of decentralized finance and build something that can transform our financial markets!","HRT was founded in 2002 and now employs more than 500 people around the world using a quantitative approach to problem solving.","HRT is a recognized leader both for on-exchange and off-exchange trading which has lead them to handle about 10% of the daily U.S. stock trading volume.","Hudson River Trading will initially contribute its real-time crypto and equities market data to the Pyth Network.","“HRT is at the forefront of innovation in the world of automated trading and our teams thrive on the excitement of being at the cutting edge of new technologies and projects. This is why we were eager to be a part of the Pyth network as we leverage the power of decentralized finance to build something that can transform our financial markets.” – Brad Vopni, Head of Digital Assets at HRT","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base.","You can read more about our partnership on the Hudson River Trading in the press release.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-hudson-river-trading"},"/blog/new-pyth-data-provider-sig-dt-investments-a-susquehanna-international-group-company":{"version":1,"title":"New Pyth Data Provider: SIG DT Investments - Blog - Pyth Network","description":"SIG DT Investments joins the Pyth Network to boost DeFi growth with ultra-fast, precise price feeds for smart contract developers.","keywords":"","h1":["New Pyth Data Provider: SIG DT Investments"],"h2":["Who is SIG DT Investments / Susquehanna International Group?"],"h3":["Proven Track Record","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","SIG DT Investments joins the Pyth Network to boost DeFi growth with ultra-fast, precise price feeds for smart contract developers.","Data Providers","Aug 26, 2021","We are thrilled to welcome SIG DT Investments, a Susquehanna International Group company, to the Pyth Network to help accelerate the growth of the decentralized finance industry by providing low latency and accurate price feeds to smart contract developers globally.","SIG DT Investments, Inc. (“SIG DTI”) is a member of the Susquehanna International Group of Companies (“SIG”)","Susquehanna International Group was founded in Philadelphia in 1987 and now has over 500 employees working in Trading, Technology, Research, Operations, Compliance, Risk, Legal, Finance, and HR all over the world","They are one of the leading member of the DeFi Alliance — a leading decentralized finance accelerator that aims to bring DeFi to a billion people by 2025","Susquehanna International Group is one of the largest trader of listed stock options in America and moves over 130 million shares daily across 50 countries","Susquehanna is also regularly among the top-five market makers in U.S. stocks traded by retail brokers.","SIG DT Investments will start by providing to the Pyth Network its Bitcoin market data and look to further expand into other cryptocurrencies as the whole network","\"As a leading member of the DeFi Alliance, alongside Jump and other partners of the Pyth Network, we’re committed to accelerating the growth of DeFi by spurring oracle solutions like the Pyth Network. We are invigorated by the innovative ways we’re seeing DeFi applications transforming the financial markets for the better and look forward to continuing to collaborate with industry participants to bring these solutions to fruition.\" – Dean Carlson, Head of Digital Asset Investments at SIG","We look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Susquehanna International Group","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-sig-dt-investments-a-susquehanna-international-group-company"},"/blog/pyth-network-mainnet":{"version":1,"title":"Pyth Network Mainnet Launch - Blog - Pyth Network","description":"Pyth Network launches on Solana! High-fidelity market data from top financial players is now available for DeFi dApp builders.","keywords":"","h1":["Pyth Network Mainnet Launch"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Shein Lists in Hong Kong, Live on Pyth Pro From the First Tick","China's First Humanoid Robot Listing, Now Live on Pyth Pro","Pyth's Asian Equities Expansion: Hong Kong, China, South Korea, and Japan Now Live","The Largest Chip Listing in Chinese History, Now Live on Pyth Pro","Pyth Expands Into Fixed Income: Fenics, OpenYield, and Tradeweb Join The Network","Building Reference Benchmark Indices for the 24/7 Era with MarketVector"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches on Solana! High-fidelity market data from top financial players is now available for DeFi dApp builders.","Announcements","Aug 26, 2021","Today marks the launch of the Pyth Network and Pyth Price Feeds on Solana mainnet.","Just 140 days after our Hello World moment, we are finally making our first-party, high-fidelity data — directly sourced from some of the biggest players in the financial world — open for usage and available to builders looking to create the dApps that will power the future of finance.","More than four months ago, we announced our goal: bringing HiFi market data to DeFi.","We believe that our goal is very ambitious because financial market data is sufficiently unique: there are very few available sources, and those sources have very tightly controlled distribution. In addition, an oracle network needs to be able to combine such latency-sensitive data in way that optimizes not only accuracy but increases security as well given how dependent many blockchain applications are on the accuracy of this type of data.","And today the Pyth Network is a vision coming to life! One that imagines the world of decentralized finance gaining comprehensive access to high-fidelity financial market data.","If you want to review the whole process from the introduction of the Pyth Network to today, we urge you to take some time and read our first two editions of the Pythiad: a monthly newsletter covering the comprehensively the network activity. Pythiad #1 and Pythiad #2.","As of today, the Pyth network already offers coverage of or 30+ assets ranging from cryptocurrencies, equities, and commodities, to foreign currencies — with much more in the pipeline in order to offer to any dApps a high quality streaming price.","To discover all our assets, be sure to check out our markets page, and enjoy the sub-second price update latency with our live charts replaying data available on Solana mainnet.","The current assets supported by Pyth are all sourced from known entities across the globe — with the full list of announced participants available here — that provide to the network quotes every 400ms!","Many more are currently onboarded in order to further strengthen the reliability of the network output — the Pyth Network can currently accept up to 32 individual providers per asset — without at any point compromising on the data quality which is paramount for any oracle aiming to power financial dApps.","On the data provider roster, we’d like to emphasize Virtu, Hudson River Trading, Cumberland, CTC, and Jump Trading Group… which collectively represent a large portion of the trading volume executed on a daily basis in US equities. We also have data from US registered exchanges that grant us a streaming access to the NBBO on various assets. Similarly, on the cryptocurrency markets, we are glad to have welcomed LMAX & FTX — a top 5 worldwide crypto exchange that has been growing exponentially — with many more to come.","Below is the full list of our announced data providers since our Roadmap update earlier in April.","Offering far more than just a HiFi streaming price from, the Pyth Network introduced a “confidence value” to further empower dApps in their comprehension and utilization of market data.","The confidence value can quickly be understood as a function of where trades could be expected to occur at a given time for a particular asset. This value will vary according to each asset & its market structure but mainly it allows the Pyth Network to combine multiple independent observations of the same thing in a more “optimal” way, by giving more weight to observations with smaller uncertainty and less weight to observations with greater uncertainty.","To delve deeper, you can review our medium article on the topic as well as see how Zeta Markets, an upcoming decentralized option protocol, is creating a brand new product with this confidence value: Zeta thread and Pyth thread.","TL;DR: Zeta’s binary options settle to half their payout for both longs and shorts if the strike is within this uncertainty interval. This allows us to provide tradeable, short-term products whilst preventing the risk of random price disagreements close to expiry!","Looking back on our journey, it has been a great one. Initially, the Pyth network planned phase one to only support a few asset classes which includes US Equities and cryptocurrencies. As of today, however, we have supported not only US equities and cryptocurrencies, but also foreign exchange pairs (FX) and commodities (metals), though we have not officially entered the second phase of our expansion plan just yet.","With the way things are progressing on the data provider side, we also tried our best to push the number of blockchains that will support the Pyth Network as a data oracle. In our roadmap, phase 1 will mainly cover the development of the Pyth Network on Solana, Ethereum and Terra. As of now, we can proudly say that we are supporting more than just those three layer-1 blockchains, with the addition of support for Binance Smart Chain (BSC).","Thus, to summarise, here is a quick checklist of what we have accomplished within the last four months:","US Equities, Crypto ✔","Price and Confidence Interval ✔","Market Status Signals ✔","TWAPs ✔","Advanced Aggregation Method ✔","Data Providers Partnerships ✔","DeFi Protocol Integrations ✔","Mainnet has been one of the biggest milestones in our roadmap to date, and thus far we have exceeded our initial expectations not only on data providers, but also on the development side. Alas, looking into the future we are still very determined to bring as many notable data providers into the ecosystem as possible, while also keep adding more layer-1 blockchains and assets support. Here are some of our notable milestones for phase two (after mainnet):","More Data Providers","More DeFi protocols and other applications consuming Pyth Network data","More Layer-1 blockchain supports","Publication of additional documentation of the Pyth Network (Lite Paper and White Paper)","Introduce staking, rewards, and other functionalities","Moving forward, the community will also be a big part of what we are trying to build. As a first-party financial data oracle, we wish to educate as many community members as possible about what our expansion plans are and how we are going to accomplish those. As a result, there will be more emphasis on building the awareness of the Pyth Network through various outlets, including podcasts, and other events.","Builders, come discover where the magic happens! Check out the documentation.","DeFitizens, if you would like to see examples of live applications powered by Pyth Price Feeds, take a look at:","Bonfida Perps (on-chain perpetuals)","Port Finance (borrow/lending)","Solend (borrow/lending)","If you have any questions, reach out in Discord or Telegram .","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","EDIT: January 31, 2024: This blog post was edited to reflect the facts of the newest whitepaper.","Blog","Sep 1, 2026","Aug 19, 2026","Jul 30, 2026","Jul 27, 2026","Jul 15, 2026","Jun 16, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-mainnet"},"/blog/new-pyth-data-provider-bitstamp":{"version":1,"title":"New Pyth Data Provider: Bitstamp - Blog - Pyth Network","description":"Bitstamp joins Pyth Network to transform financial data collection & distribution. The world's longest-running crypto exchange strengthens the network.","keywords":"","h1":["New Pyth Data Provider: Bitstamp"],"h2":["Who is Bitstamp?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Bitstamp joins Pyth Network to transform financial data collection & distribution. The world's longest-running crypto exchange strengthens the network.","Data Providers","Sep 13, 2021","We are thrilled to welcome Bitstamp, the world’s longest-running exchange, to the Pyth Network in order to revolutionize how financial market data is collected and distributed!","Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders, and leading financial institutions since 2011.","Bitstamp has consistently ranked in the top 10 spot markets, in terms of volume for almost a decade and is now trusted by over 4 million customers.","Proven Track Record:","It has built a reputation as one of the most trustworthy and reliable platforms, with the best uptime in its industry.","Over the last year, the exchange has listed 22 new assets and over 70 new trading pairs, while introducing a range of new services, the latest being Bitstamp Earn, its staking service.","Bitstamp will initially contribute its real-time crypto (BTC/USD) market data to Pyth Network.","\"The Pyth Network with its specialized oracle solution for latency-sensitive financial data presents an important building block in the next-generation DeFi crypto market infrastructure,\" said Miha Vidmar, Bitstamp’s Chief Product Officer. \"Decentralized finance relies on high-fidelity, time-sensitive, and real-world input. The Pyth Network focuses on new ways of bringing live data on the blockchain and aggregating it securely. By providing smart contracts with decentralized access to live-stream info that they need, Pyth Network has the potential to build the future of next-generation DeFi apps that present the cornerstone of the DeFi evolution.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Bitstamp","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-bitstamp"},"/blog/new-pyth-data-provider-jane-street":{"version":1,"title":"New Pyth Data Provider: Jane Street - Blog - Pyth Network","description":"Pyth Network welcomes Jane Street, a leading market-making firm, to revolutionize financial infrastructure with speed, transparency, and accessibility.","keywords":"","h1":["New Pyth Data Provider: Jane Street"],"h2":["Who is Jane Street?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Jane Street, a leading market-making firm, to revolutionize financial infrastructure with speed, transparency, and accessibility.","Data Providers","Aug 30, 2021","We are thrilled to welcome Jane Street, a premier and dynamic market-making firm, to Pyth Network in order to rewire the current financial infrastructure in a way that is not only faster and more cost-efficient but also fully transparent and making it available to the masses!","Jane Street was founded in 2000 with now a worldwide presence with offices in New York, London, Amsterdam, and Hong Kong.","Jane Street is a quantitative trading firm and liquidity provider widely regarded for its proprietary trading models and quantitative computing power that places them at the forefront of market structure in equities, bonds, options, and ETFs globally","Starting in late 2017, the firm has started to actively trade crypto assets and continues to do so until the present day.","Over 2020, Jane Street has traded more than $17 trillion worth of securities. Specifically, the firm accomplished $4 trillion in traded volume in Equities, while traded $3.9 trillion in volume for ETFs within the year (source: FT).","The company is active in over 5,000 ETFs worldwide and we continuously refine our quantitative models and cutting-edge technology to provide order-book liquidity in over 45 countries.","As one of the world’s finest market-makers, Jane Street owns more than $15 billion in trading capital and is believed to hold about $50 billion in securities on any given day, much more than many of its rivals (source: FT).","Jane Street will initially contribute its real-time crypto market data to Pyth Network with plans to later expand into equities and other products as the network continues to scale.","“Jane Street has been an active participant in the crypto markets, and we are continuously exploring ways to advance the ecosystem,\" said Ian McGuinn, Head of Crypto Business Development at Jane Street. \"We see the promise of the Pyth Network, with its innovative use of the blockchain to increase transparency, efficiency, and security in financial data. By providing our unique market data on-chain in real-time, we look forward to playing a role in the Pyth Network’s growth.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Jane Street","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-jane-street"},"/blog/new-pyth-data-provider-dv-chain":{"version":1,"title":"New Pyth Data Provider: DV Chain - Blog - Pyth Network","description":"PythNnetwork welcomes DV Chain, an OTC trading platform, to democratize market data distribution with deep liquidity and advanced tech.","keywords":"","h1":["New Pyth Data Provider: DV Chain"],"h2":["Who is DV Chain?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","PythNnetwork welcomes DV Chain, an OTC trading platform, to democratize market data distribution with deep liquidity and advanced tech.","Data Providers","Sep 15, 2021","We are proud to welcome DV Chain, an over-the-counter (OTC) trading platform offering deep liquidity and cutting-edge technology to institutional clients, professional traders, and exchanges, to the PythNnetwork in the shared mission to transform and democratize the distribution of market data.","DV Chain is an affiliate of DV Trading, a Chicago-based proprietary trading firm, and also an affiliate of Independent Trading Group, a Canadian broker-dealer.","Co-founded by professional traders in the futures and equities space, DV Chain offers trading solutions designed to ensure liquidity and efficient processing to support its clients’ business objectives, allowing them to efficiently mitigate risk.","DV Chain provides 24/7 liquidity and market-making services to institutional clients and exchanges within the cryptocurrency ecosystem.","DV Chain will initially contribute its crypto-asset market data to the Pyth network.","\"At DV Chain, we are committed to providing institutional clients, exchanges, and professional traders with bespoke cryptocurrency liquidity solutions, and further generating opportunities within the marketplace that offer greater transparency and efficiency,\" said Garrett See, DV Chain Director and Co-Founder. \"We are thrilled to partner with the world’s most innovative market makers, exchanges, and traders to further position the Pyth Network as the next-generation oracle solution and the future of decentralized finance.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about DV Chain","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-dv-chain"},"/blog/new-pyth-data-provider-amber-group":{"version":1,"title":"New Pyth Data Provider: Amber Group - Blog - Pyth Network","description":"Pyth Network welcomes Amber Group, a global crypto leader, to enhance market accessibility and transparency for traders.","keywords":"","h1":["New Pyth Data Provider: Amber Group"],"h2":["Who is Amber Group?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Amber Group, a global crypto leader, to enhance market accessibility and transparency for traders.","Data Providers","Sep 16, 2021","We are proud to welcome Amber Group, a leading global crypto trading and technology firm, to the Pyth Network in order to make markets more accessible and transparent for trading participants!","Amber Group is one of the world’s leading crypto finance service providers, operating 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver.","To date, the company has raised a total of 128 million in funding from China Renaissance, Tiger Brokers, Tiger Global Management, Area Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Fund, Gobi Partners, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital, and Fenbushi Capital.","Founded in 2017, the Amber Group has over $1.5 billion in AUM.","Since Amber Group has cumulatively traded over $500 billion and is now integrated with 100+ exchanges and trading venues across the globe.","Through the partnership, Amber Group will contribute its first-party crypto-asset market data to the Pyth Network.","“Joining the Pyth Network was an obvious decision for us as we share a common goal to make markets more accessible and transparent for trading participants through blockchain technology and decentralized finance,” said Michael Wu, Chief Executive Officer of Amber. “The Pyth Network is one of the most exciting and promising projects that we’ve seen hit the ecosystem and we look forward to providing our crypto data to help it flourish.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","You can read more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Amber Group","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-amber-group"},"/blog/new-pyth-data-provider-galaxy-digital":{"version":1,"title":"New Pyth Data Provider: Galaxy Digital - Blog - Pyth Network","description":"Galaxy Digital joins Pyth Network to accelerate DeFi institutional adoption, leveraging expertise in digital assets and crypto services.","keywords":"","h1":["New Pyth Data Provider: Galaxy Digital"],"h2":["Who is Galaxy Digital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Galaxy Digital joins Pyth Network to accelerate DeFi institutional adoption, leveraging expertise in digital assets and crypto services.","Data Providers","Sep 23, 2021","We are excited to have Galaxy Digital Holdings Ltd., a pre-eminent global provider of digital assets and cryptocurrency financial services for institutions, joining the Pyth Network in order to drive the institutionalization of DeFi.","Galaxy Digital Holdings Ltd. is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors","Galaxy Digital (TSX: GLXY) is a publicly-traded company on the Toronto Stock Exchange","In June 2021, Galaxy announced that it is serving as a liquidity provider for Goldman Sachs’ Bitcoin futures block trades on the CME Group, as Goldman expands its cryptocurrency offering","Proven Track Record:","As of July 31, 2021, Galaxy Digital Asset Management reported a preliminary AUM that surpassed $1.6 billion","In partnership with Alerian and S-Network Global Indexes, Galaxy has recently launched 8 blockchain indexes for passive investors to access the emerging digital-assets ecosystem. Constituents include Facebook, Alphabet, Microsoft, Mastercard, Square, and Coinbase","Galaxy Digital will initially contribute its real-time crypto market data to the Pyth network.","“Pyth is a prime example of this as it fulfills the need for highly credible, transparent market data that we view will be a huge cornerstone of our future financial system,\" said Mike Novogratz, CEO and Chairman of Galaxy Digital. \"We are pleased to provide our market data and technological infrastructure to support strong projects like Pyth that present compelling fundamentals to advance the crypto economy and the future of finance.”","“As one of the fastest-growing sectors in crypto, we are bullish on DeFi and energized by the various use cases that have taken hold in the marketplace like Pyth to standardize trusted financial market data across the board and make it more accessible and transparent,\" said James Roth, Business Development at Galaxy Digital. \"We are excited to be a part of such a stimulating project and group of bold innovators as we continue to find ways to support builders and better our financial ecosystem through blockchain technology.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Galaxy Digital","Learn more about Pyth Network","We can't wait to hear what you think! Feel free to join us on the Pyth Discord server, follow Pyth on Twitter, and Telegram to learn more, and ask any questions you may have.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-galaxy-digital"},"/blog/pyth-root-cause-analysis":{"version":1,"title":"Root Cause Analysis Report | Sep 2021 - Blog - Pyth Network","description":"Pyth BTC/USD price plummeted below $40000 on Sep 20th, impacting Solana programs reliant on the aggregate price feed. \n","keywords":"","h1":["Root Cause Analysis Report | Sep 2021"],"h2":[],"h3":["Root Cause","Remediations"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth BTC/USD price plummeted below $40000 on Sep 20th, impacting Solana programs reliant on the aggregate price feed.","Events","Sep 22, 2021","Between 12:21 and 12:23 UTC on Monday, Sep. 20, 2021, the Pyth BTC/USD aggregate price had several sharp dips below $40000 reaching as low as $5402 and the confidence intervals became extremely wide. Here is a graph of the Pyth BTC/USD price series for the time period in question, plus two minutes on either side:","Several Solana programs relying on Pyth prices were impacted by this incident. The impact was exacerbated due to some programs relying on the aggregate price feed without using the confidence, which allowed liquidations to occur even though the published price was highly uncertain.","The issue was caused by the combination of (1) two different Pyth publishers publishing a near-zero price for BTC/USD and (2) the aggregation logic overweighting these publishers’ contributions.","Both publishers encountered problems related to the handling of decimal numbers. The on-chain Pyth program uses a fixed-point number representation, where each number is represented as the combination of an integer plus a number of decimal points called the exponent. For example, $52.21 might be represented as 52210 and an exponent of 10^-3. The exponent is defined per-Pyth product; for example, all prices submitted to BTC/USD should use the exponent 10^-8. Publishers are expected to read this per-product exponent, then use it to convert their floating-point price into an integer, then publish that integer price to Pyth.","The first publisher was using a Pyth utility program to generate and submit their Solana transactions. This publisher encountered a bug in which they submitted their price as a floating-point number where this utility expected an integer. Instead of throwing an exception, the utility automatically converted the floating-point number to the integer 0 and published it. The second publisher encountered a race condition between two programs that resulted in them reading an exponent of 10^0 for BTC/USD instead of 10^-8 for the 2-minute interval of the incident. The following is a graph of the aggregate price with the publisher prices overlaid:","The Pyth aggregation logic combined these prices with 9 other publishers resulting in a low aggregate price with a wide confidence interval. The logic uses a weighted median to compute the aggregate price where each publisher’s weight is inversely proportional to their confidence interval plus an outlier detection score, then capped at a maximum. The computation compares confidence intervals in dollar terms, not relative to the quoter’s price. Hence, both $100 +- 1 and $1 +- 1 get the same weight, even though the first interval represents 1% of the price and the second 100%. A lower price necessitates a smaller confidence interval in dollar terms; therefore, both of the near-zero prices received disproportionately large weights in the aggregate. Furthermore, the outlier detection score is defined as the distance to the publisher’s nearest neighbor; in this case, two publishers were near zero, so the outlier score was also small. Consequently, both publishers were assigned high weight in the weighted median computation, which dragged down the aggregate price and widened the confidence interval.","Pyth core developers are taking several steps to prevent these issues from happening again.","First, the developers are making several changes that reduce the probability that publishers produce incorrect prices due to software errors, including developing a suggested integration testing protocol that publishers can run to validate their software changes. This process will make it easy for publishers to record market data on testnet and validate it with statistical sanity checks. The developers are also improving the monitoring tools for publishers to help them respond quickly to anomalous data in mainnet.","Second, the developers are adjusting the aggregation logic to properly weight prices that span a large range of values. The current weighting scheme failed because confidence intervals are compared on an absolute basis. The new aggregation logic will derive its weights from relative price differences, which will prevent the naturally smaller confidence intervals of lower prices from overly affecting the aggregate.","Third, the developers are creating enhanced documentation, best practices, and example code for protocols integrating with Pyth which will emphasize the importance of utilizing both the price and confidence interval as the best way to accurately reflect the market. This design is more complex for integrators but it provides a better picture of the market and takes into account possible real-world scenarios where the market price for an asset can diverge across venues. The developers are also reaching out to protocols currently using Pyth to ensure that they use our price feeds in a robust manner.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-root-cause-analysis"},"/blog/new-pyth-data-provider-memx-digital-assets":{"version":1,"title":"New Pyth Data Provider: MEMX Digital Assets - Blog - Pyth Network","description":"MEMX joins Pyth Network, a market operator committed to fair, transparent, and efficient financial innovation for the investment community.","keywords":"","h1":["New Pyth Data Provider: MEMX Digital Assets"],"h2":["Who is MEMX?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","MEMX joins Pyth Network, a market operator committed to fair, transparent, and efficient financial innovation for the investment community.","Data Providers","Oct 6, 2021","We are delighted to welcome MEMX, a market operator founded by a diverse group of participants, in the Pyth Network to be at the forefront of financial innovation that benefits the broad investment community.","Founded in 2019 by diverse members of the global financial community, Members Exchange is an innovative, customer-centric market operator, focused on creating and promoting a fair, transparent, and efficient experience for all investors.","The exchange commenced trading on September 21, 2020, and offers a new option to investors, with a simpler platform and features to benefit both retail and institutional investors.","MEMX will form a new entity, MEMX Digital Assets, using its own technology, maintained in the cloud, to consume MEMX exchange data and periodically publish a subset of that data to the Pyth network.","In its first year of operation, MEMX grew to be the largest independent exchange with the sixth-largest market share of the sixteen U.S. equity exchanges.","The exchange trades more than 7,500 symbols and continuously quotes at the best market prices in thousands of securities throughout much of the day.","MEMX will help the Pyth Network scale by providing robust, trusted, and verifiable equities market data on-chain.","\"At MEMX, we are committed to financial innovation that benefits the broad investment community,\" said Jonathan Kellner, CEO of MEMX. \"We want to make our exchange data accessible to participants, wherever they are interested in consuming it, and the Pyth network is an exciting opportunity to bring high-fidelity data directly to Defi consumers. We are excited to support this effort by providing MEMX’s robust equities exchange data to the Pyth Network.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about MEMX","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-memx-digital-assets"},"/blog/pythiad-3-pyth-laboured-in-september":{"version":1,"title":"Pyth Laboured in September | Pythiad #3 - Blog - Pyth Network","description":"Pyth continues to grow! This post explores our history, partners, and thanks our community for their support and feedback.","keywords":"","h1":["Pyth Laboured in September | Pythiad #3"],"h2":["Coming up","Pyth Laboured","Solana and Beyond","Our Publishers","Upcoming Projects","The Pythian Community"],"h3":["Pyth to Solana Mainnet!","New feeds in the Pyth network","Website Wonders","Best practices","Solana Ignition Hackathon","We are bridging with Wormhole","Why do first party data providers matter?","New Providers","Jane Street","Susquehanna International Group","Hudson River Trading","Bitstamp","DV Chain","Amber Group","Galaxy Digital","GMO Coin","01 Protocol","Drift","Jet Protocol","Solrise","Synthetify","Inaugural Pyth event","wen-token-#3","Where you can “follow us”","General Shoutouts"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth continues to grow! This post explores our history, partners, and thanks our community for their support and feedback.","Newsletter","Oct 3, 2021","Welcome to the third installment of the Pythiad!","For those who missed Pythiad #1 & Pythiad #2, be sure to check them out on our blog page. We covered just about the entire history of Pyth, from our ‘hello world’ moment to our various partners, including the impressive growth of our data providers and partner projects utilizing the Pyth feeds.","To our followers, we say thank you again for all your support, feedback, and positivity! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there is much to discuss.","Pyth Laboured","Solana and Beyond","Our Publishers","Upcoming Projects","The Pythian Community","Since the last release of the Pythiad newsletter, a lot has happened. We are committed to keeping all Pythians in the loop on Pyth network’s developments. We’re kicking off issue #3 with coverage on everything that’s occurred in the month of September.","We did it in less than 140 days. That’s right: 140 days after our Hello World moment in April 2021, the Pyth network finally made its 1st party data — directly sourced from some of the biggest players in the financial world — open to all the Solana mainnet in August 2021. Builders on the Solana blockchain (and soon, other chains) looking to create the next generation of financial services dApps will want to read the Pyth docs to get started and join the Discord to ask any questions or discuss.","For more details, check out the Pyth mainnet blog post here.","The crypto world never sleeps, and new tokens appear every day across the vast expanse of permissionless markets. Pyth network is designed for sourcing only first-party data for multiple reasons relating to quality, speed of access, and legal factors. This means that there may be hurdles to immediately listing some of the newer and shinier tokens as price feeds, as reliable sources need to be secured. The team continues to work on getting those “long tail” data sources up and running, and we thank everyone again for their patience.","Nevertheless, within the month of September, a total of 15 markets have been added to the network:","AUD/USD (FX)","COPE/USD (Crypto)","HXRO/USD (Crypto)","MIR/USD (Crypto)","MNGO/USD (Crypto)","NZD/USD (FX)","RAY/USD (Crypto)","SNY/USD (Crypto)","USD/CAD (FX)","USD/CHF (FX)","USD/CNH (FX)","USD/HKD (FX)","USD/MXN (FX)","USD/ZAR (FX)","To review all of our available price feeds, have a look at our markets page. We welcome all feedback and requests regarding the next set of instruments and asset classes — the world of data is big, and we are just getting started here at Pyth!","REMINDER: Market data shown on the website for devnet and testnet price feeds are sourced from the Solana testnet and devnet. As the name suggests, testnet and devnet are for data providers testing and should be seen as a demonstration only — prices may not reflect real-world data.","Have you checked out the Markets page since the last Pythiad?","Following our go-live on mainnet, you may now check out the price feeds now provided by the Pyth network on Solana mainnet which are directly usable by any protocol.","Having a hard time following all our new 1st party data providers?","Fear no more, as we now have a brand new section “Publishers”, which lists all of our wonderful participants of the Pyth network. Be sure to check this regularly, as the network will continue to grow extensively and at the same rapid pace!","The error experienced for 2 minutes on the Pyth BTC/USD feed also highlighted a need to further explain and support protocols to implement the Pyth confidence interval in their programs and efficiently battle when markets actually experience high volatility.","In a previous blog post, we introduced what was confidence (or uncertainty) in a price — you can read it here.","On Monday, Sep. 20, 2021, a particular BTC/USD slot reached as low as $5,402 with a confidence interval of over $21K. From a human perspective, when querying the price of something, if your source of knowledge would provide you a price with a potential error margin of 4x its price, it would be natural to be careful and doubt this initial valuation.","Pyth represents these possibly different prices by giving its users a probability distribution over price instead of just a single price. The price of the product is drawn from a normal distribution centered on the Pyth price with a standard deviation equal to the confidence interval. If markets are behaving normally, then the confidence interval will be tight — typically much less than 1% of the price — and the normal distribution will be highly peaked. However, at unusual times, the confidence interval can widen out dramatically.","As our first action, we released earlier this week, a “best practice” guide in the Pyth network docs section — developers as well non-developers should take some time to read as this is a great primer on what we expect from the confidence value returned by the protocol.","Any questions? Come ask in our socials (all linked at the end of this blog).","Pyth has been running since April this year and we are now sponsoring our second Solana Hackathon. After the Solana Season Hackathon in May, here we are again. We’re excited to see the results of everyone’s hard work once the Solana Ignition Hackathon concludes on October 15th!","During the first hackathon, Pyth was only available on Solana devnet, and the website was unveiled for that occasion! To inspire the participating protocols at that time, Pyth sponsored a prize track of $25K (won by the Solfarm.io team). If you want to jump back in time, you may review our Pythiad #1 or Twitter thread in which we highlight all the builders from this hackathon.","Another Pyth prize is up for grabs for Ignition. This time, $30K will be awarded to the best integration using Pyth network’s HiFi price feeds. Even if you only started building on Solana testnet or devnet for the hackathon, leveraging Pyth network will enable you to launch your protocol as soon as you want on Solana mainnet too. We look forward to everyone’s submissions!","We also look forward to seeing some of you during Solana Breakpoint in Lisbon from November 7–10th.","A couple of weeks ago, Wormhole, the keystone component for bringing Pyth data to any chain, officially released its bridge between Ethereum to Solana, with support for NFT’s and ERC-20 tokens. This initiative will unlock many possibilities for asset transfers as the crypto world starts to embrace Layer-1 interoperability. The Wormhole will also integrate with other notable L1s such as Terra and BSC. The development for the bridge with Terra is nearing completion, and there should be another announcement coming from the team when the bridge is ready for mass adoption.","The purpose behind integrating Pyth with Wormhole’s capability of bridging L1s is to make Pyth’s oracle data available to all chains. First-party financial data is inaccessible to the majority of people: with this integration, projects will be able to utilize our data feeds, regardless of what chain they build on. We look forward to more projects outside of Solana to begin integrating with us.","We have already touched on the importance of having high-quality and first-party data sources in our last two posts (substack #2 or Pythiad #2). A crypto selloff experienced on September 7th, 2021 brought renewed attention to our design choice.","Bitcoin and ether plummet 17% as broad sell-off batters crypto on the day El Salvador adopts bitcoin as legal tender (source Markets Insider, Sept 7)","Analysts point to overleveraged traders after Bitcoin flash crashes to $43K. Traders were hit hard as $3.5 billion in liquidations took place as Bitcoin price crashed below $43,000. (source CoinTelegraph, Sept 8)","In the history of crypto markets, a 17% selloff on its major coin (Bitcoin) is not such a rare event: during the “COVID crash” on the 14th March 2020, BTC quickly lost about 40% of its value in a one-day timeframe; and on the January 21st, 2021, 24 hours after breaking its ATH, Bitcoin plunged by 20%.","But more so than the “appropriate valuation” of an asset, the more interesting question for Pyth network (and our partner protocols) was to see how both our individual data publishers and the overall Pyth network was able (and also not able) to reflect a sharp price evolution in such a short time frame.","For comparison purposes, looking back at the spot price of BTC(/USD) on the top 10 worldwide crypto exchanges (which represents on average about 75% of the total volume traded), anyone had a few minutes to purchase one Bitcoin for approximately $43,000 (varying across exchange) on September 7th, 2021.","Compare the BTC/USD spot price graphs for FTX, Binance, and Bybit:","Below is a snapshot of the Pyth network aggregated price feed for BTCUSD taken during the September 7th selloff. The lowest Pyth BTCUSD price aggregated and distributed to the Solana blockchain (and apps leveraging our feeds) was almost exactly similar to the drop experienced by all stakeholders that day: $43,000. Reviewing other oracles and data sources proves that not all price feeds were able to keep up with this volatility.","This demonstrates well that both our individual 1st party-data providers (more than a dozen were active that day on this specific feed, with exchanges and trading firms among them), as well as the Pyth aggregated price feed, managed to match this highly volatile market environment with a great level of accuracy.","This event strongly affirms our decision to onboard only 1st party data providers — which often, if not always, have the best and fastest access to market data, and are able to serve it to the Pyth network and (by extension) our feed recipients with a delay almost indistinguishable from real life. While third-party data may be perfectly sufficient for certain protocols, the aim of Pyth is to provide high fidelity reliable data from institutional grade sources in order to serve a more complex and sophisticated market.","In just over a month, Pyth network has continued to welcome a significant number of high-performing data providers — some being worldwide actors in the traditional financial markets, and others as leaders of services within the crypto ecosystem.","A well-diversified set of partners enables Pyth to offer a wide set of markets (crypto, equities, FX, commodities) to users who otherwise would not have access to such HiFi data. Below is a summary of new participants who have joined the network since the last Pythiad. Be sure to check out our website for the full list.","Jane Street is a quantitative trading firm and liquidity provider widely regarded for its proprietary trading models and quantitative computing power that places them at the forefront of market structure in equities, bonds, options, and ETFs globally","Over 2020, Jane Street has traded more than $17 trillion worth of securities. Specifically, the firm accomplished $4 trillion in traded volume in Equities, while traded $3.9 trillion in volume for ETFs within the year (source: FT).","The company is active in over 5,000 ETFs worldwide and we continuously refine our quantitative models and cutting-edge technology to provide order-book liquidity in over 45 countries.","They are one of the leading members of the DeFi Alliance — a leading decentralized finance accelerator that aims to bring DeFi to a billion people by 2025","Susquehanna International Group is one of the largest traders of listed stock options in America and moves over 130 million shares daily across 50 countries","Susquehanna is also regularly among the top-five market makers in U.S. stocks traded by retail brokers.","HRT was founded in 2002 and now employs more than 500 people around the world using a quantitative approach to problem-solving.","HRT is a recognized leader both for on-exchange and off-exchange trading which has led them to handle about 10% of the daily U.S. stock trading volume!","Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders, and leading financial institutions since 2011.","Bitstamp has consistently ranked in the top 10 spot markets in terms of volume for almost a decade and is now trusted by over 4 million customers.","DV Chain is an over the counter (OTC) trading platform offering deep liquidity and cutting-edge technology to institutional clients, professional traders, and exchanges","DV Chain is an affiliate of DV Trading, a Chicago-based proprietary trading firm, and also an affiliate of Independent Trading Group, a Canadian broker-dealer.","DV Chain provides 24/7 liquidity and market-making services to institutional clients and exchanges within the cryptocurrency ecosystem.","Amber Group is one of the world’s leading crypto finance service providers, operating 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver.","Founded in 2017, the Amber Group has over $1.5 billion in AUM.","Since Amber Group has cumulatively traded over $500 billion and is now integrated with 100+ exchanges and trading venues across the globe.","Galaxy Digital Holdings Ltd. is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. Galaxy Digital (TSX: GLXY) is a public-listed company on the Toronto Stock Exchange","In partnership with Alerian and S-Network Global Indices, Galaxy Digital has recently launched 8 blockchain indexes for passive investors to access the emerging digital-assets ecosystem. Constituents include Facebook, Alphabet, Microsoft, Mastercard, Square, and Coinbase.","Galaxy Digital also partners with Invesco to offer a Bitcoin Exchange-Traded Fund (ETF) in the United States. The filing is still currently pending the SEC decision.","GMO Coin was established in October 2016 as a crypto assets exchange business company and registered as a crypto assets exchange in July 2018.","GMO Coin is also registered as a Type I Japanese Financial Instruments Business since May 2020","GMO Coin has a total volume traded of about $500 million traded on a daily basis across its various assets — with all markets being traded are versus the Japanese Yen","We still look forward to welcoming many more reputable and high-quality data publishers to our network and co-build the next digital marketplace of institutional grade, high fidelity financial data.","The Solana Hackathon will conclude in two weeks. Excitement is in the air! In this spirit, we will present 5 partner projects looking to release their protocols to mainnet relatively soon that should (and deserve to) catch your attention.","01 is “one of the first protocols to officially launch an entirely new type of DeFi-native derivative product: everlasting options. Everlastings are options that never expire (∞) and that constantly readjusts its strike price so that traders can be exposed to options without the need to select a strike, select an expiry time, or manually roll over their funds at expiry.” You can read more here and go check out their devnet, which has been live for more than 2 weeks now","Drift Protocol is a decentralized exchange for perpetual futures on Solana. It features cross margined trading accounts and a virtual AMM (vAMM) for price discovery mechanism. In addition to a rebalancing vAMM, the main innovation of the protocol is high capacity cross margin trading across a large selection of markets (up to 1000). After a closed alpha devnet, the Drift team has just made its protocol open for everyone to use couple of days ago, be sure to try it out here.","Jet Protocol is an open-source, non-custodial, borrowing, and lending protocol built on the Solana Blockchain. Jet will innovate on battle-tested governance models from existing protocols, skewing towards community ownership and engagement. The most important aspect of this governance-first approach is to build an inclusive community to research, design, and implement useful lending products. We highly recommend you to go read their whitepaper as well as try their devnet that has been available since mid-September.","You probably heard from Solrise a few days ago about an exciting additional feature that they have been building with Serum and Civic separately from their decentralized fund manager platform. TL;DR Solrise DEX Pro is Solana’s first permissionless DEX that uses Civic Pass as the underlying identity technology to determine which participants meet rigorous standards for verification prior to allowing them to trade — this will enable to onboard the large capital allocators like institutional investors who have to meet stricter regulations. But back to the Solrise Core, the team has been building a simple, highly functional fund management protocol that can be adapted and expanded with further integrations to provide a universal solution for pooling funds under a manager on the Solana blockchain. After a successful devnet competition DAWN, more exciting arrives at their DAWN II competition arrives on mainnet on October 18th!","Synthetify is a synthetic assets platform that aims to provide a bridge between cryptocurrencies, stocks, fiat currencies, and other financial instruments directly from one decentralized exchange.","After a recent NFT drop to the community, some tease around Synthetify merch, and constant UI/UX improvements to the community navigating with ease on the platform, the Synthetify team has announced launching their mainnet next week! If you want to already try their devnet, this is here.","Supported by our wonderful partners and hosted by Jump, Cumberland, LMAX, Hudson River Trading, and Jane Street, the Pyth community gathered for its inaugural event in New York City on the back of the Messari Mainnet conference.","It was truly amazing to see all of our amazing partners come together in person. The sizeable attendance was testimony to the energy and enthusiasm behind this growing project. The gathering further fueled our commitment to Pyth and our belief in the long-term impact Pyth will have on the industry for both data providers and consumers.","While no official announcement has been made so far on tokens, investment, and anything relating to such, we do understand our Pythians’ interest in learning the ins and outs of the project as well as to directly participate.","As soon as the project revealed itself to the public, the infamous ‘wen’ question flooded both the Pyth telegram and Discord (the latter having built a channel for catharsis: #wen-token).","Two NFTs of purely sentimental and aesthetic value — wen-token & wen-token-2 — were minted at 1,000 units and made freely claimable for Discord members during the months of April and May.","A long time has passed since those days. We are now ready to welcome the wen-token-3 to our community!","Unlike the first two versions, which were made by the Pyth team, wen-token-3 is originating from the community itself. For the last two weeks (ended on 29th September), anyone could submit their artwork to Discord for community voting. The most upvoted piece by Sunday, October 3rd will become the artwork for wen-token-3.","Alongside the submission of the artwork, you could submit your Solana wallet address to be airdropped this wen-token-3. In fact, 1,432 Pythians have already done so and will receive this community-made NFT from Monday 4th.","To go vote → Community vote form","Have you checked out our substack yet?","The Pyth substack, HiFi for DeFi, just had its 4th bi-weekly newsletter published to subscribers’ mailboxes. Don’t forget to subscribe and share it with friends and family!","This week, we have a new entrant in the Pyth channel mix (from which we expect big things): the Pyth network subreddit.","We look forward to seeing everyone there. There ought to be some great discussions, especially since Pyth network’s offering includes equity price feeds.","Where are all the places to keep updated on all things Pyth, whether it’s about data providers, protocols, or the general ecosystem?","Discord","LinkedIn","Medium","Reddit","Substack","Twitter","Telegram","Telegram Announcements","We’ve got abundant love here at the Pyth team and we cannot be more grateful to all of you!","Thanks to you, we have broken past the 30K Twitter followers milestone, 5K verified members (Pythians) in our Discord, and close to the 4K on Telegram.","But love and camaraderie go beyond metrics. We also want to give a proper shout-out to some avid Pythians expressing their passion and support:","https://twitter.com/redacted_j/status/1443195634283073548","https://twitter.com/Wizardofsol/status/1442238323590774786","https://twitter.com/SnyIntern/status/1440994353636380673","https://twitter.com/madpopes/status/1441217273864368130","This is the end of Pythiad #3!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-3-pyth-laboured-in-september"},"/blog/new-pyth-data-provider-gmo-coin":{"version":1,"title":"New Pyth Data Provider: GMO Coin - Blog - Pyth Network","description":"Pyth Network welcomes GMO Coin, a leading Japanese crypto asset exchange, expanding access to real-world data for standardized market insights.","keywords":"","h1":["New Pyth Data Provider: GMO Coin"],"h2":["Who is GMO Coin?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes GMO Coin, a leading Japanese crypto asset exchange, expanding access to real-world data for standardized market insights.","Data Providers","Sep 28, 2021","We are thrilled to have GMO Coin, the crypto assets trading subsidiary of GMO Internet Inc., joining the Pyth Network to unleash their real-world data on-chain to standardize market data access and bring it to the masses. We are excited to extend the global reach of Pyth with one of the strongest institutions in Japan.","GMO Coin was established in October 2016 as a crypto assets exchange business company and has registered as a crypto assets exchange in July 2018.","GMO Coin is also registered as a Type I Japanese Financial Instruments Business since May 2020","GMO Coin is part of the GMO Internet Inc. group, the latter being listed on the Tokyo Stock Exchange (TYO: 9449)","GMO Coin has a total volume traded of about $500 million traded on a daily basis across its various assets — with all markets being traded are versus the Japanese Yen","Through the partnership, GMO Coin will contribute its first-party crypto-asset market data to the Pyth Network.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about GMO Coin","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-gmo-coin"},"/blog/new-pyth-data-provider-flow-traders":{"version":1,"title":"New Pyth Data Provider: Flow Traders - Blog - Pyth Network","description":"Flow Traders joins Pyth Network, boosting on-chain real-world data speeds. Pyth’s oracle solution enhances sub-second data delivery for finance.","keywords":"","h1":["New Pyth Data Provider: Flow Traders"],"h2":["Who is Flow Traders?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Flow Traders joins Pyth Network, boosting on-chain real-world data speeds. Pyth’s oracle solution enhances sub-second data delivery for finance.","Data Providers","Oct 7, 2021","We are pleased to have Flow Traders joining the Pyth Network, a next-generation oracle solution designed to bring real-world data on-chain on a sub-second timescale.","Founded in 2004, Flow Traders is a leading global financial technology-enabled liquidity provider in financial products.","Historically specializing in Exchange Traded Products (ETPs), Flow Traders now ensures the provision of liquidity to support the uninterrupted functioning of financial markets across multiple asset classes, enabling investors to continuously buy or sell ETPs or other financial instruments under all market circumstances.","Flow Traders joins a prominent community of trading firms, market makers, and exchanges committed to the Pyth Network, including Jump Trading Group, IEX, Cumberland DRW, Hudson River Trading, Jane Street, and Susquehanna International Group, among others.","Flow Traders will initially provide crypto asset data to the Pyth Network, with plans to expand across asset classes as the Pyth Network continues to expand.","\"We are delighted to have joined the Pyth Network. Flow Traders is hugely supportive of initiatives such as those being advanced by Pyth which not only will improve the accuracy and quality of market data but also seek to democratise this data among multiple actively contributing market participants,\" said Dennis Dijkstra, CEO of Flow Traders. \"We believe that this will help to establish greater efficiency and transparency in the markets, in line with Flow Traders‘ longstanding beliefs.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Flow Traders","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-flow-traders"},"/blog/new-pyth-data-provider-gate-io":{"version":1,"title":"New Pyth Data Provider: Gate.io - Blog - Pyth Network","description":"Gate.io, a leading crypto exchange, joins the Pyth Network to boost DeFi’s global expansion. A strong addition to the ecosystem.","keywords":"","h1":["New Pyth Data Provider: Gate.io"],"h2":["Who is Gate.io?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Gate.io, a leading crypto exchange, joins the Pyth Network to boost DeFi’s global expansion. A strong addition to the ecosystem.","Data Providers","Oct 18, 2021","We are excited to have Gate.io, one of the oldest cryptocurrency exchanges in the world, joining the Pyth Network in order to contribute to the expansion of the global DeFi ecosystem.","Founded in 2013, the platform is one of the oldest cryptocurrency exchanges in the world and serves today over 6 million users, offering over 1,700 trading pairs with 1,000 different cryptocurrencies listed on the main exchange.","In addition to cryptocurrency trading, the Gate.io ecosystem also has an investment arm, Gate Ventures, a native blockchain ecosystem in GateChain, an NFT marketplace in NFT Magic Box, and a DeFi platform known as Hipo DeFi.","Since September 2021, daily spot volumes traded on Gate.io have continuously surpassed $1B, with a peak at $2.8B.","Through the partnership, Gate.io will provide real-time cryptocurrency data to the Pyth Network.","“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io,\" said Marie Tatibouet, Chief Marketing Officer at Gate.io. \"Over 6 million users around the world rely on up-to-date, reliable data when trading on our platform and as such we have partnered with Pyth Network to ensure the best possible trading experience for our users.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Gate.io","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-gate-io"},"/blog/new-pyth-data-ghco":{"version":1,"title":"New Pyth Data Provider: GHCO - Blog - Pyth Network","description":"Pyth Network welcomes GHCO, a leading ETF & crypto ETP liquidity provider, boosting DeFi ecosystem expansion globally. \n","keywords":"","h1":["New Pyth Data Provider: GHCO"],"h2":["Who is GHCO?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes GHCO, a leading ETF & crypto ETP liquidity provider, boosting DeFi ecosystem expansion globally.","Data Providers","Oct 26, 2021","We are proud to have GHCO, the leading market-maker and liquidity provider specializing in ETFs and crypto ETPs, joining the Pyth Network in order to contribute to the expansion of the global DeFi ecosystem","GHCO is one of the fastest-growing liquidity providers specializing in exchange-traded funds.","With offices in the UK and US, GHCO is a market maker on and off all major European exchanges.","Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.","Through the partnership, GHCO will provide real-time cryptocurrency market data to the Pyth Network.","\"As a multi-asset market maker, it’s our mission to generate liquidity and facilitate the fairest price discovery,\" said Dan Izzo, CEO of GHCO. \"Joining the Pyth Network allows us to go one step further in building transparent and accessible financial markets.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about GHCO","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-ghco"},"/blog/new-pyth-data-provider-0x":{"version":1,"title":"New Pyth Data Provider: 0x - Blog - Pyth Network","description":"Pyth Network welcomes 0x Labs, a blockchain company building decentralized exchange infrastructure, prioritizing transparency for the internet.","keywords":"","h1":["New Pyth Data Provider: 0x"],"h2":["Who is 0x Labs?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes 0x Labs, a blockchain company building decentralized exchange infrastructure, prioritizing transparency for the internet.","Data Providers","Oct 27, 2021","We are pleased to welcome 0x Labs, a global blockchain company building decentralized exchange infrastructure for the internet, to the Pyth Network to create a world where transparency is a core tenant.","0x Labs are the creators and core contributors to the 0x Protocol, a decentralized exchange infrastructure for the internet.","Founded in 2017, the project has been used by many digital asset businesses to incorporate exchange functionality into their applications and create new markets for digital assets.","Since its inception, the 0x Protocol has enabled the exchange of more than $94 billion in tokenized value across approximately 18 million crypto trades.","0x Labs will provide real-time crypto pricing data from the 0x network to the Pyth network to improve DeFi market transparency.","0x Labs co-founder and co-CEO, Will Warren, commented, “0x Labs’ mission is to create a tokenized world where all value can flow freely, and transparency is a core tenant of that mission. Pyth’s vision of providing broad access to high-fidelity market data to create more transparency in the DeFi space aligns perfectly with our mission. We’re excited to partner with Pyth and to contribute real-time market data from 0x, the first open protocol for peer-to-peer exchange of digital assets.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about 0x","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-0x"},"/blog/new-pyth-data-provider-osl":{"version":1,"title":"New Pyth Data Provider: OSL - Blog - Pyth Network","description":"OSL joins the Pyth Network, a leading digital asset platform, boosting transparency & accessibility for institutional investors.","keywords":"","h1":["New Pyth Data Provider: OSL"],"h2":["Who is OSL?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","OSL joins the Pyth Network, a leading digital asset platform, boosting transparency & accessibility for institutional investors.","Data Providers","Oct 28, 2021","We are pleased to welcome OSL, a leading insured and licensed digital asset platform that provides brokerage, custody, and exchange services for institutional clients, to the Pyth Network in order to bring transparency and accessibility to the industry","OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors.","The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured wallets to ensure the safekeeping of digital assets with timely transaction settlement.","Founded in 2018 and based in Hong Kong, the company is backed by Asia’s leading public fintech and digital asset company, BC Technology Group (stock code: HK 863). OSL is the region’s most comprehensive licensed digital asset platform.","OSL will provide real-time cryptocurrency market data to the Pyth network.","\"OSL is excited to be part of the Pyth Network,\" said Andrew Walton, Head of Exchange at OSL. \"The values behind the project are consistent with OSL’s in bringing transparency and accessibility to the industry by leveraging the power of blockchains such as Solana to provide accurate, time-sensitive data on decentralized infrastructure.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about OSL","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-osl"},"/blog/new-pyth-data-provider-two-sigma-securities":{"version":1,"title":"New Pyth Data Provider: Two Sigma Securities - Blog - Pyth Network","description":"Two Sigma Securities joins the Pyth Network, bringing real-time market data for innovative financial and DeFi solutions. \n","keywords":"","h1":["New Pyth Data Provider: Two Sigma Securities"],"h2":["Who is Two Sigma Securities?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Two Sigma Securities joins the Pyth Network, bringing real-time market data for innovative financial and DeFi solutions.","Data Providers","Oct 28, 2021","We are thrilled to welcome Two Sigma Securities, a systematic market-maker founded in 2009, to the Pyth Network to enable transformative innovations in the financial marketplace and the DeFi landscape with high-quality, real-time market data.","Two Sigma Securities (TSS) is a systematic liquidity provider and trading business. Founded in 2009, its goal is to bring together the brightest minds in quantitative research, engineering, and trading to make global financial markets more efficient","TSS trades globally across asset classes, leveraging its high-performance trading system to regularly execute over a billion shares per day.","Two Sigma Securities will provide its US equities pricing information to the Pyth Network, and explore contributing data for other asset classes as the network scales.","“Two Sigma Securities understands the importance of having access to high-quality, real-time market data to guide trading decisions. We are looking forward to working with the Pyth team and community to solve a long-standing challenge in DeFi,” said Chris Marty, CEO of Two Sigma Securities. “Building foundational infrastructure for DeFi to grow will enable transformative innovations in the financial marketplace — values that Two Sigma Securities holds as fundamental to our business.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership in the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Two Sigma Securities","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-two-sigma-securities"},"/blog/new-pyth-data-provider-alameda-research":{"version":1,"title":"New Pyth Data Provider: Alameda Research - Blog - Pyth Network","description":"Pyth network welcomes Alameda Research, a major crypto trading firm, to provide institutional-grade financial data for decentralized apps.","keywords":"","h1":["New Pyth Data Provider: Alameda Research"],"h2":["Who is Alameda Research?"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network welcomes Alameda Research, a major crypto trading firm, to provide institutional-grade financial data for decentralized apps.","Data Providers","Oct 29, 2021","We are pleased to welcome Alameda Research, a leading cryptocurrency quantitative trading firm and liquidity provider, within the Pyth network in order to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps","Alameda Research was founded in October 2017. They manage over $1 billion in digital assets and trade $1–10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. They have a full-scale global operation with the ability to trade on all major exchanges and markets.","With an established presence in Hong Kong, the United States, and Japan, Alameda has a full-scale global operation with the ability to trade on every market, on every exchange. With decades of experience, they have built the most sophisticated trading system in the crypto world and quote tight OTC spreads.","As a full-service crypto trading firm, Alameda will be leveraging its multiple business lines to stream first-party cryptocurrency market data onto the Pyth network.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Alameda Research Website: https://www.alameda-research.com/","Pyth Network: https://pyth.network/","We can't wait to hear what you think! Feel free to join us on the Pyth Discord server, follow Pyth on Twitter, and Telegram to learn more, and ask any questions you may have.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-alameda-research"},"/blog/new-pyth-data-provider-belvedere":{"version":1,"title":"New Pyth Data Provider: Belvedere - Blog - Pyth Network","description":"Belvedere Digital Assets joins Pyth Network to build a fast, efficient DeFi network for sub-second financial market data.","keywords":"","h1":["New Pyth Data Provider: Belvedere"],"h2":["Who is Belvedere Digital Assets?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Belvedere Digital Assets joins Pyth Network to build a fast, efficient DeFi network for sub-second financial market data.","Data Providers","Oct 29, 2021","We are delighted to have Belvedere Digital Assets, a leading derivatives market-making firm providing liquidity in listed futures and securities options, joining the Pyth Network to create a high throughput and energy-efficient DeFi network to publish precise sub-second financial markets data.","Belvedere Digital Assets is an affiliate of Belvedere Trading, collectively Belvedere.","Belvedere will initially contribute its crypto assets data to the network and expand its contribution to equities and other products over the next several months.","\"On-chain, sub-second market data is the cornerstone of a strong DeFi ecosystem,\" said Yezdaan Baber, CEO of Belvedere. \"We believe the Pyth Network has the technology stack and industry support to deliver this foundational service. We are honored to join other prominent proprietary trading firms as we all work together to shape the future of financial markets data.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Belvedere Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-belvedere"},"/blog/new-pyth-data-provider-defi-technologies-inc":{"version":1,"title":"New Pyth Data Provider: DeFi Technologies Inc. - Blog - Pyth Network","description":"DeFi Technologies joins Pyth Network to empower public market investors with decentralized finance solutions, driving financial innovation.","keywords":"","h1":["New Pyth Data Provider: DeFi Technologies Inc."],"h2":["Who is DeFi Technologies Inc.?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi Technologies joins Pyth Network to empower public market investors with decentralized finance solutions, driving financial innovation.","Data Providers","Nov 3, 2021","We are proud to have DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, joining the Pyth Network in order to support public market investors and the next wave of financial innovation.","DeFi Technologies Inc. is a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance.","DeFi Technologies is the only publicly-traded company built to give investors direct exposure to the booming Decentralized Finance market. Our mission is to expand investor access to industry-leading decentralized technologies allowing investors to access the future of finance via regulated equity exchanges.","Among its multiple business lines is its wholly-owned subsidiary Valour, the European-based issuer of digital asset exchange-traded products (ETPs) which has grown to more than $290M in AUM in less than a year. DeFi Technologies is rapidly expanding its business activities globally to bring its offerings to more investors globally and ultimately expand access to the growing decentralized finance ecosystem.","DeFi Technologies will bring its real-time cryptocurrency pricing data to the Pyth network to improve DeFi market transparency","“This important collaboration demonstrates our commitment to accelerating the growth of the decentralized finance ecosystem and actively supporting the development of its infrastructure,’ said Diana Biggs, Chief Strategy Officer of DeFi Technologies. “Pyth’s vision of making markets more accessible and transparent aligns with ours, and we are delighted to be contributing to the Pyth community to make this a reality.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about DeFi Technologies Inc.","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-defi-technologies-inc"},"/blog/new-pyth-data-provider-tower-research-capital":{"version":1,"title":"New Pyth Data Provider: Tower Research Capital - Blog - Pyth Network","description":"Tower Research Capital joins the Pyth Network to bolster decentralized financial data distribution, furthering the platform’s growth.","keywords":"","h1":["New Pyth Data Provider: Tower Research Capital"],"h2":["Who is Tower Research Capital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Tower Research Capital joins the Pyth Network to bolster decentralized financial data distribution, furthering the platform’s growth.","Data Providers","Nov 4, 2021","We are proud to welcome Tower Research Capital, a leading quantitative trading firm, to the Pyth Network to contribute to the building of a decentralized financial market data distribution platform.","Founded in 1998, Tower Research Capital is a leading quantitative trading and technology company that has built some of the fastest, most sophisticated electronic trading platforms in the world.","TRC has now offices around the world in New York, Chicago, Charleston, Montreal, London, Amsterdam, Gurgaon, Gift City, Singapore, Hong Kong, and Shanghai","Tower Research Capital will begin contributing real-time Bitcoin pricing to the Pyth network for consumption by smart contracts.","\"We are excited to be part of the Pyth Network which we hope has the potential to improve how market data is used in the DeFi ecosystem,\" said Albert An, CEO of Tower Research Capital. \"At Tower we live by our entrepreneurial spirit and are very eager to embark on this challenge with Pyth.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Tower Research Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-tower-research-capital"},"/blog/new-pyth-data-provider-xbto":{"version":1,"title":"New Pyth Data Provider: XBTO - Blog - Pyth Network","description":"XBTO joins Pyth Network to deliver secure, verifiable market data for decentralized apps, leveraging their cryptofinance expertise.","keywords":"","h1":["New Pyth Data Provider: XBTO"],"h2":["Who is XBTO?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","XBTO joins Pyth Network to deliver secure, verifiable market data for decentralized apps, leveraging their cryptofinance expertise.","Data Providers","Nov 15, 2021","We are thrilled to welcome XBTO, a world leader in cryptofinance with extensive technical knowledge of market infrastructure and investments in market-related blockchain technology companies, within the Pyth Network in order to provide trusted and verifiable market data to decentralized applications.","XBTO is a global institutional market maker and asset manager providing cryptofinance trading and liquidity provision to the world’s most established exchanges.","Established in 2015, XBTO was the first to provide institutional-grade liquidity to major trading platforms.","Since then, XBTO has become a recognized and leading proprietary algorithmic trader and venture capital firm.","With its proprietary technologies and unmatched expertise, many crypto exchanges working with XBTO have successfully reduced price volatility and offered enhanced spreads.","XBTO offers an expansive suite of products including asset management services, over-the-counter (OTC) trading, streaming markets, institutional and fund-based venture capital, ESG compliant crypto-mining operations, and strategy consultancy services for emerging projects in the digital asset space. XBTO strives to establish stability, trust, and transparency throughout the cryptofinance industry.","\"XBTO is fortunate to have the leading expertise, technology, and resources to distribute trusted, secure market data, and we are pleased to share these insights as a provider on the Pyth Network,\" said Philippe Bekhazi, CEO of XBTO. \"With an expansive history working in global crypto finance, we strive to establish industry-wide trust and transparency — and Pyth’s capabilities to increase broad access to market data bring us one step closer to achieving this goal, together.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about XBTO","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-xbto"},"/blog/4-ignition-at-a-glance":{"version":1,"title":"Ignition at a Glance | Pythiad #4 - Blog - Pyth Network","description":"Pythiad #4 Newsletter: Catch up on the Pyth Network’s history, thank you for your support, and welcome new followers! \n","keywords":"","h1":["Ignition at a Glance | Pythiad #4"],"h2":["Coming up","Pyth Network Developments","Our Publishers","Solana Ignition Hackathon","Solana Conference: Breakpoint","The Pythian Community"],"h3":["New feeds","Moar Docs","New Publishers","MEMX","Flow Traders","Gate.io","GHCO","0x","OSL","Two Sigma Securities","Alameda Research","Belvedere","DeFi Technologies Inc.","The Pyth prize winner","Honorable mentions","01","Lifinity","DeltaFi","Cherub","DFlow","Poseidon","Tap Finance","RiskSwap","Soda","1Sol","Lagrange","wen-token-3","Where you can follow us","General Shootouts"],"h4":["Moar robust feeds","Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad #4 Newsletter: Catch up on the Pyth Network’s history, thank you for your support, and welcome new followers!","Newsletter","Nov 4, 2021","Welcome to the fourth installment of the Pythiad, the Medium Pyth Network newsletter!","For those who missed Pythiad #1, Pythiad #2 or Pythiad #3, be sure to check them out. We covered just about the entire history of Pyth network, from our ‘hello world’ moment to our various partners, including our data providers and partner projects utilizing our feeds.","To our followers, we say thank you again for all your support, feedback, and positivity! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there is much to discuss.","Pyth Network Developments","Publishers","Solana Ignition Hackathon","Solana Breakpoint Conference","Pythian Community","Since the release of the last Pythiad, a month ago, some updates have made the headlines such as Two Sigma Securities, 0X, and Alameda Research joining the growing roster of now 35 data providers (wen 50?). Other developments were more lowkey, though discoverable for the most dedicated Pythians. Everyone’s work the past month represents another critical step towards the next generation of DeFi.","The crypto world never sleeps, and new tokens appear every day across the vast expanse of permissionless markets. The Pyth network is designed for sourcing only first-party data for multiple reasons relating to quality, speed of access, and legal factors. This means that there may be hurdles to immediately listing some of the newer and shinier tokens as price feeds, as reliable sources need to be secured. There also is a level of development work required to add new asset classes, but we continue to welcome feedback as we gauge community appetite in building the top oracle solution.","Nevertheless, within the month of October, 4 markets have been added to the network:","ADA/USD (Crypto)","ATOM/USD (Crypto)","DOT/USD (Crypto)","USD/SGD (FX)","To review all of our available price feeds, have a look at our markets page. We welcome all feedback and requests regarding the next set of instruments and asset classes — the world of data is big, and we are just getting started here at Pyth!","As the new feed side remained quieter than usual in October, the number of active providers per asset was not, and this will provide a much more significant resiliency (and accuracy) to those price feeds and the consumers counting on those.","The below table reports the number of active publishers per asset on 01.11.21","Even though, the Pyth network is still relatively nascent (only 2+ months of mainnet), we are very proud of our partners and publishers as they ramp up their asset coverage on the Solana mainnet and help us in offering the best product possible to users.","For instance, the Pyth network BTC/USD feed now receives quotes from 26 different 1st party data publishers (ranging from US accredited exchanges, crypto exchanges and trading firms). With each publisher expected to provide market data on par with Solana slots, this means that a single provider pushes about 170,000 quotes per day per asset, and in BTC case, the Pyth feed aggregates about 4.5M inputs per day.","For developers, reliable and comprehensive documentation is a must as it supports one onboarding into getting familiar with a new (and oftentimes completely different) protocol and code structure without anyone to help. With this in mind, the Pyth team is working on building comprehensive documentation for (prospective) users of our HiFi price feeds.","Last month was released a Best Practice guide for protocols that are or look to consume Pyth’s price and confidence interval. TL;DR, check the number of active publishers and product status (is it “Trading” or “Unknown”, a product is “Unknown” when it has less than 3 active / “Trading” publishers), and take into account the Confidence Interval.","This month, we saw a revamp of existing pages to provide greater clarity on how the Pyth network protocol works such as the Design Overview and its Account Structure. Was added this month to the docs the Price Aggregation explainer — which you can also find directly in our GitHub.","If you were to have any questions, be sure to drop by our Discord and ping the Pyth team, we will be stoked to help out.","The past month has been the busiest ever for the Pyth network and its amazing roster of publishers as we welcomed 10 new participants. These new additions to the growing community will provide 24/7 high-fidelity cryptocurrency, equity, FX, and commodity market data, further strengthening the quality and reliability of the Pyth aggregated crypto feeds.","Founded in 2019 by diverse members of the global financial community, Members Exchange is an innovative, customer-centric market operator, focused on creating and promoting a fair, transparent, and efficient experience for all investors.","In its first year of operation, MEMX grew to be the largest independent exchange with the sixth-largest market share of the sixteen U.S. equity exchanges.","The exchange trades more than 7,500 symbols and continuously quotes at the best market prices in thousands of securities throughout much of the day.","Founded in 2004, Flow Traders is a leading global financial technology-enabled liquidity provider in financial products.","Historically specializing in Exchange Traded Products (ETPs), Flow Traders now ensures the provision of liquidity to support the uninterrupted functioning of financial markets across multiple asset classes, enabling investors to continuously buy or sell ETPs or other financial instruments under all market circumstances.","Founded in 2013, the platform is one of the oldest cryptocurrency exchanges in the world and serves today over 6 million users, offering over 1,700 trading pairs with 1,000 different cryptocurrencies listed on the main exchange.","Since September 2021, daily spot volumes traded on Gate.io have continuously surpassed $1B, with a peak at $2.8B.","GHCO is one of the fastest-growing liquidity providers specializing in exchange-traded funds.","Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.","0x Labs are the creators and core contributors to the 0x Protocol, a decentralized exchange infrastructure for the internet.","Since its inception, the 0x Protocol has enabled the exchange of more than $94 billion in tokenized value across approximately 18 million crypto trades.","OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors.","Founded in 2018 and based in Hong Kong, the company is backed by Asia’s leading public fintech and digital asset company, BC Technology Group (stock code: HK 863). OSL is the region’s most comprehensive licensed digital asset platform.","Two Sigma Securities (TSS) is a systematic liquidity provider and trading business. Founded in 2009, its goal is to bring together the brightest minds in quantitative research, engineering, and trading to make global financial markets more efficient","TSS trades globally across asset classes, leveraging its high-performance trading system to regularly execute over a billion shares per day.","Alameda Research was founded in October 2017. They manage over $1 billion in digital assets and trade $1–10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. They have a full-scale global operation with the ability to trade on all major exchanges and markets.","With an established presence in Hong Kong, the United States, and Japan, Alameda has a full-scale global operation with the ability to trade on every market, on every exchange. With decades of experience, they have built the most sophisticated trading system in the crypto world and quote tight OTC spreads.","Belvedere Digital Assets is an affiliate of Belvedere Trading, collectively Belvedere.","Belvedere will initially contribute its crypto assets data to the network and expand its contribution to equities and other products over the next several months.","DeFi Technologies Inc. is a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance.","DeFi Technologies is the only publicly-traded company built to give investors direct exposure to the booming Decentralized Finance market. Our mission is to expand investor access to industry-leading decentralized technologies allowing investors to access the future of finance via regulated equity exchanges.","We still look forward to welcoming many more reputable and high-quality data publishers to our network and co-build the next digital marketplace of institutional grade, high fidelity financial data. To review all our 1st party data providers, you may check the Publishers tab on the website.","After many weeks of building, the Solana Hackathon: IGNITION, has now rendered its verdict.","Nearly 6,000 participants and 568 projects were submitted to a wide variety of judges, and tracks sponsored by many prominent actors such Microsoft, Jump Crypto, Standard Chartered, Forte, Metaplex, and the Pyth network (among others).","The big Hackathon winner is Katana, an asset management protocol building investment products across the risk spectrum, and received the Grand Champion prize of $75,000 in USD — for more details check the Solana post.","For this hackathon, a Pyth prize ($30k USD) was up for grabs, and 87 projects submitted their project to this track. We are humbled to see all the interest around Pyth and this further fuels our dedication to better Pyth on all fronts: onboarding more 1st party sources for better and more resilient data, more products, and many more new developments to provide a complete HiFi oracle to DeFi.","HydraSwap is a smart DEX on Solana supported by its game-changing Hydra Market Maker (HMM) to maximize the returns for liquidity providers. HMM core mechanism lies in introducing the oracle price as a reference to imitate manual market-making operations in traditional finance. With HMM, funds will be concentrated around the market price to provide high-quality liquidity. Thanks to the oracle input to HMM, HydraSwap is able to introduce a ‘compensation parameter’ that optimally incentivizes arbitrageur while protecting LP returns. LPs can now achieve up to 4x returns by reducing impermanent loss significantly.","01 protocol is a fully decentralized, cross-collateralized, and cross-margined derivatives protocol, offering binary options and the first implementation of everlasting options on Solana. First introduced by Sam Bankman Fried & Dave White, everlastings are options that never expire (∞) and that constantly readjust their strike price so that traders can be exposed to options without the need to select a strike, select an expiry time, or manually roll over their funds at expiry. 01 uses Pyth price feeds to determine the price of underlying assets and act as the index price and thus enable to calculate funding rates for both the binary and everlasting options.","Lifinity is a highly optimized proactive market maker designed to improve capital efficiency as well as reduce impermanent loss. It also aggregates swaps and finds the best trading route across multiple exchanges. Lifinity uses Pyth’s high-fidelity market data as a key guide in the pricing mechanism. Since the protocol does not rely on arbitragers to adjust the pool balance to the market price, risks of impermanent loss can be reduced.","DeltaFi aims to build the world’s most efficient automated market maker (AMM) on Solana and innovate in the space with an intelligent AMM design. DeltaFi vision is to provide traders, liquidity providers, and professional market makers with optimal user experience:","Easiest market-making platform for professional MMs,","Optimal trader experience with minimized impermanent loss","Sustainable profitability for LPs","To build an efficient AMM market, DeltaFi introduces:","External market: sourced from Pyth","Internal market: trade info from the platform","AMM algorithm: mechanism governing the price with internal and external markets as inputs","Cherub is an Inverse Perpetuals (3, 3) DAO inspired by the Olympus DAO’s (3, 3) and its incentive model to align investors, builders and futures traders. Cherub is a DEX that relies on bonding and uses staked or protocol-owned liquidity in the form of a productive treasury to receive and distribute profits from trading, liquidations, and generally speaking, what a CEX, or insurance fund, profits from. Inverse Perpetuals offered on Cherub are integrated with the Pyth price feeds as the index in order to calculate the funding rate.","DFlow is the first flow market maker (FMM). It matches retail order flow to market makers, who participate in a continuous auction for that order flow. Retail traders are guaranteed not to be front-run by on-chain, immutable code, and Pyth prices: when market makers fill retail order flow, DFlow verifies on-chain (using Pyth) that the price that retail traders are filled at is a best and fair price. Launching on the testnet soon, DFlow opens composability opportunities to other protocols and apps in order to further improve the UX. For ex., a new crypto-first commission-free trading mobile app, that is now economically viable thanks to DFlow’s transparent payment for order flow mechanism","Poseidon is a high-performance liquidation bot for the borrow and lending platform on Solend protocol. Poseidon bot continuously monitors thousands of obligations on the Solend platform in parallel and validates their health based on real-time price movements streamed from Pyth. If an obligation’s borrow utilization threshold is hit, it repays the loan.","Tap Finance is a suite of option strategy vaults, leveraging PsyOptions, aimed at generating sustainable yield for single token assets. Tap Finance’s initial vault will execute a USDC-secured BTC put options selling strategy. The strategy will sell BTC puts on a weekly basis, with a one-week expiration date. If the puts expire out of the money (above their strike price), they will generate a positive yield. TAP Finance has integrated Pyth price feeds for new vault depositors that would receive ownership tokens proportional to the cumulative USDC and BTC vault holdings, with BTC priced at market rate.","RiskSwap goal is to provide users with the ability to trade derivatives such as futures and options on a decentralized exchange with an order book that features proprietary risk management tools. Unlike a wide variety of choices that are currently available in DeFi in terms of financial derivatives, RiskSwap employs the Order Book trade execution model juxtaposed with AMM as a complementary liquidity pool facilitator. The Pyth price feeds are currently incorporated into RiskSwap protocol to retrieve the real-life pricing of assets and calculate the funding rate of perpetual futures. You can test their devnet platform","Soda protocol is a lending solution with an on-chain credit rating system (Sol ID) which will incentivize users to accumulate good on-chain behaviors which can bring, among others, a higher LTV. Soda can also serve as a liquidity pool and leverage provider offering an under-collateralized loan to certified protocols to increase their overall capital efficiency. Those can also acquire credit data in Sol ID to help them provide better service for their users. Pyth feeds are integrated into the dApp to determine the exchange rate between assets to enable users to trade synthetic products.","1Sol protocol is a cross-chain DEX aggregator for decentralized protocols on Solana, enabling seamless, efficient and protected operations in DeFi. 1Sol has the ability to find the most cost-efficient pathway among different DEXs.Through optimizing slippage, swapping fees and token prices and executing trade orders automatically, it helps users carry out more possibly profitable trades. In the latest version of devnet, 1Sol has deployed Cryptocurrency Price Realtime Dashboard leveraging Pyth HiFi feeds. Pyth network feeds will be integrated within this Smart Calculator to help 1Sol offer more efficient swaps to users.","Lagrange: Remittance and Forex trading based on stablecoins, backed by DeFi on Solana blockchain. Lagrange acts as an ECN for digital currencies that directly communicates and interacts with Serum on-chain CLOB, different types of market makers and retail users. The Pyth FX HiFi feeds will be integrated to analyze and act to swaps at the best rate and minimal fees.","We already look forward to the next Solana Hackathon to once again see some of the protocols of tomorrow as well as interact with the future builders of the future of finance!","Next week marks the beginning of the 1st ever Solana conference: Breakpoint, in Lisboa, Portugal. From November 7th to 10th, the event organized by the Solana Foundation will gather dozens of worldwide renowned participants of the cryptocurrency ecosystem. The Pyth network will be present on-site and is eager to meet in person all the people working tirelessly to make DeFi a reality to the world and implement itself as the future of finance (shoot us a DM on Telegram @PythNetwork).","Alongside all the official events, the Pyth network is part of 2 private events:","Lisbon Breakpoint (Unofficial) Launch Party","Hosted with Burnt Finance, Figment, Commonwealth, Injective, Wormhole, Audius and Lido, we cannot wait to kickstart (Sun, Nov 7, 2021, 7:00 PM) this Solana conference with a great time and 400 participants.","Breakpoint Happy Hour","The following day, with HXRO and Serum, we invite you to mingle with fellow crypto builders and investors from the Solana ecosystem and beyond. The view will be unforgettable from the MAAT Museum so if you want to join us, reach out to business@pyth.network.","The wen-token-3 has landed into the Pythians’ wallet!","More than 1.4K Pythians had the honor of receiving the above NFT (community created) in their Solana wallet last week. With a mint of 1,500 units, it means that some of these NFTs are remaining and will soon be up for grabs by community members, so stay tuned and be sure to wander around our socials (wink wink in Discord).","Once again these Pyth NFTs are of purely sentimental and aesthetic value and do not hold any role within the Pyth network strictly speaking.","No new communication channel since the Pythiad #3 last month. If you would like to see Pyth expands to a new social horizon, let us know on Telegram or Discord, we will do our best to meet your demands and ease your work in following us and everything that happens.","Below are all the places you can currently follow us, interact or keep updated on all Pyth related things, whether it’s about data providers, protocols, or the general ecosystem:","Discord","LinkedIn","Medium","Reddit","Substack","Twitter","Telegram","Telegram Announcements","We’ve got abundant love here at the Pyth team and we cannot be more grateful to all of you!","As for last month, here is a medley of the online messages we loved seeing.","https://twitter.com/dreemer08/status/1449562508805787648","https://twitter.com/0xFA2/status/1450150291374886918/photo/1","https://twitter.com/dust2dust__/status/1450382844883128320","https://twitter.com/trader_marky/status/1453668235891589122","https://twitter.com/joemccann/status/1453877081075560471","https://twitter.com/XicoSR/status/1454946070140751878","This is the end of Pythiad #4!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/4-ignition-at-a-glance"},"/blog/new-pyth-data-provider-apifiny":{"version":1,"title":"New Pyth Data Provider: Apifiny - Blog - Pyth Network","description":"Pyth Network welcomes Apifiny, a global digital asset trading network, to deliver trusted market data to decentralized apps. \n","keywords":"","h1":["New Pyth Data Provider: Apifiny"],"h2":["Who is Apifiny?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Apifiny, a global digital asset trading network, to deliver trusted market data to decentralized apps.","Data Providers","Nov 16, 2021","We are thrilled to welcome Apifiny, a global digital asset trading network for institutions, to the Pyth Network in order to provide trusted and verifiable market data to decentralized applications.","Founded in 2019, Apifiny is a global digital asset trading network for institutions.","The company’s vision is to create one, global trading marketplace for digital assets.","With one account and one API, Apifiny Connect gives institutional traders the flexibility to trade digital assets on the world’s leading exchanges at discounted costs.","Apifiny HEX is designed to provide the digital asset community with the best of centralized and decentralized trading, including zero taker fees, global price discovery, and predictable liquidity from automated market making (AMM) and global, centralized exchanges.","Apifiny delivers institutional-grade performance to digital asset traders through seamlessly connecting with global digital asset exchanges and infrastructure providers.","\"We’re honored to join the Pyth network alongside other innovative trading firms, exchanges, and market makers,\" said Haohan Xu, CEO of Apifiny. \"At Apifiny, we strive to grow the digital asset ecosystem by connecting the highly fragmented crypto market into one, unified global marketplace. We look forward to contributing to a reliable oracle solution that can benefit the DeFi ecosystem and help drive institutional adoption.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Apifiny","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-apifiny"},"/blog/figment-joins-pyth-as-a-pyth-network-contributor":{"version":1,"title":"Figment Joins Pyth as a Pyth Network Contributor - Blog - Pyth Network","description":"Figment joins Pyth network to boost web3 development & DeFi. This partnership enhances Pyth HiFi market data usability & functionality.","keywords":"","h1":["Figment Joins Pyth as a Pyth Network Contributor"],"h2":["Figment x Pyth Partnership","What Makes the Pyth Unique?"],"h3":["Supported Assets:"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Figment joins Pyth network to boost web3 development & DeFi. This partnership enhances Pyth HiFi market data usability & functionality.","Events","Nov 23, 2021","We are pleased to welcome Figment within the Pyth network as a contributor and partner to bring forth the advancement of web3 development and DeFi by both facilitating the usability and enhancing the functionality of Pyth HiFi market data.","As contributors and partners, Figment will be working closely with the Pyth network participants to bring more functionality and usability to the Pyth HiFi market data.","One of the problems with Web 3 adoption is the initial barrier to entry. One of our goals with this partnership is to create a seamless onboarding experience for data providers and data consumers. Figment will be integrating Pyth network with DataHub, allowing for easy access to Pyth network data necessary to power DeFi protocols and applications.","Figment will also be creating a Pyth network knowledge base on Figment Learn, which will guide developers through their first Pyth network data integration. This will include future incentives for developers who create additional tutorials that expand on Pyth network’s use cases.","“In the few months since launching, the Pyth Network has seen incredible growth with 38 announced data providers and hundreds of integrations. Figment is proving themselves as a market leader in bringing resources to web3, and their commitment to scaling Pyth data feeds marks an important milestone in achieving scalability.” — Michael Cahill — Director of Pyth Data Association","“DataHub aims to greatly improve the access to leading Web 3 protocols and we believe oracles will play an essential role in the Web 3 stack. With this partnership, we will help Pyth become a dominant solution within its category by helping developers and publishers leverage its full potential.” Yannick Folla — Product Lead at Figment","Data is abundant in Web 3, but institutional-grade market data is not. The Pyth network is a high fidelity (HiFi) decentralized data oracle network designed to bring the highest level of financial data to DeFi.","The Pyth network participants already include some of the biggest players in the financial industry including Jane Street, Jump Trading Group, Hudson River Trading, and Galaxy Digital as data publishers. These data publishers bring institutional-grade market data at sub-seconds speeds to the blockchain. Some DeFi applications, including Bonfida Perps, Mango Markets, Drift, Port Finance, or Solend have started to consume this data.","Cryptocurrencies","Equities","Commodities","Foreign Currencies","The Pyth network is built on Solana, but already supports other Layer 1 chains like Ethereum, Terra, and Binance Smart Chain via Wormhole. We look forward to the growth of the network through:","More Data providers","More supported blockchains","Introduction of staking, rewards, and curation functionality","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/figment-joins-pyth-as-a-pyth-network-contributor"},"/blog/pyth-price-aggregation-proposal":{"version":1,"title":"A Proposal for Price Feed Aggregation - Blog - Pyth Network","description":"Pyth Network’s new price algorithm aggregates publisher feeds for Solana products. Seeking community feedback before public release.","keywords":"","h1":["A Proposal for Price Feed Aggregation"],"h2":["Goals","Aggregation Algorithm","Theoretical Analysis","Conclusion"],"h3":[],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network’s new price algorithm aggregates publisher feeds for Solana products. Seeking community feedback before public release.","Research","Nov 16, 2021","The Pyth contributors been working on a new algorithm for combining the price feeds of publishers into a single aggregate price feed. We would like to share it with the community for feedback before releasing it.","As background, Pyth Network is an oracle that publishes an aggregate price and confidence interval for each product on every Solana slot. The Pyth program computes this price on-chain by aggregating the prices and confidence intervals submitted by individual data providers (or publishers).","For example, one publisher may say that the price of BTC/USD is $52000 ± 10 and another that it is $53,000 ± 20, and Pyth may combine these two prices into an aggregate price of $52,500 ± 500.","This blog post proposes a new aggregation algorithm for this final step.","We would like Pyth’s aggregation algorithm to have three properties.","First, it should be robust to manipulation — both accidental and intentional — by publishers. If most publishers are submitting a price of $100 and one publisher submits a price of $80, the aggregate price should remain near $100 and not be overly influenced by the single outlying price.","This property ensures that the Pyth price remains accurate even if a small number of publishers submit a price that is far from the market. This scenario is depicted as graph (a) in the figure below.","Second, the aggregate price should appropriately weight data sources with different levels of accuracy. Pyth allows publishers to submit a confidence interval because they have varying levels of accuracy in observing the price of a product.","For example, US equity exchanges have different levels of liquidity, and less liquid exchanges have wider bid/offer spreads than more liquid ones. This property can result in situations where one exchange reports a price of $101 ± 1, and another reports $110 ± 10. In these cases, we would like the aggregate price to be closer to $101 than $110. This scenario is depicted as graph (b) in the figure.","Finally, the aggregate confidence interval should reflect the variation between publishers’ prices. In reality, there is no single price for any given product. At any given time, every product trades at a slightly different price at various venues around the world. Furthermore, a trader will obtain a different price if they immediately buy or sell the product.","We would like Pyth’s confidence interval to reflect these variations in prices across venues. Graphs (c) and (d) in the figure depict two different cases where there are price variations across exchanges.","We designed an aggregation algorithm to obtain these three properties.","The first step of the algorithm computes the aggregate price by giving each publisher three votes — one vote at their price and one vote at each of their price plus and minus their confidence interval — then taking the median of the votes.","The second step computes the distance from the aggregate price to the 25th and 75th percentiles of the votes, then selects the larger of the two as the aggregate confidence interval.","This simple algorithm has some surprising properties: the procedure for computing the aggregate price is in fact a generalization of the ordinary median. Most people understand the median as the middle value in the data set, that is, the 50th percentile. However, the median is also the value R that minimizes the objective function ∑ᵢ |R — pᵢ| where pᵢ is the price of each publisher. This function penalizes R based on its distance from the publisher’s price pᵢ. Pyth’s algorithm computes the aggregate price R that minimizes ⅓Σᵢ|R — pᵢ| + ⅔Σᵢ max(|R — pᵢ| — cᵢ, 0), where cᵢ is the publisher’s confidence interval. This objective combines the ordinary median objective with a second term that only assigns a penalty to R if it lies outside the publisher’s confidence interval. This objective function encourages the aggregate price R to not only be close to the publishers’ prices, but also lie within their confidence intervals. (There is a simple proof of the equivalence between the voting scheme and minimizing this objective function that we will leave to the reader).","We can visualize both objective functions to understand the difference between them:","The left is objective function of the ordinary median applied to a price pᵢ= 0, which is simply |R|. The right is Pyth’s objective function ⅓|R| + ⅔max(|R| — cᵢ, 0) depicted for various choices of confidence interval cᵢ. The width of the confidence interval determines the location of the kink in the curve — as the interval widens, the kink moves further from 0. The region between the two kinks has reduced penalty relative to the median.","This generalization of the median has the first two properties we wanted. It is robust to outliers because the ordinary median is robust to outliers. (It’s easy to see that the median is robust — the 50th percentile of your dataset is unchanged no matter what the value of the 99th percentile is). Furthermore, its confidence interval adjustment accounts for the accuracy of different data sources.","We can visualize this objective function in the scenarios from above as follows:","The plots above depict the objective function as a red line. The optimum of this objective function is the red star, which is the location of the aggregate price. Each publisher’s contribution to the objective is depicted as a grey dashed line. Thus, the sum of the grey dashed functions is the red function. The leftmost graph shows the robustness of the objective function, and the 2nd graph shows how publishers with tighter confidence intervals exert greater influence over the location of the aggregate price. In both the third and fourth graphs, the objective function gives identical results to the ordinary median.","The second step of the aggregation algorithm computes a confidence interval around the aggregate price. Pyth’s aggregate confidence interval can be viewed as a generalization of the interquartile range, a standard measure of the dispersion of a data set. The interquartile range is typically defined as the distance between the 25th and 75th percentiles. We modified this definition to take the maximum of the distance between the aggregate price and the 25th or 75th percentile in order to produce a confidence interval that is symmetric around the aggregate price. Furthermore, instead of using the interquartile range of the prices, Pyth uses the interquartile range of the publishers’ votes. This modification accounts for both the width of publishers’ confidence intervals and any dispersion between publishers’ aggregate prices.","Putting everything together, the following figure shows the behavior of the complete algorithm on our four scenarios:","The red star depicts the aggregate price, as computed using the median algorithm, and the corresponding bold red line depicts the aggregate confidence interval. The grey circles represent the 25th and 75th percentiles of the votes — the further one of these from the aggregate price determines the aggregate confidence interval’s width. The other elements of the plot are identical to those from the plot above. The third graph shows that the aggregate confidence interval accounts for publishers’ confidence intervals, and the fourth graph shows that it accounts for price dispersion between publishers.","In addition to producing intuitively reasonable results, this algorithm has nice theoretical properties. The aggregate price is guaranteed to be equal to the ordinary median in two limiting scenarios:","1. The publishers publish the same price, but with confidence intervals of varying widths. In this case, the votes will be sorted such that the bottom 33 percent consists of the price minus the confidence interval, and the top 33 percent consists of the price plus the confidence interval. The median of the votes is equal to the median of the 33rd-66th percentiles, which is the ordinary median of the publishers’ prices. This scenario is depicted in the 3rd graph from the left above.","2. The publishers publish distinct prices with non-overlapping confidence intervals. In this case, all votes of a single publisher will be adjacent in the sorted list and we can treat them as a single vote. Therefore, Pyth’s aggregate price reduces to the median of the publisher’s prices. This scenario is depicted in the 4th graph from the left above.","Furthermore, even if we are not in one of these scenarios, we can prove that the aggregate price will never be too far from the ordinary median in rank terms. More specifically, the aggregate price will always lie within the 25th-75th percentile of the publisher’s prices. This robustness property means that as long as fewer than 25% of the publishers are erroneous, they cannot completely determine the location of the aggregate price. (Note that the ordinary median would give you a stronger guarantee, 50% instead of 25%. The difference between these bounds is due to the case where some publishers have a wide confidence interval and other publishers are moving their prices around inside that interval. We actually want the tighter publishers to have more influence in this case!)","Note that all of the results here generalize to the case where the publishers have varying weights in the computation. We’re working on a staking system for publishers that incentivizes them to provide accurate data, and in that system, each publisher will have a varying amount of stake. All of the results also hold for stake weights if we simply replace the percetage of publishers with the percentage of stake controlled.","So there it is — a complete introduction to Pyth’s new aggregation algorithm.","The algorithm itself is simple. Each publisher submits a price pᵢ and confidence cᵢ that we use to produce three votes for the publisher, pᵢ— cᵢ, pᵢ, pᵢ+ cᵢ. The median of all the votes is the aggregate price, and the 25th — 75th percentile, symmetrized around the aggregate price, is the aggregate confidence interval. This algorithm is a confidence-adjusted variant of the ordinary median that yields intuitive results and also has solid theoretical properties.","We would love to hear your feedback, so feel free to reach out with questions or comments.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-aggregation-proposal"},"/blog/new-pyth-data-provider-cdap":{"version":1,"title":"New Pyth Data Provider: CDAP - Blog - Pyth Network","description":"Pyth Network welcomes CDAP, a digital asset trading firm, to build a high-fidelity financial data marketplace for all dApps.","keywords":"","h1":["New Pyth Data Provider: CDAP"],"h2":["Who is CDAP?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes CDAP, a digital asset trading firm, to build a high-fidelity financial data marketplace for all dApps.","Data Providers","Nov 23, 2021","We are pleased to welcome CDAP, a technology-forward digital asset trading firm, to the Pyth Network in order to establish a digital marketplace of institutional grade, high fidelity financial data, and power any financial dApp regardless of its blockchain.","CDAP a technology-forward digital asset trading firm. Headquartered in Lisbon, Portugal, but with global reach, CDAP specializes in providing liquidity in listed and OTC cryptocurrency derivatives, as well as spot markets.","After its founding in 2016, CDAP leveraged its advanced technology to rapidly grow to be one of the top liquidity providers on several leading global exchanges.","CDAP plans to contribute its proprietary equities and crypto market data to the Pyth Network, and looks forward to growing its contribution as the Pyth project continues to scale in the evolution of DeFi.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cdap"},"/blog/new-pyth-data-provider-talos":{"version":1,"title":"New Pyth Data Provider: Talos - Blog - Pyth Network","description":"Pyth Network welcomes Talos, an institutional digital asset tech provider, boosting verifiable market data for decentralized apps.","keywords":"","h1":["New Pyth Data Provider: Talos"],"h2":["Who is Talos?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Talos, an institutional digital asset tech provider, boosting verifiable market data for decentralized apps.","Data Providers","Dec 7, 2021","We are thrilled to welcome Talos, a leading institutional technology provider for digital asset trading, within the Pyth Network to provide trusted and verifiable market data to decentralized applications.","Talos is a leading institutional-grade infrastructure technology provider that supports the full lifecycle of digital asset trading, from price discovery to execution through to settlement.","Engineered by a team with unmatched experience in building institutional trading systems, the platform is trusted by many of the world’s largest market participants, using it to forge bi-lateral relationships with all members of the crypto trading ecosystem.","Founded in 2018, Talos has rapidly scaled its business since announcing its platform last October. In May, Talos announced the completion of a $40 million Series A investment round led by Andreessen Horowitz and investments from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures.","Data oracle networks like Pyth serve as the connection between blockchains and the data sources necessary for DeFi applications. This partnership will include Talos providing real-time, first-party crypto market data from its large institutional client base.","“The acceleration in institutional adoption of digital assets is continuing at a rapid pace and so is DeFi,” said Anton Katz, Founder and CEO of Talos. “We are excited to be a part of this exciting project that serves at the core of DeFi infrastructure and has the potential to unlock greater efficiency and transparency in our financial system.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Talos","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-talos"},"/blog/pythiad-5-last-straight-before-2022":{"version":1,"title":"Last Straight Before 2022 | Pythiad #5 - Blog - Pyth Network","description":"Catch up on the Pythiad newsletter series exploring the history and growth of the Medium Pyth Network. A recap of past issues awaits!","keywords":"","h1":["Last Straight Before 2022 | Pythiad #5"],"h2":["Coming up","Pyth Network Developments","Our Publishers","Solana Breakpoint Conference","Pythian Community","Pyth Metrics","What’s next?"],"h3":["Website Wonders","New Feeds","A New Aggregation Formula?","Open Source? Always Has Been","New Publishers","Tower Research Capital","XBTO","Apifiny","CDAP","Conference Recap","Pyth Events","A Hacker Life","Figment: a new Pythian","Socials","Data Providers Onboarded","Asset Listings","NPM Downloads","Twitter Followers","LinkedIn Followers","Substack Subscribers"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Catch up on the Pythiad newsletter series exploring the history and growth of the Medium Pyth Network. A recap of past issues awaits!","Newsletter","Dec 2, 2021","Welcome to the 5th installment of the Pythiad, the Medium Pyth Network newsletter!","For those who missed Pythiad #1, Pythiad #2, Pythiad #3, or Pythiad #4 be sure to check them out. We covered just about the entire history of Pyth network, from our ‘hello world’ moment to our various partners, including our data providers, partner projects utilizing our feeds, and many other topics.","To our followers, we say thank you again for all your support, feedback, and positivity! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there is much to discuss.","Pyth Network Developments","Our Publishers","Solana Breakpoint Conference","Pythian Community","Pyth Metrics","Since the release of the last Pythiad, a month ago, some updates have made the headlines such as Tower Research Capital joining Pyth’s impressive roster of over 40 first-party data providers, and the Solana Conference. Other developments were more lowkey, though discoverable for the most dedicated Pythians. Everyone’s work the past month represents another critical step towards the next generation of DeFi.","As more and more people come visit pyth.network to track prices as they would do on Yahoo Finance or any other similar website (except it is high-quality streaming data at Pyth), it felt only normal to ship couple updates to improve the user experience.","1. When checking the historical charts (1D, 1W, 1M), loading times have been improved up to 10x","2. You can now supply the cluster (testnet, devnet, mainnet-beta) and range (LIVE, 1D, 1W, 1M) parameters directly in the URL","So come test pyth.network out and let us know the next needed upgrades","During the month of November, the Pyth network has launched 2 new crypto feeds:","mSOL/USD","UST/USD","Those two assets were significantly requested by the community as the liquid Solana staking solution developed from Marinade has been widely adopted within the Solana ecosystem and UST: a USD pegged stablecoin backed by LUNA and the Terra blockchain, as is on its way to becoming the most widely used decentralized stablecoin on blockchains.","As of today, mSOL gathers $1.4B in value staked and the addition of this asset to Pyth provides DeFi platforms a 1st party and high-quality feed for usage. In practice, it means that you may now use mSOL as collateral in many borrow/lending platforms (Solend, Port, Larix) as well as perpetual protocols (Mango Markets) and synthetics dApps (Synthetify). This mSOL utilization enables users to enjoy all the benefits liquid staking bring (liquid staking and staking pools enable to further decentralize the Solana blockchain as well as generate a yield from staking rewards) while leveraging it as collateral too.","On the other side, TerraUSD (UST) is an algorithmic stablecoin with over $7B in circulation today. UST is now more and more usable outside of the Terra ecosystem: some exchanges offer markets denominated in UST in addition to USDC and USDT and now other blockchains start embracing TerraUSD as successful Solana protocols like Saber or Mercurial offer (stable)swaps with UST. The latter being added within Pyth further empowers Solana dApps to start accepting this decentralized stablecoin as an asset on their platforms — Port Finance being an example.","We deeply understand the ecosystem need and community request to further accelerate the assets being sourced within Pyth but given our initial design — sourcing only first-party data for higher quality, speed of access, and legal considerations — it means that there may be hurdles to immediately listing some of the newer and shinier tokens as price feeds, as reliable sources need to be secured. With this in mind, the whole Pyth network has been actively looking to come up with a solution that we hope shall be soon unveiled to the community. We are very excited about this evolution as it will further empower the whole Solana DeFi ecosystem and open up the horizon to replicate this with the other blockchains through the Wormhole, which will give Pyth access to Ethereum, Terra, BSC, Polygon and many more to come. So stay tuned!","To review all of our available price feeds, have a look at our markets page. We welcome all feedback and requests regarding the next set of instruments and asset classes — the world of data is big, and we are just getting started here at Pyth!","One of the core tenants of Pyth is to rely on high-quality, first-party data as inputs for its aggregated output to make it valuable (great accuracy & robustness). The reason is almost self-explanatory: trash in, trash out. With poor initial sources (and without magic), it is impossible to make the aggregated output of high quality. Meanwhile, with valuable data as inputs, the first hurdle can be jumped over. Still, a second one remains, and it relies on the inputs aggregation into an even more high-quality output.","By now, you are probably aware that Pyth not only provides a live market price for assets but it does also offer a confidence interval alongside it — read more on the Confidence Interval. And this extra data provided — mapping out the uncertainty one publisher has towards the price he provides — actually enables the Pyth network to leverage a smarter aggregation method.","Now let’s dive into the new price aggregation proposal Pyth has made. You may find our full blog post here.","We want Pyth’s aggregation algorithm to have 3 properties:","1. Robust to manipulation","If most publishers are submitting a price of $100 and one publisher submits a price of $80, the aggregate price should remain near $100 and not be overly influenced by the single outlying price.","2. Aggregate price should appropriately weight data sources with different levels of accuracy","Pyth allows publishers to submit a confidence interval because they have varying levels of accuracy in observing the price of a product. This property can result in situations where one publisher reports a price of $101 +/- 1, and another reports $110 +/- 10. In these cases, we would like the aggregate price to be closer to $101 than $110.","3. Aggregate confidence interval should reflect the variation between publishers’ prices","In reality, there is no single price for any given product. Every product trades at a slightly different price around the world and so we must be able to reflect these variations.","How does the suggested aggregation algorithm achieve the 3 above properties?","The first step of the algorithm computes the aggregate price by giving each publisher three votes — one vote at their price and one vote at each of their price +/- their confidence interval — then taking the median of all the votes.","The second step computes the distance from the aggregate price to the 25th and 75th percentiles of the votes, then selects the larger of the two as the aggregate confidence interval.","Now, let’s put everything together and visualize it with 4 scenarios.","In the following graphs, the red star depicts the aggregate price and the bold red line depicts the aggregate confidence interval. The grey circles represent the 25th and 75th percentiles of the votes — the further one of these from the aggregate price determines the confidence interval’s width.","Scenario 1","One “confident” publisher (tight CI) is an outlier to the cohort but does not impact the final aggregated price. Its only impact will be a greater aggregated confidence interval that could highlight a price dislocation of the asset on different venues.","Scenario 2","It demonstrates how publishers with tighter confidence intervals (while having overlapping quotes with the rest of the cohort) can exert greater influence over the location of the aggregate price.","Scenario 3","It features publishers in overall “agreement” regarding the price and their relative uncertainty towards it. The final result shows that the aggregate confidence interval accounts for each publishers’ CI and gives identical results to the ordinary median.","Scenario 4","Publishers publish distinct prices with non-overlapping CI. In this case, all votes of a single publisher will be adjacent in the sorted list and will be treated as a single vote.","Even if we would not be in any of the above scenarios mentioned, the aggregate price will always lie within the 25th-75th percentile of the publisher’s prices.","In addition, we’re working on a staking system for publishers that incentivizes them to provide accurate data, and in that system, each publisher will have a varying amount of stake. All of the results also hold for stake weights if we simply replace the % of publishers with the % of stake controlled.","Recently, there was an increased focus on the Solana ecosystem (thanks a lot to Solana itself, the Breakpoint conference & the continuous building by tons of very skilled teams) and, among all the takes, one somehow broke out versus the others: most Solana protocols would be closed sources as showed by The Block article — “A surprising number of Solana projects are closed-source — but now the tide may be turning”.","In our quest to make high-quality first-party data available freely to everyone — which is not the case today in traditional markets or on-chain — it only seemed logical for us to work out in the open alongside the community and so the Pyth repo has, since day 1, been open-source.","This allows anyone to not trust but verify the code — one of the core tenants around here — but it also enables anyone to voluntarily contribute to the protocol and achieve together our long term goal: building a digital marketplace of institutional grade, high fidelity financial data to offer the best data to the world. So we would like to deeply thank everyone that has either logged issues, submitted PRs, provided feedback, or requests.","With this in mind, we have 2 concrete examples of why building out in the open is powerful and we wanted to showcase them:","#1 Pyth on react-native (soon Pyth on mobile app?)","#2 Pyth Python client now available","This initial Python client will very soon get improved thanks to the contribution of maffswiffmatt#5027 and his (also open-source) code: https://github.com/johnstonematt/pythpy.","If you were to have any questions, issues, or contributions in mind, be sure to drop by our Discord or GitHub and ping the Pyth team, we will be stoked to help out and build together.","Months pass by and the Pyth roster of publishers continues to stack prominent financial providers as contributors. This includes the world’s most prominent trading firms, exchanges, and crypto native companies, all together under one roof, helping to democratize market data. Please reach out if you want to join this cohort in helping to shape the next digital marketplace of institutional grade, high-fidelity financial data.","This month new additions to the growing Pythian community will further strengthen our ability to provide 24/7 high-fidelity market data for cryptocurrency, equity, FX, and commodity assets.","Founded in 1998, Tower Research Capital is a leading quantitative trading and technology company that has built some of the fastest, most sophisticated electronic trading platforms in the world.","TRC has now offices around the world in New York, Chicago, Charleston, Montreal, London, Amsterdam, Gurgaon, Gift City, Singapore, Hong Kong, and Shanghai","XBTO is a global institutional market maker and asset manager providing cryptofinance trading and liquidity provision to the world’s most established exchanges.","Established in 2015, XBTO was the first to provide institutional-grade liquidity to major trading platforms.","Since then, XBTO has become a recognized and leading proprietary algorithmic trader and venture capital firm.","Founded in 2019, Apifiny is a global digital asset trading network for institutions.","The company’s vision is to create one, global trading marketplace for digital assets.","Apifiny HEX is designed to provide the digital asset community with the best of centralized and decentralized trading, including zero taker fees, global price discovery, and predictable liquidity from automated market making (AMM) and global, centralized exchanges.","CDAP a technology-forward digital asset trading firm. Headquartered in Lisbon, Portugal, but with global reach, CDAP specializes in providing liquidity in listed and OTC cryptocurrency derivatives, as well as spot markets.","After its founding in 2016, CDAP leveraged its advanced technology to rapidly grow to be one of the top liquidity providers on several leading global exchanges.","To review all our 1st party data providers, you may check the Publishers tab on the website.","If you would like to catch up with all the amazing panels and speakers, we urge you to go check the Solana Youtube channel. All was recorded so you can catch up at your own speed.","More and more keep added to the Solana page so be sure to regularly check it out — a shortlist of worthy panels that happened — of course not comprehensive.","Opening panel: State of the Network (with Anatoly Yakovenko and Raj Gokal)","Closing panel: Closing Ceremony (Raj Gokal & Anatoly Yakovenko)","Oracles (Pyth): From Elsewhere: Oracles and Data Feeds (Hendrik Hofstadt & Kanav Karyia)","EVM (Ethereum) dApps on Solana: Neon Labs Cross Chain EVM for Solana Workshop","Brave Software to join Solana: Talk by Brave’s Brendan Eich with Anatoly Yakovenko","Jump Crypto within Solana: Why’s a Quant Trading Firm Building on a Blockchain?","Blockchain Trilemma: Debate: Scaling and the Censorship Resistance Threshold","A Multi-Chain World: Multi Chain Futures: What Builders and Investors Are Watching For","As panels went on, one thing turned out to be very clear: the exponential growth Solana has experienced and maintained throughout the past year. The Pyth network is very excited to be part of this wonderful journey which will get even better once the 1st Pyth data will be bridged with the support of the Wormhole (which now bridges Solana <> Ethereum <> Terra <> BSC <> Polygon with more to come).","Whether you missed the event or have made the trip to Lisbon, Portugal, we can all enjoy this nice video from Solana and cherish those memories!","Alongside the conference, Pyth held 2 events that had a huge turnout. We would like to thank again all the people that came and our wonderful organizing partners: Audius, Burnt Finance, Commonwealth, Figment, HXRO Network, Injective, Lido, Project Serum, and Wormhole!","During the Solana Conference, on the side of all the official events & venues, Xico and the Metaplex team organized the Lisbon Hacker House to allow anyone to have a place where they could build in peace or alongside other Solana builders. This Hacker House ended as one of the places to be in Lisbon for everyone partaking in the Solana ecosystem, for those who missed it, here is a short recap video.","This initiative was a great success and proof of a tightknit Solana community — many protocols even issued prizes for building on top of their product or new features. About $250K, all voluntarily contributed by teams, were up for grabs.","Building on this success, a new ephemeral Solana Hacker House will take place early December in Miami, USA. For 1 week, December 1–7, Solana builders will meet up again and this time to take down other challenges.","Having witnessed firsthand the hit the Lisbon Hacker House was, Pyth has decided to become an official sponsor of the Miami Hacker House! Since its inception, Pyth has been open-sourced and so welcomes any developer to participate in the building of the next digital marketplace of institutional-grade and HiFi financial data. To further incentive community building, a Pyth prize will be presented shortly — so stay tuned for details!","In the same vein that the Miami Hacker House, Pyth is committed to further pushing the development of the network from various contributors — the more the merrier — and it only seems normal to welcome Figment, whose mission is to support the adoption, growth, and long term success of the Web 3 ecosystem, within the Pyth network.","As contributors and partners, Figment will be working closely with the Pyth network participants to bring more functionality and usability to the Pyth HiFi market data. Figment will also be creating a Pyth network knowledge base on Figment Learn, which will guide developers through their first Pyth network data integration. This will include future incentives for developers who create additional tutorials that expand on Pyth network’s use cases.","“DataHub aims to greatly improve the access to leading Web 3 protocols and we believe oracles will play an essential role in the Web 3 stack. With this partnership, we will help Pyth become a dominant solution within its category by helping developers and publishers leverage its full potential.” Yannick Folla — Product Lead at Figment.","Since the last Pythiad, the Pyth network has decided to increase its reach and make the community feel at home! Thus, we have officially launched our Chinese Twitter account: @PythCHN — so be sure to follow! Stay tuned as more channels look to be launched but please be careful to not fall for scams. We will make announcements on our existing socials whenever a new communication channel is opened.","Below are all the places you can currently follow us, interact or keep updated on all Pyth related things, whether it’s about data providers, protocols, or the general ecosystem:","Discord","LinkedIn","Medium","Reddit","Substack","Twitter","Twitter Chinese","Telegram","Telegram Announcements","Here arrives a new section (that will become recurrent) for the Pythiads. Month in, month out, we will share with you some data-driven insights on the Pyth evolution — feel free to suggest any type of data you’d like to see. Below data points are not comprehensive and as we continue, pretty much anything that generates data will be at some point incorporated into this section.","In mere 7 months, the Pyth has onboarded 40 data providers to contribute their proprietary market data to the Solana blockchain and the network. Such collection of first-party data publishers under one roof already makes Pyth one of the — if not the #1 — platforms with the highest data quality in the world (both blockchain & legacy wise). The progression was steep until now and we do not plan to slow down any time soon as the more data gets in the network the more accurate & robust the feeds will become. We leave it to the community to make guess on how many partners we will have contributing to the Pyth network by the end of 2022!","As mentioned previously in this Pythiad, providing to dApps the most possible price feeds (without sacrificing quality) is of utmost importance as it enables DeFi protocols to make assets “productive” in some manner for users. Since the initial set of assets sourced, the total number of feeds has doubled. We are content but not satisfied by this progression as there are thousands more assets (from any asset class) that could be worth having within Pyth. We are working towards resolving this so stay tuned as it may come quicker than expected!","Pyth code being open-sourced and data freely queryable, it is somewhat difficult to comprehensively map what the network and its market data are used for — tune in next month for some new metrics on this. Nonetheless, one easy way to check the adoption of the Pyth standard is to look up the NPM downloads. NPM — or “Node Package Manager” — is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend. Up Only?","Some may argue that if something was not picked up by CT (Crypto Twitter), this may have never happened. Thus, let’s visualize Pyth progression towards clout with the evolution of our monthly new Twitter followers. We are very grateful for all the ones already accompanying us in our common journey to provide high-quality data freely and transparently to everyone and look forward to all the future newcomers as the Pythian world will take over!","Pyth has succeeded, so far, in bringing on board 40 of the world’s most prominent trading firms, exchanges, and crypto native companies to contribute their proprietary data to the network. It is — according to us — unseen both in crypto-land and the tradfi-world that so many prominent financial providers (who are often competing against each other) have gathered under one roof, the latter located on the Solana blockchain. With that in mind, we launched the Pyth LinkedIn to easily reach out to this particular audience which for now has not joined CT.","Another medium of communication we have been using to enable any Pythians to be kept in the loop of Pyth advancements without much work is our Substack. Indeed, now anyone can subscribe to the Pyth bi-weekly newsletter and will receive it directly in its mailbox.","As always, the agenda may shift depending on some unexpected occurrences but — even with some — the Pyth network has in sight some major ongoing developments, improvements, and announcements that should be revealed during December and will be deep-dived for the last Pythiad of 2021.","So, to not miss anything, we urge you to join us on our various socials — listed previously in the blog — and you may even start trying to guess what will be the Pyth news of December!","This is the end of Pythiad #5!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-5-last-straight-before-2022"},"/blog/pyth-launches-price-oracles-for-evm-developers-on-solana":{"version":1,"title":"A Price Oracle for EVM Developers on Solana - Blog - Pyth Network","description":"Pyth Network now supports Neon EVM, enabling Ethereum apps on Solana to utilize high-fidelity price feeds for improved protocol performance.","keywords":"","h1":["A Price Oracle for EVM Developers on Solana"],"h2":["What Does this Implementation Mean?","What’s next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network now supports Neon EVM, enabling Ethereum apps on Solana to utilize high-fidelity price feeds for improved protocol performance.","Blockchains","Dec 28, 2021","We are thrilled to announce that the Pyth Network is now available to all protocols using Neon EVM. This implementation empowers any Ethereum applications deployed on Solana via Neon EVM to access Pyth Network’s high fidelity price feeds and to power their protocols.","Neon EVM is a tool that allows Ethereum-like transactions to be processed on Solana, taking full advantage of the functionality native to Solana, including the ability to execute transactions in parallel. As such, Neon EVM allows dApps to operate with the low gas fees, high transaction speeds, and high throughput made possible by Solana, as well as access to the growing Solana market. Many prominent protocols like Aave and SushiSwap have announced that they will port their protocols to Solana via Neon. You can read more about Neon Labs here.","Pyth is a next-generation oracle specially designed to publish high-fidelity financial market data at sub-second latency onto the Solana blockchain and to republish that data onto other blockchains via Wormhole. The Pyth Network will be a decentralized, blockchain-based marketplace for aggregated data.","Data owners will be able to contribute their data to the Pyth Network and earn rewards for their data provision, while consumers of data will be able to access aggregated market data directly from a blockchain and consume it from their on-chain or off-chain application.","The Pyth Network has already gathered more than 40 prominent financial institutions as data publishers for various asset classes. Pyth price feeds have been available on the Solana mainnet since August 2021. Leading Solana dApps have integrated with Pyth Network, including Mango Markets, Drift, Bonfida, Synthetify, Solend, Port Finance, Jet Protocol and Project Larix.","Ethereum dApps choosing to deploy on Solana via the Neon EVM can easily retrieve HiFi price feeds from Pyth to power their protocols.","EVM developers can look forward to more than just pricing data: Pyth is a new type of oracle that also provides a confidence interval value alongside price data. The confidence interval specifies how much precision or uncertainty there is in a single observation, enabling developers to customize their protocol’s handling of incoming pricing data for safer and more precise operations. Be sure to check out both our blog post on confidence and the Best Practices guide.","We released two interfaces in the pyth-neon GitHub repo for reading Pyth data via Neon EVM. The Pyth Native Interface provides access to all the Pyth-specific features, including confidence intervals. The second interface is designed to be familiar to EVM developers and replicates the Chainlink Data Feeds API — excluding the historical API. While the second interface provides an instant solution for EVM dApps to retrieve HiFi off-chain data, we strongly recommend builders to leverage the Pyth Native Interface. Implementing the Pyth confidence interval can further protect your users from unusual market conditions and deliver a more refined product: Zeta Markets’ Options Settlement design is a prime example.","“DApps have long been seeking a high-quality oracle like Pyth to consume data sources necessary to function and this partnership gives them just that,” said Andrey Falaleev, Chief Technology Officer of Neon Labs. “We are excited to deliver a data oracle solution to developers, and one that is easy and quick for them to use.”","“This partnership is a highlight in our coming deployment on Solana with Neon. We look forward to strengthen the reliability of our products with high quality and tamper-proof price feeds from Pyth,” said Marco Qiu, BD of YIN Finance.","“This integration is a huge step for Ethereum and Solana interoperability. Data oracles like the Pyth Network serve as the connection between blockchains and the data sources necessary for dApps like us.” – Sidney Powell, Co-founder of Maple Finance","“Neon is bridging the divide between two leading blockchains. We look forward to working with them as their first oracle integration to increase access of Pyth data to dApps while offering them a seamless user experience in the process.” – Mike Cahill, Director of the Pyth Data Association","BUIDL! If you are a protocol team looking to deploy your code on Neon EVM, feel free to reach out to Pyth via our Discord or Telegram. We are always more than happy to help your team integrate with a HiFi next-gen oracle network that will supercharge what you’re building.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-for-evm-developers-on-solana"},"/blog/new-pyth-data-provider-jst-capital":{"version":1,"title":"New Pyth Data Provider: JST Capital - Blog - Pyth Network","description":"Pyth Network welcomes JST Capital, a global digital asset firm, to foster innovation in finance and provide access to advanced trading.","keywords":"","h1":["New Pyth Data Provider: JST Capital"],"h2":["Who is JST Capital?"],"h3":["Proven Track Record:","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes JST Capital, a global digital asset firm, to foster innovation in finance and provide access to advanced trading.","Data Providers","Dec 15, 2021","We are proud to welcome JST Capital, a global financial services firm specializing in digital assets, to the Pyth Network in order to level the playing field for participants looking to get involved with the future of finance.","JST Capital is a global digital asset financial services firm servicing institutional investors, blockchain companies, banks, and broker-dealers.","With operations in the United States and Singapore, the Company provides sophisticated trade execution, asset optimization, treasury services, and consulting services to facilitate liquidity.","JST entered the crypto markets as early as 2014, when they began to make markets for one of the early blockchain projects. Leveraging that experience, JST was launched in 2018 to provide a full suite of traditional financial services to institutions in the digital asset market.","JST will provide real-time institutional-grade crypto market data in a sub-second frequency to Pyth and DeFi protocols will be able to leverage JST’s market data through the aggregate Pyth oracle price.","“Coming from the traditional financial industry, we know the value high-quality and immediate market data provides to firms looking to operate competitively in global markets,\" said Scott Freeman, Partner and Co-Founder of JST Capital. \"With more institutional investors moving into the world of crypto, it is important to ensure that they have the market data experience they’re accustomed to. Pyth is one of the fastest-growing crypto market data providers in the digital asset ecosystem and we’re excited to work alongside them to increase access to this data and level the playing field for traders looking to involve themselves in the future of finance.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about JST Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-jst-capital"},"/blog/pyth-monthly-update-december-2021":{"version":1,"title":"Pyth Network Monthly Update | December 2021 - Blog - Pyth Network","description":"Solana ecosystem grows! Pith supports DeFi, sponsors events, and welcomes publishers. Monthly updates coming soon for continued development.","keywords":"","h1":["Pyth Network Monthly Update | December 2021"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Solana ecosystem grows! Pith supports DeFi, sponsors events, and welcomes publishers. Monthly updates coming soon for continued development.","Updates","Jan 1, 2022","It’s a New Year. A new beginning.","A lot has happened since our hello world moment last April. We went from devnet price feeds to mainnet. We sponsored hackathons for Solana and Serum and Wormhole. We onboarded more than 40 top-tier publishers. Visionary teams continue to build on Pyth. Developers are excited for what Pyth unlocks for them.","DeFi moves fast. It’s easy to get swept up in the rush and miss our more recent developments.","Going forward, you can look forward to monthly updates on what Pyth is up to.","Neon Labs x Pyth network: Pyth price feeds now available on dApps building on Neon EVM!","YIN Finance: The proactive liquidity management platform is ready to port its CHI strategy into Solana thanks to Pyth and Neon Labs EVM!","Acument x Pyth network: Excited to partner with Acumen and power their lending platform!","JST Capital: A new data publisher specializing in digital assets comes on board.","Talos Trading: A new publisher, specialist in digital asset trading, joins Pyth!","Liquid Solana Staking from Lido ($stSOL) now available thanks to Pyth!","Algorand ($ALGO) price feed by Pyth is live!","Avalanche ($AVAX) price feed is live!","Solend ($SLND) price feed is live!","Orca ($ORCA) price feed is live!","Bonfida ($FIDA) price feed is live!","Polygon ($MATIC) price feed is live!","Port Finance ($PORT) price feed is live!","Pyth Network Hacker House (Jan 17–21), co-headlined by Jump and Wormhole.","Pyth sponsors Convergence Hackathon by Project Serum and Wormhole.","Pyth sponsors NFT floor bounty at the Miami Hacker House.","Pyth x Lifninity Contest! Lifinity Flare giveaway!","Pyth x PsyOptions merch drop!","Pyth x Abstract Labs collab!","The young and rowdy Pyth Intern was born on December 25. Coincidence?","Who’s using Pyth data? Learn more about the visionaries powering their mainnet protocols on Pyth!","Check out this Wall Street Journal article about Why the World’s Biggest Traders are Betting on Blockchain Data.","New podcast! Dave Olsen of Jump Trading talks Pyth with IEX. This is just the start of a new train of content, headed your way…","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-december-2021"},"/blog/publisher-vs-reporter-networks":{"version":1,"title":"Types of Oracles: Publisher and Reporter Networks - Blog - Pyth Network","description":"Pyth Network: A revolutionary blockchain oracle boosting on-chain data access, scaling financial markets, and eliminating costly middlemen.","keywords":"","h1":["Types of Oracles: Publisher and Reporter Networks"],"h2":["Publisher and Reporter Networks","Launching Pyth"],"h3":["Why is Pyth Designed as a Publisher Network?","A Publisher Oracle Network is Not Without Trade-Offs","Examples in Digital Music"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network: A revolutionary blockchain oracle boosting on-chain data access, scaling financial markets, and eliminating costly middlemen.","Research","Jan 11, 2022","The Pyth Network is a first-of-its-kind data oracle network that introduces a new blockchain oracle design to maximize access to information in a safe way on-chain that strips out middlemen costs. This design enables maximum scalability and growth of on-chain financial market data with exciting potential for off-chain as well.","This blog post explores the implications of Pyth's architecture. In so doing, this article also addresses a common question we receive: How is Pyth different from traditional oracles?","Pyth is the largest publisher oracle network in the world with over 40 original data sources publishing directly to the network. In this network, the nodes own and publish data directly on-chain.","Most legacy oracles are reporter oracle network where nodes carry data over the last mile from API endpoint to on-chain consumption. In this network, the nodes must purchase the data from first-party sources or other middlemen.","When data owners are publishing their data directly on-chain, the network has the lowest possible constraints and is able to charge the lowest prices for the data and to update at the fastest possible intervals. This arrangement gives maximum flexibility in margin compression (the data providers decide whether or not to stream given the returns).","In addition, entirely new features can be introduced that do not exist in current data supply chains. The primary example of this is the Pyth Network’s introduction of confidence intervals which are unique to Pyth.","One of the advantages of reporter networks is that they are much more nimble. Given the adaptability of the independent nodes to fetch unstructured information and then normalize, reporter networks should be faster in expanding to a wider variety of data including generalized queries. This works really well with information that is in the public domain.","While they are more generalized and adaptable, reporter networks are always constrained by the cost and output format of the data they purchase to report. These constraints are economic (the data costs something — middlemen aggregators charge additional fees, and the nodes themselves need to earn something) and non-economic, such that purchasers do not have control of update speeds, or have limited ability to request new features. In fact, many existing data supply chains will not permit their data to be reported to the blockchain because it is not possible to limit the distribution to only paying subscribers.","The biggest challenge with a publisher network is overcoming the initial cold start of onboarding data providers to fill the shelves of the marketplace.","Being the first person in a network carries quite a bit of risk both reputationally as well as technologically. If the network fails to pick up traction, the early participants will have spent political capital and development resources that they could have used elsewhere. Once the supply side is sufficiently robust such that it can comprehensively cover necessary markets, the network needs sufficient demand to encourage further development and incentivize the suppliers.","At some point, a critical mass is reached whereby the risk profile switches such that it is more reputationally or economically damaging to not be a part.","When Pyth first launched, in time for the spring Solana Hackathon (May 2021) on devnet, there were 4 data providers announced which were publishing across 30+ symbols covering crypto, equities, FX, and commodities. Like any new network, there were growing pains and it was not unusual for 1 or more publishers to have unscheduled maintenance and the number of providers dropping down to 2 or 3. There were also the standard new technology learning curve quirks along the way, where some publishers did not have optimized confidence intervals.","Over time, as more data providers announced themselves, the reputation risk continued to be reduced for the next data source. Data providers span from regulated US equity exchanges, some of the largest crypto exchanges, and nearly every large trading firm. As each data source gets added, this increases the network’s resiliency. On mainnet beta today, there are 25 independent first-party data sources for the Pyth BTC/USD price. Every day, Pyth becomes more secure because of new data sources getting added as well as integrations incorporating confidence intervals.","Napster can be described as a reporter network because it involved nodes making music available for digital consumption mostly by performing the last mile task of uploading from CD to digital. Napster created a store where music could be downloaded by anyone (for free, at least initially).","Napster did not work, mostly because they did not have the appropriate licensing for the distribution of its product, so the suppliers eventually cut them off. More accurately, the suppliers spam attacked the network by making the percentage of corrupt music files to un-corrupt files unattractive to customers. Eventually, there was a lawsuit and Napster attempted to convert its business model into a more inclusive one where the record companies received some revenue. This model did not work, partially because they were too early and the record labels were not comfortable doing deals for the bulk sharing of music.","Spotify is an example of a publisher network because it involves nodes publishing music directly to the Spotify platform. It allows publishers to share in the network revenue based on usage. Network contributors are both record labels, as well as artists who choose to publish directly to Spotify and eliminate the dependency on record labels or other middlemen. As a result of the reduced middlemen constraints, Spotify was able to scale.","There is no single right way to run an oracle network.","Pyth differs considerably from all legacy oracle networks by ensuring that the data owners have a stake in the network’s success. Pyth is making the bet that as the DeFi ecosystem grows, the stakes will continue to go higher for the data that is securing the assets. By removing upstream middlemen dependencies, Pyth is designed to scale without pricing or speed constraints, and enable the next generation killer Web3 apps.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/publisher-vs-reporter-networks"},"/blog/pythiad-6-2021-in-review-2022-in-sight":{"version":1,"title":"Pythiad #6: 2021 in Review — 2022 in Sight - Blog - Pyth Network","description":"Pythiad #6 newsletter explores Pyth network’s December 2021 activity & welcomes new followers. Catch up on previous editions!","keywords":"","h1":["Pythiad #6: 2021 in Review — 2022 in Sight"],"h2":["Coming up","Pyth Metrics"],"h3":["End of Year Review","Data Providers Onboarded","Price Feeds","Integrations","Total Value Secured","Trading Volume","NPM Downloads","Twitter Followers","Substack Subscribers","Pyth Network Developments","Our Publishers","Pythian Community","Socials","What’s next?"],"h4":["Website Wonders","New Data Feeds","Moar power to you! The new Pyth client","Pyth x Neon Labs","New Publishers","Serum x Wormhole Hackathon","Chicago Hacker House","NFT Bounty / Miami Hacker House","Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad #6 newsletter explores Pyth network’s December 2021 activity & welcomes new followers. Catch up on previous editions!","Newsletter","Jan 2, 2022","Welcome to the 6th installment of the Pythiad, the Pyth network newsletter!","For those who missed Pythiad #1, Pythiad #2, Pythiad #3, Pythiad #4 or Pythiad #5 be sure to check them out. We covered just about the entire history of Pyth network!","To our followers: thank you for all your support, feedback, and good vibes! And to our newcomers, we say welcome.","We are delighted to have you on board for 2022. But first, what has Pyth been up to in December 2021?","Pyth Metrics","Pyth Network Developments","Our Publishers","Pythian Community","2021 has been a year full of excitement, surprises, learning, and surpassing milestones.","We are deeply grateful towards the whole Pythian community — from our beloved members across all our social channels, to our data partners who have been publishing their proprietary market data for months, to our integration partners who continue to build incredible solutions alongside us!","From the bottom of our hearts: Thank you! We cannot wait to tackle 2022 together with all of you.","Data is king, and the Pyth network stands committed to onboarding only high quality data sources, and establishing a direct bridge — without any middlemen — between these sources and the blockchain.","By the close of 2021, 41 data providers have joined the network. We leave it to the community to guess how many publishers Pyth will have by the end of 2022!","On-chain protocols need sustainable price references, which means they need oracle services. Pyth is here to deliver, and now offers 57 data feeds across the major asset classes (equities, FX, crypto, commodities). And there’s more where that came from.","As the bull run kicked in, hundreds of new shiny tokens emerged across countless chains and DEX’s. One of Pyth’s core tenets is sourcing only from first party data to populate its feeds. This means that some extra leg work is required to bring certain assets onto Pyth. The network is on it: expect more and more price feeds for all your favourite assets, plus expanded asset class coverage for 2022!","Pyth data is free and permissionless. Check out who’s building with Pyth!","Shockingly, it's a full-time job to identify the whole roster of the Pyth users. (We discuss this in-depth below).","The metrics below include all known on-chain dApps composing with Pyth; sometimes, a team using Pyth data may not tell us. (If this is the case for you, let us know here and we’ll get you featured).","From an integrations perspective, one segment the crypto community may oversee is off-chain applications needing pricing data in their own environment: this is a segment we expect to see a strong uptick in 2022 thanks to Pyth’s unique offering and quality assurance.","In addition, Wormhole will soon bring Pyth data to many more blockchains, and we are thrilled to see this play out. Meanwhile, in the ETH universe, developer building with Neon Lab’s EVM can already access Pyth’s feeds!","On top of the number of integrations, another valuable metric is the total dollar amount which is powered/secured by its market data. Thanks to the success of many superstar Solana protocols, Pyth has reached over $1B in TVS! This is only the beginning for the Pythian community and is nevertheless a symbolic start to an exciting year.","TVS often refers to borrow-lending and other protocols locking assets for specific actions. There is another major industry segment utilizing Pyth’s HiFi data: the trading ecosystem on Solana, which trusts Pyth to provide fast and reliable market data to their index mechanism. Every protocol has its own Pyth integration approach: vAMMs solely rely on Pyth for pricing and funding rates (oracle price versus market price), while orderbook-based DEXs leverage an oracle only for the funding rate. Solana is known for unique and powerful perpetuals and synthetics trading platforms: Mango Markets, Drift, Bonfida, Synthetify. In December alone, they have seen about $2.5B in volumes traded.","Pyth network is open-sourced and its data is freely queryable. These features make it less than straightforward to comprehensively map what the network and its market data are used for. Another easy way to check on Pyth network’s adoption rate is to look up the NPM downloads. NPM (“Node Package Manager”) is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend. Something has been awakening across December, and the trend looks something like ‘up only’.","Some argue that if something was not picked up by CT (Crypto Twitter), then it never really happened. A bit tongue in cheek, but clout is clout. Let us visualize Pyth’s monthly follower count and note the healthy uptrend. We are very grateful to everyone who is already accompanying us on our journey towards transparent, accessible and HiFi data. Think about what’s next for Pyth! “You’re still early”, as they say. If you haven’t already, now is the time to get your friends and family on board with the Pyth network.","Substack is another way to stay in the loop about Pyth. Anyone can subscribe to the Pyth bi-weekly newsletter. You choose your preferred social media channel, and we’ll meet you there.","Since the Pythiad #5 (which focused on our new aggregation method), Pyth network has been active across various fronts: partnerships, development, community events.","Some updates were lowkey. For 2022, we want everyone to be on the same page. Going forward, we will regularly report on all your favorite Pyth happenings.","Have you noticed a new tab on our website?","The Consumers page is the official roster of those who chose the HiFi life and is leveraging Pyth price feeds for their mainnet protocol.","This will sound surprising, but it’s not always easy identifying who is using Pyth’s feeds!","Pyth code is open-sourced; Pyth’s data is freely queryable. It becomes difficult to comprehensively map what the network and its market data are used for. On-chain programs, when open-sourced, are easy to identify (though we are very sorry if we missed you!), but closed source on-chain or off-chain programs are harder to spot.","Are you using Pyth data? Let us know! We don’t want to miss you! We opened a form (also available on the Consumer page). Let us know that you are composing with Pyth and get featured on our website!","Without an oracle price reference, most platforms cannot support that specific asset, and value is lost. Pyth network will not stand for such a world. Throughout December, the network has continually added new and hotly demanded feeds:","ALGO/USD (Crypto)","AVAX/USD (Crypto)","FIDA/USD (Crypto)","MATIC/USD (Crypto)","ORCA/USD (Crypto)","PORT/USD (Crypto)","SLND/USD (Crypto)","stSOL/USD (Crypto)","That’s 8 new crypto feeds with immediate use cases!","AVAX and MATIC have been long sought by trading protocols as these tokens bring massive volumes (and upside pricing). SLND, PORT, ORCA, and stSOL have found their place across borrow-lending platforms, while FIDA is now leveraged as a reference for the booming Solana Name Service auction.","We look forward to continue expanding the reach and coverage of the Pyth network. And we have an exciting pipeline of new data publishers: think equities! Think FX! Think LP tokens and more ‘obscure’ tokens!","Stick around in January to see who will join the Pythian ship.","Pyth network is constantly improving its on-chain client library.","A new version of our on-chain client library has been released. Check out the GitHub repo here and further details here.","This update delivers some highly-requested features.","First, it lets you price assets against currencies other than USD. Applications can now price mSOL/SOL by combining mSOL/USD and SOL/USD!","Second, the update lets you price baskets of tokens. For example, applications can now price LP tokens (e.g., BTC/ETH LP with 0.1 BTC and 0.05 ETH) using the BTC/USD and ETH/USD price feeds. Taken together, these features allow applications to price a huge number of additional products. Custom creation of LP token pricing is now available to builders.","Developer questions? Join our Discord or Telegram, we’re always happy to help. You can also check out the docs.","Pyth price feeds are now available to all protocols using Neon Lab’s EVM.","This implementation empowers any Ethereum application deployed on Solana via Neon EVM to access Pyth network’s high fidelity price feeds.","Neon EVM is a tool that allows Ethereum-like transactions to be processed on Solana, taking full advantage of the functionality native to Solana, including the ability to execute transactions in parallel.","As such, Neon EVM allows dApps to operate with the low gas fees, high transaction speeds, and high throughput made possible by Solana, as well as access to the growing Solana market. Prominent protocols like Aave and SushiSwap have announced that they will port their protocols to Solana via Neon. Learn more about Neon Labs here.","EVM developers can look forward to more than just pricing data: Pyth is a new type of oracle that also provides a confidence interval value alongside price data. The confidence interval specifies how much precision or uncertainty there is in a single observation, enabling developers to customize their protocol’s handling of incoming pricing data for safer and more precise operations. Check out both our blog post on confidence and the Best Practices guide.","We released two interfaces in the pyth-neon GitHub repo for reading Pyth data via Neon EVM.","The Pyth Native Interface provides access to all the Pyth-specific features, including confidence intervals.","The second interface is designed to be familiar to EVM developers and replicates the Chainlink Data Feeds API — excluding the historical API.","While the second interface provides an instant solution for EVM dApps to retrieve HiFi off-chain data, we strongly recommend builders to leverage the Pyth Native Interface. Implementing the Pyth confidence interval can further protect your users from unusual market conditions and deliver a more refined product: Zeta Markets’ Options Settlement design is a prime example.","What now? BUIDL! If you are a protocol looking to deploy your code on Neon EVM, feel free to reach out via Discord or Telegram. We are always more than happy to help your team integrate with a HiFi next-gen oracle network that will supercharge what you’re building.","See you soon on Solana, where DeFi participants can now interact with their preferred EVM native app for a fraction of a cent!","Pyth Docs: https://docs.pyth.network/","NeonLabs Docs: https://docs.neon-labs.org/","Pyth Neon Docs: https://github.com/pyth-network/pyth-neon","In 2021, the Pyth network has relentlessly worked to get prominent financial providers — trading firms, exchanges, and crypto companies — to collaborate on one project. The network shares one grand common goal: democratizing market data.","The crypto world, where a majority of its data is free and available to anyone (for now at least), is an outlier within the greater financial data universe. Participants in traditional markets often need to pay millions to centralized (and inefficient) parties just to get an accurate glimpse of what is happening on the markets.","In the last 9 months, Pyth’s line-up of publishers have pushed the network to the edge of becoming the worldwide #1 reference for first-party (that is, proprietary) financial data that is publicly available to anyone for free.","We would like to deeply thank our 41 announced publishers, as they are the backbone of the network. Without them and future joiners, the Pyth network could not aim to reach its grand goal.","If you want to join this cohort and help shape the future of market data distribution, please reach out to business@pyth.network.","Who are the newest additions to the growing Pythian community from December?","Talos","Talos is a leading institutional-grade infrastructure technology provider that supports the full lifecycle of digital asset trading, from price discovery to execution through to settlement.","Engineered by a team with unmatched experience in building institutional trading systems, the platform is trusted by many of the world’s largest market participants, using it to forge bi-lateral relationships with all members of the crypto trading ecosystem.","Founded in 2018, Talos has rapidly scaled its business since announcing its platform last October. In May, Talos announced the completion of a $40 million Series A investment round led by Andreessen Horowitz and investments from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures.","JST Capital","JST Capital is a global digital asset financial services firm servicing institutional investors, blockchain companies, banks, and broker-dealers.","With operations in the United States and Singapore, the Company provides sophisticated trade execution, asset optimization, treasury services, and consulting services to facilitate liquidity.","JST entered the crypto markets as early as 2014, when they began to make markets for one of the early blockchain projects. Leveraging that experience, JST was launched in 2018 to provide a full suite of traditional financial services to institutions in the digital asset market.","To see all our first-party data providers, check our Publishers page.","The last community shoutout of the year should be dedicated to Solana, without which, many of the things we do at Pyth would not be feasible.","Here is the 2021 Solana recap!","https://twitter.com/solana/status/1473392576095006724","Long-time Pythians are aware of our love for hackathons, the on-ramp for the next billion-dollar projects (and most of Pyth’s integration partners!). Hackathons enable newcomers and big dreams to transform their ideas into real-life solutions that benefit millions of people.","It is with great pleasure for the network to support Convergence, the Wormhole and Serum Hackathon.","Wormhole is our data ramp from Solana to the whole DeFi world. (See our initial blog post here).","Since its release (for now only tokens can be bridged) Wormhole has been a massive success with billions of dollars bridged across supported chains (Solana, Ethereum, Polygon, Avalanche, BSC, Terra, and soon, Oasis).","Project Serum is also a key Pyth stakeholder, as well as one of the 41 already announced data providers. Serum markets have the unique ability to share common liquidity across various frontends; Serum enables institutional-grade deep liquidity on Solana and thereby supports many existing feeds on Pyth.","Pyth is sponsoring a prize for the Convergence Hackathon: check out the details. Convergence will accept project submissions from Jan 5–31, 2022 with up to $5M in prizes and seed funding. Prizes exist for integrating with Pyth, Wormhole, Serum, PsyOptions, Terra, and Atrix.","On the Pyth front, we will be looking for projects that utilize Pyth’s data infrastructure and build new solutions that solve problems in the DeFi space for individual traders and institutions. What do you want to build? Our expectations, although high, are flexible! Submissions that are extremely innovative, though outside of this above scope, could also win the Pyth prize.","During this hackathon, we will have a live session called Pyth: Under the hood that will enable anyone to catch up quickly on how to use Pyth. The session will be led by Jayant Krishnamurthy at 1–2 PM EST on January 11th.","Details can be found here.","The Pyth network will also be on-site in Chicago, USA on January 17–21 to partake in the Chicago Hacker House.","The Solana Hacker House kickstarted in Lisbon, Portugal, was followed by a Miami edition: both events gained incredible momentum. Chicago may be a bit frosty, but things will warm up very quickly, especially with your presence. We are excited to see you there!","Pyth sponsored a prize as part of the Miami Hacker House. The theme was NFTs, so Pyth put up an NFT-related bounty — the first milestone on our way towards Pyth feeds for NFTs.","Quokka was announced as the winner of the Solana Hacker House Pyth Bounty Prize! They had a complete, well-documented solution that read NFT prices from all 6 major exchanges and pushed them to the Pyth network.","A couple of new entrants to the Pythian community!","Please give your warmest welcome to the Pyth Intern! From spicy takes to pure alpha, do not fade again the 2021 trend of following the Interns! The intern also chose to kick doors down and make a grand self-introduction on the 25th of December. What could this mean?","Proof of Intern: https://twitter.com/PythIntern/status/1474446154913959941","Pyth is also going international. Well, Pyth has always been international, as Discord Pythians would know. The venues expand: a new channel for Chinese-speaking Pythians has been established: the Pyth Chinese Telegram Channel — join the fun here.","Be sure to also check out the official Pyth Chinese Medium channel and the Pyth Chinese Twitter.","We have more regional coverage in mind, so just you wait!","Here are all the places you can currently follow us, interact and keep updated on all Pyth related things:","Discord","LinkedIn","Medium","Medium Chinese","Reddit","Substack","Twitter","Twitter Chinese","Telegram","Telegram Chinese","Telegram Announcements","Many things, depending on your situation, but the one common point is BUIDL!","The Pyth network has been busy preparing for the 1st semester of 2021.","Will your dreams be fulfilled in 2022? We leave it to your imagination, and to be quite honest, we have in mind these same things too…","Community-wise, you will experience a Pyth network much more active throughout our socials!","Development-wise, you will see a Pyth network very different from today (protocol operations, data publishers, users, and more). The vision is coming to life.","Something, something Whitepaper, something, something wen token?, and so many other things…","This is the end of Pythiad #6!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Pythiad #5: Last straight before 2022","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-6-2021-in-review-2022-in-sight"},"/blog/pyth-symbology-update-february-3rd-2022":{"version":1,"title":"Symbology Update | Feb 2022 - Blog - Pyth Network","description":"Pyth Network updated its symbology on February 3, 2022, refining the system for more accurate and efficient financial forecasting.","keywords":"","h1":["Symbology Update | Feb 2022"],"h2":["New Symbology and Attributes","When and how will it go live?"],"h3":["Best Practices","Caveats"],"h4":["Original Symbology and Product Attributes (deprecated Feb 3, 2022)","Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network updated its symbology on February 3, 2022, refining the system for more accurate and efficient financial forecasting.","Research","Jan 28, 2022","This blog aims to introduce the symbology updates which the Pyth Network will implement by February 3, 2022 on Solana mainnet. These changes have already been deployed on Solana testnet and devnet.","Be sure to fully review the upcoming changes in the Pyth code to determine how this will impact your application. Pyth documentation is available here. If you have any questions, please reach out on Discord or Telegram.","As a reminder, the Pyth price oracle manages a number of on-chain accounts. There are three different types of accounts:","Product accounts store metadata about a product, such as its symbol (e.g., “BTC/USD”) and asset type.","Price accounts store the current price information for a particular product. This account has fields such as the current price, a confidence interval, a time-weighted average price, and whether or not a price is currently available.","Mapping accounts serve as a listing of other accounts. The mapping accounts are organized into a linked list whose values are the set of product accounts. These accounts allow applications to enumerate the full list of products whose prices are available on Pyth.","Product accounts contain an attribute dictionary, which is a key-value store holding a small amount of useful information to allow consumers and publishers to be certain about which product it is. The most conspicuous attribute is one called “symbol”, which is often used as a display name, and could easily be mistaken for a unique identifier. As always, more details are in our docs.","Where possible, we would like tickers to be short, intuitive, and unique but this is difficult to achieve across multiple asset classes and geographies.","What is wrong with this?","We had a number of clashes between US equities and crypto pairs, for example, STEP/USD (crypto, equity), UST/USD (crypto, equity), and SBR/USD (crypto, equity).","There are known clashes in other asset classes too: for example, there’s a US equity called “HKD” which is also the mnemonic for Hong Kong Dollar. And there are two potential “SAN/EUR” equities in the Eurostoxx 50: Santander, the Spanish bank, and Sanofi, the French pharmaceuticals company.","Even where there aren’t clashes, there’s potential for confusion. We might have “DAI/USD” the cryptocurrency and “DAI/EUR” shares in Daimler AG.","Note that crypto will no longer have “country” or “tenor”.","Equities will no longer have “tenor”.","FX and metals will no longer have “country”.","For more details and examples, be sure to check our Product Metadata docs.","The deployment of the new symbology onto the Solana mainnet will start at 0830 US Central / 1430 UTC.","Deployment is expected to last tens of minutes (max 1 hour). This will depend on how RPC nodes behave, the better the shorter the deployment","As this new symbology gets deployed, this will not affect the publishing of data.","Users should not rely on the symbol name being unchanging or parse data out of the symbol.","Instead, programs should always use the different attributes to identify the product you are interested in. We have to ensure that anything which is used to compose the symbol is made available as a stand-alone attribute.","We are limited to 464 bytes to store the attribute dictionary in v2 (the product account is 512 bytes and 48 are used for other fields). This has to hold all the keys and values, plus field separators. There is no data compression or abbreviation.","We hope that the changes introduced above (live on Solana mainnet on February 3rd, 2022) will not negatively impact your current program. If it does, please be sure to update your program accordingly before the go-live date.","On the Pyth side, these changes will enabled to be much more scalable with regards to products available within the network, while ensuring that anyone leveraging these price feeds can easily and confidently understand which asset is linked to the account.","If you have any issues or questions, come join us on Discord or Telegram, we’ll be happy to support you. For reference, docs are available here and the details of the Product Metadata are here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-symbology-update-february-3rd-2022"},"/blog/new-pyth-data-provider-aax":{"version":1,"title":"New Pyth Data Provider: AAX - Blog - Pyth Network","description":"AAX Exchange joins Pyth Network, leveraging LSEG tech to expand DeFi. The world’s first digital asset exchange powered by the London Stock Exchange.","keywords":"","h1":["New Pyth Data Provider: AAX"],"h2":["Who is AAX Exchange?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","AAX Exchange joins Pyth Network, leveraging LSEG tech to expand DeFi. The world’s first digital asset exchange powered by the London Stock Exchange.","Data Providers","Feb 10, 2022","We are thrilled to welcome AAX Exchange, the world’s first digital asset exchange powered by LSEG Technology, within the Pyth Network to contribute to the expansion of the global DeFi ecosystem.","AAX is a cryptocurrency exchange powered by LSEG Technology’s Millennium Exchange — the same matching engine that powers London Stock Exchange. It is also the first of its kind to have joined the London Stock Exchange Group’s (LSEG) Partner Platform.","Launched in November 2019, AAX Exchange now serves more than 100 crypto-to-crypto trading pairs to over 2 million users spread over 100 countries.","AAX trading volume grew exponentially during 2021 Q4 as it reached a 24-hour daily trading volume average of $1 billion.","AAX Exchange will provide real-time institutional-grade crypto market data in a sub-second frequency directly on-chain to the Pyth network. DeFi protocols as well as off-chain programs will be able to leverage AAX market data through the aggregate Pyth oracle price.","“The rise of crypto encompasses more than the emergence of a new asset class alone. More importantly, it’s about imagining a new financial system in terms of culture and infrastructure, and then building it,” said Ben Caselin, Head of Research and Strategy at AAX. “Our integration with the Pyth network forms part of an ongoing effort to build more resilience and integrity into the crypto markets, better connect and synchronize top-tier trading firms in the industry, and ultimately optimize the user experience.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about AAX Exchange","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-aax"},"/blog/7-pyth-network-a-first-party-financial-oracle":{"version":1,"title":"Pythiad #7: A First-Party Financial Oracle - Blog - Pyth Network","description":"Pythiad #7 newsletter welcomes readers & newcomers to explore the Pyth network’s history. Exciting updates and discussions ahead!","keywords":"","h1":["Pythiad #7: A First-Party Financial Oracle"],"h2":["Coming Up","Pyth Network Developments","Pyth Users","Pythian Community"],"h3":["Pyth Whitepaper","New Feeds","New Symbology","On-chain perpetuals have never been that easy","Too many options!","Financial innovation happens here","Futures","Trading Volume","NPM & Rust Downloads"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad #7 newsletter welcomes readers & newcomers to explore the Pyth network’s history. Exciting updates and discussions ahead!","Newsletter","Feb 1, 2022","Welcome to the 7th installment of the Pythiad, the Pyth network newsletter!","For those who missed Pythiad #1, Pythiad #2, Pythiad #3, Pythiad #4, Pythiad #5 or Pythiad #6 be sure to check them out. We covered just about the entire history of Pyth network until today!","To our followers: thank you for all your support, feedback, and good vibes! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there is so much to discuss.","Pyth Network Developments","Pyth End-Users","Pyth in Chicago","Pyth Metrics","Pythian Community","January 2022 will remain as one of the most important times for the Pyth network and its community with the whitepaper revelation.","Following the initial release of the Pyth network whitepaper and coverage by the Financial Times on Tuesday, 18th January 2022, we wanted to provide to the Pythian community a summary of the whitepaper. If you were to have any questions, come join us in our Discord or Telegram.","Growth in DeFi requires high-fidelity, time-sensitive, real-world data, direct from the source and made available on any L1 blockchain. Financial market data, however, is often accessible to only a limited set of institutions and users. Traditional markets typically maintain strict control over and access to both live and historical price feeds. Consequently, only a selected group of users has access to the most timely, accurate, and valuable information.","The Pyth network is a next-generation oracle solution that aims to bring this valuable financial market data to the general public. The network does so by incentivizing market participants — trading firms, market makers, and exchanges — to share the price data collected as part of their existing operations. The network aggregates this first-party price data on-chain and makes it available for use by either on- or off-chain applications.","End-users of Pyth data can elect to pay data fees to gain protection against a potential oracle failure. As data publishers must stake tokens in order to publish data for a product, the stake of at-fault publishers (if they make the aggregate price erroneous) will be used as a payout to those end-users voluntarily paying fees. Delegators choose which product (price feed) and a publisher to stake on top of in order to earn data fees (or lose their stake if the oracle is inaccurate due to publisher faults). Initially, 80% of the data fees will go to delegators while the remaining 20% will be shared among publishers — this, among other parameters, will be subject to change through a PYTH governance.","The goal of the design and mechanics around the PYTH token aim to make the Pyth network self-sustaining and decentralized.","3 different types of stakeholders will interact within the network:","Publishers publish price feeds and earn a share of data fees in exchange. Publishers are typically market participants with access to accurate, timely price information. The protocol rewards publishers in proportion to the quantity of new pricing information that they share.","Consumers read price feeds, incorporate data into smart contracts or dApps, and optionally pay data fees. Consumers can either be on-chain protocols or off-chain applications.","Delegators stake tokens on a specific product and publisher to earn a share of the data fees in exchange for potentially losing their stake if the oracle is inaccurate.","Any actor may have multiple roles within the network. For instance, data publishers (or consumers) may additionally decide to delegate tokens to earn additional data fees.","Network participants will interact following 4 on-chain core mechanisms:","Price aggregation combines the reported prices and confidence intervals of individual publishers into a single price feed and confidence interval feed for a specific product (e.g. BTC/USD feed). This mechanism is designed to produce robust price feeds — feeds whose prices cannot be significantly influenced by small groups of publishers.","Data staking allows delegators to stake tokens to earn data fees. The delegators in aggregate also determine the level of influence (stake-weight) that each publisher has on the aggregate price. In addition, this mechanism determines whether delegators’ stakes are slashed. Finally, the mechanism collects data fees from consumers and distributes a share to delegators (initially set at 80%). The remainder (20%) goes into a reward pool that is distributed among publishers.","Reward distribution determines the share of the reward pool earned by each publisher. Each product has a reward pool that delegators can stake into. The reward distribution mechanism preferentially rewards publishers with higher quality price feeds and reduces the likelihood that uninformed publishers will earn rewards.","Governance will be using a coin-voting system that will help determine the high-level parameters of the three mechanisms above. Parameters include what types of tokens may be used for data fees; which products are listed on Pyth; the share of data fees allocated to publishers, delegators, and other uses; the number of PYTH tokens that publishers must stake or enable claims to be filed against a product, and more.","Overall, every participant will have incentives to fully engage with the network:","Publishers are incentivized to stake PYTH tokens to participate in the protocol and earn a share of the rewards. Publishers earn a share of the data fees for the products they price. The data fees for a product will likely grow in proportion to consumer usage of the price feed. Publishing erroneous (voluntarily or not) data to the network may lead to the publisher’s stake being slashed.","Consumers are incentivized to pay data fees for two reasons. First, data fees enable applications to reduce the risk of using Pyth price feeds as they would receive a payout in case of failure. Second, paying data fees attracts more publishers to the product, which improves the robustness of the price feed.","Delegators are incentivized to participate in the protocol to earn data fees (coming from consumers’ data fees). Delegators will initially earn attractive payments, but competition between them will reduce the payments over time as the market becomes more efficient.","To learn more about the whole Pyth network, we urge you to read our whitepaper. Should you have any questions about it, let us know through Discord or Telegram.","January has been a quiet month on the front of new feeds as only one appeared:","JET/USD (Crypto)","JET is the utility token of the decentralized borrowing and lending protocol Jet Protocol. JET enables the two following primary uses:","Governance voting rights to change and upgrade Jet Protocol","Tiered usage benefits of Jet Protocol earned by locking up JET","Jet is also leveraging the Pyth feeds to power their platform and it is with pleasure that we now support their homemade token within the network.","When will we see moar feeds?","Up until now (and will continue for a short period of time), new feeds have been added according to demand and sourcing capacity. However, as presented in the whitepaper, the process to add new products within the network will become (once Pyth is feature complete) fully decentralized, thus enabling anyone to work towards adding (and even sourcing) the product he wishes for.","We are currently working to get a handful of new additional products live. Those should appear in February, and if you want to be the first few that know which feeds are in the works, you can always find some alpha when checking other environments such as testnet or devnet.","Announced previously this week, the Pyth program and more specifically the Pyth Product Accounts structure have received a lifting that will be deployed onto Solana mainnet on February, 3rd. So be sure to check out the blog post and adapt how your program reads Pyth data. If you have any questions, come to our Discord or Telegram.","The overall goal was to resolve a number of clashes between US equities and crypto pairs, for example, STEP/USD (crypto, equity), UST/USD (crypto, equity), and SBR/USD (crypto, equity).","There are known clashes in other asset classes too, for example, there is a US equity called “HKD” which is also the mnemonic for Hong Kong Dollar. And there are two potential “SAN/EUR” equities in the Eurostoxx 50: Santander, the Spanish bank, and Sanofi, the French pharmaceuticals company. Even where there aren’t clashes, there’s potential for confusion. We might have “DAI/USD” the cryptocurrency and “DAI/EUR” shares in Daimler AG.","So what’s new?","As a reminder, within Pyth program product accounts store metadata about a product, such as its symbol (e.g., “BTC/USD”) and asset type. In addition, not all products share the same account structure.","With the new symbology, according to the asset type value, the remaining fields will vary. Crypto will no longer have “country” nor “tenor”, equities will no longer have “tenor” and FX & Metal will no longer have “country”.","Overall, users should not rely on the symbol name being unchanging or parse data out of the symbol. Instead, programs should always use the different attributes to identify the product they are interested in.","These changes will enable us to be much more scalable in regards to products available within the network while ensuring anyone that leverages these price feeds can easily and confidently understand which asset is linked to the account.","New Symbology Blog Post","Docs on Product Medatata","This January has not only been a month to remember for Pyth but many of our great partners and end-users. Indeed, we have seen an unprecedented flow of new DeFi primitives getting launched on Solana and existing ones further establishing themselves as successful.","Solana speed and low-gas not only allows complicated products to exist on-chain but also enable both the general public and traditional market participants to “trade” as if they were using centralized exchanges. Thus, this leads to significant volumes traded.","Perpetual platforms such as Mango Markets, Drift Protocol, Bonfida, and now 01 Exchange (launched on Solana mainnet on January 27th) have accumulated over $3.2B in trades during the month of January. We expect this number, even if the bear market comes in (yikes), to be up only for 2022.","Nonetheless, there is still so much potential growth when compared to other solutions. Most top 10 centralized exchanges report more than $1B volume per day ($30B on a monthly basis) with the top 3 executing regularly over $10B ($300B+ monthly).","So wen will we see Solana perps protocols reaching $1B+ daily? Hopefully soon.","Options are one of the many financial derivatives the general public has access to when trading equities but despite being available for crypto trading, they are still under-used.","In 2021, a record of 39 million options contracts have traded daily, rising 35% from 2020 and retail investors now account for more than 25% of this trading activity. The US equity markets options volume as a percentage of spot is ~35X bigger, which goes to show the potential to replicate the sheer size of the options market on crypto. But the reality today is that while option writing strategies have been one of the most lucrative ways to earn yields on digital assets, crypto options volume as a percentage of spot volume is ~2%.","Then how is the option environment shaping up in Solana?","We need to go back as far as March 2021 and the inaugural Solana x Serum Hackathon, to find the first-ever options-related program mentioned with PsyOptions. Since then, PsyOptions remained relatively simple as it works similarly to option trading in traditional finance with a central limit order book for physically-settled American options. Based upon the Serum Core program, PsyOptions is actually enabling anyone to use their pre-existing market structure to create and trade options on any asset you wish for the duration you want. In addition to their existing American Options, PsyOptions are currently working on European-style options which will enable a greater capital efficiency to users.","Following PsyOptions, Zeta Markets revealed itself during the Solana Season Hackathon from May 2021 with a hybrid order book and options AMM model (automated market maker) that allows for efficient pricing and deep liquidity. The idea was to emphasize the user experience with easy-to-trade derivative products and exciting underlying.","But the whole option ecosystem on Solana really took off when the first DeFi Option Vaults (DOV) appeared. Existing DOVs on Solana are Chest Finance, Friktion, Katana, and Tap Finance. DOVs are very simple: users stake their assets into vaults which will then deploy the assets into pre-selected options strategies such as covered calls or put selling to earn additional yield. Despite being risky (any uninformed investment is risky), the release of those DOVs now enables the general public to have access to strategies previously only available to institutions. For a great explanation of DOVs, we suggest you read the QCP Capital blog.","With the infamous Solana composability, the last arrived (DOVs) garnered great success among DeFi users given their ease of use and appealing APY returns. Both of which led DOVs to quickly collect over $200M in TVL and this is only the beginning.","Indeed, the past week saw Zeta Markets announcing a partnership with Ribbon Finance, the leading DOV on EVM chains with more than $150M in TVL and $3B of options volume traded since inception. Through this action, the Ribbon user-friendly “Theta Vaults”, already available on Ethereum and Avalanche, will find their way to Solana and, more specifically, on top of the Zeta’s infrastructure which enables to mint and auction DeFi options. Details are available here.","In addition to the above DeFi segments, there are many more that are yet to reach global significance, but their innovative products and killer teams will likely lead them to success and mass adoption.","Perpetuals (mentioned above) are a “crypto” innovation from 2014 popularized by the notorious Arthur Hayes (alongside Ben Delo and Sam Reed) and have been so far the go-to financial product for the general public looking to express their market view through leverage in the crypto markets.","However, the traditional finance world has always been operating through another type of financial derivatives: futures. Futures contracts obligate the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price; while perpetuals, as the name suggests, never expire and therefore have no final settlement or delivery. Futures in the traditional markets represent about half the trading activity with 30 billion contracts settled in 2021, and despite doubling in the number in the last 8 years, futures have been, until now, the big absentee within DeFi.","Luckily Zeta Markets happened! On the 17th of January, Zeta released dated futures (weekly SOL expiry for now) for everyone to leverage. With a deposit limit initially implemented ($1K per account), Zeta has already successfully resolved 2 weekly SOL futures (#1 & #2). We are very proud to see the Pyth feeds being utilized as the settlement reference for this one of kind DeFi product. With the caps raised, we are expecting to see significantly greater traction on these primitives.","To discover more be sure to check 01 docs as well as the Paradigm blog.","Another major industry segment utilizing Pyth’s HiFi data: the trading ecosystem on Solana, which trusts Pyth to provide fast and reliable market data to their index mechanism. Every protocol has its own Pyth integration approach: vAMMs solely rely on Pyth for pricing and funding rates (oracle price versus market price), while orderbook-based DEXs leverage an oracle only for the funding rate. Solana is known for unique and powerful perpetuals and synthetics trading platforms: Mango Markets, Drift, 01 Exchange, Bonfida, and Synthetify. The recent launch of Zeta Markets and other DOVs (Chest Finance, Tap Finance) also boosted options activity. In January, those protocols saw over $3.2B in volume traded.","Pyth network is open-sourced and its data is freely queryable. These features make it less than straightforward to comprehensively map what the network and its market data are used for. Another easy way to check on Pyth network’s adoption rate is to look up the NPM & Rust downloads. NPM (“Node Package Manager”) is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend. Meanwhile, a (rust) crate is a binary or library. The crate root is a source file that the Rust compiler starts from and makes up the root module of your crate. This enables to call on-chain data. Something has been awakening since December, and the trend looks something like ‘up only’.","This past month was packed and the Pythians showed to the task wonderfully well. First, we’d like to thank you all for the positive feedback the whitepaper brought. It was needed for a long time and are very happy to finally feed this craze.","One of the community highlight was the Pythia x Pyth art contest held within our Discord. Running for almost 10 days, we received a plethora of fancy & pithy art that you can review here. Among the whole lot, the top 10 submissions were selected and put up for votes which will end tonight (Feb 1st). The most up-voted art pieces will be broadcasted as the Pyth Intern banner in the following weeks while artists will either receive a Pyth NFT or Pyth merch.","Here is one of the submissions from Naive:","Similarly, Pythians have been spotted to be quiz lovers — as a matter of fact, we already organized 6 quizzes since the beginning. The idea is to have everyone have a good time while rewarding those who stay up to date with the Pyth network developments. There is a quiz ongoing here that focuses on the Pyth whitepaper, so if you have read it, come test your knowledge.","The Pythian community also had the chance to hear live some of the Pyth network contributors. First, Mike Cahill, one of the directors of the Pyth Data Association was invited to the FTX Podcast led by Tristan Yver. In the podcast, Mike mentions its beginning into crypto as well as touch point on the Pyth world so give it a listen.","In addition, another part of the team (@shadddowfax, @AlasdGem, and @KemarTiti) spent its Wednesday night on Twitter Space with the Zeta team. We’ll look to release content over this great discussion with one of the Solana DeFi spearhead teams.","The Pyth network found its way to the 1st ads billboard on Solana: Million Sandbox. From here, you may access both the Pyth website as well as the whitepaper.","Finally, Pythians, be on the lookout for the next weeks (early February) as the team will go on 2 other Twitter Spaces. Don’t miss those ones but in the meantime, you can check out the below Pythians takes.","https://twitter.com/Sea3P0/status/1485384480584093701","https://twitter.com/BabeApe2334/status/1485015350987005957","https://twitter.com/christopherhuff/status/1480939894440710150","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Pythiad #5: Last straight before 2022","Pythiad #6: 2021 in Review — 2022 in Sight","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/7-pyth-network-a-first-party-financial-oracle"},"/blog/pyth-monthly-update-january-2022":{"version":1,"title":"Pyth Network Monthly Update | January 2022 - Blog - Pyth Network","description":"Pyth Network sparked collaboration between TradFi and DeFi at its January workshop, launching a whitepaper and expanding into multi-media support.","keywords":"","h1":["Pyth Network Monthly Update | January 2022"],"h2":[],"h3":["⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network sparked collaboration between TradFi and DeFi at its January workshop, launching a whitepaper and expanding into multi-media support.","Updates","Jan 31, 2022","Pyth network lit a passionate fire in many hearts this January.","TradFi and DeFi natives shook hands and collaborated, for the time in history, at January’s Pyth Network Workshop and Solana Hacker House. In the midst of this newfound camaraderie, we released the Pyth whitepaper. For those who couldn’t make it, the recordings are uploaded. In the meanwhile, strong teams continue to ship (with Pyth) while the Pyth network goes multi-media and multi-lingual.","Symbology update. (Implementation on Feb 3)","Integration partner feature launches, powered by Pyth:","01 Exchange mainnet launch: $SOL-, $BTC-, and $LUNA-PERP","Zeta Markets first futures settled","Synthetify releases new vault products","DRIFT adds $ADA-, $ATOM-, $DOT-, and $MATIC-PERP","Mango Markets adds new $LUNA-PERP while UXD already minted $4M","Solend lists $UST and $stSOL","Port Finance lists $FIDA","Larix lists $stSOL","Chest launches a $FIDA vault","Tap Finance launches $FIDA and $stSOL vaults","Pyth Network Hacker House and Workshop(Jan 17–21) with Solana!","Convergence Hackathon (by Serum & Wormhole): 19 teams building with Pyth! Hackathon submissions close on Feb 2, 11:45PM EST.","READ: Pyth Whitepaper!","WATCH: Pyth Workshop — Walking Through the Pyth Whitepaper","WATCH: Pyth: Under the Hood","Art contest in the Discord. Special theme: Pythia, Oracle of Delphi/DeFi","Zeta x Pyth Twitter Space. Recording to be released soon","Catch the Pyth Network Chicago Workshop presentations here","New podcast! Listen in on Mike Cahill, Head of EMEA for Jump Trading, talking shop about Jump and Pyth network","More socials for the Chinese-speaking community, including Telegram and Twitter","Website localizations: Chinese, Japanese. More to come!","Congratulations to Zeta Markets and 01 Protocol for their mainnet launches, both powered by Pyth!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-january-2022"},"/blog/introducing-pyth-publishers-metrics":{"version":1,"title":"Tracking Data Provider Performance: Publisher Metrics - Blog - Pyth Network","description":"Pyth Network launches Publisher Metrics – a public dashboard tracking data provider performance for enhanced DeFi transparency and verification.","keywords":"","h1":["Tracking Data Provider Performance: Publisher Metrics"],"h2":["Why Do We Need Publisher Metrics?","How to Use Publisher Metrics"],"h3":["Data Providers","Data Users","Accessing the Metrics","Interpreting the Metrics"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches Publisher Metrics – a public dashboard tracking data provider performance for enhanced DeFi transparency and verification.","New Products","Feb 15, 2022","Pyth Network has released its Publisher Metrics, a public dashboard of Pyth’s data providers’ performance metrics.","Developers benefit from granular insight into Pyth’s data performance and its data providers' track records.","Data providers benefit from new analytics and monitoring capabilities.","This release is part of Pyth’s broader commitment towards transparency and verifiability — the fundamental values of DeFi.","Publisher Metrics is a new analytics feature on the Pyth Network website. The feature provides insights that will empower developers and data providers by providing the historical performance of the oracle network’s data sources. This powerful tool reflects our commitment to transparency and delivering timely, accurate, and valuable first-party data for everyone.","Pyth Network is unique in that all of its data is verifiable; any output can be traced back to its sources. Data providers in the network individually submit their prices and confidence intervals to the Pyth on-chain protocol, which then aggregates them. There are no off-chain components in the Pyth data distribution process, which guards against potential forms of manipulation found in off-chain designs. This level of transparency is one among many benefits of Pyth’s publisher network model.","The Pyth Network has outlined a novel oracle network design to incentivize data provider (or \"publishers\") to provide their proprietary data on-chain for aggregation and dissemination cross-chain to decentralized applications.","Public dashboards showcasing the Pyth Network's data providers' historical performance will give the protocol's participants better insight into the network's performance and inform their ability to support the ecosystem.","Data providers are incentivized to provide timely, valuable data. These providers can use the new metrics feature to track their performance and benchmark themselves against one another. These performance metrics will become even more important when publishers are required to stake PYTH to publish and are able to participate in Pyth’s on-chain rewards program.","The Publisher Metrics will allow end-users to evaluate the individual components (sources) of Pyth’s aggregate prices and participate in on-chain governance accordingly. Governance can affect many parameters of the network.","The Pyth Network is taking steps towards realizing the vision outlined in the whitepaper. Publisher Metrics are a critical first step toward providing the necessary information participants to make thoughtful, informed decisions within the network.","Anyone can access the Publisher Metrics and monitor publishers’ performance on a per-product basis. Performance metrics include uptime, price-quality, and confidence interval accuracy. These metrics are in-line with the variables that will ultimately be used to determine publishers scoring and rewards, once the full system is deployed.","You can start at the Pyth Markets page, which will list every market symbol (“product”). Clicking on any product will bring you to the corresponding product page. We will use the SOL/USD product page as our example.","Each product page has a list of price components (representing each publisher by their publisher keys). Each component will link to the corresponding Publisher Metrics page.","Once you are on a product page, you can click on a publisher key (highlighted in yellow) under “Price Components” to access the Publishers Metrics page.","On the Metrics Page for a specific publisher, you will find the metrics graphs and the option to download a Conformance Report (TSV file).","To open the metrics for another publisher (of that same product), you can click on the “Back to the [SOL/USD] market”.","If you want to review the Publisher Metrics of another product (e.g. ETH/USD), you will need to access the relevant product page. As mentioned, the Pyth Markets page has the full list of products.","The Metrics Page shows four graphs derived from the publisher’s prices over a chosen time interval (24H, 48H, 72H, 1W, and 1M) for a single product (price feed):","The price graph shows how a publisher’s price compares to the aggregate price, illustrating how closely the two prices track each other, and whether there were any periods where the publisher deviated significantly from the rest of the market.","The uptime graph shows when the publisher was actively contributing prices. The x-axis subdivides the time interval into bins, and the y-axis is the % of slots in that bin where the publisher’s price was recent enough to be included in the aggregate. This graph lets you determine the regularity and reliability of a publisher.","The quality graph shows the dataset used in the regression model for computing the quality score. The quality score measures how well a publisher’s price series predicts future changes in the aggregate price. A smooth color gradient (from blue on the bottom left to pink on the top right) indicates a high-quality score.","The calibration graph shows how closely the publisher’s prices and confidences match the expected Laplace distribution. The closer the fit between the two distributions, the higher the calibration score. In other words, a perfect publisher should produce a uniform histogram. As a reminder, the calibration score does not reward publishers for producing tighter confidence intervals; rather, the score captures whether the reported confidence interval corresponds to the publisher’s “true” confidence.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram and follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pyth-publishers-metrics"},"/blog/solana-riptide-hackathon-pyth-ideas":{"version":1,"title":"Solana Riptide Hackathon —  Pyth Ideas - Blog - Pyth Network","description":"Pyth Network shares innovative ideas from the Riptide Hackathon. Explore new Pyth features or protocol concepts for a $30K prize!","keywords":"","h1":["Solana Riptide Hackathon —  Pyth Ideas"],"h2":["Pyth Features"],"h3":["# Pyth client in Golang","Protocol Ideas","Useful links"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network shares innovative ideas from the Riptide Hackathon. Explore new Pyth features or protocol concepts for a $30K prize!","Events","Feb 16, 2022","With the ongoing Solana Riptide Hackathon (2nd February — 17th March 2022), Pyth network’s contributors wanted to release some ideas we believe are worth considering. It is of course not a comprehensive list, and taking an idea below to production or submitting a completely original one will not be valued differently for the Pyth prize of $30K.","The ideas listed are essentially of two types:","Additional Pyth features or new developments","Protocol/Program idea that leverages Pyth product","Currently, Pyth offers a client library for most programming languages. However, there are always gaps to fill!","Existing Pyth libraries:","pyth-client-rs (crate) — Rust library for on-chain Solana programs or off-chain applications.","pyth-neon — Neon EVM compatibility layer for Ethereum applications running on Solana. This library provides a drop-in oracle replacement for Ethereum applications migrating to Solana, as it implements the same interface as most popular Ethereum oracles.","pyth-client-js (npm) — Typescript/Javascript library for off-chain applications, such as displaying the Pyth price on a website.","pyth-client-py (pypi) — Python library for off-chain applications, such as displaying the Pyth price on a website.","Potential new library:","pyth-client-go — Golang client for on/off-chain applications such as displaying the Pyth price on a website or incorporating in a smart contract. Past Solana Hackathon: Ignition, saw one team: Poseidon, releasing a high-performance liquidation bot for the borrow and lending platform Solend. Poseidon client was written in Go, but the code has not been made open source, and since Pyth program did receive minor updates requiring tweaks.","# Improvements to Pyth Javascript client library","The javascript client library currently allows users to subscribe to or poll price updates for all symbols at once. However, several users have requested single-price feed versions of both operations. The task here is to update the library to support these requests.","The best way to do this is to make a class representing a single price feed that supports both polling and a subscription method. Users can instantiate this class using https://github.com/pyth-network/pyth-client-js/blob/main/src/PythHttpClient.ts to download the mapping from symbols to accounts","# Oracle Mocking Tools for Testing","The pyth-client-rs should include some mocking libraries that enable users to create Pyth accounts and feed any pricing data they wish. These accounts are needed for downstream protocols to test their instructions end-to-end. The mocking should be good enough for downstream protocols to test account ownership logic.","As a reference, here is Jet Protocol mocking tool: https://github.com/jet-lab/jet-v1/blob/80aa42ef1e064e3f48fdda731d24963f732ab4b2/tests/jet.spec.ts#L103","# Pyth Dune Analytics Dashboard","Recently, Dune Analytics deployed the tooling to track on-chain Solana data.","As of today, 3 dashboards already exist, one being dedicated to Drift for example.","Creating a Dune dashboard would likely be very beneficial to Pyth network participants: from publishers, end-users but also delegators. As Pyth will greatly evolve this year with many features like staking or delegation to be rolled out, the dashboard will have to be continuously completed.","However, there are already some valuable metrics to highlight through Dune. A non-comprehensive list of data points of interest:","Count of daily transactions of the Pyth Oracle program","Segmentation of daily transactions per individual publishers // Solana address (design idea)","Count of all (daily) price updates","Segmentation of all (daily) price updates per asset/price feed (Drift Dune Dashboard)","Count the number of assets each publisher (Solana account) quotes (table style)","Protocols Trading Volume using Pyth (PERP with 01, Bonfida, Drift, Mango, Synthetics with Synthetify, Futures with Zeta, Options with Zeta, Friktion, Chest, PsyFinance, Katana — careful to not double count). This can be shown in multiple graphs with different views: #1 segmenting data by the style of protocol (PERP, Synthetics, Futures, Options), #2 segmenting by protocol name.","Protocols Open Interest using Pyth (PERP with 01, Bonfida, Drift, Mango).","# Fair LP Price via Fair Asset Reserves","Develop the Fair Asset Reserves idea put forth by Alpha Finance here. Indeed, integrated with the previously released method to calculate the price of a basket of assets, this would enable any protocols to support LP tokens on their platform while reducing to the maximum possible the potential risks they face helping those.","Conclusion extracted from Alpha Finance blog: With the combination of fair asset prices (already available via Pyth) and fair asset reserves (to be created), we can now derive the fair LP token prices that are unmanipulatable and safe from attack vectors such as flash loan attacks.","Developing the Fair Asset Reserves function would enable billions of dollars of assets to become even “more productive” and integrated throughout the Solana DeFi ecosystem.","As of today on Solana, only Port Finance supports LP tokens for borrowing purposes. And actually, only one LP token is supported, and it is an LP from a “stable/pegged” AMM pool (Saber USDC-USDT). Larix, another borrow-lending protocol, offers to supply a set of LP tokens on their platform, but it is not yet possible to borrow them.","Alpha Finance Blog for greater details","# Options IV Calculator","Provide a function (or tool) within Pyth that enables options protocol to calculate options IV through the Black Scholes model. All derived upon a mix of Pyth inputs & custom protocol inputs.","To determine IV, you need the below inputs:","Market price of the option (protocol input — observable from the protocol markets)","Underlying stock price (returned from Pyth)","Strike price (protocol input — observable from the protocol markets)","Time to expiration (protocol input — observable from the protocol markets)","Risk-free interest rate (protocol input or potentially returned from Pyth, see below idea)","# DeFi Risk-Free Rate Calculator","Linked to the above idea but not exclusive to it, it would be to create a “DeFi risk-free rate” calculator using Pyth or product (price feed) within Pyth. Then, similarly to independent publishers sending quotes for a specific asset, we could imagine borrow-lending protocols (initially only Solana ones to make the feed specific enough and so useful) sending their ongoing supply rate to a Pyth product. With Pyth aggregation, we would then return a consolidated value representing a “tentative” valuation of risk-free rate on Solana.","USDC supply rates from 15th February 2022 (excludes any additional rewards such paid out in native protocol token):","So imagining all protocols send those values as inputs to Pyth, it would then return a consolidated value that we could consider as the risk-free rate on Solana for USD(C). Here disregarding confidence intervals and their impact on the pyth aggregation, just grossly taking the median value would return 2.11%. Of course, nothing is risk-free, even when tied to US bills (currently how risk-free rate is tracked), so additional parameters such as smart contract risk could be helpful.","Generating this (Solana) DeFi risk-free rate could help in the Options IV calculator mentioned above, but such value and its meaning could actually be implemented elsewhere. We could imagine a protocol offering derivatives of this risk-free rate to track the macro-environment. During bull markets, borrow (and supply) rates increase as opportunity costs arise, while in bear markets, stablecoins supply rate tends to go down as people seek “refuge.”","By this publication, the fantastic Jet team released an open-source tool for fetching interest rates across Solana lending platforms. So with some tweaks, you should be able to spin up the necessary, and don’t forget to thank the Jetters as they did some legwork for you.","# Evolving NFTs","n NFT collection that would see its metadata updated according to the underlying asset it follows. For instance, we could imagine one of the NFT to be BTC related where if the current BTC price is higher than the one 24 hours ago (could be one week, one month…), the NFT metadata would show “Bull” (grossly representing a bull market). The other way around would see the metadata be “Bear” and express the downward market direction.","The above proposal is purely about the pricing of the tracked asset affecting the NFT metadata (as well as its visual potentially). Still, we could further imagine that the asset followed incorporates a pricing or reward mechanism that would create some “rarity” or a real impact whether your BTC NFT is in “Bull” or “Bear” mode.","For instance, when minting the NFT, you must choose between Bear & Bull mode, representing a bet on the following week’s market evolution. If you minted a Bull, and next week’s price is below the current one (and so Bear mode), you would lose your Bull NFT completely (burned from your wallet). While if you were right, you would receive a payout: the latter could come either through token creation or share the “losers” stake.","# Oracle-Based Swap","Build a protocol that offers swaps based upon the oracle price (exchange rate) rather than pool reserves (traditional AMMs design). This Oracle-based swap would have the advantage of providing more competitive pricing to users, especially as this could enable the protocol to offer very low slippage (highly concentrated liquidity) even on large orders.","Rather than “constant” liquidity offered (scaling out from the initial price), the Oracle-based swap should integrate Pyth confidence interval to scale the liquidity according to the price range provided. For example, Pyth returns BTC = 40,000 +/- 10 — so a large swap on the protocol would heavily stay around 40,000, as it is the oracle price. But as the order is substantial (TBD how this is determined), the last fills could skew towards 40,010, which is the end of the Pyth price range for BTC.","# AMMs with Guardrails","When swapping via traditional AMMs (using pool reserves design), the AMM “worst” exchange rate should not go outside the Pyth price +/- confidence interval.","So that any order that would be too large, meaning negatively affecting AMM exchange rate (as it does not track the ‘real price’ anymore until an arbitrageur arrives) would be only partially filled to keep the AMM reserves so that its exchange rate fits with the Pyth range.","This feature could improve (reduce in this case) impermanent losses for liquidity providers though it has to be proven. Another use case would be making “life” easier or at least less risky for newcomers to DeFi and 1st time encounters with AMMs.","In this case, the AMM having integrated the Pyth price +/- its confidence interval would only allow a partial fill to the users. As the AMM price moves along the curve (x * y = k), it will at some point exits the Pyth price +/- confidence interval band. When it does, it means that the potential fill price from the AMM is not a good/efficient one, and as a user, I would/should not make the trade.","Another feature could be to prevent any swap when the AMM price is outside of the Pyth price +/- confidence interval band.","Pyth Website","Pyth Whitepaper","Pyth Docs","Pyth Client Libraries","Pyth Code Example (in Rust)","Pyth Workshop Day 1 — Understanding the Pyth Architecture (Publisher oriented but great basics)","Pyth Workshop — Day 2 — Walking Through the Pyth Whitepaper","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/solana-riptide-hackathon-pyth-ideas"},"/blog/new-pyth-data-provider-three-arrows-capital":{"version":1,"title":"New Pyth Data Provider: Three Arrows Capital - Blog - Pyth Network","description":"Three Arrows Capital joins the Pyth network as a data contributor, boosting DeFi access and supporting quantitative trading.\n","keywords":"","h1":["New Pyth Data Provider: Three Arrows Capital"],"h2":["Who is Three Arrows Capital?"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Three Arrows Capital joins the Pyth network as a data contributor, boosting DeFi access and supporting quantitative trading.","Data Providers","Feb 16, 2022","We are pleased to welcome Three Arrows Capital, a sophisticated hedge fund specializing in quantitative trading, to the Pyth network as a data contributor, which will help to democratize access to market data and support the broader DeFi community.","Three Arrows Capital, established in 2012 in Singapore by Su Zhu and Kyle Davies, has become a leading voice in the crypto ecosystem.","Three Arrows Capital focused on quantitative FX, Options, Equities, and Crypto trading before eventually fully pivoting to crypto in 2018.","While vocal on social and the podcast circuits, the co-founder duo rarely announces their investment size in public. However, it was known that their stake in the Grayscale Bitcoin Trust reached close to $2B in April 2021.","Additionally, the fund has been known to invest in top-tier crypto projects like Polkadot, DY/DX, Aave, Lido, MINA, Avalanche, Solana, and many more. They recently led a $150M funding round for developing on NEAR Protocol, a promising L1 with proof-of-stake technology. They are also actively investing in equities of prominent crypto companies such as Deribit, Fireblocks, and BlockFi.","Three Arrows Capital will contribute its proprietary market data for crypto assets.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Three Arrows Capital Website: https://www.threearrowscap.com/","Pyth Network: https://pyth.network/","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-three-arrows-capital"},"/blog/new-pyth-data-provider-g-research":{"version":1,"title":"New Pyth Data Provider: G-Research - Blog - Pyth Network","description":"G-Research, Europe’s top quantitative finance firm, joins the Pyth Network, initially sharing equity market data.","keywords":"","h1":["New Pyth Data Provider: G-Research"],"h2":["Who is G-Research?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","G-Research, Europe’s top quantitative finance firm, joins the Pyth Network, initially sharing equity market data.","Data Providers","Feb 23, 2022","G-Research, Europe’s leading quantitative finance research firm, is now on the Pyth Network.","G-Research is Europe’s leading quantitative finance research firm","G-Research utilizes machine learning, big data, and some of the most advanced technology available to predict movements in a range of financial markets","G-Research is based in London, UK","G-Research will initially contribute its equity market data to the Pyth network.","As Chris Goddard, CTO of G-Research, explained, “given the opportunity that Defi could present, we are excited to participate in this industry initiative and to begin publishing prices to the Pyth network.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn morea bout our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about G-Research","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-g-research"},"/blog/pyth-pathway-by-figment-learn":{"version":1,"title":"Pyth Pathway by Figment Learn - Blog - Pyth Network","description":"Learn Pyth HiFi data for DeFi! This guide simplifies connecting to Solana, streaming prices, and understanding the Pyth network.","keywords":"","h1":["Pyth Pathway by Figment Learn"],"h2":[],"h3":["Important Links"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Learn Pyth HiFi data for DeFi! This guide simplifies connecting to Solana, streaming prices, and understanding the Pyth network.","Pyth Primers","Feb 23, 2022","The Pyth 101 Pathway is a simple guide for developers who want to leverage Pyth HiFi data for DeFi applications. Within the pathway, you will learn how to set up the environment required to operate (i.e. Install Pyth Client, DataHub), how to connect to Pyth on Solana, and consume on-chain data (streaming prices).","In addition to the technical aspects of Pyth, you will get a general overview of the network (as outlined in the whitepaper) and explanations of Pyth core elements such as the Confidence Interval.","To get started, please check out this video using the Pyth Pathway on Gitpod.","Figment integrating the Pyth Network with DataHub provides developers with easier access to the real-time, on-chain market data only Pyth can deliver. We look forward to more educational content from Figment on the network to help our developer community make their smart contracts even smarter.","“The Pyth Network has seen incredible growth since launching. Figment is proving themselves to be a market leader in bringing resources to web3, and their commitment to scaling Pyth data feeds marks an important milestone in achieving scalability” said Michael Cahill, Director at the Pyth Data Association.","Pyth Pathway by Figment Learn Youtube Video","Figment GitHub repository","Figment Discord","Figment Learn","Figment Pathways","Figment DataHub","Figment Devs Twitter","Figment Twitter","Figment YouTube Channel","Pyth Website","Pyth Docs","Pyth Client","Pyth GitHub","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-pathway-by-figment-learn"},"/blog/new-pyth-data-provider-peak6":{"version":1,"title":"New Pyth Data Provider: PEAK6 - Blog - Pyth Network","description":"Pyth Network welcomes PEAK6, a leading fintech firm revolutionizing investment markets with its innovative tech solutions. \n","keywords":"","h1":["New Pyth Data Provider: PEAK6"],"h2":["Who is PEAK6?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes PEAK6, a leading fintech firm revolutionizing investment markets with its innovative tech solutions.","Data Providers","Feb 22, 2022","We are very pleased to welcome PEAK6, a financial technology business that is at the frontier of innovative transformation of the investment and capital market landscape, to the Pyth Network.","Founded in 1997, the firm established its first tech-based solution to optimize options trading. Over the past two decades, the same formula has been used across a range of industries, asset classes, and business stages to consistently deliver superior results.","Headquartered in the heart of financial markets in Chicago, PEAK6’s core brands include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions, PEAK6 InsurTech, Evil Geniuses and Poker Power.","PEAK6 joins more than 45 prominent data publishers across various asset classes, including digital assets, equities, and FX. Participants in the Pyth network include Cumberland DRW, Flow Traders, FTX, Galaxy Digital, Jane Street, Jump Trading Group, LMAX, Two Sigma Securities, and Virtu Financial among others.","PEAK6 will contribute its real-time cryptocurrency market data to the network.","“At its core, PEAK6 is committed to investing in and partnering with transformational organizations that are building a better world through the power of technology, which is why joining Pyth was an obvious decision,” said Tom Simpson, Chief Executive Officer, PEAK6 Capital Management. “We look forward to contributing to the success of DeFi and the fast-evolving transformation of the financial markets through this important project. Together, we will work to make crypto and traditional financial market data accessible in an innovative way.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about PEAK6","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-peak6"},"/blog/8-pythiad-powering-up":{"version":1,"title":"Pythiad #8: Powering Up - Blog - Pyth Network","description":"Catch the latest Pythiad newsletter! Recap of the Pyth network’s history & welcome new followers. More to come!","keywords":"","h1":["Pythiad #8: Powering Up"],"h2":["Coming Up","Pyth Developments","Pythian Community"],"h3":["Pyth Publisher Metrics","Trading Volume","Publishers","NPM & Rust Downloads","Singapore Hacker House","Twitter Spaces","Pythian Quiz","Flag Monkez & Pyth NFTs","Build in the Open"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Catch the latest Pythiad newsletter! Recap of the Pyth network’s history & welcome new followers. More to come!","Newsletter","Mar 1, 2022","Welcome to the 8th instalment of the Pythiad, the Pyth network newsletter!","For those who missed Pythiad #1, Pythiad #2, Pythiad #3, Pythiad #4, Pythiad #5, Pythiad #6 or Pythiad #7 be sure to check them out. We covered just about the entire history of the Pyth network until today!","To our followers: thank you for all your support, feedback, and good vibes! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there is much to discuss.","Pyth Developments","Pyth End-Users","Pyth Publishers","Pyth Metrics","Pythian Community","On the 15th of February, the Pyth network released its publisher metrics, a new analytics feature on the Pyth website providing insights into the historical performance of the network’s data sources to empower developers, publishers, and delegators. This powerful tool reflects our commitment to transparency and delivering timely, accurate, and valuable first-party data for everyone.","Check out our blog post to learn more.","TL;DR:","Developers benefit from granular insight into Pyth’s data performance and publishers’ track records","Publishers benefit from new analytics and monitoring capabilities.","Delegators will benefit from increased transparency on publisher data quality, which can better inform their staking decisions","Consider the amount of trading volume that depends on Pyth’s data. Each protocol has its own Pyth integration: perpetual contracts using a CLOB or a vAMM use Pyth as their index reference to set the funding rate. Synthetics platforms use Pyth price feeds as the exchange rate basis for swaps in between synthetic assets. Futures or Options protocols (specifically DOVs) are integrating Pyth feeds for their options or futures settlement.","Pyth price feeds played a crucial role for these protocols and enabled over $3.7B in volume traded.","Data is king, and the Pyth network stands committed to onboarding only high-quality data sources and establishing a direct bridge — without any middlemen — between these sources and the blockchain. As of today, the Pyth network has attracted 46 publishers to the network (45 excluding Amberdata on March 1st).","Pyth network is open-sourced and its data is freely queryable.","A way to check on Pyth network’s adoption rate is to look up the NPM & Rust downloads. NPM (“Node Package Manager”) is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend.","A (rust) crate is a binary or library. The crate root is a source file that the Rust compiler starts from and makes up the root module of your crate. This enables you to call on-chain data and make your protocol works.","Something has been awakening since December, and the trend looks like ‘up only’.","The Solana Foundation x Zeta Markets Hacker House was held over 6 days in Singapore (Feb 15–20) and saw hundreds of participants meeting face to face. During the event, a short Pyth network crash course presentation was given. Those in the hacker house will also remember a Zeta x Pyth panel that focused on Solana infrastructure!","One more Hacker House is taking place this week (March 1–6) in Prague. On top of this, many more events are in the pipeline, so stay tuned — wink wink New York Hacker House (Mar 14–18).","Throughout February, Pythians have gathered in Twitter Spaces with teams that have either integrated the Pyth feeds or contributed data to the network.","Pyth x Zeta (27th Jan)","Pyth x Serum (3rd Feb)","Pyth x Drift (8th Feb)","Pyth x Token Damo (18th Feb)","Pyth x Katana (23rd Feb)","Pyth x Crypto RoundUp Africa (24th Feb)","Pyth x MarginFi (1st Mar)","Pyth x Burnt Finance (1st Mar)","More Spaces will come in March with other amazing teams, so stay tuned!","In addition to Spaces, March may see the first-ever Discord Townhall for the Pythians, so be sure to join our Discord.","Twice a month, Pythians Discord members competed in Quizzes about the Pyth network. Each time, even the top minds win a sub-set of possible prizes. Our 8th quiz concluded on Feb 28, had about 300 participants. Only two of them have scored 100% this time. Will you be up to the challenge for the 9th Pyth Quiz?","This month saw an NFT project: Flag Monkez. We are proud to be one of the 151 Solana projects Flag Monkez will create an NFT for.","Speaking of Pyth NFTs, we had a few proud Pythians exhibiting their collection.","In our quest to make high-quality first-party data available freely to everyone — not the case today in traditional markets or on-chain — it’s only logical for Pyth’s contributors to work out in the open, alongside the community. In this spirit, the Pyth repo has been open-source since Day 1.","Being open-source has a key advantage: anyone can start building with Pyth data without requesting access or permission.","Exhibit 1 is a JS developer stoked for collecting pricing data for mSOL/USD. Exhibit 2 is from a developer looking to learn more Solana by building “anchor-options”, a cash-settled European options protocol written in Rust/Anchor.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Pythiad #5: Last straight before 2022","Pythiad #6: 2021 in Review — 2022 in Sight","Pythiad #7: A First-Party Financial Oracle","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/8-pythiad-powering-up"},"/blog/new-pyth-data-provider-amberdata":{"version":1,"title":"New Pyth Data Provider: Amberdata - Blog - Pyth Network","description":"Amberdata, a leading digital asset data provider, now powers the Pyth Network offering comprehensive on-chain data for enhanced crypto insights.","keywords":"","h1":["New Pyth Data Provider: Amberdata"],"h2":["Who is Amberdata?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Amberdata, a leading digital asset data provider, now powers the Pyth Network offering comprehensive on-chain data for enhanced crypto insights.","Data Providers","Mar 1, 2022","Amberdata, the leading provider of digital asset data, has joined the Pyth Network and will provide comprehensive, high-quality digital asset data on-chain","Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, as well as empowers financial institutions with data for research, trading, risk, analytics, reporting, and compliance.","Existing partners of Amberdata are LMAX, Coinbase, Kraken, Bitfinex and Binance among others.","“At Amberdata we believe data provider transparency is critical to the success of DeFi, so we’re excited to join the Pyth network as a first-party provider,” said Shawn Douglass, CEO of Amberdata. “We believe that this important partnership will enable us to reach an even broader audience of developers and projects, ensuring they have the most comprehensive, high-fidelity digital asset data to power their applications.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Amberdata","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-amberdata"},"/blog/pyth-monthly-update-february-2022":{"version":1,"title":"Pyth Network Monthly Update | February 2022 - Blog - Pyth Network","description":"Pyth network expands globally with new publisher partnerships and innovative features, driving growth and expanding listenership worldwide.","keywords":"","h1":["Pyth Network Monthly Update | February 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network expands globally with new publisher partnerships and innovative features, driving growth and expanding listenership worldwide.","Updates","Mar 1, 2022","Pyth network continues to heat things up worldwide!","From the frosty depths of Chicago to the balmy tropics of Singapore, and every region in between, you can find Pyth’s presence. More publishers join the Pyth parade. Strong teams leverage Pyth to deliver nifty new features. Hackathon builders emerge victorious. Listeners from around the world continue to tune in. Something is brewing.","AAX: The world’s first digital asset exchange powered by LSEG Technology joins Pyth as a publisher!","3 Arrows Capital: The Su Zhu and Kyle Davies quant trading firm joins as a publisher!","PEAK6: The financial tech business joins Pyth","G-Research: Europe’s leading quant financial research firm joins Pyth","Zeta Markets Launches Zeta FLEX: A permissionless, customizable options creation and auction protocol hit $29.1M TVL on Day 1 in partnership with Pyth, Katana, and Ribbon Finance!","Katana using Pyth in DOVs!","Publisher metrics deployed. Check out every publisher’s performance!","Ideal launches first-ever crypto analytics API powered by Pyth!","Fabric to begin offering FX & Metals synthetics powered by Pyth!","Drift releases $FTT-PERP powered by Pyth!","01 Exchange launched $ETH-, $AVAX-, $LUNA-PERP powered by Pyth!","Symbology update deployed to mainnet!","Zeta Markets third and fourth futures settled (powered by Pyth)!","Citrus launched Citrus Lending powered by Pyth!","Cope testing of trading calls powered by Pyth!","Synthetify releasing new pairs powered by Pyth","Pyth at the Solana Hacker House in Singapore! Great seeing everyone there, including at the Pyth x Zeta panel on Solana infra!","TokenDamo AMA. Recap here!","Convergence Hackathon winner announced! Congratulations to qPools for winning the Pyth track prize!","Honorable mentions: Furo, DropCopy, BaLex, Indexaro, Companion, Fruit Basket","Solana Riptide Hackathon begins, Pyth Prize for $30K. Want to build something cool? Check out these ideas!","Discord Whitepaper Quizzes! Top scholars win swag.","Figment launches Pyth 101 Pathway: a guide for developers","Twitter Spaces with Zeta Markets, Project Serum, DRIFT, Katana and CryptoRoundUpAfrica","Flag Monkez Pyth NFT auction","New WatersTechnology article featuring Pyth","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-february-2022"},"/blog/whats-in-a-name":{"version":1,"title":"Time Averaging Techniques for Market Data Oracles - Blog - Pyth Network","description":"Calculate time series averages with various methods like Pyth aggregate. Each has trade-offs in complexity & outlier sensitivity. Simplicity is key.","keywords":"","h1":["Time Averaging Techniques for Market Data Oracles"],"h2":["Simple Moving Average (SMA)","Exponential Moving Average (EMA)","What’s in a Name?","Future Improvements"],"h3":["Pyth’s Averaging Method","Inverse Confidence Weighted","Slot Weighted","Confidence in the EMA","Variable Effective Timescale","No Status Flag For EMA Quality","Overly Conservative Estimate of Confidence in EMA"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Calculate time series averages with various methods like Pyth aggregate. Each has trade-offs in complexity & outlier sensitivity. Simplicity is key.","Research","Mar 7, 2022","There are a variety of techniques available for calculating a time average of a time series, like the Pyth aggregate price. Each technique present tradeoffs in terms of complexity, sensitivity to outliers, and implementation cost.","When considering an approach for averaging Pyth data, we would like it to have the following properties:","1. Simplicity — Generally speaking, the simpler something is, the more likely it is to behave as expected, and the more robust it will be to unpredictable conditions. The obvious tradeoff here is that something too simple may not have all of the other desired properties on our list. As Einstein famously said, “Everything should be made as simple as possible, but not simpler.”","2. Robustness — We would like our averaging algorithm robust against messy data. One of Pyth’s innovations is that the aggregation process produces both an aggregate price and a confidence interval at each time slot. A robust averaging algorithm will make use of that confidence measure and not allow the average to be impacted by samples with outlier prices and wide confidence intervals. A robust averaging algorithm must also handle gaps and missing data in the time series.","3. Computational Efficiency — We would like our averaging algorithm to have small computational requirements on each price update and small storage requirements.","Probably the simplest technique that most people will be familiar with is the Simple Moving Average or SMA.","For example, to calculate a 1hr SMA, you keep track of all prices in the last 1hr window and average them. As time steps forward, old prices drop out of the back of the window, and new prices enter the front of the window.","While simple to understand, the SMA has a few drawbacks. The main one is that it requires you to store all of the prices within the averaging window, which in the case of a high-frequency data feed like Pyth, averaging windows of hours can turn into tens of thousands of numbers.","In its simplest form, it is also not robust to outliers with wide confidence or gaps of missing data. To add robustness through confidence weighting and handling of missing samples, confidence and timestamps for each sample have to be stored, tripling the already large storage requirements.","Another averaging method commonly used in finance and trading is the Exponential Moving Average or EMA. In an EMA, the most recent samples receive the most weight, and samples further back in time get exponentially less weight the farther in the past they are. For a 1hr EMA, the samples 1-hour in the past get 1/2 the weighting, samples 2-hours in the past get 1/4 of the weighting, 3 hours in the past get 1/8 of the weighting, etc.","Here is a plot showing the weighting of samples in an EMA compared to the weighting of samples in an SMA.","While conceptually not as simple as an SMA, the EMA has a particularly simple implementation for streaming applications such as Pyth. The exponential weighting method allows the entire history of prices and weights to be represented by a single number. To update the EMA when a new price comes in, the old average is decayed by an exponential weighting, and the new sample is added to it. With a storage footprint of a single number and a simple update rule, It is hard to beat an EMA for computational efficiency.","Pyth’s averaging method is a variation of an EMA that adds robustness. We preferred an EMA over an SMA because its computational efficiency is a good fit for on-chain applications. However, a basic EMA does not account for confidence intervals or missing data. Therefore, the current Pyth averaging method is a slot-weighted, inverse confidence-weighted exponential moving average of the aggregate price.","Each aggregate price sample is also weighted by 1/Confidence in the EMA calculation. If there are samples that are outlier aggregate prices with very wide confidence intervals, we would like the average not to be impacted by those outlier aggregate prices. Weighting each sample by 1/Confidence lets the EMA give more weight to samples with tight confidence and ignore samples with very wide confidence. Below is an example of an outlier aggregate price with a wide confidence interval. Notice how the average using inverse confidence weighting does not get pulled up by the outlier sample while the uniform weighted average does.","The Pyth EMA uses the Solana slot number to measure the passage of time. The averaging period is 5921 slots, corresponding to approximately 1 hour on Solana mainnet.","The average price has been called “TWAP” in the code, documentation, and the Pyth website. We plan on changing the name from TWAP to EMA Price (and TWAC to EMA Confidence) to avoid confusion in the wider Pyth community. Many of the folks involved in the original Pyth design and development come from the world of high-frequency trading, where moving averages are almost always implemented as EMAs since computational efficiency is so crucial (as it also is in scalable on-chain applications). We used the name TWAP to indicate that the average was time-weighted, as opposed to volume-weighted, volatility-weighted, or any number of other weighting methods often employed in trading systems. We plan to change the naming convention we use going forward to more accurately convey how the averaging is done.","On each individual slot, the confidence represents the uncertainty in the aggregate price. When using the aggregate price, consumer applications can make use of the price and confidence in combination to take conservative actions that reflect the uncertainty in the price (for example: originate loans based on price — 3confidence but liquidate loans based on price + 3confidence).","Since the aggregate prices each have some uncertainty associated with them, the EMA of these prices also has some uncertainty associated with it. Pyth reports a confidence interval on the EMA that can be used by consumer applications in the same way they use the confidence of the aggregate price. This confidence used to be known as the TWAC, but will be renamed to EMA Confidence to reduce confusion.","Calculating the confidence in an EMA of prices from the confidence of the individual prices requires us to make some assumptions about the correlation of errors in the prices from slot to slot. If the errors were completely uncorrelated, then for each slot, we would take the square of the confidence as the variance in that slot and calculate the variance of the EMA to be the EMA of those variances, and then take the square root of the EMA variance to get confidence in the EMA.","However, the uncorrelated errors assumption is inaccurate in some cases. For example, consider a period of time where the price is constant, and the confidence represents the bid-ask spread of the market. In this case, the confidence in the EMA shouldn’t average down to a smaller value with more and more identical price samples. We have repeated measurements of the same market price and uncertainty here, not independent ones with uncorrelated uncertainties. Similarly, in cases where there are outlier samples with wide confidences, the underlying cause is likely to persist for some period of time and potentially cause many samples to have correlated prices and uncertainties. Treating them as uncorrelated could dramatically underestimate the width of the true confidence in the EMA.","The other extreme would be to assume that all the samples are perfectly correlated, and then the confidence in the EMA would be the EMA of the confidence of each slot. Now this is almost certainly an overestimate of the width of the true confidence in the EMA for long averaging periods, as the errors in prices are not likely to be correlated on the timescales of tens of minutes. The truth lies somewhere between these two extreme limits, but there is no clear way to calculate it simply.","Underestimating the confidence width in the EMA could be very bad, causing consumers to have more faith in the precision of the EMA than is warranted. Overestimating the confidence width is a “safer” choice and the one that Pyth follows. While an overestimate, the confidence in the EMA calculated this way will be the typical confidence of the prices that went into the EMA, which is typically a reasonably small value.","The Pyth averaging method improves the standard time averaging techniques in several ways. However, it still has some limitations that the Pyth developers are working on improving in future upgrades.","Three different effects can lead to the effective timescale of the EMA being longer or shorter than the desired 1 hour.","Inverse confidence weighting was included to keep the EMA from being impacted by outlier aggregate prices with wide confidence intervals (as in the plot above). It does this quite well. However, an unintended consequence of this weighting is that if the confidence systematically widens for an extended period of time, those samples get de-weighted relative to the earlier period of time. That has the effect of stretching the effective timescale of the EMA. Similarly, if the confidence interval systematically narrows for an extended period of time, those new samples get over-weighted relative to earlier periods, effectively shrinking the timescale of the EMA. In practice, the confidence in the aggregate tends to be wider during periods of high volatility and narrows in periods of low volatility. These two effects conspire to increase the effective EMA timescale during periods of increasing volatility and decrease the effective EMA timescale during periods of decreasing volatility.","Solana congestion can increase gaps in the price series, which increases the EMA’s effective timescale. These gaps occur because the aggregation contract reports status=TRADING and produces an aggregate price for every slot if at least a minimum number of publishers (typically 3) successfully submitted a price within the last 25 slots otherwise it reports status=UNKNOWN and does not update the aggregate price. Only slots with status=TRADING are included in the EMA calculation. During periods of Solana congestion, the rate at which these gaps appear can increase substantially. Even though the EMA is properly weighting old data exponentially by the number of slots that have elapsed across these gaps, this still results in more weight being given to times with a low number of gaps and less weight given to times with high numbers of gaps. If the gaps cluster in time (which in practice they tend to do because they are caused by Solana congestion), this increases the effective EMA timescale during periods of increasing gappiness and decreases the effective EMA timescale during periods of decreasing gappiness.","Solana slot rate fluctuations lead to a change in effective timescale. Since the Pyth EMA is based on the number of elapsed slots, when the rate at which Solana slots are being processed fluctuates, the effective timescale of the EMA also fluctuates.","The aggregate price includes a status flag that indicates whether there are a sufficient number of publishers so that the current aggregate price and confidence should be used (status=TRADING) or whether we don’t have enough data to publish an aggregate price (status=UNKNOWN). However, this status flag only refers to the aggregate price in the current slot. Since the EMA depends on the price in this slot and past slots, the current status flag cannot effectively be used to judge the quality of the EMA at the current slot.","The more quant-minded may question (and have) why the EMA confidence calculation is done like it is, rather than calculating the square root of the weighted variance of the aggregate price samples. As discussed above, that would be correct if the samples were independent with uncorrelated errors (confidences). In practice, the samples are not independent over the scale of dozens to hundreds of slots, and in the case of outliers with large confidence, the errors are likely correlated from sample to sample. These effects lead the usual variance calculation to underestimate the width of the confidence in the EMA.","The EMA confidence calculation as currently implemented is equivalent to assuming all of the samples in the EMA have correlated errors, which leads to an overestimate of the width in the confidence in the EMA. The “truth” lies somewhere between the two but is not straightforward to calculate or estimate. We are working on ways to get a better estimate in the future.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/whats-in-a-name"},"/blog/new-pyth-data-provider-ml-tech":{"version":1,"title":"New Pyth Data Provider: ML Tech - Blog - Pyth Network","description":"ML Tech, a FinTech company, is partnering with the Pyth Network to provide crypto market data for next-gen trading platforms.\n","keywords":"","h1":["New Pyth Data Provider: ML Tech"],"h2":["Who is ML Tech?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","ML Tech, a FinTech company, is partnering with the Pyth Network to provide crypto market data for next-gen trading platforms.","Data Providers","Mar 2, 2022","ML Tech, a FinTech company building the next-generation trading platform within the crypto asset space, is joining the Pyth Network to contribute its crypto-asset market data.","ML Tech was founded in 2020 in Chicago, Illinois, by Leo Mindyuk (CEO) and Markus Leballeux (CTO).","ML Tech provides researchers the opportunity to test and execute their strategies with institutional investors looking for novel strategies to deploy their capital.","ML Tech platform leverages cutting-edge AI solutions to help produce new trading strategies at an industry-leading pace. Strategies can rely on our robust HFT capabilities to generate steady and consistent returns.","In 2021, ML Tech’s monthly trading volume grew 57 times: from $42M to $2.4B.","“Our mission at ML Tech is to democratize high-frequency trading in the crypto market, in doing so, it is critical for market participants to have access to trusted, high-quality data,” said ML Tech Co-founder and CEO Leo Mindyuk. “We are excited to leverage our latency optimized framework to solve challenges with the Pyth team and community and further expand in DeFi.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Learn more about our partnership in the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about ML Tech","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-ml-tech"},"/blog/new-pyth-data-provider-wintermute":{"version":1,"title":"New Pyth Data Provider: Wintermute - Blog - Pyth Network","description":"Pyth Network welcomes Wintermute, a leading algorithmic market maker, boosting data contributions for enhanced network performance.","keywords":"","h1":["New Pyth Data Provider: Wintermute"],"h2":["Who is Wintermute?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Wintermute, a leading algorithmic market maker, boosting data contributions for enhanced network performance.","Data Providers","Mar 8, 2022","We are proud to welcome Wintermute, a leading global algorithmic market maker in digital assets, to the Pyth Network. Wintermute will contribute its proprietary cryptocurrency market data to the network.","Wintermute is a proprietary trading firm in digital assets, active across over 60 centralized and decentralized exchanges, with daily volumes over $5bn.","The firm facilitates OTC trading in spot and derivatives for over 250 tokens.","Being a very active player in the blockchain ecosystem, Wintermute supports a number of high-profile blockchain projects with investment, integrations, co-development, and partnerships.","Wintermute was founded in 2017 by Optiver alumni, where CEO Evgeny Gaevoy was head of ETF market making.","Wintermute is backed by Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi Alliance, and other top-tier investors.","\"An integration with Pyth is the natural step forward for us and it is very much in line with both our strategy and values,\" said Evgeny Gaevoy, CEO of Wintermute. \"Our mission is to advance the decentralized world by empowering more transparent, fair, and efficient markets and products.\"","\"Ensuring top-quality real-time pricing is the cornerstone of success for our business, making Wintermute best positioned to deliver exceptional services for our partners. We are thrilled to continue this mission towards transparency and to make our market data available on the blockchain.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Wintermute","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-wintermute"},"/blog/new-pyth-data-provider-optiver":{"version":1,"title":"New Pyth Data Provider: Optiver - Blog - Pyth Network","description":"Optiver joins Pyth Network, sharing US equities prices. The global proprietary trading firm adds valuable data to our network.","keywords":"","h1":["New Pyth Data Provider: Optiver"],"h2":["Who is Optiver?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Optiver joins Pyth Network, sharing US equities prices. The global proprietary trading firm adds valuable data to our network.","Data Providers","Mar 14, 2022","We are delighted to welcome Optiver, a global proprietary trading firm and market maker for various exchange-listed financial instruments, to the Pyth Network where it will contribute its US equities prices.","With 35+ years of global market-making experience, the firm was founded by Johann Kaemingk in 1986 as an options market maker on the European Options Exchange (known as Euronext).","As a market maker, Optiver trades derivatives, cash equities, bonds, forex, and exchange-traded funds (ETFs).","With more than 1100 employees, Optiver is headquartered in Amsterdam with offices in Chicago, Austin, Shanghai, Sydney, London, Singapore, Hong Kong, and Taipei.","“By participating in the Pyth Network we have a chance to support innovation in the space and work with the creators of tomorrow’s financial markets,” said Pat Cooney, Chief Technology Officer at Optiver. “We also look forward to helping shape the direction of blockchain development on a network purpose-built for the speed and throughput needs of modern financial markets.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Optiver","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-optiver"},"/blog/new-pyth-data-provider-kaiko":{"version":1,"title":"New Pyth Data Provider: Kaiko - Blog - Pyth Network","description":"Pyth Network welcomes Kaiko, a crypto data provider, to enhance smart contract data & transparency for institutional investors.","keywords":"","h1":["New Pyth Data Provider: Kaiko"],"h2":["Who is Kaiko?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Kaiko, a crypto data provider, to enhance smart contract data & transparency for institutional investors.","Data Providers","Mar 24, 2022","We are pleased to welcome Kaiko, a leading cryptocurrency market data provider for institutional investors and enterprises, to the Pyth Network.","Starting this summer, Kaiko will provide low latency crypto price data to the Pyth Network through its institutional-grade data infrastructure, and securely deliver quality off-chain market data to power smart contracts and bring transparency to all actors in the space.","Kaiko was founded in 2014 with the mission to become the foundation of the new digital finance economy by serving as a single source for market information from both centralized and decentralized marketplaces","Kaiko collects data from over 100 centralized and decentralized exchanges, makes 100 million API calls per week, and supports +120,000 spot, futures, and options data points","\"Kaiko is thrilled to be supporting the Pyth network and be a part of the impressive Pyth community,\" said Ambre Soubiran, CEO of Kaiko. \"We believe high-quality data is essential to the DeFi space to foster market efficiency and industry openness, and becoming a publisher was a natural step to reinforce our mission to bridge on and off-chain market data.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Kaiko","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-kaiko"},"/blog/new-pyth-data-provider-raydium":{"version":1,"title":"New Pyth Data Provider: Raydium - Blog - Pyth Network","description":"Pyth Network welcomes Raydium, Solana’s leading AMM, boosting liquidity and trading volume on the network. \n","keywords":"","h1":["New Pyth Data Provider: Raydium"],"h2":["Who is Raydium?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Raydium, Solana’s leading AMM, boosting liquidity and trading volume on the network.","Data Providers","Mar 9, 2022","We are excited to welcome Raydium, the leading Automated Market Maker (AMM) on Solana, to the Pyth Network.","If you would like to learn more about AMMs, we recommend this blog from one of our data publishers, Apifiny.","Raydium was among the first AMMs to go live on Solana in early 2021. Since then, Raydium has established itself as the Solana leading AMM with about $600M of Total Value Locked and over $43B in volume traded.","Currently, 35 trading pairs on Raydium have over $2.5M in liquidity and 60 over $1M.","In mid-2021, Raydium released its AcceleRaytor, a launchpad for the Solana projects to raise capital and drive initial liquidity in a decentralized and interoperable manner.","During 2021 Q3, Raydium expanded its AcceleRaytor with DropZone, which is dedicated to NFTs and aims to enable anyone to raise capital, seamlessly distribute NFT collections and build their community.","Raydium will contribute to Pyth by publishing in real-time its on-chain crypto prices to the network.","We look forward to further onboarding other amazing DeFi protocols as publishers. Indeed, these offer significant coverage for cryptocurrencies which will, in turn, enable Pyth to support more crypto assets and strengthen existing Pyth products.","Within the past 2 years, DeFi protocols have grown significantly, and even though they are still 20x smaller than CEXs on average, DeFi has become a non-negligible part of the greater crypto market.","With the addition of Raydium, applications can expect an even better digital asset market coverage as well as an increased ability to support less established assets and strengthen existing Pyth products.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Raydium","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-raydium"},"/blog/new-pyth-data-provider-geneva-trading":{"version":1,"title":"New Pyth Data Provider: Geneva Trading - Blog - Pyth Network","description":"Pyth Network welcomes Geneva Trading, a global FX principal trading firm, bolstering its oracle with first-party data and future asset expansion.","keywords":"","h1":["New Pyth Data Provider: Geneva Trading"],"h2":["Who is Geneva Trading?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Geneva Trading, a global FX principal trading firm, bolstering its oracle with first-party data and future asset expansion.","Data Providers","Mar 29, 2022","We are thrilled to welcome Geneva Trading, a global principal trading firm, within the Pyth Network.","Geneva will be contributing its first-party FX data onto the oracle, with plans to scale into additional asset classes as the network further develops.","Geneva Trading is a leading principal trading firm with a history of consistent success in the derivatives markets. Founded in 1999, the firm fosters an environment of innovation, entrepreneurship, and a disciplined approach to trading and investing.","With offices in Chicago and Dublin, the firm prides itself in having core foundational pillars of main businesses in trading, market-making, and risk management.","“There is an enormous market opportunity for DeFi networks, and we are eager to support innovators like Pyth and its growing community of data publishers,\" said Rob Creamer, CEO of Geneva Trading.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Geneva Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-geneva-trading"},"/blog/pyth-monthly-update-march-2022":{"version":1,"title":"Pyth Network Monthly Update | March 2022 - Blog - Pyth Network","description":"Pyth expands globally! New partnerships with Raydium & Wintermute at Solana, Avalanche, and Hacker House events. Next stop: Miami! 🚀","keywords":"","h1":["Pyth Network Monthly Update | March 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands globally! New partnerships with Raydium & Wintermute at Solana, Avalanche, and Hacker House events. Next stop: Miami! 🚀","Updates","Apr 1, 2022","Updates and excitement spring from Pyth’s footsteps around the globe!","It’s March Madness! Fantastic developments blossomed alongside Pyth’s presence at the Solana New York Bootcamp, Hacker House, and the Avalanche Summit at Barcelona. New data providers and integrations abound. Next stop for the Pyth parade: Miami!","Raydium: The renowned Solana AMM joins Pyth as a publisher!","Wintermute: The global algorithmic market maker in digital assets joins Pyth as a publisher!","Optiver: The global prop trading firm and exchange-listed instruments market maker joins Pyth!","Amberdata: The leading provider of digital assets data joins Pyth","ML Tech: A FinTech startup buliding the next generation of crypto trading platform joins Pyth","Kaiko: The leading cryptocurrency market data provider for institutional investors and enterprises joins Pyth","Aquanow: The leading digital asset infrastructure and LP joins Pyth","Geneva Trading: The global principal trading firm joins Pyth","Pyth reaches 50 publishers! That’s 1 new publisher per week since our hello world moment!","$2B Total Value Secured","Pyth launches $FTM feed!","Pyth launches $NEAR feed!","Pyth launches $C98 feed!","Ribbon Finance: The decentralized structured products protocol on Ethereum leverages Zeta Markets FLEX and joins the Pyth ecosystem","01 Exchange launches Power Perps in beta, powered by Pyth","Bucket Protocol (devnet), powered by Pyth","DFlow integrates with Pyth","Hubble integrates with Pyth","Apricot integrates with Pyth","DeltaFi integrates with Pyth","Everlend live on mainnet, powered by Pyth","Citrus: The new cross-chain swap protocol, powered by Wormhole, leverages Pyth","Snowflake: A Solana-based automation platform launches price triggers based on Pyth","Crux integrates Pyth data for their own data users!","Richard (Blockdaemon, and fellow Pythian) releases a Go client for Pyth","You can find Pyth in the Solana Cookbook. Learn to make delectable protocols!","Platinum Sponsor of FIA-PTG Conference in Boca","Solana New York Bootcamp and Hacker House (Mar 7–18)","Pyth x Burnt x Friends NYC Party","Pyth at Avalanche Summit. Catch the Cahill at the livestream.","What is that new sticker next to Pyth’s Twitter name?","A new video by Journal du Coin! We’ve been told that an English version is incoming!","New Telegram groups for the Turkey, France, and Vietnam communities!","Twitter Spaces with Burnt Finance, MarginFi, Jet, HXRO, 01 Exchange, Apricot, Hubble, DeltaFi, Syndica, and Figment!","Discord Art Contest: CLAIRVOYANCE! Congratulations to @crazzelino#8272, @binzialya#8693, and @Zahara#2663!","New podcast! Storm into the fray with the Ship Show ft. Mike Cahill and Kyle Samani (Multicoin)","Catch Pyth on your IG Feed with Oak Invest’s heroic coverage of Pyth.","Shoutout from Two Sigma Ventures podcast on Pyth!","01 Exchange (powered by Pyth): Allegiance NFT Giveaway for early access to Solana’s first Power Perps!","Friktion surpasses $1B in options traded, powered by Pyth","Zeta Markets continually settles $26M+ in TVL each Friday thanks to Pyth","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-march-2022"},"/blog/new-pyth-data-provider-aquanow":{"version":1,"title":"New Pyth Data Provider: Aquanow - Blog - Pyth Network","description":"Pyth Network welcomes Aquanow, a leading digital asset provider, boosting reliable financial data access and liquidity for latency-sensitive markets.","keywords":"","h1":["New Pyth Data Provider: Aquanow"],"h2":["Who is Aquanow?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Aquanow, a leading digital asset provider, boosting reliable financial data access and liquidity for latency-sensitive markets.","Data Providers","Mar 28, 2022","We are thrilled to welcome Aquanow to the Pyth Network. Aquanow will feed its high-quality digital asset data to Pyth, a specialized oracle solution for latency-sensitive financial data, and help deliver market access to trusted pricing.","Aquanow is a leading infrastructure and liquidity provider that enables institutional and enterprise use-cases for digital assets.","Each month, billions pass through the platform enabling a broad range of financial services for the world’s fastest-growing financial institutions, fintech platforms, and global companies.","Founded in 2018, Aquanow is purpose-built to deliver custom trading, payment, yield, and wallet solutions. The firm is guided by experienced financial executives and professional traders. Aquanow is an international organization with its head office located in Vancouver, Canada.","“As a company focused on digital asset infrastructure, we’re excited to support the Pyth Network and be a part of this growing DeFi community. This partnership recognizes Aquanow as a trusted source of market data,” said Phil Sham, Aquanow Chief Executive Officer. “Pyth is one of the leading oracle solutions in DeFi and works to bridge the gap between traditional and emergent financial markets. Our companies and missions are a natural fit.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Aquanow","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-aquanow"},"/blog/new-pyth-data-provider-profluent":{"version":1,"title":"New Pyth Data Provider: Profluent - Blog - Pyth Network","description":"Profluent Trading joins the Pyth Network, bringing initial crypto pricing & plans to expand into FX markets through advanced trading strategies.","keywords":"","h1":["New Pyth Data Provider: Profluent"],"h2":["Who is Profluent Trading?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Profluent Trading joins the Pyth Network, bringing initial crypto pricing & plans to expand into FX markets through advanced trading strategies.","Data Providers","Apr 20, 2022","We are thrilled to welcome Profluent Trading to the Pyth Network. Profluent plans to contribute its first-party crypto pricing to Pyth initially, and scale up to FX and other markets in time.","Profluent Trading is a global proprietary trading firm that leverages statistical and machine learning techniques to manage funds in the equities, futures, FX, and options markets around the world.","With a presence in Puerto Rico, Japan, Korea, and the UAE, Profluent covers all major trading hubs around the globe for 24/7 high-frequency trading.","\"Providing real-time market data to global smart contracts and exchanges is invaluable to all market participants,\" said Bert Mouler, CEO and principal researcher at Profluent Trading. \"We are looking forward to seeing the infrastructure built here today that will ultimately help legitimize Web3 and DeFi in the coming years.\"","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data to the world and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Profluent Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-profluent"},"/blog/new-pyth-data-provider-xbullion":{"version":1,"title":"New Pyth Data Provider: xbullion - Blog - Pyth Network","description":"Pyth Network welcomes xbullion, a global gold & silver bullion network. They’ll share market data & utilize Pyth stablecoins for increased efficiency.","keywords":"","h1":["New Pyth Data Provider: xbullion"],"h2":["What is xbullion?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes xbullion, a global gold & silver bullion network. They’ll share market data & utilize Pyth stablecoins for increased efficiency.","Data Providers","Apr 21, 2022","We are excited to welcome xbullion, a global network for the settlement of physical gold and silver bullion, to the Pyth Network. xbullion will be contributing its proprietary market data for metals to the network and consuming Pyth crypto stablecoins price feeds.","xbullion is a global network for the settlement of physical gold and silver bullion. It applies the benefits of blockchain to bring transparency, efficiency, and accessibility to users in order to access the largest bullion marketplaces in the world, and it does so without charging ongoing custody fees.","xbullion GOLD and xbullion SILV are tokenized precious metals on the blockchain. Each token is secured by 1 gram of physical gold or silver respectively and is directly owned by the token holder.","New tokens are minted to the blockchain upon successful purchase and deposit of bullion in secure vaults. Registered users can purchase new tokens at any time through our partners, with wholesale pricing and deep liquidity. When tokens are redeemed, xbullion is able to ship physical gold bullion to most major cities through an insured courier service.","“As a company focused on digital bullion infrastructure, we’re excited to support the Pyth Network and be a part of this growing DeFi and digital assets community. This partnership recognizes xbullion as a trusted source of market data,” said David Lightfoot, xbullion Chief Executive Officer. “Pyth is one of the leading oracle solutions for latency-sensitive financial data and helps deliver market access to trusted pricing. Bridging the gap between traditional and emergent bullion markets. Our company and missions are a natural fit.”","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about xbullion","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-xbullion"},"/blog/9-pyth-on-the-march":{"version":1,"title":"Pythiad #9: Pyth On the March - Blog - Pyth Network","description":"Pythiad Newsletter 9: Updates on Pyth Developments, End-Users, Publishers, Metrics & the Pythian Community.  New welcome for newcomers!","keywords":"","h1":["Pythiad #9: Pyth On the March"],"h2":["Coming Up","Pyth Developments","Pyth Users","Pyth Metrics","Pyth Community"],"h3":["Solana Cookbook","Pyth EMA","Pyth Client in Golang","New Feeds","Ribbon Finance","New Publishers","Amberdata","ML Tech","Wintermute","Raydium","Optiver","Kaiko","Aquanow","Geneva Trading","Total Value Secured","Trading Volume","Publishers","NPM & Rust Downloads","NYC Solana Hacker House","FIA-PTG Conference"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad Newsletter 9: Updates on Pyth Developments, End-Users, Publishers, Metrics & the Pythian Community.  New welcome for newcomers!","Newsletter","Apr 1, 2022","Welcome to the 9th instalment of the Pythiad, the Pyth network newsletter!","To our followers: thank you for all your support and good vibes! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there’s much to discuss.","Pyth Developments","Pyth End-Users","Pyth Publishers","Pyth Metrics","Pythian Community","The Solana Cookbook is a developer resource that provides the essential concepts and references for building applications on Solana. Each concept and reference focus on specific aspects of Solana’s development while providing additional details and usage examples.","Pyth is the second integration available in the Solana Cookbook (alongside Project Serum). Give it a read for an easy Pyth integration!","In addition to the ‘streaming’ price of an asset, the Pyth network offers applications a Pyth EMA price to further enable use cases. For example, Pyth’s averaging method is a variation of an Exponential Moving Average (EMA).","We chose EMA over an SMA because its computational efficiency is a good fit for on-chain applications. However, a basic EMA does not account for confidence intervals or missing data. Therefore, the current Pyth averaging method is a slot-weighted, inverse confidence-weighted exponential moving average of the aggregate price.","You can explore more in our dedicated blog post and documentation.","Creating an entirely new market data referential — thanks to previously untapped composite market data — is just the beginning for Pyth!","Pyth’s next steps are to make this data widely available for all.","The first batch of libraries released was composed of Rust, JavaScript, and Python clients. Since then, incredible community builders have stepped up and carved new territory.","Richard Patel from Blockdaemon introduced a new library in Golang. The pyth-go library allows developers to access Pyth’s high-quality market data in near real-time from Golang applications. In addition, an open-source monitoring solution for fellow data publishers (or data hoarders and quant traders) is included. Check out Richard’s thread to see all the tooling he released!","Don’t forget the pyth-neon library, which provides a drop-in oracle replacement for Ethereum applications migrating to Solana!","As the Pyth.SolNet library, brought to you by Hoak!","Will you be the next heroic contributor? Whatever your journey, we all start with the docs.","Most platforms cannot support that specific asset without an oracle price reference. Pyth network will not stand for such a world!","Throughout March, the network has added three new feeds, with more to come:","C98/USD (crypto)","NEAR/USD (crypto)","FTM/USD (crypto)","$C98 is the native token of Coin98, which was founded as a DeFi product builder to create and develop an ecosystem of DeFi protocols, Web3 applications, and NFTs on different blockchains. Coin98 is continually looking for new methods to innovate products and expand its network. $C98 serves many functions, such as allowing holders to earn a portion of transaction fees, giving them membership discounts for products and services, and rewarding them for staking cryptocurrency.","$NEAR is the native token of the NEAR protocol: a sharded, proof-of-stake, layer-one blockchain that’s simple to use, secure, and scalable. NEAR has experienced significant traction in the past few months, and we expect to see DeFi protocols leveraging the NEAR/USD Pyth product as an oracle index in their perpetual protocols. Deploying a NEAR feed (and perhaps more feeds from the NEAR ecosystem itself) is just a first step. One day, you might just find your favorite Pyth feeds made available in the NEAR ecosystem too!","$FTM is Fantom’s native token, which currently sits in the top 50 crypto assets in market capitalization. Fantom is a high-performance, scalable, and secure smart-contract platform designed to overcome the limitations of previous generation blockchain platforms. Wormhole already supports Fantom, much like how Pyth supports $FTM. You know how the story goes…","Here’s a secret for our closest readers. If you want to figure out what the next supported feeds are, just take a look at our markets on testnet or devnet…","Pyth data is natively available on Solana. Accordingly, Pyth’s data is permissionlessly queryable (no paywall exists on the blockchain).** If you are using Pyth data, we will not know unless you tell us. So if you want us to help you and broadcast your protocol or companies on our website, all is here.","Ribbon Finance is an Ethereum-native protocol that creates structured crypto products for decentralized finance and is currently a leading ecosystem player with ~$230M in TVL. (Structured products are packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective).","Ribbon is expanding to Solana and, in partnership with Zeta Markets, is leveraging the Zeta FLEX program to automatically settle their vaults on Solana with Pyth’s price feeds.","Who are the newest additions to the growing Pythian community from March?","Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, as well as empowers financial institutions with data for research, trading, risk, analytics, reporting, and compliance.","Existing partners of Amberdata are LMAX, Coinbase, Kraken, Bitfinex and Binance among others.","ML Tech was founded in 2020 in Chicago, Illinois, by Leo Mindyuk (CEO) and Markus Leballeux (CTO).","ML Tech allows researchers to test and execute their strategies with institutional investors looking for novel strategies to deploy their capital.","In 2021, ML Tech’s monthly trading volume grew 57 times: from $42M to $2.4B.","Wintermute is a proprietary trading firm in digital assets, active across over 60 centralized and decentralized exchanges, with daily volumes over $5bn.","The firm facilitates OTC trading in spot and derivatives for over 250 tokens.","Being a very active player in the blockchain ecosystem, Wintermute supports several high-profile blockchain projects with investment, integrations, co-development, and partnerships.","Wintermute was founded in 2017 by Optiver alumni, where CEO Evgeny Gaevoy was head of ETF market making.","Raydium was among the first AMMs to go live on Solana in early 2021. Since then, Raydium has established itself as the Solana leading AMM with about $600M of Total Value Locked and over $43B in volume traded.","Currently, 35 trading pairs on Raydium have over $2.5M in liquidity and 60 over $1M.","With 35+ years of global market-making experience, the firm was founded by Johann Kaemingk in 1986 as an options market maker on the European Options Exchange (known as Euronext).","As a market maker, Optiver trades derivatives, cash equities, bonds, forex, and exchange-traded funds (ETFs).","Kaiko was founded in 2014 to become the foundation of the new digital finance economy by serving as a single source for market information from both centralized and decentralized marketplaces.","Kaiko collects data from over 100 centralized and decentralized exchanges, makes 100 million API calls per week, and supports +120,000 spot, futures, and options data points.","Aquanow is a leading infrastructure and liquidity provider that enables institutional and enterprise use-cases for digital assets.","Each month, billions pass through the platform enabling a broad range of financial services for the world’s fastest-growing financial institutions, fintech platforms, and global companies.","Geneva Trading is a leading principal trading firm with a history of consistent success in the derivatives markets. Founded in 1999, the firm fosters an environment of innovation, entrepreneurship, and a disciplined approach to trading and investing.","With offices in Chicago and Dublin, the firm prides itself in having core foundational pillars of prominent businesses in trading, market-making, and risk management.","You can always review the full roster of data publishers on the Pyth website here.","One of the most important metrics is the Total Value Secured (TVS) by the Pyth’s price feeds. Price feeds are crucial for your operations, whether you are a borrow-lending protocol or a synthetics platform.","At the end of March 2022, Pyth feeds were securing about $2B!","Pyth data is natively available on Solana and (therefore) permissionlessly queryable. We may not be aware of every single program leveraging Pyth!","When possible, smart contracts are verified in-depth to confirm whether they’re using Pyth data. This is part of running fair assessments. But otherwise, if you are using Pyth data, let us know! We are happy to support and broadcast you on the Pyth website!","Consider the amount of trading volume dependent on Pyth data. Each protocol has its Pyth integration: perpetual contracts using a CLOB or a vAMM use Pyth as their index reference to set the funding rate. Synthetics platforms use Pyth price feeds as the exchange rate basis for swaps in between synthetic assets. Finally, futures or options protocols (specifically DOVs) integrate Pyth feeds for their derivatives settlement.","To date, Pyth has enabled over $3.7B in volume traded.","Data is king, and the Pyth network stands committed to onboarding only high-quality data sources and establishing a natural bridge — without intermediaries — between these sources and the end-users.","The Pyth network currently has 53 publishers!","Pyth network is open-sourced, and its data is freely queryable.","You can check Pyth’s adoption rate by looking at NPM and Rust downloads.","NPM (“Node Package Manager”) is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend.","A (Rust) crate is a binary or library. The crate root is a source file that the Rust compiler starts from and makes up the root module of your crate. This enables you to call on-chain data and make your protocol works.","Pyth in 2022 seems to be taking on an ‘up only’ trend…","The Pyth community knows no borders!","Since day 1, we have been building Pyth in the open. By this ethos, Pyth’s contributors are no strangers to hacker houses.","Did you catch us at the NYC Solana Hacker House earlier this month (Mar 14–18)?","We had the pleasure of meeting the builders among you at the Solana Bootcamp (Mar 7–11) too, a six-day offline event with in-person guidance and mentorship from Solana Labs engineers and Wormhole, Jump Crypto, Multicoin Capital!","At the same time, the Pyth network was also on-site for the FIA Principal Traders Group Conference in Boca Raton, Florida (Mar 15–17) as a Platinum sponsor. Other Platinum sponsors included Pyth contributors: DRW Cumberland, FTX, and Jump!","This is the first major ‘post-pandemic’ TradFi conference, and it’s long overdue! There was lots of excitement, and we had a wonderful time connecting with current and prospective Pyth supporters! Word on the street: a new data publisher revealed its future participation in Pyth live on stage…","For a recap of the conference, we recommend The Block article by Frank Chaparro.","If you like drawing, painting, meming, or taking quizzes be sure to join us in our Discord to partake in those events and have a chance to win some prizes.","This is the end of Pythiad #9!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Pythiad #5: Last straight before 2022","Pythiad #6: 2021 in Review — 2022 in Sight","Pythiad #7: A First-Party Financial Oracle","Pythiad #8: Powering Up","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/9-pyth-on-the-march"},"/blog/pyth-infrastructure-providers":{"version":1,"title":"Pyth Network Infrastructure Providers - Blog - Pyth Network","description":"Pyth expands infrastructure support with Syndica, Everstake, Figment & others, bolstering network performance for data providers.","keywords":"","h1":["Pyth Network Infrastructure Providers"],"h2":["Pyth Explainer: Introducing Pyth's Infrastructure Providers","Why Does Infrastructure Matter?","Who are the Pyth Infrastructure Providers?"],"h3":["Blockdaemon","Coinbase Cloud","Everstake","Figment","P2P","Syndica","Triton One","Pyth"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands infrastructure support with Syndica, Everstake, Figment & others, bolstering network performance for data providers.","Events","Apr 28, 2022","We are delighted to announce that Syndica has joined P2P, Everstake, Figment, Triton, Coinbase Cloud, and Blockdaemon to offer infrastructure support to the Pyth network. As a result, the Pyth network will be able to leverage the largest and most trusted infrastructure platforms to support data provider activities and other participants’ actions in the network.","Data providers in the Pyth network need dedicated infrastructure to maintain a high-frequency update (on par with Solana speed). To generate ~10 million price updates daily (200k per asset), the Pyth network publishers initiate about 100 million Solana transactions every day. These updates are published by first-party data providers such as Alameda Research, Chicago Trading Company, CMS, CoinShares, Cumberland DRW, FTX, Galaxy Digital, Genesis Global Trading, Jane Street, IEX Cloud, Jump Trading, Wintermute, and many more.","In addition to aiming for peak performance, leveraging a multitude of highly-skilled infrastructure providers enables bolstering of the reliability of the Pyth network in all circumstances. If Pyth publishers were to all rely on a single node provider, any defect originating from it would negatively impact the whole network and the applications that depend on it. In today’s environment, a single defective infrastructure provider would affect the publishers relying on its services. However, all the others would still be able to operate and continue offering HiFi data to anyone. As of today, there are 55 publishers spread around seven infrastructure providers.","“As more publishers and developers are entering the Pyth network ecosystem, ensuring that there is a simple and secure way for them to participate is mission-critical. Infrastructure partners fluent across different protocols will also be key to Pyth’s expansion strategy,” said Mike Cahill, Director of Pyth Data Association.","Blockdaemon is the leading blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring.","Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions, and developers to connect commercial stakeholders to blockchains.","Coinbase Cloud offers Web3 APIs, services, and blockchain infrastructure to power the next generation of software builders.","Coinbase Cloud’s suite of solutions covers a breadth of key crypto primitives, including data access, staking, payments, trade and exchange, identity, etc.","Everstake is the biggest decentralized staking provider in the blockchain industry, trusted by 625,000 users.","We have used enterprise-level hardware to run nodes for the most popular PoS blockchains since 2018.","“The first step in creating a completely decentralized, self-sustainable data marketplace is ensuring that participants have an easy way to participate in the network,” said Sergey Vasylchuk, CEO of Everstake. “Pyth has been instrumental to the growth of Solana’s DeFi ecosystem, and now, with wide support across the best infrastructure partners in the industry, bringing its first-party data oracle to other blockchains isn’t a matter of how, but when.”","Figment’s mission is to support the adoption, growth, and long-term success of Web 3 — the next generation of the Internet.","Headquartered in Toronto, Figment is a remote-first company with employees in over 23 countries worldwide.","“Oracles are an essential part of the Web 3 stack, and Pyth has created one of the most active data ecosystems in the industry. Figment is dedicated to supporting the ecosystem’s growth by providing best-in-class infrastructure for publishers and unique indexers for consumers and has streamlined the onboarding process for developers with its Pyth education pathway. We are excited about Pyth’s progress and its multi-chain deployment to power, even more, DApps across Web 3,” said Yannick Folla, Head of DataHub at Figment.","P2P is a world-leading non-custodial staking provider with the best industry practices, proven expertise, and more than $4B in value is staked.","P2P maintains high-availability nodes and provides a secure infrastructure for the most groundbreaking projects in the blockchain space.","We are excited by Pyth’s progress toward a self-sufficient decentralized oracle network. Our close cooperation will bring world-class infrastructure and help publishers deliver high-quality financial market data. Pyth’s vision is in line with our mission to help people access the emerging data-driven economy,\" said  Pavel Pavlov, Head of Solana Ecosystem of P2P.","Syndica is building the next generation of developer infrastructure for Web3.","Syndica offers a highly scalable RPC node infrastructure with advanced logging and analytics.","“Pyth underpin the vibrancy of the Solana ecosystem. We’re pleased to play a part in helping Pyth continue to provide on-chain price feeds that power exchange and much more on Solana. Syndica supports this mission by providing world-class infrastructure with advanced logging and analytics to Pyth price publishers. We look forward to working closely with the Pyth team to support our shared vision for a decentralized future,” said Ahmad Abbasi, Founder of Syndica.","Triton One provides RPC Pool and Guardian infrastructure services for Solana and other blockchain projects.","Triton One runs a large-scale Solana RPC deployment with 100 nodes across public and private pools geographically distributed worldwide with servers in the US, EU, and the Asia Pacific.","We look forward to further coordinating with excellent partners to establish a digital marketplace of institutional grade, high-fidelity financial data and power any financial dApps regardless of their blockchain base.","Pyth network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment. As of March 2022, about $2 billion of value was secured by Pyth price feeds.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-infrastructure-providers"},"/blog/pyth-monthly-update-april-2022":{"version":1,"title":"Pyth Network Monthly Update | April 2022 - Blog - Pyth Network","description":"Pyth, a young DeFi project, expands with global collaborations focusing on Building Blocks and DeFi Dreams. Growth continues!","keywords":"","h1":["Pyth Network Monthly Update | April 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth, a young DeFi project, expands with global collaborations focusing on Building Blocks and DeFi Dreams. Growth continues!","Updates","May 2, 2022","\"When April hath put a spirit of youth in everything\" – William Shakespeare","How are we still so early? Pyth is still young, and the journey continues. Pyth’s core contributors have been meeting and collaborating with Pythians in Los Angeles, Porto, Miami, and Nassau all throughout the month. We’re here to spread the good word about Building Blocks and DeFi Dreams.","xbullion: the team behind gold digital tokens is contributing metals data while consuming Pyth’s stablecoin feeds!","Profluent Trading: the global proprietary trading firm joins Pyth as a publisher!","The infrastructure heroes behind Pyth’s consistent data delivery: Pyth Infrastructure Providers Thread","Pyth launches $ONE feed!","Neon Labs releases Neon Alpha live on Solana devnet! Look forward to EVM-native Dapps leveraging Pyth data on Solana!","Friktion’s Entropy integrates with Pyth! Crab Strategy Volt, $1B within their DOV, and Power Perps, powered by Pyth!","Katana launches Crab Strategy built on Power Perps, powered by Pyth!","Lifinity’s litepaper release: Pyth supports Lifinity’s proactive market making.","DRIFT adds $SRM-PERP, powered by Pyth!","01 Exchange adds $NEAR-PERP, powered by Pyth!","Synthetify adds $GOLD synthetics, powered by Pyth!","Solend launches $C98 pool, powered by Pyth!","Snowflake on mainnet: decentralized cranking where users can trigger orders based on Pyth prices!","Read about Reliability Efforts at Pyth: A robust model for quality assurance.","Steady progress on network mechanisms discussed in whitepaper: On-chain Staking & Governance, and more…","Pyth Network sponsoring Crypto Bahamas (Serum x Pyth x Solana Foundation) and SALT Conference!","DeFi Building Blocks panel with Pyth, Mango, Friktion and Solana; Convergence Pyth Track winner qPools takes the stage to demo","Pyth Network sponsoring Solana Miami Hacker House! Great seeing you all in the summer deck, the shipping container where shippers ship!","DeFi Dreams panel with Syndica, MarginFi, and Zebec","Congratulations to Neptune, the grand winner of the Pyth track prize for Solana Riptide Hackathon!","Congratulations also to the 55 other submissions to the Pyth track in Solana Riptide!","Solana Japan Pyth Network livestream!","Surf’s up with Serum Surfers by Serum and Burnt Finance! Congratulations to the 5 winning Pythian artists!","What is Pyth Network? Watch and find out! Thanks to Journal du Coin for the original video en français","SolanaTW AMA","Twitter Spaces: Friktion, Cypher, Neptune","Spread the love with these nifty threads by Pyth Intern and Mariobern_ on Pyth!","Pyth Quiz #9. This was our hardest quiz yet. Congratulations to the top 3 champions: @wit3m#4750, @Titus#5875, and @JimmyFlower#6596!","Love comics? Check out Cyber Samurai’s Solana-based saga, featuring Pythia and your favorite protocol heroes!","HUMAN Protocol thread on Pyth. A trustless benchmark for comparing price feed accuracy with real world references","New Pyth Korean community! 한 가지 언어는 충분하지 못 해!","CoinPost article on Pyth Network! ソラナ基盤の次世代オラクル「Pyth Network」とは｜仕組みと特徴を解説","Alphacution Article, More Pyth Network, More Crypto Market Makers","Zeta Markets continues delivering $30M of options weekly","Pyth appearance in Lifinity’s IDO…","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-april-2022"},"/blog/reliability-efforts-at-pyth":{"version":1,"title":"Reliability and Security for Market Data Oracles - Blog - Pyth Network","description":"Oracle reliability is critical for DeFi. Inaccurate data can lead to massive financial losses and protocol failures. Developers must prioritize this.","keywords":"","h1":["Reliability and Security for Market Data Oracles"],"h2":["What is Reliability?","A Baseline Model for Price Feed Reliability","Modeling Correlations Between Publishers","Using the Bayesian Network to Determine Feed Reliability"],"h3":["The Danger of Correlated Errors","Sample Results","What Do We Do With These Results?","Which Products Are Ready for Mainnet?","Which Products Need Improvement?"],"h4":["Similar stories"],"h5":["How TrueCurrent Got Outside the Tech Cluster","Will Prediction Markets Reach $1 Trillion? When Everything Has a Price","When the Industry Starts Saying It: Pyth Is Becoming a New Model for Market Data","How US Equities Actually Trade: Sessions, Gaps, and What Most Data Providers Miss","What Is NBBO and Why Does It Matter for Market Data?","Mark Price vs. Index Price vs. Reference Price: What They Are and Why They Matter"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Oracle reliability is critical for DeFi. Inaccurate data can lead to massive financial losses and protocol failures. Developers must prioritize this.","Research","Apr 26, 2022","Oracles need to be highly reliable since inaccurate prices or service outages can cause financial losses for downstream users. For example, a lending protocol that receives an inaccurate oracle price could incorrectly liquidate its users. As an oracle secures more value, the consequences of failure become more serious. Even small failure probabilities become unacceptable.","Surprisingly, we don’t hear a lot of conversation in the developer community about reliability. There is a perception in the market that all oracles are equal: every price feed is perfect and will always publish the correct price. The connotation of the word “oracle” doesn’t help — it sounds like an infallible authority that always speaks the truth. This perception, however, is not true. It is hard to build a highly reliable system! Even large software companies have service outages, and traditional financial market participants spend considerable effort cleaning up inaccurate data feeds. Reliability is essential and takes hard work.","Oracles themselves must be responsible for reliability. Protocol developers shouldn’t be forced to deal with the consequences of oracle failures. Furthermore, any downstream safeguards that protocols implement are necessarily imprecise — for example, a protocol could check that the oracle price has not moved too much to filter out potential bad prices, but this will cause the protocol to miss sudden price moves. Oracles are much better suited to handle these problems internally. This approach also presents a friendly UX to developers, who no longer have to think about the consequences of oracle failures.","At Pyth, we have a threefold approach to reliability. Our aggregate confidence interval informs price feed consumers when there is substantial uncertainty around the aggregate price. Separately, our backup plan for reliability has always been to provide protocol developers with economic recourse if the oracle fails; the Pyth Network whitepaper proposes a mechanism for this purpose. While we think these measures constitute a solid failsafe plan, it is much better to prevent failures from occurring in the first place. Thus, our first line of defense is to build mechanisms and assemble data sources so that our price feeds are inherently reliable.","This post details some of the thinking we have been doing on reliability. We wanted to precisely define reliability, then leverage that understanding to build reliability into our price feeds. We decided to probabilistically model the mechanism behind Pyth’s price feeds, so that we could subsequently quantify and optimize for reliability. This post explains some of the thinking we’ve been doing on this front.","Reliability is shorthand for availability and accuracy:","Availability is the percent of time that the oracle is publishing a price.","Accuracy is the percent of time that the oracle price is in line with the broader market price.","Oracles need to be available and accurate to different degrees. Accuracy is all-important: publishing even a single inaccurate price could trigger liquidations and losses. Thus, the probability of publishing an inaccurate price must be vanishingly small. Availability is also important, but we can tolerate the oracle being offline more than the oracle being incorrect — it’s better for an oracle to be uncertain than it is for an oracle to be confident and wrong. However, limited availability is also dangerous, as a lack of availability could prevent downstream protocols from performing liquidations or other time-sensitive actions, which in turn could cause losses for users.","We want to quantify reliability, so we need to quantify availability and accuracy. To do this, we can think probabilistically and consider the probability of a feed being online and accurate as the standard metric for reliability.","It turns out there’s a simple way to think about reliability if we’re willing to make some assumptions. Pyth aggregates the reports of many different publishers to produce a single aggregated value. The individual publishers are assumed to be fallible, meaning they occasionally publish inaccurate prices or fail to publish a price. The oracle aggregates multiple reports in order to construct a more reliable feed from less reliable sources. The aggregation is designed to be robust, such that some number of publishers can be offline or inaccurate without causing a problem in the aggregate value. Pyth price feeds are available, as long as at least 3 publishers are currently online, and accurate, as long as a majority of online publishers are accurate.","If we assume that the publishers are independent, we can straightforwardly compute the probability that the aggregate value is offline or incorrect. To illustrate, consider a price feed that has 3 publishers, where each publisher has a 99% availability rate and 99.9% accuracy rate when it publishes. All 3 publishers must be online for the aggregate to be online; we can calculate the probability of this event as:","which implies a 2.97% offline rate. If the feed is online, then at least 2 of the 3 publishers must be accurate for the aggregate to be accurate. We can compute the probability of this event as follows:","which implies a 0.0039% error rate.","A problem with this analysis is that publishers could have correlated failure modes. The simple analysis ignores these correlations, which can cause it to dramatically overestimate the reliability of a feed. To illustrate this effect, suppose we introduce some more complex dependencies into the simple model from above. In particular, let us tie the first two publishers together such that their availability and accuracy statuses are exactly equal (e.g., they are running on the same infrastructure and using the same algorithm to publish prices). Then, we can compute the probability of the aggregate being online as follows:","which implies a 1.99% offline rate. The probability of the aggregate being online and accurate becomes:","because the aggregate being accurate when all three publishers are online is equivalent to the event that the two correlated publishers are accurate. This implies a 0.098% error rate. The simple analysis from above dramatically underestimates the failure probability of the overall price feed!","We wanted to model the reliability of Pyth price feeds in a way that accurately accounted for correlations between publishers. Furthermore, we wanted to capture Pyth’s unique way of providing aggregate estimates through both an aggregate price and a confidence interval.","One way to build this model is to directly represent the process whereby prices appear on-chain. The typical publisher reads price feeds from several exchanges, aggregates those feeds into a price estimate, then submits their estimate in a transaction to the on-chain program. This entire process is implemented in a long-running software program that is continuously reading data and pushing updates. There are several places in this flow where problems could arise:","The underlying price feeds could be inaccurate. This error could simultaneously affect all of the publishers reading from the inaccurate price feed.","The publisher’s software for processing the feeds could have a bug, causing them to report an inaccurate price.","The publisher’s infrastructure could fail, causing them to be unable to submit their transaction. In the simplest case, the publisher’s software program can crash, or their hosting infrastructure could have an outage.","Such transaction confirmation failures could also occur due to Solana network congestion, RPC node outages, or issues with the publisher’s own hosting. Note that many of these failure modes will simultaneously affect multiple publishers.","Our goal is to estimate the probability that these failures affect Pyth’s aggregate price and confidence interval. Each of these failure modes has some probability of occurring, which we can estimate from historical data. The aggregate price and confidence interval are a combination of multiple publishers’ prices, so we need a way to combine the probabilities of individual failure modes. One way to do that is to use a Bayesian network, which is a tool for representing probability distributions in terms of a number of smaller component distributions. We constructed the following Bayesian network to represent our problem:","A Bayesian network represents a probability distribution over a set of variables. Each circle in the diagram above represents a variable, and the edges represent dependencies between variables. Every variable can take on one of several values; for example, the aggregate can either be ACCURATE, INACCURATE, or OFFLINE. The Bayesian network determines the probability of each such value. See these notes for a primer on Bayesian networks.","Our Bayesian network assumes that there is a collection of N publishers and M exchanges. The network contains multiple variables per publisher and exchange; the publishers’ variables are indexed by i, and the exchanges’ variables are indexed by j. The network above encodes a probability distribution over the following variables:","mⱼ represents a data feed from exchange j. This variable has 2 possible values, either ACCURATE or INACCURATE, representing whether the exchange’s price is currently accurate or not.","Bᵢ represents whether publisher i is encountering a software bug. This variable has 2 possible values, either BUG or NO_BUG. When this variable’s value is BUG, the publisher will report an inaccurate price to the on-chain program.","Z_Gᵢ represents whether publisher i’s infrastructure is online. This variable has 2 possible values, either ONLINE or OFFLINE. We grouped publishers together to represent the fact that multiple publishers share infrastructure; the Gᵢ variable represents the group that the ith publisher is in. Thus, all of the publishers in the same group go offline together.","μᵢ represents the price publisher i submits to the on-chain program. This variable can take on 3 values: ACCURATE, INACCURATE, or OFFLINE. This variable depends on the exchanges that the publisher sources their data from (the edges from the mⱼ variables), and also the publisher’s software bug status (the edge from the Bᵢ variable), and the publisher’s online status (the edge from the Z_Gᵢ variable). For example, if the publisher’s infrastructure is offline Z_Gᵢ = OFFLINE), then the publisher’s price is also OFFLINE.","Aggregate represents the aggregate price. This variable can take on 3 values: ACCURATE, INACCURATE, or OFFLINE. This variable depends on all of the publishers’ prices (the edges from the μᵢ variables). Its value is determined by encoding the on-chain program’s aggregation logic as a probability distribution. Specifically, it is OFFLINE unless 3 or more publishers are reporting prices. It is INACCURATE if ≥ 50% of online publishers are INACCURATE. Otherwise, it is ACCURATE. The percentage thresholds used in this distribution are properties of Pyth’s aggregation logic.","This model allows us to set the probabilities of the failure modes listed above, then combine those probabilities to determine whether Aggregate = ACCURATE. This process uses an algorithm called belief propagation. Belief propagation is a well-studied approach to efficiently compute probabilities in a Bayesian network. For more details on belief propagation, see these notes and this helpful video primer.","One use case for this Bayesian network is to estimate the reliability of Pyth’s price feeds. We want to know the probability that a data feed prints an inaccurate price or goes offline. We can determine this probability by estimating the probabilities of each failure mode above using historical data, then combining them with the Bayesian network above.","We used an archive of historical Pyth data to estimate the probability of each failure mode. This archive records all of the data stored in the on-chain program at every Solana slot, including every publisher’s status (i.e., are they online?), their price and confidence, and the aggregate price and confidence. We computed the following quantities from the archive:","The probability that the different exchanges (the mⱼs) are inaccurate. We actually do this by abstracting away the individual exchanges, assuming that each publisher represents a single data source, and then using the empirical probability that the publisher’s price is more than 10% away from the aggregate price.* This is because there is no way for us to know exactly how each publisher produces its price.","The probability of a software bug occurring at each publisher Bᵢ. We calculate this probability by looking for extreme anomalies in the historical price series, such as a price of 0 or a price that is an order of magnitude away from the aggregate. Such anomalies are typically a result of a bug in the publisher’s software.","Which publishers are in each shared infrastructure group Gᵢ. We form the groups by calculating the pairwise correlation between the availability of each publisher and including any two publishers in the same group if their pairwise correlation is greater than some threshold, say 0.2.","The probability that each infrastructure group goes offline Z_Gᵢ. We set this probability conservatively to the highest offline rate of all publishers in that infrastructure group.","Once we have these probabilities, we can simply run belief propagation to obtain probability estimates for the different possible values of Aggregate.","As an example application of this model, we used it to analyze the reliability of the ONE/USD price feed. In mid-February, ONE/USD had 3 publishers in testnet. These publishers had the following availability:","Publisher 1: 22.1%","Publisher 2: 99.9%","Publisher 3: 21.84%","The baseline model predicted the following probability of the aggregate being online:","However, the actual online rate empirically observed at that time was 21.81%, due to the fact that the first and third publishers’ availabilities were almost perfectly positively correlated. When we run inference for the Bayesian network on this empirical data, we obtain the following predictions:","P(Aggregate = INACCURATE ) = 0.007%","P(Aggregate = OFFLINE) = 78.20%","P(Aggregate = ACCURATE) = 21.80%","These predictions are closer to the empirically observed rate. The Bayesian network’s predictions are better than those of the simple baseline model because it models the correlated failure modes across publishers. Note that the model is valuable even though we can directly compute the offline probability from the historical data set. The probability of an inaccurate price is so low that we would need a massive sample size of data to trust the empirically-estimated probability. The model allows us to extrapolate this error rate from a smaller data sample.","We are now using this Bayesian network to systematically assess the reliability of the products listed on Pyth. This model allows us to answer two important questions:","We typically add new products to testnet and then move them into mainnet once enough publishers are quoting them. We now incorporate explicit availability and accuracy thresholds into this process: every new product must be offline < 1% of the time, and the probability of publishing an inaccurate aggregate must be < 0.001%. (In practice, achieving < 1% offline is the main challenge. The probability of an inaccurate price or confidence is typically orders of magnitude below 0.001%.)","For example, in the case of ONE, the mid-February results clearly did not meet these thresholds. We, therefore, sought out additional publishers. By mid-March, we had 6 publishers quoting ONE/USD. Running the model again produced the following results:","P(Aggregate = INACCURATE) = 0.000013%","P(Aggregate = OFFLINE) = 0.78%","P(Aggregate = ACCURATE) = 99.22%","At this point, the feed met our accuracy and availability criteria, so we added it to mainnet.","One of our major efforts at the moment is to improve the reliability of all existing products in mainnet. This process requires us to recruit publishers who have prices for these products; recruiting publishers can be time-consuming. The model allows us to rank-order the existing products, and thereby focus our recruitment efforts where they are most impactful.","Pyth Network’s contributing developers are committed to building highly reliable data feeds. We recognize that DeFi applications depend on reliable oracles, and oracle failures can cause severe financial losses. This post details some of the work we’ve been doing to measure and improve the reliability of Pyth’s price feeds. We hope that this work conveys our commitment to being the most reliable oracle in DeFi.","Please reach out to us with any questions, comments, concerns, or suggestions you may have on Twitter at @anihamde and @jayantkrish.","* The astute reader may notice that we don’t seem to account for the error rates of the individual exchanges. Instead, in this parameterization of the network, we abstract away the individual exchanges and assign each publisher its own unique data feed. We then assign a correlation between any two publishers’ data feeds according to the observed correlation of error in our data. This in practice encodes the potential for correlation in publisher accuracy, without requiring granular data at the exchange level.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Aug 11, 2026","Apr 30, 2026","Mar 9, 2026","Feb 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/reliability-efforts-at-pyth"},"/blog/new-pyth-data-provider-woo-x":{"version":1,"title":"New Pyth Data Provider: WOO X - Blog - Pyth Network","description":"PYTH Network welcomes WOO X, a deep liquidity exchange, enhancing market data contributions for improved crypto trading.","keywords":"","h1":["New Pyth Data Provider: WOO X"],"h2":["What is WOO X?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","PYTH Network welcomes WOO X, a deep liquidity exchange, enhancing market data contributions for improved crypto trading.","Data Providers","May 2, 2022","We are excited to welcome WOO X, a centralized exchange specializing in deep liquidity, to Pyth Network. WOO X will be contributing its market data for cryptocurrencies to the network.","WOO X is a centralized exchange specializing in deep liquidity, made possible by its algorithmic aggregation techniques that integrate liquidity from top institutional and retail exchanges.","WOO X is powered by WOO Network, a leading institutional liquidity provider incubated by Kronos Research. Kronos Research is a leading market maker and high-frequency trading team with between $5 and 10 billion dollars per day in volume.","WOO Network closed a $30 million Series A fundraising round in November that included investments from Avalanche, BitTorrent, Crypto.com Capital, and Three Arrows Capital.","“WOO X is dedicated to building more robust DeFi ecosystems. Pyth Network’s technology and early adoption by leading institutions make it ideal for collaboration. We see Pyth as a way to contribute our market data, support DeFi ecosystems, and cultivate strong relationships with other top institutions in the crypto space,” said Jack Tan, CEO of WOO X.","We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about WOO X","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-woo-x"},"/blog/10-a-pithy-spring":{"version":1,"title":"Pythiad #10: A Pithy Spring - Blog - Pyth Network","description":"Pythiad Newsletter 10: Updates on Pyth Developments, End-Users, Publishers, Metrics, & the Pythian Community. Focus on reliable price feeds.","keywords":"","h1":["Pythiad #10: A Pithy Spring"],"h2":["Coming Up","Pyth Developments","Pyth Users","Pyth Publishers","Pyth Metrics","Pythian Community"],"h3":["Price Feeds Reliability","Which Products Are Ready for Mainnet?","Which Products Need Improvement?","New Price Feeds","Pyth Infrastructure Providers","Why is infrastructure paramount to Pyth success?","Who are the Pyth Infrastructure Providers?","Pyth x NeonEVM","Pyth x Wormhole x Terra","01","Drift","Friktion","Katana","Larix","Lifinity","Snowflake","Soda","Solend","Synthetify","Tsunami Finance","Solana Riptide Hackathon Submissions","Zeta Markets","New Publishers","xbullion","Profluent Trading","Total Value Secured","Trading Volume","Publishers","NPM & Rust Downloads","Miami HackerHouse","Bahamas HackerHouse x SALT Conference","Videos","Spaces & AMAs","Serum Surfers","Shoutouts"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythiad Newsletter 10: Updates on Pyth Developments, End-Users, Publishers, Metrics, & the Pythian Community. Focus on reliable price feeds.","Newsletter","May 3, 2022","Welcome to the 10th instalment of the Pythiad, the Pyth network newsletter!","To our followers: thank you for all your support and good vibes! And to our newcomers, we say welcome.","We are delighted to have you on board. As always, there’s much to discuss.","Pyth Developments","Pyth End-Users","Pyth Publishers","Pyth Metrics","Pythian Community","Oracles need to be highly reliable since inaccurate prices or service outages can cause financial losses for downstream users.","For example, a lending protocol that receives an inaccurate oracle price could incorrectly liquidate its users. As an oracle secures more value, the consequences of failure become more serious. Even small failure probabilities become unacceptable.","With this in mind, Pyth network’s contributing developers spend a significant amount of time on data feed reliability.","Pyth uses a Bayesian network to systematically assess the reliability of the products listed. This model allows us to answer two important questions:","We typically add new products to testnet and then move them into mainnet once enough publishers are quoting them. We now incorporate explicit availability and accuracy thresholds into this process: every new product must be offline < 1% of the time, and the probability of publishing an inaccurate aggregate must be < 0.001%. (In practice, achieving < 1% offline is the main challenge. The probability of an inaccurate price or confidence is typically orders of magnitude below 0.001%.)","One of our major efforts at the moment is to improve the reliability of all existing products in mainnet. This process requires us to recruit publishers who have prices for these products; recruiting publishers can be time-consuming. The model allows us to rank-order the existing products, and thereby focus our recruitment efforts where they are most impactful.","You can learn more from our blog post, Reliability Efforts at Pyth. We recommend you reach out to us with any questions, concerns, or suggestions on Twitter at @anihamde and @jayantkrish.","Most platforms cannot support a specific asset without an oracle price reference. Pyth network will not stand for such a world!","The network recently added:","ONE/USD (Crypto)","$ONE is the token behind the Harmony Protocol. Harmony is an Ethereum layer-2 that aims to make it easier for developers to design dApps.","Here’s a secret for our closest readers. If you want to figure out what the next supported feeds are, just take a look at our markets on testnet or devnet…","Our goal is to deliver the best HiFi financial data to the blockchain. Doing so requires not only high-quality publishers but also the best-in-class infrastructure to empower our network participants.","Performance: Publishers in the Pyth network need dedicated infrastructure to maintain a high-frequency update (on par with Solana speed). To generate ~10 million price updates daily (200k per asset), the Pyth network publishers initiate about 100 million Solana transactions every day.","Reliability & Decentralization: If Pyth publishers were to all rely on a single node provider, any defect originating from it would negatively impact the whole network and the applications that depend on it. A single defective infrastructure provider would affect the publishers relying on its services in today’s environment. However, all the others would still be able to operate and continue offering HiFi data to anyone. As of today, there are 55 publishers spread around seven infrastructure providers.","Blockdaemon","Coinbase Cloud","Everstake","Figment","P2P","Syndica","Triton One","Read our blog for more details.","Neon, the first cross-compatibility and scaling solution for Ethereum built on Solana, has launched its Alpha version on mainnet! We look forward to the first wave of EVM-native dApps leveraging Pyth data on Solana.","Developers planning to use the NeonEVM can already leverage Pyth data!","Our repo includes two different interface types to read Pyth HiFi prices.","The Pyth Native Interface provides access to all Pyth-specific features, including the confidence interval while the second interface is designed to be familiar to EVM developers and replicates the Chainlink Data Feeds API — excluding the historical API. The latter provides an instant solution for EVM dApps to retrieve data but disregards the confidence interval, a key Pyth metric.","Earlier this week (April 25th), the Chicago Terra Hacker House (“The Pit”) opened its doors to Lunatics developers for a whole month of building!","It is an honor to support this event alongside other crypto superpowers, including Jump Crypto, Terra, Galaxy Digital, Hashed, and Delphi Digital.","We look forward to seeing the innovations emerging from The Pit (including those leveraging Pyth’s feeds!). Take fate into your own hands and read the docs!","Pyth, Wormhole and Terra. What could this imply…?","Pyth data is natively available on Solana and is permissionlessly queryable (no paywall exists on the blockchain).","If you are using Pyth data, we will not know unless you tell us. If you want us to help you broadcast your project on our website, use this form.","As the NEAR/USD price feed was added to the Pyth network, 01, a decentralized derivatives exchange, quickly released its NEAR-PERP. From now on, anyone may take up to 20x leverage positions on a fast-growing alternative layer 1.","Another Solana leading derivatives platform, Drift, has also taken the opportunity to spin up new markets as the Pyth coverage expanded. In April, Drift added a DOGE-PERP, NEAR-PERP, and SRM-PERP, with more to come.","Friktion has now established itself as the leading DOV on Solana. In less than 4 months, Friktion Volts have gathered over $130M in TVL and generated over $1.3B in options volume.","Friktion uses the Inertia protocol to determine the settlement price of its European Cash-settled options. The Inertia protocol generates a 30-minute TWAP for settlement by collecting Pyth’s prices.","As of April, Friktion’s Entropy Markets expanded its offering with Perpetuals, Power Perpetuals, and Volatility Perpetuals. Regular and Power Perpetuals will leverage Pyth’s feeds to determine the index price and the according funding rate.","Another leading DOV on Solana introduced a specific strategy for sideways markets a few days before Friktion: Katana’s ‘crab strategy’ is built on the power perpetuals tech stack from 01.","The core of Lending Launchpad is an isolated pool, offering isolated asset pools for SPL native tokens. (Isolated pools are separate lending markets that support a set of assets that can be used as collateral for loans against each other. This is in contrast to having a single cross-collateral pool in which any asset can be borrowed against any other.) Up until now, Larix has only offered cross-collateral pools for supported mainstream assets.","The first isolated pool released was including the $FIDA, Bonfida, token and the second focused on aggregating all staked Solana derivatives under one roof ($mSOL, $stSOL, $scnSOL, $JSOL) and SOL.","Congratulations to the Lifinity team on their fundraising! In less than a day, their community committed almost $10M!","Lifinity is the first proactive market maker with concentrated liquidity on Solana. Its objective is to improve capital efficiency and returns provided to liquidity providers. To achieve its goal, Lifinity leverages the Pyth network price feeds to rebalance its pools and prevent arbitrageurs from extracting value from the LPs.","We invite you to check out Lifinity’s Litepaper, released a few days ahead of their raise.","Snowflake is the first automation platform on Solana offering both a smart contract scheduling infrastructure for developers and a composable Zapier-like dApp for DeFi users to compose all kinds of on-chain automation. Here is a Snowflake template that lets you set up an automation that triggers a swap when one or more price conditions (determined by Pyth p) are met.","Soda protocol, focused on creating permissionless financial identity and providing financial services including lending and leveraged trading for Web 3.0, now supports mSOL (staked SOL) on its platform.","The top Solana borrow-lending platform introduced many new isolated pools this month.","One of these pools was dedicated to C98 following the appearance of a Pyth price feed for the asset.","The leading Solana synthetics platform: Synthetify, released the 1st ever Gold (XAU) derivative on the Solana blockchain. Leveraging the Pyth price feeds, users may now get exposure to XAU thanks to Synthetify. As a reminder, synthetic, assets, and in this case, synthetic gold omits the issues occurring with physical gold: capacity limit, need for storage and transportation, and infeasibility of division","This is a rather original end-user (and we aim for many more to come shortly) as Tsunami Finance isn’t built upon Solana but rather atop Terra.","Tsunami Finance is a spot and perpetual futures exchange that aims to provide a 0% slippage trading experience to users. In opposition to Solana protocols leveraging CLOB technology, Tsunami will use a basket of assets to enable trading and leverage a price oracle to determine the exact market pricing. We are looking forward to supporting many more innovative applications regardless of the blockchain they are built upon.","After many weeks of building, submissions to the Solana Riptide Hackathon (with up to $5M in prizes) have closed. Over 400 projects were submitted, with 60 on the Pyth track!","We want to congratulate and thank all participants for their grit and support. We look forward to seeing how you’ll change the world!","The Pyth Track Grand Winner is Neptune, a lending and borrowing platform featuring elegant features such as variable & stable rate loans, collateral swapping, and self-repaying loans. We had the Neptune team on a Twitter Space earlier this week, so listen in to learn more.","Other eye-catching candidates:","Dual Finance aims to improve significantly existing DeFi DOVs by implementing streaming prices, rehypothecated collateral, and a novel staking offering.","Prophet is a gaming hub on Solana whose 1st game is already live on mainnet. Users can participate in the SOL/USD price prediction game, where each event lasts 5 minutes.","Incept Protocol is a synthetic asset protocol that offers an intuitive trading experience with supercharged liquidity. One Incept novelty allows liquidity providers to choose a single asset to back a concentrated position.","V-DEX is a synthetic protocol whose key components include a synthesizer, exchange, AMMs, governing system, liquidating system, inflation system, and oracle.","Zeta, the premier under-collateralized DeFi futures & options platform built on Solana, has, throughout April, generated over $125M in options settlement.","Thanks to their FLEX program, Zeta already supports and benefits from other options protocols looking to deploy quickly and easily on Solana. For example, Ribbon Finance, the leading DOV on Ethereum launched its SOL vault directly on Solana through the FLEX stack. As of right now, Ribbon SOL vaults gather about $5M worth of SOL.","With this in mind, we are excited to see the next Zeta ‘Composer’: Lift Markets.","Not a month goes by where Pyth does not attract more top-class data owners to the network. In April, Pyth welcomed two new publishers:","xbullion is a global network for the settlement of physical gold and silver bullion. It applies the benefits of blockchain to bring transparency, efficiency, and accessibility to users in order to access the largest bullion marketplaces in the world, and it does so without charging ongoing custody fees.","xbullion GOLD and xbullion SILV are tokenized precious metals on the blockchain. Each token is secured by 1 gram of physical gold or silver respectively and is directly owned by the token holder.","Profluent Trading is a global proprietary trading firm that leverages statistical and machine learning techniques to manage funds in the equities, futures, FX, and options markets around the world.","With a presence in Puerto Rico, Japan, Korea, and the UAE, Profluent covers all major trading hubs around the globe for 24/7 high-frequency trading.","One of the most important metrics is the Total Value Secured (TVS) by the Pyth’s price feeds. Price feeds are crucial for your operations, whether you are a borrow-lending protocol or a synthetics platform.","At the end of April 2022, Pyth feeds were securing about $2B!","Consider the amount of trading volume dependent on Pyth data. Each protocol has its Pyth integration: perpetual contracts using a CLOB or a vAMM use Pyth as their index reference to set the funding rate. Synthetics platforms use Pyth price feeds as the exchange rate basis for swaps in between synthetic assets. Finally, futures or options protocols (specifically DOVs) integrate Pyth feeds for their derivatives settlement.","In April, Pyth has enabled over $3.7B in volume to be traded.","Data is king, and the Pyth network stands committed to onboarding only high-quality data sources and establishing a natural bridge — without intermediaries — between these sources and the end-users.","The Pyth network currently has 56 publishers!","Pyth network is open-sourced, and its data is freely queryable.","You can check Pyth’s adoption rate by looking at NPM and Rust downloads.","NPM (“Node Package Manager”) is the default package manager for JavaScript’s runtime Node.js, which is needed whenever you want to integrate Pyth on your website frontend.","A (Rust) crate is a binary or library. The crate root is a source file that the Rust compiler starts from and makes up the root module of your crate. This enables you to call on-chain data and make your protocol works.","It was wonderful meeting so many inspired teams and developers at the Solana Miami HackerHouse. Whether you’re already leveraging Pyth data, seeking to learn about how Pyth can power what you’re building, or looking to take part in the next first-party financial oracle we’re here for you! And thank you for being there for us!","In partnership with Solana Foundation and Project Serum, Pyth co-led the Bahamas Solana Hacker House, held alongside the FTX and SALT Conference.","For one week (April 24–29th), ecosystem supporters mingled with some of the most influential crypto stakeholders (including Pyth’s contributors)! Many of you will remember our panels, including DeFi Building Blocks.","Meanwhile, at SALT, Pyth contributors were everywhere. For instance, the Crypto Market Making and the Maturation of Digital Assets Panel was solely comprised of Pyth publishers: FTX, Jump Crypto, Hudson River Trading, and Susquehanna.","We also had the chance to spot a wild (and rare) Pyth hat on Frank Chaparro, moderator of the Panel: Institutional Crypto Adoption — From FAAMG to Sovereign Wealth.","Following the wonderful video (in French) from Le Journal du Coin on the Pyth network and their continuous support, we are now able to present you the English version!","The video is available on our YouTube channel or directly at this link. We hope you enjoy it, and if you have other video ideas, let us know.","Following a busy March (10 Twitter Space shows!), we continued meeting up with wonderful teams building the future of finance.","Our first one was with the Friktion team during which we talked about DOVs and Entropy, the newly released perpetual platform.","The second space was held with Neptune: a borrow-lending protocol that won, among others, the $30K Solana Riptide Pyth prize.","Meanwhile, Mike Cahill, a Director of the Pyth Data Association, participated in an AMA organized by SolanaTW, a Taiwanese community-driven effort to spread Solana-related knowledge. SolanaTW gathers close to 10K members across Telegram and Medium. Find the complete AMA summary here.","Our friends at Serum released a hyped NFT collection this past month: Serum Surfers. In partnership with Burnt Finance NFT Launchpad, 5000 Serum Surfers were available. The Pyth network was lucky enough to be able to offer 5 guaranteed mints to Pythians. In order to pick worthy Pythians, we organized an art contest with the goal to represent the Pythia herself surfing the “Serum liquidity waves”.","Here are a couple of submissions we loved!","We’ve got abundant love here at the Pyth team and we cannot be more grateful to all of you. With this in mind, we wanted to give a proper shoutout to some avid supporters and artists:","Cyber Samurai Comic Book","A Pythian Surfer","Block by Block","An Intern Joke","An Intern Thread","A Pythian Thread","This is the end of Pythiad #10!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pythiad #1: The Journey so Far","Pythiad #2: Liberating First-Party Data","Pythiad #3: Pyth Laboured in September","Pythiad #4: Ignition at a glance","Pythiad #5: Last straight before 2022","Pythiad #6: 2021 in Review — 2022 in Sight","Pythiad #7: A First-Party Financial Oracle","Pythiad #8: Powering Up","Pythiad #9: Pyth On the March","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/10-a-pithy-spring"},"/blog/pyth-network-publisher-application-process":{"version":1,"title":"Pyth Network Data Provider Application Process - Blog - Pyth Network","description":"Pyth Network seeks new data providers to fuel rapid growth & maintain network quality. Join our expanding network & contribute to $2B+ in TVS.","keywords":"","h1":["Pyth Network Data Provider Application Process"],"h2":["A Decentralized, Self-Sustaining Network"],"h3":["Thank you for your support!","Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network seeks new data providers to fuel rapid growth & maintain network quality. Join our expanding network & contribute to $2B+ in TVS.","Data Providers","May 12, 2022","We are excited to launch our application process for becoming a Pyth Network data provider.","Powered by nearly 60 first-party data providers, and with over $2B in TVS, Pyth continues to grows rapidly. As the network expands, it is paramount that we retain the integrity and quality of the network, while successfully scaling the number of publishers.","But first things first, we would like to thank all of the early contributors to the network. Ever since the network launched in early 2021, publishers have consistently contributed their proprietary market data to the Pyth on-chain program. Their contributions have benefited the whole DeFi ecosystem and initiated a reckoning among traditional and new market participants with respect to their views toward equal access to financial data.","You can find all the current Pyth data providers on our website.","As mentioned, the Pyth Data Provider Application Process aims to help onboard the many interested prospective publishers to the network while retaining the Pyth Network quality standard.","This Application Process will not last forever. Rather, it will accompany the network until it is feature-complete and achieves its decentralization and self-sustainability goals.","As outlined in the whitepaper, next up for deployment include the network mechanisms of data staking, reward distribution, and governance. These deployments for the Pyth Network will be in an optimal position to provide an environment where price feeds are derived from first-party sources while being permissionless.","If you’d like to learn more about how the Pyth Network operates and the incentives in place enabling initially distrusting parties to come together and build a completely new and self-sustainable network, we recommend you to read our whitepaper and check out our walkthrough video.","Meet the Pyth Network's data providers","Apply to become a data provider","We look forward to further coordinating with excellent partners to establish a digital marketplace of institutional grade, high-fidelity financial data to power financial applications across every chain.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-publisher-application-process"},"/blog/new-pyth-data-provider-maven-securities":{"version":1,"title":"New Pyth Data Provider: Maven Securities - Blog - Pyth Network","description":"Maven Securities joins the Pyth Network, providing real-time digital asset pricing and bolstering network data reliability. \n","keywords":"","h1":["New Pyth Data Provider: Maven Securities"],"h2":["Who is Maven?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Maven Securities joins the Pyth Network, providing real-time digital asset pricing and bolstering network data reliability.","Data Providers","May 16, 2022","We are delighted to welcome Maven Securities, a leading market maker and proprietary trading firm, to the Pyth Network. Maven will be publishing real-time prices for digital assets to the network and work towards establishing increasingly reliable and stable data.","Maven Securities was founded in 2011 and now employs over 250 people worldwide from New York, London, Amsterdam, to Sydney and Hong Kong.","Maven holds memberships on a number of global exchanges including Eurex, Euronext Amsterdam, Euronext Paris, The Intercontinental Exchange, The Chicago Mercantile Exchange, Borsa Italiana, Singapore Exchange Membership, The Stock Exchange of Hong Kong, and Hong Kong Futures Exchange.","Maven implements both fundamental and quantitative trading strategies derived from its multi-strategy hedge fund & provides liquidity across global financial markets, from its various synergistic business units.","Maven channels the advances in computer learning, processing power, and network capacity into streamlining and improving all aspects of the trading operation.","“Maven is excited to be joining Pyth and the contribution it will bring to build a scalable, robust price oracle to financial markets and blockchain ecosystems,” said Cagdas Yalcin, Head of Digital Assets at Maven.","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Maven Securities","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-maven-securities"},"/blog/new-pyth-data-provider-mazel":{"version":1,"title":"New Pyth Data Provider: M@zel - Blog - Pyth Network","description":"Eisler Capital’s M@zel fund joins the Pyth Network, offering unique crypto market data for enhanced on-chain insights.","keywords":"","h1":["New Pyth Data Provider: M@zel"],"h2":["Who is M@zel?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Eisler Capital’s M@zel fund joins the Pyth Network, offering unique crypto market data for enhanced on-chain insights.","Data Providers","May 27, 2022","We are proud to announce that M@zel, a fund backed by Eisler Capital, has committed to joining the Pyth Network. M@zel will initially contribute its proprietary market data for digital assets to the network, bringing its unique first-party prices — derived from its multi-strategy trading business — on-chain.","M@zel, one of the many funds backed and operated by Eisler Capital, is specifically focused on crypto assets.","Eisler Capital is an investment management firm seeking to provide attractive risk-adjusted returns with low levels of correlation to risk assets.","The firm leverages proprietary technology systems, advanced trade screening processes, and a disciplined risk management framework to express its views. It also uses fixed income, foreign exchange, equity, credit, and commodity instruments as its related derivatives.","A spokesperson for Eisler noted that “M@zel recognizes the importance of high quality, low-cost market data in order to enable a more efficient trading ecosystem. As such, M@zel looks forward to working with Pyth to bring low-latency market data to the crypto industry.”","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Eisler Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-mazel"},"/blog/new-pyth-data-provider-kucoin":{"version":1,"title":"New Pyth Data Provider: KuCoin - Blog - Pyth Network","description":"KuCoin, a leading crypto exchange, joins the Pyth Network, providing on-chain price data for enhanced transparency and insights.","keywords":"","h1":["New Pyth Data Provider: KuCoin"],"h2":["Who is KuCoin?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","KuCoin, a leading crypto exchange, joins the Pyth Network, providing on-chain price data for enhanced transparency and insights.","Data Providers","May 30, 2022","Welcome KuCoin, a leading global cryptocurrency exchange, to the Pyth Network. With this partnership, KuCoin will contribute price data directly from its platform on-chain.","Launched in September 2017, KuCoin is a global cryptocurrency exchange.","KuCoin offers over 700 digital assets and provides spot trading, margin trading, peer-to-peer fiat trading, futures trading, staking, and lending services to its 18 million users in 207 countries and regions.","In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million at a total valuation of $10 billion.","\"Bringing real-world data on-chain is one of the core infrastructural tenants of DeFi,\" said KuCoin CEO Johnny Lyu. \"We look forward to building a more transparent on-chain data marketplace in the blockchain industry through Pyth network as a key partner, which will help to create a new DeFi world that is more collaborative and open and accelerates crypto to mass adoption.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about KuCoin","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-kucoin"},"/blog/pyth-launches-price-oracles-on-bnb-chain-and-bas-testnet":{"version":1,"title":"Pyth Launches Price Oracles on BNB Chain and BAS (Testnet) - Blog - Pyth Network","description":"Pyth Network launched on BNB Chain Testnet & BAS Testnet, enabling high-fidelity financial data streaming via Wormhole. Empowering developers.","keywords":"","h1":["Pyth Launches Price Oracles on BNB Chain and BAS (Testnet)"],"h2":[],"h3":["Build and Build (BNB) Chain","BNB Application Sidechains (BAS)?","What is Pyth?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launched on BNB Chain Testnet & BAS Testnet, enabling high-fidelity financial data streaming via Wormhole. Empowering developers.","Blockchains","May 31, 2022","We are delighted to announce the Pyth Network’s deployment on the BNB Chain (Testnet) and our integration into the BNB Application Sidechains (BAS) Testnet. BNB Chain users and applications can now leverage Pyth’s first-party financial data.","Thanks to Wormhole, Pyth is able to stream high-fidelity financial data to BNB Chain. This deployment is a major step in Pyth’s mission to empower developers across all ecosystems, whether they are building on- or off-chain.","We are proud to join the BNB ecosystem at a crucial stage in its development towards mass adoption. We look forward to supporting BNB Chain’s developers in their quest to build the future of finance.","“Pyth has quickly established a strong reputation for its high-quality, uncompromising data that developers and dApps rely on to fuel visionary projects,” said Patrick Degenhardt, Vice President at BNB Chain Labs. “We are thrilled to partner with the Pyth Network as we continue to build the infrastructure underpinning Web3.”","“We are pleased to serve as the launch partner to Pyth on BNB Chain, which represents an exciting development for the dApp community,” said Brad Harrison, CEO of Venus. “Access to time-sensitive, real-world data is critical, especially in times of volatility, and Pyth’s game-changing precision and reliability will usher in a new era of innovation for the BNB community.”","Join us and the greater BNB community at the BNB Chain Revelation Summit (May 31, 10 AM UTC) for a discussion on the BNB Chain Vision and Roadmap, plus many other exciting topics!","We will also be hosting an AMA on Pyth and BNB Chain on our YouTube channel and Twitch Channel on June 1st at 2 PM UTC, so be sure to tune in to catch all of Pyth and BNB Chain’s latest news.","BNB Chain is one of the most popular blockchains in the world with peaks of over 2 million daily active users and more than $10B in total value locked across its various applications. Since its inception, the network processed about 2.5 billion transactions from 130 million active addresses.","BNB Chain (formerly known as Binance Smart Chain — BSC) is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. BNB has a market capitalization of $64 Billion. BNB Chain consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem. For more information on BNB Chain visit https://www.bnbchain.world.","The BNB Application Sidechains (BAS) is a framework that enables developers to easily create sidechains (AKA subnets) that are dedicated to applications in the BNB Chain ecosystem. Developers can deploy these sidechains in a matter of hours with custom parameters (e.g. number of validators) and technology (e.g. zk proofs) that meet their application requirements. This approach gives developers and users the flexibility to optimize for throughput or decentralization.","If you are interested in deploying your own blockchain, check out the BNB Chain Documentation.","Pyth is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment. The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data on-chain and makes it available for free to either on- or off-chain applications. Pyth data end-users will have the option of paying data fees to hedge against potential oracle failure. This data fee model is part of Pyth’s incentive mechanism design which aims to attract more publishers to the network and, in turn, enhance network robustness.","More details are available on our website, whitepaper, docs, and wiki.","“Pyth’s integration with BNB Chain is a significant milestone in our mission to empower developers across all ecosystems with hi-fidelity data,” said Mike Cahill, Director of the Pyth Data Association. “With its energy efficiency and ultra-low-cost, instantaneous transactions, it is no surprise that BNB Chain has become one of the most popular blockchains in the world. We are proud to join the BNB ecosystem and look forward to supporting developers as they build the future of finance.”","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Binance Sidechains","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-bnb-chain-and-bas-testnet"},"/blog/new-pyth-data-provider-qcp-capital":{"version":1,"title":"New Pyth Data Provider: QCP Capital - Blog - Pyth Network","description":"Pyth Network welcomes QCP Capital, a leading crypto trading firm, providing vital live market data to fuel network growth and innovation.","keywords":"","h1":["New Pyth Data Provider: QCP Capital"],"h2":["Who is QCP?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes QCP Capital, a leading crypto trading firm, providing vital live market data to fuel network growth and innovation.","Data Providers","Jun 3, 2022","We are thrilled to welcome QCP Capital, a full-suite crypto asset trading firm, to the Pyth Network. QCP will initially contribute its proprietary live market data for digital assets and may later expand to options-related data as the network scales.","Founded in 2017, QCP Capital is a full-suite crypto trading firm that bridges institutional and crypto ecosystems. It provides 24/7 trading services to both high net-worth individuals and institutional clients and is one of the largest derivative market makers globally.","Pioneers in crypto options and derivatives, the firm currently runs a $2 billion global book. QCP Capital is also a specialist in Asian local markets, particularly Southeast Asia, where the firm has a 60-strong team strategically based in Singapore.","In 2021, QCP was involved (with B2C2) in the first-ever crypto-related transaction of a non-deliverable forward (DNF) — a type of financial contract that is common in foreign-exchange markets.","\"As the world of personal finance and investments rapidly moves into DeFi, oracles are a fundamental building block that the space will lean on to scale and evolve,\" said Darius Sit, CIO of QCP Capital. \"The ecosystem must get this right. We’ve witnessed firsthand how critical oracles are to DeFi innovations in money markets and options. Pyth is an effective and reliable institutional solution that is required to build trust for DeFi protocols. We will do our best to support the network.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about QCP Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-qcp-capital"},"/blog/pyth-may-update":{"version":1,"title":"Pyth Monthly Update | May 2022 - Blog - Pyth Network","description":"Pyth expands with cross-chain integration, new publishers, & exciting data feeds. Celebrating milestones & building for a brighter future.","keywords":"","h1":["Pyth Monthly Update | May 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands with cross-chain integration, new publishers, & exciting data feeds. Celebrating milestones & building for a brighter future.","Updates","Jun 1, 2022","“All things seem possible in May” – Edwin Way Teale","Pyth makes what is potential into the actual. This month, Pyth goes cross-chain to BNB Chain, onboards new powerhouse data publishers, invites increasingly exotic and exciting consumers, lists hot price feeds, takes on greater thespian engagements, and we reflect on our mountain of surpassed milestones from last April.","We hope our readers are safe and well despite recent events. Pyth’s contributors will continue building out the remaining features of the whitepaper and engaging the community to provide the best data to those who need it. See you all in Consensus!","Pyth network deploys on BNB Chain, integrates into Binance Smart Chain Application Sidechain (BAS)","BNB Chain users and apps can now leverage Pyth data!","Kucoin: the global cryptocurrency exchange joins the Pyth network","WOO X: the centralized exchange specializing in deep liquidity joins Pyth","M@zel: the fund backed by Eisler Capital joins Pyth","Maven Securities: the fundamental and quant trading firm joins Pyth","Hedge Labs joins the Pyth ecosystem","Exotic (Options DOV) joins the Pyth ecosystem","Lift (Options DOV) joins the Pyth ecosystem","Want to become a publisher? The application is now live.","Pyth launches $GMT feed!","Pyth launches $APE feed!","Prepare for the $ATLAS feed","TradingView Charts of Pyth data thanks to Bonfida! Public repo here.","Sypool on mainnet! ETFs on Solana, powered by Pyth!","Everlend on mainnet! Borrow-lending powered by Pyth","Drift lists $FTM-perps","Pyth x Openhaus Live Workshop in Singapore!","Pyth Network Explainer Video Premier","Rosenblatt’s 14th FinTech Summit: Bridging the Divide Between TradFi and DeFi","Kicked off with our new Weekly Discord Townhalls","How far has Pyth come since day one? $2B TVS, >$20B Trading Volume Supported, 300K+ Client Downloads, 59 Publishers, 55+ Data Users, 70+ Products, 15 International Communities","Many of your favorite protocols leverage Pyth! Want to see who’s #PoweredByPyth? Check out Recap 1 and Recap 2","Pyth Alligators make a splash! Whitelisting followed by public mint are now concluded. (Thank you everyone for their patience throughout the choppy waters)","Want to get in the nitty gritty with Pyth? The DeFiLlama Wiki Pyth page is a great resource!","Pyth joins Feydakin, the clandestine trading community","Twitter Spaces: Neptune (Riptide Pyth Track Winner!), Mango Markets, MarginFi and Cypher (No Fear, Leverage is Here), Jet Protocol","Catch the Cahill on Business Insider discussing market data as a “big business”, how Pyth unlocks that data and staking incentives!","Catch the Kanav on FTX Crypto Bahamas Podcast with Tristan Yver discussing Pyth’s innovations","Friktion surpasses >$2B in options traded! Powered by Pyth!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-may-update"},"/blog/new-pyth-data-provider-mexc":{"version":1,"title":"New Pyth Data Provider: MEXC - Blog - Pyth Network","description":"Pyth Network welcomes MEXC, a top crypto exchange, to enhance data reliability with digital asset pricing for users worldwide.","keywords":"","h1":["New Pyth Data Provider: MEXC"],"h2":["Who is MEXC?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes MEXC, a top crypto exchange, to enhance data reliability with digital asset pricing for users worldwide.","Data Providers","Jun 6, 2022","We are pleased to welcome MEXC, a leading global cryptocurrency exchange, to the Pyth Network where it will contribute its digital assets prices and work towards establishing increasingly reliable and stable data.","Founded in 2018, MEXC Global is known as the exchange of high-performance and mega transaction matching technology.","Currently, MEXC Global caters to 6 million+ users in more than 70 countries around the world. This magnificent achievement is a significant milestone, and MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.","MEXC Global is present across continents obtaining key licenses and passing jurisdictions in countries like Australia, Estonia, and the United States. MEXC Global also offers localized language support for investors from different countries making it easier for them to trade.","The exchange at MEXC Global is a high-performance trading engine that has been developed by experts from the banking industry and is capable of completing 1.4 million transactions per second, which results in groundbreaking efficiency and enhanced performance.","\"Pyth Network represents an industry-leading standard for reliable, decentralized price data,\" said Antonio Wu, CMO of MEXC Global. \"By working with Pyth, we will contribute regular and live market data, and are able to provide our users with stronger assurances that the exchange rates in our markets are best-in-class. As the DeFi community is quickly growing, we will continue to work closely with Pyth Network to bring our user experience to the next level.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about MEXC","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-mexc"},"/blog/pythiad-goosefx-is-good-for-the-gander":{"version":1,"title":"GooseFX is Good for the Gander | Interview - Blog - Pyth Network","description":"GooseFX: A comprehensive DeFi platform offering crypto, NFTs, liquidity pools & staking. Explore seamless DeFi solutions with this innovative team.","keywords":"","h1":["GooseFX is Good for the Gander | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is GooseFX? How does GooseFX leverage Pyth?","Who is GooseFX? How did your team come together to start building everything Goose?","It’s not common to see a DeFi platform span crypto, derivatives, and NFTs in coverage. What is it about NFTs that interests your team? Can you tell us more about your NFT launchpad?","Tell us more about the NFT appraisal engine. What are some of the collections people will be able to value through Goose?","You’re working with Civic Technologies for a gatekeeper implementation. Is this a KYC layer?","Let’s talk about single-sided liquidity and the new AMM curve you designed. (Something you’re working with the Jupiter team on too!)","What’s in a name? Where does the name GooseFX come from?","Any last words for your community and for the readers?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","GooseFX: A comprehensive DeFi platform offering crypto, NFTs, liquidity pools & staking. Explore seamless DeFi solutions with this innovative team.","Interviews","Jun 21, 2022","We’re joined today by GooseFX, a full suite DeFi platform — covering crypto, derivatives, single-sided liquidity pools, and NFTs — and proud member of the #PoweredByPyth gaggle.","GooseFX offers a one-stop DeFi exchange for crypto, NFTs, liquidity pools and staking. “Kick back and enjoy DeFi as it should be.”","We’re joined by the Goose team today to gather insight into who they are, what drives their ambitious journey across so many asset classes, and what this means for the flock — for goslings like you and me.","GooseFX is a full suite DeFi/NFT protocol built on Solana!","We’re a one stop shop trading your crypto, perps, NFTs, and also for single asset liquidity.","GooseFX leverages Pyth oracles throughout a majority of our platform, namely in our CLMM and price feeds! We’ve built an on-chain proactive market maker that is tied into our AMM/SSL pools which utilizes Pyth price feeds to give the best real-time quotes.","At GooseFX, we have a motto: chew diamonds, not glass. We are a group of hyper chads that built products that other chads like to use. Most of the team has been through several crypto cycles and their journey went from BTC, ETH/Solidity, to Solana. We have a team of about 15 full-time people with a majority of us being engineers plus a few quants.","We get asked this question a lot. “Why choose to do so much?”","The simple answer is we are just that ambitious. We’ve seen too many founders/projects build an app, open source, and then move on — providing a subpar product sometimes. By covering every aspect of DeFi and NFTs, we are able to keep progressing and building without the need of moving on to find other work to accomplish.","Another reason we chose this route is for a better UX. It’s difficult for users who are new to crypto to hop between several protocols to do their trading, derivatives, NFTs, farming etc. while managing multiple wallets.","\"If you approach any random person on the street and tell them that they need to visit multiple websites, make multiple accounts, and track usage between all the platforms in order ‘to make it’ in crypto, they’d probably find it easier to rob you in person instead. We remove the headache by facilitating multiple aspects of DeFi in an all-in-one platform.\"","Why NFTs? Well, they’re the best way to adopt new users to the crypto and Web3 ecosystem. We are particularly interested in NFT derivative products i.e. how can we extract more value from your JPEGs. Our launchpad is a user onboarding platform for creators to use our NFT exchange. We have the following features in our launchpad:","Anti-botting measures with Solana/Metaplex/Civic for fairer launches to users","Raise funds in SOL or USDC","Optional vesting: Creators can choose to lock up a portion of funds raised in a vesting contract to signal more trust to the community","For the past six months, we have been building what we believe to be one of the world’s most accurate appraisal engines for non-fungible tokens (NFTs).","A beta version of our real-time NFT appraisal engine is live right now for you to try out and build products around!","For example, if you want to appraise an SMB, you can do so here.","The following four NFT collections are given appraisals by the beta version of the NFT valuation model: Solana Monkey Business, Thugbirdz, Degen Ape Academy and Pesky Penguins.","The Appraisal Engine currently supports two distinct call inputs: GFX Rarity Appraisal — taking into account attributes and rarity of a specified NFT GFX Collection Appraisal — a new appraisal value applying to any generic NFT in a collection","We’re continuously adding more collections to our model as we scrape data and building out a user friendly front-end for simplicity in the future.","Yes, we are working with the rockstar devs at Civic to implement anti-botting measures to help boost the industry standard. Civic already has a simple API call through Metaplex / Candymachine to implement Captcha, and they are working with facial recognition which we will implement soon as an optionality for NFT mints.","The facial scan feature is encrypted and destroyed after verifying you are human through geometric points on your face. It is not tied to your name, address, etc. so not KYC’d.","As mentioned, it will be optional: for example, if you wish to be first in queue for a mint, you could do the facial scan to get access before captcha, etc. The majority of smartphone users already have some sort of biometric access installed, whether it is touch ID or facial recognition through iPhones, so we don’t believe this will be too intrusive, especially since it isn’t used or stored anywhere after the mint.","We introduced GooseFX SSL v1, a new design of AMM and single sided liquidity pools which","Enables simple single-sided liquidity provision","Enhances liquidity concentration and reduces slippage","Protects LPs against impermanent loss","There are three key ingredients in our design. First, we dynamically adjust pool weights based on liquidity contribution. Secondly, we construct a curve that concentrates most of the liquidity around the current oracle price. Lastly, we do not allow traders to trade more favorably than the current oracle price.","Goose is just a nickname of one of the core team members. The FX stands for financial exchange, so Goose Financial Exchange. Internally, we like to use the acronym GFX.","We plan to launch all of our features this summer to build out a complete DeFi suite which includes our AMM, Perps, NFT exchange and launchpad, and SSL pools/staking. We have some exciting collaborations coming up as well with a few strong projects! Stay tuned…","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-goosefx-is-good-for-the-gander"},"/blog/interview-katana":{"version":1,"title":"Stay Sharp with Katana Yield Strategies | Interview - Blog - Pyth Network","description":"Katana simplifies yield generation for individuals & institutions via automated vault strategies. Streamlined risk management and sustainable returns.","keywords":"","h1":["Stay Sharp with Katana Yield Strategies | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is Katana?","What’s the founding story behind Katana?","How do your vaults work and who are they for? Are there special vaults that we should look forward to soon?","What is the Katana Dojo?","You recently announced the launch of Katana Treasury–a full-stack solution for DAOs: yield generation, risk management, and analytics. Why DAOs, and what does this mean for DAOs going forward?","Any last words for your Samurai and the community?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Katana simplifies yield generation for individuals & institutions via automated vault strategies. Streamlined risk management and sustainable returns.","Interviews","Jul 1, 2022","Katana is here to cut through the legacy complexities of yield generation for individuals, institutions, and DAOs. Managing risk has never been easier and more sustainable!","Katana offers a suite of automated vault strategies (think structured products) for sustainable yield-generating opportunities. Pyth assists Katana in price settlement at the end of its vaults’ auction periods: more specifically, Katana’s DOVs are built on the Zeta Markets FLEX stack, which incorporates Pyth’s price feeds to automatically settle options contracts.","We’re proud to support a fellow disrupter in pushing the frontiers of DeFi. Democratized access to automated strategies? Permissionless building on a base yield layer open to all? That’s what it means to be #PoweredByPyth.","Katana is building the yield generation layer for DeFi. This means offering a comprehensive suite of yield products across the spectrum of risk, enabling users to access the best risk-adjusted yields in DeFi from a single platform.","Currently, we offer automated covered calls and cash-secured puts on over 11 unique crypto assets, and we’ve traded over $500 million in option volume through the Katana platform! We aim to expand our strategy suite as new opportunities present themselves and offer the most competitive execution coupled with the single best user experience for our community.","Katana is built by a team of seasoned DeFi builders and fellow degens. We have been active users of DeFi since its earliest days and were particularly early builders in the Solana ecosystem.","Katana was founded just six days before the Ignition Hackathon deadline, where we decided to enroll with a subset of a previous idea we had built in an earlier hackathon. In those six days, we built a fully functional structured products protocol and frontend from scratch and managed to squeeze into the Ignition submission deadline by just a couple minutes! We were fortunate to have won the Grand Prize and used that as a positive external signal to continue building out Katana full time and growing our community in parallel.","Katana vaults are simply pools of capital that then execute a specified automated strategy.","The pools are separated by strategy and asset, enabling a user to select which combination they would like to access. The covered call and cash-secured put vaults both operate on a weekly round structure, where assets are locked for the entirety of the week in order to mint the option tokens which are then sold to market makers. Users can initiate a deposit or withdrawal at any time, and the funds will simply be queued and processed at the end of the cycle.","There is a lot more to look forward to in terms of future vaults! The Katana team is eyeing interesting opportunities wherever possible and are keen to identify and package the best risk-adjusted yield strategies for our users.","The Katana Dojo is the single best repository to sharpen your skills and wield Katana with success.","The dojo covers key protocol topics and teaches users about each foundational pillar from scratch. User education is critical to understand and use Katana optimally, and we are committed to establishing ourselves as the leading protocol on this front. The dojo is an evolving resource, and if anyone has any additional recommendations, please feel free to shoot them our way!","Katana Treasury is designed specifically for the DAO and encompasses all the core features of optimal treasury management.","For DAOs, the implications of adopting Katana Treasury include a more transparent, risk aware, and productive DAO treasury. DAOs have grown to enormous sizes in recent years, yet the sophistication of treasury management still remains relatively primitive. Most DAOs sit idly on their funds, failing to turn their funds into productive capital. Additionally, these DAOs are also relatively opaque with their fund management and are very exposed to downside risk which is far from ideal when being the sole resource for ongoing operation.","Having identified these clear issues early, we believe that Katana Treasury can usher in a new paradigm of DAO treasury management. This will enable DAO leaders to better manage their funds and their community members will simultaneously hold DAO leaders to a higher standard, benefitting all stakeholders together.","Katana only exists to serve the Samurai. As such, we value the Samurai as a close-knit family that not only uses but actively engages with protocol ideas, updates, and feedback. It is a passionate, lighthearted, and intellectually rigorous community that exists to see the success of Katana and help it realize its mission to become the yield generation layer for DeFi together.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-katana"},"/blog/interview-neptune":{"version":1,"title":"Neptune is Watching the Money Market Tides | Interview - Blog - Pyth Network","description":"Neptune’s innovative solutions tackle volatile markets. The team’s focused on money markets, token utility & governance—a new approach to DeFi.","keywords":"","h1":["Neptune is Watching the Money Market Tides | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is Neptune?","Who is Neptune? How did your team come together and decide to partake in Solana Riptide?","You say that you’re a “permissionless digital bank”. Can you give us more insight into what this means?","Users can try out your devnet right now! What are some of the features on this dashboard they can start playing with?","You have very nuanced views on governance and the past practices of the Solana DeFi ecosystem. What is Neptune doing differently on the governance front?","Markets are not the same as they used to be. Sentiment has changed. How has this affected your fans? Do you foresee any specific behavior from your future users, given the recent change in macro?","You’re trailblazing in the DeFi space. Any new industry trends you’re looking forward to?","Do you have any final words for your community and the readers?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Neptune’s innovative solutions tackle volatile markets. The team’s focused on money markets, token utility & governance—a new approach to DeFi.","Interviews","Jun 13, 2022","Neptune — God of the Sea. The tides have been turning. How can one weather these stormy markets?","Neptune — the winners of the Pyth prize track of the Solana Riptide Hackathon — offers one answer. Innovative approaches to money market services, token utility, liquidity mining practices, and governance: “Forget the Curve wars, here come the Neptune wars!”","Today, we’re setting out to sea with the Neptune team. There’s new frontiers to explore, and we have powerful data, confidence intervals, and a bag of favorable wind to guide us.","Neptune is more than a borrow lending protocol: a self-described permissionless digital bank, and #PoweredByPyth, Neptune seeks to outperform across all dimensions of on-chain money markets as we know them today and the way we do governance, community, and banking.","Neptune was born from the idea of developing a DeFi platform with features that we, as avid DeFi users, wanted on Solana. The goal? Creating a simple and intuitive interface that anyone can understand while having advanced features that satisfy even the most sophisticated DeFi users.","At its core, Neptune is a lending and borrowing protocol, and we see it as much more than that. To make it easier to understand what Neptune is and what it can do, you can think of Neptune as a ‘permissionless digital bank’.","We’re a diverse group of people that came together through many different avenues, from people that know each other in real life to individuals that connected through Telegram or Discord!","We started learning and growing together, and over time, we became quite sophisticated and started developing projects for others, be it NFT projects, smart contracts, etc.","At some point, being heavy users in DeFi, we realized that there wasn’t a mature ecosystem for lending and borrowing and financial products on Solana. So we decided to build a protocol that fulfilled what we envisioned a DeFi platform should be, and with this goal, we decided to compete in the Solana Riptide Hackathon.","We’ve often-heard the phrase “banking the unbanked” in crypto, but we’re taking that saying very seriously.","This is at the core of why we are building Neptune: a permissionless, secure and accessible platform for anyone to use. Bear market or bull market, it doesn’t matter to us — that’s not what we’re here for. We understand some people are here for that, and that’s okay, but we’re here for the long term and the bigger picture, hoping to make a positive impact on people’s lives.","We are focusing on making Neptune as accessible as possible by having familiar services like checking and savings accounts, along with a simple and intuitive onboarding process. These are simple ideas that can go a long way in making the user experience as smooth as possible.","One example of having an innovative feature that is easy to use is our collateral swaps. For those unfamiliar with how the process typically works: let’s say you have some collateral, say Bitcoin, and you have taken out some loans against that Bitcoin. If for whatever reason you decided that you no longer wanted to have your collateral in Bitcoin but Ethereum instead, you’d normally have to close out all of your loan positions by repaying all of your loans, withdraw your Bitcoin from the lending and borrowing protocol, go to an AMM, swap your Bitcoin into Ethereum, go back to your lending and borrowing protocol, deposit your Ethereum and reopen all of your loans again.","As you can see, this is a long and tedious process. Neptune will be able to accomplish all of that for a user with the click of a button. The process goes from a tedious multi-step process to a simple one-click operation.","This is the type of user experience that we want on Neptune. It’s one of those things that is so obvious once you use it, but right now, no one is doing this.","We’ll also have other features like stable-rate loans, fixed-rate loans, and self-repaying loans — there’s so much that we’re doing that we can say is new and innovative but we’re always trying to keep things as simple as possible, and that, to us, is what being next-generation is all about.","Yes, there is a demo available right now — it’s essentially what we created for the Riptide Hackathon.","It’s because of the feedback that we’ve received after creating this demo that we’re refreshing our UI to make it even more accessible. Here’s a sneak peek of what we’re doing now!","You can take the current nep.so for a test drive, airdrop yourself some tokens, and get a first experience on Neptune. This upcoming refresh will change and tweak our UI to make it even more intuitive, so look for that coming soon!","Well, to start we didn’t want to have “just a governance token” because, for the most part, governance tokens are not worth much. We understand that the veGovernance model is the best system that we have in the space, however, we believe we’re improving on it by creating a more modern governance system.","Starting with our timelock system, where voting power is determined via the amount of staked tokens, and the timelocked duration of these tokens, a longer timelock duration will have more voting power.","This is a powerful feature that can help even out the playing field for smaller players because someone with a smaller amount of tokens can have more voting power by locking their tokens for a longer period, thus helping reduce manipulations from bigger players on shorter time frames.","On top of that, we’re also introducing Vote Power Delegation to Solana. This is an option where users can delegate their voting power to other users. This is important because some token holders may not want to be so active in the day-to-day governance of the protocol, so they’ll still receive staking rewards but they just won’t vote on governance proposals.","This also opens up the door for composability with protocols that are built on top of Neptune, allowing these other protocols to offer incentives for Neptune users to delegate their voting power to them. As you mentioned earlier: Here come the Neptune wars!","Yes, markets took a big turn, and we think that it’ll take a little while to recover, so naturally, people are more risk adverse right now. But that’s exactly why we think a project like Neptune is needed.","We’re not going to make outrageous promises of 40% yield on your stablecoin: we’re focusing on secure, sustainable and realizable returns. We think a project that can deliver this type of service is what the crypto community will seek out in the near future.","We completely agree that this DeFi and TradFi gap is an compelling trend in which we want to participate.","As more and more people learn about crypto, taking the next step into DeFi can be big a leap. We want to be there for people in crypto, making it easier for them to have access to DeFi (and maybe they won’t even know it). We’re excited to have a partner like Pyth that has a similar vision to ours, and navigating the space together.","We’re getting ready for our Lockdrop, so that is coming very soon!","This is big for us, and it’s also a first for the Solana ecosystem! We take security very seriously, so we’re deep in testing and getting security audited as we speak, which can take some time, but we want to do our absolute best in terms of security to ensure a smooth launch.","Lastly, we value our community and we love to interact with them, so if you want to take part in this adventure to Neptune, please don’t hesitate to join our Discord or follow us on Twitter, and let’s build something great together.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-neptune"},"/blog/new-pyth-data-provider-argamon-markets":{"version":1,"title":"New Pyth Data Provider: Argamon Markets - Blog - Pyth Network","description":"Argamon Markets joins Pyth Network, offering market data for forex, commodities, and crypto to fuel DeFi growth and expanded asset support.","keywords":"","h1":["New Pyth Data Provider: Argamon Markets"],"h2":["Who is Argamon Markets?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Argamon Markets joins Pyth Network, offering market data for forex, commodities, and crypto to fuel DeFi growth and expanded asset support.","Data Providers","Jun 22, 2022","We are proud to announce that Argamon Markets, a cutting-edge financial services provider, has committed to joining the Pyth Network. Argamon Markets will initially contribute its proprietary market data for forex, commodities, and crypto, with plans to scale into other assets, as DeFi and project demand scales.","Argamon is a multi-asset proprietary trading firm dedicated to market making, optimizing financial market liquidity, and managing Prime Broker relationships","Argamon Markets was founded in 2020 and is headquartered in Sydney, Australia","\"We anticipate that the Pyth network will revolutionize the way pricing market data is used on blockchain, and we are extremely excited to be joining this innovative network,\" said Elan Bension, Board Director and Co-Founder of Argamon Markets along with Jeremy Kinstlinger. \"We believe the Pyth network will soon become an integral part of our evolving industry, paving the way for more efficient data pricing services.\"","\"The Pyth Network is creating a next-generation oracle solution of high quality that will be second to none,\" said Jeremy Kinstlinger. \"We believe Argamon Markets can make a significant contribution to the network through our consistent, accurate and efficient pricing market data services.\"","\"The Pyth network, which enables on-chain protocols access to off-chain data, is at its core a bridge,\" said Stephen Kaminsky, Jump Crypto Special Projects, one of the lead firms helping to support the Pyth Network. \"So to see such a strong player in traditional financial markets like Argamon join the network by contributing their top-tier data is just another example of how Pyth continues to scale and serve as a core piece of infrastructure for the growth of crypto and DeFi.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Argamon Markets","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-argamon-markets"},"/blog/interview-cypher":{"version":1,"title":"Cypher on Mainnet | Interview - Blog - Pyth Network","description":"Pyth unlocks top data for DeFi: equities, commodities, FX, & crypto. Cypher’s mainnet launch offers dated futures trading on Solana.","keywords":"","h1":["Cypher on Mainnet | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","Who is Cypher?","How Cypher Uses Pyth Price Feeds","Cypher is on mainnet","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth unlocks top data for DeFi: equities, commodities, FX, & crypto. Cypher’s mainnet launch offers dated futures trading on Solana.","Interviews","Jun 27, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week’s all-star team: Cypher","Cypher recently announced their mainnet launch. You can now trade dated futures and indices on Solana. Get unparalleled market access and trade the untradeable! Let’s take a dive and spit some hot bars…","Cypher is a decentralized derivatives infrastructure standard built on Solana.","Cypher enables users to trade, borrow/lend, and cross-margin from a single interface. Initially, you can trade dated futures on the SOL/ETH pair, the BTC/ETH pair, and our Solana DeFi index, the SOL&P.","Cypher uses the Pyth oracle network to track the underlying for each market!","The oracle is responsible for pulling data, depending on the particular market and the lifecycle of the market. While a market is open for trading, an oracle is utilized to ensure there is sufficient capital in the system for collateral.","Dated futures expire to the underlying price of the asset. Cypher uses Pyth’s oracle network to ensure this expiry happens at the correct price. Pyth’s price feeds are foundational to ensuring protocol solvency and correct financial settlement on Cypher.","In the case that Pyth’s confidence intervals become too large, Cypher uses the most recently cached TWAP of prices until Pyth’s confidence intervals are back within the acceptable range.","Head over to our mainnet to trade three new dated futures products!","We currently offer three assets:","SOL/ETH futures","BTC/ETH futures","SOL&P index futures","Unlike perpetual futures, dated futures do not carry a funding rate. Instead, dated futures expire after a certain amount of time to the price of the underlying asset. Currently, Cypher’s dated futures expire after one month of being initialized!","Both SOL/ETH and BTC/ETH futures allow you to bet on the relative strength/weakness of each asset against the other asset in the pair.","For example, assuming a perfect correlation between SOL and ETH, the SOL/ETH pair would not actually change in price. However, if the SOL price began moving up, while the ETH price remained constant or began moving down, the SOL/ETH pair would increase!","The SOL&P index consists of 11 Solana DeFi tokens including, SRM, HXRO, MNGO, and RAY. Each asset is weighted differently and will therefore affect the price of the index proportional to its weighting. You can trade the SOL&P to gain exposure to Solana DeFi as a whole!","In the case where you don’t want to trade, you can deposit USDC and start earning yield by supplying USDC for long positions to borrow!","We have comprehensive step-by-step tutorials on how to use all of Cypher’s features here!","We have an active Discord where we constantly have traders talking about the market. We also have weekly quizzes every Friday based on trading strategies and overall market dynamics to help you become a better trader. Winners receive 1 SOL!","Cypher is hosting an upcoming trading competition with rewards, so be sure to join our Discord and follow our Twitter to stay up-to-date!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-cypher"},"/blog/pyth-june-update":{"version":1,"title":"Pyth Monthly Update | June 2022 - Blog - Pyth Network","description":"Rare perfect days fuel DeFi innovation. New content, cross-chain action, and growing partnerships build a brighter future for finance.","keywords":"","h1":["Pyth Monthly Update | June 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Rare perfect days fuel DeFi innovation. New content, cross-chain action, and growing partnerships build a brighter future for finance.","Updates","Jul 1, 2022","“And what is so rare as a day in June? Then, if ever, come perfect days” – James Russell Lowell","Perfect days are days spent with our Pythians. Austin, London, Barcelona, New York. No matter the location, macro, or sentiment, we build together with a vision for DeFi and the future of finance.","We welcomed newcomers to the network — publisher and consumer alike — and released new content for your daily dose of alpha. Murmurings of cross-chain action rumble beneath.","QCP Capital, the digital asset trading pioneer, joins Pyth!","MEXC Global, the exchange, joins Pyth!","Argamon, the financial services provider, joins Pyth!","SHIFT Search by Vesica integrates with Pyth to bring a new way to visualize market flow and gain a trading edge!","Xenon integrates with Pyth to bring universal margining!","Pyth launches $BRZ feed!","Pyth launces $ATLAS feed!","Pyth is the most efficient program on Solana","Lifinity reaches $1B in Trading Volume! (#PoweredByPyth)","Lifinity opens SOL-UXD and GMT-USDC pools (#PoweredByPyth)","Cypher on mainnet! (#PoweredByPyth)","DeltaFi V2 launch! (#PoweredByPyth)","Solana Hacker House London","Solana Hacker House Barcelona","Solana Hacker House Austin","Catch the Cahill on the SALT Podcast. Mike explains why Pyth is game changing for all builders","NYC Battlefin Conference","Goldman Sachs Crypto Conference","Pyth x Solmeet Workshop. Watch the tutorial here. Special thanks to Evernew Capital, Dappio, and SolanaTW for making this happen!","Poker night with 01 Exchange and the Bytes","Proposal for Venus on BNB Chain to integrate Pyth","Who’s #PoweredByPyth? Recaps here, here, here, here and here…","The Pythiad returns. Read about Neptune and GooseFX","New sources of weekly alpha: Confidentia. Read about Cypher","Townhalls and Spaces: Venus, Neon Labs, SHIFT Search, Everlend, Sypool, Hedge","Ambassador Program Applications Closed. Results TBA soon…","Pyth on Bloomberg: Jump versus Crypto Winter","Lifinity x Pyth: Celebratory Flare","Bonfida x Pyth: #BonfidaWolves","Cega x Pyth: Cega Super Sanics","Curatia: Market Maker Feature and Eyeing a Regulatory Duel and a Fantastic Crypto Voyage ft. Pyth","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-june-update"},"/blog/interview-marginfi":{"version":1,"title":"marginfi Announces Mainnet (Alpha) | Interview - Blog - Pyth Network","description":"Pyth network delivers exclusive data insights for DeFi pioneers like MarginFi, offering a unique u trading experience. \n","keywords":"","h1":["marginfi Announces Mainnet (Alpha) | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is marginfi?","How does marginfi use Pyth Price Feeds?","marginfi is on mainnet (alpha)","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network delivers exclusive data insights for DeFi pioneers like MarginFi, offering a unique u trading experience.","Interviews","Jul 5, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week’s literal alpha: marginfi","marginfi recently announced their mainnet with live testing beginning with a private group of traders. (Invitations open). The promise? A single universal interface and omniprotocol margin engine to trade across DeFi. In other words, “one account you trade an entire ecosystem of financial markets through, on Solana and beyond”. In volatile times like these, it’s good to have new risk management tools.","marginfi is an infrastructure layer that creates a unified DeFi trading experience. By leveraging a global margin account, positions can be cross margined against each other that are locked on different protocols. This leads to greatly improved capital efficiency on the upside and fluid risk management on the downside.","marginfi’s alpha is live on Solana and currently integrates the largest perpetual future venues on the chain. We plan to expand to other financial products and chains in the near future.","marginfi uses Pyth indirectly through integrated trading protocols. Pyth’s price feeds keep markets up to date, and Pyth’s confidence intervals give protocols the power to design robust mechanisms that protect from third party asset or exchange issues. marginfi will use Pyth to robustly track prices for supported collateral types (even USDC and other stablecoins!) as well as additional data points that may be integrated into marginfi’s lending and risk architecture.","We are looking for early testers from all around the ecosystem. Whether you bought SOL this week or run a hedge fund, we believe the infrastructure we’ve built can provide you value. We are specifically interested in people running their own algorithmic strats or discretionary traders that use perp venues on Solana.","Join our discord, apply to Fedaykin — our elite, invite-only trading community — and follow us on Twitter!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-marginfi"},"/blog/interview-cega":{"version":1,"title":"Cega Wants to Go Fast | Interview - Blog - Pyth Network","description":"Pyth unlocks key data for DeFi, featuring insights from Cega’s exotic derivatives protocol for confident investment decisions.","keywords":"","h1":["Cega Wants to Go Fast | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Cega?","How does Cega use Pyth Price Feeds?","Cega Mainnet and Vaults","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth unlocks key data for DeFi, featuring insights from Cega’s exotic derivatives protocol for confident investment decisions.","Interviews","Jul 12, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week, we’re doing rapid-fire questions with Cega, the exotic derivatives protocol.","Cega offers safer yields in volatile market environments and recently announced their mainnet launch with three inaugural vaults!","Cega is the first DeFi exotic derivatives protocol that offers safer, high-yield vaults for investors to stake their stablecoin.","Cega vaults offer principal protection against severe market movements up to a 90% price drop. This means that even if the crypto market falls by 90% in the next 30 days, investors do not lose their principal while still collecting high yield!","We’re bringing real innovation to DeFi and can’t wait to continue growing our catalog of exotic options structured products for investors.","We use Pyth pricing data to determine whether Cega options trades have knocked-in or knocked-out and to to calculate the trade settlement at expiry.","It’s critical that pricing data is accurate, reliable, and available and we count on Pyth to deliver this quality for our customers.","Thank you! We are proud to be building better investment products for crypto retail investors that are safer, high-yielding, and offer yield transparency.","There are three inaugural vaults (and a secret fourth vault for Cega NFT holders, more on that later)! Each vault offers different price protection levels, APYs, and exposure to underlying crypto assets so investors can choose the one that aligns best with their needs.","Vault 1: “Cruise Control”","Underlying: BTC-ETH","Price Protection: 90% protected","Indicative APY: 8%","Vault 2: “Genesis Basket”","Underlying: BTC-ETH-SOL","Indicative APY: 11%","Vault 3: “Gotta Go Fast”","Price Protection: 50% protected","Indicative APY: 134%","Users who hold our Cega Super Sanics NFT (available on Magic Eden) in their wallet while browsing our DeFi web app will see a fourth secret vault offering the highest APY investment opportunity.","This is just one of the many cool things we have planned for our community! For any newcomers, please get involved by joining our Discord and/or following us on Twitter! Our DMs are open so don’t hesitate to say hi!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-cega"},"/blog/new-pyth-data-provider-gemini":{"version":1,"title":"New Pyth Data Provider: Gemini - Blog - Pyth Network","description":"Gemini joins Pyth Network, bringing real-time crypto price data. The innovative exchange and custodian expands Pyth’s capabilities.","keywords":"","h1":["New Pyth Data Provider: Gemini"],"h2":["Who is Gemini?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Gemini joins Pyth Network, bringing real-time crypto price data. The innovative exchange and custodian expands Pyth’s capabilities.","Data Providers","Jul 14, 2022","We are thrilled to welcome Gemini, a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets, to the Pyth Network, where it will contribute real-time data on crypto prices.","Gemini was founded in 2014, by brothers Cameron and Tyler Winklevoss, to unlock the next era of financial, creative, and personal freedom. It was also the first company to launch bitcoin futures contracts in December 2017. The Chicago Board Options Exchange (CBOE) used Gemini’s bitcoin prices as the basis for the daily settlement of the bitcoin futures.","Gemini is a New York trust company that is held to the highest level of fiduciary obligations, capital reserve requirements, and banking compliance standards. With hundreds of employees worldwide, the company has offices in the United States, the United Kingdom, Ireland, and Singapore.","In November 2021, Gemini raised $400 million led by Morgan Creek Digital, valued at $7.1 billion","\"As a data publisher to Pyth, we are delighted to continue contributing to the growth of the DeFi ecosystem by providing our real-time price information to protocols and projects on-chain,\" said Marshall Beard, Chief Strategy Officer of Gemini. \"At Gemini, we provide customers with accurate, real-time data on crypto prices. We are excited to expand our data contribution to the Pyth oracle, the leading oracle in DeFi today.","\"The Pyth Network is a specialized oracle solution for latency-sensitive financial data that is typically kept within the “walled gardens’’ of centralized institutions. It operates one of the largest and most reliable oracle networks, deriving price data from more than 60 leading institutions, both in crypto and traditional finance. Our partnership with the Pyth Network to bring valuable financial market data to DeFi applications and the general public directly aligns with our mission to unlock the next era of financial, creative, and personal freedom.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Gemini","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-gemini"},"/blog/pythiad-the-hxro-we-need-on-mainnet":{"version":1,"title":"The HXRO We Need  | Interview - Blog - Pyth Network","description":"DeFi is nascent, lacking mature infrastructure for mass adoption. Pyth & Hxro Network build essential tools to address these limitations.","keywords":"","h1":["The HXRO We Need  | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is Hxro Network?","What’s the founding story behind Hxro? How have your backgrounds in TradFi helped in building DeFi primitives?","Congratulations on launching your alpha! Your derivatives marketplace is now on Solana, providing a key derivatives infrastructure layer. What does this unlock?","Pyth network is about bridging the worlds of TradFi and DeFi. What are your views on the role traditional finance will play in the development of decentralized finance?","Tell us more about Dexterity (the framework for trading instruments with defined payoffs) and Spandex (your customized derivatives risk engine). What prompted their creation? What is their place within a large ecosystem of protocols and institutional players?","The map of primitives across the HXRO network can be overwhelming! Market protocols (derivatives, parimutuel), liquidity protocols (SAMM, THEO), Dexterity, and Spandex, and HXRO token and governance. Do you have any helpful frameworks for the community to digest everything?","What should your community look forward to next?","Any final words for your community and the reader?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi is nascent, lacking mature infrastructure for mass adoption. Pyth & Hxro Network build essential tools to address these limitations.","Interviews","Jul 11, 2022","We’re still so early. Much has been built since DeFi Summer in 2020, but DeFi is still immature relative to the longstanding legacy of traditional finance. Fragmented liquidity and frictions in user experience prevent mass adoption by institutions and retailers. The requisite tooling for DeFi to become truly massive is still missing. Pyth is one such tooling. In this spirit, we are excited to highlight another powerful infrastructure player working on the same mission — the Hxro Network.","We are joined today by the contributors of Hxro Network, a fully composable, on-chain derivatives primitive (#PoweredByPyth). HXRO Network is here to make DeFi capable of everything that TradFi can do (sound familiar?): core primitive for exchange, risk management, and settlement — at the same level as the institutional players.","Hxro Network, built on Solana, is a fully composable, on-chain derivatives primitive that provides core exchange, risk and settlement infrastructure for professional-grade financial applications.","Any CeFi or DeFi application (CEX, DEX, DOV, sportsbook, prediction market platform, metaverse game platform and various other product platforms) can easily connect via the Hxro derivatives marketplace. We therefore think of this very much as a B2B2C stack with the Hxro primitive at the bottom, applications built on top, and most users accessing Hxro markets through any application that is connected.","The power of this model is that all applications and market participants (including market makers, professional traders and OTC brokers) share liquidity regardless of the venue from which they access it. Put another way, all liquidity, from all venues, bottoms out into Hxro derivative market order books!","In the background, Hxro uses Pyth prices and confidence intervals in multiple ways.","Firstly, Hxro leverages Pyth’s market data oracle and confidence intervals as an input in Hxro’s customized risk engine, Spandex. Within Spandex, Pyth data is used as an input when determining account health, real-time margin requirements and account liquidations.","Hxro is also implementing Pyth data as an input for determining a price curve and volatility surface for its vanilla options market (which will be released later this year).","Lastly, Hxro will also be incorporating Pyth market data as a price and settlement oracle in its on-chain parimutuel markets.","Hxro Network founders have multiple decades of experience in TradFi derivatives markets as traders, risk managers and in operations. Additionally, most of the teams contributing to the Hxro Network project since day one have come from some of the largest principal trading firms in the world.","Collectively, we were able to pinpoint the friction points of a centralized exchange, clearing and settlement stack (as well as the parts that make sense to keep), and were able to design a primitive which we believe captures existing benefits of centralized infrastructure with the added value of a DeFi layer.","Without our collective domain expertise in both CeFi and DeFi, this would be very hard to accomplish.","This is a moment in time when many professional trading firms, institutions and operators are rethinking (either voluntarily or by necessity) the fabric of the global derivatives landscape.","Leading participants believe it can evolve in a way that opens up access to markets to a wider spectrum of participants, market types and products while also disintermediating systemic market risk and increasing market transparency through on-chain mechanisms. Hxro Network is one of the alternatives, as it unlocks the following:","1. Access and a more inclusive derivatives landscape.","2. Liquidity formation at the primitive layer.","Imagine a world where markets which would otherwise be secondary or tertiary markets on a single exchange (for example: vanilla options or long duration futures on alts or maybe even derivatives that are used by companies to hedge bets on sporting events) can now share access to liquidity–in a way where the collective liquidity can greatly increase an end-user’s ability to obtain fair pricing when hedging risk. This is a critical component of market formation and critical to unlocking the reflexive power of liquidity as it scales.","3. The disintermediation and horizontal dispersion of systemic risks (no central point of failure).","This speaks directly to what we’ve been dealing with in the digital asset space recently where a lack of transparency and central points of failure have caused the systemic unwind of risk across the entire digital asset marketplace. What’s clear is that the majority of these issues have stemmed from centralized players. Alternatively most of the models in DeFi have performed incredibly well.","4. Real-time transparency for risk and critical market data.","Hxro Network’s customized risk engine, Spandex, runs risk inline (or in real time, as trades occur). This is a critical component in the mitigation of any unknown risk issues that could cause a material or potential catastrophic risk event.","As mentioned above, we don’t think it would be possible to understand the real friction points of TradFi markets and where DeFi can improve upon those points without having contributors who have experienced TradFi markets firsthand.","Dexterity is an open source collection of smart contracts that provides the base exchange and clearing framework for trading any instrument with a defined payoff function. So think of this as the part of the network that handles the accounting, exchange and settlement function.","Spandex is Hxro Network’s customized derivatives risk engine. It is the first on-chain, real-time risk engine to use a portfolio risk-based approach to managing users’ margins and risk.","Put simply, this means that when you have more than one position in your wallet, you will receive any potential benefits of correlated offsets between all positions in the wallet, as opposed to receiving isolated margin on each position individually,","As an example: say it cost you $5,000 of initial margin to carry a BTC-USDC 1-week future. Now say you simultaneously sold a 2-week future behind it: your portfolio margin requirement would actually go down substantially, where maybe now you’re only required to post $1,000 due to the optimization benefits of having a 1-week vs 2-week spread on.","Haha. Yes, quite an ambitious slate of primitives that were built! I think it is best to focus on the main features which would be Dexterity and Spandex as well as the networks staking, governance and rewards contracts first. Everything else, I would consider secondary for now.","Next for Hxro Network will be to move from our alpha sandbox to opening on real USDC as collateral. I would expect this to be ready to go later this summer. At that time we will also launch governance, staking and rewards.","What has come to light the past 2 months of what we would consider systemic market events has magnified the risks associated with centralized finance. Especially as it relates to lack of transparency and human error. This screams the need for an onchain DeFi alternative to the incumbent market.","I think over the next 12–18 months you will see a significant shift of interest by both market participants and regulators to the exploration of defi derivatives and how they might help mitigate these legacy market risks. We expect to see Hxro Network, as a primitive and as an entire ecosystem, lead that initiative.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-the-hxro-we-need-on-mainnet"},"/blog/pyth-primer-dont-be-pretty-confident-be-pyth-confident":{"version":1,"title":"Pyth Primer: Confidence Intervals - Blog - Pyth Network","description":"Pyth’s confidence intervals safeguard data, enabling protocols to make informed decisions by measuring price uncertainty.","keywords":"","h1":["Pyth Primer: Confidence Intervals"],"h2":["Built Different","How Do Confidence Intervals Work?","Confidence Interval Case Studies"],"h3":["Where Does Estimation Uncertainty Come From?","Why Confidence Matters","Borrowing and Lending","Automated Market Makers (AMMs)","Derivatives"],"h4":["Aggregating Every Data Provider's Estimations","Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth’s confidence intervals safeguard data, enabling protocols to make informed decisions by measuring price uncertainty.","Pyth Primers","Jul 18, 2022","TL;DR:","Confidence intervals are powerful tools unique to Pyth which protect our data users and empower their protocols to make safer and more-informed decisions.","Confidence intervals measure the uncertainty in the reported price. This is critical information for protocols!","Every Pyth price feed provides an accompanying confidence interval.","This blog post provides some examples of how developers using Pyth can integrate confidence intervals to improve their protocols’ safety and decision-making.","Not all oracles are built the same. The Pyth Network takes a unique approach to designing a financial oracle network. More specifically, Pyth is the largest and premier Publisher Oracle Network: all of Pyth’s data sources are first-party sources, meaning they own and create the data that they submit to the network, instead of purchasing or collecting it from other sources.","The result? Data middlemen costs are eliminated; data is timely and licensed; the network is maximally scalable; and — the focus of today’s blog post — Pyth can source additional information from all of its market data providers beyond just the price.","On the Pyth Network, all data providers are required to submit not only price quotes, but also accompanying confidence intervals — an informative metric reflecting the provider's estimation uncertainty of their submitted price.","Pyth’s on-chain program then aggregates the price quote and confidence interval input to generate the (aggregate) price and confidence interval feeds. Hence, Pyth’s BTC/USD feed will look something like $19,405.19 ± $9.907 instead of just $19,405.19. This supplementary metric is extremely beneficial for applications looking for additional safety rails and deeper context on the data they’re using.","Pyth is the only oracle solution offering a confidence interval metric for every data feed. This primer will focus on Pyth’s unique confidence interval design and how it benefits Pyth’s data users. We also offer some real-world example applications of confidence intervals, which we hope can inspire the developer community!","By way of quick review, the Pyth Network confidence interval represents the estimated uncertainty of the price. As discussed in a previous deep-dive post:","\"In scientific and engineering fields, an observation or measurement is almost always accompanied by a measurement uncertainty. Measurement uncertainty indicates how much precision or uncertainty there is in a single observation…the observer’s best estimate of how far off from the 'true' value their measurement is likely to be.\"","The distance between two points might be measured to be 10.12m ± 0.01m. The time it took for a car to travel that distance might be 1.23s ± 0.05s. In the context of the Pyth Network, a BTC/USD price feed might read $19,405.19 ± $9.907, indicating high conviction in the aggregate price with less than $10 of uncertainty ($9.907/$19,405.19 ≈ 0.05%).","One can visualize the confidence measure of ±$9.907 measures as a “band” around the aggregate price action. A widening of the band indicates greater uncertainty, and narrower bands indicate greater certainty.","It is important to remember that there is no “one price” or “true price” for an asset: instead, there are (at a simplified view) multiple venues or exchanges which have their own best bid and best ask prices, or venues reporting a sequence of previously transacted prices. In the case of a price feed like BTC/USD, one will encounter different prices at various venues at any given time.","Prices between these data providers may diverge because of differences in liquidity or due to extreme events such as suspended withdrawals or halted trading. In different markets (equities, FX, crypto, etc.), measurements of confidence (uncertainty) will vary due to market structure. An exchange, for example, could represent its confidence as the bid-ask spread on that venue; and a data provider that focuses on multiple venues could represent confidence as a function of where they expect trades to occur.","The Pyth Network recognizes that there are real-world circumstances in which prices across venues disagree: the oracle should reflect those circumstances.","In order to capture a broad snapshot of the markets, the Pyth Network requires there to be multiple data providers (currently up to 32) supporting every price feed. Pyth data providers submit both their price quotes and calculated confidence intervals at every Solana slot (every 400ms).","Pyth’s on-chain program then aggregates every data provider's inputs into a single price stream (which closely estimates the “true price”) plus the accompanying streaming confidence feed. The aggregate confidence feed reflects the variation between those data providers’ prices. Periods of high volatility or low liquidity, for example, may bring about large price divergences across different exchanges.","By continuously streaming a consolidated estimate of these important price dislocations, the Pyth Network empowers downstream data consumers. Developers can specify how their protocols will handle potential variations in confidence (that is, unusual and extreme market conditions) for safer and more precise operations.","One common use case of Pyth’s confidence intervals relates to borrow-lending protocols and their liquidation functions. Borrow-lending platforms must constantly monitor the “health” of their borrowers’ positions: should the market value of their collateral fall below a predefined liquidation threshold, the protocol must liquidate that user. If the protocol receives an inaccurate oracle price, however, users can be incorrectly liquidated.","Confidence intervals enable developers to better deal with this difficulty by treating the confidence reading as a conviction metric. For example, if the oracle price falls but the confidence bands simultaneously widen, the borrow-lending protocol can acknowledge this increased price uncertainty and delay action (liquidation) until the next block or until certainty stabilizes. Once data providers'’ conviction in the accuracy of their reported price is restored, the protocol can reassess the collateral value and act accordingly.","Below are some examples of mainnet applications and how they leverage the Pyth confidence interval feature:","Borrow/lending protocols like Solend or Jet Protocol utilize Pyth prices and confidence intervals to ensure that the platform does not enable any bad debt. Accordingly, they must actively identify and liquidate unhealthy user positions.","Both Solend and Jet use Pyth’s confidence intervals to ensure that prices are accurate when calculating user account health. In the case of Jet Protocol, the Pyth confidence interval allows for more precise liquidation operations. When an unhealthy position is detected, the protocol compares the reported confidence interval of the collateral assets to Jet’s hourly TWAP.","In Jet's case, the protocol utilizes a threshold of greater than five percent: if the confidence interval at that moment exceeds that hourly TWAP by more than five percent in either direction, Jet Protocol rejects the price and withholds liquidating for that moment.","DeltaFi is an AMM DEX on Solana focused on efficient pool prices, sustainable yield for LPs, and cross-chain compatibility. DeltaFi utilizes Pyth’s real-time prices in their pricing algorithm to minimize impermanent loss for liquidity providers.","DeltaFi uses Pyth confidence intervals to protect liquidity providers from price volatility. To further ensure price accuracy, DeltaFi first checks if the market is stable or unstable. (When markets are more stable, the confidence interval will be closer to 0). In cases of more volatile markets, the price displayed to traders will increase based on the confidence interval to allow for more conservative trades.","Zeta Markets is an under-collateralized DeFi options and derivatives platform on Solana. Zeta is a consumer of Pyth’s price feeds, and moreover, Pyth’s confidence value enables Zeta to provide short-term binary options without worrying about whether the oracle price has a large candle on the last second of trading.","\"Zeta’s binary options settle to half their payout for both longs and shorts if the strike is within this uncertainty interval. This allows us to provide tradeable, short-term products whilst preventing the risk of random price disagreements close to expiry!\"","You can read Zeta’s thread and Pyth’s thread on this topic to learn more.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions. Take fate into your own hands.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-primer-dont-be-pretty-confident-be-pyth-confident"},"/blog/interview-goosefx-2":{"version":1,"title":"GooseFX’s Launchpad is Ready for Flight | Interview - Blog - Pyth Network","description":"Pyth network delivers weekly DeFi insights, focusing on projects like GooseFX's NFT launchpad for equities, commodities, and crypto data.","keywords":"","h1":["GooseFX’s Launchpad is Ready for Flight | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is GooseFX?","How does GooseFX use Pyth Price Feeds?","GooseFX's New NFT Launchpad","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network delivers weekly DeFi insights, focusing on projects like GooseFX's NFT launchpad for equities, commodities, and crypto data.","Interviews","Jul 18, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week, we’re taking a gander at GooseFX and their new NFT Launchpad.","GooseFX is a one-stop-shop for all things DeFi — covering crypto, derivatives, single-sided liquidity pools, and NFTs — and proud member of the #PoweredByPyth gaggle.","GooseFX is a full suite DeFi platform built on the Solana blockchain, offering a variety of unique decentralized peer-to-peer financial products. A complete DeFi experience where you can trade cryptocurrencies, futures, NFTs all through one interface while utilizing your capital across all features seamlessly.","GooseFX utilizes Pyth oracles in the platform, namely in our CLMM and price feeds! We’ve built an on-chain proactive market maker that is tied into our AMM/SSL pools which utilizes Pyth price feeds to give the best real-time quotes!","NFTs have been booming since the last bull run, while artists and creators have no perfect solution for a No-Code NFT collection minting experience on Solana.","This is where GooseFX steps in, by providing the perfect no-code NFT Launchpad and curating a personalized experience for all artists and creators to launch their NFT Collection through the GooseFX Launchpad on Solana.","Launchpad Features:","Multi-currency support (SOL and USDC)","Anti-botting mint freeze period","Unique Civickey Captcha Pass enforced mints (with facial recognition in the future)","Creators can assign milestones, and vesting timelines to show off how they are intending to build their community post-mint. This builds more trust in the ecosystem","Custom Smart Contract to curate all technical needs for complex whitelist tiers","GooseFX will always be empowering the artists and creators by helping them out, even after completing the minting process for a complete DeFi experience.","To all the artists, creators and projects looking out for the best NFT launchpad on Solana, feel free to drop us a DM, and we will get you sorted​​​​​ .","At GooseFX we are always chewing diamonds to create the best DeFi experience on Solana. Currently, GooseFX offers token swaps, Single-Sided Staking pools, NFT Marketplace, NFT Appraisal Engine, No-Code NFT Launchpad, DeFi Derivatives and much more.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-goosefx-2"},"/blog/new-pyth-data-provider-huobi-global":{"version":1,"title":"New Pyth Data Provider: Huobi Global - Blog - Pyth Network","description":"Huobi Global joins Pyth Network, providing real-time crypto market data. Expanding data access for enhanced cryptocurrency trading insights.","keywords":"","h1":["New Pyth Data Provider: Huobi Global"],"h2":["Who is Huobi Global?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Huobi Global joins Pyth Network, providing real-time crypto market data. Expanding data access for enhanced cryptocurrency trading insights.","Data Providers","Jul 19, 2022","We are thrilled to welcome Huobi Global, one of the world’s leading cryptocurrency trading platforms, to the Pyth Network, where it will contribute its real-time market data for crypto assets.","Established in 2013, the company’s Huobi Global exchange accumulates a turnover that places it among the leading global exchanges. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.","Huobi Global is part of Huobi Group, a world-leading blockchain company. It was founded to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries.","\"Data oracles are an integral part of the decentralized world, and only those with low latency and high reliability can serve as the bedrock for sustainable DeFi protocols,\" said Huobi CFO Lily Zhang. \"Pyth Network, with its fast-growing network of well-respected data partners, exemplifies such exciting potential.”","\"Huobi Global has established itself as a leading crypto exchange within the crypto economy, and we look forward to bringing their digital asset data on-chain as we continue to build the future of finance and create more efficient decentralized markets,\" said Mike Cahill, a Director of the Pyth Data Association.","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Huobi Global","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-huobi-global"},"/blog/new-pyth-data-provider-bitbank":{"version":1,"title":"New Pyth Data Provider: bitbank - Blog - Pyth Network","description":"Pyth Network welcomes bitbank, a leading Japanese crypto exchange, bolstering its data offerings for enhanced market insights.","keywords":"","h1":["New Pyth Data Provider: bitbank"],"h2":["Who is bitbank?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes bitbank, a leading Japanese crypto exchange, bolstering its data offerings for enhanced market insights.","Data Providers","Jul 20, 2022","We are proud to have bitbank, one of the largest and most trusted cryptocurrency exchanges in Japan, joining the Pyth Network. bitbank will contribute its real-time market data for crypto assets.","bitbank is a certified cryptocurrency exchange in Japan, serving more than 550,000 users and 30 available trading pairs, with approximately 20~30% spot-volume share domestically.","bitbank traded an average monthly volume of 3.7 billion yen in 2018 and 7.2 billion yen in 2021 with 50~70% volume share for altcoins among Japanese crypto exchanges","bitbank is ISMS certified and abiding by every financial regulation standard prescribed by the Japanese FSA.","\"Timely and transparent data is the cornerstone of creating a thriving ecosystem in the financial space,\" said Noriyuki Hirosue, the founder and CEO of bitbank. \"We believe that the Pyth Network has the potential to deliver a dependable market data infrastructure in DeFi, and are looking forward to taking part in the initiative.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about bitbank","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-bitbank"},"/blog/interview-solend":{"version":1,"title":"Solend’s Got a Surprise | Interview - Blog - Pyth Network","description":"Pyth’s Confidentia delivers weekly alpha insights from DeFi builders, featuring a deep dive into Solend’s lending platform on Solana.","keywords":"","h1":["Solend’s Got a Surprise | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Solend?","How does Solend use Pyth Price Feeds?","Permissionless Pools are now live! What does this mean?","Whats next for Solend?","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth’s Confidentia delivers weekly alpha insights from DeFi builders, featuring a deep dive into Solend’s lending platform on Solana.","Interviews","Jul 28, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week, we’re sitting down with Solend, the leading borrow-lending platform on Solana.","Solend describes themselves as “the autonomous interest rate machine for lending on Solana”. They’re also Solana’s largest lending platform by TVL. Solend’s also got a surprise brewing. You can’t spell permissionless pools without #PoweredByPyth.","Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. With Solend, anyone with an internet connection can earn interest or take a collateralized loan against their assets on Solana. And it costs next to nothing!","With over $300M in deposits, Solend allows you to borrow 48 assets across 17 pools.","Solend uses Pyth’s oracle prices and confidence intervals to actively track its users’ account health and to determine liquidations!","Permissionless Pool is a type of isolated pool where any user of Solend can launch. This feature unlocks new long-tail assets to be listed within the Solend platform. Furthermore, Permissionless Pool provides a new revenue stream for users, directly from the fee sharing.","Users will ultimately benefit from Permissionless Pool feature as they can launch whatever pools they want, borrow against the tokens they have in the pools, and create synthetic longs or shorts through these pools.","Relying on Pyth oracles, Solend has listed most of the high quality assets on Solana and attracted millions of deposits to each of them. With permissionless pools launching soon, the roadmap for a lending protocol has been completed with lots of assets and huge TVL!","Despite all of that initial success, the team is still going full speed ahead with their motto of building a terrific product, wherever users are at. Plans for multi-chain and additional features like margin trading are in place!","Stay tuned as Solend goes from a large lending protocol on Solana to a super-app in the multi-chain world.","Stay up to date in the Solend Discord and Twitter and blog.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-solend"},"/blog/new-pyth-data-provider-imc":{"version":1,"title":"New Pyth Data Provider: IMC - Blog - Pyth Network","description":"Pyth Network welcomes IMC, a global market maker, boosting crypto data & expanding asset offerings as the network grows.","keywords":"","h1":["New Pyth Data Provider: IMC"],"h2":["Who is IMC?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes IMC, a global market maker, boosting crypto data & expanding asset offerings as the network grows.","Data Providers","Jul 21, 2022","We are proud to welcome IMC, a leading global market maker, to the Pyth Network. IMC will contribute its proprietary market data for crypto assets and expand into other asset classes as the network continues to scale.","IMC is a leading global market maker with more than three decades’ experience and with offices in Europe, the US, and Asia-Pacific.","IMC’s core business is to provide liquidity in financial assets on trading venues and to deliver the best outcome in value and risk to investors. To do so, IMC employs state-of-the-art algorithms, statistical techniques, and innovative low latency technologies to execute its strategies.","\"We have always recognized the value of technology as a driver for more efficient and transparent financial markets,\" said Arno de Quaasteniet, Chief Technology Officer at IMC. \"We see the vast potential blockchain technologies bring to this, and naturally want to support innovators, such as Pyth, who are actively pushing boundaries in this space.\"","We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data and power any financial dApps regardless of their blockchain base.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about IMC","Learn more about Pyth Network","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-imc"},"/blog/pythiad-jet-protocol-the-second-leg-of-the-journey":{"version":1,"title":"The Second Leg of the Journey with Jet | Interview - Blog - Pyth Network","description":"Jet Protocol: Solana’s oldest DeFi app, offering fast, scalable lending. Focused on open source, governance, and decentralization.","keywords":"","h1":["The Second Leg of the Journey with Jet | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is Jet Protocol?","What’s the founding story behind the Jet team? Why did you choose to build a borrow-lending protocol?","Jet has been in the ecosystem since the beginning. You’ve seen a lot of Solana’s history! What are your thoughts on where Solana is headed now?","You’re bringing people with TradFi background into DeFi. How has your past experience helped? What do you see that maybe some blockchain natives miss?","Composability is an ongoing topic of DeFi. Who can compose with Jet? What are you most excited for in terms of compositions?","Jet V2 Beta is coming! What will be new with V2?","How else can the Jet community get involved? What should they look forward to next?","Any final words for our readers and the ecosystem?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Jet Protocol: Solana’s oldest DeFi app, offering fast, scalable lending. Focused on open source, governance, and decentralization.","Interviews","Jul 29, 2022","Jet Protocol is one of the oldest Solana applications. “Built for speed, power, and scalability”, Jet is a borrow lending protocol offering first class, market-based lending products and proudly #PoweredByPyth. They are also vocal promoters and champions of some the most beloved principles in the space: open source, governance, and decentralization.","It’s been a wild ride since DeFi summer. Jet is ready to take flight for the second leg of their journey, with Jet Bonds, their V2, new Compositions with your favorite DeFi apps, and more. The final destination? A new standard for debt capital market efficiency and a platform where the community charts the course.","We’re pleased to be joined by James Moreau from the Jet team this week for a tour through their founding story, their thoughts on the space, and Jet’s upcoming roadmap.","At its core, Jet Protocol is a borrowing and lending protocol!","The earliest iteration of Jet was as a cross margin pooled model, however, the core development team quickly realized that this specific model of DeFi was going to be commoditized quickly. We decided to pivot to more traditional, familiar, and efficient modes of creating debt capital markets.","Jet currently uses Pyth as the exclusive data provider oracle for maximizing the functionality and flexibility of Jet Protocol, especially with a mind towards optimizing the way the liquidator sells underwater collateral on the open market fairly. Pyth’s functionality enables Jet Protocol to deliver optimal capital efficiency for users.","Wil Barnes and I (James Moreau) started development of Jet Protocol after knowing each other for several years since working together in the 2017 bull market at ConsenSys.","After collaborating on several projects within ConsenSys such as: Metamask, Infura, Kauri and ConsenSys Diligence, we went off to work on different parts of the blockchain space — Wil in DeFi at MakerDAO and myself in staking and governance at Lunie.","During DeFi Summer, Wil was hacking for fun at the first Serum hackathon building a structured products POC. Wil and I started talking about cool things they could build on Solana at the time, with a common concern surfacing, “if only there was more liquidity”. This concern led to the idea that building a robust and highly decentralized, borrowing and lending protocol on Solana would be the best way to get on-chain liquidity to support more sophisticated DeFi ideas on the chain.","This foundational need is what got us fired up!","Frankly, I’m personally surprised at how fast and easy the general public was willing to throw the baby out with the bathwater in terms of Solana’s technical promise based on some temporary issues regarding chain liveness and performance.","Literally every blockchain that has withstood the test of time since I’ve been in the space has had similar if not worse issues at one point or another — it’s all about recency bias. Whether you call this a bear market or not, it’s definitely building season and Jet and a bunch of our peers are taking full advantage of it to innovate without as many distractions related to “number go up.”","Fixed-rate, fixed term borrowing and lending doesn’t bring the most sexy unsubsidized APY’s, however everyone notices the fixed rate/fixed income archetype throughout the TradFi world–and it’s something that is ubiquitous in most people’s financial lives.","Seeing cool yield farming ideas come to market in the last cycle was fun while it lasted, but their utility is limited for few things besides ponzinomics.","While the Jet can innovate and scale the experience of accessibility and transparency of what are bond equivalents on the blockchain, it has to be looked at as something worth getting right before the DeFi space launches headlong into more creative financial products that would be a mystery to the average consumer.","Anyone and everyone who’s building in DeFi on Solana should check out the new codebase.","The more adaptors that are built for Jet’s margining system, the better it performs! Other protocols looking to benefit users by trading through Jet should consider proposing or building an adapter themselves. The number of interesting and innovative yield products that can be built via Jet Bond’s extensible and composable code is very exciting!","Another type of composability is Jet DAO’s governance process. That process includes evaluating and adding new asset types to the platform. Pyth provides data feeds for this, and is open and decentralized. To learn more about the onboarding process for new assets, go here and to follow along on governance discussions on the forum. You do not need to work for or be an official representative of the project behind the asset to propose it for listing on Jet Protocol! Anyone can fill out an application for an asset to be onboarded that adds value to the protocol and ecosystem.","Jet V2 Beta is a total overhaul of the backend that supports the MVP cross-margin protocol using Jet’s next generation margining system.","Jet V2 Beta is the first iteration of a 3-stage roll out planned for the remainder of 2022. The cross margin system is being supported by the margin backend now, with the margin trading functionality of Serum from Jet coming next in late Summer. This margin trading system is the critical infrastructure underpinning what will be Jet’s flagship creation of a fixed rate and fixed term market — Jet Bonds.","Testing the newest releases of Jet V2 Beta, and subsequent releases on a go-forward basis, are the best ways you can directly affect the direction of the protocol. Make sure to participate in the Jet Discord and offer feedback, offer bug reports and review them, and of course the Jet forum.","This is really the beginning of where the key innovations that Jet Protocol brings to the table meet the governance process developed with lasting decentralized operations in mind. There will surely be use cases that crop up out of the community of users with varying backgrounds as progress is made towards releasing the first scalable blockchain-based bonds market. Don’t be shy about sharing your ideas!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-jet-protocol-the-second-leg-of-the-journey"},"/blog/pyth-monthly-update-july-2022":{"version":1,"title":"Pyth Network Monthly Update | July 2022 - Blog - Pyth Network","description":"Pyth data is expanding across Cosmos, empowering new DeFi use cases and reinforcing confidence in the burgeoning decentralized finance space.","keywords":"","h1":["Pyth Network Monthly Update | July 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data is expanding across Cosmos, empowering new DeFi use cases and reinforcing confidence in the burgeoning decentralized finance space.","Updates","Aug 1, 2022","“The Summer looks out from her brazen tower / Through the flashing bars of July.” – Francis Thompson","Every summer is DeFi summer, be it in Paris or Belgrade or Singapore or anywhere else you’re building.","This month, Pyth deployed in a new Cosmos chain, welcomed new powerhouse publishers, supported new data users going to mainnet, co-discovered new exciting use cases for Pyth data, and reminded the world what it means to be Confident — confident that we’re still early, confident because the best is yet to come.","Gemini, a next-generation cryptocurrency exchange and custodian, joins Pyth!","Huobi Global, part of Huobi Group, a world-leading blockchain company, joins Pyth!","bitbank, a certified cryptocurrency exchange in Japan, joins Pyth!","IMC, a leading global market maker, joins Pyth!","Solscan, a leading Solana blockchain explorer, adds support to Pyth instructions","OpenBB testing Pyth price feeds (off-chain) for their Terminal","Pyth releases its Metrics section (Dune Dashboard, Publisher Metrics and Network KPI)","Paloma (Cosmos-based chain) deployed Pyth contract on testnet","Friktion releases a new Volt (#5) type: Capital Protection","Katana overpasses $600M in options volume traded!","Lifinity opens stSOL/SOL pool (#PoweredByPyth)","Marginfi mainnet launch","Hydraswap launches on Devnet (#PoweredByPyth)","Cega mainnet launch (#PoweredByPyth)","Bonfida upgrades its .sol name resolver","HXRO Network Mainnet Alpha (#PoweredByPyth)","Solana Paris Hacker House","The Future of France: DeFi Panel with Raydium, Marinade, Mango Markets, Orca, and Xenon","VolumeFi x Paloma in Paris","Alpha Access to Xenon Mainnet","Pyth Primer: Don’t Be Pretty Confident. Be Pyth Confident","How Confident are you? — Games #1 #2 #3 #4 #5 #6 #7 #8","WTF is a Pyth Confidence Interval? — Pyth Intern Thread","Pythians want Pyth on Aptos","Twitter Spaces with Cega, Marginfi, Dual Finance","Discord Townhall with Lifinity","Who’s #PoweredByPyth? Pythiad featuring HXRO and Jet Protocol","Pyth merch makes waves around Paris!","CMS (A proud Pyth publisher) Blog Piece on the Pyth network","Pyth to refactor how market data is distributed","#KnowTheFlow with SHIFT Search (#PoweredByPyth)","When realizing that Squads is #PoweredByPyth","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-july-2022"},"/blog/introducing-pythnet":{"version":1,"title":"Pyth Network Launches Pythnet AppChain - Blog - Pyth Network","description":"Pythnet launches on Solana, offering ultra-fast sub-second data aggregation and cross-chain pricing via Wormhole. A scalable solution!","keywords":"","h1":["Pyth Network Launches Pythnet AppChain"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythnet launches on Solana, offering ultra-fast sub-second data aggregation and cross-chain pricing via Wormhole. A scalable solution!","New Products","Aug 1, 2022","We are pleased to announce the launch of Pythnet, a network built on the Solana codebase that enables the Pyth Network to aggregate first-party data at sub-second speeds and deliver pricing to other chains via the Wormhole cross-chain messaging protocol.","The Pyth Network chose to build on Solana because of the network’s demonstrated ability to process thousands of transactions per second with fast finality. Furthermore, Solana’s 400ms slot time allows the Pyth Network price feeds to update faster than most other layers one technology. These properties are critical for Pyth, which aims to scale thousands of price feeds for cryptocurrencies, equities, FX, and other financial products.","“Pyth cut its teeth on Solana bringing high-fidelity pricing data into Solana DeFi, and today is the most widely used Oracle on the network,\" said Anatoly Yakovenko, Co-Founder of Solana. “Pythnet, built on the Solana codebase, creates greater ability to compute prices while publishing even higher fidelity data to Solana.”","On Solana, Pyth supports 80+ price feeds by aggregating data from over 65+ data providers, resulting in over 700 price update operations per second. With Pythnet, the network can scale 20x to perform tens of thousands of price updates per second. This launch enables Pyth to take the next step in its evolution by adding new financial data and continuing to grow its network of high-quality first-party data providers. These additional high-fidelity feeds will be available on other chains, including Solana, via the Wormhole protocol.","“Pythnet will improve core Solana price feeds, deepening the partnership between the Pyth Network and Solana,” said Mike Cahill, Director of the Pyth Data Association. “Furthermore, the Pyth Network continues to develop its staking and governance technology on the Solana network and is excited to announce the launch of its PYTH governance token as an SPL token.”","Developers today can start integrating with Pythnet Price Feeds, which introduce a new pull oracle (or “on-demand”) mechanism for bringing prices on-chain. You can read our documentation to learn more and explore real-world examples such as Ribbon Finance.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join Telegram to learn more and ask any questions. Take fate into your own hands.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-pythnet"},"/blog/interview-port-finance":{"version":1,"title":"Port Finance Casts a Guiding Light | Interview - Blog - Pyth Network","description":"Pyth network spotlights Port Finance, a Solana borrow-lend platform, offering confidence and data for innovators building on-chain solutions.","keywords":"","h1":["Port Finance Casts a Guiding Light | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Port Finance?","How does Port Finance use Pyth Price Feeds?","Fixed-Rate Lending","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network spotlights Port Finance, a Solana borrow-lend platform, offering confidence and data for innovators building on-chain solutions.","Interviews","Aug 4, 2022","There’s no network like the Pyth network. Pyth unlocks some of the best data for pioneers, innovators, and thought leaders building on-chain and off-chain. It’s our pleasure to support and build alongside so many talented teams and to highlight their newest launches and debuts.","This week, we’re joined by Port Finance, the borrow-lending platform and fixed income suite on Solana.","In stormy winter markets, where can one find a lighthouse for a safe return to harbor? For Port Finance, the answer lies in fixed and variable rate lending offerings.","Port Finance is a borrow-lending and money market protocol on Solana providing a suite of fixed income products. These products include variable rate and fixed rate lending, as well as interest rate swaps.","The current variable rate product features variable interest rates based on supply and demand, cross collateral lending, and flash loans.","The fixed-rate lending product uses the model of zero-coupon bond. We allow lenders to lend at a fixed rate, and borrowers to take on fixed-rate, fixed-term loans!","Port uses Pyth prices to determine users’ account health and mark unhealthy positions for liquidations. On top of this, Port also integrates Pyth’s EMA prices to further ensure protocol safety.","Our current focus at the moment is on fixed-rate lending, as it is a largely untapped market within the DeFi space as compared to the TradFi space.","I believe crypto users are accustomed to variable rates, as yield could fluctuate from an insanely high APY to a 1 digit APY when the masses flock in. In a winter market setting, yield will probably not be lucrative at all, as everyone is looking for a safe haven to park their stable tokens. This is where fixed rate comes into play.","With fixed rate interest, businesses/DAOs that lend or borrow will have better visibility on their income or expenses. This is probably very important for start-ups–to eliminate as much uncertainty as possible in terms of earning yield and borrowing costs as well.","Now’s your chance! Readers can get involved by trying out our fixed rate offering.","You can join our Discord and share your thoughts and feedback on how you think fixed rates should be pushed forward. We are open to hearing more suggestions and thoughts on how we can better Port’s products!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-port-finance"},"/blog/pythiad-cega-is-here-to-go-even-faster":{"version":1,"title":"Cega is Here to Go Even Faster | Interview - Blog - Pyth Network","description":"Cega simplifies DeFi derivatives with controlled risk exposure through exotic options vaults. Tailor your strategy – Cruise Control to Insanic!","keywords":"","h1":["Cega is Here to Go Even Faster | Interview"],"h2":[],"h3":[],"h4":["Let’s start off easy. What is Cega?","Who is Cega? What is your team setting off to solve?","What are these Cega fixed coupon notes we’ve been hearing about?","It’s only been one month since mainnet launch! How was that experience? What should we check out?","You’re a DeFi protocol, but you have an NFT? Can you tell us more about that?","Why the name Cega? And the egg emojis? And what are your favorite way to eat an egg?","Cega is leading the exotic derivative market in DeFi! How does Cega expect the field to continue to grow?","Any final words for our readers?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Cega simplifies DeFi derivatives with controlled risk exposure through exotic options vaults. Tailor your strategy – Cruise Control to Insanic!","Interviews","Aug 5, 2022","It’s a volatile world out there. Handling the harder stages of the market shouldn’t be complicated–at least, that’s Cega’s approach to DeFi derivatives via exotic options.","Cega offers exotic options vaults (#PoweredByPyth) for users to gain controlled exposure depending on their risk-return profiles. Whether you’re looking for Cruise Control, or if you Gotta Go Fast, or if you really want to take things to an Insanic degree, Cega offers it.","We’re joined today by the Cega team and taking a deep dive into their origins, their vision, and the inspiration behind the genesis of Cega and the Cega Insanics club.","Cega is the first DeFi exotic derivatives protocol that offers safer, high-yield vaults for investors to stake their stablecoin.","Cega vaults offer principal protection against severe market movements up to a 90% price drop. This means that even if the crypto market falls by 90% in the next 30 days, investors do not lose their principal while still collecting high yield.","We’re bringing real innovation to DeFi and look forward to growing our catalog of exotic options structured products for investors.","How do we use Pyth, you ask?","We use Pyth pricing data to determine whether Cega options trades have knocked-in or knocked-out and to calculate the trade settlement at expiry. It’s really critical that pricing data is accurate, reliable, and available–and we work with Pyth to deliver this quality for our customers.","We’ve got four (4) co-founders. Collectively we bring teammates who are former exotic options traders, experienced founders, and full-stack engineers. You can reach us on Twitter–come say hi!","Arisa (@arisatoyo)","Winston (@zhangwins)","Victor (@vizhang)","Felicia (@feliciacx0)","Cega’s mission is to create superior, flexible, and diversified investment opportunities for every Web3 investor. By creating DeFi exotic options, we’re tackling a number of critical problems for users in crypto today: (1) declining market yields, (2) users often get rugged in crypto investing and take on high-risk unknowingly, (3) lack of diverse investment options, (4) poor UI/UX.","We believe the market is ready for crypto exotic options given a number of macro trends in the last few years, and we’ve built the necessary technological innovations to be able to bring this to the ecosystem.","Fixed coupon notes (FCN) are one type of exotic option structured product, and is also the first type that we launched. Investors who invest in FCNs earn high, daily yield payments on their deposited capital until the note expires/matures. FCNs also offer protection on investors’ deposited capital from market downturns by up to a 90% price drop in asset prices.","There are a variety of FCN products that investors can choose from, each offering different returns, risk profiles, and exposure to crypto assets. Right now we have five (5) vaults:","Vault 1: “Cruise Control”","Underlying: BTC-ETH","Price Protection: 90% protected","Quoted APY: 10.47%","Vault 2: “Genesis Basket”","Underlying: BTC-ETH-SOL","Quoted APY: 10.75%","Vault 3: “Gotta Go Fast”","Price Protection: 50% protected","Quoted APY: 109.1%","Vaults 4 and 5 below are exclusively available to Cega NFT holders:","Vault 4: “Insanic”","Underlying: ETH-SOL-AVAX","Quoted APY: 146.62%","Requirements: hold 1 or more NFTs for access","Vault 5: “Solana DeFi Summer” (5 CSS NFTs)","Underlying: SRM-ORCA-SBR","Quoted APY: 353.59%","Requirements: hold 5 or more NFTs for access","Mainnet was an incredible experience because we were finally able to share our product with users!","We grew to $32M+ in TVL despite the bear market and have heard great user feedback so far. We also launched our NFT at mainnet (more on that later) and released a new, limited edition investment vault called “Solana DeFi Summer” just last week!","To get started on Cega mainnet, check that you have the following: (1) Phantom wallet, (2) USDC, and (3) some SOL to pay for transaction fees. Got that? Now you’re ready!","Head over to https://app.cega.fi/ and check out the below:(A) FCN vaults: take a look across vault products and consider which risk/reward profile matches your needs as an investor. All vaults take USDC deposits because this increases yield transparency for users.","(B) Exclusive vaults for NFT holders: do you see a few vaults that are greyed out? Those are vaults that only NFT holders can access. Head to Magic Eden, grab a Cega NFT, and refresh the app to be able to deposit.","(C) Cega knowledge library aka Docs: check out our documentation where we cover the ins-and-outs of exotic options, fixed coupon notes, and more on Cega.","We decided to create an NFT because we wanted to reward our community of super users, nicknamed “Insanics”. As a DeFi protocol, we only wanted to launch an NFT if it would deliver meaningful value and utility for our holders. As much as we love digital JPEGs, we made sure our Cega NFTs could do more.","Cega Super Sanics (CSS) is Cega’s collection of 5,000 utility NFTs — the art for each NFT is unique and generative. CSS NFTs feature nearly 200 variable traits such as eyes, clothing, accessories, and many rare and special details.","1 CSS NFT =","Token airdrop boost for CSS holders who use Cega","Access the highest APY vault on mainnet launch day (CSS holders only)","First access to new product releases and limited trading strategies","Beta access to R&D opportunities and user research","Membership to the #1 community for exotic options experts and fans","Sick CSS swag and merch drops","Tickets to protocol live & digital events…and more!","Right now, if you hold a Cega NFT, you can access two special vaults on mainnet that are exclusive for NFT-holders and offer the highest APY opportunities. If you don’t have any NFTs, head over to Magic Eden and pick one up.","Cega is an actual term in derivatives trading that refers to dCorrelation/dSpot. It’s how much your trade PnL changes based on correlation between assets changing. Cega offers a basket of options so correlation between assets creates a part of the high yield.","The egg emoji was intended to be fun! It sounds similar to “C-egg-a”, and as the saying goes, you don’t want all your eggs in one basket. Get access to superior, diversified investment vaults with Cega.","One of the most searched articles in our Cega FAQ support page is actually about how the founders eat their eggs. Here’s the team’s answers:","Arisa: Onsen 🥚","Winston: Soft Boiled 🥚","Vic: 63C Sous Vide 🥚","Felicia: Sunny-side up 🥚","Cega is pushing the boundaries of DeFi derivatives and innovating. Cega is excited to be the thought leaders of DeFi 3.0, the next evolution in DeFi that allows users to invest responsibly, earn sustainable yield and offer flexibility. Cega is ready to help bring more of these products into the ecosystem. We are super excited to have Pyth be part of our journey as we continue to push innovation in the DeFi space!","We have one major ask for you — try Cega! We stand behind the superior DeFi product we’ve built and can’t wait to hear your thoughts.","Additionally, we’re hiring for a full-stack engineer and institutional salesperson to join the team. If you know anyone great, please send them our way.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-cega-is-here-to-go-even-faster"},"/blog/improving-lending-protocols-with-liquidity-oracles":{"version":1,"title":"Improving Lending Protocols with Liquidity Oracles - Blog - Pyth Network","description":"DeFi lending’s simple price-times-quantity valuation creates solvency risks. Collateral can’t be easily liquidated, leading to protocol losses.","keywords":"","h1":["Improving Lending Protocols with Liquidity Oracles"],"h2":["How Do Lending Protocols Work?","Why Can Liquidations Fail?","Improving Lending Protocols Resiliency","Conclusion"],"h3":["a. Improving Lending Protocols’ Solvency","b. Estimating Market Impact","c . Proposal for a Liquidity Oracle","Reference"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi lending’s simple price-times-quantity valuation creates solvency risks. Collateral can’t be easily liquidated, leading to protocol losses.","New Products","Aug 9, 2022","Decentralized (or DeFi) lending protocols use a simple valuation model to enable users to borrow assets against collateral. These protocols value assets using the simple formula of price times quantity, ignoring the market impact of selling on the asset price.","This simple valuation model creates solvency risks, as large collateral positions cannot be liquidated at the current price. Indeed, multiple lending protocols have experienced losses from these situations.","This post explores this problem and discusses how a liquidity oracle can make lending protocols more resilient.","A decentralized (or DeFi) lending protocol lets users lend and borrow cryptocurrency without going to a centralized intermediary. These protocols allow anyone to deposit collateral tokens, then borrow other tokens against them. Lending protocols use an oracle — a protocol that publishes off-chain information on chain — to continuously value the collateral and the borrow. The oracle publishes the price of each asset, and positions are valued by multiplying price (in USD) and quantity.","The loan-to-value (LTV) ratio is defined as the value of the borrow divided by the value of the collateral; this ratio measures the size of the borrow in terms of the collateral. New loans can only be issued if the LTV is less than a certain ratio (the origination threshold). Once a loan is taken, the LTV evolves with market conditions. If at any time the LTV exceeds a predefined threshold (the liquidation threshold), the position is called undercollateralized and can be liquidated.","Liquidation is a permissionless operation: anyone can repay a portion (typically half) of the loan on behalf of the borrower, obtaining some collateral in exchange. Liquidators receive a liquidation bonus, for example 10% of the value repaid, to incentivize them to perform this task. Liquidations are designed to decrease the loan-to-value ratio of positions or equivalently to decrease the liquidation price to maintain them below the liquidation threshold.","Let’s run through an example to illustrate lending and liquidation mechanisms. Let’s say Alice has 10ETH and wants to borrow USDT on Aave, the largest lending protocol. The origination threshold for ETH is 75%, so Alice can borrow up to 7500 USDT at an ETH price of $1,000 and a USDT price of $1. She borrows the full amount.","Now say the price of ETH falls below $937.5. The liquidation threshold for ETH is 80%, so Alice’s position is now undercollateralized.","A liquidator repays half of Alice’s debt and gets 105% of the repaid value in ETH from Alice’s collateral (5% liquidation bonus). The liquidator pays 3,750 USDT and receives 4.2 ETH. The liquidator has earned a liquidation bonus of 0.2 ETH, worth 187.5 USDT at the current ETH price of 937.5 USDT.","The Alice’s loan is now 3750 USDT, and her collateral 5.8 ETH. Her loan-to-value ratio is now 69%, and her new liquidation price is $808. Note that both her loan-to-value ratio and liquidation price have decreased.","Although this liquidation mechanism appears to be quite robust, it can and has failed in cases. The mechanism depends on liquidators actively liquidating loans before the value of the collateral falls below that of the loan. The liquidation bonus provides an incentive for these liquidators, and the fact that the liquidation threshold is below 100% provides time to act. The appropriate values of these two parameters is a constant debate between security and efficiency for lending protocols. However, despite the careful choice of these parameters, sometimes a liquidation cannot take place before the collateral value falls below that of the loan. In this instance, the protocol is left with bad debt that will never be repaid.","Liquidators want to realize a profit and avoid exposure to asset prices, so they immediately sell the collateral they receive. Typically, liquidators purchase the borrowed asset, liquidate the borrower’s debt in exchange for the collateral, then swap the collateral back to their preferred currency. The collateral swap can happen on-chain or off-chain. Thus, two problems can occur during the process of a liquidation:","Market impact. Placing a large trade moves the market. Market impact quantifies this movement and is defined as the difference between the average price at which one buys or sells an asset and the market price just before the order is filled. The larger the position that needs to be liquidated, the greater the difference between the average fill price and the market price. If the impact is larger than the liquidation bonus, liquidators will not liquidate the position since they cannot realize a profit.","Network issues. On Ethereum, network congestion can lead to transaction fees exceeding the liquidation bonus for small positions. On Solana, because transaction fees are extremely low, liquidators tend to spam the network on large liquidations, which has halted the entire network in the past. In both cases, some undercollateralized positions cannot be liquidated.","To illustrate the issue with market impact, let’s have a look at Alice’s situation when she’s about to be undercollateralized. If selling 4.2 ETH makes the average price go below $890 (market impact larger than $47.5), then liquidators can’t realize a profit. Liquidators will therefore choose not to liquidate Alice’s position, and if the ETH price continues to decline, the lending protocol will have bad debt. Network issues can be illustrated with the “Solend whale” episode: a large position on the Solend platform was nearing the liquidation threshold. In this instance, Solend’s team proposed to their community to temporarily reduce the percentage of the position that could be liquidated in a single transaction from 20% to 1% and to reduce the liquidation bonus from 5% to 2%. They hoped to “reduce liquidator spam while still giving enough of a bonus for liquidators to break even on slippage on decentralized exchanges in case the liquidation happened.”","For network issues, very little can be done by lending protocols besides extraordinary measures like the Solend team took. However, for market impact, improvements to the protocol’s logic can diminish the risk of liquidation failures. These failures occur because lending protocols only account for the best market price, which can differ significantly from the realistic average fill price for large positions. Modeling this difference can reduce the risk of failures.","Lending protocols can reduce the risk of liquidation failures by accounting for market impact. We propose three ways to use market impact to reduce the risk: (1) refined maximum loan size, (2) variable liquidation bonus, and (3) introduction of a risk interest rate. These proposals require the protocol to be able to quantify the market impact, which can be estimated off-chain from exchange liquidity and published on-chain by a liquidity oracle. We also consider some design criteria for this liquidity oracle.","A first improvement is refining the maximum loan size. In current designs, users cannot borrow more than the origination threshold times their collateral value, obtained by multiplying the quantity of collateral by the current oracle price: V = qp. With market impact estimates, this valuation can be refined: V = q(p-I(q)), where I(q) denotes the impact on the price of selling quantity q of the asset. This change reduces the value of large quantities of collateral, which should make it impossible for users to create positions that are too large to liquidate (like the Solend whale). Such positions could still arise, eg. if liquidity shrinks, but at least they cannot be created.","A second improvement is variable liquidation bonuses. If the impact exceeds the liquidation bonus, the position will not be liquidated. So instead of a fixed liquidation bonus, the protocol can adjust the liquidation bonus to handle extremely large collaterals, for example, bonus = max(a, a/2 + I(q)/p) where a is the default protocol-chosen liquidation bonus. I(q)/p is the relative market impact, i.e., the market impact measured as a percentage of the price. This formula increases the size of the liquidation bonus if the relative market impact is large, thereby compensating liquidators for the market impact they will incur when they try to sell the collateral. This approach lessens the probability of liquidation failures for large positions. However, this approach only works to a certain extent: liquidations must decrease the loan-to-value ratio of positions, which sets an upper bound for the liquidation bonus.","Let’s illustrate this second proposal with Alice’s situation. Her loan is 7,500 USDT, her collateral is 10 ETH, and let’s assume the current market price is her liquidation price (1 ETH = $937.5). Let’s say the relative market impact for 4 ETH (worth $3,750 at liquidation price 1 ETH=$937.5) is estimated at 4%. Instead of 5%, the protocol gives the liquidator a 6.5% liquidation bonus per the adjusted formula above. The liquidator pays 3,750 USDT and receives 4.26 ETH. The liquidator receives an extra 0.06 ETH for the liquidation in this case. After liquidation, Alice’s loan is 3,750 USDT, and her collateral 5.74 ETH. Her loan represents 69.7% of her collateral, and her new liquidation price is $817. Note that the loan-to-value ratio and liquidation price have decreased because the liquidation bonus was reasonable, but how large could it have been? If, after liquidation, the loan-to-value ratio must be less than 75% (the origination threshold for ETH), then the maximum bonus is 16.7%. The example shows that variable liquidation bonuses help incentivize large liquidations. However, there is a limit to their effectiveness. In this example, the maximum possible bonus is 16.7%, and the liquidation would fail if that bonus were insufficient to motivate liquidators.","A third proposal is to make borrowers pay interest to the protocol itself — not to the lenders — based on their position’s risk. The risk interest rate would be computed as an increasing function of the relative market impact of the collateral and the distance between the liquidation price and the current market price. One possible formula for this rate is:","where:","i is the instantaneous risk interest rate","C a constant,","I(q) the estimated market impact for the collateral quantity q,","p the current market price,","a the protocol parameter for liquidation bonuses (see second proposal),","pl the liquidation price (necessarily smaller than p)","σ a parameter depending on the volatility of the asset used as collateral.","This formula charges borrowers extra interest when two conditions are satisfied. First, the relative market impact of their position must be large compared to the liquidation bonus. Second, the current market price must be close to their liquidation prices, where the distance measure accounts for asset volatility. When these conditions are satisfied, the protocol is close to a large liquidation event, which creates a solvency risk for the protocol.","In this proposal, borrowers who threaten the protocol’s solvency have to pay extra interest. This (a) seems fair and (b) incentivizes them to manage their position. However, if the position is liquidated, any debt due to the protocol is canceled. In practice, this means liquidation is triggered with a lower loan-to-value ratio: the debt due to the protocol is included for allowing the liquidation but is canceled right after. Canceling this debt allows for a larger liquidation bonus, so the situation is less risky for the protocol. For a given risky position, if market conditions don’t change and the borrower doesn’t modify their position, the liquidation price is constantly increasing. The position will become less and less risky until the moment it is liquidated.","Again, let’s use Alice’s case to illustrate this third proposal. Assume now that Alice has not been liquidated yet and the market price is $950. Her relative market impact for 4 ETH is still estimated at 4%. It is significant (close to the normal 5% liquidation bonus), and Alice is close to being liquidated given the volatility of ETH. Suppose the smart contract uses a 1% per week risk interest. After 9 days, Alice’s debt towards Aave is 100 USDT. Her total debt is now 7,600 USDT, and her position has reached the liquidation threshold. The liquidator would receive a liquidation bonus of 6.5% (again because of the 4% estimated relative impact). At 1 ETH=$950 they pay 3,750 USDT and receive 4.2 ETH. After liquidation, Alice’s loan is 3,750 USDT, and her collateral 5.8 ETH. Her loan represents 68% of her collateral, and her new liquidation price is $808. Importantly, the liquidation price has decreased more than in the previous example, and the liquidation bonus could have been 20% while having a post-loan-to-collateral ratio of 75%. This example illustrates that the risk interest rate helps improve lending protocols’ solvency.","Note that all of these proposals face a potential issue with Sybil attacks: a user can split their large position into many smaller positions at the same liquidation price. If the price drops, all these positions will be liquidated almost simultaneously, resulting in a larger market impact than if positions were liquidated alone. To solve this problem, the impact estimate should also depend on other positions with nearby liquidation prices. Such an impact estimate would make all of the proposals above more robust.","The proposals above require the lending protocol to know the market impact I(q). It turns out that the impact is well-approximated by a linear function of the quantity q, where the slope is inversely proportional to the asset’s liquidity. We define liquidity as the sum of the order sizes in the order book of exchanges where the asset is listed. We can also discuss liquidity on a price range and/or an exchange and/or a trading pair. We also define liquidity intensity as the liquidity on a price range divided by the length of the range. Empirical observations across various cryptocurrencies, marketplaces, days, and market conditions show that market impact is well approximated by a linear function of the quantity sold q. This observation is supported by research like [1]. Equivalently, liquidity intensity l is constant across price ranges, and market impact is simply I(q) = q/2l.","For example, on Binance, the liquidity between mid-price -2% and mid-price + 2% for BTC/USDT on 07/02/2022 is roughly 2,000 BTC. The liquidity intensity is roughly 2 BTC/USDT (because mid-price -2% to mid-price +2% represents approximately 1,000 USDT). The figure below shows the impact for BTC on the same day on Binance. Each curve represents the average of 50 snapshots of the order book at particular moments in time. We plot the moments with maximal and minimal volatility, along with some that are randomly chosen. Note that the slope is roughly 0.25 USDT/BTC, which is consistent with the formula above and a liquidity density of 2 BTC/USDT.","While the plot above averages many moments in time together, the linearity property also holds for individual moments in time. The plot below shows the same function at various randomly chosen single moments in time:","In order for lending protocols to account for market impact, the relevant information must be published on-chain by a liquidity oracle. This oracle aggregates off-chain information about liquidity and makes it available on-chain. We make two proposals for how to build such an oracle.","Both proposals publish the liquidity of an asset (a) between mid-price and mid-price +10% and (b) between mid-price and mid-price -10%. From these two numbers, users can derive the liquidity intensity and market impact, assuming linearity per the section above. The oracles publish separate liquidity values for buying and selling because liquidity is not always symmetric.","The key difficulty in designing this oracle is how to aggregate the information. The ideal solution would be to have a number of publishers report the liquidity of every asset on every exchange. The oracle can robustly combine these liquidity estimates by taking the median, thereby preventing small groups of publishers from manipulating the result. The oracle can then add up the liquidity of the asset across all of its exchanges to create a combined liquidity estimate. (Protocols could also customize which exchanges to rely on in this proposal if they so desired.) Note that this approach gives a lower bound on the total available liquidity, as some exchanges or trading pairs may be missing. The problem with this approach is that it is difficult to scale: it requires tracking every exchange and trading pair for the asset and aggregating that information on-chain at every moment in time.","The second option is to rely on publishers to aggregate across exchanges. Publishers would compute a liquidity estimate across all exchanges they track, then submit that estimate to the on-chain oracle. The oracle could again robustly combine these estimates by taking the median. This approach is simpler but has some issues. First, it requires all of the publishers to have access to the same set of exchanges. Second, it is less transparent — even though the result is correct, it’s not clear how publishers calculated their estimates.","In both of these options, there is a further question of which exchanges and product types should be included in the liquidity calculation. We argue that the oracle should only use liquidity on off-chain exchanges. The problem is that on-chain liquidity is easy to manipulate (e.g., using flash loans). Liquidation bots today typically execute their swaps against on-chain exchanges; however, as these bots become more sophisticated, they will execute against off-chain exchanges as well (and some bots are doing so already). We also argue that the oracle should include futures markets in the liquidity estimates. Futures markets reflect genuine demand for the underlying asset but are more convenient for trading and therefore represent most of the volume.","We have proposed three concrete ways to improve lending protocols’ resiliency using estimates of market impact: capping loan sizes, varying liquidation bonuses, and charging risk interest rates. These three proposals need a liquidity oracle in order to estimate market impact. We additionally made two proposals for how to design a liquidity oracle. Both proposals allow users to estimate the market impact of buying/selling an asset using a simple linear formula. The creation of such an oracle and the implementation of the improvements presented could significantly improve the resilience of lending protocols.","We would love to hear your feedback on this piece! Please feel free to reach out to us in Discord with questions or comments. We’re also considering doing additional similar pieces for other use cases of oracles (such as AMMs) in the future. If you have an interesting use case for us, please let us know!","An Analysis of the Market Risk to Participants in the Compound Protocol, Hsien-Tang Kao, Tarun Chitra, Rei Chiang, John Morrow (Gauntlet research team). Link.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem trough our newsletter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/improving-lending-protocols-with-liquidity-oracles"},"/blog/interview-zeta-markets":{"version":1,"title":"Zeta Markets Shows You the Alpha and Omega | Interview - Blog - Pyth Network","description":"Zeta Markets, a Solana Hackathon winner, is now on the Pyth network, unlocking data for innovative DeFi projects. \n","keywords":"","h1":["Zeta Markets Shows You the Alpha and Omega | Interview"],"h2":[],"h3":["Get Involved"],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Zeta Markets?","How does Zeta use Pyth Price Feeds?","New Underlyings, New Referrals, and More","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Zeta Markets, a Solana Hackathon winner, is now on the Pyth network, unlocking data for innovative DeFi projects.","Interviews","Aug 11, 2022","There’s no network like the Pyth network. Pyth unlocks some of the best data for pioneers, innovators, and thought leaders building on-chain and off-chain. It’s our pleasure to support and build alongside so many talented teams and to highlight their newest launches and debuts.","This week, we’re joined by Zeta Markets, the premier under-collateralized DeFi derivatives platform and 2021 Solana Season Hackathon winner.","Today, Zeta gives us a glimpse into some upcoming features — both some alpha and the omega…","Zeta Markets the premier under-collateralized DeFi derivatives platform, providing liquid derivatives trading to individuals and institutions alike.","Zeta’s mission is to democratise derivatives, allowing anyone and everyone to put their hard-earned money to work by hedging, speculating, or otherwise taking opinions on a limitless variety of market movements.","Zeta FLEX is our options minting and auctioning infra-layer for DeFi enabling any protocol to leverage options. FLEX is already used by Katana, Ribbon Finance and Exotic Markets.","Pyth provides per slot asset price updates for Zeta’s DEX. Up-to-date, low-latency pricing helps us ensure that our on-chain pricing is accurate and that our platform security mechanisms can function as expected (margining system and liquidations).","We also leverage Pyth prices to provide us with settlement prices for our DEX and FLEX options contract expiries for determining payouts and losses for our users.","In the immediate term, we’re shipping Bitcoin and Ethereum assets to DEX — both Options and Futures!","We’re excited as we’re able to scale to more assets with ease once those have been rolled out. Along with this, we’re kicking off our Referral program with very generous rewards (earn 50% off referred users fees!).","Finally, we’re building out trading for one of crypto’s most popular derivatives products. Stay tuned for more news on this coming very soon!","Hop in the Discord and check out our on-going competitions! We’ve given out over $10K in prizes over the past 10 weeks!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-zeta-markets"},"/blog/interview-snowflake":{"version":1,"title":"Don’t Get Cold Feet with Snowflake | Interview - Blog - Pyth Network","description":"Pyth supports innovative teams like Snowflake, a Sol-based multisig automation platform.  We empower pioneers with top data access.","keywords":"","h1":["Don’t Get Cold Feet with Snowflake | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Snowflake?","How does Snowflake use Pyth Price Feeds?","Tools for Treasury: Snowflake and Marinade","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth supports innovative teams like Snowflake, a Sol-based multisig automation platform.  We empower pioneers with top data access.","Interviews","Aug 19, 2022","There’s no network like the Pyth network. Pyth unlocks some of the best data for pioneers, innovators, and thought leaders building on-chain and off-chain. It’s our pleasure to support and build alongside so many talented teams and to highlight their newest launches and debuts.","Everyone member of our ecosystem is special — especially this week’s guest! Today, we’re joined by the Snowflake team, a multisig and on-chain automation platform on Solana.","Snowflake is an institutional-grade multisig wallet and on-chain automation platform built for individuals, DAO’s and teams! Our latest product — Snowflake Safe — is the Gnosis Safe of Solana.","Pyth network allows our platforms to support price-conditional transactions and automation for users. For example, Pyth enables Snowflake to allow users to purchase a token when it falls above or below a certain price — in other words, executing an on-chain limit order. This automation is available directly from Snowflake Safe multisig on Solana.","Snowflake Safe offers unparalleled features for users to securely store and manage their treasury via a multisig. Through Snowflake, teams are already able to lend, swap and borrow tokens directly from our multisig platform. We’ve just launched our integration with Marinade Finance to allow users to stake their SOL to earn yield on idle tokens stored within their treasury.","That said, this is just the beginning — we’re releasing new features and integrations every week. Soon you will be able to receive notifications of transactions from your safe, pay with an integrated privacy layer and invest into a range of asset management products powered by some of the largest platforms on Solana.","Teams can visit Snowflake to create a secure multisig with just a few clicks.","Follow us on Twitter and Discord to keep track of all the latest news and releases.","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-snowflake"},"/blog/pythiad-to-lifinity-and-beyond":{"version":1,"title":"To Lifinity and Beyond | Interview - Blog - Pyth Network","description":"DeFi needs liquidity like markets do! Lifinity's Pyth platform empowers innovative market structures for efficient decentralized finance.","keywords":"","h1":["To Lifinity and Beyond | Interview"],"h2":[],"h3":[],"h4":["Let’s start things off easy. What is Lifinity?","Who is Lifinity? What’s the founding story?","There’s a few acronyms going on! From CPMM to CLMM . What are they?","Market Making as a Service (MMaaS)! We tip our hats off to you as fellow infrastructure providers. Who’s the main beneficiaries of MMaaS?","New pools on the regular! SOL-UXD, stSOL-USDC, mSOL-USDC, and now LFNTY-xLFNTY! What’s next?","Tell us more about the Lifinity Flares and what else we should expect!","What’s in a name? Tell us about the name ‘Lifinity’?","Any final words for our readers?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi needs liquidity like markets do! Lifinity's Pyth platform empowers innovative market structures for efficient decentralized finance.","Interviews","Aug 12, 2022","What is DeFi without market making? Liquidity is the lifeblood of traditional markets. The same principle holds for decentralized finance: minimizing price impact and funding shortfalls (concepts which go hand in hand) is a critical requirement for functioning markets, whether you’re trading on AMM’s or order books.","In this spirit, it is always a pleasure and honor to empower innovations in market structure: Lifinity is a quintessential example of how Pyth allows builders to trailblaze and create smarter markets.","Lifinity is the first proactive market maker on Solana designed to improve capital efficiency and reduce impermanent loss. The magic is made possible thanks to Pyth’s low-latency and informative pricing data. This week, we’re joined by the Lifinity team for a deep product dive and glimpse into the origin of the Lifinity initiative.","Lifinity is the first proactive market maker on Solana designed to improve capital efficiency and reduce impermanent loss (IL).","While most AMMs price their assets based primarily on the balance of assets in their pools, we use Pyth’s oracles as our key pricing mechanism, and this is precisely what enables us to be extremely capital efficient and avoid IL!","Lifinity is currently composed of four core team members and two community contributors!","Last year Luffy, one of our founders, built a farming bot for Raydium. Since providing liquidity is essentially going long assets and short volatility, he figured that a stable profit could be generated if liquidity was only provided during times of low volatility (to avoid IL). This is where he got the idea for Lifinity, and he eventually turned the strategy into a DEX.","Constant Product Market Makers (CPMM’s) are nice in that they are able to provide liquidity at any price point from zero to infinity. The downside is that they require a ton of liquidity for slippage to be minimal.","Concentrated Liquidity Market Makers (CLMM’s) seek to solve this capital inefficiency by concentrating liquidity within a limited range. While this enables slippage to be reduced for traders with less liquidity provided, it requires liquidity providers to select and manage the ranges in which they provide liquidity, and it magnifies the risk of IL.","Lifinity improves on these existing models by concentrating around Pyth’s oracle price. This removes the need to manage positions since the protocol automatically selects the price range while simultaneously reducing IL by removing the reliance on arbitrageurs to adjust the pool’s prices! In the best case, this even reverses IL, generating a profit from market making by buying low and selling high (before trading fees)!","Protocols may want to provide liquidity for their own assets, but CPMM’s are too inefficient and require too much capital, while CLMM’s essentially require you to be a professional market maker.","In our MMaaS, we provide the market making infrastructure (including custom oracles) for protocols to be able to provide highly concentrated liquidity without having to worry about IL. We also have Liquidity as a Service (LaaS), where we also provide the liquidity in exchange for compensation that is passed onto our token holders.","The protocols that can benefit most from MMaaS are those which have assets that they can use to provide liquidity, but for pools which would normally require significant liquidity mining rewards to incentivize meaningful levels of liquidity. Alternatively, LaaS provides protocols that are unable to provide liquidity themselves with a way to more efficiently incentivize deep liquidity.","The first three pools you mentioned are actually MMaaS and LaaS partnerships! We plan to open more MMaaS and LaaS pools according to demand, along with standard pools for depositing protocol-owned liquidity or ones that are open to the public.","Because we are focused on profitability rather than TVL or volume, we only create new pools if we can reasonably expect them to be profitable. This usually means that their Pyth price feed must be based on robust trading data on CEX’s and that there is sufficient volume on DEX’s, among other factors.","Trading volumes are relatively low given the bear market we are in, and this limits the number of viable pools. We are currently working on a new method of market making that will vastly expand the pools that we will be able to profitably provide liquidity to, so stay tuned!","Flares were our way of bootstrapping liquidity for our liquidity pools to demonstrate that our market making method worked at scale!","The team didn’t take profit from this project in any way; all value created has and continues to go to Flare holders alone.","When we first opened our pools for deposits, we limited it to those who had signed up for our whitelist months prior and received an Igniter LP Pass.","Finally, we distributed Lifinity veIDO Firestarters to everyone who participated in our veIDO. (Can you find the Pyth logo?)","We don’t have any plans for new NFTs at the moment, but Flares played a pivotal role in bootstrapping our community and our community has always enjoyed receiving surprise NFTs, so we’re always keeping an eye out for new opportunities!","The name Lifinity comes from the words “liquidity” and “infinity”. By proactively market making, we aim to provide virtually infinite liquidity!","We hugely benefit from Pyth’s oracle, perhaps more than any other protocol on Solana right now, so…we love you, Pyth!","If you’re interested in learning more about Lifinity, we recommend you join our community on Discord. It’s the best launch point for finding any information regarding Lifinity, and everyone is always happy to answer questions. Hope to see you there!","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join the Telegram to learn more and ask any questions you may have. You can also learn more here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-to-lifinity-and-beyond"},"/blog/new-pyth-data-provider-altonomy":{"version":1,"title":"New Pyth Data Provider: Altonomy - Blog - Pyth Network","description":"Pyth Network welcomes Altonomy, a leading crypto trading firm, to enhance its price data offerings with proprietary trading strategies.","keywords":"","h1":["New Pyth Data Provider: Altonomy"],"h2":["Who is Altonomy?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Altonomy, a leading crypto trading firm, to enhance its price data offerings with proprietary trading strategies.","Data Providers","Aug 23, 2022","We are very pleased to welcome Altonomy, a world’s leading trading and asset management firm in the crypto space, to the Pyth Network. Altonomy will contribute its first-party price data from its own proprietary trading strategies for digital assets.","Altonomy is a proprietary trading firm specializing in cryptocurrencies with internal capital northwards of $500 million.","Altonomy was founded in 2018 and is headquartered in Singapore with a global footprint.","Altonomy joins a growing roster of over 65 data publishers including top trading firms, exchanges, and crypto companies, all publishing their first-party price data to the network. Pyth aggregates this information directly on-chain and today supports equities, FX, and metals, alongside the crypto data. This information is being consumed by the top protocols and projects in DeFi, as well as several other core off-chain platforms. Natively built on Solana, Pyth recently announced its upcoming support of the BNB Chain as well as its own independent underlying codebase, Pythnet, to allow Pyth to scale across all layer ones through the bridging protocol, Wormhole.","“The market data infrastructure Pyth is providing to the industry is essential. For us to contribute to the effective pricing of various cryptocurrency assets, Pyth provides a great platform to engage and make sure traders are aligned,” said Ricky Li, co-founder of Altonomy. “We believe in collaboration among the most active traders to achieve effective pricing. Pyth provides us the platform to materialize that vision. We are certainly glad to be part of this community”","“This partnership between Pyth and Altonomy is another step forward in the project’s mission to become a core infrastructure layer for DeFi and Web3. Altonomy’s key focus points on trading, technology, and research closely align with our pillars at Jump Crypto, and we look forward to working alongside this great team on Pyth,” said Stephen Kaminsky, Special Projects at Jump.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Altonomy","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-altonomy"},"/blog/interview-dual-finance":{"version":1,"title":"Dual Finance  Brings The Alpha and Gamma | Interview - Blog - Pyth Network","description":"Pyth unlocks financial data for innovators, enabling exploration of market dynamics & supporting groundbreaking projects.","keywords":"","h1":["Dual Finance  Brings The Alpha and Gamma | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is Dual Finance?","How does Dual Finance use Pyth Price Feeds?","A New Risk Manager","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Don’t Get Cold Feet with Snowflake | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth unlocks financial data for innovators, enabling exploration of market dynamics & supporting groundbreaking projects.","Interviews","Aug 29, 2022","There’s no network like the Pyth network. Pyth unlocks financial market data for pioneers, innovators, and thought leaders building on-chain and off-chain. It’s our pleasure to empower so many talented teams and highlight their newest launches and debuts.","Do you know of the dual nature of finance? There exists a binary balance between opposites; bull or bear markets, hawkish or dovish policy, winning or losing trading, which can be unlocked and amplified by leveraging derivatives in time and volatility space, rather than purely price.","Who better to consult on this topic than Dual Finance, the team designing sustainable structured products to re-incentivize Web3 communities?","Dual Finance is designing the next generation of sustainable structured products to incentivize Web3 communities.","Dual Finance’s flagship product, Dual Investment Pools (DIPs), leapfrogs Decentralized Option Vaults (DOVs) in execution and user experience. DIPs allow customized and fully controlled option yield strategies for token holders. Dual Finance is able to offer these products in a more competitive, capital-efficient, and risk neutral manner via live streaming prices, rehypothecated collateral, and a novel staking offering. Select your risk appetite, stake BTC, ETH or SOL and get paid immediately with Dual Finance!","Dual Finance extends its product offering to other projects and communities through Staking Options. This groundbreaking structured incentive better aligns decentralized communities to collaborate for the benefit of a project. Staking Options force token supply to unlock only when the project’s goals are met and the price supports it. No more rewards in tokens, but options on tokens!","Goodbye inflationary death spirals. Hello, sustainable token incentives!","Dual Finance leverages Pyth prices to be able to continuously stream DIP liquidity and select strikes for Staking Options! The Backstop Volatility Engine manages DIP pricing and unlocks the ability to bootstrap illiquid crypto options markets by inputting Pyth price. Setting strike prices referencing Pyth is vital to design dynamic incentive programs for projects using Staking Options.","Dual Finance has developed a community-owned, open-source Risk Manager program for any protocol DIP positions.","This program deploys a trading strategy called gamma scalping using Pyth pricing on Mango Markets. For the first time in the history of crypto, communities can participate in automated options risk management strategy. Gamma scalping is configurable through governance and puts to work capital from the treasury for the benefit of its token holders while increasing liquidity of its own product offering.","For in depth coverage of the internal functioning of the Risk Manager program, please see here.","Dual Finance plans to launch the DUAL token in the coming months! You can trial DIPs for yourself in limited sizes today on Solana mainnet. For detailed reads on any of their upcoming plans please see their blog. For more condensed information follow their Twitter.","Dual Finance’s Kick-Off Townhall will be hosted tomorrow, August 30th, 2022 at 8:30pm on Discord to cover structured product basics, launch plans and its decentralized risk management framework!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 19, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-dual-finance"},"/blog/pyth-monthly-update-august-2022":{"version":1,"title":"Pyth Network Monthly Update | August 2022 - Blog - Pyth Network","description":"Pyth’s growth continues with Pythnet, scaling offerings 20x and expanding price feeds via Wormhole. A challenging, “odd uneven time.”","keywords":"","h1":["Pyth Network Monthly Update | August 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth’s growth continues with Pythnet, scaling offerings 20x and expanding price feeds via Wormhole. A challenging, “odd uneven time.”","Updates","Aug 31, 2022","“August rain: the best of the summer gone, and the new fall not yet born. The odd uneven time” – Sylvia Plath","What is odd about this uneven time is Pyth’s ever-increasing output. This month, Pyth introduced a new environment: Pythnet. This new network will allow Pyth to scale its important offerings by 20x! That means more price feeds (DOW 30 incoming), and especially more chains supported, courtesy of Wormhole.","As always, you could find the Pyth team worldwide across all the Solana Hacker Houses, from Seoul to Stockholm. The next convergence point? xHack by Wormhole in Chicago. In the meanwhile, the Pythian community has been on a roll: celebrating Pyth’s 1 year anniversary on Solana mainnet, new art galore, and a full-colored comic strip featuring Pythia herself!","Altonomy, a leading trading and asset management firm in the crypto space, joins Pyth!","OptiFi integrates with Pyth!","Pyth at Wormhole xHack","Kamino Finance goes live on mainnet (#PoweredByPyth)!","Introducing Pythnet!","Pyth (and Pythnet) to support DOW30!","Silver ($XAG) is now available on Pyth!","Solend releases Permissionless Pools (#PoweredByPyth)","Improving Lending Protocols with Liquidity Oracles","Squads V3 is out (#PoweredByPyth)","Xenon Protocol goes live on mainnet (#PoweredByPyth)","Friktion surpasses $2.5B in options traded (#PoweredByPyth)","Zeta Markets releases $BTC and $ETH futures and options (#PoweredByPyth)","Pyth website now supports 1-hour window on its charts!","Pyth celebrates its 1 Year Mainnet Anniversary! Pyth has been empowering an entire ecosystem of on-chain and off-chain applications for more than a year now!","Alpha League Racing Tournament (sponsored by Pyth and Jump) at Solana Stockholm Hacker House","Twitter Spaces with Star Atlas, Human Protocol, DeltaFi and OptiFi","DeFi Panel at Solana Seoul Hacker House","Drift x Pyth Trading Cocktails in Seoul","Wormhole turns one year old!","Don’t get split by the $TSLA stock split!","Pythian Art Contest: IKIGAI or Pyth x Anime","Who’s #PoweredByPyth? Pythiad interviews with Cega, Lifinity, and Friktion","What are your favorite apps up to? Confidentia features Port Finance, Zeta Markets, Dual Finance, and Snowflake","Pyth Intern Thread on WTF is Latency?","Pyth Intern Thread on Liquidity Oracles","Pyth Crash Course (you can get your POAP!) by Ahmad Mardeni!","#KnowTheFlow with Pyth and SHIFT Search","A sweet and pithy explainer video courtesy of the Oasians!","Analysis Article on Pyth by the Oasians","New comic strips: the journeys of Pythia, harbinger of data and unifier of the markets (by Pythians Naive and Vexter!)","Pyth Intern adopts a new look!","Pyth Network Deep Dive by Pythian Serotonin Juice","Understanding Blockchain Oracles by Pythians Naive and Vexter","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-august-2022"},"/blog/interview-deltafi":{"version":1,"title":"DeltaFi Connects with Zeus — or Jupiter | Interview - Blog - Pyth Network","description":"Pyth empowers financial innovators with secure market data, fostering a better future for oracles and finance.\n","keywords":"","h1":["DeltaFi Connects with Zeus — or Jupiter | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is DeltaFi?","How does DeltaFi use Pyth Price Feeds?","Jupiter's Up Next","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth empowers financial innovators with secure market data, fostering a better future for oracles and finance.","Interviews","Sep 6, 2022","There’s no network like the Pyth network. Pyth unlocks financial market data for pioneers, innovators, and thought leaders building on-chain and off-chain. It’s our pleasure to empower so many talented teams and highlight their newest launches and debuts.","We here at Pyth believe in a better way: a better way to build an oracle, a better way to build the future of finance. We’re honored to share these values with teams like DeltaFi who are pushing the frontiers of DeFi.","DeltaFi’s mission is simple: to be the most efficient DEX and offer sustainable yields through real-time oracles. Next on their roadmap? Critical integrations for an even better trading experience…","DeltaFi seeks to build the world’s “most efficient automated market maker” on Solana through an innovative AMM design. DeltaFi’s vision is to provide traders, LPs, and professional market makers with an optimal user experience.","To do this, DeltaFi introduces a pricing algorithm using external market (oracle) data and internal market data (DeltaFi fills and recent trades) coupled with a predictive bond curve. The predictive bond algorithm maintains a fixed ratio between base and quote tokens in the pool by incentivizing users to swap in a desirable direction to keep the pool in a balanced state!","The result? An intelligent AMM model that is more efficient, has bounded liquidity risks, and offers personalized pools and cross-chain capability.","DeltaFi’s new AMM leverages Pyth’s real-time prices to close the price gap with other crypto exchanges by minimizing divergent loss to liquidity providers. More specifically, DeltaFi uses Pyth data to set the fair market price for the predictive bond curve.","We are excited to announce our Jupiter Aggregator integration in the coming weeks to offer our users the best price swaps for any assets on Solana!","We are also working on our new liquidity mining program to increase our current liquidity pool.","Finally, we are continuing to build our cross-chain swap capabilities through Wormhole, which will be offered in the near future. Stay tuned!","You can earn 5% of your friends’ yields from trade farming and liquidity mining through our Referral Program by simply sharing your referral link to friends and followers!","We will also be collaborating with the Solana community and hosting AMA’s to give everyone a chance to learn more about DeltaFi and answer questions.","Don’t forget to join us on Twitter and Discord to receive the latest updates on our releases and AMA events.","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 14, 2022","Aug 29, 2022","Aug 19, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-deltafi"},"/blog/pyth-publisher-series-flow-traders":{"version":1,"title":"Pyth Publisher Series: Flow Traders - Blog - Pyth Network","description":"Pyth expands with publisher partners! Hear inspiring stories from Jump Crypto & Michael Lie about the future of data collaboration.","keywords":"","h1":["Pyth Publisher Series: Flow Traders"],"h2":["Interview"],"h3":[],"h4":["Why did your company join Pyth as a data provider in the first place?","What about DeFi and the broader oracle landscape is most compelling to you?","How does Pyth factor into your market data and/or crypto strategy?","What are your views for the future of DeFi and/or oracle solutions in general? What would you like to see?","What are your thoughts on the current state of blockchain technology?","How do you see the continuous evolution of CeFi vs DeFi and TradFi vs DeFi?","Similar stories"],"h5":["Pyth Publisher Series: XR Trading","Pyth Publisher Series: D2X","Pyth Publisher Series: Galaxy Digital"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands with publisher partners! Hear inspiring stories from Jump Crypto & Michael Lie about the future of data collaboration.","Publisher Series","Sep 20, 2022","We are thrilled to announce a new series of conversations with some of our close partners in the publisher community!","Pyth has garnered interest across the crypto world as well as the traditional finance ecosystem. Now with more than 65 data publishers onboarded, we are beyond excited to share some of the stories that have motivated, and continue to inspire, their participation in Pyth.","In this first discussion, we hear from Stephen Kaminsky at Jump Crypto, who asks questions to Michael Lie at Flow Traders, two of our data contributors. Flow Traders is one of Pyth’s data publishers specializing in Exchange Traded Products (ETPs), and it has contributed its digital assets data since the network was still in its infancy last year. Here’s how the conversation went.","Flow Traders is a long-standing supporter of initiatives that leverage enhanced technology to move market structure forward, and Pyth is doing exactly that. The project will not only improve the accuracy and quality of market data on-chain by aggregating actively contributing institutions but also seek to democratize this data for interesting use cases off-chain.","Flow Traders Capital makes minority investments in early-stage ventures with an emphasis on the development of platforms, data, and connectivity. We focus on areas where we see a clear strategic fit with Flow Traders, by for example, providing liquidity and being an active user of their platform. Through our strategic investments, we support the development of financial markets infrastructure, and we believe DeFi can improve access to and increase transparency in financial markets. With regards to data specially, we can play an active and supportive role by providing high-quality data, which is key to the correct functioning of decentralized applications, hence our enthusiasm for what the Pyth team is building.","We believe that this will help to establish greater efficiency and transparency in the markets, in line with Flow Traders’ longstanding beliefs.","The permissionless and trustless nature of blockchain is why this technology can have such a big impact on the financial market. These advantages will allow finance to be accessible to anyone and can make markets more transparent and efficient, which will benefit the end user, both on-chain and off-chain. Oracle solutions will play an important role in this ecosystem, given the need for reliable, fast, and transparent data for these protocols to operate. Given the large number of applications of DeFi, we see oracle solutions to start specializing in specific use cases like speed and transparency.","We believe we are in the early stages of blockchain technology, as the underlying infrastructure is still constantly evolving. We note that blockchain as an innovation, has already made an impact on the financial industry, and we are an active user of DeFi applications. What we see now is that the potential use cases are evolving to industries like software development.","It likely will take some time before DeFi will be widely adopted, and a regulatory framework will be one of the major accelerators for this to happen. In the meantime, the potential of DeFi will become more apparent as projects continue to innovate. In the end, it is we expect that it’s not a matter of CeFi vs DeFi, but that the financial markets will combine the best of both CeFi and DeFi together.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Dec 7, 2022","Nov 21, 2022","Oct 28, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-publisher-series-flow-traders"},"/blog/pythiad-a-brighter-future-with-neon-labs":{"version":1,"title":"A Brighter Future with Neon Labs | Interview - Blog - Pyth Network","description":"Maximize your crypto gains by strategically investing in Bitcoin and Ethereum, the leading blockchain networks for growth and innovation.","keywords":"","h1":["A Brighter Future with Neon Labs | Interview"],"h2":[],"h3":[],"h4":["Let’s start things off easy. What is Neon Labs?","Can you go into more detail on “Ethereum Virtual Machine” with “the scalability and liquidity of Solana”? How does this work behind the scenes?","Many people often pit the Solana and Ethereum blockchains against each other, as if they are rivals. Do you agree with this view? How do you see builders utilizing Neon EVM?","You’re on the Alpha stage of your roadmap. What does that entail, and what should we look forward to next?","Neon EVM brings Pyth data, efficient app querying from The Graph, a new faucet, and more. What other firepower do you bring to Ethereum builders?","What’s up next for the Neon Labs community?","Any final words to the reader?","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","DFlow is Changing the Flow  | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Maximize your crypto gains by strategically investing in Bitcoin and Ethereum, the leading blockchain networks for growth and innovation.","Interviews","Sep 14, 2022","“Grow with the best two chains”. More exciting words have never been said. Pyth has set its sights on a multi-chain vision since day one: a world where every price feed is unlocked for every chain and every application, no matter where you are.","In this vein, we are excited to sit down with the Neon Labs team and discuss their Ethereum virtual machine on Solana.","Neon enables dApp developers to use Ethereum tooling to scale and get access to Solana. Transactions on Neon are executed by Solana as native transactions, meaning in parallel, while restricting access to shared data from the Solana state. This is what allows for fast throughput and low gas prices","Pyth network provides blockchains with real-time on-chain market data, allowing for accurate and real-time asset pricing on the Neon EVM. Join us on our deep dive with the Neon team to better understand the sheer power they’re unlocking for a better way to DeFi.","Neon EVM is an EVM-compatibility solution for the Solana blockchain. The tool allows Ethereum-like transactions to be processed on Solana, allowing Ethereum dApp developers to leverage their knowledge of Solidity, developer tooling, and existing codebases to scale with Solana, allowing dApps take advantage of the best features from both blockchains!","The neon core concept was thought up together by Anatoly Yakovenko, Andrey Falaleyev, and Marina Guryeva. In late 2020 or early 2021, the Neon whitepaper was released, and development has since been in progress.","Neon EVM will open up the ecosystem of Ethereum dApps to Solana’s capabilities without any code or configuration changes: the applications can be copied over directly to Solana via Neon EVM. The user experience is also completely preserved. Everything including the wallets used are the same as a native Ethereum environment. The major difference is that users and dApps will enjoy much faster and cheaper transactions, allowing for massive scaling potential.","As for creating new dApps on Solana, Ethereum developers won’t need to learn Rust and they can stick with Solidity. Neon EVM offers a complete environment for applications to be built from the ground up with Solidity!","Architecturally, there are a few components to note: Neon EVM smart contract (smart contract on Solana), Neon Proxy, Neon Operator.","Ethereum-like transactions going through Neon EVM, called Neon Transactions, are used as inputs for the targeted Neon Clients. (A Neon Client is a Solidity dApp deployed through Neon EVM). The Neon Transactions are facilitated with the help of the Neon Web3 Proxy and Neon Operators. These two components aren’t mandatory but they make the experience seamless for the user. They don’t need to worry about the underlying Solana transaction(s) behind the Neon transactions.","Any tokens transferred to Neon EVM through a bridge from Ethereum are stored on Solana as SPL tokens. Tokens issued/minted by Neon Clients on Neon EVM are first wrapped into SPL tokens via an ERC-20 bridge and then stored on the Solana blockchain. All arbitrary information produced during a transaction is stored on Solana as well. With the use of blockchain bridges, assets produced by Neon Clients can be transferred between the Ethereum and Solana blockchains. Neon EVM users will be able to take full advantage of Solana’s transactional advantages and have the freedom to store their assets wherever they want.","We believe that Web 3 is heading towards a cross chain future. We see builders using Neon EVM to scale mature Ethereum dApps to handle larger user bases and transaction volumes. Currently, we see that upticks in adoption results in slower transactions and higher fees due to increased volume. These symptoms of rapid adoption are the characteristics that drive adoption down. With Neon EVM, this can be avoided as Solana’s network can be leveraged. Once users are onboarded to the dApps via Neon EVM, the assets they have can be brought back to the broader Ethereum ecosystem.","The objective of the Alpha stage of Neon EVM is to demonstrate platform stability to the community. A key component of this phase is to identify any unknown issues and scenarios that may cause transactions to fail. The Alpha will be driven by the deployment of dApps on Neon EVM. The usage of and interaction with these dApps will give us a better understanding of how the EVM performs in practice.","Following a successful Neon EVM Alpha phase and transition to Mainnet Beta, our integration roadmap is focused on delivering key Web3 building blocks like The Graph and others. On the product roadmap side, Neon is entirely focused on integrating tightly with Solana programs, meaning the ability to read/write between contracts deployed on Neon EVM and Solana natively to enable composability and a merging of two ecosystems. These additional stages will further mature the Neon EVM platform by enabling access to a broader spectrum of use cases, liquidity, and users.","As for initial ecosystem infrastructure, developers and users will also be able to transfer SPL and ERC-20 tokens between Solana and Neon EVM using NeonPass and swap supported ERC-20 tokens (USDT, USDC, wETH, wSOL, NEON) using MoraSwap (Neon’s first AMM). Additionally, all transaction details will be available on NeonScan and the Aleph Indexing Dashboard. Wallets such as MetaMask will also be supported.","Developers will also have access to the QueryAccount library and Tracing API.","QueryAccount is a low-level Solidity library that provides developers with standardized functions to retrieve on-chain information, such as price feeds, for use on their Neon EVM dApps.","Tracing API gives developers a full externality trace on any transaction executed on the chain. They’ll be able to rerun historic transactions, run new transactions on historic states, and analyze the state of the blockchain after the execution of each instruction. The goal of the Tracing API is to help developers better test, debug, and understand their smart contracts on the Neon EVM.","Neon Labs has attended a variety of events throughout the summer and hopes to continue the trend into the fall.","We’ve met some great community members recently at the Seoul Hacker House, ETHSeoul, Korea Blockchain Week, EthCC, Barcelona Hacker House, Belgrade Hacker House, and others.","As long as there is a demand for more workshops and Neon Hackathons, we’ll keep hosting!","Keep up with the latest Neon developments by connecting with the team on Twitter, GitHub, YouTube, and Discord. If you have feedback regarding the newsletter, please don’t hesitate to reach out.","If you’re interested in shaping the future of blockchains and the web3.0 ecosystem, we’re hiring. Check out our full job board on our Careers page.","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 1, 2023","Sep 30, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythiad-a-brighter-future-with-neon-labs"},"/blog/new-pyth-data-provider-scrypt-digital":{"version":1,"title":"New Pyth Data Provider: SCRYPT Digital - Blog - Pyth Network","description":"Pyth Network welcomes SCRYPT Digital, a Swiss-regulated liquidity provider, to share proprietary digital asset market data. \n","keywords":"","h1":["New Pyth Data Provider: SCRYPT Digital"],"h2":["Who is SCRYPT Digital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes SCRYPT Digital, a Swiss-regulated liquidity provider, to share proprietary digital asset market data.","Data Providers","Sep 15, 2022","We are proud to welcome SCRYPT Digital, a leading crypto-native Swiss-regulated institutional liquidity provider, to the Pyth Network. SCRYPT Digital will publish its proprietary market data for digital assets to the network.","SCRYPT Digital is a Swiss-regulated company offering a single point of access into digital assets.","Through partnerships with leading providers, SCRYPT Digital offers a complete best-in-class suite of services to institutions, including execution, custody, staking, market making, and investment services.","\"Institutional adoption of Digital Assets is well underway, and the same interest is now being geared towards DeFi,\" said Norman Wooding, founder and CEO of SCRYPT Digital. \"This partnership demonstrates the strength of SCRYPT Digital’s institutional offering and resolve in bridging the gap between ‘TradFi’ and ‘DeFi’, with the further advancement of critical DeFi infrastructure having the potential to unlock greater efficiency and transparency in financial systems.","\"Recognising the value of technology as a catalyst for more efficient and transparent financial markets, we see this integration as a strategic fit, and as innovators supporting innovators, jointly pushing boundaries and addressing inefficiencies in the Digital Asset industry.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about SCRYPT Digital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-scrypt-digital"},"/blog/new-pyth-data-provider-d2x":{"version":1,"title":"New Pyth Data Provider: D2X - Blog - Pyth Network","description":"Pyth welcomes D2X, a European digital derivatives exchange, boosting DeFi with its crypto price data and supporting institutional adoption.","keywords":"","h1":["New Pyth Data Provider: D2X"],"h2":["Who is D2X?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth welcomes D2X, a European digital derivatives exchange, boosting DeFi with its crypto price data and supporting institutional adoption.","Data Providers","Sep 16, 2022","We are happy to welcome D2X, a European digital derivatives exchange, to the Pyth network. D2X will contribute its first-party crypto price data to the network, adding value to the DeFi community Pyth helps support.","D2X plans to be the first institutional-grade and regulated derivatives exchange for digital assets in Europe. Its strong trading interface and capital-efficient risk management will allow institutions to adopt the asset class through cash-settled derivatives.","D2X was founded in 2020 in Amsterdam with a simple idea: providing financial institutions with capital-efficient and clean exposure to the asset class while mitigating operational and regulatory risks.","\"D2X is very excited to get involved with Pyth’s game-changing oracle network and become a core data provider for BTC and ETH prices initially,\" said D2X’s CEO and Co-Founder Theodore Rozencwajg. \"This partnership is a great way to serve our mission to bridge TradFi and the world of digital assets.\"","\"D2X joins a strong roster of nearly 70 first-party data providers, but their unique position as a regulated derivatives exchange in Europe will make them a terrific addition to the community. We look forward to working alongside them on this growing project,\" said Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading firms helping to support the Pyth Network.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about D2X","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-d2x"},"/blog/xhack-by-wormhole-meet-pyth-the-pit":{"version":1,"title":"xHack by Wormhole: Meet Pyth @ The Pit - Blog - Pyth Network","description":"Pyth & Wormhole xHack: A month-long cross-chain hackathon launching Sept 26th! Build with Pyth data & win $10K. Expanding cross-chain is key.","keywords":"","h1":["xHack by Wormhole: Meet Pyth @ The Pit"],"h2":["xHack Calendar","Pyth xBounty","Pyth xChain Code Guide"],"h3":["xHack Grand Winners: End of October, Early November","Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth & Wormhole xHack: A month-long cross-chain hackathon launching Sept 26th! Build with Pyth data & win $10K. Expanding cross-chain is key.","Events","Sep 23, 2022","Expanding cross-chain has been a core tenet of Pyth’s vision since day one.","In this spirit, we are excited to invite the developer community to xHack by Wormhole at The Pit: a Chicago-based cross-chain hackathon running from September 26th to October 21st.","We’re all in this together. You can look forward to Pyth workshops, educational seminars, and a $10K bounty for building cross-chain with Pyth data!","The xHack month-long hackathon is the first of its kind: builders from 15 different chains will come together and hack away. With the recent launch of Pythnet, xHack by Wormhole came at the perfect time.","xHack will take place at The Pit in Chicago (600 W Chicago Ave) from September 26 to October 21.","xHack will be segmented into 4 different weeks, each week with its own educational focus. The curriculum includes seminars and workshops dedicated to Pyth. Let’s take a look at the program!","Week 1: Where Are We Today?","The program kicks off with Wormhole’s monumental progress.","Event topics:","“What Exists Right Now?”","“Is There Such Thing as Too Much DeFi?”","“How to Build xApps”","“Building True xChain Utility”","Michael Cahill, a director at the Pyth Data Association, will deliver a keynote on September 27th. Come catch the Cahill and listen in on the Pyth vision and upcoming developments!","Week 2: Cross-Chain Infrastructure","This track will focus on the nuts and the bolts behind the xChain world.","Guest speakers will include RPC node providers and Wormhole Guardians covering:","xApps","xDEXs","xGovernance","On October 5th, Guillermo Bescos, a Pyth contributor, will lead our 1st Pyth-related technical talk. The general topic will be Pyth: a Cross-Chain App, with a focus on the architecture of a cross-chain app and a live demo of Pyth data flowing to a receiver chain.","Week 3: Prod Dev for Devs","“Marketing and PR Help”","“Trading and Liquidity Primers”","“Tokenomics Best Practices and Theory”","“Testing and Rollout Plans”","Pyth’s core contributors are dedicated to making xPyth a reality and for it to happen, users need to understand it inside out. Thus, our second technical talk at xHack (12th October) will be a deep dive into Pyth tech and the lessons we learned while building on Wormhole. Led by Ali Behjati, a Pyth contributor, you will learn how we do testing, governance, reliability, and tooling of our cross-chain components.","Week 4: The Future","The final week focuses on the next generation of building.","“Where Does xChain Go from Here?”","“Backpack, xNFTs, and the Next Gen”","“xPloring Gaming and Hardware Apps”","“What Is Holding Us Back?”.","Our last Pyth talk will be done by Saeed Badreg, a Pyth contributor, on October 19th. The focus will be about the future of DeFi and how both Pyth and Wormhole will play a role.","Once xHack concludes, we will review all projects that have integrated the Pyth price feeds cross-chain and reveal the Pyth xBounty winner by the end of October or early November.","Take fate into your own hands. See below for details on the Pyth xBounty.","Since its inception, Pyth has been an active hackathon supporter. Congratulations once again to the winners of the Pyth tracks at Solana Season, Ignition, Riptide, and Convergence!","It is always an honor to inspire and empower new developers building the future of decentralized finance.","For xHack by Wormhole, we are offering a $10K Pyth prize bounty for the team which best incorporates Pyth data in their xChain submission!","Rules","Your xApp must read the Pyth price feeds (from Pythnet) and make those available on your xChains of interest. From there, your xApp will be #PoweredByPyth!","The more chains, the better","Submission Details","Submissions to the Pyth xBounty should be made into the Pyth Discord, in the #showcase dedicated channel. We will, of course, be on-site during xHack to not miss any hackers building upon the Pyth price feeds cross-chain.","We provide a variety of SDKs for consuming Pyth price feeds for on-chain and off-chain applications.","For on-chain programs: There is a Pyth program deployed on each chain that stores all of Pyth’s price data. Our SDKs allow on-chain programs to access this information in a simple way. The SDKs also implement some best practices to protect users from accidentally reading stale prices and other common programming errors.","Find the Pyth xChain GitHub repo here and our Docs here.","Pyth Docs","Pyth Cross-Chain GitHub Repo","Pyth Price Feeds","Pyth Price Feeds IDs","Pyth Discord","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/xhack-by-wormhole-meet-pyth-the-pit"},"/blog/new-pyth-data-provider-coin-metrics":{"version":1,"title":"New Pyth Data Provider: Coin Metrics - Blog - Pyth Network","description":"Pyth Network welcomes Coin Metrics, a crypto intelligence provider. They’re boosting market efficiency, transparency, and standardized contract trading.","keywords":"","h1":["New Pyth Data Provider: Coin Metrics"],"h2":["Who is Coin Metrics?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Coin Metrics, a crypto intelligence provider. They’re boosting market efficiency, transparency, and standardized contract trading.","Data Providers","Sep 21, 2022","We are pleased to welcome Coin Metrics, a leading provider of crypto financial intelligence, to the Pyth Network. Coin Metrics will provide the Pyth Network with a fully proprietary and transparent new pricing source that promotes the functioning of efficient markets, reduces information asymmetries among market participants, facilitates trading in standardized contracts, and accelerates the adoption of cryptocurrencies as an asset class with the highest standards.","Coin Metrics is the leading provider of crypto financial intelligence, offering network data, market data, indexes, and network risk solutions to the most prestigious institutions touching crypto assets.","Coin Metrics was founded in 2017 as an open-source project to determine the economic significance of public blockchains.","“Pyth is establishing itself as a leading on-chain market data solution, opening up an obvious synergy with Coin Metrics. Our independent and transparent crypto asset prices will be additive to Pyth’s efforts to establish high-frequency updates for scalable blockchains, layer 2 solutions, and TradFi institutions,” said Tim Rice, co-founder, and CEO of Coin Metrics. “We are excited to further enhance Pyth Price Feeds by contributing our Reference Rates, and we look forward to more opportunities to bring our range of data intelligence on-chain to support more advanced DeFi products.”","\"Coin Metrics has built an incredibly valuable and strong data platform to support the crypto community. Their mission ‘to empower people to make informed financial decisions’ closely aligns with the Pyth mission to power on-chain DeFi and Web3 protocols,\" said Stephen Kaminsky at Jump Crypto, one of the leading institutions contributing to the Pyth Network. \"Their contribution to Pyth — and ultimately consumption of Pyth data — is a natural fit and we look forward to working alongside them on this exciting project.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Coin Metrics","Learn more about Pyth Network","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-coin-metrics"},"/blog/new-pyth-data-provider-flowdesk":{"version":1,"title":"New Pyth Data Provider: Flowdesk - Blog - Pyth Network","description":"Pyth Network welcomes Flowdesk, a global fintech firm, to enhance crypto data offerings. Flowdesk’s market data expands Pyth’s network.","keywords":"","h1":["New Pyth Data Provider: Flowdesk"],"h2":["Who is Flowdesk?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Flowdesk, a global fintech firm, to enhance crypto data offerings. Flowdesk’s market data expands Pyth’s network.","Data Providers","Sep 28, 2022","We are stoked to welcome Flowdesk, a globally-based financial technology company, to the Pyth Network. Flowdesk will contribute its proprietary market data for crypto assets to the network.","Founded in 2020, Flowdesk combines significant experience from traditional markets with acute knowledge of algorithmic trading and crypto.","Flowdesk provides a wide range of digital asset services, such as market-making, custody, brokerage, and treasury management.","Flowdesk is made by unique individuals who are technologists, innovation-driven, and convinced by the positive impacts crypto will have on the world.","“As a crypto-financial technology provider, Flowdesk is committed to keeping up with the latest technological developments in DeFi,\" said Guilhem Chaumont, CEO of Flowdesk. \"We are willing to push crypto-financial products and web3 adoption to the next level. Creating a consortium on real-time on-chain market data is a mandatory step to build the decentralized calculation agent required by crypto derivatives, and we are looking forward to participating in this great project.”","“Flowdesk has established itself as a top player in trading infrastructure, particularly for crypto, which makes them a fantastic partner for Pyth, a project we believe to be at the core of DeFi infrastructure going forward,” added Stephen Kaminsky, Special Projects at Jump Crypto, one of the firms helping support the Pyth Network.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Learn more about our partnership from the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Flowdesk","Learn more about Pyth Network","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-flowdesk"},"/blog/new-pyth-data-provider-auros-global":{"version":1,"title":"New Pyth Data Provider: Auros Global - Blog - Pyth Network","description":"Pyth Network welcomes Auros, a high-frequency trading firm, expanding cryptocurrency data offerings. Auros joins as the 70th publisher!","keywords":"","h1":["New Pyth Data Provider: Auros Global"],"h2":["Who is Auros?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Auros, a high-frequency trading firm, expanding cryptocurrency data offerings. Auros joins as the 70th publisher!","Data Providers","Sep 27, 2022","We are happy to welcome Auros, a high-frequency trading firm specialized in market making, to the Pyth network. Auros will be providing the Pyth network with data for a range of cryptocurrency symbols.","Auros is the 70th first-party publisher to join the network! We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Auros is an algorithmic trading and market-making firm that delivers best-in-class liquidity for exchanges and token projects","Combining the technological innovation that powers Auros high-frequency trading strategies with a unique partnership-based approach, Auros is redefining liquidity provision and sustainable growth in the digital assets space.","\"Auros is thrilled to be joining the Pyth network and helping to contribute reliable, high fidelity data for all. By sharing our high-frequency trading data with a truly on-chain decentralized network, we aim to foster the sort of innovation that will lead to better financial solutions for all participants,\" said Ben Roth, Co-Founder, and CIO of Auros. \"We expect the Pyth network will become an invaluable part of a future decentralized financial system and are delighted to be partnered with them on this mission.\"","\"Pyth has attracted the most sophisticated trading firms in both traditional and digital asset markets, so it is of no surprise, though still fantastic, to see another premier high-frequency market maker join the Pyth community,\" said Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading institutions supporting the Pyth Network. \"Auros price data will undoubtedly help empower more projects and DeFi and more protocols in Web3.\"","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Auros","Learn more about Pyth Network","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-auros-global"},"/blog/pyth-network-partners-with-maker-dao":{"version":1,"title":"Pyth Network Partners with MakerDAO To Bring DAI to Solana - Blog - Pyth Network","description":"Pyth Network now supports DAI on Solana via MakerDAO, expanding DeFi access and enabling borrowing, lending, and trading on this leading stablecoin.","keywords":"","h1":["Pyth Network Partners with MakerDAO To Bring DAI to Solana"],"h2":["MakerDAO and DAI","DAI for Solana DeFi","What’s Next?"],"h3":["Solend","Mango Markets","Jet Protocol","Bonfida","Drift","PsyOptions","Resources"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network now supports DAI on Solana via MakerDAO, expanding DeFi access and enabling borrowing, lending, and trading on this leading stablecoin.","New Products","Sep 28, 2022","We are delighted to announce that the Pyth Network now supports the leading decentralized stablecoin DAI in the newest DAI/USD price feed. In partnership with MakerDAO, the Pyth DAI/USD feed enables anyone to borrow, lend, or trade on the leading decentralized stablecoin on any non-EVM chain including Solana. We look forward to working with leading Solana applications such as Solend, Mango Markets, Bonfida, Drift Protocol, Jet Protocol, and PsyOptions in unlocking the next generation of DeFi services through the world’s leading stablecoin.","\"As applications and usability of DeFi continues to grow, oracles become increasingly important to provide reliable information at a pace in line with this steady growth,\" said Niklas Kunkel, Oracle Core Unit Facilitator at MakerDAO. \"As partnerships such as this become more common, the bridge between off-chain data and DeFi protocols strengthens, delivering a new era of finance. Partnering with Pyth facilitates the use of this bridge, bringing the longest standing stablecoin to the real world of finance. Having launched as recently as 2021, Pyth’s explosive introduction in the space emphasizes DeFi’s expansive growth and the need for an accessible, usable oracle.\"","MakerDAO is a decentralized organization dedicated to bringing stability to the cryptocurrency economy. The Maker Protocol employs a two-token system. The first token, DAI, is an over-collateralized stablecoin that offers stability. The MakerDAO community believes that a decentralized stablecoin is required to have any business or individual realize the advantages of digital money. The second token, MKR, is a governance token used by stakeholders to maintain the system and manage DAI. MKR token holders are the decision-makers of the Maker Protocol, supported by the larger public community and various other external parties. Maker is unlocking the power of decentralized finance for everyone by creating an inclusive platform for economic empowerment, enabling everyone with equal access to the global financial marketplace.","Introduced in 2019, there is now close to $7B DAI in circulation, making it the number one decentralized stablecoin, with approximately $10B in value locked in the Maker protocol. More recently, MakerDAO focused on onboarding real-world assets (RWA) in order to diversify the protocol collateral basket, lowering overall risk and providing new revenue to the protocol. July 7, 2022 marked the release of the 7th RWA Vault, created for Huntingdon Valley Bank, with a $100 million DAI debt ceiling.","As of today, Solana DeFi has been mostly relying on centralized stablecoins: USDC issued from Circle and USDT from Tether — close to 99% of stablecoins on Solana are from either two previously mentioned. While convenient for users, using centralized stablecoins carry risks such as unilateral censorship or trust assumptions (e.g., that all issued stablecoins are backed off-chain by an equivalent amount of collateral).","In partnership with Maker Growth and some of the key Solana dApps, we are proud to lay the bricks towards a more decentralized future (on Solana).","\"As the Pyth community of publishers and consumers continues to grow, our oracle will continually grant more accurate and widespread price feeds to fuel growth across the DeFi ecosystem,\" said Michael Cahill, Director at Pyth Data Association. \"Finance is changing, and this is clearly evident with the popularity of MakerDAO’s DAI stablecoin. We are very excited to see how our user base interacts with the new price feeds, and are equally excited about the overall industry impact of initiatives where the real world of traditional finance is transformed by the use of DeFi and oracles.\"","Solend is an algorithmic, decentralized protocol for lending and borrowing built on Solana. Solend is the most popular lending and borrowing protocol on Solana with over $275M in TVL.","Solend will add DAI to the Stablecoin Pool so that users may either borrow or lend DAI with USDC, USDT, and many other Solana leading stablecoins: USDH, UXD, USH, and more!","You can also now create permissionless pools on Solend. Users, for example, can borrow or lend DAI against a specific (sub)set of assets! You can join the Solend Discord to learn more.","“We’re excited to bring DAI to the Solana ecosystem, which will benefit greatly from a solid decentralized stablecoin. The future is multi-chain, so we’re keen to support projects bridging from other ecosystems to Solana.” — Rooter","Mango Markets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine. Since its inception, Mango Markets processed a total trading volume exceeding $12B with over $100M in current value locked. Mango Markets is now governed by MNGO token holders via the Mango DAO.","On par with the release of the Pyth DAI/USD price feed, developers of the Mango community expressed interest in integrating DAI into the platform. The upcoming release of Mango V4 will support a wide range of additional tokens, including DAI. DAI will be available for borrowing and lending on the platform, as well as swaps.","Jet Protocol is a decentralized and permissionless borrowing and lending protocol built on top of the Solana blockchain. After launching in the 2021 fall, Jet continued upward with a vision for a better, fairer, and more innovative blockchain-based borrowing and lending with Jet V2 Beta. Meanwhile, the Jet DAO has been in charge of the platform development and more specifically onboarding new assets to the platform by following a thorough asset reviewing (community-led) process.","You can join the Jet governance forum to discuss the proposal of adding DAI to the Jet platform.","“As a former Maker smart contract engineer that’s now developing full-time on Solana, it’s rewarding to see Dai price fees going cross-chain with Pyth, and we’re looking forward to making use of the oracle in our future products!” — Wil Barnes","Bonfida is one of the earliest builders on Solana, as well as one of many firsts for the ecosystem. Their most successful product to date is their Solana Name Service. It enables the creation of a human-readable identity or address instead of the automatically generated wallet addresses. Human unreadable addresses like FsJ3A…2epH can now be expressed as “pyth.sol”.","As of today, Bonfida Solana Name Service already allows users to purchase .sol domains with 9 different assets, including USDC, SRM, SOL, or FIDA. Pyth price feeds are used to ensure fair pricing for users paying in crypto. In this spirit, we are excited to see Bonfida adding support for DAI to their Solana Name Service payments rail.","“The Solana Name Service is supposed to make Web3 easy. As such, making our service accessible to everyone and no one is key, whether that be through a variety of payment methods. Made possible by Pyth.” — bonfida.sol","Drift is building a full-suite DeFi trading experience with spot swaps, derivatives (perpetual futures), borrowing/lending, and LP under one umbrella. Initially launched in November 2021, Drift v1 saw rapid success with more than 15,000 cumulative users and close to $10 billion in trading volume in less than 6 months. Since then, the Drift team has been working on a v2 that will provide deeper liquidity for traders, a smarter market maker as well as greater protocol collateralization.","The Pyth price feeds have enabled Drift (v1. and soon v2) to offer a wide variety of crypto assets derivatives to users, and the newly added DAI price feed will further empower the protocol to support the number one decentralized stablecoin for trading, borrowing, and lending.","PsyOptions aims to bring a TradFi feel to DeFi by building a decentralized, permissionless, and community-owned financial services platform focused on options. The PSY Ecosystem is comprised of three different products: PsyOptions, PsyFinance, and Fusion.","PsyOptions is the options protocol enabling users to trade permissionlessly various types of options (American Style Options, Tokenized European Style Options, and Under-Collateralized European Style Options) for any assets.","PsyFinance is a suite of option strategy vaults aimed at generating sustainable yield for single token assets for our users. The goal is to create the best non-inflationary yields on the Solana Ecosystem.","Fusion enables protocols to airdrop call options instead of tokens, giving you a source of revenue, discouraging farmers, and giving your community more flexibility for how they can contribute.","With the Pyth Network now supporting DAI, it opens the door for DAI-denominated options as well as PsyFinance vaults where users may leverage their idle DAI to generate further returns.","The Pyth DAI/USD price feed is a critical step towards enabling new ERC-20 token use cases in the Solana ecosystem. With Pyth data going cross-chain thanks to Wormhole, developers on any blockchain are now empowered through Pyth and the DAI stablecoin.","What does this mean in practice? Anyone can permissionlessly deploy Pyth contracts on any chain and start requesting streaming updates through Wormhole for DAI/USD or any pair or cross-pair from Pyth’s wide offerings across crypto, FX, equities, and commodities.","The developers among you will want to check out xHack by Wormhole: this month-long hackathon is the first of its kind, with builders from 15 different blockchains coming together to hack away. The most innovative xChain application using Pyth data will be eligible to receive the $10K Pyth xBounty. More details are available here.","Pyth Docs","Pyth Website","Pyth on Solana","Pyth on EVM-Based Chains","Pyth on Binance Sidechains","Pyth for Off-Chain Use","Pyth Price Feeds","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-partners-with-maker-dao"},"/blog/new-pyth-data-provider-alphalab-capital":{"version":1,"title":"New Pyth Data Provider: Alphalab Capital - Blog - Pyth Network","description":"Alphalab Capital joins Pyth Network, providing real-time crypto market data. The firm’s $2B+ daily trades and blockchain expertise enhance our network.","keywords":"","h1":["New Pyth Data Provider: Alphalab Capital"],"h2":["Who is AlphaLab Capital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Alphalab Capital joins Pyth Network, providing real-time crypto market data. The firm’s $2B+ daily trades and blockchain expertise enhance our network.","Data Providers","Sep 28, 2022","We are pleased to welcome Alphalab Capital, a technology-driven trading group, to the Pyth Network, where it will publish on-chain, real-time market data for crypto assets.","Alphalab Capital transacts over $2B daily in crypto assets on 40+ exchanges, both centralized and decentralized. Since 2017, the firm has consistently generated exceptional returns.","The company is also one of the first movers in quantitative trading on the blockchain. As of today, it operates thousands of algorithms 24/7 on a globally distributed network of trading servers.","“As transparency and data reliability is very important for the growth of DeFi, we’re excited to be part of this data ecosystem. By providing data to Pyth, we are able to contribute to the scalability and transparency of blockchain operations. Our partnership with Pyth enables anonymized yet increased access to institutional grade, high fidelity data to DeFi applications.” says John Gu, CEO of Alphalab Capital.","“Given Alphalab Capital’s position as a leading technology-focused crypto trading firm, we are really excited to be working alongside this impressive team on Pyth. They have an excellent track record of contributing to the DeFi and crypto community, and their robust technical expertise also makes them excellent partners for the Pyth ecosystem,” commented Stephen Kaminsky, Special Projects at Jump Crypto, one of the other leading trading firms supporting the Pyth Network.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about AlphaLab Capital","Learn more about Pyth Network","We can’t wait to hear what you think! Stay updated in our Discord and Telegram, follow us on Twitter, and be the first to hear what’s new in the Pyth ecosystem through our newsletter. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-alphalab-capital"},"/blog/pyth-monthly-update-september-2022":{"version":1,"title":"Pyth Network Monthly Update | September 2022 - Blog - Pyth Network","description":"Pythian expanded in September with six new publishers and DeFi partnerships across Solana & NEARCON, furthering its mission.","keywords":"","h1":["Pyth Network Monthly Update | September 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pythian expanded in September with six new publishers and DeFi partnerships across Solana & NEARCON, furthering its mission.","Updates","Sep 30, 2022","“By all these lovely tokens September days are here, With summer’s best of weather And autumn’s best of cheer.\" – Helen Hunt Jackson","September is always a busy month, and this year was no exception! The network saw six new data publishers joining the Pythian mission and partnered with DeFi leaders from all chains to bring new innovative life into Solana!","September is a month for conferences. Wherever you were, Pyth was there! From Messari Mainnet in New York to Lisbon for NEARCON, Paris for the Binance Blockchain Week to Singapore for the Token2049, Pythianism is a worldwide journey.","New #PoweredByPyth applications, new blockchains looking to grow with Pyth data, new data providers, and new milestones. It’s like collecting golden autumn leaves…","Pyth partners with Maker DAO and Maker Growth to support the DAI/USD price feed!","SCRYPT Digital, a leading crypto-native Swiss-regulated institutional liquidity provider, joins the network!","D2X, a European digital derivatives exchange, joins the network!","Coin Metrics, a leading provider of crypto financial intelligence, joins the network!","Auros Global, a high-frequency trading firm specializing in market making, joins the network!","Alphalab Capital, a technology-driven trading group, joins the network!","Flowdesk, a globally based financial technology company, joins the network!","Pyth reaches the 70th Publisher Milestone!","AAVE/USD Price Feed is now available on mainnet!","SCNSOL/USD (Socean Staked SOL) Price Feed is now available on mainnet!","GOFX/USD Price Feed is now available on mainnet!","OpenBB, an open source investment research platform, integrated the Pyth price feeds!","Paloma, a Cosmos-based chain, further integrates Pyth for a Limit Order Bot!","Pyth performance on Solana — check the stats yourself!","Pyth Confidence Intervals in action — Case Study: The Merge","Mysten Labs announced Sui a $300M Series B fundraising (#PoweredByPyth soon)","Mo Shaikh announce a future Pyth support for Aptos at Messari Mainnet!","Coral raises $20M as we look forward to Pyth xNFT from Backpack!","Drift Protocol v2 mainnet is only days away! (#PoweredByPyth)","Zeta Markets reach $15M in open interest following the launch of $ETH and $BTC futures and options (#PoweredByPyth)","HXRO Network launched in beta their perpetuals and expiring futures (#PoweredByPyth)","Dual Finance wins the DeFi Track of the Solana Summer Camp (#PoweredByPyth)","Vyper Protocol, a DeFi primitive to create, trade, and settle on-chain derivatives (#PoweredByPyth soon)","Pyth x dYdX Party in Singapore for Token2049! The partygoers start busting moves","xHack by Wormhole at The Pit, Chicago (Sep 21 — Oct 21)","$10K Pyth Bounty at xHack by Wormhole!","Mike Cahill, a Director of the Pyth Data Association, delivers a Keynote at xHack!","Mike Cahill presents Pyth at the Binance Blockchain Week!","Mike Cahill joins The Block at the opening Keynote of The Trading Show in Chicago!","Mike Cahill partakes in an Oracle Panel at NEARCON, Lisbon, Portugal!","Mike Cahill goes live on Bloomberg TV to discuss Pyth progress over the last year!","Daniel, a Pyth Contributor, leads a workshop at the Solana Singapore Hacker House!","Ed, a Pyth Contributor, delivers a keynote at Solana Vancouver Hacker House!","A Pythian crosswords made by Masha!","First-ever Pyth Publisher Series with Michael Lie from Flow Traders!","Don’t be pretty confident. Be #PythConfident!","AMA with TechFlow: Ray tells you what’s coming next for Pyth! (Chinese AMA)","Ahmad Mardeni, the first Pythian Ambassador, delivers his Thread of Threads!","September means a giveaway of Mooncakes (NFTs)!","Saeed, a Pyth contributor, drops bars in a DeFi Panel — Across Chains!","So you still want to use a price oracle? Oracle deep-dive from Jump Crypto","Pythia, the Oracle of Delphi. Pyth, the Oracle of DeFi — Pyth Intern, circa September 2022","Pythian Vexter’s video explaining the Pyth network!","Pythian 0xPyth’s thread recapping Vexter’s video!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-september-2022"},"/blog/interview-dflow":{"version":1,"title":"DFlow is Changing the Flow  | Interview - Blog - Pyth Network","description":"Pyth network delivers exclusive data insights for DeFi builders focusing on equities, commodities, FX, and crypto. Discover key trends with Confidentia.","keywords":"","h1":["DFlow is Changing the Flow  | Interview"],"h2":[],"h3":[],"h4":["Cōnfīdentia (n.): Assurance, Confidence, Boldness","What is DFlow?","How does DFlow use Pyth Price Feeds?","A Tsunami is Coming","Get Involved","Similar stories"],"h5":["DeFi’s First Fixed Rate Lending with Jet | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network delivers exclusive data insights for DeFi builders focusing on equities, commodities, FX, and crypto. Discover key trends with Confidentia.","Interviews","Sep 30, 2022","There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?","This week, we’re joined by the DFlow team, a decentralized marketplace for order flow. Do you hear the tides changing? Open, fair, decentralized, and high-resolution order flow markets are here. A new DEX, Tsunami, has also shifted the flow. The DFlow team is here to help us ride these new waves.","DFlow is a decentralized marketplace for order flow. Order flow markets are markets where participants can buy/sell order flow. The existence of this type of marketplace has tons of great downstream effects for the health of the crypto ecosystem.","For example, this is infrastructure that makes it possible for applications like wallets to offer their users the best trading experience, while also monetizing that order flow. It’s also an implementation of payment-for-order-flow but done in a way that is focused on increasing the transparency and health of the ecosystem.","DFlow leverages Pyth’s price feeds to algorithmically enforce fairness in the markets. More specifically, DFlow uses a decentralized price oracle (currently, Pyth) to mimic the National Best Bid and Offer (NBBO) in equities. DFlow programmatically requires market makers to fill orders at prices at or better than the oracle price.","Decentralized markets are really capital inefficient for traders. A lot of people choose to go swap at AMMs but don’t realize how terrible the price execution is. In addition to terrible price execution, traders have to pay insanely high fees at AMMs, and wallets/other apps charge even higher fees for the convenience of using their front-ends.","DFlow is offering a solution for trading that is always zero-fee and best-execution. Wallets and applications can integrate with us in order to offer their users this top-notch trading experience while monetizing their order flow.","You’ll want to check out Tsunami, the first DFlow-powered exchange on Solana. It’s built using DFlow liquidity and powered by DFlow market makers.","We’re absolutely stoked to have it released on mainnet. Always moving towards the next goalpost, and there will be a couple massive announcements before the end of the year!","Be sure to follow @DFlowProtocol and @niteshnath to stay updated on big news in the coming weeks!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 1, 2023","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/interview-dflow"},"/blog/new-pyth-data-provider-cboe-global-markets":{"version":1,"title":"New Pyth Data Provider: Cboe Global Markets - Blog - Pyth Network","description":"Cboe joins the Pyth Network, sharing real-time equity data to enhance the network’s institutional-grade pricing information.","keywords":"","h1":["New Pyth Data Provider: Cboe Global Markets"],"h2":["Who is Cboe Global Markets?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Cboe joins the Pyth Network, sharing real-time equity data to enhance the network’s institutional-grade pricing information.","Data Providers","Oct 5, 2022","We are thrilled to welcome Cboe, a leading provider of global market infrastructure and tradable products. Cboe plans to publish limited derived equity market data for certain symbols from one of its four U.S. equity exchanges to the Pyth Network. Providing real-time, institutional-grade pricing information for equities will further help grow the network.","Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing, and investment solutions to market participants around the world.","The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology, and data solutions that enable participants to define a sustainable financial future.","Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific.","Cboe’s support of the Pyth Network reflects its broader commitment to help grow and mature the digital asset market by bringing its global infrastructure, market expertise, and data capabilities to the space.","“We believe DeFi has the potential to play an important role in defining the future of our financial markets, and we are excited to help support its growth through innovative initiatives like the Pyth Network,” said Catherine Clay, Executive Vice President, Data and Access Solutions at Cboe Global Markets. “As Cboe establishes its presence deeper in the digital asset space, we look forward to bringing the data solutions from our deep and liquid markets to the global DeFi community and working with our industry peers to transform the digital asset ecosystem and strengthen how financial data is used on the blockchain.”","“The Pyth Network provides real-time and reliable price data, through a fully decentralized mechanism, by directly sourcing from some of the world’s most important financial institutions, and we are thrilled to count Cboe as our first major global exchange provider,” said Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading institutions helping to support the Pyth Network. “As one of the largest global market infrastructure providers in the world, Cboe will provide robust, high-quality derived data that will help the Pyth network further enhance and scale its offerings for DeFi consumers.”","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Read more about our partnership on the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Cboe Global Markets","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-cboe-global-markets"},"/blog/pyths-next-steps-2022":{"version":1,"title":"Pyth's Next Steps | 2022 - Blog - Pyth Network","description":"The Pyth Network evolves! Exploring future developments and advancements in this growing decentralized data network.","keywords":"","h1":["Pyth's Next Steps | 2022"],"h2":["Where We Are Now","What’s Next? Cross-Chain Data","Cross-Chain via Wormhole: How Does It Work?","What's Next? Completing the Network"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","The Pyth Network evolves! Exploring future developments and advancements in this growing decentralized data network.","Updates","Oct 10, 2022","Pyth is going cross-chain. Be on the lookout for Pyth data on 20 Wormhole-supported blockchains!","The final iteration of the Pyth protocol, as laid out in the whitepaper, is designed to be a self-sustaining and fully decentralized network that coordinates data publishers and users.","Pyth has come a long way since day one. Our goal has always been simple yet ambitious: to make every asset price available on every blockchain. In doing so, we hope to empower data owners and data users in new, exciting ways.","Where are we now? Pyth has been publishing live prices for US equities, FX, metals, and of course, crypto since our deployment on Solana mainnet in August last year.","With over 80 price feeds supported by more than 70 best-in-class data providers across traditional and decentralized finance, we’ve grown considerably since our humble devnet days. And with Pyth now securing over half a billion in TVL and garnering over 550K client downloads, it’s safe to say that developers have taken a liking to what Pyth offers.","You’ll recognize many #PoweredByPyth applications: Solend, Mango Markets, Friktion, Zeta Markets, Drift, Backpack, Jet, and many more. Off-chain solutions, like OpenBB and SHIFT Search, and institutions like QCP and Geneva Trading, are also tapping into Pyth’s data.","It feels like we’ve summitted a great mountain over this past year. But that doesn’t mean our journey is anywhere near finished. As the next chapter for Pyth unfolds, the stakes will only get higher, and the Pythian community will become increasingly involved in the network’s operations. So, where do we go from here?","Pyth data is going cross-chain. This should be no surprise to most readers. Pyth’s contributors have set their sights on a cross-chain future since the beginning.","Pyth is now live on mainnet on BNB Chain. Up next are all of your favorite L1s and L2s, including Ethereum, Polygon, Injective, NEAR, Avalanche, Fantom, Algorand, Arbitrum, Optimism, Aptos, Sui and more.","“If it’s fair game for Wormhole, it’s fair game for Pyth.”","There’s been constant knocking on the doors by builders from many blockchains. Pyth has already launched on BNB Chain with Venus. Ribbon Finance of Ethereum is already #PoweredByPyth on Solana, thanks to the composability of DeFi. Hashflow will soon leverage Pyth data on Ethereum, Arbitrum, Optimism, Polygon, Avalanche, and BNB Chain. Developers widely recognize and desire the granularity, security, speed, diversity, and reliability of Pyth data.","For these same reasons, Pyth became the premier oracle for Solana DeFi. Developers in Solana choose Pyth data because no other oracle solution accesses more institutional-grade data from first-party sources who actively participate in price discovery. Furthermore, no other oracle solution updates as frequently as Pyth, protects users with confidence intervals, and upholds higher standards of oracle reliability, transparency, and data legality. No wonder Pyth now comprises over 90% of Solana’s addressable market (Total Value Secured or TVS).","We have a saying about Pyth: that with our data, developers can take fate into their own hands. Wherever you are in the wider crypto ecosystem, your destiny with Pyth awaits.","Publishers send their pricing data as transactions to the Pyth on-chain program. This is part of Pyth’s usual operations. In order to send its data to other blockchains, Pyth makes use of the Wormhole generic messaging protocol.","Prospective data users from any Wormhole-supported chain will be able to request Pyth prices from Wormhole. Upon request, Wormhole will attest the prices from Pyth and relay (or ‘message’) those prices to the Pyth contract deployed on that user’s native chain. Any protocol on that chain can request quotes at their desired frequency from the relevant Pyth contract.","This on-demand price update design enables cost reductions by making prices available on-chain only when they are needed. Furthermore, this design allows Pyth data users to benefit from one another’s requests, as a price update requested by one protocol will make that price available to everyone else on that chain.","Thanks to Pyth’s publisher network design — wherein data providers, are data owners or creators — Pyth has access to the latest, most timely data as inputs. Pyth’s price aggregation algorithm and the Pyth-Wormhole attestation process are designed to keep latency low and allow for a seamless oracle experience.","The Pyth network has made substantial progress towards bringing valuable financial market data to the general public: the initial version of the protocol on Solana provides sub-second price updates for US equities, foreign currency pairs, commodities, and cryptocurrencies.","The future vision of the Pyth network, as architected in whitepaper, is one that is self-sustaining and completely decentralized. This new iteration of the Pyth protocol will consist of a system of mechanisms and incentives that coordinate participants in the network. These mechanisms will include data staking, reward distribution, and governance.","The current governance-related and cross-chain contracts are code-complete and audited. Our focus is now on utilizing Wormhole’s powerful technology for cross-chain governance. Innovation never stops.","We advise everyone to follow the Pyth official channels closely for more information and to read through the Pyth whitepaper if they haven’t already. If in doubt, consult the admins in our Discord and Telegram.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyths-next-steps-2022"},"/blog/pyth-launches-price-oracles-on-bnb-chain-and-bas":{"version":1,"title":"Pyth Launches Price Oracles on BNB Chain and Binance Sidechains - Blog - Pyth Network","description":"Pyth price feeds now live on BNB Chain & Sidechains! BNB native apps gain access to 80+ high-fidelity price data, powered by Wormhole & Binance.","keywords":"","h1":["Pyth Launches Price Oracles on BNB Chain and Binance Sidechains"],"h2":["Pyth on BNB Chain and Binance Sidechains","What’s Next?"],"h3":["BNB Chain and Binance Sidechains","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth price feeds now live on BNB Chain & Sidechains! BNB native apps gain access to 80+ high-fidelity price data, powered by Wormhole & Binance.","Blockchains","Oct 4, 2022","We are delighted to announce that Pyth price feeds are now available on BNB Chain mainnet and Binance Sidechains!","Thanks to the support of Wormhole and Binance, we are proud to enable any BNB native applications to freely leverage Pyth’s high-fidelity data. Any BNB Chain program can now (permissionlessly) request and consume any of Pyth’s 80+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency directly.","Leading this launch is Venus Protocol, which will be the first #PoweredByPyth BNB Chain application! We are excited to partner with Venus to bring them powerful, high-resolution data to empower their borrow-lending operations.","Last but not least, the wider DeFi ecosystem can look forward to new Pyth price feeds based on the BNB ecosystem: BUSD/USD, TUSD/USD, and XVS/USD, with more to come (BETH/USD, VAI/USD).","“Developers and dApps have come to rely on Pyth’s high-quality, uncompromising data to power their creative ideas,” said Gwendolyn Regina, Investment Director at BNB Chain. “The new feature on market data for crypto feeds is a highlight of their effort to build the infrastructure for the Web3 community, allowing the community to easily access real-time data alerts”.","“We are pleased to serve as the launch partner to Pyth on BNB Chain, which represents an exciting development for the dApp community,” said Brad Harrison, CEO of Venus. “Access to time-sensitive, real-world data is critical, especially in times of volatility, and Pyth’s game-changing precision and reliability will usher in a new era of innovation for the BNB community.”","BNB Chain is one of the most popular blockchains in the world, with peaks of over 2 million daily active users and more than $5B in total value locked across its native applications. Since its inception, the network has processed approximately 3 billion transactions from 130 million active addresses.","The Binance Sidechains (BAS) is a framework that enables developers to easily create sidechains (AKA subnets) dedicated to applications in the BNB Chain ecosystem. Developers can deploy these sidechains in a matter of hours with custom parameters (e.g. number of validators) and technology layers (e.g. zk-proofs) that meet their application requirements. This approach gives developers and users the flexibility to optimize for throughput or decentralization.","If you are interested in deploying your own Binance Sidechains, check out the BNB Chain Documentation.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available for free to either on- or off-chain applications. End-users of Pyth data will be able to choose to pay data fees to hedge against a potential oracle failure: their contributions will attract more publishers and supplement network robustness.","In less than a year, the network secured more than $2.0B in total value, and supported more than $30B in total trading volume ($4B this month alone), with over 500K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 80+ price feeds across crypto, equities, FX, and metals, with 400ms update frequencies. Upcoming feeds include the DOW30 and BNB ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","“Binance has established itself as the leading global exchange and sets the standard in terms of security, reliability, and trade execution,” said Mike Cahill, Director of the Pyth Data Association. “They are also committed to Web3, with BNB Chain leading the way as one of the most popular blockchains in the world. This makes them a natural partnerto Pyth, which is a leading oracle service bringing high-quality financial data on-chain.”","Pyth’s publishers submit prices to Pyth’s on-chain aggregation program, before the aggregate outputs are then relayed to the BNB Chain and Binance Sidechains through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to the EVM networks: protocols and users are responsible for updating the on-chain Pyth price before using it.","To learn more, please visit our docs. You may directly find the BNB Chain developer material here and the Binance Sidechains there. All the price accounts for BNB Chain can be found here.","This is your chance to join the #PoweredByPyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that Pyth Network has joined the BNB Chain community, you will soon see many more BNB native tokens supported on the network. You can find our price feeds on our website and even discover which price feed are upcoming. If you have any requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Binance Sidechains","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-bnb-chain-and-bas"},"/blog/new-pyth-data-provider-orca":{"version":1,"title":"New Pyth Data Provider: Orca - Blog - Pyth Network","description":"Pyth welcomes Orca, a Solana-based AMM, as a data publisher. This partnership enhances Pyth’s Solana pricing data sourcing capabilities.","keywords":"","h1":["New Pyth Data Provider: Orca"],"h2":["Who is Orca?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth welcomes Orca, a Solana-based AMM, as a data publisher. This partnership enhances Pyth’s Solana pricing data sourcing capabilities.","Data Providers","Oct 11, 2022","We are delighted to welcome Orca to the Pyth network as a new crypto data publisher! Orca is a leading Automated Market Maker (AMM) on Solana. Orca will contribute its crypto market data directly to the network and significantly boost Pyth’s ability to source reliable pricing data for Solana ecosystem tokens.","In September 2021, Orca announced a raise of $18M+ from Polychain, Placeholder, and many more. Orca’s mission is to create a next-generation AMM that pairs greater capital efficiency with a simple, human-centered with a simple, human-centered user experience for builders, traders, and LPs alike.","Over the last month, more than $500M of trading volume was exchanged on Orca. Since its inception, Orca has handled over $30B of trading volume. Orca’s highest daily volume was achieved in April 2022, with close to $450M volume traded.","Orca is the #1 AMM by trading volume on Solana in the last 6 months, with $15.9B in cumulative trading volume (sources: Orca Solscan, Whirlpool Solscan).","Orca is consistently Jupiter’s #1 pool provider, accounting for ~35% of their total volume, more than the #2 and #3 AMMs combined.","Orca currently gathers close to $85M in value locked or, in other words: available liquidity. At its peak (November 2021), Orca’s TVL was close to $1.5B.","“Joining forces with Pyth offers developers in the Solana ecosystem access to the digital data marketplace we all need. It unlocks access to institutional-grade, high-fidelity financial data for any application on any blockchain,” said Orca’s co-founder Ori Kwan.","“Orca represents a core piece of infrastructure in the Solana DeFi ecosystem, and the addition of their data to Pyth will enable the network to provide developers with better access to the market price of long-tail assets in the Solana ecosystem,” said Michael Cahill, Director at the Pyth Data Association.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Orca","Learn more about Pyth Network","We can’t wait to hear what you think! Feel free to join the Pyth Discord, follow Pyth on Twitter, and join Telegram to learn more and ask any questions. Take fate into your own hands.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-orca"},"/blog/new-pyth-data-provider-okx":{"version":1,"title":"New Pyth Data Provider: OKX - Blog - Pyth Network","description":"Pyth network strengthens with OKX’s real-time crypto data contribution, boosting market coverage and reliability for the growing ecosystem.","keywords":"","h1":["New Pyth Data Provider: OKX"],"h2":["Who is OKX?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network strengthens with OKX’s real-time crypto data contribution, boosting market coverage and reliability for the growing ecosystem.","Data Providers","Oct 14, 2022","We are excited to welcome OKX, the second-biggest global crypto exchange by trading volume, to the Pyth network. OKX will contribute its real-time market data for crypto assets to the network, which will further increase Pyth’s market coverage and robustness.","OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem","Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere","In 2021, OKX processed more than 25 billion trades, while trading volumes reached over $21 trillion. OKX traders saw 220 new pairs listed across all markets in the year","Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens","\"Given the recent liquidation events in DeFi, we understand that a high-performance, robust, and low-latency market data oracle service is crucial in developing financial products in DeFi,\" said Lennix Lai, OKX Director of Financial Markets. \"The Pyth network, with sub-second latency and its rapidly growing network of highly respected data partners, is an example of this exciting potential.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about OKX","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-okx"},"/blog/pyth-publisher-series-galaxy-digital":{"version":1,"title":"Pyth Publisher Series: Galaxy Digital - Blog - Pyth Network","description":"Pyth Publisher Series expands with Zane Glauber from Galaxy Digital! Exploring crypto & finance insights from 75+ data publishers.","keywords":"","h1":["Pyth Publisher Series: Galaxy Digital"],"h2":["Interview"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Publisher Series: XR Trading","Pyth Publisher Series: D2X","Pyth Publisher Series: Flow Traders"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Publisher Series expands with Zane Glauber from Galaxy Digital! Exploring crypto & finance insights from 75+ data publishers.","Publisher Series","Oct 28, 2022","We are excited to release the second edition of the Pyth Publisher Serie featuring Zane Glauber, Head of Strategic Opportunities at Galaxy Digital!","Pyth has garnered interest across the crypto world as well as the traditional finance ecosystem. Now with more than 75 data publishers onboarded, we are beyond excited to share some of the stories that have motivated and continue to inspire their participation in Pyth.","In this second discussion, we hear from Zane Glauber at Galaxy Digital, one of the network data contributors. Galaxy Digital is one of Pyth’s data publishers specializing in crypto trading, and it has contributed its digital assets data since the network was still in its infancy last year. Here’s how the conversation went. You can find the original post here.","Why did your firm join as a Pyth data provider in the first place?","We are passionate about ushering in a new economic paradigm, and promoting high-quality, consistent, and accurate on-chain data is paramount to ultimately surviving there. Publishing streaming financial data into the Pyth network is an important step in that direction, and we’re delighted to join a host of other global financial market participants in the pursuit of improving the tolls builders can use to develop their protocols, projects, and products.","What about DeFi and the broader oracle landscape is the most compelling to you?","We’ve come a long way over the past two years. But the industry has a tremendous way to go in terms of broadening the product suite available within DeFi. Think derivatives, index products, and curves. Without oracle technology driving a source of “truth” for each of these inputs, porting the full suite of TradFi instruments simply isn’t possible. Pyth and other oracle providers will help us get there.","What are your thoughts on the current state of blockchain technology?","We’ve proven that blockchain technology works, even during volatile market conditions. The tech can process, manipulate, calculate, and interpret data, but it is important to remember that the end result is only as good as the quality of the input. This, again, emphasizes the need for first-class, transparent, reliable sources of data through oracle systems like Pyth Network to properly fuel the Decentralized Finance ecosystem.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pyth Publisher Series #1: Flow Traders","Blog","Dec 7, 2022","Nov 21, 2022","Sep 20, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-publisher-series-galaxy-digital"},"/blog/pyth-launches-price-oracles-on-aptos":{"version":1,"title":"Pyth Launches Price Oracles on Aptos - Blog - Pyth Network","description":"Pyth price feeds now live on Aptos mainnet! Access 80+ feeds for equities & crypto, enabling permissionless DeFi development. \n","keywords":"","h1":["Pyth Launches Price Oracles on Aptos"],"h2":["Pyth on Aptos","What’s Next?"],"h3":["Aptos","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth price feeds now live on Aptos mainnet! Access 80+ feeds for equities & crypto, enabling permissionless DeFi development.","Blockchains","Oct 19, 2022","We are excited to announce that the Pyth price feeds are now available on Aptos mainnet!","Thanks to the support of Wormhole and Aptos Labs, we are proud to enable anyone building the future of finance on Aptos to leverage Pyth’s high-fidelity data freely. Any Aptos program can now (permissionlessly) request and consume any of Pyth’s 80+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency directly.","Leading this launch is a cohort of applications from all sectors of DeFi: Argo, Aries Markets, AUX, Concordia, Fletch Wallet, Momentum Safe, Pontem Network, Thala Labs, Tortuga Finance, and Tsunami Finance.","Argo is a lending protocol on Aptos that lets users deposit collateral for minting and borrowing $USDA — the Argo dollar-pegged stablecoin.","Aries Markets is a decentralized margin trading protocol on Aptos. Lend, borrow and trade with margin via a fully on-chain order book at a lightning speed.","AUX is a decentralized exchange built on Aptos, enabling users to swap any tokens. AUX offers three different venues for users to interact with AUX: the AMM, the CLOB or the router (offering the best fills mixing the AMM and CLOB).","Concordia is the operating system for decentralized credit on Aptos.","Fletch Wallet is a crypto wallet enabling users to can interact with the Aptos ecosystem. Fletch Wallet will be available on Android, iOS, and Chrome.","Momentum Safe is the first multi-sig wallet solution on Aptos that supports treasury management, Move model publish, protocol admin control, and dApp integration.","Pontem Network is a non-custodial crypto wallet built for Aptos. In addition, the Pontem team is building Liquidswap, a DEX, and the ByteBabel EVM for Aptos.","Thala Labs is building the first over-collateralized and decentralized stablecoin on Aptos: $MOD.","Tortuga Finance is building the premiere non-custodial liquid staking protocol for the Aptos blockchain.","Tsunami Finance is a margin trading and spot exchange offering 0% slippage, known exit liquidity, low funding fees, low spread, accruing collateral, and profitable liquidity provision.","Aptos is a new Layer 1 blockchain based on the Move programming language developed at Meta, and that aims to be faster, more secure, and more scalable than other blockchains today.","Aptos uses DiemBFT v4 as its consensus mechanism, a variation of the Byzantine Fault Tolerance (BFT). It means that individual faults (e.g. a malicious validator or accidentally offline validators) do not compromise the whole system as long as more than 2/3 of the validators are operating smoothly. Aptos incorporates a leader reputation system to update validators, on top of a few other features different from regular BFT.","To find more information, please visit the Aptos Labs website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available for free to either on- or off-chain applications. End-users of Pyth data will be able to choose to pay data fees to hedge against a potential oracle failure: their contributions will attract more publishers and supplement network robustness.","In less than a year, the network secured more than $2.0B in total value, and supported more than $30B in total trading volume ($4B this month alone), with over 500K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 80+ price feeds across crypto, equities, FX, and metals, with 400ms update frequencies. Upcoming feeds include the DOW30 and BNB ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","“Aptos has done an impressive job of inspiring an exciting ecosystem of talented builders,” said Mike Cahill, Director at the Pyth Data Association. “At speeds very few blockchains are capable of, Aptos makes possible a wide array of new applications that are powered by Pyth.”","Pyth’s data providers submit prices to Pyth’s on-chain aggregation program before the aggregate outputs are relayed to the Aptos blockchain through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to Aptos: protocols and users are responsible for updating the on-chain Pyth price before using it. Read more on the Pyth On-Demand Update here.","To learn more, please visit our docs. You may directly find the Aptos developer material here and a code example there. All the price accounts for Aptos can be found here.","This is your chance to join the #PoweredByPyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that the Pyth Network has joined the Aptos community, you will soon see many more Aptos native tokens supported on the network. You can find our price feeds on our website and even discover which price feeds are upcoming. If you have any requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Aptos","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-aptos"},"/blog/new-pyth-data-provider-btse":{"version":1,"title":"New Pyth Data Provider: BTSE - Blog - Pyth Network","description":"Pyth Network welcomes BTSE, a top digital asset exchange, to provide real-time crypto price data. Expanding network data accessibility.","keywords":"","h1":["New Pyth Data Provider: BTSE"],"h2":["Who is BTSE?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes BTSE, a top digital asset exchange, to provide real-time crypto price data. Expanding network data accessibility.","Data Providers","Oct 20, 2022","We are excited to welcome BTSE, a leading digital asset exchange, to Pyth. As a first-party data provider to the Pyth Network, BTSE will contribute real-time price data for spot cryptocurrency assets.","BTSE is a leading digital asset exchange that offers a simple and secure way to trade cryptocurrencies","Additionally, BTSE licenses its industry-leading technology to exchanges worldwide through its white-label exchange solutions, strengthening the BTSE ecosystem and bridging traditional finance with digital assets everywhere.","BTSE’s mission to drive mass crypto adoption will further cement the necessity for underlying supportive ecosystems as data becomes more accessible","“Our growing suite of financial services is designed to bridge traditional finance with digital asset solutions. With this latest partnership, we are making strides in furthering crypto mass adoption. Pyth’s commitment to DeFi and Web3 resonates closely with our own, and we’re delighted to join hands to provide comprehensive access to high-fidelity financial services,” said BTSE Chief Executive Officer Henry Liu.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about BTSE","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-btse"},"/blog/new-pyth-data-provider-mbit":{"version":1,"title":"New Pyth Data Provider: MBIT - Blog - Pyth Network","description":"MBIT, a leading crypto liquidity provider backed by MCAP, joins the Pyth network for institutional-grade digital asset data.","keywords":"","h1":["New Pyth Data Provider: MBIT"],"h2":["Who is MBIT?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","MBIT, a leading crypto liquidity provider backed by MCAP, joins the Pyth network for institutional-grade digital asset data.","Data Providers","Oct 24, 2022","We are delighted that MBIT, the digital asset trading arm of the MCAP group and cryptocurrency liquidity provider, has joined the Pyth network.","MBIT will be providing Pyth with institutional-grade, real-time market data across a wide array of digital asset pairs in support of its mission to bring greater liquidity and transparency to cryptocurrency markets.","MCAP Inc. is a publicly listed operating company (OTC ticker: MCAP) that focuses on technology-driven financial services.","MCAP’s underlying theme is the development of businesses that address the rapidly changing global financial markets.","MBIT LLC is the digital asset trading arm of the MCAP group.","MBIT is a global market-maker providing liquidity in spot and derivative cryptocurrency markets on both a streaming and bespoke on-demand basis.","“We believe it is crucial for the continued development of Blockchain and Web3 applications to have highly reliable data that can be delivered at sub-second latency. The Pyth network is rapidly expanding to fill that need and we are excited to partner with it.” said MCAP Inc. C.E.O. David Menn","“MCAP is such a well-respected trading firm, market maker, and financial technology developer, so it is really exciting to see them get more entrenched in the digital asset ecosystem. Pyth is a perfect fit here and we at Jump Crypto look forward to working alongside the talented MBIT team to further strengthen this oracle network.” Commented Stephen Kaminsky, Special Projects at Jump Crypto.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about MCAP","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-mbit"},"/blog/pyth-monthly-update-october-2022":{"version":1,"title":"Pyth Network Monthly Update | October 2022 - Blog - Pyth Network","description":"Pyth expands data reach with cross-chain growth on BNB Chain & Aptos, building on a strong October surge and new partnerships.","keywords":"","h1":["Pyth Network Monthly Update | October 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth expands data reach with cross-chain growth on BNB Chain & Aptos, building on a strong October surge and new partnerships.","Updates","Nov 1, 2022","“Autumn carries more gold in its pocket than all the other seasons.” – Jim Bishop","Following a busy September, the Pythians went even harder in October! Several major data publishers, including a leading US-regulated equity exchange, joined the network, while a legion of new applications became #PoweredByPyth.","Pyth data is going cross-chain! That’s right. Pyth’s cross-chain journey with BNB Chain and then Aptos! More chains to come, and sooner than you might expect. Can you find the clue below?","Let’s talk real-world data by starting with real-world events. From Solana Breakpoint in Lisbon to the Sui Hacker House, the Pythians will be on the ground!","CBOE joins Pyth to contribute equity data!","OKX joins the Pyth network as a data provider!","Orca, a Solana DEX, joins Pyth to contribute market data!","BTSE to contribute data to the Pyth network!","MBIT joins the Pyth network as a data publisher!","Venus Protocol, the leading money market protocol on BNB Chain, is becoming #PoweredByPyth!","Wombat, the leading hyper-efficient AMM on BNB Chain, is leveraging Pyth data for its analytics tools!","Aries Markets, a borrow-lending app on Aptos, launches on mainnet (#PoweredByPyth)","Pontem Network, a non-custodial crypto wallet built for Aptos, is #PoweredByPyth!","AUX, a DEX built on Aptos, is #PoweredByPyth!","Tortuga Finance, a non-custodial liquid staking protocol, launches on Aptos!","Thala Labs, the first over-collateralized and decentralized stablecoin, launches on Aptos: $MOD will be #PoweredByPyth!","Momentum Safe, the first multisig wallet built for Aptos, is #PoweredByPyth!","Argo, a lending protocol on Aptos, is #PoweredByPyth!","Fletch Wallet, a crypto wallet enabling users to can interact with the Aptos ecosystem, is #PoweredByPyth!","Tsunami Finance, a margin trading and spot exchange on Aptos, will be #PoweredByPyth!","Vyper, a Solana DeFi primitive enabling the creation, trading, and settling of any kind of on-chain derivatives, is now #PoweredByPyth!","Pyth integrates with the newly released Mesh from Squads for multi-sig services!","BNB Chain and Binance Sidechains are now #PoweredByPyth!","Pyth launches the BUSD/USD price feed on Solana, Aptos, and BNB Chain!","Pyth launches the TUSD/USD price feed on Solana, Aptos, and BNB Chain!","Aptos (L1) is now #PoweredByPyth!","Pyth launches APT/USD price feed on Solana, Aptos, and BNB Chain!","Proposal on Synthetix forum to use Pyth data for Synthetix Perps V2 on Optimism!","Pyth is a headline supporter of the BNB European Innovation Incubator!","2nd edition of the Pyth Publisher Series with Galaxy Digital!","Catch Mike Cahill, a Pyth Data Association Director, on the Castle Island Podcast!","Catch Mike on the Wolf of All Streets Podcast!","Mike on the Real Vision Podcast!","Mike’s Q&A with Curatia!","Catch Steve Kaminsky, a Pyth contributor from Jump Crypto, on CoinDesk!","Catch the majestic Saeed on BNB Live Stream!","The Pyth network was featured in a Fortune Magazine article!","Ostium won the Pyth prize of xHack, a month-long hackathon organized by Wormhole!","Pyth Grants by SuperTeam Earn are now live!","Pyth showcased on DappBayBNB, which features the best BNB Chain apps every month!","Win a Solana Breakpoint ticket through Pyth and Friends (Friktion, Bonfida, and Tulip)!","Fireside discussion with Wombat from BNB Chain!","Ray Song, a Pyth contributor from Jump Crypto, on the HODLong 后浪 podcast!","Saeed on El Momento podcast!","Pythian’s Panel: What DeFi must get right? with Lifinity, marginfi, cypher, and Jump","Pythian’s Panel: 🔮 Better data changes everything with OpenBB, Ideal Prediction, and Search Shift","Pythian’s Panel: When TradFi when meets DeFi with Jet Protocol, GooseFX, Cega, and Search Shift","A Pythian crossword puzzle to test your Pithiness!","Pyth Swag wins you admirers!","Who’s #PoweredByPyth on Solana? Exotic Markets, 01, Port Finance, Dual Finance, Snowflake, Cypher, DFlow, PsyFinance, GooseFX, Friktion, Hubble, Sypool, HydraSwap, Ideal Prediction, HXRO, Drift, Squads, Koba Finance, Francium, OptiFi, Synthetify, Jet, Lifinity, Search Shift, Bonfida, Xenon, Zeta Markets, and many more.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-october-2022"},"/blog/pyth-launches-price-oracles-on-aurora":{"version":1,"title":"Pyth Launches Price Oracles on Aurora - Blog - Pyth Network","description":"Pyth data feeds now on Aurora, empowering builders with 100+ price feeds for equities, commodities & FX via Aurigami. #Aurora #Pyth","keywords":"","h1":["Pyth Launches Price Oracles on Aurora"],"h2":["Pyth on Aurora","What’s Next?"],"h3":["Aurora","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data feeds now on Aurora, empowering builders with 100+ price feeds for equities, commodities & FX via Aurigami. #Aurora #Pyth","Blockchains","Nov 21, 2022","We are excited to announce that Pyth data feeds are now available on Aurora, the EVM environment built on Near. We’re kicking off with Aurigami, the noncustodial lending, and borrowing haven, which is now #PoweredByPyth.","Thanks to the support of Wormhole and many contributors of the Aurora ecosystem, we are proud to empower builders on Aurora. Any programs deployed there can permissionlessly request and directly consume any of Pyth’s 100+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","“The integration of Pyth to Aurora is an extra step toward our ultimate goal of providing DEVs with the best building experience,” said Anton Paisov, head of integrations at Aurora Labs. “With over 75 data providers, we think Pyth will bring a lot of possibilities to the DEVs of our growing ecosystem — and we can’t wait to see the future creations that what will come out of this integration.”","“Aurora has established itself as the leading EVM environment built on top of a new scalable PoS chain: NEAR, which is one of the many reasons the Pyth feeds found their way there,” said Mike Cahill, a director of the Pyth Data Association. “We are thrilled to continue pushing the number of blockchains that can permissionlessly leverage the Pyth price feeds. Pyth has been built to open the walled garden of financial data, and it is happening in real-time and soon on many more blockchains.”","Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users.","The Aurora environment consists of the Aurora Engine, a high-performance EVM — Ethereum Virtual Machine — and the Aurora Bridge, facilitating trustless transfer of ETH and ERC-20 tokens between Ethereum and Aurora, within a great user experience.","Aurora exists and is operated as an independent, self-funded initiative but will continue to leverage the shared team DNA and continually evolving technology of the NEAR Protocol.","The governance of Aurora will take a hybrid form of a Decentralized Autonomous Organization — the AuroraDAO — complemented by a traditional entity that will hold one of several seats in the AuroraDAO.","Find more information about Aurora on its website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available to either on- or off-chain applications.","In less than a year, the network secured more than $2.0B in total value. It supported more than $30B in total trading volume ($4B this month alone!), with over 600K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 150+ price feeds across crypto, equities, FX, and metals, with multiple price updates per second. Upcoming feeds include the DOW30 and Aurora ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","Pyth’s publishers submit prices to Pyth’s on-chain aggregation program, before the aggregate outputs are then relayed to Aurora through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract on Aurora. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to the EVM networks: protocols and users are responsible for updating the on-chain Pyth price before using it. You may find a thorough explainer on the On-Demand Model in our docs.","To learn more, please visit our docs. You may directly find the EVM developer material here, and all the price accounts for Aurora can be found here.","“Having Pyth as one of our oracles is another critical step to ensure Aurigami has a robust and up-to-date price feed mechanism,” said Lucas Huang, co-founder of Aurigami. “This is ever more so important in today’s environment of high market volatility and low on-chain liquidity. Despite such a challenging environment, Aurigami’s total lifetime bad debt of $0 is a testament to our prudent risk management and efficient liquidation. We look forward to joining forces with leading players like Pyth to build a thriving DeFi ecosystem on Aurora.”","This is your chance to join the Pyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that the Pyth Network has joined the Aurora community, you will soon see many more Near and Aurora ecosystem tokens supported on the network. You can find our price feeds on our website and even discover which price feeds are upcoming. If you have requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-aurora"},"/blog/new-pyth-data-provider-chilizx":{"version":1,"title":"New Pyth Data Provider: ChilizX - Blog - Pyth Network","description":"ChilizX joins the network, bringing sports exchange data to Pyth. This expands the Chiliz ecosystem & Socios.com’s fan token integration.","keywords":"","h1":["New Pyth Data Provider: ChilizX"],"h2":["Who is Chiliz?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","ChilizX joins the network, bringing sports exchange data to Pyth. This expands the Chiliz ecosystem & Socios.com’s fan token integration.","Data Providers","Nov 21, 2022","We are excited to welcome ChilizX, the world’s first tokenized sports exchange created for the Chiliz ecosystem and Socios.com, to the network. ChilizX will contribute its exchange market data for Fan Tokens directly to Pyth.","Chiliz is a currency option for blockchain-backed products & services geared toward mainstream consumers.","Chiliz developed the Socios.com sports fan engagement platform, which is built on the Chiliz blockchain infrastructure and uses $CHZ as its exclusive on-platform currency.","Socios.com allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.","Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.","“We are incredibly excited to partner with the Pyth Network to integrate with ChilizX, to deliver a decentralized, cross-chain market of verifiable data for Fan Tokens,” said Joe Grech, Head of Crypto at Chiliz.","“The Pyth Network provides real-time and reliable price data by onboarding market participants such as exchanges, and we are thrilled to see Chiliz, the world’s leading blockchain fintech provider for sports & entertainment, joining the Pyth network,” said Mike Cahill, a director of the Pyth Data Association. “As Fan Tokens expand in number and adoption, onboarding Chiliz’s own exchange: ChilizX, to contribute market data to Pyth will bolster its coverage.”","Soon, Chiliz will also launch its mainnet for CC2, the new layer-1 blockchain for sports and entertainment. Chiliz will host its existing network of Fan Token partners on the new chain and will invite more leading brands from sports and entertainment to build for Web3.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about ChilizX","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-chilizx"},"/blog/new-pyth-data-provider-binance-oracle":{"version":1,"title":"New Pyth Data Provider: Binance Oracle - Blog - Pyth Network","description":"Binance Oracle partners with Pyth to deliver reliable crypto price data directly to the BNB chain, expanding market coverage for BEP tokens.","keywords":"","h1":["New Pyth Data Provider: Binance Oracle"],"h2":["What is Binance Oracle?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Binance Oracle partners with Pyth to deliver reliable crypto price data directly to the BNB chain, expanding market coverage for BEP tokens.","Data Providers","Nov 1, 2022","We are thrilled to announce that Binance Oracle will contribute price data directly to Pyth. Binance Oracle is an official data service provided by Binance to provide reliable, secure, and timely on-chain data feeds to the projects on the BNB chain. This collaboration will greatly bolster Pyth market coverage from the major crypto assets to most of the BEP tokens.","Binance Oracle is an important piece of infrastructure to boost the growth of DeFi. It is a data feed provided by Binance aimed at providing reliable, secure, and timely on-chain data to decentralized applications. This trustworthy data helps build a better ecosystem and lay a foundation for more exciting projects, starting from the BNB chain.","Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.","Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.","“We built Binance Oracle with the goal to support the growth of the blockchain ecosystem by laying a foundation for supporting more exciting dApp projects,\" said Jack Chan, Engineering Lead of Binance Oracle. \"We are glad that Pyth shares the same mission with us and we look forward to the collaboration. We believe this partnership can help us to deliver reliable, secure, and timely on-chain data feeds to more consumers, benefiting the developer community.”","“Binance is the world’s leading exchange for crypto assets, and their commitment to the blockchain community is exemplified with the launch of Binance Oracle,\" said Mike Cahill, Director of the Pyth Data Association. \"The high-quality data provided by Binance Oracle will only make Pyth more robust and support our mission of bringing all data to all users on all chains.”","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Apply to become a data provider","Learn more about Binance Oracle","Learn more about Binance","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-binance-oracle"},"/blog/pyth-launches-price-oracles-on-ethereum-and-optimism":{"version":1,"title":"Pyth Launches Price Oracles on Ethereum and Optimism - Blog - Pyth Network","description":"Pyth data feeds now live on Ethereum & Optimism! Builders can access 100+ price feeds permissionlessly for equities, commodities & crypto.","keywords":"","h1":["Pyth Launches Price Oracles on Ethereum and Optimism"],"h2":["Pyth on Ethereum and Optimism","What’s Next?"],"h3":["Ethereum","Optimism","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data feeds now live on Ethereum & Optimism! Builders can access 100+ price feeds permissionlessly for equities, commodities & crypto.","Blockchains","Nov 1, 2022","We are excited to announce that Pyth data feeds are now available on Ethereum and Optimism mainnet.","Thanks to the support of Wormhole and many prominent contributors of the Ethereum ecosystem, we are proud to empower builders on Ethereum and a leading layer-2 blockchain, Optimism. Any Ethereum or Optimism program can permissionlessly request and directly consume any of Pyth’s 100+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","The Pyth Network is highly grateful for the various successful applications that decided to be part of this launch: Synthetix, Ribbon Finance, Lido, Hashflow, Euler, MANTRA, Flexa, AMP, Infinity Exchange, and SOMA.finance!","Synthetix is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain. Synthetix has been a spearhead for the expansion of on-chain synthetic trading and has already enabled over $7.5B in trading volume this year on its platform.","Ribbon Finance is a suite of DeFi protocols that help users access crypto-structured products. By combining derivatives, lending, and a proprietary on-chain options exchange (Aevo), Ribbon aims to be the one-stop solution for users who want to improve a portfolio’s risk-return profile.","Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH — without locking assets or maintaining infrastructure — whilst participating in on-chain activities, e.g. lending.","Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades.","Euler is a non-custodial permissionless lending protocol on Ethereum that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third party.","MANTRA is a first-of-its-kind, vertically-integrated and regulatory-compliant blockchain ecosystem. The OMniverse includes Mantra Chain, a protocol for regulated assets for the Cosmos ecosystem, and MANTRA Finance, which aims to be a globally-regulated platform bringing the benefits of Defi to the TradFi world.","Flexa is a global leader in pure-digital payments thanks to its fast, fraud-proof payment network.","AMP is a universal collateral token designed to facilitate fast and efficient transfers for any real-world application. The Flexa network, the global leader in pure-digital payments, uses Amp to enable anyone to spend their digital assets with real-world merchants like Shopify or Clover.","Infinity is a non-custodial, permissionless interest rate protocol offering a full floating and fixed rates trading experience across the entire yield curve. Leveraging the Pyth price feeds on testnet currently, Infinity is designed to give both borrowers and lenders a better rate than anywhere else.","SOMA.finance is the first fully compliant multi-asset DEX and Issuance platform. Through SOMA.finance, users will get access to a first-of-its-kind legal and regulated framework for the trading of token issuances, exclusive projects, and more! With a secure onboarding process and comprehensive encryption protocols, SOMA.finance aims to help bridge investors from the traditional brokerage to the rapidly expanding world of DeFi.","“We are excited to use Pyth for Ribbon Vaults”, said Julian Koh, Co-Founder of Ribbon Finance. “It is extremely important that expiry prices for our vaults have high levels of precision. Pyth helps to ensure that the options contracts that our vaults trade expire at the correct levels.”","“We aim to build the most consumer friendly trading application and believe that user experience is paramount,” said Varun Kumar, CEO and Co-Founder of Hashflow. “Our goal is for users to always get the best rates possible and Pyth’s data feeds and safety tools would allow us to do exactly that.”","Ethereum is a blockchain with a computer embedded in it. It is the foundation for building apps and organizations in a decentralized, permissionless, censorship-resistant way.","In the Ethereum universe, there is a single, canonical computer (called the Ethereum Virtual Machine, or EVM) whose state everyone on the Ethereum network agrees on. Everyone who participates in the Ethereum network (every Ethereum node) keeps a copy of the state of this computer. Additionally, any participant can broadcast a request for this computer to perform arbitrary computation. Whenever such a request is broadcast, other participants on the network verify, validate, and carry out (“execute”) the computation. This execution causes a state change in the EVM, which is committed and propagated throughout the entire network.","Requests for computation are called transaction requests; the record of all transactions and the EVM’s present state gets stored on the blockchain, which in turn is stored and agreed upon by all nodes.","Cryptographic mechanisms ensure that once transactions are verified as valid and added to the blockchain, they can’t be tampered with later. The same mechanisms also ensure that all transactions are signed and executed with appropriate “permissions” (no one should be able to send digital assets from Alice’s account, except for Alice herself).","Find more information on the Ethereum Foundation website.","Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales your Ethereum apps without surprises. If it works on Ethereum, it works on Optimism at a fraction of the cost.","Find more information on their website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available for free to either on- or off-chain applications.","In less than a year, the network secured more than $2.0B in total value. It supported more than $30B in total trading volume ($4B this month alone!), with over 600K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 100+ price feeds across crypto, equities, FX, and metals, with 400ms update frequencies. Upcoming feeds include the DOW30 and ERC ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","“Ethereum is among the earliest and most prominent blockchains in existence, which is one of the many reasons why this integration is significant,” said Mike Cahill, a director of the Pyth Data Association. “We are excited to officially join the Ethereum and Optimism ecosystems as we continue to equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.”","Pyth’s data providers submit prices to Pyth’s on-chain aggregation program, before the aggregate outputs are then relayed to Ethereum (or Optimism) through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to the EVM networks: protocols and users are responsible for updating the on-chain Pyth price before using it. You may find a thorough explainer on the On-Demand Model in our docs.","To learn more, please visit our docs. You may directly find the EVM developer material here and all the price accounts for both Ethereum and Optimism can be found here.","This is your chance to join the #PoweredByPyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that the Pyth Network has joined the Ethereum community, you will soon see many more ERC-20 tokens supported on the network. You can find our price feeds on our website and even discover which price feeds are upcoming. If you have requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-ethereum-and-optimism"},"/blog/pyth-publisher-series-d2x":{"version":1,"title":"Pyth Publisher Series: D2X - Blog - Pyth Network","description":"Pyth Publisher Series features Theodore Rozencwajg from D2X, a leading European digital derivatives exchange. Expanding network & finance interest.","keywords":"","h1":["Pyth Publisher Series: D2X"],"h2":["Interview"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Publisher Series: XR Trading","Pyth Publisher Series: Galaxy Digital","Pyth Publisher Series: Flow Traders"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Publisher Series features Theodore Rozencwajg from D2X, a leading European digital derivatives exchange. Expanding network & finance interest.","Publisher Series","Nov 21, 2022","We are excited to release the third installment of the Pyth Publisher Series, featuring Theodore Rozencwajg, CEO and Co-Founder at D2X!","Pyth has garnered interest across the worlds of crypto and traditional finance. Over 75 data publishers have now joined the network, and each publisher has its story to tell.","In today’s discussion, we hear from Theodore Rozencwajg at D2X, the soon-to-be-regulated (EU MTF License currently under application) pan-European digital derivatives exchange. D2X joined the network earlier this year in September. What inspired them to join the Pyth network and to contribute to their data? What do they envision for the future of blockchain and decentralized finance? Theodore provides a thoughtful and positive outlook.","D2X formally announced they were joining the Pyth network as a data provider in September. What led to that decision?","While D2X does not directly perform any DeFi-related activities, our mission statement aligns perfectly with Pyth. Our goal is to bridge the gap between traditional financial structures and the digital asset ecosystem.","Pyth is a core piece of Web3 infrastructure that is enabling exactly this, so contributing price data to the oracle is a perfect synergy for us. We are also really impressed with the progress Pyth has made and look forward to working alongside the 75+ other data providers Pyth has onboarded.","What is the most compelling aspect for you about DeFi and the broader oracle landscape?","The so-called “oracle problem” is one that is fundamental to our asset class. DeFi will hardly function and attract institutional flows as long as price discovery and infrastructure remain fragile.","Many hacks in DeFi are still caused by mediocre oracle technology, but Pyth now has the opportunity to change this and supercharge institutional adoption. Pyth’s performance during many turbulent market events has already demonstrated its ability to help solve this problem.","How does Pyth factor into your market data and crypto strategy?","As a soon-to-be-regulated derivatives exchange, we build infrastructure for price discovery. The institutional flows on D2X will become a source of key information for all market participants.","At D2X, we strongly believe in the transparency of market data, which again fully aligns with the Pyth mission, which is breaking down historical market data walled gardens controlled by large exchanges. Robust price oracles will allow for faster adoption of DeFi and our asset class as a consequence.","What are your views on the future of DeFi or oracle solutions in general? What would you like to see?","We see DeFi co-existing in parallel with CeFi, each having its own clear benefits. The interaction between them is key as the adoption of the former is beneficial to the latter.","As more use cases become available, more institutions will start trading. One of the challenges coming from the anonymous nature of DeFi is the accountability of bad actors. We believe that protocol design may mitigate and eventually eliminate such issues.","What are your thoughts on the current state of blockchain technology?","It is very exciting to see how fast blockchain technology has developed and has been adopted over the past couple of years. While there are already clear use cases, many more are likely to be discovered in the future. The developer community behind public blockchains is very impressive and growing still, Moore’s Law is at play.","How do you see the continuous evolution of CeFi vs DeFi and TradFi vs DeFi?","We are strong believers that there is room for regulated CeFi and DeFi to co-exist. Many institutions still show a preference for CeFi as the trading experience is typically more efficient: predictability, speed, and liquidity are the main drivers. There are also benefits to DeFi and one should not have to replace the other.","When it comes to TradFi, we feel that the distinction between the 2 worlds is becoming blurrier by the day with many players entering the space. There is a sweet spot somewhere between TradFi and Crypto where successful players will converge, naturally under a strong regulatory framework.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pyth Publisher Series #1: Flow Traders","Pyth Publisher Series #2: Galaxy Digital","Blog","Dec 7, 2022","Oct 28, 2022","Sep 20, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-publisher-series-d2x"},"/blog/pyth-network-supports-the-us-30":{"version":1,"title":"Pyth Network Launches US 30 Price Feeds - Blog - Pyth Network","description":"Pyth Network expands to 39 free US equity price feeds, empowering DeFi & unlocking financial data access. A year of Solana DeFi support!","keywords":"","h1":["Pyth Network Launches US 30 Price Feeds"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands to 39 free US equity price feeds, empowering DeFi & unlocking financial data access. A year of Solana DeFi support!","New Products","Nov 28, 2022","We are thrilled to announce that the Pyth Network has extended support for 29 US equities and is now offering 39 live equity price feeds for free: a first in the world!","The Pyth Network was built around the tenet to bring previously inaccessible financial market data to DeFi applications and the general public to empower anyone to participate and contribute to the future of finance.","It has now been over a year since Pyth went live (mainnet on 26th August 2021) and has been powering Solana DeFi. From a handful of publishers and consumers, the network now gathers over 75 first-party data providers, secured close to $2B for its users, and enabled over $30B in trading volume. Pyth also recently expanded to five new chains: BNB Chain, Aptos, Ethereum, Optimism, and Aurora, thanks to the interoperability protocol, Wormhole.","Today marks an important milestone as about 30 of the biggest US equities are added to the network and are available to anyone. Pyth now supports, for free, live price feeds for 39 US equities — a first in the world — with many more to come.","These new price feeds are available on the newly launched app chain called Pythnet, which delivers prices to other blockchains via the Wormhole interoperability protocol. To learn more about Pythnet, check out the documentation.","Similarly, if you are looking to leverage these price feeds, read the documentation.","As the Pyth Network reshapes how market data is sourced, aggregated, and distributed to maximize value for all involved participants, we are proud to already see amazing applications decided for the best: being #PoweredByPyth.","SHIFT empowers traders with a “front page view” of financial markets by providing directional information on daily market movements, volatility, and major trades, all within a sophisticated yet intuitive user experience. By incorporating Pyth feeds directly onto the platform, users will now have the ability to easily compare live exchange pricing with first-party data sources that comprise the sophisticated Pyth aggregate price.","“More companies with real-time prices provided by Pyth is something we are so proud to be associated with. Again, this is helping the end user with an understanding of the market. And it starts with data,” said Saad Hussain, founder and CEO at Vesica Technologies.","OpenBB is the leading open-source investment research platform. Through its open core, developers from all over the globe contribute to the project, with the goal being to democratize investment research. OpenBB doesn’t only aggregate any asset class (e.g., stocks, ETF, forex, crypto, futures, etc.), but it provides advanced machine learning features on top to make sense of this data. By leveraging the Pyth price feeds, the OpenBB terminal can provide live pricing (equities, stock, metals, foreign currencies, and crypto assets) access to its users.","“We love working with data sources. Our goal is not to own the data ourselves but to build a platform that enables data sources to share their data with millions of users. This is why our platform is open source,” said Didier Lopes, Co-Founder, and CEO of OpenBB. “Pyth allows us to go one step further and provide live price data, which is something that our users have asked us several times, and only now we can. I’m personally very excited about this since one of our values is transparency, and Pyth is fighting for that in the financial markets.”","The network could not be where it is now without the significant contributions from its amazing roster of (first-party) publishers. More than 75 of the world’s leading financial actors (exchanges, traders, financial service providers…) have come on board to create a better and more accessible system for all.","Bringing the solid tradition of technology-driven quantitative trading from the equity, futures, and options markets to crypto, Radkl is a leading liquidity provider and innovator in the space.","“Radkl is excited to be a part of the innovation occurring in DeFi and seeing the new products and opportunities that entrepreneurs are able to create with building blocks like Pyth,” said Ryan Sheftel, CEO of Radkl.","If you’d like to learn more about the publishers and why they joined the Pyth Network, look for our series of conversations with Flow Traders, Galaxy Digital, and D2X.","This is an exciting milestone for the Pyth community, but it is merely the start of our journey to reshape how financial data is sourced, aggregated, and distributed. We look forward to continuing to contribute to building the future of finance with all of you. Stay tuned for more exciting things to come.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-network-supports-the-us-30"},"/blog/pyth-publisher-series-xr-trading":{"version":1,"title":"Pyth Publisher Series: XR Trading - Blog - Pyth Network","description":"Pyth Publisher Series expands with Matt Harburda from XR Trading. Stephen Kaminsky leads discussion on crypto & finance data publishing.","keywords":"","h1":["Pyth Publisher Series: XR Trading"],"h2":["Interview"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Publisher Series: D2X","Pyth Publisher Series: Galaxy Digital","Pyth Publisher Series: Flow Traders"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Publisher Series expands with Matt Harburda from XR Trading. Stephen Kaminsky leads discussion on crypto & finance data publishing.","Publisher Series","Dec 7, 2022","We're excited to release the fourth instalment of the Pyth Publisher Series, featuring Matt Haraburda, President of XR Trading!","Pyth has garnered interest across the worlds of crypto and traditional finance. Over 75 data publishers have now joined the network, and each publisher has their story to tell.","In today’s discussion, led by Stephen Kaminsky, a contributor to Pyth from Jump Crypto, we hear from Matt Haraburda at XR Trading, a proprietary market-making firm. XR Trading joined the network very early in its journey: August 2021, only a few months after becoming public. What inspired them to join the Pyth network and to contribute to their data? What do they envision for the future of blockchain and decentralized finance? Matt provides a thoughtful and positive outlook.","XR Trading became a core data provider partner to Pyth way back in August 2021! Some time has certainly passed, but what drove the XR team to join Pyth in the first place?","As a principal trading firm, XR Trading is a market maker in a variety of financial instruments. Making prices — and using technology to do that well is at the core of what we do. Delivering that data to the Pyth network is a unique and new way to utilize this price information, and in doing so is providing valuable information at little to no cost for the projects and protocols consuming them.","What about DeFi and the broader oracle landscape is most compelling to you?","Access to financial markets and quality market data can be costly and cumbersome — even for professional trading firms. Innovation in matching buyers and sellers, in addition to democratizing the distribution of data, is key to addressing these issues. DeFi and the use of oracles addresses these issues in a truly revolutionary way.","How does Pyth factor into your market data and/or crypto strategy?","Pyth is a compelling, innovative solution that allows us to distribute our pricing.","What are your views on the future of DeFi and/or oracle solutions in general? What would you like to see?","Improvements in investor protection. This can come in the form of regulatory innovation or technology solutions. Likely will be a combination of both. But it needs to come if there is ever to be widespread acceptance and adoption.","What are your thoughts on the current state of blockchain technology?","I think we are still in the earliest of days.","How do you see the continuous evolution of CeFi vs. DeFi and TradFi vs. DeFi?","They are all very different things. Over time you are going see each area take from and adapt the best ideas from each space. At some point, they will be indistinguishable from each other. One other element of Pyth we find so interesting, exciting, and compelling, is that it is helping to connect players in all of these various ecosystems, ultimately enabling a greater solution for all.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Pyth Publisher Series #1: Flow Traders","Pyth Publisher Series #2: Galaxy Digital","Pyth Publisher Series #3: D2X","Blog","Nov 21, 2022","Oct 28, 2022","Sep 20, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-publisher-series-xr-trading"},"/blog/pyth-monthly-update-november-2022":{"version":1,"title":"Pyth Network Monthly Update | November 2022 - Blog - Pyth Network","description":"Pyth network thrives amidst challenges, expanding to Ethereum and Op chains. Resilience and community remain key to ongoing growth.","keywords":"","h1":["Pyth Network Monthly Update | November 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network thrives amidst challenges, expanding to Ethereum and Op chains. Resilience and community remain key to ongoing growth.","Updates","Dec 1, 2022","“Fear not November’s challenge bold. We’ve books and friends, and hearths that never can grow cold. These make amends.” – Alexander L. Fraser","First and foremost, we hope that everyone is managing through what have been exceptionally difficult weeks for all of us. Some could say this month gave rise to the most impactful developments of the Pyth network. Pyth continues to build. Our data isn’t going anywhere, except to all your favorite chains and applications.","Pyth went live on Ethereum and Optimism at the beginning of the month. Many household names from the Ethereum world started tapping into Pyth data. Pyth then made its way to Aurora, the EVM environment built on top of NEAR, and kicked off with Aurigami, the leading borrow-lending application on Aurora who is now #PoweredByPyth.","It was wonderful meeting so many Pythians on the ground at Solana Breakpoint 2022. There are recordings too for those who couldn’t catch the keynote presentation on our roadmap.","To top it all off, Pyth also managed to secure its 100th integration, a huge milestone to remember! Having launch partners in multiple L1s has been a major contributing factor for the success, and all credits go to our partners for this achievement.","November was unpredictable. Nevertheless, the same success story for Pyth marches unabated. More data providers more data users, more chains, more feeds. Simplicity will guide us in complex times.","Pyth reaches its 100th integration milestone","Binance Oracle joins Pyth as a Data Publisher!","ChilizX, Chiliz exchange for Fan Tokens, becomes a Pyth Data Publisher!","DWF Labs joins Pyth as a Data Publisher!","Aurigami integrates with Pyth on Aurora","Ribbon to integrate Pyth Data on Ethereum for their options settlement!","Flexa announced the upcoming integration of Pyth data on Ethereum","AMP will integrate Pyth Data on par with the Flexa Network","Mantra announced the upcoming integration of Pyth feeds on Ethereum","Infinity Exchange will integrate Pyth feeds on Ethereum","SOMA Finance will integrate Pyth feeds on Ethereum","Hashflow to integrate Pyth price feeds for trading notification","Synthetix Governance has voted to use Pyth Data on Optimism for its Perps V2","Venus which will integrate Pyth Data has announced its V4","Euler partnered with Pyth on par with its launch on Ethereum, soon governance proposal?","Lido partners with the Pyth network to further expand Lido products usage","Helio Money to integrate Pyth Data on BNB Chain?","Friktion overpasses $3B in option volume traded since inception (#PoweredByPyth)","Lifinity reaches $2B volume traded since inception (#PoweredByPyth)","Zeta Markets Perpetuals products reached $100M in trading volume in their 1st week!","Releap integrates with the Pyth price feeds on Solana","Pyth is live on Ethereum and Optimism","Pyth is live on Aurora","Pyth now supports the US 30 Equities","Pyth launches the BAR/USD (Barcelona Fan Token) price feed","Pyth launches the ASR/USD (AS Roma Fan Token) price feed","Pyth launches the CHZ/USD (Chiliz) price feed","Pyth launches the CITY/USD (Manchester City Fan Token) price feed","Pyth launches the ACM/USD (AC Milan Fan Token) price feed","Pyth launches the ATM/USD (Atletico Madrid Fan Token) price feed","Pyth launches the CAKE/USD (PancakeSwap) price feed","Pyth launches the BETH/USD (Binance Staked ETH) price feed","Seahorse v0.2.4 comes with native integration for Pyth price feeds!","December 12th: Neon EVM goes live (offering Pyth data)!","DeFi is not Dead: Live panel with Solend, Jump Crypto, Raydium, Jupiter, and Friktion at the Solana Lisboa Hacker House","What’s next for DeFi? Panel with Bonfida, Squads, Solana Foundation, Jump Crypto, and GooseFX","A Brighter Tomorrow for DeFi. Panel with Lifinity, GooseFX, Raydium, and Jump Crypto.","Happy Thanksgiving!","Jayant, a Pyth contributor, takes the stage at Solana Breakpoint to discuss Pyth the Pyth roadmap","Pyth Breakpoint Party!","Pyth at the Bear Market Rally!","Steve Kaminsky, a contributor from Jump Crypto, discusses oracles and Pyth on The TIE Podcast","Forbes Interview with Mike Cahill","Binance Oracle Twitter Spaces with Band Protocol, Deri and Pyth!","Pyth Status: a new Twitter account","Pyth Publisher Series with D2X CEO","Pyth sponsors the BNB Chain Innovation Pitch Day in New York (Dec 3)","Did you catch this week’s newsletter?","Pythia Did You Know?","Superteam Pyth Grants winners announced!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-november-2022"},"/blog/new-pyth-data-provider-dwf-labs":{"version":1,"title":"New Pyth Data Provider: DWF Labs - Blog - Pyth Network","description":"Pyth welcomes DWF Labs, a leading digital asset market maker & Web3 investment firm, enhancing its price feeds with their market data.","keywords":"","h1":["New Pyth Data Provider: DWF Labs"],"h2":["Who is DWF Labs?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth welcomes DWF Labs, a leading digital asset market maker & Web3 investment firm, enhancing its price feeds with their market data.","Data Providers","Nov 30, 2022","We are excited to welcome DWF Labs, a global digital asset market maker and multi-stage web3 investment firm, to the network. DWF Labs will both contribute its proprietary market data for digital assets to Pyth and leverage the Pyth price feeds.","DWF Labs is a global leading digital asset market maker and multi-stage Web3 investment firm, providing support from token listing to market making to OTC trading solutions.","With offices in Singapore, Switzerland, the UAE, South Korea, and BVI, DWF Labs is part of the parent firm Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.","DWF Labs supports the journey of Web3 projects by providing liquidity through token investment. Monthly, DWF Labs invests in an average of 10 projects, regardless of market conditions. GameFi, Metaverse, Infrastructure, Protocols, Trading, and DeFi are some of the targeted segments for investment.","“As one of the world’s top crypto high-frequency traders, we can access extremely valuable data that the whole industry can benefit from,” said Andrei Grachev, the Managing Partner of DWF Labs. “By supplying our trading and pricing data to the Pyth Network, and at the same time by integrating their data in our existing workflows, we are making the web3 industry more resilient.”","“More data for everyone means greater transparency, improved scalability, and enhanced reliability for the Web3 community as a whole,” commented Lingling Jiang, Head of Regional Sales in the Liquid Markets division of DWF Labs.","“Pyth has established a network of the top trading firms publishing real time market data directly on-chain,\" said Abhimanyu Bansal, a contributor to Pyth. \"As one of the leading global crypto trading firms, DWF Labs’ contribution to Pyth will be of immense value as we continue to scale and build the future of Web3, and we are very excited to welcome them to the network.”","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Do you own proprietary and valuable data? You can apply to become a Pyth publisher here. Discover all other Pyth network data publishers on our website.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about DWF Labs","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-dwf-labs"},"/blog/new-pyth-data-provider-bitmart":{"version":1,"title":"New Pyth Data Provider: BitMart - Blog - Pyth Network","description":"BitMart joins Pyth network, sharing exchange data to boost DeFi & Web3 insights. Collaboration expands data access for users.","keywords":"","h1":["New Pyth Data Provider: BitMart"],"h2":["Who is Bitmart?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","BitMart joins Pyth network, sharing exchange data to boost DeFi & Web3 insights. Collaboration expands data access for users.","Data Providers","Dec 12, 2022","We are excited to welcome BitMart, a digital asset trading platform, to the Pyth network. BitMart will contribute its exchange market data to the network, which will further help provide valuable information to the broader DeFi and Web3 ecosystem. BitMart will also explore mechanisms to utilize and consume Pyth data feeds for its customers.","BitMart is a premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, BitMart currently offers 1,000+ trading pairs with one of the lowest trading fees in the industry.","Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion.","\"Despite recent turbulence this industry has faced, we remain committed to core projects that have utility and add value. The Pyth network is exactly that, and BitMart’s commitment to furthering the Pyth mission is a testament to the forward progress of the space,\" said Stephen Kaminsky, Special Projects at Jump Crypto, a lead contributor to Pyth.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about BitMart","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-bitmart"},"/blog/pyth-a-new-model-to-the-price-oracle":{"version":1,"title":"Pull, Don't Push: A New Price Oracle Architecture - Blog - Pyth Network","description":"Pyth Network introduces a new, accurate price oracle. This “pull” system offers scalable price updates, improving efficiency & reducing costs.","keywords":"","h1":["Pull, Don't Push: A New Price Oracle Architecture"],"h2":["Push or Pull?","Pythnet Price Feeds","Empirical Analysis","Comparison to Other Oracles","Conclusion"],"h3":["ETH/USD","AAVE/USD"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network introduces a new, accurate price oracle. This “pull” system offers scalable price updates, improving efficiency & reducing costs.","New Products","Dec 13, 2022","The Pyth Network has launched Pyth Price Feeds (also known as Pythnet Price Feeds), a new highly accurate and scalable price oracle. The oracle is designed around a new on demand or pull-based price update model that eliminates some of the key cost tradeoffs that limit the performance of prior designs.","Most applications use a push oracle for price updates, in which the oracle operator or other privileged parties continuously push updates to each blockchain. Pyth's pull oracle empowers users to pull prices on-chain only when they are needed.","This pull oracle design improves on existing oracles by eliminating transaction costs paid by the oracle and data providers, which enables Pyth to scale in ways that traditional push oracles cannot. Consequently, Pythnet Price Feeds can support high-frequency price updates for thousands of price feeds across an unlimited number of blockchains. These price feeds are secure, highly available, and accurately track asset prices on centralized and decentralized exchanges at ultra-low latencies.","This post explores the design of Pythnet Price Feeds and empirically demonstrates that the oracle reduces price tracking error by 5–10x over competing oracles.","Most other oracles — including Pyth’s Solana Price Feeds — use a push oracle for price updates.","In this model, the oracle operator (or other privileged parties) continuously pushes price updates to each individual blockchain. The oracle operator must pay transaction fees for each price update, which is a fundamental tradeoff between cost and scalability. Increasing the number of price feeds, supporting additional blockchains, or pushing more frequent updates all incur additional transaction costs. Consequently, push oracles are limited to offer infrequent updates to a limited set of feeds on a small number of blockchains.","Pythnet Price Feeds eliminate this tradeoff by introducing a “pull” oracle for on-demand price updates. Instead of constantly pushing prices on-chain, Pythnet Price Feeds allow users to pull prices on-chain only when they are needed.","Pyth streams price updates off-chain, signing each update such that anyone can verify its authenticity. When an update is needed on-chain, users craft a single transaction that simultaneously updates the Pyth price and uses it in a downstream protocol. Off-chain price updates are nearly free, which enables the oracle to offer frequent updates to a large number of feeds across many blockchains. For more information on Pythnet Price Feeds, please see the relevant section of the documentation.","The following table shows how Pythnet Price Feeds compare to push oracles on several dimensions:","This new oracle improves existing applications and enables fundamentally new ones. It increases the security of existing protocols by eliminating the risk of delayed oracle updates during busy periods. It enables developers to build protocols that require oracle prices that closely track centralized exchanges. It massively expands the range of products and blockchains protocols can support interesting financial operations for. In a nutshell, it fundamentally reinvents the scope of what on-chain financial applications can do.","The diagram above shows the overall architecture of Pythnet Price Feeds. Data providers publish their prices on Pythnet, an application-specific blockchain dedicated to Pyth. The on-chain aggregation program then aggregates prices for a feed to obtain the aggregate price and confidence. Next, the attester program regularly attests to the most recently observed Pyth prices and creates a Wormhole message to be sent to the Wormhole contract on Pythnet. The Wormhole guardians then observe the attestation message and create a signed VAA for the message. The result of this entire process is a stream of signed Pyth price updates that can be verified on any blockchain.","The price service is a utility that helps users consume this stream of price updates. This service continuously listens to Wormhole for Pyth price update messages. It caches recent update messages in memory and exposes HTTP and WebSocket APIs for retrieving the latest update. (Anyone can run an instance of this web service, but the Pyth Data Association runs a public instance for convenience.) When users want to use a Pyth price in a transaction, they retrieve the latest update message (a signed VAA) from the price service and submit it in their transaction. The target chain Pyth contract will verify the validity of the price update message and, if it is valid, store the new price in its on-chain storage.","Finally, on-chain protocols integrate with the Pyth contract via a simple API that retrieves the current Pyth price from its on-chain storage. This API will return the current price as long as it has been updated sufficiently recently; this approach works because users will have updated the Pyth price earlier in the same transaction. Protocols can configure the recency threshold to suit their needs — e.g., latency-sensitive applications can set a lower threshold than the default.","Pyth prices can be incorporated into protocol logic in different ways, depending on the use case and constraints of the relevant protocol. For extremely latency-sensitive applications, it may be advisable to use Pyth in a different way than protocols that aren’t as latency-sensitive. For more details on this, we refer you to our docs.","The design of Pythnet Price Feeds is highly scalable because the oracle and its data providers do not pay any transaction costs. Note that, in the diagram above, every step of the process is free except for updating the price in the on-chain Pyth contract. However, this cost is not borne by the oracle itself but instead by the user who needs the price (where it is only a portion of their overall transaction cost). Avoiding these transaction costs is the fundamental driver behind the scalability of Pythnet Price Feeds. It enables it to offer frequent price updates for many price feeds on many blockchains.","One of the critical benefits of Pythnet Price Feeds is that its scalability allows it to closely track the prices of assets on their primary trading venues. We showcase its accuracy via an in-depth analysis of the Pyth feeds for ETH/USD and AAVE/USD — two pairs where the quote tokens are of very different market caps and trade on very different sets of exchanges. We then compare Pyth to several significant competitor oracles on the chains on which they are deployed.","All of the analyses below use prices between November 17, 2022, through November 24, 2022 (except where explicitly noted). This week had significant price volatility, making it a good test for oracle accuracy. We compare Pyth, and competitor oracle feeds against the prices on the most liquid centralized exchange for the pair. In some cases, the most liquid pair is against USDT, in which case we converted to USD using the USDT/USD exchange rate.","For the first analysis, we chose ETH/USD, a highly-liquid pair traded on many exchanges. The charts below compare Pyth’s prices for ETH/USD against Binance, the most liquid exchange for this pair:","The first chart is a plot of the time series for ETH/USD during the time period for both Pyth and the CEX.","The second plot shows the deviations between these two series over time, i.e., the absolute value of the difference between these two price series. The deviations are measured in basis points, which are 1/100th of a percent.","The third chart summarizes the second chart: it plots the cumulative density function (CDF) of deviations on the x-axis (in log scale) and the percentile on the y-axis. This chart allows us to determine the probability of observing a deviation up to any given size. To illustrate this property, the points annotated on the chart correspond to the 25th/50th/75th/95th percentiles of the probability distribution. The corresponding deviations can be read from the chart above and are summarized in the following table:","For the second analysis, we chose AAVE/USD to provide a representative example of Pyth’s performance for less-liquid tokens. While ETH is extremely liquid (~6.2B USD 24-hour volume), AAVE is relatively illiquid (~64M USD 24-hour volume) and is traded on fewer exchanges.","The charts below compare the Pyth price feed for AAVE/USD against the AAVE/USDT feed on Binance:","As the plots above show, the Pyth feed generally tracks the CEX price well, with occasional spikes during highly volatile periods. However, with the exception of these few spikes, the AAVE price is always tracked closely. Most of the time, the AAVE feed deviation is less than 10 bps, and it is almost always under 25 bps; summary stats of the distribution of deviations between Pyth and the CEX are shown in the table below.","The deviations for AAVE are higher than for ETH because the token is less liquid. This result is expected. Illiquid tokens generally have larger price discrepancies across exchanges because they are more difficult to arbitrage profitably. The magnitude of such discrepancies creates a fundamental limit on the tracking error of an oracle.","We also compared Pythnet Price Feeds’ accuracy against several other oracles on multiple blockchains:","Above, we display a grid of plots. Each row of the grid represents a different chain, and each column represents a different symbol. For a symbol on a particular chain, we plot the cumulative density functions (CDFs) of Pyth and some other notable oracles. In particular, we show performance for Chainlink, Band, the Uniswap V2 TWAP oracle, and the Uniswap V3 TWAP oracle (10-minute TWAP for both V2 and V3). Not every oracle provides prices for each product on each chain, so some plots have fewer CDFs shown.","When comparing two CDF curves, the curve to the left is better, indicating lower tracking error. As can be seen, the Pyth CDF is generally to the left of all other curves. Note that the x-axis is on a log scale. Thus, a difference of 1 tick represents an improvement by a factor of 10. The charts above show that Pyth typically outperforms other oracles by a factor of 2–10x.","The log scale of the x-axis tends to diminish the absolute magnitude of the difference between oracles. For example, consider the ETH/USD deviations on Ethereum (i.e., the top left plot). From the plot itself, it is clear that the relative order of oracles in terms of accuracy is Pyth > Chainlink/Uniswap V3 TWAP > Uniswap V2 TWAP > Band. However, the accuracy differences are quite stark when the numbers are considered. The following table reads off the deviations at various percentiles from the chart:","Pyth has a lower deviation by about an order of magnitude at each percentile along the CDF curve. Especially important is the 95th percentile as a good point proxy for right tail behavior, as the right tail dictates “worst-case behavior”. Protocols that choose to integrate with a particular oracle will need to set their parameters in line with that oracle’s right tail of deviations. For example, an oracle-based AMM might set its trading fee in line with some right-tail percentile deviation to protect its LPs from getting picked off due to oracle inaccuracy. For such an application, choosing an oracle with low right-tail deviations would enable them to reduce the fee and thereby increase trading volume.","The only case where another oracle is competitive with Pyth is the case of Chainlink for USDT/USD on the BNB chain, in the bottom right corner. In contrast to Ethereum, where Chainlink updated the USDT/USD price feed 7 times over the week, BNB features lower gas fees, so Chainlink updated 652 times. Moreover, during this time period, the USDT price was almost always $1, so a high-frequency feed was not necessary to track the price closely. In contrast, when stablecoins are more volatile and potentially depeg, a higher frequency oracle feed is more valuable. We see this in the case of the USDT/USD feed on November 9, 2022:","As the first plot shows, USDT/USD was indeed fairly volatile on this date. The Pyth oracle continued to track the CEX price closely, due to its high update frequency. As the lower two plots show, Pyth performed significantly better than the Chainlink feed during this period.","Pythnet Price Feeds use a new oracle design that improves on existing oracles in many dimensions. On-demand price updates eliminate the transaction costs paid by the oracle and data providers, which enables it to scale in ways that traditional push oracles cannot. Consequently, Pythnet Price Feeds support frequent price updates for thousands of price feeds across an unlimited number of blockchains.","Another benefit of scalability is that it enables the oracle to accurately track the prices of assets on centralized exchanges. Our empirical analysis shows that Pyth’s average deviation from the most liquid exchange — a proxy for oracle accuracy — is lower than the deviations of other oracles across multiple assets and blockchains. The accuracy improvement is most substantial in the right tails of deviation distribution, which is to say that Pyth’s worst-case deviations are much lower than those of other oracles; this is the most important metric for oracle accuracy, as the worst-case behavior determines how consumer protocols will integrate with the oracle.","Pythnet Price Feeds are live in mainnet on dozens of blockchains, including Ethereum, Optimism, Arbitrum, BNB Chain, Avalanche, and Polygon, offering price feeds for hundreds of assets across crypto, equities, ETF's, FX, and commodities.","Please see the developer documentation for more information on integrating Pyth into your application.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-a-new-model-to-the-price-oracle"},"/blog/pyth-launches-price-oracles-on-kucoin-community-chain":{"version":1,"title":"Pyth Launches Price Oracles on Kucoin Community Chain - Blog - Pyth Network","description":"Pyth data feeds now on KuCoin Community Chain, boosting KCC DeFi & empowering wider DeFi builders with permissionless access.","keywords":"","h1":["Pyth Launches Price Oracles on Kucoin Community Chain"],"h2":["Pyth on KCC","What’s Next?"],"h3":["KuCoin Community Chain (KCC)","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data feeds now on KuCoin Community Chain, boosting KCC DeFi & empowering wider DeFi builders with permissionless access.","Blockchains","Dec 15, 2022","We are excited to announce that Pyth data feeds are now available on the KuCoin Community Chain, a public blockchain project initiated and built by KucCoin and KCS’ developer community, and we look forward to further empowering KCC DeFi.","Thanks to the support of Wormhole and many leading contributors from the KCC ecosystem, we’re proud to empower builders across the wider DeFi world. Any programs deployed in KCC can permissionlessly request and directly consume Pyth’s 150+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrencies.","“Pyth is a compelling solution that unlocks smarter data for smarter contracts and enables exponential growth of DeFi,” said Leandre, a core member of KCC GoDAO Foundation. “We are proud to offer our users and developers a better and more accessible user experience through the network’s robust market data.”","To kick off our launch on KuCoin Community Chain, we’re delighted to welcome a new data publisher: MojitoSwap, the #1 ranked DEX on KCC, along with new Pyth data users: Torches, KCC’s leading lending protocol, and KuSwap, an AMM built on KCC that will expand to offer perpetuals and lending services.","“As the leading DEX and financial infrastructure on KCC, MojitoSwap is glad to collaborate with Pyth to provide a better experience to users on the infrastructure end,” said Iris of MojitoSwap.","“As the leading lending protocol on KCC, Torches is happy to be the first Pyth data user. Following the Pyth launch of KCC, Torches will benefit from a greater price accuracy responsible for key operations like the valuation of assets or liquidations of positions,” said Eric, CMO of Torches. “I am sure we will collaborate more in the future while building the KCC DeFi Ecosystem.”","KCC is a high-performance and decentralized public chain built by KCS’ and KuCoin’s fan communities. It is developed on go-Ethereum to provide community users with a faster, more convenient, and low-cost blockchain user experience.","KCC is fully compatible with Ethereum and ERC-20 smart contracts, with extremely low migration costs and 3 seconds block times. KCC leverages a Proof of Staked Authority (PoSA) consensus algorithm, thus providing high efficiency, security, and stability.","KCS will serve as the only core fuel and native token for KCC and can be used in scenarios such as gas fee payment.","Find more information about the KuCoin Community on the website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data (still on-chain) and makes it available to either on- or off-chain applications.","In less than a year, the network secured more than $2.0B in total value. It supported more than $30B in total trading volume, with over 650K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 150+ price feeds across crypto, equities, FX, and metals, with multiple price updates per second. Upcoming feeds include KCC ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","“With 100 dApp integrations since launch, it is clear that applications across the board are quickly realizing the benefits that the Pyth Network delivers via vast amounts of low-latency, high-quality market data,” said Mike Cahill, Director of the Pyth Data Association. “We are excited to super-charge the KCC community with reliable market data so that builders across DeFi have the resources necessary to create sophisticated and innovative solutions.”","Pyth’s publishers submit prices to Pyth’s on-chain aggregation program, before the aggregate outputs are then relayed to KCC through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract on KCC. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to the EVM networks: protocols and users are responsible for updating the on-chain Pyth price before using it. You can find a thorough explainer in the On-Demand Model section in our docs.","To learn more, please visit our docs. You may directly find the EVM developer material here, and all the price accounts for KCC can be found here.","This is your chance to join the Pyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that the Pyth Network has joined the Aurora community, you will soon see many more Near and Aurora ecosystem tokens supported on the network. You can find our price feeds on our website and even discover which price feeds are upcoming. If you have requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-kucoin-community-chain"},"/blog/new-data-provider-mojitoswap":{"version":1,"title":"New Data Provider: MojitoSwap - Blog - Pyth Network","description":"Pyth Network welcomes MojitoSwap, a leading KCC AMM, expanding market data coverage for KCC ecosystem tokens. \n","keywords":"","h1":["New Data Provider: MojitoSwap"],"h2":["Who is MojitoSwap?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes MojitoSwap, a leading KCC AMM, expanding market data coverage for KCC ecosystem tokens.","Data Providers","Dec 19, 2022","We are excited to welcome MojitoSwap, the leading decentralized AMM on the Kucoin Community Chain, to the Pyth Network. MojitoSwap will contribute its exchange market data which will bolster the Pyth network market coverage for leading KCC ecosystem tokens.","MojitoSwap is an automated market maker (AMM) that allows two tokens to be exchanged on the KuCoin Community Chain","MojitoSwap currently gathers $40M in total value locked (or liquidity) and has processed over $1.2B in trading volume since inception.","“As the leading DEX and financial infrastructure on KCC, MojitoSwap is glad to collaborate with Pyth to provide a better experience to users on the infrastructure end,” said Iris of MojitoSwap.","\"MojitoSwap is a leading venue for Decentralised trading built for speed and low costs,\" said Abhimanyu Bansal, a contributor for Pyth Network. \"Their contribution in the form of real-time on-chain data will enable Pyth to scale further and support more crypto assets on the network.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about MojitoSwap","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-data-provider-mojitoswap"},"/blog/new-pyth-data-provider-bybit":{"version":1,"title":"New Pyth Data Provider: Bybit - Blog - Pyth Network","description":"Pyth partners with Bybit, a leading crypto exchange, to offer verifiable DeFi data and real-time spot prices, boosting crypto support.","keywords":"","h1":["New Pyth Data Provider: Bybit"],"h2":["Who is Bybit?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth partners with Bybit, a leading crypto exchange, to offer verifiable DeFi data and real-time spot prices, boosting crypto support.","Data Providers","Dec 21, 2022","We are pleased to welcome Bybit, the world’s third most visited crypto exchange, to the Pyth network. Bybit will help Pyth to provide verifiable data to decentralized finance (DeFi) applications and the general public. Bybit will also offer real-time prices to over 350 spot pairs listed on the exchange as part of the company’s commitment to providing the best possible support for DeFi and the broader crypto industry.","Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.","Available in over 160 countries and more than 16 languages supported, Bybit continues to provide robust security frameworks with 99.99% functionality for its customers.","The data feed will come from Bybit’s high-performance trading engine that pushes market data every 20 milliseconds and will be shared directly on-chain.","\"We are excited to partner with Pyth and provide the blockchain community with the accurate, transparent data it needs to develop the next generation of financial products,\" said Bill Xing, Head of Financial Products at Bybit. \"Bybit is committed to democratizing financial markets by making available market data that was previously only accessible to a limited set of institutions and users. This partnership marks an important contribution towards a more equitable and transparent future for financial services.\"","\"For Pyth to become the leading oracle solution for digital assets, it requires data from all the leading crypto exchanges,\" said Stephen Kaminsky from Jump Crypto, one of the leading contributors to Pyth. \"The community already consists of about 15 top crypto exchanges, so seeing Bybit on this list, while not surprising, is incredibly powerful to the continued robustness and strength of the network.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Bybit","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-bybit"},"/blog/pyth-yearly-update-2022":{"version":1,"title":"Pyth Network Year-End Wrap-Up | 2022 - Blog - Pyth Network","description":"2022 marked a pivotal year for blockchain innovation, showcasing resilient communities and bolstering the case for decentralized finance.","keywords":"","h1":["Pyth Network Year-End Wrap-Up | 2022"],"h2":["Looking Back at 2022","What’s Next?"],"h3":["We Wouldn’t Be Here Without You","January","February","March","April","May","June","July","August","September","October","November","December"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","2022 marked a pivotal year for blockchain innovation, showcasing resilient communities and bolstering the case for decentralized finance.","Updates","Dec 23, 2022","2022 will definitely be a year to remember: the highs were high, and the lows were low.","We’ve met passionate builders all across the globe. The dedication we’ve seen on every blockchain is a testament to the resiliency of our shared ecosystem. Even in the face of extraordinary adversity, never once has the Pythian community wavered from its core mission. Furthermore, the case for transparent, trustless, and decentralized financial systems is stronger than ever. This year is a turning point for blockchain history, as well as for the Pyth journey.","As we sign off on one of the most eventful (and perhaps surreal) years, we would like to thank everyone who helped make the Pyth network what it is: a next-generation solution for liberating data to those who need it.","To our data provider community, we say thank you for contributing your proprietary market data to the network: you are the fuel of Pyth, and its data feeds.","To our data users from so many blockchains, we thank you for building with us and shaping the development direction of our network.","To our many thousands of followers across all our socials — thank you dearly for your continuous support and love!","The events of 2022 may not have been easily predicted by most. This oracle will venture a prognosis, however: our accomplishments of 2022 are merely a prelude for what’s to come after. The network’s success across 2023 shall be shared with all Pythians and contributors, and the world will become #PoweredByPyth.","Before we enter the new year, let’s wrap up this one and take one last look back. The speeds of Web3 are dizzying — it’s easy to forget just how far we’ve come.","Let’s play it back one more time, month by month — each one a different flavor of nostalgia and collaborative energy!","The Pyth Network Whitepaper is published and even featured in the Financial Times","Walkthrough the Pyth whitepaper with Jayant, a Pyth network contributor","Pyth is comprised of 41 data providers, contributing to 58 price feeds, and used by 43 applications","Pyth Publisher Metrics made available on the Pyth website","Figment, a Pyth contributor and Node Provider, releases their Pyth 101 pathway","Pyth Symbology update to prepare for asset class expansion","Pyth secures $2B TVS on Solana!","Pyth is comprised of 53 data publishers, contributing to 58 price feeds and used by 56 applications","Pyth has supported more than $10B in Cumulative Trading Volume for data users","Pyth2Wormhole Audit Completed, preparing Pyth data to flow cross-chain","Pyth secures 90% of the Solana addressable market","Pyth data users begin using Pyth’s metal prices","Pyth Data goes live on BNB Chain (and Binance Sidechains) Testnet","The Pyth Data Association releases the first public Data Provider application process","Pyth Alligators NFT Collection mint!","Pyth has supported more than $20B in Cumulative Trading Volume for data users","Venus (leading money market on BNB) governance proposal to integrate with Pyth data!","Tired of delayed equities data? It’s time to SHIFT gears: Pyth equities data usage is rising!","Pyth is comprised of 62 data providers, contributing to 80 price feeds and used by 72 applications","Pyth releases its Metrics section (Dune Dashboard, Publisher Metrics and Network KPI)","Solscan, a leading Solana blockchain explorer, adds support for Pyth instructions","OpenBB, the leading open-source investment platform, integrates with Pyth data","Pythnet — the Pyth network dedicated app chain for cross-chain prices — goes live!","Introducing Liquidity Oracles (WIP)","Pyth (Solana mainnet) 1-year anniversary","Pyth Partners with MakerDAO To Bring DAI to Solana","CBOE (US-accredited exchange) joins the Pyth network!","xHack by Wormhole: Meet Pyth @ The Pit","Pyth is comprised of 72 data providers, contributing to 83 price feeds and used by 81 applications","Pyth Data goes live on BNB Chain and Binance Sidechains","Pyth Data goes live on Aptos","Pyth Governance to be powered by Mesh (by Squads)","Pyth has supported more than $30B in Cumulative Trading Volume for data users","Pyth Data goes live on Ethereum and Optimism","Pyth Data goes live on Aurora","Pyth adds support to 30 US equities","Synthetix on Optimism votes to be #PoweredByPyth","Pyth: A New Model to the Price Oracle","Pyth Data goes live on KuCoin Community Chain","Pyth Data goes live on Celo","Pyth Milestone: 100 Integrations!","What is Pyth? Pyth Whitepaper Explainer","Pyth is comprised of 78 data publishers, contributing to 185 price feeds, and used by more than 100 applications across 8 different blockchains","We’re still on track. The big picture hasn’t changed. Nor have the brushstrokes. Pyth data will continue expanding to new L1 and L2 blockchains and diversifying across new asset classes and even data types.","Once again, we’re beyond grateful for the support and participation of our community: with new opportunities for network participation on the horizon, it’s an exciting time to be a part of the Pythian ecosystem. Great things are in store for everyone — data providers, data users, and community champions.","Stay tuned, and have a wonderful holiday. We’ll see you in the new year.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-yearly-update-2022"},"/blog/pyth-monthly-update-december-2022":{"version":1,"title":"Pyth Network Monthly Update | December 2022 - Blog - Pyth Network","description":"Find strength within during challenging times. Embrace optimism and new beginnings as we move into 2023 with exciting potential.","keywords":"","h1":["Pyth Network Monthly Update | December 2022"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Find strength within during challenging times. Embrace optimism and new beginnings as we move into 2023 with exciting potential.","Updates","Dec 30, 2022","“In the depth of winter, I finally learned that there was in me an invincible summer.” – Albert Camus","It’s been an eventful, surreal and — admittedly — arduous year for many. We hope that the holiday spirit has brought some comfort and happiness to everyone.","As we look ahead to the New Year, we are filled with optimism and excitement for what 2023 will bring. We’ve been laying the groundwork for a lot of exciting developments, although we can’t give the specifics just yet.","A lot of what we’ve been up to will seem familiar: welcoming new data providers, launching new price feeds, and coming to new chains. A certain thread is being weaved, however. Do you see it? Check in your stocking. Check under the knitting. The Pythnet appchain has been hard at work. A new price oracle model (the Pyth “pull model”) has emerged! Cross-chain fees are being generated. The network continues to scale. The time for all Pythians to contribute and fulfill their destined role in the network is coming soon.","There’s more to share in 2023. For now, we want to say thank you to our wonderful Pythians. It’s been a pleasure stewarding this community. We’re excited to onboard more helmsmen to help lead the Pyth voyage and the next chapter of our Odyssey.","Bybit becomes a Pyth data provider!","BitMart becomes Pyth a data provider","MojitoSwap to become a Pyth data provider","Synthetix Perps V2 (Optimism) go live — #PoweredByPyth!","Torches Finance (KCC), Aptin Finance (Aptos), and AMP (Ethereum) to become #PoweredByPyth","Drift V2 (Solana) Public Mainnet — #PoweredByPyth!","Zeta Markets (Solana) is Back — #PoweredByPyth!","100th Integration Milestone!","Pythnet Price Feeds: A New Model to the Price Oracle","Pyth Data is Live on KuCoin Community Chain!","Pyth Data Available on Celo?","Pyth launches CBETH/USD price feed","Pyth launches THETA/USD","Pyth launches MBOX/USD, as well as: BNX/USD, WOO/USD JUV/USD, ARG/USD, GALA/USD, AXS/USD, OG/USD, and FLOW/USD","Merry Christmas to all our Pythians!","Or should we say, Merry Pythmas!","Pyth x Solana DeFi Workshop with Superteam","Bonfida celebrates its 2nd Solana Domain Name Service Birthday","Pyth, Wormhole and Arbitrum Live Discussion","Live Panel with BNB Chain and API3","Live Panel with KuCoin Community Chain, MojitoSwap and KCC Ventures","Live AMA with Aurigami (Aurora)","What Keeps Us Going: Pyth, Tulip, Marinade, HXRO, Hello Moon, Jump","Moving Forward Together: Pyth, Bonfida, Squads, GooseFX, Solana Foundation, Jump","Pyth at BNB Chain US Pitch Day","AptosTalk featuring Pyth and Partners (including Tsunami Finance)","What Kind of Problems Are You Working On? Jayant explains why we work on Pyth","Pull vs Pull Model Oracles Illustrated","Pyth Publisher Series (#4): XR Trading","Pyth 2022 Wrap-Up","#PoweredByPyth Friends: Our Outlook for 2023","Don’t be “pretty confident”. Be Pyth confident!","The Oasians “First Party data or Third Party data?”","Did you pick up your Pyth wallpaper? Santa’s gifted the Pythians a melange of new art in the Discord (#announcements)!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-december-2022"},"/blog/whats-in-a-name-pyth-and-the-pythia":{"version":1,"title":"What’s in a Name? Pyth and the Pythia - Blog - Pyth Network","description":"Pyth Network launched in August 2021, aiming to bring asset pricing across all blockchains. Early questions about data sources and the name were addressed.","keywords":"","h1":["What’s in a Name? Pyth and the Pythia"],"h2":["Pythia, the Oracle of Delphi","Pyth and the Pythia"],"h3":["More Facts about the Pythia","Join the Pythian Games"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launched in August 2021, aiming to bring asset pricing across all blockchains. Early questions about data sources and the name were addressed.","Newsletter","Jan 30, 2023","The Pyth Network launched into mainnet on August 2021 after many months of building, surprising many with its mission to make every asset price available on every chain.","Members of our early community asked many thoughtful questions: Where does Pyth’s data come from, where will Pyth data be available, what keeps Pyth data fast and accurate, and — perhaps most importantly — where does the name “Pyth” come from?","Is it a reference to Python, the object-oriented programming language?","We get that a lot — and while our GitHub does provide a Python client, the name “Pyth” is actually a callback to a much older and spiritually profound legacy, rooted deeply in ancient Greek history and mythology…","The name ‘Pythia’ refers to a long line of high priestesses who delivered oracular prophecies to members of the Greek poleis and travellers from across the Mediterranean.","The Pythia was one among many oracles throughout the Greek world — diviners who could channel prophecies from the gods, including Poseidon, Themis, and finally, Apollo.","The Pythia — Oracle of Delphi and priestess of Apollo — was the most popular oracle in the Greek world. Visitors from the Greek poleis and beyond would travel to the Temple of Delphi to consult the Pythia on profound matters, including career, harvest, conquest, and colonization.","The Pythia would deliver her prophecies while in a state of dreamlike trance, and her words were often cryptic. Another priest, or prophetes, would be responsible for interpreting and recording her utterances, often in metrical hexameter form.","The Delphic Oracle was regarded as one of the most important oracles in the ancient world. Delphi was an important resource for Greek communities to deal with unprecedented challenges and consultations with the Pythia became more frequent and extensive. The polis transformed into an important political center, and the ‘cult of the Pythian Apollo’ would spread throughout the Greek Mediterranean.","The practice of consulting the Pythia began around 800 BCE and continued for over a thousand years. The last recorded prophecy occurred in 393 CE, after which the Roman emperor Flavius Theodosius ordered the closure of all pagan temples.","The Pythia played a critical role in Greek society, guiding members of the Greek poleis throughout difficult times by relaying divine truth from the gods to the masses.","Following in the Pythia’s spiritual footsteps, the Pyth Network’s core contributors designed a new kind of oracle to bring the truth of the world to the blockchain. From this mission came the name Pyth, in reference to the Pythia’s ancient, symbolic practice.","Fast forward 2,500 years from the founding of the Temple of Apollo, and the need for ‘oracles’ is still strong, albeit modernized. Wordplay aside, the next growth stage of decentralized finance requires a new type of data infrastructure — one which can bring real-world data to the blockchain at low latencies and high fidelity, while meeting the standards of reliability and transparency expected by institutional participants.","Pyth is taking the helm and spearheading a new generation of DeFi: one that marries the worlds of TradFi and DeFi, unlocking powerful data from both sides and delivering that data to those who need it.","The position of Pythia was held by women selected by the temple priests. Pythiai were originally maidens of honorable birth, but the custom later became to employ women of fifty and older.","Moral character and absolute commitment to the role were of utmost importance in choosing a priestess. A newly selected Pythia would have to relinquish her familial duties to fulfill her new role in the temple.","Many Greek mythology heroes consulted oracles for guidance and protection, including Jason when given a protective branch by Athena for the Argo, Achilles calling on Zeus Dodonean during the Trojan War, and Odysseus consulting the oracle on Mt. Parnassus about returning to Ithaca in disguise.","According to Plutarch, the Pythia’s prophetic powers came from the vapors from underground springs; during a consultation, the Pythia would be lowered into a prophetic chamber (adyton) and steeped into a trance through the volcanic fumes emerging from the Castalian spring.","The Pythia was not herself the source of divine truth; rather, she was a relayer of the gods’ messages. Likewise, the Pyth Network is not itself the source of truth of prices, but instead oversees the safe, recorded journey of financial data from the markets to your smart contracts.","We hope you enjoyed today’s mini-lecture, but the conversation doesn’t stop here!","The Pyth Discord runs regular community events, including art and meme contests, pop quizzes, and other games for community members feeling blessed by the Pythian Apollo. The best contestants are eligible for sentimental and aesthetic prizes.","Inspired builders can check out our developer resources and documentation to get started.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/whats-in-a-name-pyth-and-the-pythia"},"/blog/pyth-launches-price-oracles-on-arbitrum":{"version":1,"title":"Pyth Launches Price Oracles on Arbitrum - Blog - Pyth Network","description":"Pyth price feeds now on Arbitrum! Leading DeFi apps like CAP Finance gain access to 200+ financial data feeds, boosting Layer 2 growth.","keywords":"","h1":["Pyth Launches Price Oracles on Arbitrum"],"h2":["Pyth on Arbitrum","What’s Next?"],"h3":["Arbitrum","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth price feeds now on Arbitrum! Leading DeFi apps like CAP Finance gain access to 200+ financial data feeds, boosting Layer 2 growth.","Blockchains","Jan 31, 2023","We’re pleased to announce that Pyth price feeds are now available on Arbitrum, a second-generation Layer 2 blockchain protocol. Leading Arbitrum applications, including CAP Finance and Perpy, are becoming #PoweredByPyth.","We look forward to supporting the Arbitrum DeFi community and helping grow the broader Layer 2 ecosystem by unlocking once-inaccessible financial data for builders. Developers on Arbitrum can now access Pyth’s 200+ price feeds for equities, commodities, FX pairs, and cryptocurrencies.","The Pyth Network introduces an innovative on-demand pull model oracle, where users are empowered to push available prices on-chain when needed and enable everyone in that blockchain environment to access that data point.","Pyth price feeds on Arbitrum are already powering CAP Finance, a perpetual DEX where anyone can trade derivative contracts for a wide variety of assets (including crypto, FX, metals and more). By integrating Pyth’s low-latency, on-demand update model in its V4 platform, CAP can securely operate a keeper network that sources real-time prices from Pyth to execute orders.","“CAP V4 changes the game when it comes to decentralized perpetuals. Pyth plays a central role in that. Their rolodex of exchange venues, reliable pricing, speed, and on-chain security are unmatched,” said Kappa, CAP Finance Contributor. “Pyth’s support for non-crypto markets, such as EUR/USD and SPY, was crucial for integration with V4. Traders want to capitalize on volatility and it’s not limited to crypto.”","If you’d like to learn more about CAP V4, you can check this blog post.","Pyth data will also empower Perpy Finance and their upcoming V2 Vaults. Perpy is a fully on-chain protocol enabling anyone to copy trade the best traders on the famous decentralized perpetual exchange, GMX. Perpy V2 will allow users to copy trade across more DEXs with multi-currency support!","“Perpy’s end goal is to be the SocialFi hub, providing a wide range of trading venues, the best UI/UX for traders and defacto offering a highly competitive passive income for investors. Integrating multiple Decentralized Perp exchanges comes with some challenges regarding Oracles”, said Kharn, CMO at Perpy. “With Pyth, we can offer an agnostic, robust, low-latency price feed to support numerous venues in the future and even move cross-chain!”","Arbitrum is a scaling solution for Ethereum developed by Offchain Labs that drastically reduces costs and latency. As an “Optimistic Rollup”, Arbitrum instantly scales apps, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully compatible with most existing Ethereum developer tooling. Arbitrum has launched Arbitrum Nitro, the second iteration of the Layer 2, on Ethereum mainnet.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $30B in total trading volume, with over 700K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 220+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include Cosmos ecosystem tokens.","“Ethereum is among the earliest and most prominent blockchains in existence, which is one of the many reasons why this integration is significant,” said Mike Cahill, a director of the Pyth Data Association. “We’re excited to continue our expansion in the Ethereum world, and specifically the Arbitrum ecosystem as we continue to equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.”","More details are available on our website, whitepaper, docs, and wiki.","Pyth’s data providers submit prices to Pyth’s on-chain aggregation program, before the aggregate outputs are then relayed to Ethereum (or Arbitrum) through Wormhole Network (the cross-chain message passing protocol). Wormhole observes when Pyth prices have changed and publishes an off-chain signed message attesting to this fact.","This signed price update message can then be submitted to the Pyth contract. The contract verifies the Wormhole message and updates the on-chain Pyth price to the new price.","Pyth does not automatically submit the prices to the EVM networks: protocols and users are responsible for updating the on-chain Pyth price before using it. You may find a thorough explainer on the On-Demand Model in our docs.","To learn more, please visit our docs. You may directly find the EVM developer material here and all the price accounts for Arbitrum can be found here.","This is your chance to join the #PoweredByPyth community! Check out the resources below to get started.","If you have any questions, please reach out to us. We look forward to building the future of finance together.","Now that the Pyth Network has joined the Arbitrum community, you will soon see many more ERC-20 tokens supported on the network. You can find our price feeds on our website and even discover which price feeds are upcoming. If you have requests for new price feeds, let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-arbitrum"},"/blog/pyth-monthly-update-january-2023":{"version":1,"title":"Pyth Network Monthly Update | January 2023 - Blog - Pyth Network","description":"2023 begins with optimism! Pyth network grows, now on Arbitrum, and Cosmos focus coming in February. A promising new year!","keywords":"","h1":["Pyth Network Monthly Update | January 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","2023 begins with optimism! Pyth network grows, now on Arbitrum, and Cosmos focus coming in February. A promising new year!","Updates","Feb 1, 2023","“January looks forward to the new year and back to the old year. He sees past and future.”  ― M.L. Stedman","With 2022 in the rearview mirror, we’re taking on 2023 with newfound energy. Here’s to the rest of 2023 being as fruitful and optimistic as this January!","The Pyth network’s expansion continues unabated. Pyth data is now available on the Ethereum Layer 2 blockchain Arbitrum. Word on the street is that February will be a Cosmos-focused month!","Following this blockchain expansion at breakneck speeds, January oversaw the launch of nearly a dozen new price feeds, with many more in the pipeline.","Data users are asking for more Pyth data: look no further than the Synthetix SIP. Be on the lookout for new markets on Optimism and other chains, including crypto, FX, metals, and more…","We hope you’ve had a good rest. It’s time to start packing for this conference season! We’ll see you at the ETH Denver, The Pit x Polygon in Singapore, the Istanbul Solana and Sui Hacker Houses, and the Aptos Hacker House in Seoul.","CAP Finance on Arbitrum is now #PoweredByPyth","Kwenta on Optimism is now #PoweredByPyth","Polynomial Perps on Optimism soon to become #PoweredByPyth","Perpy Finance on Arbitrum soon to become #PoweredByPyth","New markets incoming for Synthetix on Optimism","Uniwhale Exchange on BNB Chain soon to become #PoweredByPyth","DeriTrade on BNB Chain soon to become #PoweredByPyth","Solora — Solana Sandstorm Hackathon submission — is #PoweredByPyth","Pyth data is live on Arbitrum!","Pyth data on Injective?","New milestone: 100K On-Chain Price Updates!","Build with Pyth with Python thanks to Seahorse Lang on Solana","Solana Name Service by Bonfida is going cross-chain through Pyth and Wormhole","New price feeds: AMP/USD, DYDX/USD, UNI/USD, LINK/USD, OP/USD, 1INCH/USD, CELO/USD.","Pyth workshop at NUSingapore’s NUS Fintech Month 2023","Coding on Solana from the Chicago Bootcamp!","Solana Sandstorm Hackathon wraps up. Solora rises up!","BNB Chain Discussion with Deri Protocol","Who’s your co-pilot? A panel with Bonfida, GooseFX, Raydium, Tsunami Finance, and Jump","Panel with Tsunami Finance and Aptos Friends, including round 2 and round 3!","AMA with HelloMoon","Pyth makes it to the Top 40 BNB dApps!","You can’t escape the truth!","Happy Year of the Rabbit!","Gators are flying!","Pythians are dressing!","Pythians are learning!","Pythians Pyth-pilling Interactive Brokers!","Pythians hooked on Backpack Passes!","Pythians are psyched to lend!","Play with Confidence — and Pyth network poker cards Cards","A Licensed HODLr’s thread on Pyth","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-january-2023"},"/blog/pyth-launches-price-oracles-on-base-testnet":{"version":1,"title":"Pyth Launches Price Oracles on Base (Testnet) - Blog - Pyth Network","description":"Pyth data feeds now live on Base, Coinbase’s new Ethereum Layer 2. Unlock accessible financial data for builders & expand the DeFi ecosystem.","keywords":"","h1":["Pyth Launches Price Oracles on Base (Testnet)"],"h2":["Base","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data feeds now live on Base, Coinbase’s new Ethereum Layer 2. Unlock accessible financial data for builders & expand the DeFi ecosystem.","Blockchains","Mar 21, 2023","We’re excited to announce that Pyth data feeds are now available on Base, a new Ethereum Layer 2 incubated by Coinbase. Base will serve as a home for Coinbase’s on-chain products and an open ecosystem where anyone can build!","We look forward to supporting the Base DeFi community and helping grow the broader Layer 2 ecosystem by unlocking once-inaccessible financial data for builders. Developers on Base Testnet can now access Pyth’s 200+ price feeds. Our integration with Ethereum layer 2 Base is made possible thanks to Wormhole and many Base contributors.","“We’re excited that Pyth is deploying on Base to support developers looking to build the future of finance and DeFi on-chain,\" said Jesse Pollak, Base Lead.","“Ethereum and specifically its burgeoning ecosystem of Layer 2’s, we believe to be fundamental to the growth of Crypto, which is why making Pyth data available there is paramount” said Mike Cahill, a director of the Pyth Data Association. “We are excited to already expand to Base as it further increases the availability of Pyth data and empower a wide range of new developers and dApps.”","Base is an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way to build decentralized apps. Base is built on the open source OP Stack, in collaboration with Optimism,a fast, stable, and scalable L2 blockchain built by Ethereum developers for Ethereum developers. Optimism was imagined and designed as a minimal extension to existing Ethereum software, and its EVM-equivalent architecture scales your Ethereum apps without surprises.","Base is targeting a mainnet launch of the network in the coming months.","More details are available on the Base website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value and currently supports 200+ price feeds across crypto. More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Base community, you will soon see many more ERC tokens supported on the network as well as Base applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-base-testnet"},"/blog/pyth-liquidity-oracles-v1":{"version":1,"title":"Pyth Liquidity Oracle | Version 1.0 - Blog - Pyth Network","description":"Pyth launches Version 1.0 Liquidity Oracle with Kaiko, protecting DeFi protocols from large, illiquid token positions & exploit risks.","keywords":"","h1":["Pyth Liquidity Oracle | Version 1.0"],"h2":["How the Liquidity Oracle Works","Motivation: An Autumn of Liquidity-Based Attacks","Design of Liquidity Oracle Version 1.0","Potential Improvements","What’s Next?"],"h3":["Mango Markets","Aave Curve Attack","Protocols Need to Manage Illiquidity Risk","Why Off-Chain?","What Do the Liquidity Estimates Look Like?","How Kaiko Sources the Data","How Consumers Can Build Risk Measures"],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth launches Version 1.0 Liquidity Oracle with Kaiko, protecting DeFi protocols from large, illiquid token positions & exploit risks.","New Products","Mar 31, 2023","Blogs in the past have explored how lending protocols could benefit from a liquidity oracle to build countermeasures to illiquidity risks.","Today, we’re excited to springboard that into Version 1.0 of the Pyth Liquidity Oracle through a collaboration with Kaiko, one of the Pyth data providers.","This product should help consumer protocols mitigate the risk of excessively large positions on illiquid tokens being put on, which should reduce the likelihood of an illiquidity-centered exploit and bolster confidence in permissionless DeFi protocols more broadly.","Version 1.0 of the Liquidity Oracle comprises the following parties:","Kaiko providing market impact estimates for tokens off-chain. See here for details on how to source Kaiko’s estimates.","Consumer protocols incorporating that data into on-chain risk parameters in their protocol logic.","Pyth providing consumer protocols an easy way to translate market impact-based risk parameters into adjusted valuation prices for large positions.","See here for Pyth’s Rust SDK that introduces methodology to adjust prices based on liquidity in the market.","Liquidity information is a measure of the market impact of buying or selling a token. The market impact of a buy/sell is the difference between the original price before the buy/sell and the price after. If the liquidity is low relative to the amount bought/sold, the market impact will be high, since any significant market buy/sell will sweep the orderbook and cause liquidity providers to adjust their prices. Conversely, if the liquidity is high, then the market impact of the buy/sell will be low.","Protocols such as lending and money market protocols should use liquidity information to mitigate the risk of excessively large positions being put on in illiquid tokens. We describe some of the relevant illiquidity risks in more detail below. Currently, most protocols lack any safeguards around these types of risks, so having any solution to address these issues is an improvement over the status quo.","Despite the importance of the liquidity oracle, it is currently more difficult to engineer than a traditional price oracle. Notably, liquidity oracles face challenges from massive data volume to difficult aggregation complexities. Thus, we decided to develop the simplest version of a liquidity oracle — one that provides off-chain liquidity estimates for protocols to incorporate on-chain — to enable conservative and safe risk measures against illiquidity scenarios.","In this post, we describe the motivation and design of the Liquidity Oracle, provide detail on how Kaiko sources the data, and walk through some ways consumers could use these estimates to create risk parameters.","Recently, multiple protocols have suffered from liquidity-based attacks.","In October, a group led by Avraham Eisenberg exploited the Mango Markets perpetual futures protocol. The group first took on a large position in the MNGO token perp futures contract. Next, it bought up millions of dollars of notional of MNGO on FTX and Ascendex, the main two sources of liquidity for the MNGO token, because it inferred that most data providers for oracles reporting the price of MNGO sourced their information from those two exchanges. Thus, by buying up a tremendous amount of MNGO on these exchanges, the group caused oracles to temporarily report higher prices for the token. Based on this, the reported value of their MNGO perp position on the Mango protocol grew by multiples, and they were then able to use this as collateral to borrow and withdraw a large amount of blue-chip tokens. These debt positions greatly outweighed in true value the cost of putting on the perp position and of buying up MNGO on the centralized exchanges, and so the team managed to extract around $100 million notional.","Notably, though the oracles pricing MNGO saw their quotes shoot up over a short period of time, this was not an oracle exploit. The price oracles did their job: reporting the live and accurate price of MNGO on its most liquid exchanges. What was missing was appropriate risk measures taken by the protocol to prevent its users from being able to deposit too much of an illiquid token that could see wild price swings — deliberate or unintentional — on trading venues.","What was missing: a limit on collateral deposits or collateral price movement at the protocol level for illiquid tokens.","Eisenberg followed the Mango attack with an attempted coup on Aave. Eisenberg attempted to exploit weaknesses of the AAVE protocol by depositing $63 million worth of USDC and borrowing $43 million worth of CRV. The borrowed CRV was reportedly sent to OKX, ostensibly to short the token and drive down its price. However, the price of CRV actually spiked during this time, which led Eisenberg’s vault to be liquidated.","The liquidation process, which required bots to repay Eisenberg’s CRV loan by selling USDC in exchange for CRV, took over 45 minutes to complete due to a lack of CRV liquidity on Ethereum DEXs. Without sufficient liquidation ability, liquidators were unable to liquidate the vault in full as the CRV price went up. This led to the accumulation of bad debt and the vault becoming insolvent. At the end of the incident, Aave was short 2.64 million CRV tokens, worth over $1.5 million, in this vault. If there had been more CRV liquidity on Ethereum DEXs, it is possible that liquidations could have been more efficiently processed and Aave would not have suffered any loss. However, given the lack of CRV liquidity, allowing such a large borrow position to be taken out put the protocol at risk of bad debt.","What was missing: a way to limit short squeeze potential, accounting for token liquidity","The two examples outlined here are by no means the only examples of liquidity-related attacks and failures. However, these two examples do a good job showcasing what is missing in risk mitigation tools. Both of these risk forms pose a threat to the protocol and its users. Both have the potential to leave the protocol holding a bag of bad debt. Both can be realized via malicious intent or unintentional mismanagement.","Currently, these protocols are not well-equipped to do so. Failing to manage illiquidity risk can cause a protocol to become insolvent, since an inability to handle a large illiquid token position can result in bad debt. Very little information exists on-chain about the liquidity of various tokens, and for protocols already focusing on other challenging problems, having to source and process liquidity data is another hurdle to overcome.","With some difficulty, protocols could source liquidity information from DEX state on-chain. Besides this involving bespoke parsing logic per protocol, for many tokens, DEX liquidity and volume are far lower than on CEXs. Bridging this off-chain information onto the blockchain is a natural fit for an existing oracle solution.","Just as a price oracle abstracts away the price reporting problem from end consumers like lending and trading protocols, a liquidity oracle should do the same with regard to the illiquidity risk problem. What is needed are a high-quality source of liquidity data and a pipeline to help consumers use that data to appropriately value positions.","In that spirit, Pyth is launching an initial version of its Liquidity Oracle in partnership with Kaiko, one of the network’s data providers.","Kaiko is providing market depth information via their Web2 API. Protocols can analyze this information to compute appropriate liquidity estimates, which they can set as risk parameters in their protocol via governance.","Pyth is providing on-chain code in its SDK that uses these liquidity estimates along with Pyth prices to properly value positions.","In addition to using these out-of-box valuation techniques, protocols can explore their own methods that would work best for their use cases.","Importantly, we would like liquidity oracle data to meet three criteria:","The liquidity estimates provided are treated as advisory, not necessarily as ground truth.","Manual updating on the protocol side doesn’t need to happen too often.","Data provided is used conservatively to stop potentially bad actions from taking place but doesn’t lead the protocol to make catastrophic decisions/contribute to an exploit.","There are two primary reasons our v1 Liquidity Oracle consists of off-chain provision of estimates as opposed to an on-chain stream:","1. Liquidity is a more difficult concept to define than price and requires a degree of subjective judgment. This is because liquidity estimates attempt to predict how much market impact will occur in the future, even though that information is not empirically determinable in the present as resting orders can be removed by the time execution takes place. Moreover, there is greater uncertainty around how liquidity information should be used, in contrast to how price data is relatively well-understood in DeFi. Thus, we wanted to make room for human judgment. Off-chain data provision gives protocols more license to determine how to use the liquidity information.","2. Because market depth and liquidity estimates generally do not change in terms of order of magnitude very quickly, and because protection against illiquidity risk relies more on the general level of liquidity rather than exact estimates, consumer protocols will likely not have to fiddle with this number too often. This means protocols will not need to update their risk parameters on chain at a frequency that would constitute poor UX.","Later versions may involve making the liquidity oracle available fully on-chain through a version of Pyth’s on-demand or “pull” model.","Liquidity is a distribution, in the sense that a token’s liquidity is technically defined by the available quantity to be bought/sold at every possible price. For our intents we can approximately convey the distribution using a few key summary statistics, since the goal of a liquidity oracle is to compactly express this distribution to consumers. Liquidity Oracle V1 does that via Kaiko publishing summary statistics of the following form:","where ℓₓ is the quantity of tokens available to be bought/sold (note this is denominated in number of tokens, not dollar denominated) between the current price p and (1 + x) ⋅ p. As will be seen below, downward liquidity numbers (i.e. bid-side liquidity) express how much of the token could conceivably be sold in the open markets without making excessive market impact. The same is true with upward liquidity numbers (i.e. ask-side liquidity) with respect to how much of the token could conceivably be bought in the open markets without making excessive market impact.","Kaiko provides averages of {ℓₓ} over different time periods, e.g. 1 hr, 1 day, 1 week. This allows protocols to decide how regularly they want to monitor liquidity information and potentially update their risk measures. A very active protocol for example may wish to keep track of hourly averages and make more updates to their risk measures. Meanwhile, a less sensitive protocol may be happy to track longer averages on the order of days or weeks and update much more infrequently, in order to cut down on the logistical and gas costs of updates. Protocols could also choose to incorporate averages over different timeframes into their risk measures for robustness or other reasons.","Note that the liquidity estimates are denominated in terms of number of tokens, not in dollars. From a worst-case perspective, representing the liquidity estimates in terms of number of tokens is preferable to denominating in dollars: in the case of a crash, both the token’s price and its liquidity in terms of number of tokens available could fall. If the oracle were to denominate the liquidity estimates in terms of dollars, it would be vulnerable to a double whammy decrease in liquidity from the posted estimates. By denominating in tokens and allowing the user to incorporate the updated price, the oracle at least addresses one of the sources of potentially decreasing liquidity.","Kaiko sources order book data from every active instrument listed on nearly 100 centralized exchanges. This encompasses the vast majority of crypto market activity, which is overwhelmingly concentrated on a handful of exchanges such as Binance, Coinbase, and Okex.","Kaiko collects two order book snapshots a minute for each instrument. For example, Binance lists 1,350 active markets, and Kaiko will take 2 order book snapshots a minute for each one, and automatically start collection for new instruments added.","All order book snapshots include bids and asks placed within 10% of the mid price. Thus, 10% market depth will comprise the total sum of bids and asks placed within 10% of the mid price. The same methodology applies to price ranges between .01–10%. All bids and asks are denominated in the base unit of the trading pair.","Kaiko’s order book data is then averaged across time intervals ranging from 1m to 1d. For example, daily 10% depth would take the average market depth for all order book snapshots taken during that time interval.","Kaiko’s instrument-level order book data can also be aggregated across multiple markets. For example, ETH market depth could take the sum of all bids/asks on ETH-USD, ETH-USDT, ETH-USDC, and ETH-BUSD order books. This would give a market-wide measure for ETH liquidity.","One thing to note is that not every exchange enables full order book collection, so for some exchanges, the depth collected will not encompass the full 10%. Thus, measures for market depth will be the maximum amount available within the 10% range.","To interact with Kaiko’s API to source these estimates, we refer you to this demo repo that contains Python code to get liquidity estimates and create helpful visualizations.","Consumer protocols could use the provided estimates to create risk parameters, take emergency action, etc. We consider the case of a lending protocol that wishes to protect against issues with illiquid tokens.","There are three immediate ways that lending protocols can limit their risk surface:","1. Limit the number of tokens that can be deposited as collateral in the protocol — the limit can be set to the number of tokens that relate to a certain market depth or that, if sold, would induce a certain slippage.","This could protect a protocol from being stuck with bad debt in the case that the amount to be liquidated exceeded the buy-side liquidity on open markets. For limiting the number of tokens that can be deposited as collateral, the limit could be set in coordination with the liquidation penalty of the protocol. If the liquidation penalty were 5%, for instance, then the protocol might want to limit the number of tokens that can be deposited to be no more than the 5% market depth amount. Different protocols could adopt different market depth limits in line with their desired level of conservativeness.","2. Set the price at which the collateral is valued in line with slippage of the total deposited amount — instead of being valued at the oracle price, collateral tokens are valued at a discounted price. The discount increases as more of the collateral token is deposited or borrowed.","We propose the valuation price of the collateral to be a function v dependent on pᵢ, the initial discounted collateral valuation price (when there are 0 deposits), pᵥ, the final discounted collateral valuation price (possibly set in line with the liquidation penalty), D, the maximum quantity of tokens allowed to be deposited as collateral in the protocol, and d, the current quantity of tokens deposited as collateral in the protocol. One possible v is given below:","This is just a linear interpolation between the points (d = 0, pᵢ) and (d = D, pᵥ), i.e. between the initial collateral valuation price at 0 deposits and the collateral valuation price at maximum deposits. The liquidity information used to determine the maximum number of tokens that can be deposited into the protocol D sets this equation. pᵢ and pᵥ are functions of the current oracle price and define the initial and final discount, with pᵢ = pₜ ⋅ xᵢ, pᵥ = pₜ ⋅ xᵥ, xᵢ, xᵥ ≤ 1. To stay in line with the linear interpolation model, we would advise setting the final discount rate xᵥ to the ratio of the price point that has liquidity for D tokens to the current oracle price, and setting the initial discount rate xᵢ ∈ [xᵥ, 1].","This approach to valuing collateral would allow the collateral to be appropriately valued as it grew in size across the protocol, as opposed to the protocol assuming incorrectly that the collateral could be completely liquidated at the oracle price. However, this design could create poor UX, if borrowers were not aware that the valuation price of their collateral was variable depending on supply and unwittingly got liquidated; however, keeping xᵥ relatively close to 1 makes it so that the maximal drift is small, so a user would only get liquidated if they were anyways dangerously close to the liquidation point. Alternatively, for a simpler and more interpretable formula, a protocol could just choose to always value collateral at pᵥ, which would not vary with the amount of collateral deposited in the protocol and would constitute a conservative max discounted price. This would sacrifice some capital efficiency but possibly improve the UX.","The implementation of this method for valuing collateral is found here, and an analogous method for valuing borrow positions is found here.","3. Limit the number of tokens that can be borrowed from the protocol — the limit can be set to the number of tokens that relate to a certain market depth on the ask side.","This risk measure would effectively prevent a short squeeze a la Eisenberg’s attempt on Aave, by preventing a user from taking out a huge loan on an illiquid token. It should be noted that the limit on the collateral deposits should likely in practice prevent any short squeeze in the first place, but in theory, if the bid-side liquidity is much larger than the ask-side liquidity, then a short squeeze attack could still be possible. This is because the bid-side liquidity informs how much of collateral a liquidator can profitably take on and liquidate, while the ask-side liquidity informs how much of a borrowed token a liquidator can profitably purchase to make the repayment. The limit here could be set in coordination with the risk tolerance and conservativeness of the protocol.","Consumers could store either the liquidity estimates or their derived risk parameters in their contracts and alter them whenever they became stale. This could be done via governance or other mechanisms that are up to the discretion of the protocol.","Aave V3 has already implemented supply and borrow caps in line with illiquidity-centered thinking. For each pool, those caps are configurable via governance. However, Aave’s limits are mostly informed by extended risk modelling discussions; in contrast, the Pyth Liquidity Oracle provides consumers with a sensible set of values they can use to inform their supply and borrow caps.","We have thought about additional improvements that could be made to these first-order safety rails. For instance, instead of naively constraining the protocol’s collateral to a target market depth/slippage level, a sophisticated protocol could try to ensure that for any given price range, no more than that target market depth/slippage amount can be liquidated. However, this is extremely difficult to ensure with today’s lending protocol tech stack. We leave this potential enhancement to future design iterations.","Another idea is eliminating the deposit limit and value all collateral accounting for slippage of the overall collateral position in the protocol. This is unfortunately subject to the malicious attack whereby the attacker deposits a lot of a token to liquidate other vaults using that token as collateral. Any attempt to generalize the valuation price formula beyond a relatively tight deposit limit would need to address this attack vector.","One other improvement could involve limiting the use of prices that are substantially greater than other recently used prices. There are some substantial issues with limiting price movements in general; one can imagine that, for a lending protocol, limiting the downward movement of prices could enable severe consequences, such as in the case of a token’s legitimate crash. However, preventing a user from using rapidly inflated prices could safeguard the protocol against price manipulation attacks (a la Mango). Of course, there are many complicating factors in the design. Importantly, the protocol would want to prevent using rapidly upward moving prices for collateral assets in particular and not make any such limitations for debt assets, since that could pose a risk to the protocol’s health. Moreover, one can envision more complex multicollateral situations where such limitations could cause unfair liquidations. The implementation details around how to achieve this are also nontrivial; we leave the design and implementation of any such feature to future efforts.","As noted above, in the long run we may create an aggregation mechanism for liquidity information and move the module on-chain onto Pythnet. From there, information could be streamed onto target chains via the on-demand model — similar to price information, although likely at lower frequencies.","Designing an aggregation mechanism and handling the huge volume of liquidity distribution data for many symbols are nontrivial; we have discussed these previously. We also hope to work with the community to develop more sophisticated risk parameters for generalized use cases. But these are challenges we hope to tackle and resolve, for DeFi certainly needs accurate liquidity information to see real growth.","In the immediate future, we hope and encourage that consumer protocols leverage v1 of the Liquidity Oracle to protect against illiquidity risks, and we welcome any thoughts from community members as we continue to iterate.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-liquidity-oracles-v1"},"/blog/new-pyth-data-provider-tophash-digital":{"version":1,"title":"New Pyth Data Provider: Tophash Digital - Blog - Pyth Network","description":"Pyth welcomes Tophash Digital, a leading proprietary trading firm, to enhance DeFi data offerings and liquidity solutions.","keywords":"","h1":["New Pyth Data Provider: Tophash Digital"],"h2":["Who is Tophash Digital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth welcomes Tophash Digital, a leading proprietary trading firm, to enhance DeFi data offerings and liquidity solutions.","Data Providers","Mar 21, 2023","We are pleased to welcome Tophash Digital, a leading proprietary trading company, to the Pyth network. Tophash will further empower Pyth to offer high-quality data to decentralized finance (DeFi) applications and the general public.","Tophash Digital is one of the leading proprietary trading companies that specializes in offering global liquidity solutions for cryptocurrency","As an algorithmic market-maker, the firm provides unparalleled liquidity services across the derivative and spot markets, covering both centralized and decentralized exchanges.","\"As a technology-driven trading firm we are well-versed in the requirements of reliable, low-latency data; and the robust infrastructure needed for providing high-quality data to deliver the best possible outcomes for users,\" said Jingcheng Li, CEO of Tophash Digital commented.\" We have found that Pyth network is a reliable source that can seamlessly aggregate and distribute data from leading institutional partners. Its’ infrastructure is second-to-none, providing a reliable channel for its data to be consumed properly. We are proud to collaborate with the Pyth team and believe that it is an integral component of the ever-evolving cryptocurrency ecosystem.\"","\"It is fantastic to see another leading crypto trading firm, and an experienced participant in decentralized finance infrastructure, join the Pyth network as a data contributor,\" said Stephen Kaminsky at Jump Crypto, one of the lead contributors to Pyth. \"We look forward to working alongside Tophash to help elevate the reliability and robustness of Pyth, and excited to see their contribution expand from liquidity provision to data in the broader crypto space.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Tophash Digital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-tophash-digital"},"/blog/new-pyth-data-provider-digital-asset-research":{"version":1,"title":"New Pyth Data Provider: Digital Asset Research - Blog - Pyth Network","description":"Pyth network welcomes Digital Asset Research (DAR) to enhance crypto data with clean, real-time prices for high-fidelity insights.","keywords":"","h1":["New Pyth Data Provider: Digital Asset Research"],"h2":["Who is Digital Asset Research?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network welcomes Digital Asset Research (DAR) to enhance crypto data with clean, real-time prices for high-fidelity insights.","Data Providers","Mar 21, 2023","We are pleased to welcome Digital Asset Research (DAR), a leading provider of ‘clean’ crypto data, to the Pyth network! DAR will contribute real-time market prices for crypto assets to the network to ensure that Pyth continues delivering high-fidelity price data.","Digital Asset Research (DAR) is a specialized provider of ‘clean’ digital asset data, insights, and research for institutional clients.","Since 2017, DAR leads by rigorously vetting out noisy inputs for flagship clients such as Bloomberg, FTSE Russell, and Wilshire.","Each day, DAR processes 200+ million trades to calculate 10,000+ institutional-quality digital asset prices and deliver a range of product solutions to navigate the cryptoverse.","\"As a specialized provider of digital asset data, we’re honored to join Pyth in growing their oracle network and to contribute to the DeFi ecosystem overall,\" said Doug Schwenk, DAR’s CEO. “We look forward to furthering their greater mission of delivering reliable, accurate, real-time pricing data to hundreds of applications from lending protocols to derivative platforms.\"","\"DAR is trusted by leading institutions for the quality and depth of their crypto market data,\" said Abhimanyu Bansal, a contributor to the Pyth Data Association, stated. \"In the same vein, Pyth, as the leading oracle, has been immensely successful in bridging the gap between traditional and decentralized finance. We are confident that our partnership together will promote the growth of and attract new participants to DeFi\".","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Digital Asset Research","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-digital-asset-research"},"/blog/introducing-the-pyth-benchmarks":{"version":1,"title":"Pyth Benchmarks: Historical Price Data On Demand - Blog - Pyth Network","description":"Pyth Benchmarks launched: Standardized, historically queryable data measurements for on-chain oracles. Enables access to historical prices.","keywords":"","h1":["Pyth Benchmarks: Historical Price Data On Demand"],"h2":["What are Benchmarks?","How Can Crypto Add Value to Benchmarks?","Pyth Benchmarks: Historically Queryable Prices"],"h3":[],"h4":["Similar stories"],"h5":["Blue Ocean ATS Joins Pyth Network: Institutional Overnight Hours US Equity Data","Introducing Pyth Pro: Reinventing the Market Data Supply Chain","Entropy V2: Onchain Randomness Gets an Upgrade","The Price of Everything: The Hang Seng Index Is Now Onchain—No Terminal Required","Making the UK’s Most Traded Equities Accessible to All—No Terminal Required","The World’s Most Traded ETFs, Now On-Chain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Benchmarks launched: Standardized, historically queryable data measurements for on-chain oracles. Enables access to historical prices.","New Products","Mar 21, 2023","We’re excited to announce the launch of Pyth Benchmarks, a product that offers a set of standardized measurements that are historically queryable. Benchmarks will be usable by downstream data users who need access to historical prices, and eventually, other types of historical data.","In this post, we introduce the notion of benchmarks, discuss their use cases in the traditional financial world, and motivate the case for a high-frequency on-chain oracle like Pyth to provide benchmarks for the markets of the future.","Benchmarks are a broad class of standards used in the financial world to steer market participants’ decisions and arbitrate payouts. The umbrella of benchmarks includes:","Reference prices (e.g. Bitcoin reference rate)","Indices (e.g. S&P500, Agg)","Reference rates (e.g. LIBOR, SOFR, Fed Funds Rate)","Corporate information (e.g. earnings)","Credit, ESG, business, etc. ratings","As the list suggests, benchmarks can serve a variety of purposes. Indices like the S&P500 simplify the process of tracking aggregate stock and market performance and replicating them in an investment portfolio. Reference prices and rates enable derivative instruments to be structured in ways that are agreed upon by different parties. Corporate earnings and bond credit ratings inform very granular views into a company’s health and risk.","What unifies these disparate types of benchmarks is that their calculation and presentation are standardized. The value of the S&P500 index is calculated and made available at any time by S&P Dow Jones Indices LLC, an entity that is the authoritative source for the index. Earnings are disclosed by companies themselves in the form of a public earnings report, and corporate credit ratings are set by companies like Moody’s. Benchmarks may also be calculated by committees, such as in the case of LIBOR.","In fact, the primary value of a benchmark is its ability to provide standardization. Without conventionally agreed upon benchmarks, every player may use a different value in their settlement or evaluation process. Two futures contracts alleging to track the aggregated performance of the top 500 stocks listed in the U.S. cannot be blindly trusted to track the same number without an underlying index that standardizes that computation. In some cases, the authoritative benchmark to use has been determined as a result of incumbency — established providers like S&P and Bloomberg have created a name for themselves in the index space and thus continue to dominate. In other cases, previous failures like the LIBOR scandal have led to the creation of new benchmarks like SOFR that aim to iterate on the shortcomings of their predecessors.","Currently, crypto lacks standard benchmarks. The lack of standardization means that investors are hard-pressed to find reputable sources of the types of benchmark data featured in TradFi. It also fragments liquidity for aggregated and derivative products, as two products tracking the same general concept through two different benchmarks are not fungible.","We do not mean to suggest that becoming an institutional benchmark provider in crypto is as easy as announcing a standard and expecting consumers to universally gather around. Rather, we expect the greater transparency of the blockchain to empower consumers to evaluate different data sources for quality and reliability and to experiment with new types of benchmarks. Accordingly, weak benchmark mechanisms will be effectively filtered out in favor of products that bring data to the consumer reliably and directly from the source.","Blockchains enable benchmarks to achieve two valuable attributes:","Transparency, which provides attribution and fidelity for the published data.","Low latency, which enables relatively granular benchmarks.","Blockchains are generally open access to read, which means anyone can view the submissions of different parties to an aggregation and see that the aggregated result is in line with those submissions. Pyth’s Price Feeds exemplify this virtue, as individual price submissions by Pyth data providers are publicly viewable. Benchmarks sourced from on-chain data would be immediately verifiable and could be continually inspected for evidence of manipulation or errors. Any such efforts could be immediately traced back to the responsible parties, which discourages manipulation and allows for faster resolution of issues. No matter how complicated the aggregation or calculation methodology behind a benchmark, suspicious values and abnormal submissions by data publishers on-chain would be immediately subject to public scrutiny.","Moreover, the original innovation of blockchains is the powerful consensus mechanism they feature to ensure liveness, even when the validators and users of the chain are mutually distrusting. Current blockchains can support this service while offering sub-second block times, facilitating benchmarks that update frequently. Pythnet Price Feeds showcase this speed, with aggregate price updates for a feed happening up to once every 400ms. These updates are almost immediately consumable on target chains. This same workflow can be applied to benchmarks, whether or not they involve decentralized aggregation. Benchmarks on-chain can be streamed and consumed with high frequency, which allows for more regular updates and therefore less market sensitivity around individual updates.","Pyth Benchmarks provide access to historical Pyth prices for both on- and off-chain applications. Users can access this data via the new Benchmarks page on the website, which lets users search the dataset of historical asset prices. Users can also programmatically access this data via a Web2 API hosted by the Pyth Data Association. This API returns signed data that can be verified on-chain, enabling the use of benchmark data in DeFi protocols.","This new Benchmarks offering builds on the existing Pythnet Price Feeds, which already provide real-time prices for 200+ assets. These prices already meet all the requirements of a good benchmark:","All of the source data is provided by reputable first-party publishers.","The data is robustly and transparently aggregated on the Pythnet blockchain, and anyone can verify the computation.","The price feeds update every second.","Every price update is signed and verifiable on 13+ blockchains.","For Benchmarks, the network created a historical database of these prices, and exposed APIs for searching and retrieving this data. Benchmarks thereby provide a standard reference price time series for all of the assets listed on Pyth. It also allows DeFi applications to use the same high-quality price data for contract settlement and other applications that traditionally reference a benchmark price.","Pyth Benchmarks already empower leading DeFi applications across various blockchains. For example, Ribbon Finance, the leading decentralized option vaults (DOV) protocol on Ethereum, Solana and Avalanche, is already leveraging Pyth Benchmarks to settle its weekly 08.00AM crypto options. Thanks to the quick availability of Pyth Benchmarks data, Ribbon is able to retrieve the necessary settlement prices within seconds of their expiries and settle those instantly, improving the overall UX.","“Pyth price feeds help with accuracy for settlement of options contracts. There is usually over $100m of open interest we need to settle every week, so the accuracy really matters. Pyth has delivered on this without any hiccups.” – Julian Koh, Co-Founder of Ribbon Finance","Another value-add of having a fast option settlement process is that the platform market makers will not have to hedge their exposure in between the real-life expiry (08.00AM) and the usual 10-minute delayed settlement provided by existing oracles to on-chain options protocols (providing the 08.00AM price at 08.10AM).","“As a leading institutional crypto trading firm and global derivatives market maker, we are excited to utilise Pyth Benchmarks and its feeds to drive DeFi options protocol development. Pyth Benchmarks’ instantaneous settlements, low-latency and reputable data help to push the boundaries of the ecosystem, enabling DeFi to progress to the next level. We are delighted to be one of the first crypto players to partner with Pyth on this solution.” – Darius Sit, Founder and CIO, QCP Capital","The current version of Benchmarks provides access to the price of any given asset at any time. Going forward, the Pyth network will extend this offering to provide access to combinations of prices across assets and times. For example, contracts often settle on the time-weighted average price (TWAP) of an asset over an interval. In the future, Benchmarks will enable this use case by allowing users to retrieve TWAPs. Another direction is to support indexes combining the prices of multiple assets, similar to stock indexes such as the S&P 500.","Find more information about the Pyth Benchmarks in the documentation.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on Twitter. You can also learn more about Pyth here.","Blog","Sep 25, 2025","Sep 24, 2025","Jul 31, 2025","Jul 28, 2025","Jun 18, 2025","Jun 10, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/introducing-the-pyth-benchmarks"},"/blog/pyth-monthly-update-february-2023":{"version":1,"title":"Pyth Network Monthly Update | February 2023 - Blog - Pyth Network","description":"Pyth network expands in 2023 mirroring 2022 success with growing blockchain data access and expanding oracle adoption.","keywords":"","h1":["Pyth Network Monthly Update | February 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network expands in 2023 mirroring 2022 success with growing blockchain data access and expanding oracle adoption.","Updates","Mar 21, 2023","“In February there is everything to hope for and nothing to regret.” – Patience Strong","There’s a strange yet exciting parallel between 2023 and 2022 for the Pyth network. Perhaps it’s because of the familiar signs of successful expansion: Pyth data is increasingly available across ever more blockchains, and data providers continue to join the leading first-party oracle network. More and more applications downstream are becoming #PoweredByPyth.","In the meanwhile, your favorite #PoweredByPyth applications are experiencing breakneck growth! Zeta Markets and Drift — the popular perpetual protocols on Solana — have broken symbolic trading volume milestones.","The same goes for perpetuals on Arbitrum (CAP Finance) and Optimism (Kwenta and Decentrex via Synthetix — $500M monthly trading volume). Let it be known: Pyth data supports robust trading volume growth. Upstarts like Poison Finance (Arbitrum) are also joining the fray, enabling exposure to a variety of financial assets from crypto and beyond.","Lastly, it turns out that Pyth is indeed based. Upon Coinbase’s reveal of Base, their new Ethereum Layer 2, the world also learned that Pyth data is already available for builders ready to #BuildOnBase. That’s the Pyth motto after all: fast delivery.","CAP Finance V4 — perpetuals on Arbitrum — is now live and #PoweredByPyth","Poison Finance — synthetic on Arbitrum — is live and #PoweredByPyth","DeriTrade — perpetuals on BNB Chain — is live on testnet and #PoweredByPyth","Synthetix Perpetuals V2 on Optimism now offer 23 assets for trading, #PoweredByPyth of course","Kwenta — perpetuals on top of Synthetix — hit all time high in daily trading volume — close to $500M in the past month","Zeta Markets — perpetuals on Solana — launched the $APT perpetual market","Drift — perpetual platform on Solana — TVL climbing up (as well as volume!)","Drift V2 reaches $100M in trading volume","TopHash Digital joins the network as a data publisher","Digital Asset Research will contribute market data to the Pyth network","Sentio — analytics platform used by the network — raised $6.4M","Introducing: Pyth Benchmarks!","Milestone: 100K on-demand price updates (Feb 1st)","Pyth releases its first Liquidity Oracle Iteration in Partnership with Kaiko","Pyth Data is now live on Base testnet — Coinbase Layer 2","Pyth coming to Polygon zkEVM?","PsyLend goes cross-chain with Wormhole","Trade any Pyth price feeds on Solana with Vyper","New Price feeds available: 1INCH/USD, BIT/USD, BONK/USD, FLOKI/USD, OP/USD, and DYDX/USD","Pyth Roadmap Talk @ The Pit Denver","Pyth contributor talking @ MOVECON","Pythians participating in the Kucoin Builder House ETH Denver","Pyth Presentation at the Furnace Hackathon brought to you by Ferum and Aptos","Pyth presentation at Aptos World Tour in Seoul, South Korea","New Solana Developer Program brought to you by NAS Academy","Solana Grizzlython Launching!","From Pythia, oracle of Delphi, to Pyth, oracle of DeFi — IEX Podcast","Pyth on IEX Podcast: Soundbite on Price Aggregation","Telegram AMA with Floki following the release of the FLOKI/USD price feed","Twitter Space Derivs and Chill with Zeta","Twitter Space with Poison, new synthetics platform on Arbitrum","Twitter Space with Forge, Ferum, Aries, Tsunami and Pontem for the Furnace Hackathon","Twitter Space with Perpy Finance following Pyth launch on Arbitrum","Twitter Space brought to you by Tsunami Finance with Zeta, PsyOptions, MarginFi, Vyper, Cypher and GooseFX","Pyth mid-February Substack","Pythian Auri_0X take on Pyth","Another one from Auri_0x","Pyth is 🔮","A Pythian thread","A Pithy Substack","The Sea-riously Crypto featuring Pyth","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-february-2023"},"/blog/new-pyth-data-provider-trebuchet-network":{"version":1,"title":"New Pyth Data Provider: Trebuchet Network - Blog - Pyth Network","description":"Pyth Network welcomes Trebuchet Network, an AI analytics firm, to enhance DeFi with real-time crypto price data and market intelligence.","keywords":"","h1":["New Pyth Data Provider: Trebuchet Network"],"h2":["Who is Trebuchet Network?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Trebuchet Network, an AI analytics firm, to enhance DeFi with real-time crypto price data and market intelligence.","Data Providers","Mar 21, 2023","We are pleased to welcome Trebuchet Network, a cutting-edge analytics firm, to the Pyth network. Trebuchet will contribute real-time crypto prices as part of the company’s commitment to share its range of data intelligence on-chain to empower the DeFi ecosystem.","Trebuchet Network is a platform that leverages AI and machine learning to provide accurate market analysis for traders in crypto, forex, commodities, and equity.","The platform partners with Signal Provider Partners (SPPs) and Execution Strategy Partners (ESPs) to offer trading signals and execute trades.","Trebuchet Network will be leveraging their advanced AI technology to equip the Pyth network with a reliable, advanced pricing source that encourages efficient markets, mitigates information discrepancies among market participants, and hastens the embrace of digital assets. Furthermore, Trebuchet will be incorporating the Pyth data feeds into their Forge platform as a dependable reference rate.","“We are thrilled to be teaming up with Pyth, a leader in on-chain market data solutions,” said Ivo Galic, CEO and founder at Trebuchet Network. “Our advanced AI capabilities will be an invaluable asset to the Pyth mission of powering on-chain DeFi and Web3 protocols. We look forward to contributing our AI-derived prices and to bringing our range of data intelligence on-chain to support more DeFi products.”","“Not only does Trebuchet bring valuable new price data to Pyth, joining a growing a community of now 75 data publishers, but they also bring technical expertise in cloud architecture, blockchain technologies, and web3 infrastructure. This is a powerful partnership to help further the Pyth mission,” said Stephen Kaminsky, Special Projects at Jump Crypto, one of the leading contributors to the Pyth network.","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Trebuchet","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-trebuchet-network"},"/blog/pyth-data-is-live-on-tradingview":{"version":1,"title":"Pyth Data is Live on TradingView - Blog - Pyth Network","description":"Pyth Price Feeds now on TradingView! Access high-fidelity on-chain data for 50M+ traders & investors via TradingView’s charting platform.","keywords":"","h1":["Pyth Data is Live on TradingView"],"h2":["Pyth on TradingView — Empowering Builders","Pyth on TradingView — Empowering Traders","What’s next?"],"h3":["TradingView","Pyth","Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now on TradingView! Access high-fidelity on-chain data for 50M+ traders & investors via TradingView’s charting platform.","Events","Mar 21, 2023","We’re delighted to announce that Pyth Price Feeds are now integrated into TradingView, the leading charting platform and social network trusted by 50M+ traders and investors worldwide! Starting today, anyone using TradingView can now access Pyth historical and live price data from the TradingView website, as well from their off-chain API.","“We’re excited to bring Pyth to the TradingView ecosystem and give our global customers access to their high fidelity on-chain data as well as derivative instruments for global markets,” said Pierce Crosby, General Manager at TradingView. “We have been watching the Pyth contributor ecosystem grow for some time, with major traditional finance firms and native crypto networks adding datasets. The scale of the data is tremendous, and we see that it makes sense to share these contributions to the larger investor universe.”","“The addition of Pyth data to TradingView, the number one platform for charting financial data with over 50 million users, is a major success for the network and will further empower existing and prospective users of Pyth data”, said Mike Cahill, a Director of the Pyth Data Association. “Not only this integration will increase the reach of the Pyth price feeds to the world, but this will enable any #PoweredByPyth applications to quickly super-charge its user interface with the TradingView plugin.”","TradingView can now display Pyth data to users from the off-chain API and website: all Pyth prices originate from Pythnet and are retrieved from the Pyth Data Association database following the TradingView specifications.","This exciting integration opens the doors for developers to tap into Pyth data from the TradingView plugin and supercharge the visual interface of their platform!","With this simple endpoint (following the standard TradingView specifications), you can now build a historical chart for more than 200 Pyth-supported markets in just a few minutes.","As of today, anyone can access the 200+ Pyth historical price data from TradingView!","To find Pyth Price Feeds on TradingView, you can open the search bar and filter for Crypto while searching for “Pyth” as the source. The interface will show you a shortlist of markets ranked on usage within TradingView.","As you use Pyth prices more frequently on TradingView, you’ll be able to find them without filtering!","TradingView is the world’s most popular network of traders and investors — powered by real-time data and market-leading analysis software. Use its platform to follow global assets, find trading ideas, chat with others, spot trends, and place trades directly with brokers. Have a look by visiting TradingView website or downloading the free TradingView mobile apps for iOS and Android. For your website or business, visit the TradingView Widgets.","The Pyth network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $35B in total trading volume, with over 750K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include additional ERC tokens.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-data-is-live-on-tradingview"},"/blog/pyth-launches-price-oracles-on-cronos":{"version":1,"title":"Pyth Launches Price Oracles on Cronos - Blog - Pyth Network","description":"Pyth Price Feeds now live on Cronos! Access 200+ price feeds for equities & commodities, empowering Cronos builders like Fulcrom.","keywords":"","h1":["Pyth Launches Price Oracles on Cronos"],"h2":["Pyth on Cronos","Cronos","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on Cronos! Access 200+ price feeds for equities & commodities, empowering Cronos builders like Fulcrom.","Blockchains","Mar 21, 2023","We’re excited to announce that Pyth Price Feeds are now live on Cronos, the leading EVM-compatible chain build on the Cosmos SDK. Cronos-based applications like Fulcrom, a decentralized perpetual exchange, are already leveraging Pyth data to offer soon-to-be-revealed products!","We look forward to supporting the broader Cronos ecosystem by unlocking once inaccessible financial data for builders. Builders on Cronos chain can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency! Our integration with Cronos is made possible thanks to Wormhole and many leading Cronos contributors.","“We are excited to announce the integration of Pyth network with the Cronos chain. With Pyth’s integration, Cronos developers can now access reliable, accurate and real-time data feeds that are crucial for onchain smart contracts to interact with off-chain data sources.” said Ella Qiang, Head of Ecosystem at Cronos Labs. “We look forward to seeing the positive impact this partnership will have on the Cronos ecosystem and our DeFi community.”","The Pyth Network introduces an innovative on-demand pull model oracle, where users are empowered to push available prices on-chain when needed to enable everyone in that blockchain environment to access that data point.","Pyth data on Cronos is already been leveraged by Fulcrom, a decentralized perpetual exchange that allows users to trade leveraged positions with low fees and zero price impact, while having the peace of mind that all trades and collateral are stored transparently on-chain.","By integrating with Pyth low-latency price feeds, DEXs or borrow-lending protocols can offer lower fees to users, as they are less likely to receive toxic trading flow or delayed price points from using a stalled oracle.","As of today, builders on Cronos can permissionlessly request and directly consume any of Pyth’s 200+ price feeds for equities, commodities, FX pairs, and cryptocurrencies!","“Having fresh data is essential for traders to stay agile and responsive in all market conditions. Fulcrom is integrated with Pyth Data for price and data feeds to keep traders informed, allowing you to get accurate insights and stay alert to market changes and trends, said Fulcrom Finance Product Manager. “The teams are collaborating with the same goal to enhance the trading experience in Cronos, and we would love to hear your feedback.”","Cronos is the leading EVM-compatible chain build on the Cosmos SDK. Cronos aims to massively scale DeFi and GameFi by providing developers with the ability to rapidly port dApps from Ethereum and EVM-Compatible chains, while also benefiting from the multi-chain thesis of the Cosmos ecosystem.","Cronos is powered by the open-source project Ethermint, which allows for the rapid porting of smart contracts from Ethereum and EVM-compatible chains. The Inter Blockchain Communications (IBC) protocol enables interoperability and bridging between Cronos and the Crypto.org Chain as well as other Cosmos chains.","For more information, please visit Cronos website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $35B in total trading volume, with over 750K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include additional ERC tokens.","More details are available on our website, whitepaper, docs, and wiki.","“With over 100 dApp integrations over many blockchains, it is clear that applications across the board are quickly realizing the benefits that the Pyth Network delivers via vast amounts of low-latency, high-quality and on-demand market data,” said Mike Cahill, Director of the Pyth Data Association. “We are excited to further expand to Cronos and empower its community with reliable market data so that builders across DeFi have the infrastructure needed to build the future of finance.”","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Cronos community, you will soon see many more Cronos ecosystem tokens supported on the network as well as Cronos applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-cronos"},"/blog/pyth-launches-price-oracles-on-injective-testnet":{"version":1,"title":"Pyth Launches Price Oracles on Injective (Testnet) - Blog - Pyth Network","description":"Pyth Price Feeds now live on Injective testnet!  Injective DeFi applications like Helix gain access to Cosmos data for innovative financial products.","keywords":"","h1":["Pyth Launches Price Oracles on Injective (Testnet)"],"h2":["Pyth on Injective","What’s Next?"],"h3":["Injective","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on Injective testnet!  Injective DeFi applications like Helix gain access to Cosmos data for innovative financial products.","Blockchains","Mar 23, 2023","We’re excited to announce that the Pyth Price Feeds are now available on Injective (testnet), a lightning fast blockchain optimized for building financial applications. Leading applications from the Injective ecosystem like Helix, a decentralized order book exchange for crypto spot and derivatives trading, are looking to leverage Pyth data to offer yet seen products on Cosmos.","We look forward to supporting the Injective DeFi community and helping grow the broader Cosmos ecosystem by unlocking once inaccessible financial data for builders. Builders on Injective (Testnet) can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency! Our integration with Injective is made possible thanks to Wormhole and many leading Injective contributors.","“We are thrilled to be working with Pyth to bring novel asset data into the Injective universe. Now developers create markets with high fidelity on-chain data, bringing forth a new paradigm of cross-chain data composability,” said Injective Labs co-founder and CEO, Eric Chen.","“Injective is one of the most successful blockchains within the Cosmos Hub to date, which is one of the many reasons why this integration is significant,” said Mike Cahill, a director of the Pyth Data Association. “We are excited to officially join the Cosmos ecosystem as we continue to provide developers with high-quality data and enable a revolution within DeFi.”","The Pyth Network introduces an innovative On-Demand Pull Model oracle, where users are empowered to push available prices on-chain when needed and thereby enable everyone in that blockchain environment to access that data point.","The Pyth integration allows dApps on Injective to access never before seen assets and markets. For example, applications on Injective such as Helix could utilize Pyth to create markets for new crypto assets or real-world assets (RWAs). This could mean that users could now access prices for metals, forex, and more in an entirely decentralized setting rooted in transparency.","For more information about using Pyth data on Cosmos, check out our documentation.","Injective is a blockchain where developers can find robust out-of-the-box modules such as a completely decentralized orderbook that can be utilized to build a diverse array of sophisticated applications. Moreover, Injective operates as an open interoperable smart contracts platform.","Injective is built using the Cosmos SDK and is able to attain instant transaction finality using the Tendermint proof-of-state consensus framework. In addition, Injective can facilitate fast cross-chain transactions across the largest layer one networks such as Ethereum and Cosmos Hub.","The Injective ecosystem is a network of decentralized applications that focus on providing the best in class user experience. By providing the unrestricted and unprecedented ability to access decentralized financial markets, products, services and toolings, the ecosystem strives to empower individuals with the ability to more efficiently allocate capital.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include Cosmos ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Injective and Cosmos community, you will soon see many more Cosmos ecosystem tokens supported on the network as well as Cosmos chains accessing Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Cosmwasm","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-injective-testnet"},"/blog/pyth-launches-price-oracles-on-zksync-era":{"version":1,"title":"Pyth Launches Price Oracles on zkSync Era - Blog - Pyth Network","description":"Pyth Price Feeds now live on zkSync Era! Access 200+ price feeds for DeFi builders, boosting the Ethereum ecosystem’s growth.","keywords":"","h1":["Pyth Launches Price Oracles on zkSync Era"],"h2":["Pyth on zkSync Era","What’s Next?"],"h3":["zkSync Era","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on zkSync Era! Access 200+ price feeds for DeFi builders, boosting the Ethereum ecosystem’s growth.","Blockchains","Mar 28, 2023","We’re excited to announce that Pyth Price Feeds are now available on the newly launched Ethereum zkEVM: zkSync Era! This deployment on zkSync Era was made possible thanks to the amazing contributors at Matter Labs.","We look forward to supporting the zkSync Era community and helping grow the broader DeFi ecosystem by unlocking once inaccessible financial data for builders. Builders on zkSync can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrencies! We’re kicking off our launch with Derivio, OT, and Nexon Finance, all of who will soon be or are already #PoweredByPyth.","“Data availability is key to increasing much-needed transparency on chain, and this collaboration with Pyth will enable us to bring the scalability, security, and low fees of zkSync Era to more developers and users worldwide,” said Marco Cora, Head of Business Development at Matter Labs.","“Zero-knowledge based chains are among the most exciting and innovating recent solutions to hit the market, which is one of the reasons why making Pyth data available there is important,” said Mike Cahill, a Director of the Pyth Data Association. “We’re excited to continue making Pyth data available everywhere, and specifically the zkSync ecosystem as we continue to equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.”","The Pyth Network introduces an innovative On-Demand Price Update model, where users are empowered to “pull” available prices on-chain when needed and enable everyone in that blockchain environment to utilize that updated price.","Pyth data on zkSync Era is already powering Derivio, an institutional-grade structured derivatives ecosystem where users can trade any types of digital assets; OT protocol, a new DeFi protocol featuring single token liquidity pools (instead of pool pairs); and , Nexon Finance, a decentralized lending protocol where users can either participate in pooled or peer-to-peer lending.","By integrating with Pyth’s low-latency price feeds, DEXs can offer lower fees to users, as they are less likely to receive toxic trading flow from using a stalled oracle. Thanks to Pyth’s permissionless nature, DEXs can also support more crypto assets and cover new asset classes. Similarly, borrow-lending protocols can benefit from Pyth data to increase the loan-to-value of the collateral accepted or leverage Pyth’s confidence intervals to value assets more conservatively.","zkSync Era is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, computation is performed off-chain and most data is stored off-chain as well. Since all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum.","zkSync Era is made to look and feel like Ethereum, but with lower fees. Just like on Ethereum, smart contracts are written in Solidity/Vyper and can be called using the same clients as the other EVM-compatible chains.","In the past four months, zkSync testnet has seen approximately 9 million transactions, 30,000 contracts deployed, 497,000 active addresses and over 650,000 blocks produced.","For more information, please visit the zkSync website.","The Pyth Network is a first-party financial oracle network designed to provide continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include additional ERC tokens.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the zkSync Era community, you will soon see many more ERC tokens supported on the network as well as zkSync Era applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-zksync-era"},"/blog/pyth-monthly-update-march-2023":{"version":1,"title":"Pyth Network Monthly Update | March 2023 - Blog - Pyth Network","description":"Crypto market showing signs of recovery as blockchain projects like zkSync and Polygon bloom. New developments offer promising growth.","keywords":"","h1":["Pyth Network Monthly Update | March 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Crypto market showing signs of recovery as blockchain projects like zkSync and Polygon bloom. New developments offer promising growth.","Updates","Apr 1, 2023","“Spring has returned” — Rainer Maria Rilke","Is crypto winter over yet? Because it’s starting to feel a little like spring.","The garden we’ve been tilling is starting to flower. You can find Pyth data blossoming everywhere: zkSync Era, Polygon’s zkEVM, Coinbase’s Base, Injective of the Cosmos Hub, and even on TradingView! New products abound too, hot off the heels of February’s Liquidity Oracle release in February. We’re excited to launch our Pyth Benchmarks, which allow anyone to query historical Pyth prices. We also took the opportunity to show the world just how fast Pyth is, launching our ARB/USD feed on the same day of the drop. Now that’s low-latency!","Where is all this expansion leading to? Some Pythians are putting the pieces together. We’ll release a quarterly report shortly wrapping up our accomplishments so far, and guidance on some of the long-awaited network developments in the pipeline.","In the meanwhile, it was great meeting the Pythians attending the Sui and Solana Hacker Houses at Ho Chi Minh City, as well as ETH Porto! Our next stops will be at Hong Kong’s Web3 Summit and Consensus 2023 in Austin, Texas.","Much like spring, Pyth is inevitable.","Who’s #PoweredByPyth? Who contributes to Pyth Data?","Pyth Price Feeds are now available on TradingView","Derivio, derivatives on zkSync Era, is now #PoweredByPyth","NexonFi, a borrow-lending on zkSync, is #PoweredByPyth","0vix Protocol, a money-market on Polygon zkEVM, has decided to be #PoweredByPyth","Morphex, oracle-based perpetuals on Fantom, is now #PoweredByPyth","Polynomial, a one-stop DeFi app built on top of Synthetix and Optimism, is now live and #PoweredByPyth","Helix, futures trading platform on Injective, is #PoweredByPyth","Uniwhale, a perpetual trading platform, has launched on BNB mainnet while being #PoweredByPyth","Meuna, a synthetic protocol on BNB, is #PoweredByPyth","DeriTrade, a perpetual trading protocol on BNB, has launched testnet and is #PoweredByPyth","Resynth, a synthetic protocol out from the Solana Gryzzlython, is #PoweredByPyth","Tigris Trade, a perpetual protocol on Arbitrum and Polygon, is #PoweredByPyth","Elusiv, a zero-knowledge privacy solution on Solana, is #PoweredByPyth to pay for gas transactions!","marginfi, an application connecting liquidity on Solana, has launched being #PoweredByPyth","OpenBB, the free and most used investment portal, is still #PoweredByPyth","Solend V2, a new iteration of the leading money-market on Solana, remains #PoweredByPyth TWAPs","Port Finance, borrow-lending on Solana, is releasing a version 2, still #PoweredByPyth","Vyper, a DeFi derivatives platform on Solana, has expanded to Arbitrum and remains #PoweredByPyth","CAP Finance, oracle-based DEX on Arbitrum, is reaching new daily volume ATH since being #PoweredByPyth","CAP Finance has expanded to Base testnet as with Base became #PoweredByPyth","Drift Protocol, a perpetual and margin trading protocol on Solana, is reaching new heights #PoweredByPyth","Fulcrom, a perpetual trading protocol #PoweredByPyth on Cronos, is making waves and volume!","Trebuchet Network, a cutting-edge analytics firm, joins Pyth to contribute market data!","New Blockchains? New Features? New Price Feeds? You want it, we’ve got it.","Pyth Price Feeds Live on zkSync Era","Pyth Price Feeds Live on Polygon zkEVM","Pyth Price Feeds Live on Injective (Testnet)","Pyth Price Feeds Live on Cronos","New Price Feed: ARB/USD on day one!","500K on-chain on-demand price updates!","Pyth Benchmarks — the historical data you’ve been looking for","Pythian festivities continue unabated online and offline!","Movie premier! Synthetix contributor Matt Losquadro explains how Pyth makes Synthetix perps more competitive","Pyth workshop at WBA's Enrichment Week","Pyth at the Sui Builder House in Ho Chi Minh City","Pyth at the Solana Hacker House in Ho Chi Minh City","Pyth at the Starknet Portugal Meetup","Pyth releases a bounty at ETH Porto","What’s new with the Pythians?","Pythians are meming with Wormhole!","Pyth Intern dropping facts","Kamino sharing some hard cold numbers of Pyth activity on Solana","Even brand assets are #PoweredByPyth","Interoperability panel discussion with Monad and VRRB","Pyth at the Roads Lead to Polygon Panel","Liquidity Oracle Panel with Kaiko, Venus, Solend, Aurigami, and Aries Market","Cross-chain discussion with Cetus and Wormhole","Discussing zero-price impact trading with Uniwhale","Boxes and Lines by IEX: The reason why the biggest household names in TradFi are getting involved in DeFi","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-march-2023"},"/blog/pyth-launches-price-oracles-on-polygon-zkevm":{"version":1,"title":"Pyth Launches Price Oracles on Polygon zkEVM - Blog - Pyth Network","description":"Pyth Price Feeds now on Polygon zkEVM for seamless DeFi. Empowering 0VIX Protocol and boosting Polygon’s ecosystem.\n","keywords":"","h1":["Pyth Launches Price Oracles on Polygon zkEVM"],"h2":["Pyth on Polygon zkEVM","What’s Next?"],"h3":["Polygon zkEVM","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now on Polygon zkEVM for seamless DeFi. Empowering 0VIX Protocol and boosting Polygon’s ecosystem.","Blockchains","Mar 28, 2023","We’re excited to announce that Pyth Price Feeds are now available on Polygon zkEVM, a zk-rollup with source code available and providing complete EVM opcode equivalence for a frictionless user experience and the security of Ethereum. Pyth Price Feeds are already empowering applications like 0VIX Protocol, the first borrow-lending protocol live on the Polygon zkEVM Mainnet.","We look forward to supporting the Polygon DeFi community and helping grow the broader Polygon ecosystem by unlocking once-inaccessible financial data for builders. Developers on Polygon zkEVM can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency! Our integration with Polygon zkEVM is made possible thanks to Wormhole and many leading Polygon contributors.","“Zero-knowledge based chains are among the most exciting and innovating recent solutions to hit the market, which is one of the reasons why making Pyth data available there is important,” said Mike Cahill, a Director of the Pyth Data Association. “We’re excited to continue making Pyth data available everywhere, and specifically the Polygon ecosystem as we continue to equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.”","The Pyth Network introduces an innovative On-Demand Price Update Model, where users are empowered to “pull” available prices on-chain when needed and enable everyone in that blockchain environment to utilize that updated price.","Pyth data on Polygon zkEVM is already powering 0VIX Protocol, the first borrow-lending protocol live on mainnet!","By integrating with Pyth’s low-latency price feeds, borrow-lending protocols can benefit from Pyth data to increase the loan-to-value of the collateral accepted or leverage Pyth’s confidence intervals to value assets more conservatively. Similarly, DEXs can offer lower fees to users, as they are less likely to receive toxic trading flow from using a stalled oracle. Thanks to Pyth’s permissionless nature, DEXs can also support more crypto assets and cover new asset classes.","For more information about using Pyth data on Polygon zkEVM, check out our documentation.","A ZK-rollup is a layer 2 construction on top of Ethereum that solves the scalability problem through mass transfer processing rolled into a single transaction. The “zero-knowledge proof” (ZK) technology is used to present and publicly record the validity and correctness of the rolled transfers processed on the Ethereum blockchain. By storing just the proof and the compressed data of a batch of transfers, the efficiency and the throughput of the network is multiplied.","Polygon zkEVM is a zero-knowledge (ZK) scaling solution that’s fully compatible with Ethereum: all existing smart contracts, developer tools, and wallets work seamlessly. The zkEVM harnesses the power of ZK proofs to reduce transaction cost and massively increase throughput, all while inheriting the security of Ethereum L1.","Since its launch in 2022, Polygon zkEVM has seen more than 84,000 wallets created, 5,000 smart contracts deployed, and produced more than 300,000 blocks to date. Lastly, the Polygon zkEVM is planned to launch its mainnet solution on March 27, 2023.","For more information, please visit Polygon’s website.","The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include additional ERC tokens.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Polygon community, you will soon see many more ERC tokens supported on the network as well as Polygon applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-polygon-zkevm"},"/blog/newsletter":{"version":1,"title":"Peak Activity for the Pyth Price Feeds | Newsletter #37 - Blog - Pyth Network","description":"Pyth Blog launched! Access historical articles & now offers Pyth Price Feeds integrated into TradingView for traders. \n","keywords":"","h1":["Peak Activity for the Pyth Price Feeds | Newsletter #37"],"h2":["What’s New in the Ecosystem?"],"h3":["A New Pithy Blog","Pyth Data now available on TradingView!","ARB/USD: #PoweredByPyth","Pyth Price Feeds Live on Polygon zkEVM","Pyth Price Feeds Live on zkSync Era","Pyth Price Feeds Live on Injective (testnet)","Peak Activity for the Pyth Price Feeds","Sending It with Trebuchet Network","From Ho Chi Minh With Love"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Blog launched! Access historical articles & now offers Pyth Price Feeds integrated into TradingView for traders.","Newsletter","Apr 3, 2023","After couple years of building fond memories on Medium, the Pyth official Blog has found its way to Delphi and is now available to all here. Our new blog contains all our historical articles too, so you can roll back the time machine anytime.","This one’s for the traders among you. We’re delighted to confirm that Pyth Price Feeds are now integrated into TradingView, the leading charting platform and social network trusted by 50M+ traders and investors worldwide!","Starting today, anyone using TradingView can now access historical and live price data from Pyth on the TradingView website, as well from their off-chain API.","You can open the TradingView search bar and filter for Crypto while searching for “Pyth” as the source. The interface will show you a shortlist of markets ranked on usage within TradingView.","As you use Pyth prices more frequently on TradingView, you’ll be able to find them without filtering!","Pyth Price Feeds are now available on @tradingview 🔮What does this mean for traders and builders?TA experts can now chart their favorite assets with Pyth data from TradingView directly 📈DeFi apps can easily integrate Pyth data in their UI with the TradingView plugin 🔌 pic.twitter.com/JCZMPyPTnx","— Pyth Network 🔮 (@PythNetwork) March 21, 2023","Low-latency is a pillar on which the Pyth network has been built, and the former demonstrated this wonderfully as the long-awaited launch of $ARB, the governance token of the leading Ethereum Layer 2, was shortly followed by the creation of a ARB/USD Pyth Price Feed.","Thanks to the work of amazing Data Publishers, the Pyth ARB/USD price feed was ready for consumption mere hours after the first trades on-chain. And a plethora of #PoweredByPyth apps took advantage of this fast turnaround!","The same day, the following applications added support for $ARB on their platform: Tigris Trade, CAP Finance, Vyper, Drift, Uniwhale, Zeta, and Synthetix!","The Pyth network is excited to release its ARB/USD price feed 🔮$ARB is the newly launched governance token of leading Ethereum Layer 2 @arbitrum 👨‍🚀Any #PoweredByPyth app can now tap into our ARB/USD feed, as well as Pyth’s 200+ on-demand price feeds! pic.twitter.com/Xb3r0J1DMA","— Pyth Network 🔮 (@PythNetwork) March 23, 2023","On par with the public mainnet launch of Polygon zkEVM (made by Vitalik Buterin in person), the Pyth Price Feeds became accessible within mere minutes of its start. Pyth data on Polygon zkEVM is already powering 0VIX Protocol, the first borrow-lending protocol live on mainnet.","By integrating with Pyth’s low-latency price feeds, borrow-lending protocols can benefit from Pyth data to increase the loan-to-value of the collateral accepted or leverage Pyth’s confidence intervals to value assets more conservatively.","We look forward to supporting the Polygon DeFi community and helping grow the broader Polygon ecosystem by unlocking once-inaccessible financial data for builders.","We’re excited to announce that the Pyth Price Feeds are now available on #Polygon #zkEVM 🔮Builders on #Polygon can now permissionlessly request Pyth’s 200+ price feeds for equities, commodities, FX pairs, and cryptocurrencieshttps://t.co/G7k6M13rZz pic.twitter.com/lS01DSGFtX","— Pyth Network 🔮 (@PythNetwork) March 27, 2023","“Data availability is key to increasing much-needed transparency on chain, and this collaboration with Pyth will enable us to bring the scalability, security, and low fees of zkSync Era to more developers and users worldwide,” said Marco Cora, Head of Business Development at Matter Labs.","A few days prior to the Polygon zkEVM launch, zkSync Era became the first-ever Ethereum zk-rollup available on mainnet. As you can already guess, the Pyth Price Feeds became available shortly after and applications like Derivio, or Nexon Finance have since decided to be #PoweredByPyth.","The zkSync Era is upon us—and it’s #PoweredByPyth 🔮Thanks to @the_matter_labs contributors, Pyth data is now available to developers building on @zksync Era! pic.twitter.com/SoU8vvZqTm","— Pyth Network 🔮 (@PythNetwork) March 24, 2023","We’re excited to announce that the Pyth Price Feeds are now available on Injective (testnet), a lightning fast blockchain optimized for building financial applications. Leading applications from the Injective ecosystem like Helix, a decentralized order book exchange for crypto spot and derivatives trading, are already leveraging Pyth data to offer yet seen products on Cosmos.","Indeed, in the past week, Helix launched future markets for $SOL but also $EUR, $GBP, and $JPY—all #PoweredByPyth of course!","The fastest blockchain built for finance—now #PoweredByPyth 🥷🔮Thanks to @wormholecrypto and @Injective_ contributors, Pyth data is now available to developers building on Injective testnet!Injective is the first Cosmos chain where you can build with Pyth data ⚛ pic.twitter.com/A6DQMz9fu4","— Pyth Network 🔮 (@PythNetwork) March 22, 2023","In December 2022, the Pyth network introduced an innovative On-Demand Price Update Model, where users are empowered to “pull” available prices on-chain when needed and enable everyone in that blockchain environment to utilize that updated price.","This new oracle design improves on existing oracles in many dimensions. On-demand price updates eliminate the transaction costs paid by the oracle and data providers, which enables it to scale in ways that traditional push oracles cannot. Consequently, the Pyth Price Feeds can and will support frequent price updates for thousands of price feeds across an unlimited number of blockchains.","To date, the Pyth on-demand model has already delivered over 600K price updates on-chain to #PoweredByPyth applications across 10 different blockchains.","On March 12, the Pyth on-demand model updated close to 25,000 price points on-chain. This weekend was marked by the USDC de-peg (following SVB situation) and the release of 22 perpetual markets on Synthetix Perps.","We are pleased to welcome Trebuchet Network, a cutting-edge analytics firm, to the Pyth network. Trebuchet will contribute real-time crypto prices as part of the company’s commitment to share its range of data intelligence on-chain to empower the DeFi ecosystem.","“We are thrilled to be teaming up with Pyth, a leader in on-chain market data solutions,” said Ivo Galic, CEO and founder at Trebuchet Network. “Our advanced AI capabilities will be an invaluable asset to the Pyth mission of powering on-chain DeFi and Web3 protocols. We look forward to contributing our AI-derived prices and to bringing our range of data intelligence on-chain to support more DeFi products.”","We are pleased to welcome Trebuchet Network, a cutting-edge analytics firm, to the Pyth network 🔮Trebuchet will offer real-time crypto prices as part of the company’s commitment to share its range of data intelligence on-chain to empower the DeFi ecosystem! pic.twitter.com/LcCaiNHhLc","— Pyth Network 🔮 (@PythNetwork) March 20, 2023","Pythians go wherever there’s building and traction, and the ecosystem made their pilgrimage accordingly to Vietnam. You may have seen our Pyth contributors presenting at the Solana Hacker House and Sui Builder House!","We’ll see you around the world very soon, particularly at WOW Summit and the Sui Builder House in Hong Kong and Consensus 2023 in Austin next month. Many Pythians are making the trip, as the second iteration of the Data Driven Happy Hour #PoweredByPyth is taking place during WOW! (IYKYK)","@PythNetwork presented its blockchain oracle, which aggregates price feeds from multiple sources with:💧Low latency, high fidelity data💧80 data providers💧Over 215 price feeds#SuiBuilderHouse pic.twitter.com/T1XDuaQPXx","— Sui (@SuiNetwork) March 19, 2023","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/newsletter"},"/blog/pyth-price-feeds-live-on-meter":{"version":1,"title":"Pyth Launches Price Oracles on Meter - Blog - Pyth Network","description":"Meter now offers Pyth Price Feeds, providing developers with 200+ financial data feeds for EVM sidechain growth and DeFi applications.","keywords":"","h1":["Pyth Launches Price Oracles on Meter"],"h2":["What’s next?"],"h3":["Meter","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Meter now offers Pyth Price Feeds, providing developers with 200+ financial data feeds for EVM sidechain growth and DeFi applications.","Blockchains","Apr 3, 2023","We’re excited to announce that Pyth Price Feeds are now available on Meter, a high-performance EVM compatible side chain for Ethereum and other public blockchains. Developers on Meter can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency! We look forward to supporting the Meter DeFi community and helping grow the broader ecosystem by unlocking once-inaccessible financial data for builders.","\"I'm thrilled to announce our support for the Pyth Network deployment on Meter.io\", said Xiaohan from Meter Labs. \"With access to over 200 institutional-grade data sets covering a wide range of asset classes and markets, Pyth's unique capability to provide almost any real-time data and enable direct data consumption from users will unlock new possibilities for DeFi applications.","\"This collaboration will significantly benefit the DeFi ecosystem, and as a blockchain that values performance and reliability, we're proud to support Pyth's mission to provide secure and reliable price feeds to DeFi applications. We're excited to see the innovative solutions they will enable on our platform.\"","Meter is a Layer 1 blockchain with freedom and fairness as the first principle. It is highly decentralized, censorship resistant yet blazing fast and MEV resistant. Its native metastable gas token completes Satoshi’s vision of a sound money independent of the fiat system.","The Pyth Network is a first-party financial oracle network designed to continuously provide real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Meter community, you will soon see many more tokens supported on the network as well as Meter applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-live-on-meter"},"/blog/pyth-bounty-injective-global-hackathon":{"version":1,"title":"Pyth Bounty: Injective Global Hackathon | April 2023 - Blog - Pyth Network","description":"Injective launches Pyth bounty for the Global Hackathon (April 10-May 5)! Build innovative DeFi apps & win prizes with support from Jump Crypto & Wormhole.","keywords":"","h1":["Pyth Bounty: Injective Global Hackathon | April 2023"],"h2":["Injective Global Virtual Hackathon and Pyth Bounty"],"h3":["Injective","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Injective launches Pyth bounty for the Global Hackathon (April 10-May 5)! Build innovative DeFi apps & win prizes with support from Jump Crypto & Wormhole.","Events","Apr 10, 2023","To celebrate the launch of Pyth Price Feeds on Injective, we’re excited to announce the Pyth bounty prize for the Injective Global Hackathon!","The Injective Global Virtual Hackathon is a four-week long hackathon (April 10-May 5) geared towards creating the DeFi apps of tomorrow. Supported by many other Injective partners including Jump Crypto or Wormhole, builders will benefit from technical workshops and  demonstrations as well as business guidance to launch the DeFi App of 2023 and beyond.","Be sure to also join our technical Pyth integration workshop on April 19 at 6 PM UTC.","Successful Injective Global Hackathon participants will be eligible for a share of $1,000,000 in prizes and seed round funding.","“The Pyth network has always been a proponent to innovation within the DeFi ecosystem and it is only normal to partake in a month-long hackathon organized by a close partner: Injective. Injective is one of the most successful blockchains within the Cosmos Hub to date, which is one of the many reasons why this integration and participation are significant,” said Mike Cahill, a director of the Pyth Data Association.","Pyth has a long history of supporting aspiring developers and new protocol. In this spirit, we’re excited to partake in the Injective Global Virtual Hackathon.","Hackathon builders will have the chance to compete for a $5,000 Pyth Bounty among the $1,000,000 in prizes and funding. The allocation the Pyth Bounty will be at the discretionary ofthe Pyth Data Association contributors.","Please review the prerequisites below for Pyth Bounty submissions. The bounty will favor submissions that are innovative products yet to be seen on Injective that are likely to gain traction upon go-to-market. These can include borrow-lending or options protocols or more bespoke products composing with existing Injective protocols (such as trading vaults or LP’s on top of Helix markets).","Furthermore, your submitted project must:","Implement the Pyth on-demand model whereby the application both listens to the off-chain API endpoint and submits updated prices on-chain in the Pyth smart contract.","Successfully deploy your program on Injective mainnet and kickstart the launch of your protocol.","The Pyth Bounty will be issued once the Pyth Data Association contributors have judged your submission to have met the above two conditions.","If you want to get a head start, you can check out our docs and integration resources below. Developers will also have the chance to learn from our dedicated Pyth integration workshop, so be sure to mark it in your calendar!","For more information about the Injective Global Virtual Hackathon, you can visit their website.","Injective is a blockchain where developers can find robust out-of-the-box modules such as a completely decentralized orderbook that can be utilized to build a diverse array of sophisticated applications. Moreover, Injective operates as an open interoperable smart contracts platform.","Injective is built using the Cosmos SDK and is able to attain instant transaction finality using the Tendermint proof-of-state consensus framework. In addition, Injective can facilitate fast cross-chain transactions across the largest layer one networks such as Ethereum and Cosmos Hub.","The Injective ecosystem is a network of decentralized applications that focus on providing the best in class user experience. By providing the unrestricted and unprecedented ability to access decentralized financial markets, products, services and toolings, the ecosystem strives to empower individuals with the ability to more efficiently allocate capital.","The Pyth network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth Data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second. Upcoming feeds include Cosmos ecosystem tokens.","More details are available on our website, whitepaper, docs, and wiki.","First and foremost, register on the Injective website. Then it is time for you to get up to speed about building on Injective and then learn how to become #PoweredByPyth.","You can find the Pyth network price feeds on the website and discover which price feeds are in the pipeline. If you would like to request a new price feed or have any questions, please let us know in our Discord.","Lastly, be on the lookout for the upcoming Pyth Integration Demo part of the Injective Global Hackathon — all information will be shared on the Pyth network socials.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Cosmos","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-bounty-injective-global-hackathon"},"/blog/where-pyth-is-now-q1-2023":{"version":1,"title":"Where Pyth is Now | Q1 2023 - Blog - Pyth Network","description":"Pyth Network expands cross-chain operations, powering DeFi across Optimism, Ethereum, Arbitrum, BNB Chain & TradingView. Growing trust in decentralized oracles.","keywords":"","h1":["Where Pyth is Now | Q1 2023"],"h2":["What is Pyth","How it Started, How it’s Going","Looking at the Numbers","New Products"],"h3":["Pyth V1: Solana Price Feeds","Motivations for Supporting a Multi-Chain World","Pyth V2: A New Low-Latency Pull Oracle","The DeFi Ecosystem is Calling on Pyth","New Blockchains: Pyth Data Everywhere","New Users: Everyone Wants Pyth Data","Delivering The Prices You Need","Pyth Driving Serious Volume","Benchmarks","Liquidity Oracle","Get Started with Pyth","What’s Coming Next"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands cross-chain operations, powering DeFi across Optimism, Ethereum, Arbitrum, BNB Chain & TradingView. Growing trust in decentralized oracles.","Updates","Apr 13, 2023","Last October, the Pyth Network made a bold declaration: that Pyth is going cross-chain, with a longer-term vision to become a fully self-sustaining, decentralized oracle network as envisioned in the whitepaper.","One quarter into 2023, and the results speak for themselves. Industry leaders from more than 18 blockchains trust and rely on Pyth prices for their operations, from Synthetix on Optimism to Ribbon Finance on Ethereum, CAP Finance on Arbitrum to Deri Trade on BNB Chain. Even TradingView themselves, an off-chain and massively popular charting tool, is plugged into Pyth data!","It’s been a fruitful Q1, and a lot of hard work for the Pyth community over the past six months. It can be dizzying keeping up with the network’s breakneck growth.","We’re writing to give everyone comprehensive recap, and comment on some interesting trends in DeFi, before wrapping up with Pyth’s governance progress and sharing some exciting community events…","Some readers may be new to the Pyth Network. If so, welcome! Pyth delivers real-time market data to 15+ blockchains. Pyth supports 230+ price feeds across crypto, equities, FX pairs, and commodities, sourced from some of the biggest exchanges and market makers.","Pyth is unique among oracles in that it sources all of its data from institutional, first-party sources like CBOE, Jane Street, TwoSigma, Binance, OKX, and Bybit. In contrast, legacy oracle designs require smart contract developers to pay intermediary nodes for the service of scraping data from third-party sources like CoinGecko or CoinMarketCap.","The critical assumption with legacy models is that all Web2 data is free and you simply need to incentivize nodes to scrape it. Pyth’s assumption is that the data owners should be compensated appropriately for the usage of their proprietary data.","The Pyth Network’s mission is to deliver data that the blockchain community can trust. When robust, cutting-edge infrastructure is in place, a nascent industry like decentralized finance can experience a second phase of explosive growth. After the vicissitudes of 2022, a paradigm shift for blockchain is long overdue.","Pyth had its beginnings in Solana. On August 26, 2021, the Pyth Network launched into mainnet with 25 data providers supplying their proprietary price data to the Pyth on-chain program on Solana with a little more than 40 price feeds.","Growth was rapid. By March 2022, Pyth secured over 90% of Solana’s value and supported over $3.7B in total trading volume, demonstrating clear and overwhelming demand for Pyth data. The network welcomed onboard more than 50 data providers, offered almost 60 price feeds, and had generated approximately 10M daily market updates in those 6 months—an unthinkable feat for blockchain. The world started taking notice.","As the crypto ecosystem began evolving in a multi-chain direction, the next major step for Pyth was sending Pyth prices to every blockchain. We recognized that developers will need access to reliable, real-time data, no matter where they choose to build or expand to. Furthermore, Web3 in the longer-term will have to abstract away the complexities of what blockchain a dApp is operating from or transacting with: it is difficult to imagine decentralized finance becoming widely adopted otherwise.","Of course, an oracle that scales to the needs of a multi-chain future must also maintain the security and resiliency expectations of both decentralized and even traditional finance. The systemic shocks throughout crypto last year confirmed the need for even greater protocol security and unfailingly robust infrastructure.","From this vision, we forged Pythnet, and thus launched Pyth V2 on August 2022—an innovative oracle solution designed to scale with the growth of Web3 and equip builders on every chain with the mission-critical tooling necessary for the highest protocol performance.","Pythnet is an application-specific blockchain (appchain) built on the Solana codebase. This blockchain uses the same software, but is completely separate from the Solana mainnet environment.","Much like in the Solana Price Feeds design, Pyth’s data providers submit their first-party prices to the Pyth program on Pythnet for aggregation. On top of this, Pythnet provides enables some powerful advantages:","1. Pythnet allows the Pyth Network to scale by 20x to support thousands of price feeds and perform tens of thousands of price updates per second.","2. Pythnet’s performance is independent of Solana mainnet, adding an additional redundancy layer to Pyth’s resiliency design.","3. Pythnet is publicly auditable using widely available tools like Dune Dashboard, TradingView, and the Solana Block Explorer: a stark contrast to legacy opaque P2P models.","4. Pythnet allows the network deliver prices to other blockchains through Wormhole, the cross-chain messaging protocol.","With Pythnet and Wormhole in place, the network could launch Pythnet Price Feeds, which introduced a unique low-latency pull oracle design.","Most other oracles (including Pyth’s Solana Price Feeds) utilize a push model and continually “push” on-chain price updates at a set frequency. In contrast, Pyth allows users to “pull” prices from Pythnet to their native chain on demand.","This new pull model enables Pyth Network to deliver higher-frequency updates price updates—once per second, faster than the block time of most blockchains. Users also benefit lower latencies: they can use the most recent off-chain (Pythnet) price, instead of relying on the last on-chain update pushed by the oracle.","The speed, scalability, and latency advantages described above are made possible thanks to the gas costs savings of Pyth’s on-demand oracle design. Compare the Pyth pull-based design to push oracles, which must pay gas fees for every price update, including updates that no one will use, and incur additional transaction costs for supporting new price feeds or additional blockchains.","Pythnet Price Feeds were designed for scaling. And scale it did. Pyth’s low-latency pull oracles now serve applications across 10+ EVM blockchains, Aptos, Cosmos Hub, and more. Let’s take a look at Pyth’s growth since V2’s launch.","To date, the new Pyth on-demand price update model has already delivered over 800K price updates on-chain to #PoweredByPyth applications across over a dozen blockchains. On March 12 alone, Pyth received more than 25K price pull requests.","With this explosive growth in on-chain activity, Pyth V2 has proven to be a resounding success in the broader ecosystem.","We’ve come far since April 2021, when Pyth started in Solana. The network made big moves upon deploying Pythnet to scale Pyth data to the wider DeFi ecosystem. Pyth first went live on BNB Chain in the beginning of October 2022, and in half a year, expanded to Ethereum, Arbitrum, Optimism, zkSync Era, Polygon zkEVM, Base, Aptos, and Injective (Cosmos Hub), just to name a few.","The list of supported chains is bigger than most readers might realize! As of April, Pyth is available on 18 blockchains.","In line with April’s festivities, we’re giving away some website easter eggs: you can find the full list of Pyth-supported blockchain environments here. (Can you find the other surprises in our website?)","Expanding to new blockchains is one thing, but usage by smart contract is the real test of ‘product-market fit’. Don’t take our word for it: you can ask the contributors behind Synthetix how Pyth data has made their perps more competitive, and allowed their platform to reduce fees to 5-10 bps and support 23 new markets. The Synthetix ecosystem is now following suit, with Polynomial, Kwenta and Decentrex also becoming #PoweredByPyth. Optimism is in the air!","Pyth now supports more than 230 price feeds across major asset classes, with many more still in the pipeline!","Not only that, but every Pyth price feed is automatically available on all supported blockchains. Unlike legacy oracles, Pyth does not need to spin up a new feed one-by-one on every blockchain it wants to expand to.","Having readily available data feeds on every chain makes all the difference for builders. Pyth helps developers deploy faster, seize multi-chain growth opportunities, and strategically extend exposure to their own protocol to new blockchain ecosystems.","We can’t wait to reveal the newest asset types the network will soon support! Suffice to say, we’ve received substantial interest from teams looking to work with treasury rates, energy prices, and even international equities.","Later in March, Pyth demonstrated its unwavering dedication to agility and rapidity in delivering price feeds to those in need, and the world took notice. Thanks to the amazing effort of our data providers, the Pyth Network launched its ARB/USD feed mere hours after the $ARB started trading on-chain!","The Pyth network is excited to release its ARB/USD price feed 🔮$ARB is the newly launched governance token of leading Ethereum Layer 2 @arbitrum 👨‍🚀Any #PoweredByPyth app can now tap into our ARB/USD feed, as well as Pyth’s 200+ on-demand price feeds! pic.twitter.com/Xb3r0J1DMA","— Pyth Network 🔮 (@PythNetwork) March 23, 2023","Our ability to spin up new price feeds rapidly means that teams like CAP Finance (Arbitrum), Uniwhale (BNB Chain), Drift (Solana), Zeta Markets, Vyper, Tigris Trade (Arbitrum), and of course, Synthetix (Optimism) could quickly launch their $ARB perpetual futures to meet the surge in demand from traders—many of them on that same day!","Pyth is now close to supporting $40B in total trading volume throughout its lifetime.","Let’s reflect on some recent trends in trading volume. The $ARB drop, combined with volatility from the recent events of SVB and Signature Bank, brought new all-time-highs in volume across our #PoweredByPyth perpetual partners. Synthetix themselves began seeing daily volumes of up to $200M and $1.5B in total trading volume, resulting in a whopping $1.5M in fees!","The other stars of the show include Perpy Finance (Arbitrum), CAP Finance, Uniwhale Drift, HXRO (Solana), Cypher, and Fulcrom (Cronos)—each one achieving their own ATH’s across their Pyth-powered perpetual markets!","Historical Pyth data is finally here. Users can leverage our new Pyth Benchmarks to access historical Pyth market data, and soon, other types of standardized data.","Pyth Benchmarks cover all 200+ assets supported by the network. Industry leaders like Ribbon Finance, the premier DOV on Ethereum, Solana and Avalanche, is leveraging Pyth Benchmarks to settle its weekly options every Friday at 8:00 AM UTC. Benchmarks allows Ribbon to retrieve exact settlement prices within seconds of expiry and settle instantly.","Benchmarks represent a major step for decentralized finance. In the traditional financial world, there exists a number of universally accepted standards (or “benchmarks”), including reference prices (e.g. Bitcoin reference rate), indices (e.g. the S&P500), and reference rates (e.g. LIBOR). Few such standards exist within the realms of crypto or DeFi. We hope that our Benchmarks will, at the very least, drive conversation around blockchain transparency and empower market participants with more thoughtful choices in the data sources which shape their decision-making. You can read more here.","DeFi just became more preciseIntroducing: Pyth Benchmarks 🔮⏩ Instantaneous settlements⏪ Delayed orders and backfillingRead more about Pyth Benchmarks—a first-of-its-kind off-chain price oracle—in the 🧵👇 pic.twitter.com/GICRi7gIhx","— Pyth Network 🔮 (@PythNetwork) March 1, 2023","We’re also excited to have launched the V1 of the Pyth Liquidity Oracle in collaboration with Kaiko, one of our data provider partners and a leader in cryptocurrency market data.","Bringing liquidity information on-chain, on top of price data, can help protect lending platforms and money market protocols from liquidity exploits as seen with Aave or Mango Markets. We designed the Pyth Liquidity Oracle V1 to help users mitigate the risks inherent in large positions of illiquid tokens. You can read more about our initial research on liquidity oracles and get started with our V1 solution here.","Say goodbye to uncertainty and hello to precision with Liquidity Oracles 🔮We’re excited to launch our V1 of the Pyth Liquidity Oracle through a collaboration with @KaikoData! Explore how Pyth Liquidity Oracles can protect your protocol in the 🧵👇 pic.twitter.com/Jth509jHDI","— Pyth Network 🔮 (@PythNetwork) February 21, 2023","Unlock the full potential of your application with Pyth data, and gain the edge you deserve. Integrating with Pyth data feeds is seamless and easy.","You can explore our documentation to learn more about how Pyth’s unique design can secure your protocol with real-time, on-demand price data:","How Pyth Network Works","On-Demand Updates","You can explore our catalog of price feeds here:","Pythnet Price Feeds (for Aptos, BAS, Coswasm, EVM)","Solana Price Feeds","Follow along with our integration tutorials:","Integrate on EVM (On-Demand)","Integrate on EVM (with Pusher)","Integrate on Other Chains or Off-Chain","Our mission remains the same. Pyth will continue expanding cross-chain through Wormhole to support builders across the wider decentralized finance and Web3 ecosystem. Supporting developers with the requisite training, tooling, and guidance is top of mind for the network’s contributors, and we’re eager to announce more on this front.","We also look forward to sharing a number of exciting developments focused on making the Pyth network fully self-sustaining and decentralized. If you have any feedback or ideas, please feel free to reach out in our Discord. Those especially interested in protocol governance and network security can keep track of the continuous and rigorous auditing of our cross-chain and governance contracts.","We’ve come a long way together on our journey towards fairer and more transparent markets, governed by users and serving individuals and institutions alike. And yet, we’re still so early.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-pyth-is-now-q1-2023"},"/blog/pyth-launches-price-oracles-on-conflux":{"version":1,"title":"Pyth Launches Price Oracles on Conflux - Blog - Pyth Network","description":"Pyth Price Feeds now on Conflux blockchain! Access 200+ financial data feeds for dApps, boosting speed & decentralization in DeFi.","keywords":"","h1":["Pyth Launches Price Oracles on Conflux"],"h2":["Conflux","Pyth","What’s next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now on Conflux blockchain! Access 200+ financial data feeds for dApps, boosting speed & decentralization in DeFi.","Blockchains","Apr 10, 2023","We’re excited to announce that Pyth Price Feeds are now available on Conflux, a blockchain mixing Proof of Work and Proof of Stake consensus enabling dApps to access speed at scale, without sacrificing decentralization.","Developers on Conflux eSpace can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency. We look forward to supporting the Conflux DeFi community and helping grow the broader ecosystem by unlocking once-inaccessible financial data for builders.","\"Pyth Network's oracle service is set to be a cornerstone for Conflux eSpace, empowering decentralized applications with the latest, safest, and most robust price and market feeds”, said Christian Oertel, Global Expansion Lead. “This innovation will be pivotal in unlocking the full potential of eSpace and enabling an unparalleled experience for DeFi within the Conflux ecosystem.\"","Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.","For more information, please visit Conflux website.","The Pyth Network is a first-party financial oracle network designed to continuously provide real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.","The network incentivizes market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth data can then permissionlessly update the prices on-chain whenever needed.","In less than a year, the network secured more than $2.0B in total value. Pyth has supported more than $40B in total trading volume, with over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ price feeds across crypto, equities, FX, and commodities, with multiple price updates per second.","More details are available on our website, whitepaper, docs, and wiki.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Conflux community, you will soon see many more tokens supported on the network as well as Conflux applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-conflux"},"/blog/unlocking-financial-data-for-builders-everywhere-newsletter-38":{"version":1,"title":"Unlocking Financial Data for Builders Everywhere | Newsletter #38 - Blog - Pyth Network","description":"Pyth oracles now on Conflux blockchain, offering speed and scale for decentralized apps. Conflux’s regulatory compliance boosts Asia expansion.","keywords":"","h1":["Unlocking Financial Data for Builders Everywhere | Newsletter #38"],"h2":["What’s New in the Ecosystem?"],"h3":["Pyth Launches Price Oracles on Conflux","Pyth Launches Price Oracles on Meter","Pyth Bounty: Injective Global Hackathon","#PoweredByPyth Applications",".sol is the new .com","Pyth Spaces: The Future of France"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Conflux blockchain, offering speed and scale for decentralized apps. Conflux’s regulatory compliance boosts Asia expansion.","Newsletter","Apr 17, 2023","On April 12, the Pyth’s low-latency pull-based oracles launched on Conflux, a blockchain mixing Proof of Work and Proof of Stake consensus enabling dApps to access speed at scale, without sacrificing decentralization.","As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.","\"Pyth Network's oracle service is set to be a cornerstone for Conflux eSpace, empowering decentralized applications with the latest, safest, and most robust price and market feeds”, said Christian Oertel, Global Expansion Lead. “This innovation will be pivotal in unlocking the full potential of eSpace and enabling an unparalleled experience for DeFi within the Conflux ecosystem.”","We look forward to supporting the Conflux DeFi community and helping scale the Web3 ecosystem by unlocking once-inaccessible financial data for builders everywhere.","Earlier in the month, Pyth Price Feeds expanded to another custom-built EVM chain: Meter. Meter is a Layer 1 blockchain with freedom and fairness as their first principle. It is highly decentralized, censorship resistant yet blazing fast and MEV resistant. Its native metastable gas token completes Satoshi’s vision of a sound money independent of the fiat system.","\"I'm thrilled to announce our support for the Pyth Network deployment on Meter.io\", said Xiaohan from Meter Labs. \"With access to over 200 institutional-grade data sets covering a wide range of asset classes and markets, Pyth's unique capability to provide almost any real-time data and enable direct data consumption from users will unlock new possibilities for DeFi applications.\"","It’s always a pleasure to support an upstart DeFi community and equip them with high-fidelity, low-latency financial data.","To celebrate the launch of Pyth Price Feeds on Injective, we’ve announce the Pyth Bounty prize for the Injective Global Hackathon!","Injective is a blockchain where developers can find robust out-of-the-box modules such as a completely decentralized orderbook that can be utilized to build a diverse array of sophisticated applications. Moreover, Injective operates as an open interoperable smart contracts platform.","The Injective Global Virtual Hackathon is a four-week long hackathon (April 10-May 5) geared towards creating the DeFi apps of tomorrow. Supported by many other Injective partners including Jump Crypto or Wormhole, builders will benefit from technical workshops and  demonstrations as well as business guidance to launch the DeFi App of 2023 and beyond.","Pyth has a long history of supporting aspiring developers and new protocols. In this spirit, hackathon builders will have the chance to compete for the Pyth Bounty among $1,000,000 in prizes and funding.","For more information, be sure to check our blog on the topic.","Week in, week out, more applications become #PoweredByPyth, and applications #PoweredByPyth succeed!","Launched for Christmas 2022, the Synthetix Perps V2 (#PoweredByPyth) has already outperformed Synthetix historical V1 on many key metrics. In 4 months of V2, Synthetix perpetuals processed $4.3B in total trading volume (compared to $4.2B of V1 in 12+ months) while only charging $5.4M in fees to traders (3x less fees charged compared to V1).","New in the Optimism world is Avantis Finance. This dApp will enable anyone to trade cryptocurrencies and forex with leverage, or provide margin to traders and earn yield — all #PoweredByPyth.","CAP Finance V4—#PoweredByPyth on Arbitrum—launched in early 2023 (end of January) has already surpassed the $1B total margin volume traded. Offering to users a wide range of asset types, CAP traders have responded positively as the 4th biggest market traded is GBP/USD — CAP has also benefitted from the quick support of the ARB/USD price feed by the Pyth network as it was available for trading only mere hours after its official airdrop!","Another #PoweredByPyth application, another milestone. Drift, a perpetual protocol on Solana, reached the $400M cumulative volume traded mark, as it recently sustained over $10M in daily traded volume. Be sure to keep an eye out for new markets to be supported, as Drift reached this symbolic figure with a limited number of markets (BTC, ETH, SOL, ARB, and couple others).","Now venturing into the BNB Chain world, perpetuals #PoweredByPyth are ramping up! Launched early March, Uniwhale has since supported $250M in trading volume across less than 10 markets (BTC, ETH, BNB, MATIC, SOL, APT, ARB and DOGE). Next, DeriTade ; initially launched on BNB testnet, it has since expanded to two other ecosystems: Arbitrum and zkSync. Thanks to the Pyth network design, DeriTrade remains #PoweredByPyth on these blockchains. Last is the new comer Narwhal Finance. Launching soon on BNB Chain testnet, be on the lookout as they’ll soon offer NFTs to get an early access.","Late March, two promising new ecosystems went live on top of Ethereum: Polygon zkEVM and zkSync. The Pyth Price Feeds, of course, become available within minutes of their official mainnet launch enabling anyone to access price data for 200+ assets.","On Polygon zkEVM, 0VIX Protocol, the premier liquidity market protocol, has decided to become #PoweredbyPyth. 0VIX is the sole money-market currently live on Polygon zkEVM (in addition to Polygon) and is now representing close to 50% of the total value locked on-chain.","In regards to zkSync, the Pyth Price Feeds have empowered Nexon Finance since day-1. Nexon is building a suite of innovative lending products where users can choose to participate in pooled or P2P lending modules. Nexon is also the only borrow-lending protocol currently live on zkSync mainnet and saw a 100% increase in value locked over the past week.","It’s been 38 years of the global internet revolving around the .com top-level domain.","Top-level domains have been maintained by the Internet Assigned Numbers Authority (IANA) and are used use in the Domain Name System of the Internet — in other words enabling you to find you to the appropriate webpages when searching.","Despite being a non-profit organization, the IANA remains an incorporated (and thus centralized) entity in the United States. This introduces de facto permissioning of your website, which can be revoked at any time.","Bonfida decided to tackle on this problem by launching the Solana Name Service (SNS). SNS has a simple mission of providing a decentralized and yet affordable way to map domain names (represented as .sol) to on-chain data. On-chain data can be anything from a Solana (SOL) address to IPFS CID, images, text, and more.","Up to now, it was mostly non-custodial web-browser wallets that integrated SNS, enabling users to send SPL token to human readable addresses like pyth.sol.","A few days ago, Bonfida announced the most important integration of SNS to date: .sol domains are now natively resolvable in the Brave browser!","In other words: open your Brave browser, type pyth.sol, accept the prompt from Brave (to use a Syndica RPC) and explore the Pyth network website!","The Pythian mission is borderless: delivering real-time market data for crypto, equities, FX, and commodities to all blockchains to empower builders in rethinking the global financial system.","In this spirit, the network has recently expanded its localized community channels to France.","You may have seen our two Twitter Spaces (in French) organized with some of our data providers.","We kicked off with a fireside chat with Bybit, a leading crypto exchange for many years, and we discussed the impacts and changes following the fall of FTX and SVB, as well as why would a CEX join the Pyth network.","More recently, we had the pleasure of being joined by Francois Cluzeau, the co-founder of Flowdesk, which provides crypto-trading infrastructure to ensure global coverage of token-issuers needs through innovative market-making and crypto-financial products. We heard about the origins of Flowdesk, its various business lines, as well as Francois’ takes on the market outlook.","Which regions should Pyth expand to next? Let us know in our socials down below!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/unlocking-financial-data-for-builders-everywhere-newsletter-38"},"/blog/pyth-low-latency-pull-oracles-launches-on-shimmerevm-testnet":{"version":1,"title":"Pyth Launches Price Oracles on ShimmerEVM Testnet - Blog - Pyth Network","description":"Pyth oracles launched on ShimmerEVM testnet offering 200+ price feeds for DeFi development on IOTA’s L2 chain.","keywords":"","h1":["Pyth Launches Price Oracles on ShimmerEVM Testnet"],"h2":["Pyth on ShimmerEVM","IOTA","ShimmerEVM","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles launched on ShimmerEVM testnet offering 200+ price feeds for DeFi development on IOTA’s L2 chain.","Blockchains","Apr 18, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on the ShimmerEVM test chain. ShimmerEVM will be the first L2 chain to deploy on Shimmer, the L1 staging and validation network of the IOTA distributed ledger technology (DLT).","Developers on ShimmerEVM testnet can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency. In addition, to help bootstrap the ecosystem, the Tangle Ecosystem Association (TEA) will set up and automate its own “price pushers” for six asset pairs—which applications can leverage for free!","We look forward to supporting the Shimmer DeFi community and helping grow the broader ecosystem by unlocking once-inaccessible financial data for builders.","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Builders on ShimmerEVM testnet can already permissionlessly access any of the Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","To help bootstrap the ecosystem, the Tangle Ecosystem Association (TEA) will deploy and automate its own price pusher for six asset pairs: SMR/USD, IOTA/USD, ETH/USD, BTC/USD, USDC/USD, USDT/USD.","The price data for these pairs will be pushed onto the EVM chain at regular intervals and according to certain volatility parameters. Once these prices are available on-chain, applications on ShimmerEVM can freely leverage them in their operations. TEA will make its price pushing service available for as long as network demand necessitates.","The IOTA Foundation is a global non-profit foundation that develops next-generation decentralized technologies for a new digital economy in a connected world. It redesigns the way people and devices connect to share information and value, removing middlemen. The Foundation collaborates with a global ecosystem and partners to research and develop technologies that deliver sustainable, real-world impact. Together, they are shaping a new digital economy, removing unnecessary friction and unlocking human potential.","At the heart of the Foundation's mission is the Tangle, its open, feeless and highly scalable distributed ledger. Designed to support frictionless value and data transfer, the Tangle is a DLT infrastructure for Web3 applications and digital economies. Unlike blockchain alternatives, the Tangle allows transactions to be added in parallel; it also boasts low resource requirements, as well as zero-fee and fast transactions with finality within seconds. The IOTA token is the native currency on the IOTA network. It is used to transfer value and data and enable feeless micro-payments.","Shimmer is the official L1 staging and validation network of the IOTA distributed ledger technology (DLT). It is a rapid innovation playground with short development cycles, allowing developers to build applications and use features that are not yet available on the IOTA mainnet.","Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture.","Shimmer ensures interoperability and composability of L2 smart contract chains and is capable of connecting any type or flavor of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for minting and transfer of native assets without middle men or crippling gas fees.","$SMR is the native token of the Shimmer network and serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Users of Shimmer use the $SMR token to launch new DeFi applications, DEXs, NFTs, DAOs and other dApps.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Shimmer community, you will soon see many more tokens supported on the network as well as ShimmerEVM applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-low-latency-pull-oracles-launches-on-shimmerevm-testnet"},"/blog/pyth-low-latency-pull-oracles-launches-on-neonevm-devnet":{"version":1,"title":"Pyth Launches Price Oracles on NeonEVM Devnet - Blog - Pyth Network","description":"Pyth oracles now on Neon EVM devnet, enabling EVM DeFi on Solana’s scalable network. Built with Wormhole & Neon Foundation support.","keywords":"","h1":["Pyth Launches Price Oracles on NeonEVM Devnet"],"h2":["What’s Next?"],"h3":["Pyth on Neon EVM","Neon EVM","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Neon EVM devnet, enabling EVM DeFi on Solana’s scalable network. Built with Wormhole & Neon Foundation support.","Blockchains","Apr 27, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on the newest iteration of the Neon EVM (devnet), the first smart contract on Solana acting as the Ethereum Virtual Machine. This deployment on Neon EVM was made possible thanks to the amazing contributors at Wormhole and the Neon Foundation.","We look forward to enabling the EVM DeFi community to enjoy the benefits of Solana’s technology. Builders on Neon EVM can build on the scalability and liquidity of Solana, and starting today, tap into Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrencies!","\"We are joining forces with Pyth to empower builders across the Neon ecosystem with access to high-fidelity financial data. This collaboration creates a dynamic environment that supports accurate price discovery, improved risk assessment, and enhanced transparency,\" said Marina Guryeva, director of the Neon Foundation. \"Our strategic partnership enables developers to innovate and build reliable DeFi applications, strengthening a robust and accessible decentralized financial infrastructure for all.”","“Neon is bridging the divide between two leading blockchains,” said Mike Cahill, Director of the Pyth Data Association. “We, then, look forward to working with them as their first oracle integration to increase access of Pyth data to dApps while offering them a seamless user experience in the process.”","Pyth uses an on-demand update (or pull) model that is slightly different from other oracles you may be more familiar with—including the original Pyth Price Feeds native to Solana.","Most oracles today use a push model, where the oracle runs an off-chain process that continuously sends transactions to update an on-chain price. In contrast, Pyth does not operate an off-chain process that pushes prices on-chain. Instead, it delegates this work to the users who “pull” updated prices on-chain when needed.","Pyth’s low-latency price feeds and its on-demand update model will benefit many DeFi use cases. DEXs can offer lower fees to users, as they are less likely to receive toxic trading flow from using a stalled oracle, while borrow-lending protocols also benefit from being able to increase the loan-to-value of certain assets. Thanks to Pyth’s permissionless nature, DEXs and money markets protocols can also support more crypto assets as well as expand its asset class support.","For more details, please visit the Pyth documentation here or check out our integration playlist.","Neon EVM is a smart contract on Solana acting as the Ethereum Virtual Machine. It is compiled into Berkeley Packet Filter bytecode, a format that can be executed on Solana. This allows Neon EVM to receive Solana transactions that contain wrapped Ethereum-like transactions and process them on Solana according to Ethereum rules.","As a smart contract on Solana, Neon EVM benefits from Solana’s low gas fees (no less than 0.000015 SOL per transaction) and high throughput (+2,000 TPS). This makes it the cheapest and most efficient way anywhere to run Ethereum dApps. Neon EVM does not require any significant changes to run existing Ethereum smart contracts, with all the advantages and innovations of Solana. In addition, the Neon EVM provides access to many familiar Ethereum developer tools, including MetaMask, Remix, Hardhat and Truffle. Neon is the perfect platform for Ethereum dApps to tap into the Solana ecosystem.","To learn more about Neon, visit their website.","The Pyth network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the NeonEVM community, you will soon see many more ERC and SPL tokens supported on the network as well as Neon EVM applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-low-latency-pull-oracles-launches-on-neonevm-devnet"},"/blog/pyth-monthly-update-april-2023":{"version":1,"title":"Pyth Network Monthly Update | April 2023 - Blog - Pyth Network","description":"DeFi sees growth! Pyth oracles expand to five blockchains, driving increased trading volume and user adoption within the decentralized finance space.","keywords":"","h1":["Pyth Network Monthly Update | April 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi sees growth! Pyth oracles expand to five blockchains, driving increased trading volume and user adoption within the decentralized finance space.","Updates","May 1, 2023","“April was just beginning…and a breath of spring could be felt in the soft, cold air.” — Anton Chekov","As brighter days are looming, excitement is creeping up throughout the DeFi world!","Most excited are, undoubtedly, the teams becoming #PoweredByPyth. The availability of the Pyth’s low-latency pull oracles has set off a blossoming effect: more volume, more trading, and more users as Pyth expands to five new blockchains, including Injective, Neon EVM, Conflux Shimmer, and Meter this month.","As the days start warming up, so are our #PoweredByPyth partners: new launches like DeriTrade on zkSync Era; and new all-time-highs in trading volume across Drift ($500M), Uniwhale ($300M), Morphex ($250M), CAP Finance exceeding ($150M), and Tigris ($100M).","We’re always pleased to welcome new teams to the network and support their growth. Reactor Fusion became the number one money-market protocol on zkSync Era overnight, while Forge, a synthetics protocol on Arbitrum, decided to expand its product offering through Pyth’s 200+ price feeds.","It’s always good to take a step back and reflect on how far we’ve come. Last year, the network introduced a new type of low-latency pull oracles for devlivering real-time prices to multiple chains in a gas-efficient manner. As of today, our #PoweredByPyth partners have permissionlessly requested over 1,000,000 price update on-chain! Things are warming up for a Pythian summer…","Who’s #PoweredByPyth? Who contributes data to Pyth?","Injective, a PoS Layer 1 blockchain built for finance, is now #PoweredByPyth","Nexon Finance, the first money-market #PoweredByPyth on zkSync, continues growing!","ReactorFusion, a lending protocol on zkSync Era, is now #PoweredByPyth","DeriTrade, a #PoweredByPyth multi-chain decentralized derivative protocol, has expanded to zkSync Era","D8X, a perpetual futures DEX on Polygon zkEVM, has launched on testnet #PoweredByPyth","0VIX Protocol, a money-market application #PoweredByPyth, is leading DeFi on Polygon zkEVM","Deri Protocol, a multi-chain decentralized protocol for users to trade perpetual products, and their new Protocol as a Service (PaaS), are now #PoweredByPyth","Duet Protocol, a multi-chain synthetic assets ecosystem, is now #PoweredByPyth","Avantis Finance, a derivatives platform on Optimism, is now #PoweredByPyth","Tigris Trade, a decentralized trading platform on Polygon and Arbitrum, surpasses the $100M volume milestone!","CAP Finance, a perpetuals DEX #PoweredByPyth on Arbitrum, facilitated over $150M in daily trading volume!","Buffer Finance, a futures DEX on Arbitrum, is now #PoweredByPyth","Forge, a synthetic protocol on Arbitrum, is now #PoweredByPyth","Synthex, a synthetic protocol on Arbitrum, has launched #PoweredByPyth","Narwhal, a decentralized perpetual trading platform on BNB Chain and Arbitrum, will become #PoweredByPyth","Uniwhale, a perpetual DEX on BNB Chain, has reached $300M in trading volume since being #PoweredByPyth","Sable Finance, a decentralized borrowing protocol on BNB Chain, has decided to become #PoweredByPyth","Morphex, a decentralized perpetuals exchange on Fantom, surpassed $200M in trading volume","Drift, a DEX offering perpetual trading #PoweredByPyth on Solana, has surpassed the $500M trading volume mark","GooseFX, a DeFi protocol on Solana, has just launched its perpetuals protocol and SDK—both #PoweredByPyth","Buy your .sol with $BAT on Bonfida—#PoweredByPyth","Search pyth.sol in your Brave browser and enjoy!","New Blockchains? New Features? New Price Feeds? You want it, we’ve got it.","TradingView’s plugin is now #PoweredByPyth","New Pyth Price Feeds: OSMO/USD, HFT/USD, CRO/USD, BAT/USD, SNX/USD, HNT/USD","Pyth’s low-latency pull oracles are now 85x cheaper on Aptos","Pyth’s low-latency pull oracles are now available on Conflux","Pyth’s low-latency pull oracles are now available on Meter","Pyth’s low-latency pull oracles are now available on Neon EVM devnet","Pyth’s low-latency pull oracles are now available on Shimmer testnet","Building on Injective? Looking to get #PoweredByPyth? Check how to integrate Pyth here and aim for our Bounty!","Marginfi Omni, an AI-based chatbot for the Solana ecosystem, introduces a pricing mechanism which is #PoweredByPyth","Pythian festivities continue unabated, online and offline!","Pyth has now reached 1 million on-chain price updates","Happy Eid Mubarak to all our Pythians","Pyth Data-Driven Happy Hour in Hong Kong and Austin, Texas","Spring has sprung. Congratulations to the winners of our Pyth Easter Egg Hunt!","Pyth Bounty announced for the Injective Global Hackathon","What’s new with the Pythians?","Pyth Q1 Recap: Where is Pyth Now?","Movie Premiere: Learn the unique benefits Pyth bring to you!","Discussion: Unlocking the potential of DeFi—with L2’s and #Pyth data","Discussion: DeFi, your option, your future with Deri Protocol","Discussion: Perps, L2s, and DeFi Derivatives","Discussion: Les Dernières Tendances Crypto avec Flowdesk","Discussion: Quand la CeFi et la DeFi ne font qu’un","Soundbite: First-party data matters!","Article: Pyth Network, un oracle blockchain rapide, sûr et décentralisé qui se démarque de ses concurrents","Thread: Sable Stablecoin #PoweredByPyth","Thread: Intro to Pyth Network Pull Model","Thread: Don’t push! Pull only!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-april-2023"},"/blog/pyth-low-latency-pull-oracles-launches-on-sui":{"version":1,"title":"Pyth Launches Price Oracles on Sui - Blog - Pyth Network","description":"Pyth oracles now on Sui blockchain! Access 200+ price feeds for DeFi, enabling fast, secure digital asset ownership. PoweredByPyth.","keywords":"","h1":["Pyth Launches Price Oracles on Sui"],"h2":["Pyth on Sui","Sui","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Sui blockchain! Access 200+ price feeds for DeFi, enabling fast, secure digital asset ownership. PoweredByPyth.","Blockchains","May 3, 2023","We’re delighted to announce that Pyth’s low-latency pull oracles are now available on Sui, a Layer 1 blockchain designed to make digital asset ownership fast, private, secure, and accessible to everyone!","Developers on Sui can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and digital assets. Join the Sui DeFi ecosystem and become #PoweredByPyth today!","\"We are excited to be see the Pyth Network expanding to the Sui blockchain”, said Mike Cahill, a Director of the Pyth Data Association. “Sui's focus on providing secure, transparent, and scalable infrastructure for decentralized finance applications aligns perfectly with Pyth's mission to enable real-time, trusted market data for DeFi participants.”","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point.","As a result, builders on Sui will have permissionless access to real-time prices from Pyth’s catalog of 200+ price feeds across major asset classes including US equities, metals, forex, and of course, cryptocurrencies.","We’re excited to support a plethora of Sui applications, including:","ABEx, a revolutionary on-chain derivative protocol built on Sui. Thanks to Pyth’s low-lantecy pull oracles, ABEx will benefit from the freshest price available to fulfill users trade at no slippage.","Aries Markets, a decentralized exchange built on Move aiming to aggregate and simplify the user experience across all of DeFi. Initially launched on Aptos, Aries will expand its #PoweredByPyth services to Sui.","Aftermath, an all-in-one platform for trading, investing, and earning yield that is fast, inexpensive, and fully transparent. Aftermath’s Perpetuals, Money-Market module and Options platform will be #PoweredByPyth.","Bucket Protocol, a protocol enabling users to take 0% interest loans and mint a native stablecoin on the Sui Network thanks to Pyth data.","Fewcha, a native Move-based wallet and portfolio management protocol, is #PoweredByPyth to display the latest available to its users.","Interest Protocol, a DeFi protocol that allows trading, farming, and borrowing. Pyth data allows the platform to value its supported assets.","Kriya is building institutional-grade infra for on-chain trading, products include, a spot AMM with a native bridge and an orderbook-based perp and options DEX. Margin engine #PoweredByPyth","Navi Protocol, a decentralized liquidity protocol on Suim has decided to become #PoweredByPyth. Navi enables users to lend and borrow cryptocurrency assets without intermediaries, using a shared liquidity pool system.","Turbos, a non-custodial DEX and perpetual trading platform. Accurate price quotation is supported by Pyth Price Feeds for seamless perpetual trading experience.","Typus Finance, real yield infrastructure on Sui that combines swap, lending, and derivatives protocols to create an options marketplace for long-tail assets. All of Typus’ operations are #PoweredByPyth.","Scallop, a money market protocol on Sui that emphasizes institutional grade, high composability, and high security. Pyth data allows Scallop to value assets and user positions.","For more information about using Pyth data on Sui, check out our documentation.","Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.","Sui offers scalability and unprecedented low-latency for simple use cases. Sui makes most transactions processable in parallel. This better utilizes processing resources and offers the option to increase throughput by adding more resources. Sui forgoes consensus to instead use simpler and lower-latency primitives for simple use cases, such as payment transactions and assets transfer. This is unprecedented in the blockchain world and enables a number of new latency-sensitive distributed applications ranging from gaming to retail payment at physical points of sale.","Sui is written in Rust and supports smart contracts written in Sui Move—a powerful asset-centric adaptation of Move for the Sui blockchain—to define assets that may have an owner. Sui Move programs define operations on these assets, including: custom rules for their creation, the transfer of these assets to new owners, and operations that mutate assets. To learn about the differences between core Move and Sui move, see How Sui Move differs from Core Move.","For more information, please visit the Sui website or documentation.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Sui community, you will soon see many more tokens of the Sui ecosystem supported on the network as well as Sui applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Sui","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-low-latency-pull-oracles-launches-on-sui"},"/blog/aptos-ecosystem-highlight-pyth-network-x-econia-labs":{"version":1,"title":"Econia Labs and Pyth Empower Developers with Orderbook and Oracle Tooling - Blog - Pyth Network","description":"DeFi innovation surges! Aptos developers gain powerful tools: Econia’s order book & Pyth Network data for enhanced financial building.","keywords":"","h1":["Econia Labs and Pyth Empower Developers with Orderbook and Oracle Tooling"],"h2":[],"h3":["Building on Aptos with Pyth and Econia","Building a Perpetual Exchange","Building Borrow-Lending","Get Started"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi innovation surges! Aptos developers gain powerful tools: Econia’s order book & Pyth Network data for enhanced financial building.","Events","May 3, 2023","DeFi has emerged as one of the most transformative and challenging movements in the financial world. The potential to democratize access to financial services and create more inclusive markets continues to capture the imagination of ambitious developers.","In this spirit, today brings exciting news to those developers. Builders on Aptos can now compose with Econia’s hyper-parallelized on-chain order book while leveraging live and historical data from the Pyth Network financial oracle. The implications for margin trading and derivatives settlement are groundbreaking.","Pyth Network is a financial oracle delivering 200+ price feeds across crypto, forex pairs, equities, and commodities. Pyth introduces unique design choices in data sourcing and delivery to empower builders with ultra low-latency and high-fidelity price data.","In terms of sourcing, Pyth harnesses real-time, and often guarded, market data from financial institutions who actively participate in price discovery, and delivers this data to more than 18 blockchains including Aptos. Pyth also introduces a unique pull oracle, which enables Pyth to scale to thousands of feeds and update its prices more than once per second, faster than the block time of most blockchains.","The permissionless and liberating ethos of Pyth, reminiscent of Econia’s mission to innovate outdated market designs, provides a strong foundation for delivering institutional-quality services in the decentralized finance space. In anticipation of MOVE Monday by Aptos (coming up this May 8), this article offers a deep dive into two powerful primitives offered by Pyth Network and Econia–low-latency pull oracles and the Econia order book–which enable Defi developers to achieve the latencies, security, and accuracies expected in the CeFi world.","“We are excited by Pyth’s pioneering vision of on-chain financial data for any asset under the sun, and see tremendous potential for Aptos ecosystem developers to make use of this revolutionary public good,” said Alex, CTO and Co-Founder of Econia Labs.","One example includes Aptos-based perpetual exchanges. A perpetuals DEX can utilize the Econia order book as a matching and settlement layer while using Pyth oracle data to determine the fair and historical value of underlying assets to calculate:","Funding Rates: Funding rates are the periodic fees charged to traders to maintain their positions.","The funding rate is calculated based on the difference between the perpetual contract's price and the underlying asset's index price.","A perpetuals exchange can use Pyth's low-latency price feeds to obtain the most up-to-date index prices and calculate the funding rates accordingly.","Margin Requirements: Margin requirements are the minimum amount of collateral required to open and maintain a position.","An exchange can use Pyth's price feeds to calculate the current market value of the collateral and the underlying asset, and apply a margin requirement based on the desired level of leverage.","This calculation can be done in real-time to ensure that margin requirements are always up-to-date.","Pyth also provides Confidence Intervals to inform protocols about price uncertainty or divergences across market venues. This data empowers lending platforms to respond to market volatility and uncertainty accordingly when determining when to liquidate.","Liquidation Prices: Liquidation prices are the prices at which a trader's position will be automatically liquidated if the market moves against them.","An exchange can use Pyth prices to monitor the current market price of the underlying asset and calculate the liquidation price based on the trader's leverage and margin requirements.","This calculation can be done in real-time to ensure that liquidation prices accurately track the markets.","Another exciting integration idea which utilizes Econia's order book engine and Pyth data feeds is borrowing and lending. As of today, successful money markets protocols are pool-based and not order-book based due to architectural complexity. However, the latter approach does provide significant benefits:","Better price discovery: In order book-based protocols, borrowers and lenders can set their own interest rates, which means that the market can accurately reflect the supply and demand for the asset being borrowed or lent.","Greater liquidity: Order book-based protocols tend to have greater liquidity than pool-based protocols. This is because in a pool-based protocol, liquidity is determined by the size of the pool, which can be limited.","Better risk management: Order book-based protocols can offer more robust risk management tools than pool-based protocols.","Now that Pyth has provided a groundbreaking on-chain oracle solution, there is a path forward for the broader Aptos DeFi ecosystem to build out perpetual futures exchanges on top of Econia’s lightning-fast order book infrastructure. With its source code audited and published on testnet, the Econia Labs team is building out assorted SDKs and developer tooling as well as a reference front-end. Now is the time for projects to start integrating at the contract level and work their way up the dependency stack alongside Econia Labs, so everyone can go live together.","Many developers have undoubtedly seen the explosive growth of perpetual exchange volume over the first quarter of 2023. We hope these recent trends may inspire builders looking to build on the Econia order book while leveraging Pyth’s low-latency market data.","That team can be you!","Integrating with Pyth data is seamless and straightforward. You can consult this guide for how to get started with Pyth on Aptos or jump straight into the Pyth documentation section available on the Econia docs site.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Aptos","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/aptos-ecosystem-highlight-pyth-network-x-econia-labs"},"/blog/a-milli-newsletter-39":{"version":1,"title":"A Milli | Newsletter #39 - Blog - Pyth Network","description":"Pyth network launched a low-latency pull oracle in December 2022, achieving over 1 million cross-chain price updates by April 2023.","keywords":"","h1":["A Milli | Newsletter #39"],"h2":["What’s New in the Ecosystem?","#PoweredByPyth Applications"],"h3":["A Milli, A Milli","Overcome Your Limitations","Pyth Low-Latency Pull Oracles Launches on NeonEVM Devnet","Pyth Low-Latency Pull Oracles Launches on ShimmerEVM Testnet"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth network launched a low-latency pull oracle in December 2022, achieving over 1 million cross-chain price updates by April 2023.","Newsletter","May 2, 2023","In December 2022, the Pyth network introduced an innovative low-latency pull oracle model—the result of long R&D since the beginning of that year. The pull model empowers users to “pull” available prices off-chain (from Pythnet) and make them available on-chain when needed, enabling everyone in that blockchain environment to utilize that price point.","By April 2023, the Pyth’s pull oracles received over 1 million on-chain, cross-chain price update request from over 100 #PoweredByPyth applications across 18 blockchains!","Price updates peaked on March 12 at 25,000 price update requests, a day marked by the USDC de-peg. The growing Pyth ecosystem is now pushing towards greater heights!","Looking back at the last five months of usage, it’s clear that Pyth’s new design improves on existing oracles in many dimensions, especially scalability.","On-demand price updates eliminate the transaction costs paid by the oracle and data providers, enabling the oracle to scale in ways that traditional push oracles cannot. Consequently, Pyth’s low-latency data feeds can support extremely high-frequency price updates for thousands of price feeds across a virtually unlimited number of blockchains.","The most valuable Web3 and DeFi services need oracles — but developers face limitations with current solutions. Enter Pyth.","Pyth's low-latency pull oracles were built to offer developers and DeFi with high-frequency updates, extensive asset selection, and transparent, trustworthy data sourcing.","Gone are the days where you trade at a price from 10 minutes ago and not the current price. Pyth's prices update more than once a second, ensuring that dApps have the most recent data.","Gone are the days where DeFi protocols can support limited assets. Pyth offers builders across nearly 20 blockchains a catalog of over 200 price feeds. This makes Pyth the go-to oracle for applications that are aiming for a multi-chain deployment.","Gone are the days where DeFi protocols rely on unknown and obscure data API. Pyth’s first-party design means your data come directly from the source of financial market prices—the market participants themselves.","Don’t just take our word for it. Tune into Jayant as he explains how you can build better apps with Pyth.","Last week, the newest iteration of the Neon EVM (devnet), the first smart contract on Solana acting as the Ethereum Virtual Machine, has become #PoweredByPyth.","As a smart contract on Solana, Neon EVM benefits from Solana’s low gas fees (up to 0.000015 SOL per transaction) and high throughput (over 2K TPS). This makes Neon EVM the cheapest and most efficient way to run Ethereum dApps!","\"We are joining forces with Pyth to empower builders across the Neon ecosystem with access to high-fidelity financial data. This collaboration creates a dynamic environment that supports accurate price discovery, improved risk assessment, and enhanced transparency,\" said Marina Guryeva, director of the Neon Foundation. \"Our strategic partnership enables developers to innovate and build reliable DeFi applications, strengthening a robust and accessible decentralized financial infrastructure for all.”","We look forward to enabling the EVM DeFi community to enjoy the benefits of Solana’s technology.","Pyth’s low-latency pull oracles became available on the ShimmerEVM test chain in April. ShimmerEVM will be the first L2 chain to deploy on Shimmer, the L1 staging and validation network of the IOTA distributed ledger technology (DLT).","To help bootstrap the ecosystem, the Tangle Ecosystem Association (TEA) will deploy and automate its own price pusher for six asset pairs: SMR/USD, IOTA/USD, ETH/USD, BTC/USD, USDC/USD, USDT/USD.","The price data for these pairs will be pushed onto the EVM chain at regular intervals and according to certain volatility parameters. Once these prices are available on-chain, applications on ShimmerEVM can freely leverage them in their operations. TEA will make its price pushing service available for as long as network demand necessitates.","We look forward to supporting the Shimmer DeFi community and helping grow the broader ecosystem by unlocking once-inaccessible financial data for builders.","Everyday, new applications become #PoweredByPyth and existing ones achieve new milestones!","In the perpetuals world, we saw Drift (Solana) reaching the $500M volume milestone since inception.","Buffer Finance, recently integrated on Arbitrum, has generated $500K in fees!","Uniwhale, a perp DEX on BNB Chain, has surpassed the $300M mark.","CAP Finance, #PoweredByPyth on Arbitrum, processed $165M in a single day of trading!","Tigris reached $100M in trading volume since integrated with Pyth on Polygon and Arbitrum.","Morphex, having recently become #PoweredByPyth on Fantom, has facilitated over $200M in trading volume in just 8 weeks post launch!","Recent and upcoming trading protocols #PoweredByPyth to be on the look out for: GooseFX on Solana, D8X on Polygon zkEVM, and Deri Protocol on BNB Chain, Arbitrum and zkSync.","Synthetics protocols have also experienced a resurgence lately, driven by Pyth’s extensive asset coverage across crypto and real-world assets! Just take a look at our new #PoweredByPyth partners:","Synthex, a trustless synthetic asset issuance and trading protocol built on Arbitrum","Forge, a new DeFi protocol enabling anyone to mint and trade real-world assets on Arbitrum","Last but not least, Pyth’s low-latency pull oracles have been the go-to oracle provider for the zkSync borrow-lending ecosystem:","Nexon, zkSync’s first money market platform, has launched on mainnet","Reactor Fusion, the number one lending market in value locked, is also #PoweredByPyth","It’s starting to look like Pyth is setting and becoming a new industry standard 👀","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/a-milli-newsletter-39"},"/blog/pyth-encode-summer-hackathon-and-bootcamp":{"version":1,"title":"Pyth x Encode Summer: Hackathon and Bootcamp - Blog - Pyth Network","description":"Pyth Network supports the Solana Summer Hackathon & Bootcamp, fostering DeFi innovation with a $3,000 bounty for builders.","keywords":"","h1":["Pyth x Encode Summer: Hackathon and Bootcamp"],"h2":["Encode Summer Bootcamp","Encode x Solana Hackathon","Pyth Prize Track"],"h3":["Pyth Bounty: $3,000 in total","Stage 1: Integration","Stage 2: Growth"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network supports the Solana Summer Hackathon & Bootcamp, fostering DeFi innovation with a $3,000 bounty for builders.","Events","May 26, 2023","The Pyth Network has a long history of supporting aspiring developers and innovative development initiatives. In this spirit, we’re excited to partake in the Encode Code Solana Summer Hackathon and Bootcamp, sponsored by the Solana Foundation.","The Hackathon and Bootcamp will launch in May and June 2023 respectively. We can’t wait to support builders looking to build the next generation of decentralized finance. Participants will also have the chance to compete for a $3,000 Pyth Bounty among the prize pool!","You can learn more about the details of the Bootcamp, the Hackathon, and the Pyth Bounty below. Happy hacking!","Encode Summer Bootcamp Sponsored by the Solana Foundation is a 6-week coding bootcamp focused on building on Solana and transforming eager learners into fully-fledged Rust developers.","A dedicated teacher and programme manager will support and mentor you along the way. Students will show off everything you’ve learned in a final group project!","⏰ Starting: May 22, 2023","👥 Cohort size: 50-100 bootcamp participants","🔔 Session format: 90 minutes per session, 4 days a week (with weekend project work for 5 weeks)","👨‍🏫 Teacher: Laurence Kirk","📝 Curriculum:","Week 1: Introduction to Blockchain / Solana theory / Rust","Week 2: Rust / Development tools / Solana token program","Week 3: Anchor Framework / User Interfaces","Week 4: Solana Program Library / NFTs with Metaplex","Week 5: Security / DeFi / Advanced features","Week 6: Project Week","🔗 More information","The Encode Summer Hackathon sponsored by the Solana Foundation is a 4-week hackathon dedicated to building on Solana.","This is a perfect opportunity for Bootcamp students to apply what they’ve learned to real-world, critical use cases and life-changing projects. Keep building or build something new in the following hackathon!","You will also have the opportunity to check out workshops and 1-on-1 mentoring sessions throughout the Hackathon.","⏰ Starting: June 20, 2023","🏆 Finale and Prizegiving: June 27, 2023","🔗 Apply here","The Bounty is designed encourage long-term and sustainable visions that aim to build the next generation of DeFi such as innovating the data streaming approach for perpetual futures trading, designing pull oracle-based pooled liquidity DEX for zero-slippage trading, and bringing real-world asset (RWA) products on-chain.","The Bounty will also favor innovative submissions yet to be seen on Solana and which are likely to gain traction upon go-to-market. Such submissions can include open interest rate protocol with isolated lending markets (like Fuse by Rari Capital), or more bespoke products composing with existing Solana protocols (such as trading vaults or LP’s on derivatives platforms like Mango, Drift, Zeta Markets and more).","The Pyth Bounty will be split across a two-stage vesting schedule and will be issued once the Pyth Data Association contributors have judged your submission to have met the conditions listed below.","Please note: The Pyth Bounty requires your submission to have been running on mainnet-beta for at least 1 week. Hence, there is a high probability your project will receive the Bounty 1 week after the prizegiving date set by Encode (June 27).","Please review the prerequisites below for the discretionary Pyth Bounty below.","Your submission to the Encode Solana Hackathon must:","Be successfully deployed on Solana mainnet-beta","Utilize the Pyth Solana Price Feeds in your program for user transactions","Make real price updates for transactions on Solana mainnet-beta","Have been successfully running for at least 1 week by time of submission","Once the deployment of your project is complete, and your project is deemed to have met the above conditions, you will receive $1K of the Pyth Bounty amount to support your project and maintain consumption of price updates.","The remaining $2K of the Pyth Bounty will be delivered after one month from your winning Pyth Prize Track, as long as your program:","Demonstrably maintains real price updates for transactions on Solana mainnet-beta for a period of 1 month after you received the first portion of the Bounty","Has achieved either $250K in Total Value Secured (TVS or oracle-secured TVL) or $50K in real cumulative trading volume","The social media relating to your project is still reasonably active","If you want to get a head start, you can check out our docs and integration resources below. Developers also have the opportunity to learn from our dedicated Pyth integration workshop here.","For more information about the Encode Code Solana Summer Bootcamp, you can visit their website.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-encode-summer-hackathon-and-bootcamp"},"/blog/pyth-low-latency-pull-oracles-launches-on-injective":{"version":1,"title":"Pyth Launches Price Oracles on Injective - Blog - Pyth Network","description":"Pyth oracles now on Injective blockchain, boosting Helix exchange’s speed. Community governance supports this key integration.","keywords":"","h1":["Pyth Launches Price Oracles on Injective"],"h2":["Pyth on Injective","Injective","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Injective blockchain, boosting Helix exchange’s speed. Community governance supports this key integration.","Blockchains","May 3, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on Injective, a lightning fast blockchain optimized for building financial applications. Leading Injective application: Helix, a decentralized order book exchange for crypto spot and derivatives trading, is already #PoweredByPyth.","The deployment of Pyth data on the Injective chain is made possible thanks to many Injective contributors but also the greater community as the required governance vote passed with a 98% approval.","The Pyth Coswasm smart contract was audited by Zellic, a leading security and auditing company, and the full report is available here.","\"We are thrilled to be working with Pyth to bring novel asset data into the Injective universe. Now developers create markets with high fidelity on-chain data, bringing forth a new paradigm of cross-chain data composability,” said Injective Labs co-founder and CEO, Eric Chen.","“Injective is one of the most successful blockchains within the Cosmos Hub to date, which is one of the many reasons why this integration is significant,” said Mike Cahill, a director of the Pyth Data Association. “We are excited to officially join the Cosmos ecosystem as we continue to provide developers with high-quality data and enable a revolution within DeFi.”","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Builders on Injective can permissionlessly access any of the Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","The Pyth Price Feeds have already been integrated by Helix, a decentralized orderbook exchange for crypto spot and derivatives trading serving novice crypto traders, experienced traders, and trading institutions alike. By integrating with Pyth and its low-latency pull oracle, Helix can easily and efficiently calculate the hourly funding rate of their derivatives markets.","After a successful testnet integration and the release of the many yet to be seen markets on Cosmos like $SOL, $JPY or $XAU futures, Helix is now live on Injective mainnet and #PoweredByPyth!","For more information about using Pyth data on Cosmos, check out our documentation.","The Pyth Network is currently participating in the Injective Global Hackathon and has issued a $5K bounty to be #PoweredByPyth. For more information on the hackathon, check out our blog post.","Injective is a blockchain where developers can find robust out-of-the-box modules such as a completely decentralized orderbook that can be utilized to build a diverse array of sophisticated applications. Moreover, Injective operates as an open interoperable smart contracts platform.","Injective is built using the Cosmos SDK and is able to attain instant transaction finality using the Tendermint proof-of-state consensus framework. In addition, Injective can facilitate fast cross-chain transactions across the largest layer one networks such as Ethereum and Cosmos Hub.","The Injective ecosystem is a network of decentralized applications that focus on providing the best in class user experience. By providing the unrestricted and unprecedented ability to access decentralized financial markets, products, services and toolings, the ecosystem strives to empower individuals with the ability to more efficiently allocate capital.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Injective and Cosmos community, you will soon see many more Cosmos ecosystem tokens supported on the network as well as Cosmos chains accessing Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Cosmwasm","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-low-latency-pull-oracles-launches-on-injective"},"/blog/may-your-be-poweredbypyth-newsletter-40":{"version":1,"title":"May your dApp be #PoweredByPyth | Newsletter #40 - Blog - Pyth Network","description":"Pyth low-latency oracles launched on Sui, enabling fast, secure price feeds for applications like ABEx, a revolutionary on-chain derivative protocol.","keywords":"","h1":["May your dApp be #PoweredByPyth | Newsletter #40"],"h2":["What’s New in the Ecosystem?"],"h3":["Pyth Low-Latency Pull Oracles Launches on Sui","Pyth Low-Latency Pull Oracles Launches on Injective","#PoweredByPyth Applications","A Plethora of New Low-Latency Pyth Price Feeds","Pyth Stats V1","Unlocking the Full Potential of DeFi with the Encode Hackathon"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth low-latency oracles launched on Sui, enabling fast, secure price feeds for applications like ABEx, a revolutionary on-chain derivative protocol.","Newsletter","May 15, 2023","We’re delighted to announce that Pyth’s low-latency pull oracles are now available on Sui, a Layer 1 blockchain designed to make digital asset ownership fast, private, secure, and accessible to everyone!","We’re excited to support a plethora of Sui applications, including:","ABEx, a revolutionary on-chain derivative protocol built on Sui. Thanks to Pyth’s low-latency oracles, ABEx will benefit from the freshest price available to fulfill users trade at no slippage.","Aries Markets, a decentralized exchange built on Move aiming to aggregate and simplify the user experience across all of DeFi. Initially launched on Aptos, Aries will expand its #PoweredByPyth services to Sui.","Aftermath, an all-in-one platform for trading, investing, and earning yield that is fast, inexpensive, and fully transparent. Aftermath’s Perpetuals, Money-Market module and Options platform will be #PoweredByPyth.","Bucket Protocol, a protocol enabling users to take 0% interest loans and mint a native stablecoin on the Sui Network thanks to Pyth data.","Fewcha, a native Move-based wallet and portfolio management protocol, is #PoweredByPyth to display the latest available to its users.","Interest Protocol, a DeFi protocol that allows trading, farming, and borrowing. Pyth data allows the platform to value its supported assets.","Kriya is building institutional-grade infra for on-chain trading, products include, a spot AMM with a native bridge and an orderbook-based perp and options DEX. Margin engine #PoweredByPyth","Navi Protocol, a decentralized liquidity protocol on Sui has decided to become #PoweredByPyth. Navi enables users to lend and borrow cryptocurrency assets without intermediaries, using a shared liquidity pool system.","Turbos, a non-custodial DEX and perpetual trading platform. Accurate price quotation is supported by Pyth Price Feeds for seamless perpetual trading experience.","Typus Finance, real yield infrastructure on Sui that combines swap, lending, and derivatives protocols to create an options marketplace for long-tail assets—all #PoweredByPyth.","Scallop, a money market protocol on Sui that emphasizes institutional grade, high composability, and high security. Pyth data allows Scallop to value assets and user positions.","You can also learn more about our partnership with Sui by checking out our Blog post.","We’re also excited to have launched on Injective, a lightning fast blockchain optimized for building financial applications. Helix, the leading Injective application and decentralized order book exchange for crypto spot and derivatives trading, is proudly #PoweredByPyth. Thanks to Pyth, Helix can easily and efficiently calculate the hourly funding rate of their derivatives markets.","\"We are thrilled to be working with Pyth to bring novel asset data into the Injective universe. Now developers create markets with high fidelity on-chain data, bringing forth a new paradigm of cross-chain data composability,” said Injective Labs co-founder and CEO, Eric Chen.","After a successful testnet integration and the release of the many yet to be seen markets on Cosmos like $SOL, $JPY or $XAU futures, Helix is now live on Injective mainnet and #PoweredByPyth!","For more information about Pyth and Injective, check out our Blog post.","Everyday, new applications become #PoweredByPyth and existing ones achieve new milestones!","Beluga is an AMM that now leverages Pyth data as a key pricing mechanism for its pools on Arbitrum. This eliminates the reliance on arbitrageurs to adjust the price, reducing impermanent loss for the market maker/liquidity provider.","FusionX Finance, an upcoming DEX on Mantle, an Ethereum L2, has announced their upcoming Pyth integration! The network looks forward to further support FusionX and the greater Mantle ecosystem as it gears towards mainnet.","Did you know that the #PeoplesNetwork officially became #PoweredByPyth? The former is Helium, a global network of Hotspots that create public, long-range wireless coverage for IoT devices and cellular devices. Recently, the Helium Network decided to migrate to Solana to improve scalability, security, and decentralization. The Helium Network integrated Pyth Solana Price Feeds to calculate everything from HNT burning for Data Credits (DC) to treasury allocations for the Mobile and IoT networks","Interest Protocol is a DeFi app built on the newly launched Sui blockchain and consists of two core synergistic products: an AMM DEX and lending protocol, with the the latter being #PoweredByPyth.","Synthetix, a leading derivatives platform, keeps on adding new markets for its users — all #PoweredByPyth. Last week, Synthetix introduced markets for $APT, $LDO, $ADA, $GMX, $FIL, $LTC, $BCH, $SHIB, and $CRV .Many more markets are already on their way, including $TRX, $FLOKI, $INJ, $DOT, and $XRP.","zkDX is the first-ever perpetual exchange platform to launch on zkSync mainnet and is an oracle based DEX. zkDX benefits from Pyth’s on-demand data delivery, which gives it access to the freshest prices available across more than 200 assets.","The Pyth Network and its data providers are hard at work to meet the growing demand for new price feeds from Pyth users. Now boasting a network of 80+ institutional and DeFi providers, the network can add a minimum of ten new price feeds a month. You may have seen your favorite project tokens becoming available on the network:","$ANKR, the native utility token needed for transactions and payments for many of Ankr’s services as well as their platform governance","$BAL, the core token behind the Balancer protocol, a leading AMM built on Ethereum","$BLUR, the native governance token of Blur, a unique NFT marketplace and aggregator platform","$LDO, the governance token of the Lido Finance DAO, the number one ETH liquid staking derivative provider","$INJ, the native utility token of the Cosmos blockchain, Injective","$PEPE, a deflationary meme-coin launched less than a month ago on Ethereum","$SUI, the native utility token of the newly launched Move blockchain, Sui Network","Speed matters. Much like the launch of our ARB/USD just mere hours after its listing on major CEXs and DEXs, the Pyth data providers did their magic again and enabled #PoweredByPyth applications to access a high-fidelity SUI/USD price feed within two hours of Sui’s launch!","On May 9th, the Pyth network announced the rollout of the Pyth Stats v1. Pyth Stats are accessible to anyone and offers users insights into Pyth’s price feeds and data provider performance.","Pyth Stats provide analytics on Pyth’s data providers on Pythnet, the application-specific blockchain for price aggregation. The Pyth Stats v1 track three metrics: Publisher Uptime, Price Feeds Uptime, and Exchange Comparison.","💡Pyth Publisher Uptime: A publisher is counted as up if they have updated their prices on-chain within the last 10 seconds. The chart shows the percent uptime of every publisher across all price feeds they contribute data to. 38 of the Pyth Publishers have a 95-100% uptime.","🔌Price Feeds Uptime: A Price Feed is counted as up if it updated within the last 10 seconds. The chart shows the percent of uptime of all Pyth Price Feeds. 168 (out of 172) live Price Feeds have a 95-100% uptime","📈Exchange Comparison: This chart compares Pyth’s prices to a selected exchange and asset. Assets that are currently available for comparison: $BTC $ETH and $SOL with either Coinbase, Binance or OKX as comparison.","Builders take note! The Solana Summer Bootcamp, brought to you by Encode Club and the Solana Foundation, will kick off soon starting May 22. The program packs a lot of action across six weeks, so you’ll want to apply fast!","Attendance is totally free but capped to 50 people, so be sure to prepare a good application! All the details to apply are available here.","We’re proud to support the Bootcamp alongside Wormhole and Phantom. We’ll see you soon in the classroom.","https://twitter.com/PythNetwork/status/1657977828036722688","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/may-your-be-poweredbypyth-newsletter-40"},"/blog/new-pyth-data-provider-skynet-trading":{"version":1,"title":"New Pyth Data Provider: Skynet Trading - Blog - Pyth Network","description":"Pyth Network welcomes Skynet Trading, a digital asset firm, to enhance real-time financial data access for decentralized apps.","keywords":"","h1":["New Pyth Data Provider: Skynet Trading"],"h2":["Who is Skynet Trading?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Skynet Trading, a digital asset firm, to enhance real-time financial data access for decentralized apps.","Data Providers","May 24, 2023","We are pleased to welcome Skynet Trading, a trading software and investment firm in the digital assets market, to the Pyth Network. Skynet Trading will contribute digital asset price data to support the Pyth Network’s ability to provide dependable and cost-efficient access to real-time financial data for decentralized applications.","Skynet Trading is a well-established firm recognized for delivering liquidity solutions and quantitative trading strategies to digital asset issuers, exchanges, and institutions.","Their proficiency in algorithmic trading and investment makes them a valuable contributor to the crypto market.","Petros, Head of Institutional Solutions at Skynet Trading, shared his positive outlook on the collaboration: \"We are pleased to offer our data to the Pyth oracle, thereby enhancing a vital and widely utilized component of DeFi and Web3 infrastructure. We anticipate a fruitful partnership with Pyth's existing community in fortifying the oracle's resilience.\"","We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Skynet Trading","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-skynet-trading"},"/blog/pyth-launches-price-oracles-on-osmosis":{"version":1,"title":"Pyth Launches Price Oracles on Osmosis - Blog - Pyth Network","description":"Pyth oracles now on Osmosis! Community-approved, unlocking DeFi data for Cosmos builders, boosting liquidity and ecosystem growth.","keywords":"","h1":["Pyth Launches Price Oracles on Osmosis"],"h2":["Pyth on Osmosis","What’s Next?"],"h3":["Osmosis","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Osmosis! Community-approved, unlocking DeFi data for Cosmos builders, boosting liquidity and ecosystem growth.","Blockchains","Jun 2, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on Osmosis, the Interchain Liquidity Layer of the Cosmos Hub. The deployment of the Pyth oracle on Osmosis follows a successful governance proposal, where 86.4% of the community voted to deploy the Pyth smart contract.","We look forward to supporting the Osmosis community and helping grow the broader Cosmos DeFi ecosystem by unlocking once inaccessible financial market data for builders. Builders on Osmosis can now access Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and digital assets!","\"We are thrilled to see the Pyth Network deployed on Osmosis, the main liquidity layer of the whole Cosmos Hub”, said Mike Cahill, a director of the Pyth Data Association. “Osmosis' thriving ecosystem focused towards Decentralized Finance makes it the perfect partner for Pyth, and we look forward to a successful collaboration.","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Builders on Osmosis can permissionlessly access any of the Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","Mars Protocol is an autonomous credit protocol on Osmosis. Delphi Labs intends to propose to Mars Protocol's governance to migrate to Pyth price feeds. Levana — the decentralized perpetual trading platform — is also planning to migrate to utilising Pyth for their asset price sources. Membrane, is a money-market protocol wherein vault owners can deposit their collateral to receive a line of credit against it.","\"Mars has so far relied on Osmosis TWAP for price data. This significantly limits the selection of assets that can be listed – Mars can only list assets that have sufficient liquidity in Osmosis pools, which is a prerequisite for a secure TWAP,” said Larry0x, a Mars contributor. “Many high quality collaterals, such as stETH, are excluded. Switching to Pyth is something that needs to be decided by the Martian Council, but my opinion is doing so will unlock tremendous growth potential for Mars.\"","“One of the most challenging and risky aspects of developing a money market or generalized credit protocol is sourcing and maintaining quality, robust price sources for assets,” said Mars Contributor, Dancreee. “This is also one of the largest barriers for protocol adoption. Without the ability to price in demand assets, the protocol will struggle to attract liquidity and grow.","“At Delphi Labs, we have a team dedicated to risk analysis. Our team’s research includes diving into previous black swan type events and how oracles have performed during them to understand the risks that come with listing different types of assets as collateral. In our research, we have found the sophisticated metrics offered by Pyth could have helped mitigate shortfall events on some protocols. This, along with the ability to enable listing of a wider range of assets, means we are advocating for Mars Protocol to utilize Pyth for price sourcing, and are excited at the potential to collaborate with them in the future.”","For more information about using Pyth data on Cosmos, check out our documentation.","Osmosis is the premier cross-chain DeFi hub. As the liquidity center and primary trading venue of Cosmos – the open, emergent ecosystem of sovereign Layer 1s connected with the Inter-Blockchain Communication protocol (IBC) – it is the access point for the wide world of appchains, the gateway to the interchain. As IBC continues to explode – with more than 50 blockchains connected and dozens more in development, including dYdX chain, and with teams working to enable IBC on Avalanche, Polkadot, NEAR, and others, potentially even Ethereum – Osmosis will be there to welcome new users, developers, and protocols to the Internet of Blockchains.","For more information about Osmosis, please visit their website and documentation.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 200+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Osmosis community, you will soon see many more Cosmos ecosystem tokens supported on the network as well as Cosmos chains accessing Pyth data. You can find our price feeds on the website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Cosmwasm","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-osmosis"},"/blog/pyth-monthly-update-may-2023":{"version":1,"title":"Pyth Network Monthly Update | May 2023 - Blog - Pyth Network","description":"May’s surge fueled Pyth Network’s growth, partnering with Vela, Beluga & Vyper across L1/L2 ecosystems for DeFi innovation.","keywords":"","h1":["Pyth Network Monthly Update | May 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","📅 Events","🧑‍🤝‍🧑 Community & Socials"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","May’s surge fueled Pyth Network’s growth, partnering with Vela, Beluga & Vyper across L1/L2 ecosystems for DeFi innovation.","Updates","Jun 1, 2023","“May, more than any other month of the year, wants us to feel most alive.” — Fennel Hudson","May has been an explosive month for the Pyth Network, as it joined forces with long-time leaders and exciting upstarts across a multitude of L1 and L2 ecosystems.","It’s our honor to power heavyweights such as Vela, the Arbitrum DEX, and Beluga, the multi-chain oracle-based AMM. Familiar names like Vyper, the DeFi derivatives layer Solana and now Arbitrum, have also integrated Pyth for interesting use cases like on-chain forex trading. But wait, there's more! Pyth's real-time data is also supporting Lyra, Pika Protocol, and Conduit Finance on Optimism, and Helix on Injective (Cosmos).","April showers, May flowers. Let a thousand bloom: we’re looking forward to seeing the results of the Solana Summer Bootcamp and Hackathon, hosted by Encode Club and supported by Phantom, Wormhole, and of course, the Pyth Network. There’s also a Pyth Bounty up for grabs for the best submission!","Who’s #PoweredByPyth? Who’s publishing data to Pyth?","Vela, a leading DEX on Arbitrum, is now #PoweredByPyth","Beluga, an oracle-based AMM on Arbitrum, is #PoweredByPyth","Vyper, the DeFi derivatives layer on Arbitrum and Solana, is #PoweredByPyth for its on-chain FX trading","Lyra, an options AMM on Optimism, has become #PoweredByPyth thanks to Synthetix Perps V2","Conduit Finance, a decentralized derivatives trading platform on Optimism and Synthetix, is now #PoweredByPyth","Pika Protocol (V4), a decentralized leverage trading platform on Optimism, is now #PoweredByPyth","Helix, the decentralized order book exchange for crypto spot and derivatives trading on Injective, is now #PoweredByPyth","zkDX, the first decentralized derivatives exchange on zkSync, is #PoweredByPyth","Freely Finance, a DeFi native frontend, has integrated D8X backend, a #PoweredByPyth perpetual protocol on Polygon zkEVM","FusionX Finance, a decentralized exchange built on Mantle (testnet), is #PoweredByPyth","KiloEx, a next generation perpetuals DEX (testnet) on BNB Chain, is #PoweredByPyth","Helium, a global network of Hotspots that create public, long-range wireless coverage for IoT devices and cellular devices, is #PoweredByPyth","LP Finance, Solana’s first Time-weighted Average Market Maker (TWAMM), is #PoweredByPyth","GooseFX, a perpetual futures platform on Solana, is #PoweredByPyth","Kamino Finance, the Pyth-powered yield optimizer on Solana, has reached $1 billion in trading volume!","Econia, an Aptos built order book layer, is #PoweredByPyth","Tsunami Finance, a margin trading and spot exchange #PoweredBypyth on Aptos, launches their mainnet","Merkle Trade, a decentralized trading platform built on Aptos and #PoweredByPyth, launched the Aptos Builders Trading Competition","Interest Protocol, a DeFi protocol built on Sui, is #PoweredByPyth","Kryptonite, a borrow-lending protocol (testnet) on Sei Network, has become #PoweredByPyth","Deepr Finance, an upcoming money markets protocol (testnet) on ShimmerEVM, is now #PoweredByPyth","Mold, a derivate platform on Conflux, is #PoweredByPyth","Tsunami Exchange, a DEX built on the Waves Blockchain, is #PoweredByPyth","Skynet Trading, a trading software and investment firm in the digital assets world, is now contributing data to the Pyth Network!","New Blockchains? Features? Price Feeds? You want it, we’ve got it.","Launch of Pyth Stats V1. Take a peek under the hood and become starstruck by the Pyth Network’s performance","Pyth data is now available on Sui Network","Pyth data is now available on Injective","Coming soon: Pyth oracles on Osmosis","New Pyth Price Feeds: XRP (Ripple), CFX (Conflux), INJ (Injective), SUI (Sui Network), BAL (Balancer), PEPE (Pepe), LDO (Lido), ANKR (Anker), SAMO (Samoyed)","Pythian parties near you, online and offline!","Hackathon: The Solana Summer Bootcamp and Hackathon, brought to you by Encode Club","Workshop: Applying High-Fidelity Market Data in Web3 with Metacamp in Singapore","Podcast: Mike Cahill joins Logan Jastremski for a data-driven discussion","Watch: Delivering Data to Polygon Developers","Pyth Meet-Up: Pyth Data-Driven Happy Hour World Tour at Consensus 2023 in Austin","Pyth Meet-Up: Solana Hacker House in Taipei","Townhall: Get #PoweredByPyth while #BuildingOnBase","AMA: Get charged up with Pika Protocol and Pyth","AMA: Revolutionizing DeFi with Perpetual Trading, APIs, and Real-time Data with Polygon","AMA: Discussion on cross-chain data and building the next generation of financial dApps with Injective","AMA: Interested in high-performant DeFi on Aptos?","AMA: The flow runs deep with Tigris Trade and Pyth data","AMA: Oracle leaders discuss! UMA and Pyth reflect on next-generation oracle designs","Learn2Earn: A field trip to greet the Pythia with Sable Finance","What’s new with the Pythians?","gm. Say it back!","Sui is Pyth-pilled","Fantom likes Pyth","The derivatives world is #PoweredByPyth","Calling Ambassadoooors!","Driftooors rejoice!","Benchmarks Visualized: Learn how teams like Ribbon Finance use Pyth Benchmarks for precise options settlement!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-may-2023"},"/blog/new-pyth-data-provider-ltp":{"version":1,"title":"New Pyth Data Provider: LTP - Blog - Pyth Network","description":"Pyth Network welcomes LiquidityTech Protocol (LTP), a prime broker, to enhance digital asset data access and deliver real-time price information.","keywords":"","h1":["New Pyth Data Provider: LTP"],"h2":["Who is LTP?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes LiquidityTech Protocol (LTP), a prime broker, to enhance digital asset data access and deliver real-time price information.","Data Providers","Jun 8, 2023","We are pleased to welcome LTP, a leading prime broker for sophisticated investors in the digital asset space, to the Pyth Network. LTP will contribute its proprietary market data for digital assets to further support Pyth’s mission of delivering dependable, cost-efficient, and real-time access to asset prices.","LTP, or LiquidityTech Protocol, is a leading prime broker for sophisticated investors in the digital asset space.","With extensive optimized infrastructure and crypto-native experience, LTP offers a comprehensive suite of professional services that enable traders to efficiently access the breadth of CeFi and DeFi liquidity in a fast, low-cost, and secure manner.","\"We are delighted to join forces with Pyth,\" said Jack Yang, Founder and CEO of LTP. \"Pyth's commitment to improving liquidity and market efficiency aligns perfectly with our mission. By integrating our advanced market data systems with their offering, we aim to empower market participants with the tools they need to navigate the rapidly evolving digital asset landscape.\"","“We are excited that LTP, a leading industry participant, has joined the group of other pioneers on Pyth network with the common goal of improving oracle services and providing reliable, high quality financial data for the web3 ecosystem,” said Abhimanyu Bansal, Contributor for the Pyth Data Association.","We look forward to further joining forces with more amazing data partners to build the digital data marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about LTP","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-ltp"},"/blog/new-pyth-data-provider":{"version":1,"title":"New Pyth Data Provider: TTMzero - Blog - Pyth Network","description":"Pyth Network welcomes TTMzero, a leading RegTech firm, to enhance asset price data offerings for reliable, real-time market insights.","keywords":"","h1":["New Pyth Data Provider: TTMzero"],"h2":["Who is TTMzero?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes TTMzero, a leading RegTech firm, to enhance asset price data offerings for reliable, real-time market insights.","Data Providers","Jun 13, 2023","We are pleased to welcome TTMzero, the leading RegTech and Capital Markets technology specialist, to the Pyth Network. TTMzero will contribute US equities, foreign exchange, and metals data to support Pyth’s mission of delivering dependable, cost-efficient, and real-time access to asset prices.","TTMzero are RegTech and Capital Markets technology specialists with a range of sophisticated data products and software solutions which assist financial institutions in complying with regulatory and reporting requirements.","TTMZero brings deep expertise and a wealth of experience to its clients worldwide. And as its name suggests, TTMZero can deliver its products in a very short Time To Market.","TTMZero's proprietary derivatives pricing engine powers its two main areas of expertise: an independent valuation of financial instruments and the automation of issuing new financial instruments and better managing their life cycles.","\"We are thrilled to partner with Pyth Network in this collaboration. By integrating our reliable real-time pricing solution into the blockchain ecosystem, we empower the community with real-time access to valuable data,” said Simon Ullrich, Managing Director and co-founder at TTMzero, part of United Fintech. “This partnership addresses the market's demand for transparency and reliability while driving the transformation of decentralised finance.\"","We look forward to further joining forces with more amazing data partners to build the digital data marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about TTMzero","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider"},"/blog/all-of-the-cosmos-shall-be-poweredbypyth-newsletter-41":{"version":1,"title":"All of the Cosmos Shall Be #PoweredByPyth | Newsletter #41 - Blog - Pyth Network","description":"Pyth oracles now on Osmosis, powered by community vote! Mars Protocol & others join the Interchain Liquidity Layer for low-latency data.","keywords":"","h1":["All of the Cosmos Shall Be #PoweredByPyth | Newsletter #41"],"h2":["What’s New in the Ecosystem?"],"h3":["Pyth Launches Low-Latency Pull Oracles on Osmosis","#PoweredByPyth Applications","Intelligent Agents Join the Pyth Network"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Osmosis, powered by community vote! Mars Protocol & others join the Interchain Liquidity Layer for low-latency data.","Newsletter","Jun 3, 2023","We’re delighted to announce that Pyth’s price feed oracles are now available on Osmosis, the Interchain Liquidity Layer of the Cosmos Hub! The deployment of the Pyth oracle on Osmosis follows a successful governance proposal, where 86.4% of the community voted to deploy the Pyth smart contract.","Joining us for take-off are Mars Protocol, Levana, and Membrane. Mars Protocol is an autonomous credit protocol on Osmosis. Delphi Labs intends to propose to Mars’ governance to migrate to Pyth price feeds. Levana — the decentralized perpetual trading platform — is also planning to migrate to utilising Pyth for their asset price sources. Membrane, is a money-market protocol wherein vault owners can deposit their collateral to receive a line of credit.","You can also learn more about our partnership with Osmosis by checking out our blog post.","Everyday, new applications become #PoweredByPyth. This month was an especially busy one for the network.","CAP V4, a decentralized trading protocol on Arbitrum that became #PoweredByPyth earlier this year, already processed over $2B in trading volume.","Vela Exchange, a decentralized exchange on Arbitrum with advanced perpetuals trading capabilities, community focused incentives, and a scalable infrastructure, that processed over $5B in trading volume has now become #PoweredByPyth.","Lyra Protocol is an options AMM that allows traders to buy and sell options on cryptocurrencies against a pool of liquidity. Lyra through its Synthetix Perps V2 implementation has become #PoweredByPyth.","Pika Protocol is a decentralized leverage trading platform on Optimism where users can access markets for crypto and other assets — and this month, Pika V4 is going live, #PoweredByPyth of course.","Conduit Finance, a premier decentralized derivatives trading platform built on Optimism — integrated on top of Synthetix, Conduit has then became #PoweredByPyth!","Levana is a decentralized and fully-collateralized perpetual trading platform built on Sei. #PoweredByPyth on testnet, Levana's fully-collateralized model provides everyone with easier, safer access to leverage trading rewards and benefits: 30x Leverage, Market Neutral Trading Strategies, and Real Yield for Liquidity Providers.","Clockwork is an open-source automation engine for Solana. As of today, you can schedule transactions and build automated, event-driven smart contracts events based on Pyth’s real-time prices — all #PoweredByPyth.","GooseFX is a full suite DeFi platform built on the Solana blockchain, offering a variety of unique decentralized peer-to-peer financial products. From NFT Aggregator, to perpetuals, and re-imagined single-sided liquidity pools, GooseFX leaves no stones unturned. Traders on GooseFX already have access to $SOL perpetual product and will soon have access to many more markets—all #PoweredByPyth","LP Finance has launched on Solana the first-ever TWAMM #PoweredByPyth. This TWAMM pools large orders together, breaks them down into small pieces, and executes them over a specified time interval (TWAP orders).","Slide Labs is the premier social trading platform built on Solana and Drift (and so #PoweredByPyth). Slide Labs is designed to bridge the best traders with people who are interested in the markets but do not have the expertise to evaluate charts.","Kilo Exchange provides seamless full-suite trading experience while offering LPs risk-neutral positions and LP-friendly solutions, all #PoweredByPyth. Started in Q1 2023, KiloEx offers intuitive peer-to-pool trading DEX and near-instant trade settlements on BNB Chain.","Tsunami Finance is a margin trading and spot exchange built for trading with 0% slippage, known exit liquidity, low funding fees, low spreads, accruing collateral, and profitable liquidity provision. Tsunami Finance is #PoweredByPyth to empower this superior trading user experience.","Kryptonite is a lending protocol where any asset can become a source of yield. Kryptonite will be among the first applications to benefit from the Pyth’s low-latency price feeds on the Sei Network.","Freely Finance has been a DeFi native front-end provider for the renowned Liquity protocol and now, they’re ready to integrate D8X — a perpetual trading protocol on Polygon zkEVM #PoweredByPyth — as a backend partner for their Freely Perps","Mold is a derivative platform on Conflux and has decided for the best: become #PoweredByPyth! Soon available on testnet so keep an eye out.","Tsunami Exchange is a DEX built on the Waves Blockchain that offers users exposure to all type of financial assets. Tsunami Exchange relies on liquidity providers to fulfill user trades at the current oracle price — #PoweredByPyth.","Deepr Finance, a protocol that enables users to lend and borrow digital assets without the need for intermediaries, has become #PoweredbyPyth on Shimmer EVM testnet","Pinnako stands as a pioneering decentralized perpetual trading platform, offering a diverse array of markets bolstered by substantial liquidity built on zkSync and Mantle — #PoweredByPyth of course","SeiSwap is a layered DeFi platform built on the Sei Network where OTC swaps, a bonding curve launchpad, a permissionless DEX, and more are made possible thanks to the Pyth Network.","We are pleased to welcome Skynet Trading, a trading software and investment firm in the digital assets market, to the Pyth Network. Skynet Trading will contribute digital asset price data to support the Pyth Network’s ability to provide dependable and cost-efficient access to real-time financial data for decentralized applications.","“We are pleased to offer our data to the Pyth oracle, thereby enhancing a vital and widely utilized component of DeFi and Web3 infrastructure,\" said Petros, Head of Institutional Solutions at Skynet Trading. \"We anticipate a fruitful partnership with Pyth's existing community in fortifying the oracle's resilience.\"","For more details, check out the dedicated blog post here.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/all-of-the-cosmos-shall-be-poweredbypyth-newsletter-41"},"/blog/pyth-launches-price-oracles-on-mantle-5testnet":{"version":1,"title":"Pyth Launches Price Oracles on Mantle (Testnet) - Blog - Pyth Network","description":"Pyth oracles now live on Mantle testnet, boosting DeFi with 200+ price feeds for equities, commodities & more. Secure, low-fee layer 2.","keywords":"","h1":["Pyth Launches Price Oracles on Mantle (Testnet)"],"h2":[],"h3":["Mantle","Pyth","What’s Next?","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now live on Mantle testnet, boosting DeFi with 200+ price feeds for equities, commodities & more. Secure, low-fee layer 2.","Blockchains","Jun 13, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on Mantle testnet for their developers to become #PoweredByPyth.","Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering high security at low fees. Developers on Mantle testnet can now build with Pyth’s 200+ price feeds for equities, commodities, foreign exchange pairs, ETF’s, and cryptocurrencies.","The network is now supporting leaders in the Mantle DeFi community including FusionX, and Pinnako Exchange. Pyth launch on Mantle testnet is a first step towards growing the broader Mantle ecosystem and unlock once-inaccessible financial data for their developers.","\"We are excited to partner with Pyth to bring low-latency, high-quality data to the Mantle Testnet,\" said Arjun Kalsy, head of ecosystem at Mantle. \"This collaboration will enable developers to build dApps with access to an ever-growing pool of dynamic data, accelerating innovation in the web3 space.”","Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering high security at low fees. Builders can leverage Mantle’s unique design to build dApps with exceptional UX, all while relying on Ethereum’s unrivaled security.","Why Mantle?","Hyperscale Performance: Mantle combines roll-up technology with a decentralized data availability layer, driving supercharged performance with low fees and faster finality.","Unparalleled Security: Ethereum’s roll-up technology ensures that high throughput comes with unrivaled security in a familiar EVM environment for both developers and users. Additionally, as the first L2 network partner for restaking protocol EigenLayer, Mantle directly inherits security from Ethereum while offering high performance at low fees.","Community Owned & Accelerated: Mantle is the world’s first DAO-led L2 network backed by BitDAO and governed by the sizeable and growing $BIT community.","For more information on Mantle, please visit their website or documentation., or follow Mantle Twitter, Mantle Devs Twitter, Discord, Telegram, Youtube or Medium.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $40B in total trading volume and received over 800K client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 250+ real-time price feeds across crypto, equities, FX, and commodities.","You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Mantle community, you will soon see many more tokens supported on the network as well as Mantle applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-mantle-5testnet"},"/blog/pyth-in-the-governance-arena-newsletter-42":{"version":1,"title":"Pyth Network in the Governance Arena | Newsletter #42 - Blog - Pyth Network","description":"Pyth oracles launched on Mantle testnet, a high-performance Ethereum Layer 2. Expanding network support including FusionX and Pinnako Exchange.","keywords":"","h1":["Pyth Network in the Governance Arena | Newsletter #42"],"h2":["What’s New in the Ecosystem?","#PoweredByPyth Applications"],"h3":["Pyth Launches Price Oracles on Mantle","It’s Governing Time!","An Ever-Growing Roster of Data Providers","A Space Tour"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles launched on Mantle testnet, a high-performance Ethereum Layer 2. Expanding network support including FusionX and Pinnako Exchange.","Newsletter","Jun 16, 2023","It’s time to don the mantle. We’re pleased to report that Pyth’s low-latency pull oracles are now available on Mantle testnet for developers to try out!","Mantle is a high-performance Ethereum Layer 2 network built with modular architecture delivering high security at low fees. The Pyth Network is now supporting exciting upstarts like FusionX and Pinnako Exchange. We look forward to the launch of Mantle on mainnet, and we’ll be ready to support developers with even more price feeds.","\"We are excited to partner with Pyth to bring low-latency, high-quality data to the Mantle Testnet,\" said Arjun Kalsy, Head of Ecosystem at Mantle. \"This collaboration will enable developers to build dApps with access to an ever-growing pool of dynamic data, accelerating innovation in the web3 space.\"","If you’d like to learn more about Mantle and what it means to be #PoweredByPyth, be sure to check out our recent panel discussion with Mantle and FusionX Finance.","Governance is paramount for DeFi for two reasons. Firstly, governance allows the community to collectively decide on important matters such as protocol upgrades and the introduction of new features. This democratic approach ensures that decisions are made with the broader interests of the ecosystem in mind. Secondly, governance enhances transparency by providing a platform for open discussions and debates on proposals, enabling stakeholders to voice their opinions and concerns. By allowing stakeholders to actively participate in shaping the protocol's future, governance strengthens the overall resilience and longevity of DeFi ecosystems, making them more decentralized, transparent, and aligned with the user base.","You may have seen the Pyth Network appear across topical governance discussions for Aave and Mars Protocol.","Aave continues to lead as the borrow-lending protocol for EVM chains. There’s $5B in value locked in Aave currently, with a peak of close to $20B in mid-2021. Given the enormous success of Synthetix’s integration with Pyth for their Perps V2, the contributors of the Pyth Data Association recently submitted a proposal for Aave to adopt Pyth as a backup oracle on Optimism.","Following a productive forum discussion, the temperature check for Pyth to Support AAVE on Optimism as a Secondary Oracle has passed with flying colors: 67% for and only 2.5% against.","Similarly, Mars Protocol, a money-market built on Osmosis, has kickstarted the governance process to replace its current oracle with Pyth Price Feeds. You can read more about this proposal on their forum post. The proposal suggests to replace their current TWAPs for OSMO, ATOM, USDC, BTC, ETH, and AXL with the Pyth versions.","The Pyth Network is also looking forward forward to the decision the Mars token holders will take as the Cosmos Hub ecosystem grows in predominance and the Pythians are ready to fuel Mars’ growth towards the billion dollar TVL milestone.","Everyday, new applications are becoming #PoweredByPyth. Let’s check out our new users and see what our veterans have been up to over the last two weeks!","KiloEx, an oracle-based DEX #PoweredByPyth on BNB Chain, has launched on mainnet!","Fuzio, a full-suite DeFi app built on the Sei Network, offering prediction markets, a DEX, launchpad, and liquid staking solutions has decided to become #PoweredByPyth.","FusionX Finance, the community-built open-source DeFi ecosystem will have its various products #PoweredByPyth.","Pinnako Exchange, a next-gen derivatives exchange on zkSync and Mantle, is now #PoweredByPyth.","Tsunami Finance, a decentralized perpetual protocol #PoweredByPyth on Aptos, was spotted in Amsterdam for Aptos Holland Warehouse!","Tsunami Exchange, a DEX where you can trade everything on the Waves blockchain, added support to brand new markets—all #PoweredByPyth.","Venus, the #1 decentralized money market on the BNB Chain is launching isolated markets—#PoweredByPyth.","Morphex, a decentralized perpetual exchange on Fantom, has now expanded to the BNB Chain while remaining #PoweredByPyth.","Synthetix, the liquidity layer for synthetic trading, has added support to stETH perpetual trading—a first in the DeFi ecosystem, thanks to being #PoweredByPyth.","Mars Protocol, a money-market on Osmosis, is currently asking its community whether or not it should become #PoweredByPyth—more details below!","Levana Protocol, a fully collateralized perps protocol on Osmosis and Sei, has decided for the best: becoming  #PoweredByPyth.","Membrane Finance, is building a EURO based collateral debt protocol on Osmosis, and is now #PoweredByPyth.","Clockwork, an open-source automation engine for Solana applications, now offers automatic price triggers #PoweredByPyth.","YouSUI, an all-in-one platform offering swaps, staking and others is now #PoweredByPyth.","Over the past two weeks, two new data providers have joined the Pyth mission to deliver dependable, cost-efficient, and real-time prices for a plethora of assets.","LTP, or LiquidityTech Protocol, is a leading prime broker for sophisticated investors in the digital asset space. With extensive optimized infrastructure and crypto-native experience, LTP offers a comprehensive suite of professional services that enable traders to efficiently access the breadth of CeFi and DeFi liquidity in a fast, low-cost, and secure manner.","\"We are delighted to join forces with Pyth. Pyth's commitment to improving liquidity and market efficiency aligns perfectly with our mission,\" said Jack Yang, Founder and CEO of LTP. \"By integrating our advanced market data systems with their offering, we aim to empower market participants with the tools they need to navigate the rapidly evolving digital asset landscape.\"","TTMzero are RegTech and Capital Markets technology specialists with a range of sophisticated data products and software solutions which assist financial institutions in complying with regulatory and reporting requirements. TTMZero's proprietary derivatives pricing engine powers its two main areas of expertise: an independent valuation of financial instruments and the automation of issuing new financial instruments and better managing their life cycles.","\"We are thrilled to partner with Pyth Network in this collaboration,\" said Simon Ullrich, Managing Director and co-founder at TTMzero, part of United Fintech. \"By integrating our reliable real-time pricing solution into the blockchain ecosystem, we empower the community with real-time access to valuable data. This partnership addresses the market's demand for transparency and reliability while driving the transformation of decentralised finance.\"","To explore who else is publishing data to the Pyth Network, please visit our website.","Imagine the rich tapestry of conversations that unfolded in our recent Twitter Space panels. If a discussion happens in the digital realm, and it's not shared with others, did it truly resonate?","Groundbreaking UX? Let’s talk about it with DeFi Dad","“From Delphi to Krypton—everyone is #PoweredByPyth”","It's time for a mixer with the Sui Network ecosystem builders","What's happening in the #Sui Ecosystem?","It’s time to take on the Mantle!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-in-the-governance-arena-newsletter-42"},"/blog/what-is-a-blockchain-oracle":{"version":1,"title":"What is a Blockchain Oracle? - Blog - Pyth Network","description":"Blockchain oracles connect blockchains to real-world data, allowing smart contracts to access information and execute complex operations.","keywords":"","h1":["What is a Blockchain Oracle?"],"h2":["Oracles for Decentralized Finance","Why Do We Need Price Oracles?","The Current State of Price Oracles","Rethinking Price Oracles","Addressing Concerns","The Path Forward"],"h3":["Types of Oracles","First-Party Data Sourcing","Deep Dive: How Pyth Works","Pythnet Appchain","Pull, Don’t Push"],"h4":["Similar stories"],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Institutions on Pyth Are Building the Next Market Data Layer","Where Hyperliquid and Pyth Line Up","IPOs Are Becoming Market Processes","Building The Modern Index Provider"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Blockchain oracles connect blockchains to real-world data, allowing smart contracts to access information and execute complex operations.","Education","Jun 16, 2023","A blockchain oracle serves as a bridge between blockchains and the outside world, enabling smart contracts to access off-chain data to power their services.","Oracles are typically third-party services that source, verify, and transmit external information to smart contracts running on the blockchain. They expand the functionality of smart contracts by providing a mechanism to interact with off-chain data to perform valuable tasks and services. Without oracles, smart contracts would be limited to on-chain data and unable to access external information.","To provide a rudimentary example: in a scenario where Alice and Bob place a bet on the outcome of a horse race, both players can lock their funds in a smart contract which releases the funds to the winner based on the real-world outcome of the race. Although the smart contract cannot directly interact with the external world, a third-party oracle can query a trusted API to retrieve the result, and transmit the result to the smart contract to determine the winner, and enable the contract to distribute the funds accordingly.","Note that oracles are not the data source itself but rather a layer that retrieves, verifies, and relays external data to smart contracts. They can transmit various types of information, such as price data, payment confirmations, or sensor measurements.","Moreover, oracles must transmit this data while preserving the characteristics inherent to smart contracts: trustlessness and decentralization. This is essentially the oracle problem: ensuring the reliability, authenticity, and the trustworthiness of off-chain data served to smart contracts while also eliminating single points of failure and centralization.","There are many types of blockchain oracles for different purposes. We can categorize oracles based on the source of data (hardware or software), the direction of information (inbound or outbound), and the trust model (centralized or decentralized). Each oracle type brings unique capabilities and benefits.","Hardware oracles: gather data from the physical world, such as information from motion sensors or RFID sensors.","Software oracles: collect data from digital sources like websites, servers, or databases. Commonly used to provide real-time data like exchange rates or price variations.","Inbound oracles: mainly deliver off-chain or real-world data to the blockchain. Can be used to trigger specific actions based on off-chain events.","Outbound oracles: send blockchain data to the external world. Can provide updates on on-chain events to external systems.","Centralized oracles: managed by a single entity and rely on a single source of information. Can pose risks as they introduce a single point of failure, making contracts vulnerable to attacks.","Decentralized oracles: leverage multiple sources of information and consensus mechanisms to provide more reliable and tamper-resistant data. Can minimize counterparty risk and enhance the trustworthiness of the information used by smart contracts.","Human oracles: individuals with specialized knowledge who act as a source of data. They can gather information, verify its legitimacy, and convert it into smart contracts. Human oracles can use cryptographic techniques to verify their identity and provide trustworthy data.","Contract-specific oracles: designed for specific smart contracts and serve their individual needs. However, they require additional effort to maintain and may not be suitable for general-purpose use.","Computation oracles: perform complex calculations and return calculated results that are difficult or costly to perform on-chain. Can be particularly valuable in scenarios where network gas constraints and high computation costs pose limitations.","Blockchain oracles are essential for any sophisticated and valuable smart contract service. The use cases for oracles span across numerous industries by tracking data related to geolocation data (supply chain analysis, IoT), sporting (prediction markets), weather (travel, farming), time and interval data (automation) and—our main research focus—financial and capital markets data.","The decentralized finance (DeFi) industry promises to unlock more efficient, more transparent, and fairer markets for the global community. In order to do so, DeFi applications will need dependable, trustless access to a wide gamut of data: asset prices (from cryptocurrencies to real estate), benchmark reference data (interest rates, funding rates), volatility and market impact data, and more.","Indeed, the rapid expansion of the industry since the “DeFi Summer” of 2020 has highlighted the critical need for oracle market data that is comprehensive, available, and robust. Furthermore, oracle infrastructure needs to provide high-quality data, be seamlessly integrable with any L1/L2 blockchain, and be ready to scale with the growing demands of an increasingly sophisticated DeFi ecosystem.","Price feed oracles remain the primary and most discussed oracles in DeFi. The history of price feed oracle design is almost as long as that of smart contracts, but existing architectures are now showing their limitations.","For the remainder of this discussion, we will cover a few topical questions:","Why do we need blockchain and price feed oracles, and why are they important?","What do current oracle designs entail, and are they effective?","What alternative designs might overcome existing limitations?","It has become clear that oracles will continue playing a critical role within blockchain, but that existing oracle networks have fallen short and are insufficient in scaling DeFi to where it needs to be. Legacy solutions often depend on intermediary parties (nodes) corroborating and aggregating data, leading to time delays, opaque data sourcing, and knock-on scaling issues due to costs.","A new oracle network architecture is emerging, which focuses on pull instead of push models, and incentivizing highly credible data owners and creators to share their data.","The leading category of oracles are known as price feed oracles, which provide pricing data on cryptocurrency assets, equities, commodities, and more.","To help illustrate their importance, let’s consider various examples:","Derivative Protocols: must provide traders with accurate asset prices, and facilitate liquidations in a timely manner once positions become under-collateralized.","DEX Aggregators: liquidity is sourced from various decentralized exchanges, meaning that accurate oracle pricing is needed for identifying the best prices and executing trades with minimal slippage.","Stablecoins: crypto-collateralized stablecoins require oracle data to ensure that positions are adequately collateralized, and that they properly maintain their peg.","Borrowing/Lending Protocols: these often rely upon dynamic borrowing and lending rates, which are a function of current asset prices. Delayed or inaccurate prices can harm liquidity health as a whole, particularly during volatile periods.","We can’t solely rely on a single party to provide this data, as that would represent a centralized point of failure which contrasts with the ethos of DeFi. Instead, we require data that is immune to tampering and yet timely.","This is easier said than done, as their importance within DeFi frequently makes oracles major targets for exploits. Yet, having trustworthy and robust data sources is crucial for any project in DeFi. This is why oracles are commonly referred to as the backbone of DeFi. As the DeFi space continues to evolve and expand at an accelerating pace, the need for quick and reliable access to data that’s immune to exploits will become increasingly paramount.","Now that we have a background on oracles, let’s examine existing architectures.","A common oracle network design is known as a Reporter Oracle Network, which relies upon multiple independent nodes acting as intermediaries between data sources and blockchain-based applications (the end users).","In Reporter Networks, intermediary nodes are responsible for retrieving data from off-chain sources, such as market data specialists or public APIs, and then relaying that information “over the last mile” to its final destination—the blockchain. These nodes would also be responsible for performing data aggregation, validation, and verification.","For example, let’s imagine that 100 nodes are tasked with retrieving the price of BTC at a given point in time. They would retrieve the price from various data sources (for example, they might use 30 data sources each on average) and then aggregate their responses to generate a single average or median output. The majority of nodes might end up with the correct price, whereas a fraction of the nodes may have used poor data sources and provided an incorrect response. The oracle network would then aggregate the responses of the majority, and submit that as the correct response.","Economic incentives are often put in place to keep these nodes working and honest. Nodes that are accurate could receive rewards in the form of token incentives, whereas those that were inaccurate could be penalized through mechanisms like slashing.","This oracle design has a few key advantages:","Security: having various data sources and intermediary nodes means it is challenging for any given party to manipulate the network and influence the final price output","Data Sources: a wide range of data sources are available which ensures a wide range of information is available to the oracle, often increasing accuracy and reliability","Blockchain Agnostic: any blockchain network may incorporate this design, as they already rely upon nodes for block validation","However, this design also has several drawbacks.","It is inefficient to have many nodes corroborating data with one another and then aggregating the data and performing consensus. This process can be slow, and existing deployments can update their data approximately every 15 minutes, which is insufficiently slow for scaling blockchain on a global level. Associated network costs (e.g. ETH gas fees) can also quickly add up for frequent updates across many asset pairs, reducing the number of available asset pairs without the need for extremely high subsidies and workarounds for network congestion.","The increasing gas fees necessary to support a growing network of nodes need to be passed down to the end user or subsidized. This limitation inhibits the scalability of a Reporter Network in terms of supporting more data or users.","Furthermore, data sources in Reporter Networks are often opaque. In these networks, data is usually aggregated off-chain and brought on-chain in a non-transparent manner—in direct contrast to blockchain’s goal of transparency. So while the node entity providing the data is known, their ultimate data sources are not.","This is particularly concerning during highly volatile times when various data sources may update infrequently or with a lack of granularity. In fact, the data sources upstream may not even be aware that their data is being used to secure smart contract value, resulting in further issues of data quality and accountability. This does not even broach the issue of data legality: some data suppliers do not permit their data to be reported to public ledgers, as they wish to limit distribution to subscribers.","The Reporter Network design is specialized for publicly obtainable data on-chain—and such solutions have played a significant role in advancing DeFi to its current state. However, as we strive to bring DeFi to billions of users on a global scale, it is essential to address the limitations of legacy oracle architectures.","In a previous article) comparing Reporter Oracle Networks with a newer architecture, we’ve highlighted the need for oracle solutions which are more transparent, cost-efficient, and scalable. Price oracles of the future need to be ready to scale to all the trading pairs we’re used to in the TradFi realm and support the blockchains developers choose to build on.","The Pyth oracle network introduces a Publisher Oracle Network design which rethinks the type of data a price oracle should retrieve, data selected data sources, and the relationship between data owners and data users. Let’s examine this alternative.","The financial data industry is massive. The largest US exchanges turnover several billions in dollars on revenue for selling market data alone. Given this observation, it may be prudent to change some of our fundamental assumptions on where price oracles should source their data.","There is, for example, publicly available price data available on the internet, reported by free price aggregator services such as Yahoo! Finance or Google Finance. This data has no need to be extremely granular and, in the cases of US equities prices for example, is often delayed by 15 minutes or more due to regulation.","There is also valuable data in the world guarded closely by various institution: accurate and timely information holds immense value. Exchanges and data terminal services like Bloomberg or Refinitiv know this and charge substantial subscriptions for this edge.","Reporter Oracle Networks operate under the implicit assumption that all the data required by blockchains is freely available on the internet. By incentivizing intermediary nodes to collect, verify, and transmit this data, DeFi can track the markets and movements of the world.","In reality, valuable financial data is restricted to a few privileged parties and is not easily accessible. Compensating nodes for retrieving and passing down data works for certain types of data, but not for capital markets data where speed matters and information is an edge. This approach also suffers under the quality, gas efficiency, and even legal constraints of supporting a larger node network.","The Pyth Network takes a fundamentally different approach: an oracle network can incentivize highly credible parties—owners and creators of valuable data—to voluntarily and directly share their data to the network. An on-chain program performs price aggregation to remove outlier influence, while a multi-chain bridge signs and verifies all prices sent to their destination blockchains.","In this Publisher Oracle Network, the data provider parties spin up their own nodes to publish data directly on-chain. This design eliminates the reliance on middlemen nodes, resulting in higher quality data, greater gas efficiency, and ultimately, more scalability for the oracle network to expand to thousands of symbols.","The credible institutions who contribute data to the Pyth Network are known as data providers or publishers. Pyth data providers are typically well-established institutions who possess a wealth of high-quality data, including global exchanges, market makers, and trading firms. Some of the most recognizable names include Cboe, Jane Street, Optiver, Binance, OKX, QCP Capital, Two Sigma, Wintermute and CMS. There are currently more than 100 data providers in the network.","All of these data providers are first-party sources: they create and therefore own the price data they contribute, as they are either trading venues receiving orders (price at which traders intend to trade) or are traders themselves (and executing trades at specified prices). In the Reporter Network, the nodes must scrape or purchase data from other middlemen or first-party sources; that makes them third-party sources.","First-party data means assurance in data quality and network security. The contributions by all data providers for any Pyth data feed means that individual data sources can be held accountable for the quality of their inputs. Furthermore, the reputations of these data providers, and the knowledge that a malicious attack on their end would have a detrimental impact on their business as a whole. This is a powerful and additional deterrent layer against traditional oracle attack vectors.","There is also the obvious point that these institutions possess much higher quality data than is available from simple web scraping or collecting from public aggregators and service providers. Furthermore, because these data sources are the owners of their data, the data can be distributed to blockchain applications without intellectual property concerns.","The Pyth Network protocol allows first-party data providers to publish their proprietary price information on-chain for the public to use.","The protocol is as an interaction between these three parties:","Data Providers: Reputable institutions submit price data directly to the Pyth on-chain oracle program. For any price feed product (e.g. BTC/USD), there are multiple providers publishing towards it to ensure accuracy and robustness.","Pyth Oracle Program: The Pyth oracle program runs on the Pythnet appchain. The program securely and transparently aggregates submitted data to produce an aggregate output.","Users: Pyth’s data users consume the aggregate price data. Users are typically decentralized applications, such as Synthetix, Aevo, or Ethena.","In August 2022, Pyth Network released Pythnet, an application-specific blockchain which enables Pyth data to be aggregated and shared to other chains via the Wormhole Bridge.","Pythnet is built on Solana technology but is ultimately separate from Solana mainnet. Data providers submit data to Pythnet for aggregation; the aggregate price outputs can then reach more than 20 blockchains thanks to Wormhole. There are incredible scalability benefits that emerge from this architectural choice.","New price feeds which launch on the Pyth Network are instantaneously available on all 20+ Pyth-supported blockchains. This is beneficial to builders looking to expand their applications to new blockchains while offering the same markets as asset support as on their original blockchain.","Furthermore, Pyth’s unique architecture allows it to quickly deploy onto new networks which are supported by Wormhole—a rate of approximately one new network per month. In comparison, competing oracle networks often suffer from technical delays that limit their expansion into new networks. For example, one oracle network’s launch on Solana took two years since its original announcement.","Pyth Network operates on a \"pull\" oracle model, where users can actively request or “pull” the data they need from Pyth to their native blockchain environment.","In contrast, traditional oracle solutions operate a “push” model, where price data is automatically “pushed” at a set frequency on-chain, even if no one is using those price updates.","The Pyth pull oracle design brings the following benefits:","Gas Efficiencies: users only pay for data when needed or “on demand”. Gas is not wasted on unused price updates. Furthermore, if another entity pulls a Pyth price on-chain, everyone in that chain can utilize that new price.","High Update Frequencies: Pyth price feeds update faster than once per second—faster than most block times. Updates this frequent would be impossible if every single price had to be pushed on-chain.","Low Latency: Users can rely on the most recently pulled price instead of being forced to rely on the last pushed price.","Reliability: During market volatility, push updates may compete with other transactions for network bandwidth. Pyth’s pull updates are incorporated into the user’s valuable transactions themselves.","Scalability: Pyth can scale out to thousands of new price feeds without added gas costs. Costs are only incurred when users pull data.","The list of benefits is extensive, but it is become clear that the pull oracle (on-demand update) model brings the scalability benefits needed for the future of DeFi.","In spite of Pyth’s proven ability to consistently provide high-quality data to over 20 blockchain networks, a recurring criticism notes that the described architecture is potentially too centralized due to its reliance on institutional data sources.","It’s important to note that Pyth uses a wide variety of data providers, meaning that failure on behalf of any given data provider would have a minimal impact on any price feed. In order for the price feed to be manipulated, a substantial majority of the contributing data providers would need to be wrong. The whitepaper discusses the network’s resiliency against data provider collusion in greater detail.","While it is a valid observation that Pyth Network relies on “trusted” institutions, Pyth’s approach brings major advantages to DeFi while protecting against oracle manipulation or collusion by data sources. The Pyth contributors continue to advocate for oracle solutions to continue innovating and improving on performance, security, and decentralization—striking this balance is no easy task—and the contributors hope to continue leading the charge on this initiative.","Price feed oracles are the backbone of DeFi, responsible for providing accurate and timely data to enable mission-critical applications to transact, secure, and transfer value securely and precisely. Past designs are built on the premise that one can incentivize intermediary nodes to collect and agree upon public information in a trustless manner and submit an aggregated result. This approach has its merits, but also presents tradeoffs such as transmission delays, opaque data sourcing, concerns over distribution rights, and overall, constraints on the oracle network’s ability to scale.","Decentralized finance continues to innovate (even if it takes time for the general public to realize what the industry has cultivated). DeFi infrastructure especially has come a long ways. The Pyth Network introduces a faster, more reliable, and more secure method of sourcing financial data that is otherwise unavailable for most blockchain developers. Already, the Pyth Network has experience substantial growth with:","500+ price feeds available","25M+ price updates per day","300B+ dollars in volumes secured","300+ active data user apps","50+ blockchains supported","Pyth Price Feeds are permissionless. Developers can begin integrating by starting with the docs and exploring case studies such as how Synthetix Perps utilize Pyth prices. Other notable users of Pyth include Ribbon Finance, Venus, and CAP Finance.","As the DeFi ecosystem continues to evolve, the Pyth Network’s role in providing trusted and real-time data becomes increasingly vital for ensuring the security and stability of these networks and scaling the industry as a whole.","We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.","Blog","Sep 10, 2026","Sep 9, 2026","Aug 26, 2026","Aug 24, 2026","Aug 13, 2026","Jul 23, 2026","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/what-is-a-blockchain-oracle"},"/blog/pyth-monthly-update-june-2023":{"version":1,"title":"Pyth Monthly Update | June 2023 - Blog - Pyth Network","description":"June’s a time for fresh starts and growth! Pyth Network expands with 250+ price feeds across four new blockchains, fueling Web3 innovation.","keywords":"","h1":["Pyth Monthly Update | June 2023"],"h2":[],"h3":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community, Socials and Others"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","June’s a time for fresh starts and growth! Pyth Network expands with 250+ price feeds across four new blockchains, fueling Web3 innovation.","Updates","Jul 3, 2023","“June is the time for being in the world in new ways, for throwing off the cold and dark spots of life.” — Joan Chittister","Summertime! A time of relaxation for some, and a time for continued dedication for the Pyth Network contributors and our vibrant ecosystem of Web3 leaders and capital markets pioneers.","Let’s talk scalability. This month alone, Pyth brought its full catalog of 250+ price feeds to four new blockchains: Gnosis, Fantom, Osmosis, and Mantle. This rapid deployment is just a small glimpse of the scalability of Pythnet and the pull oracle model. As the L1/L2 thesis continues playing out, you can expect demand for Pyth data to multiply evermore.","In fact, demand has more than skyrocketed. With the launch of our Pyth Stats page, the community can observe an an exponential growth in data consumption on our cross-chain price update chart. Over the past week alone, the Pyth has delivered over 100K on-demand updates per day. More startling is the realization that the price updates chart currently does not show every chain where Pyth is available, such as Solana.","We will continue updating the the stats widget. In the meanwhile, you may be tantalized by tales of Helix on Injective consuming over 50K price updates per day, and Mars on Osmosis contributing another 10K updates,","You may have also realized that Kwenta and Gelato are working on a decentralized price scheduler for the Pyth Price Feeds. Decentralized applications will soon be able to fund a decentralized set of keepers or automation bots that programmatically pull Pyth prices on-chain at a pre-defined frequency. The result: steady price updates for early-phase builders looking to adopt and survey Pyth price feeds. More announcements on this to follow.","It must be DeFi summer again. Congratulations to Vela Exchange, HMX, Pika Protocol, DePerp, Basilisk, Merkle Trade, Cetus Protocol and many others within the Pythian ecosystem for their new launches! We are always here to support you 🫡","Lido collaborates with Pyth Network to bring a permissionless stETH/USD feed to more than 20 blockchains!","Pyth data on Aave? It’s more likely than you think! A successful temp check and a few more governance steps means that Pyth contributors will start integration work with Aave on Optimism!","We’re honored to see academic leaders at Michigan Blockchain support the Pyth mission and Aave’s adoption of Pyth oracles","Kwenta and Gelato bring on Pyth data!","Synthetix Perps have become exceptionally competitive over the past six months thanks to Pyth","Venus V4, an upcoming isolated money-market protocol on BNB Chain is just around the corner—and will be #PoweredByPyth!","Pika Protocol, a decentralized trading protocol on Optimism, is launching soon with Pyth data!","Vela Exchange, a leading DEX on Arbitrum, has opened to the public and facilitated more than $30M in volume in two days—all #PoweredByPyth!","Polynomial, a UI for Synthetix perpetual products, launched advanced orders #PoweredByPyth","HMX, a next-gen perpetual exchange on Arbitrum, has become #PoweredByPyth and launched on mainnet","Narwhal, the perpetual DEX on BNB Chain, has expanded to Arbitrum and with Pyth data","Mars, an autonomous credit protocol on Osmosis, has voted to become #PoweredByPyth","DePerp, an upcoming perpetual DEX on Optimism and Base, is set to become #PoweredByPyth","Morphex, the perpetual exchange on Fantom, is now #PoweredByPyth on BNB Chain after its cross-chain expansion","KiloEX, a full-suite trading protocol on BNB Chain, has launched on mainnet and is #PoweredByPyth","Sable Finance, the borrowing protocol and creator of Sablecoin USDS on BNB Chain and Arbitrum, are #PoweredByPyth","Basilisk, a new money-market protocol is live on zkSync mainnet and #PoweredByPyth","Clockwork, the automation platform on Solana, has launched Pyth price-based triggers","Merkle Trade, a perpetual platform on Aptos, has become #PoweredByPyth","Cetus Protocol, a DEX and concentrated liquidity protocol on Sui and Aptos, has integrated with the Pyth Prices","Navi Protocol, Sui’s first native one-stop liquidity protocol, is #PoweredByPyth","Fuzio, the Sei DEX and predictions market, will become #PoweredByPyth","YouSUI, an all-in-one DeFi platform on Sui, is #PoweredByPyth","Scallop, the first borrow-lending protocol on Sui, is #PoweredByPyth","Sea Swap, a DeFi platform with OTC swaps, bonding curve launchpad, and DEX, has become #PoweredByPyth","TTMzero, a part of United Fintech and a RegTech and Capital Markets technology specialist, is contributing data to the Pyth Network!","LTP, a leading prime broker for investors in the digital asset space, joins the Pyth Network to deliver price data","Selini, a leading digital assets trading and investment firm, has joined Pyth and will contribute its market data to enrich the network's data offerings","Pyth launches low-latency pull oracles on Gnosis Chain","Pyth launches on Mantle (testnet)","Pyth data is also available on Fantom","Pyth oracles are successfully voted into Osmosis","New Pyth Price Feeds: IOTA/USD, META/USD, AXL/USD, KAVA/USD, GAL/USD, SWEAT/USD, GMX/USD, WAVES/USD, KCS/USD, and TON/USD","FOCK IT, WE GO TO WAR with Zeta Markets and the Mad Lads!","Pythians show up in the Aptos Warehouse in Amsterdam","Pythians run a workshop in the Sui Builder House in Seoul","It’s time to get hacking with Encode Club’s Solana Summer Hackathon, sponsored by Pyth Network, Phantom, Wormhole. Compete for the Pyth Bounty!","Panel: Vela’s Official Launch AMA with Arbitrum, CamelotDEX, Axelar Network, and Vela Exchange themselves","Panel: Pyth Takes on the Mantle with FusionX Finance and Mantle Network","AMA: Kryptonite on Sei and Pyth Network","Panel: DeFi Heavyweights Roundtable with Solana OG’s—Part 1","Panel: What’s New in Sui? Join us and Navi Protocol, BlockVision, ABEx Finance, and Somis.xyz","Panel: Closing the DeFi UX Gap on zkSync Era with SynFutures, Celer Network, Velocore, and DeFi Dad himself","Panel: Sui Projects Mixer #3 with Turbos, Scallop, and Wormhole","AMA: Merkle Trade Trading Contest","Contributor Credence leads the way in covering Pyth in the month of May","Where do Pyth Price Feeds source their data? What keeps them robust and secure? Watch Thomaz explain in our newest video","LeoJ shows us how it’s done with his Pyth-inspired newsletter. Stay up to date with the markets and current events!","Pyth cross-chain updates popped in late June with a lot of action from Sui…","Nevertheless, Pyth transactions on Solana still outweigh cross-chain updates considerably","What is the Pythian’s Lance? “I was never afraid of failure; for I would sooner fail than not be among the greatest”","The Dragon Boat Festival means Health, Luck and Happiness","Pythians are getting Pyth’ed!","When gm is #PoweredByPyth!","A Pythian Drip Code!","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-june-2023"},"/blog/pyth-launches-price-oracles-on-gnosis":{"version":1,"title":"Pyth Launches Price Oracles on Gnosis - Blog - Pyth Network","description":"Pyth low-latency oracles now on Gnosis Chain! Developers can leverage this Ethereum sidechain's secure, neutral network for faster, cheaper transactions.","keywords":"","h1":["Pyth Launches Price Oracles on Gnosis"],"h2":["What’s Next?"],"h3":["Gnosis Chain","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth low-latency oracles now on Gnosis Chain! Developers can leverage this Ethereum sidechain's secure, neutral network for faster, cheaper transactions.","Blockchains","Jun 28, 2023","We’re excited to announce that Pyth’s low-latency pull oracles are now available on Gnosis Chain for their developers to become #PoweredByPyth.","Gnosis Chain is one of the first Ethereum sidechains and has stayed true to its values. By allowing contributors around the globe to easily run a node, Gnosis Chain is secured by over 120k validators. Its diverse validator set and the community governance ensure Gnosis Chain remains credibly neutral at a much lower price point than mainnet.","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Builders on Gnosis Chain can permissionlessly access any of the Pyth’s 250+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","The network is now looking forward to supporting leaders in the Gnosis DeFi community. Pyth launch on Gnosis Chain is a significant step towards growing the broader Gnosis ecosystem and unlock once-inaccessible financial data for their developers and DeFi applications.","Gnosis Chain is an EVM compatible, community owned network that prioritizes credible neutrality and resiliency, open to everyone without privilege or prejudice. Secured by over 100k validators around the world, Gnosis Chain has all the tooling you are used to and trustless bridges to mainnet soon. Using the same execution layer and consensus layer clients as Ethereum, Gnosis Chain is compatible with all future EIPs. Its diverse validator set and the community governance ensure Gnosis Chain remains credibly neutral at a much lower price point than mainnet. Only 1 GNO is required to spin up a validator and the process is user-friendly. Gnosis Chain uses a dual-token model. xDAI is a stable token used to pay for the execution of smart contracts and gas fees, and GNO is used for staking as the governance token for the GnosisDAO.","For more information about Gnosis Chain, please visit their website or documentation.","The Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains in a secure and transparent manner.","The network incentivizes some of the world’s biggest institutional market participants — exchanges, market makers, and financial services providers — to share their proprietary price data on-chain. Pyth continuously aggregates this first-party data on-chain for use by smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in total trading volume and received over 1M client downloads from passionate developers looking to use Pyth data.","Pyth currently supports 250+ real-time price feeds across crypto, equities, ETF’s, FX pairs, and commodities.","For more information about Pyth, please visit the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Gnosis community, you will soon see many more tokens supported on the network as well as Gnosis applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-gnosis"},"/blog/new-pyth-data-provider-selini-capital":{"version":1,"title":"New Pyth Data Provider: Selini Capital - Blog - Pyth Network","description":"Pyth Network welcomes Selini Capital, a digital assets firm, boosting data offerings with their expertise and market insights.","keywords":"","h1":["New Pyth Data Provider: Selini Capital"],"h2":["Who is Selini Capital?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Selini Capital, a digital assets firm, boosting data offerings with their expertise and market insights.","Data Providers","Jun 30, 2023","We are pleased to welcome Selini Capital, a leading digital assets trading and investment firm, to the Pyth Network. Selini Capital will contribute its vast knowledge, expertise and of course first party market data to enrich the network's data offerings.","Selini Capital comprises a team of highly skilled researchers, traders, and engineers with extensive experience in big tech and finance. Their expertise and creativity allow them to navigate the dynamic crypto world successfully, both on and off-chain.","Specializing in algorithmic liquidity provisioning and boasting agile, high-performance infrastructure, Selini Capital has established itself as a prominent player in the digital assets market.","\"We have been following the impressive trajectory of the Pyth Network and are thrilled to be joining the ecosystem as a data provider,” said Mark Clerkin, Head of Business Development and Partnerships at Selini Capital. “In addition to our focus on trading, we value the importance of enhanced digital asset infrastructure, and that is exactly what Pyth is doing. They have built a community of the top trading firms and crypto players globally.”","\"It is fantastic to see the continued growth of the Pyth Network, and we look forward to working alongside the Selini team on this initiative,” commented Stephen Kaminsky, a contributor to Pyth. “Oracles represent critically important pieces of infrastructure for the broader web3 ecosystem, and to take it to the next level will require participation from sophisticated players - as we have seen from the growing institutional adoption trend - and Selini is certainly one of them.”","We look forward to further joining forces with more amazing data partners to build the digital marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Selini Capital","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-selini-capital"},"/blog/where-pyth-is-now-q2-2023":{"version":1,"title":"Where Pyth is Now | Q2 2023 - Blog - Pyth Network","description":"DeFi is buzzing with new builder activity this summer, mirroring the focused effort of \"stonecutting\" – a shift from 2022’s challenges.","keywords":"","h1":["Where Pyth is Now | Q2 2023"],"h2":["Pyth Network, Today","Numbers Go Up"],"h3":["Aave","Synthetix","Venus","Serving All of DeFi: Launching stETH/USD","Peering into the Network","A Decentralized Price Scheduler by Kwenta and Gelato","The One Oracle To Call On","Turn Up the Volume","New Blockchains: The Universe Expands","New Users: A Brief Tour of a Rainforest of Vibrant Protocols"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi is buzzing with new builder activity this summer, mirroring the focused effort of \"stonecutting\" – a shift from 2022’s challenges.","Updates","Jul 7, 2023","It’s summertime and halfway into 2023. The tribulations of 2022 have made way for a subtle, but definite buzz throughout DeFi as heads-down builders have started revealing the fruits of their labor.","If there’s an imagery that captures the Pythian spirit over the last six months, it would be that of stonecutting. Let’s take a snippet from one of the Pyth contributor’s summer reading list: in New York Times Bestseller Atomic Habits, James Clear shares one of his favorite motivational quotes:","“I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know that it was not the last blow that did it—but all that had gone before.\"","The Pyth Network is gearing up for its own explosive moment—a transformative shift to a new DeFi paradigm, where the first billion DeFi users are onboarded, the traditional lines between TradFi and DeFi are blurred, and a revolution in financial data unlocks once-exclusive assets for the global community. #ItWillHappen","Imagine you were inspired by a similar mission as one driving the Pyth Network’s development, and you too founded your own financial data oracle. Who would be your dream users—the biggest applications whose patronage would represent the greatest seal of approval?","For the Pyth Network, this answer includes titans like Aave, Synthetix, and Venus, among others; and for the Pyth community, dreams are becoming reality.","Pyth data powering Aave? It’s more likely than you think! Early June, the Pyth Data Association proposed to the AAVE community to deploy Pyth as a backup oracle for Aave on Optimism. A successful temperature check confirmed the prevailing viewpoint that adopting Pyth as a secondary oracle will yield benefits in resiliency, efficiency, and decentralization. While development work and final governance steps are pending, we’re honored to receive these first blessings from the AAVE and wider DeFi communities.","The Synthetix Council made the landmark decision last December to transition to off-chain price oracles with on-chain validity verification for their Perps V2, thereby adopting Pyth Network as their primary oracle and facilitating more than $15B in trading since its launch.","Their community-written performance report said it best: “Without the need to thwart front runners through cost-prohibitive pricing, fees have fallen dramatically to the point that Synthetix perps are among the most competitively priced in the DeFi space.” The Synthetix ecosystem took notice quickly, and now Lyra, Kwenta, Polynomial, Conduit, and Decentrex are also #PoweredByPyth.","The vote for VIP-123 (Resilient Price Feeds) went live on the end of May. The voters have decided: as part of the new logic to eliminate single points of failure, the Venus V4 Upgrade will include Pyth Network data among the support of multiple other on-chain prices sources. The Venus contributors are hard at work in releasing what one could describe as their ‘biggest upgrades ever’. It’s an honor to have Pyth data be a part of this symbolic upgrade.","The Pyth Network was founded to serve all of DeFi. The instantaneous scalability of the network’s pull oracle design means that any Pyth price feed becomes immediately available across all 20+ supported chains.","Lido has joined forces with the Pyth Network to launch the long-desired stETH/USD price feed, effectively boosting the liquidity and capital efficiency of the Web3 capital markets.","As many readers know, Staked Ether (stETH) is a liquid token representing an Ethereum token that is “staked”. While users can keep their original Ethereum staked to secure the network and earn rewards, they can utilize Lido’s stETH to continue engaging in DeFi activities. The importance of stETH in unlocking liquidity for staking-secured economies cannot be overstated. No wonder Lido is the single largest DeFi application by total value locked (TVL).","Before the arrival of Pyth Network’s stETH/USD feed, builders were mostly relegated to three blockchain ecosystems with the relevant oracle offerings. No longer. The Pyth stETH/USD feed was swept up by titans like Synthetix, Venus (V2), and Ribbon Finance, as well as emerging pioneers, including 0VIX and D8X Exchange on Polygon zkEVM.","Transparency is a key tenet of decentralization. The launch of Pyth Stats (V1) brings another powerful tool for the community to visualize, evaluate, and discuss the Pyth Network’s daily activity and overall growth. This is an excellent visualization tool in addition to the Dune Dashboard and the Publisher Metrics, which allow users to monitor Pyth’s oracle usage and the network’s data providers’ performance respectively.","The most observant of the Pyth community may have realized that Kwenta and Gelato are working on a decentralized price scheduler for Pyth Price Feeds. DApps will soon be able to fund a decentralized set of keepers or automation bots that programmatically pull Pyth prices on-chain at a pre-defined frequency. This tooling opens a new world of possibilities, as developer teams and individuals can start building dynamic applications that respond to real-time market conditions.","More announcements on this development and additional significant launches will follow soon.","Applications from any Pyth-supported blockchain can request or “pull” a signed price update onto their native chain to enable user transactions. Every time an application “pulls” a Pyth price update, another price update is added to the stats.","By April 2023, Pyth exceeded 1M on-chain price updates. By the end of June, the Pyth Network pull oracle model has delivered over 4.5M on-demand price updates to #PoweredByPyth protocols.","To be clear, the on-demand price update statistics currently do not include Solana transactions. Those numbers are literally off the charts. Our more astute readers can always consult our Dune Dashboard of course and see the strengths of Solana themselves.","The number of requested price updates is a critical metric for understanding user demand for Pyth data and demonstrating how important Pyth Price Feeds are for the wider DeFi community. Another way to conceptualize the magnitude of demand for Pyth data is to consider the cost dimension of “pulling” Pyth price updates: the Pyth protocol design accepts data fees to update on-chain price feeds.","Governance in the future will determine the continuation and size of the fee. As of now, the current fee structure comprises a successful proof-of-concept of protocol fee collection for compensating data providers and other governance-determined uses.","The last time we reflected on the Pyth Network’s progress in Q1, the network had facilitated $37B in total trading volume. Just three months later, Pyth now boasts well over $50B in cumulative traded volume supported! June brought in a hot summer, overseeing $5.9B in monthly supported volume.","The story behind Pyth’s volume numbers is just the honest day’s work meme instantiated. As Pyth Network covers more blockchains and supports more protocols, volume growth is expected to continue along a super-linear trend. More volume indicates greater demand for financial and trading services and, thus, demand for Pyth data. Current and prospective data providers are well aware of this trend, and more are stepping up to the plate to supply data across everyone’s favorite assets.","Our humble origins in Solana are dwarfed by our expanse across 23 exciting L1 and L2 blockchains. In the month of June alone, Pyth oracles launched on Fantom, Osmosis, Gnosis, and Mantle—an excellent showcase of the sheer scalability of the Pyth pull oracle model. Pyth has also launched on Sui and Sei (testnet), in order to meet DeFi teams wherever they might choose to build, as entrepreneurs now enjoy an abundance of promising chains to found or expand their projects on.","One might sense a positive feedback loop emerging, as the permissionnless and accessible nature of Pyth Price Feeds, thanks to the scalability of Pythnet and Wormhole, have caught the attention of established and upstart blockchains. The launch of Pyth oracles fuels the DeFi leaders of those chains, and more of the DeFi ecosystem takes notice.","Let’s drill down more into the numbers. We finished the previous quarter with almost 120 confirmed users of Pyth data. Dozens more have joined the #PoweredByPyth family, and the network served 170 on-chain and off-chain protocols by the end of June.","The number of app integrations is always a conservative count, as Pyth Price Feeds are permissionless. Any protocol can begin requesting and using Pyth price updates: no paperwork, no whitelisting of addresses needed—just pure DeFi. We recommend that teams using Pyth data to reach out, so that the Pyth contributors can help explore further synergies and ways to excite the world on what you’re building.","Let’s close off this blog with one last sprint. Who’s #PoweredByPyth and on what blockchain?","In the Optimism universe, more of the Synthetix ecosystem has embraced the virtues of Pyth prices. We’re delighted to welcome Lyra, the options AMM, and Conduit Finance, the decentralized derivatives trading platform, to the network. There’s electricity in the air, as Pika Protocol (V4), the leverage trading platform, and Avantis Finance, a derivatives platform, make their moves too.","Arbitrum is making itself known as one of the prime trading chains. You'll recognize popular names like CAP Finance among the #PoweredByPyth Arbitrum players. Last month, we also celebrated the official launches of Vela Exchange and HMX, the newest exchanges on everyone's timelines. The network also welcomed new wave of innovative solutions: Beluga an oracle-based AMM, made a splash alongside exotic options DEX Buffer Finance, and Vyper, the DeFi derivatives layer originating from Solana. RWA’s are still top-of-mind for visionary builders and financial participants looking to diversify: many will know of Duet Protocol and Poison Finance, the synthetic assets platforms.","Speaking of buzzy trends, new solutions are emerging in the zkSync Era landscape. Say hello to zkDX and SynFutures, the newest decentralized exchanges for derivatives and perps. Pyth is also the oracle of choice for the top four borrow/lending platforms on zkSync Era: ReactorFusion, xBank, Basilisk, and Era Lend. As for Polygon zkEVM, we proudly support 0VIX Protocol, their number one lending protocol, and D8X, an upcoming perpetual futures DEX.","As the network supports an increasing cast of multi-chain players, we would like to shine a spotlight on some inspiring stories: Deri Protocol, a perpetual products platform is expanding their Protocol as a Service (PaaS) to BNB Chain, Arbitrum, and zkSync. DeriTrade, the 100% community-driven trading platform, is making similar moves, along with Narwhal, the decentralized perpetuals platform. Shoutout to our fellow serpents at Vyper offering OTC derivatives on Solana and Arbitrum.","In BNB Chain, Pyth has made a name for itself as the number one oracle for perpetuals, facilitating the massive volumes brought in by names like Level Finance, Alpaca Finance, and Uniwhale. Outside of the perps realm, we have pioneers like Sable Finance introducing a new “sablecoin”, a reformative primitive for ETH LSD-backed sables, KiloEx, a next generation perpetuals platform, leading the charge in furthering DeFi’s capabilities.","In the Aptos world, the Pyth community was elated to welcome the launch of Thala Labs, the leading borrow/lending platform in Aptos, Tsunami Finance, the margin trading and spot exchange, and Merkle Trade, the leveraged trading platform.","Speaking of launches, the Sui squad came in full force: we have lending teams, like Aries Markets, Navi Protocol, and Interest Protocol. Perpetual platforms include Kriya and Turbos. Money markets and DeFi suites feature Aftermath, Fewcha, and Typus. Bucket Protocol is bringing a stablecoin and loan solution.","Pyth also went live on Osmosis, and currently powers Levana, the fully-collateralized perps platform, and Mars, the galaxy’s most powerful credit protocol. Where will Pyth expand to next among the cosmos?","Pyth has also set sail on Sei testnet. Introducing: Kryptonite, the borrow-lending protocol, Levana, the fully-collateralized perp trading platform, and SeaSwap, the DeFi layered platform. We look forward to seeing everyone on mainnet!","As for our Rustaceans on Solana, we see a community combining the power of Pyth with IoT at Helium, a global network of hotspots, and even AI, with marginfi’s Omni, designed to answer your questions live about Web3.","It’s a whole new world with whole new blockchains. On Conflux, we’re supporting Mold, a derivatives platform for RWA’s. Things are getting deep with Deepr Finance, an upcoming money markets protocol on ShimmerEVM testnet. Tsunami Exchange, the aptly named perps DEX, has emerged on Waves Blockchain.","If there’s any takeaway from the last quarter, it’s that activity has not ceased. Innovation does not stop—and the Pyth Network is here for it.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/where-pyth-is-now-q2-2023"},"/blog/lido-and-pyth-network-join-forces-to-bring-steth-usd-to-20-blockchains":{"version":1,"title":"Lido and Pyth Join Forces to Bring stETH/USD to 20+ Chains - Blog - Pyth Network","description":"Pyth Network & Lido team up to launch a secure, real-time stETH price feed accessible across 20+ blockchains. A major DeFi milestone.","keywords":"","h1":["Lido and Pyth Join Forces to Bring stETH/USD to 20+ Chains"],"h2":["Lido and Staked Ether (stETH)","stETH/USD—Permissionless and Available Everywhere","Getting Started"],"h3":["Lido","Pyth Network"],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network & Lido team up to launch a secure, real-time stETH price feed accessible across 20+ blockchains. A major DeFi milestone.","Updates","Jun 29, 2023","We are thrilled to announce a groundbreaking collaboration between Pyth Network, the fastest growing financial oracle, and Lido, the number one liquid staking solution provider for Ethereum and the go-to liquid staking solution of Solana and Polygon, as we combine our expertise to launch the Pyth stETH/USD price feed.","This collaboration marks a significant milestone for the DeFi industry. Developers across more than 20 blockchains can now permissionlessly access a real-time, secure price feed for the staked Ether (stETH), liquid tokens representing a “staked” or deposited Ethereum token.","DeFi leaders and exciting upstarts, including Synthetix, Venus, 0VIX, D8X, and many more are already tapping into the Pyth stETH/USD feed to power their mission-critical operations.","“The introduction of a reliable, real-time feed for stETH represents a critical milestone for the decentralized finance industry, as developers will be able to extend and build upon exposure to Lido’s staked Ether assets,” said Jacob Blish, BD Contributor at Lido DAO.","Lido is the leading multichain liquid staking protocol, providing stakers with a simple way to earn staking rewards on a range of assets. Staking via Lido ensures that your assets remain liquid and can be used across a range of DeFi applications to earn extra rewards.","Staking Ether, however, traditionally involves locking up the assets for an extended period, restricting their liquidity and usability. This is where stETH comes into play. Lido allow users to stake their Ether and receive stETH tokens in return. These tokens represent the user's staked Ether. By tokenizing staked Ether, users can enjoy the benefits of staking rewards while maintaining the ability to trade, lend, borrow, or utilize their assets in other ways within the greater DeFi ecosystem.","stETH plays a critical role in unlocking liquidity and capital efficiency for the DeFi realm. Oracle infrastructure powers the vast majority of DeFi services, and a dependable oracle feed for stETH will enable your favorite dApps to reference, track, and make transactions on the real-time price of stETH. For this reason, we’re excited to announce the launch of the new, dedicated Pyth price feed for stETH and expand the range of DeFi applications and strategies that can be built around this prominent synthetic asset.","Pyth Network delivers a real-time stETH/USD price feed sourced from multiple first-party, institutional data sources.","Developers can permissionlessly access the price feed from a diverse array of chains, including Ethereum, Arbitrum, Optimism, Aptos, Sui, Solana, and more.","By providing developers with this critical data point, we’re excited to open the doors to new, transformative DeFi use cases. The stETH/USD price feed will serve as the foundation for the next wave of decentralized financial innovation, from optimizing DEX liquidity to increasing capital efficiency for lending platforms.","In addition to stimulating innovation within the DeFi space, the launch of our stETH/USD feed will also attracts traditional investors seeking exposure to Ethereum's staked ETH. The knock-on effects of increased accessibility and liquidity of stETH-backed products will further bolster the appeal and adoption of decentralized finance: this kind of positive momentum and feedback cycle between capital and innovation is just what our industry needs.","Follow in the footsteps of our #PoweredByPyth partners as they build out new stETH markets and use cases:","Synthetix — stETH perpetuals market on Optimism","Venus (V2) — stETH money market on BNB Chain","Ribbon Finance — stETH decentralized options vaults Ethereum","0vix Protocol — stETH money market on Polygon POS and Polygon zkEVM","D8X — stETH collateral and perpetuals market on Polygon zkEVM","Pyth uses an on-demand price update (”pull”) model that is slightly different from other oracles you may be more familiar with.","Most oracles today use a push model, where the oracle runs an off-chain process that continuously sends transactions to update an on-chain price. In contrast, Pyth introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point.","You can get started with the Pyth documentation and follow along our integration guide series.","Lido is the leading multichain liquid staking protocol, providing stakers with a simple way to earn a yield on a range of assets. Staking via Lido ensures that your assets remain liquid and can be used across a range of DeFi applications to earn extra yield.","Lido launched on Ethereum in 2019 with a mission to keep the Beacon Chain decentralized whilst democratizing access for stakers with less than 32 ETH. It has since launched on several other PoS blockchains, including Solana, Polkadot, Kusama, and Polygon, with others in development.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 20 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Applications “pull” Pyth prices onto their native blockchain when needed thanks to Pyth’s on-demand (or “pull-based”) oracle design.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in total trading volume and received over 1M client downloads from passionate developers looking to use Pyth data. The network supports 250+ real-time price feeds across crypto, equities, ETF’s, FX pairs, and commodities.","You can learn more about Pyth from their website and documentation.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/lido-and-pyth-network-join-forces-to-bring-steth-usd-to-20-blockchains"},"/blog/new-pyth-data-provider-pulsar":{"version":1,"title":"New Pyth Data Provider: Pulsar - Blog - Pyth Network","description":"Pyth Network welcomes Pulsar, a crypto trading firm, to enhance its real-time asset price data offerings. \n","keywords":"","h1":["New Pyth Data Provider: Pulsar"],"h2":["Who is Pulsar?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Pulsar, a crypto trading firm, to enhance its real-time asset price data offerings.","Data Providers","Jul 5, 2023","We are pleased to welcome Pulsar, a leading proprietary and algorithmic trading firm specializing in cryptocurrency trading and market making, to the Pyth Network. Pulsar will contribute data for cryptocurrencies to support Pyth’s mission of delivering reliable, real-time access to asset prices.","Pulsar is a leading proprietary and algorithmic trading firm specializing in cryptocurrency trading and market making.","Founded in 2014 as an early adopter, Pulsar has established an extensive connection with 60+ CeFi and DeFi crypto exchanges globally, and supports 600+ trading pairs across spot, futures and options.","To accelerate the growth of the digital asset and blockchain industry, Pulsar also provides venture capital and market insights to early stage infrastructure companies or projects.","“Data transparency is crucial to an efficient market. We are excited to partner with Pyth to empower the community with real-time cryptocurrency price data and unleash the potential of the digital asset industry,” said Jacky Chung, CEO of Pulsar.","\"As a key player in the blockchain data space, Pulsar's integration with the Pyth network strengthens our collective mission of democratizing access to high-quality data,” said Abhimanyu Bansal, Contributor for the Pyth Data Association. “By combining our expertise and resources, we are poised to unlock unprecedented opportunities for blockchain developers, enterprises, and users alike.\"","We look forward to further joining forces with more amazing data partners to build the digital data marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Read more about our partnership on the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Pulsar","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-pulsar"},"/blog/new-pyth-data-provider-kronos-research":{"version":1,"title":"New Pyth Data Provider: Kronos Research - Blog - Pyth Network","description":"Pyth Network welcomes Kronos Research, a leading crypto market maker, to bolster reliable blockchain data with their proprietary asset insights.","keywords":"","h1":["New Pyth Data Provider: Kronos Research"],"h2":[],"h3":["What is Kronos Research?"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Kronos Research, a leading crypto market maker, to bolster reliable blockchain data with their proprietary asset insights.","Data Providers","Jul 13, 2023","We are pleased to welcome Kronos Research, a renowned market maker and trading firm, to the Pyth Network. Kronos Research will contribute its proprietary data for crypto assets in order to support Pyth’s mission of delivering reliable market data for the blockchain industry.","Founded in 2018, Kronos Research is a leading cryptocurrency market maker and quantitative trading firm that specializes in high-frequency, arbitrage, and Commodity Trading Advisor (CTA) strategies.","Kronos Research leverages data research and intelligent algorithms to provide liquidity on nearly every top decentralized and centralized trading venue, resulting in a daily trading volume that surpasses billions of US dollars.","Kronos Research invests in innovative early-stage projects through Kronos Ventures.","“Decentralized oracles play a crucial role in on-chain trading, and as a major participant in DeFi, Kronos Research is committed to contributing to the effort of delivering a robust and dependable oracle network,” said Vincent Liu, Chief Operating Officer at Kronos Research. “We are pleased to announce our collaboration with Pyth, solidifying our collective determination to further this endeavor, and helping all DeFi users execute complex financial operations in a trustless and decentralized manner.”","“We are proud to announce our partnership with Kronos Research, a renowned name in the blockchain industry,” commented Abhimanyu Bansal, Contributor for the Pyth Data Association. “By leveraging our synergies, we are poised to redefine the data landscape for blockchains, fostering transparency, efficiency, and trust for users worldwide. Together, we will enable a new era of data-driven innovation.”","We look forward to further joining forces with more amazing data partners to build the digital data marketplace we all need—a marketplace for institutional-grade, high-fidelity financial data, made accessible for any application on any blockchain.","Do you own proprietary and valuable data? You can apply to become a Pyth publisher here. Discover all other Pyth network data publishers on our website.","Kronos Research: https://kronosresearch.com/","Pyth Network: https://pyth.network/","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-kronos-research"},"/blog/aptos-and-pyth-break-barriers-with-sub-second-oracle-updates-on-aptos":{"version":1,"title":"Aptos and Pyth Break Barriers with Sub-Second Oracle Updates on Aptos - Blog - Pyth Network","description":"Aptos Foundation partners with Pyth Data to deliver instant, low-latency price updates for developers, boosting application availability.","keywords":"","h1":["Aptos and Pyth Break Barriers with Sub-Second Oracle Updates on Aptos"],"h2":["Building with Pyth on Aptos","Get Started"],"h3":["Aptos","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Aptos Foundation partners with Pyth Data to deliver instant, low-latency price updates for developers, boosting application availability.","Blockchains","Jul 13, 2023","The Aptos Foundation has entered a strategic partnership with the Pyth Data Association where Pyth will deliver sub-second price updates to Aptos developers and enhance the availability of low-latency price feeds to its builders.","Aptos Foundation and the Pyth Network’s collaboration paves the way for the introduction of an automated price scheduler. The scheduler will give developers comprehensive access to low-latency price oracle infrastructure, regularly updating a strategic set of price feeds on Aptos for the benefit of DeFi applications requiring access to sub-second price updates.","Aptos developers will be able to use Pyth prices natively on Aptos, which will update regularly according to the price scheduler’s parameters. Developers can also pull price updates directly from Pythnet and access Pyth’s full catalog of over 250 price feeds.","To date, Aptos DeFi leaders, including Thala Labs, Tsunami Finance, Aries Markets, ABEL Finance, and Aptin Finance, trust and rely on Pyth data for their mission-critical operations.","Our partnership with Aptos Foundation highlights Pyth’s continued commitment towards supporting developers seeking to build fairer and more transparent markets, no matter what or where they’re building.","“This partnership is a major step towards empowering Aptos developers and streamlining the adoption and accessibility of real-time, institutional-quality oracle data across the Aptos landscape,” said Bashar Lazaar, Ecosystem Lead at Aptos Foundation.","Decentralized finance (DeFi) protocols require access to real-world data to provide valuable services: the latency, quality, and availability of data can make or break your application. For these reasons, we’re excited to support the Aptos DeFi ecosystem with real-time asset prices aggregated from first-party sources including household names like Jane Street, CBOE, Binance, OKX, and Bybit.","Pyth introduces an innovative pull oracle model which empowers users to “pull” prices on-chain when needed, allowing everyone in that blockchain environment to utilize that price. Applications in Aptos can listen to Pyth price feeds updating once per second on the Pythnet appchain, while only paying for the prices they request or “pull” on-chain. The resulting gas efficiencies enable Pyth to serve Aptos users high-frequency price updates and low-latency access to the most recent price.","We look forward to seeing what the Aptos DeFi community builds with our low-latency oracles!","Aptos developers can conveniently survey the Pyth Price Feeds thanks to the new price scheduler. We highly recommend that builders design their applications to continue operating even when the scheduler concludes service: by integrating with Pyth’s low-latency pull oracle design, applications can access the network’s full suite of 250+ price feeds across five major asset classes and enjoy the latency benefits of the Pythnet application chain.","Access to Pyth’s pull oracles is permissionless. Learn how to integrate with Pyth’s pull oracle design with our tutorial series below:","For more details on how to safely integrate the Pyth Price Feeds in your application, please visit our documentation or integration guides on Youtube. For more details on the automated price puller, please visit this resource.","\"Cultivating strong partnerships is essential to achieving our goal of providing reliable, real-time financial data to the decentralized finance ecosystem,\" said Mike Cahill, a director of the Pyth Data Association. \"This strategic partnership with the Aptos Foundation will allow us to focus on improving and expanding our network, while making it even easier for developers and users alike to use Pyth feeds.”","Aptos is a new Layer 1 blockchain based on the Move programming language developed at Meta, and that aims to be faster, more secure, and more scalable than other blockchains today.","Aptos uses DiemBFT v4 as its consensus mechanism, a variation of the Byzantine Fault Tolerance (BFT). It means that individual faults (e.g. a malicious validator or accidentally offline validators) do not compromise the whole system as long as more than 2/3 of the validators are operating smoothly. Aptos incorporates a leader reputation system to update validators, on top of a few other features different from regular BFT.","To find more information, please visit the Aptos Labs website.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 20 blockchains in a secure, transparent manner. Pyth supports 250+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Thanks to Pyth's innovative pull oracle design, applications can effortlessly “pull” the latest Pyth price onto their native blockchain on demand.","In less than a year, the network has secured over $2.0B in total value. Pyth has facilitated over $50B in trading volume and serves over 170 on- and off-chain applications. You can learn more about Pyth from their website and documentation.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Aptos","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/aptos-and-pyth-break-barriers-with-sub-second-oracle-updates-on-aptos"},"/blog/pyth-launches-price-oracles-on-neutron":{"version":1,"title":"Pyth Launches Price Oracles on Neutron - Blog - Pyth Network","description":"Pyth Network oracles now on Neutron! Mars Protocol leads, boosting DeFi data access for global market participants. Building with Pyth Price Feeds.","keywords":"","h1":["Pyth Launches Price Oracles on Neutron"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network oracles now on Neutron! Mars Protocol leads, boosting DeFi data access for global market participants. Building with Pyth Price Feeds.","Blockchains","Jul 12, 2023","We’re excited to reveal that the Pyth Network’s low-latency pull oracles are now available on Neutron for developers looking to build with Pyth Price Feeds and aim for the stars!","Mars Protocol will lead the charge as the newest #PoweredByPyth member from the Neutron ecosystem—since the governance proposal passed. The deployment of Pyth oracles is one small step for passionate builders, and one giant step for liberating financial market data for market participants globally and beyond.","\"As Cosmos experiences a DeFi Cambrian explosion, ensuring protocols have access to reliable price feeds will become ever more critical,\" said Avril Dutheil, Core Contributor at Neutron. \"Pyth brings state of the art price feeds to Neutron, greasing the DeFi wheels and keeping protocols safe.\"","Pyth on Neutron","The Pyth Network introduces an innovative low-latency pull oracle design, where Neutron’s users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Neutron can permissionlessly access any of the Pyth’s 250+ price feeds for equities, commodities, ETF’s, forex pairs, and of course, cryptocurrencies.","Mars Protocol is an autonomous credit protocol already #PoweredByPyth on Osmosis for its money market and is seeking to expand to the Neutron ecosystem and become once again a bonafide Pyth data user.","Neutron","Neutron is the most secure cross-chain smart-contracting platform. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains. For more information about Neutron, please visit their website.","Pyth","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 20 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETF’s, forex pairs, and commodities. You can learn more about Pyth from their website and documentation.","What’s Next?","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Neutron community, you will soon see many more tokens supported on the network as well as Neutron applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Cosmwasm","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-neutron"},"/blog/pythians-in-paris-newsletter-43":{"version":1,"title":"Pythians in Paris | Newsletter #43 - Blog - Pyth Network","description":"Meet the Pythians in Paris at EthCC! Exploring the Mantle ecosystem & DeFi’s rising popularity – a promising crypto week.","keywords":"","h1":["Pythians in Paris | Newsletter #43"],"h2":["Meet the Pythians in Paris"],"h3":["A Packed Second Quarter","Bringing Lido Staked Ether to the World!","Aptos and Pyth Break Barriers","Gnosis and Neutron, Two New Blockchains #PoweredByPyth","#PoweredByPyth Applications","Providing Data to Pyth Has Never Been so Hyped!"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Meet the Pythians in Paris at EthCC! Exploring the Mantle ecosystem & DeFi’s rising popularity – a promising crypto week.","Newsletter","Jul 17, 2023","Are you ready for EthCC? There’s already plenty of buzz around the one of the most important crypto week of the year, and we’re enthused to speak to so many builders and learn about their newest developments. Almost everyone we’ve spoken to shares the same outlook: DeFi will soon have its day and the next 100 million users is not far off.","Earlier last Sunday, the Pyth contributors joined Mantle for their opening event to learn more about the Mantle wonderful ecosystem and celebrate their upcomign mainnet launch.","Later this week, you’ll find the Pythians at their very own soiree with Flowdesk, one of our data providers. Join us as we make a toast to the City of Light. #ItWillHappen.","You can also meet the Pyth crew at the Encode Hacker House, with enlightening talks and demos on Thursday and Friday.","It’s summertime and halfway into 2023. The tribulations of 2022 seemed to have cleared and made way for a subtle, definite buzz throughout DeFi. Heads-down builders have started revealing the fruits of their labor: take a bite out of our newest quarterly update here.","We recap the Pyth Network’s developments throughout the last six months and share some updates on cross-chain growth and governance.","Lido is the leading multichain liquid staking protocol, providing stakers with a simple way to earn staking rewards on a range of assets. Staking via Lido ensures that your assets remain liquid and can be used across a range of DeFi applications to earn extra rewards.","stETH plays a critical role in unlocking liquidity and capital efficiency for the DeFi realm. Oracle infrastructure powers the vast majority of DeFi services, and a dependable oracle feed for stETH will enable your favorite dApps to reference, track, and make transactions on the real-time price of stETH. For this reason, we’re excited to announce the launch of the new, dedicated Pyth price feed for stETH and expand the range of DeFi applications and strategies that can be built around this prominent synthetic asset.","By providing developers with this critical data point, we’re excited to open the doors to new, transformative DeFi use cases. The stETH/USD price feed will serve as the foundation for the next wave of decentralized financial innovation, from optimizing DEX liquidity to increasing capital efficiency for lending platforms.","And as a matter of fact, one of DeFi leading synthetic platform: Synthetix, has since launched the first-ever stETH perpetual market! For more details on this achievement, be sure to check out the dedicated blog here.","DeFi protocols require access to real-world data to provide valuable services: the latency, quality, and availability of data can make or break your application. For these reasons, we’re excited to support the Aptos DeFi ecosystem with real-time asset prices aggregated from first-party sources including household names like Jane Street, CBOE, Binance, OKX, and Bybit.","To date, Aptos DeFi leaders, including Thala Labs, Tsunami Finance, Aries Markets, ABEL Finance, and Aptin Finance, trust and rely on Pyth data for their mission-critical operations. And it is about to get better for everyone!","Announced early July, the Aptos Foundation has entered a strategic partnership with the Pyth Data Association where Pyth will deliver sub-second price updates to Aptos developers and enhance the availability of low-latency price feeds to its builders.","Aptos Foundation and the Pyth Network’s collaboration paves the way for the introduction of an automated price scheduler. The scheduler will give developers comprehensive access to low-latency price oracle infrastructure, regularly updating a strategic set of price feeds on Aptos for the benefit of DeFi applications requiring access to sub-second price updates.","Empowering developers no matter where they choose to build is the key mission of the Pyth Network. Over the past week, the Pyth has launched on three new and promising blockchains: Gnosis Chain, Neutron, and Linea. That’s another victory for Pyth’s scalable pull oracle model.","Neutron is the most secure cross-chain smart-contracting platform. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains.","Mars Protocol will lead the charge as the newest #PoweredByPyth member from the Neutron ecosystem, now that their governance proposal passed. The deployment of Pyth oracles is one small step for passionate builders, and one giant step for liberating financial market data for market participants globally.","Gnosis Chain is one of the first Ethereum sidechains and has stayed true to its values. By allowing contributors around the globe to easily run a node, Gnosis Chain is secured by over 120K validators. Its diverse validator set and the community governance ensure Gnosis Chain remains credibly neutral at a much lower price point than mainnet. Pyth Network looks forward to supporting the Gnosis DeFi community.","Everyday, new applications are becoming #PoweredByPyth. Let’s check out our new users and see what our veterans have been up to over the last two weeks.","Aether, a peer-to-peer algorithmic money market built on the Sei Network, is #PoweredByPyth to secure its money markets.","Galleon, a fully on-chain AMM based perpetual protocol and decentralized derivatives exchange on zkSync Era, is now #PoweredByPyth.","Gelato and Kwenta, now #PoweredByPyth, will deliver quicker execution of tasks and quicker price feeds.","Clone Protocol, a decentralized synthetic asset protocol on Solana, is #PoweredByPyth.","Bucket Protocol, a collateralized-debt position protocol on Sui will mint $BUCK based on the Pyth’s SUI/USD price feed.","Vela Exchange, a leading decentralized perpetual trading platform on Arbitrum, is #PoweredByPyth.","D8X, an institutional-grade perpetual futures DEX #PoweredByPyth, has released its new UI on testnet.","For more KPIs about the Pyth Network, please visit our documentation.","Our growing cohort of first-party data publishers has reached the eye-watering milestone of 85 data providers.","We’re pleased to welcome the newest members of the Pyth community: Selini Capital, Kronos Research and Pulsar Trading.","Selini Capital comprises a team of highly skilled researchers, traders, and engineers with extensive experience in big tech and finance. Their expertise and creativity allow them to navigate the dynamic crypto world successfully, both on and off-chain.","\"We have been following the impressive trajectory of the Pyth Network and are thrilled to be joining the ecosystem as a data provider,” said Mark Clerkin, Head of Business Development and Partnerships at Selini Capital. “In addition to our focus on trading, we value the importance of enhanced digital asset infrastructure, and that is exactly what Pyth is doing. They have built a community of the top trading firms and crypto players globally.”","Pulsar is a leading proprietary and algorithmic trading firm specializing in cryptocurrency trading and market making. Founded in 2014 as an early adopter, Pulsar has established an extensive connection with 60+ CeFi and DeFi crypto exchanges globally, and supports 600+ trading pairs across spot, futures and options.","“Data transparency is crucial to an efficient market. We are excited to partner with Pyth to empower the community with real-time cryptocurrency price data and unleash the potential of the digital asset industry,” said Jacky Chung, CEO of Pulsar.","Founded in 2018, Kronos Research is a leading cryptocurrency market maker and quantitative trading firm that specializes in high-frequency, arbitrage, and Commodity Trading Advisor (CTA) strategies. Kronos Research leverages data research and intelligent algorithms to provide liquidity on nearly every top decentralized and centralized trading venue, resulting in a daily trading volume that surpasses billions of US dollars.","“Decentralized oracles play a crucial role in on-chain trading, and as a major participant in DeFi, Kronos Research is committed to contributing to the effort of delivering a robust and dependable oracle network,” said Vincent Liu, Chief Operating Officer at Kronos Research. “We are pleased to announce our collaboration with Pyth, solidifying our collective determination to further this endeavor, and helping all DeFi users execute complex financial operations in a trustless and decentralized manner.”","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythians-in-paris-newsletter-43"},"/blog/pyth-price-oracle-on-mantle":{"version":1,"title":"Pyth Launches Price Oracles on Mantle - Blog - Pyth Network","description":"Pyth Network oracles now on Mantle, a high-performance Ethereum layer-2. Access 250+ price feeds for DeFi development. \n","keywords":"","h1":["Pyth Launches Price Oracles on Mantle"],"h2":[],"h3":["Mantle","Pyth","What’s Next?"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network oracles now on Mantle, a high-performance Ethereum layer-2. Access 250+ price feeds for DeFi development.","Blockchains","Jul 17, 2023","We’re excited to reveal that the Pyth Network’s low-latency pull oracles are now available on Mantle, a high-performance Ethereum layer-2 network built with modular architecture delivering high security at low fees.","Developers on Mantle can now build with Pyth’s 250+ price feeds for equities, commodities, foreign exchange pairs, ETF’s, and cryptocurrencies.","The network is looking forward to supporting leaders in the Mantle DeFi community including FusionX, and Pinnako Exchange, two decentralized perpetual trading platforms.","Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering high security at low fees. Builders can leverage Mantle’s unique design to build dApps with exceptional UX, all while relying on Ethereum’s unrivaled security.","Why Mantle?","Hyperscale Performance: Mantle combines roll-up technology with a decentralized data availability layer, driving supercharged performance with low fees and faster finality.","Unparalleled Security: Ethereum’s roll-up technology ensures that high throughput comes with unrivaled security in a familiar EVM environment for both developers and users. Additionally, as the first L2 network partner for restaking protocol EigenLayer, Mantle directly inherits security from Ethereum while offering high performance at low fees.","Community Owned & Accelerated: Mantle is the world’s first DAO-led L2 network backed by BitDAO and governed by the sizeable and growing $BIT community.","For more information on Mantle, please visit their website or documentation., or follow Mantle Twitter, Mantle Devs Twitter, Discord, Telegram, Youtube or Medium.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 20 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETF’s, forex pairs, and commodities. You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined Mantle mainnet, you will soon see many more Mantle-based applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-oracle-on-mantle"},"/blog/pyth-launches-price-oracles-on-linea":{"version":1,"title":"Pyth Launches Price Oracles on Linea - Blog - Pyth Network","description":"Linea mainnet alpha launches with low-latency oracles & 250+ price feeds for on-chain finance. Developers can permissionlessly build the future.","keywords":"","h1":["Pyth Launches Price Oracles on Linea"],"h2":["What’s Next?"],"h3":["Linea","Pyth","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Linea mainnet alpha launches with low-latency oracles & 250+ price feeds for on-chain finance. Developers can permissionlessly build the future.","Blockchains","Jul 18, 2023","We’re proud to announce that the Pyth’s low-latency pull oracles are now available on Linea mainnet alpha. Linea developers can permissionlessly access over 250 price feeds to build the future of on-chain finance and join the largest first-party oracle network.","Linea’s mainnet alpha introduces groundbreaking user experience, an ecosystem of 100+ of protocols, partners, dApps and user-friendly integrations. Leading Web3 services like MetaMask will make it possible for Linea users to enjoy an exciting variety of curated Web3 features.","We look forward to supporting DeFi leaders across the Linea developer community. The launch of Pyth oracles on Linea is a significant milestone towards growing the broader zkEVM ecosystem and liberating financial market data for builders globally.","\"We are thrilled to have Pyth’s low-latency pull oracles now available on Linea mainnet alpha. This partnership marks a significant milestone in the growth of the broader zkEVM ecosystem, as it enables Linea developers to access over 250 price feeds and build the future of on-chain finance. Together, we are liberating once-inaccessible financial data for builders globally and supporting the vibrant DeFi community within the Linea ecosystem,“ said Nicolas Liochon, Global Product Lead for Linea.","Linea Mainnet is a zkEVM rollup network launched by Consensys. It offers groundbreaking user experience and scalability for Ethereum. Some of its key features include an ecosystem of over 100 protocols, partners, dApps, and user-friendly integrations with leading Web3 products like MetaMask. It provides curated Web3 features, fast finality, low gas fees, high throughput, and low latency for DeFi applications, NFTs, gaming, and social apps. The mainnet also introduces upgrades such as a new outer-proof system, batch conflation, and a dynamic fee mechanism to manage changes in L1 gas fees.","The testnet phase of Linea was highly successful, with 5.4 million unique wallets supporting over 43 million transactions in just three months and making Linea one of the largest active projects on Goerli. This achievement demonstrates the substantial growth and adoption of Linea in the blockchain community.","For more information about Linea, please visit the Linea website.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 20 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Linea community, you will soon see many more tokens supported on the network as well as Linea applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-linea"},"/blog/pyth-delivers-high-fidelity-oracles-to-arbitrum-ecosystem":{"version":1,"title":"Pyth Delivers High-Fidelity Oracles to Arbitrum Ecosystem - Blog - Pyth Network","description":"Pyth Network provides real-time, decentralized price data to 170+ apps across 23 blockchains, powering growth in the crypto ecosystem.","keywords":"","h1":["Pyth Delivers High-Fidelity Oracles to Arbitrum Ecosystem"],"h2":["What’s Next?"],"h3":["What is Pyth?","Who’s #PoweredByPyth on Arbitrum?","Arbitrum and Beyond","Get Started with Pyth on Arbitrum?","Arbitrum Foundation","Arbitrum One","Pyth Network","Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network provides real-time, decentralized price data to 170+ apps across 23 blockchains, powering growth in the crypto ecosystem.","Blockchains","Jul 24, 2023","Since its inception in April 2021, the Pyth Network has been making waves across the crypto ecosystem with a simple yet profound goal: to open the walled garden of financial data for the world to build on. Today, Pyth delivers over 250 permissionless, decentralized, and real-time price feeds to more than 170 on-chain and off-chain applications across 23 blockchains.","Arbitrum, the leading Ethereum Layer 2 scaling solution developed by Offchain Labs, has benefited from one of the most successful deployments of the Pyth oracle solution. Pyth’s low-latency pull oracles have been available since Arbitrum’s mainnet launch on January 31.","In this blog, we will explore the benefits of Pyth Price Feeds and delve deep into the universe of Arbitrum dApps powered by Pyth data.","The Pyth Network is the largest first-party financial oracle network delivering over 250 real-time price feeds across cryptocurrencies, FX rates, ETF’s, equities, and commodities to more than 20 L1 and L2 chains.","Pyth's market data is sourced from 80+ primary data providers, including some of the world's most prominent exchanges and market-making enterprises such as Cboe, Jane Street, Optiver, Binance, Bybit, OKX, Wintermute, QCP Capital, and others.","Pyth Price Feeds are meticulously engineered for speed, precision, and dependability. They update multiple times per second, and you can view them updating live on the Pyth website. Each update is an aggregate of prices reported by the network’s reputable data providers. Robust and transparent aggregation procedures on-chain ensure that colluding or mistaken providers cannot materially influence the aggregate price.","The end result? Low-latency oracle prices which track the markets with 5-10x more accuracy than competing solutions. Integration with Pyth Price Feeds is seamless and permissionless.","The Pyth Network has long proven itself as the go-to DeFi oracle solution for established leaders and exciting upstarts across the Arbitrum ecosystem.","Pyth is the primary oracle for perpetuals platforms such as CAP Finance, Buffer Finance, Duet Protocol, Deri Protocol, Vela Exchange, and Tigris Trade, as well as synthetics and derivatives solutions like Poison Finance and Vyper.","These applications have benefitted enormously from Pyth’s comprehensive asset coverage and precise market tracking. Since integrating with Pyth, for example, CAP Finance has added support for almost 30 new markets and surpassed $2.5B in Trading Volume in less than six months.","Pyth Network introduces an innovative pull oracle model which enables anyone to permissionlessly request or “pull” a price update when needed or on demand. In contrast, legacy oracles often use a “push” model which constantly “push” or stream price updates—even if many pushed prices are unused, resulting in wasted gas. The gas efficiencies of Pyth’s pull oracle model allows the network to deliver high-frequency, low-latency price updates that perpetuals and derivatives platforms need. Pyth’s unique architecture can also scale to thousands of price feeds to serve the Arbitrum community and the wider DeFi ecosystem.","Pyth Price Feeds offer one more special advantage for developers. When the network launches a new data feed, that feed is immediately available across all 20+ Pyth-supported chains.","When Pyth launched its ARB/USD price feed on Arbitrum’s listing day, builders across Arbitrum, Optimism, Ethereum, Aptos, Solana and more started integrating right away to deliver ARB/USD markets.","The instantaneous expandability of Pyth Price Feeds across the greater DeFi universe unlocks transformative opportunities for cross-chain expansion and multi-chain growth: builders can launch their services on new chains with the markets their users are familiar with; ambitious projects can rapidly extend exposure to strategic assets to new communities.","Outside of Arbitrum, there are more than 170 applications utilizing Pyth data. To date, Synthetix on Optimism is one of the most active user bases of Pyth’s low-latency price feeds. After a successful governance proposals, Synthetix Perps V2 adopted Pyth Price Feeds as its new primary off-chain oracle source. Thanks to Pyth’s expansive price feed catalog, Synthetix has added 40 new perps markets, processed close to $15B in trading volume, and generated more than $10M in fees for SNX stakers over six months.","Pyth’s contributors are also elated to see Pyth oracles supporting Aave on Optimism as well. The Aave governance community has approved the addition of Pyth as a secondary oracle, given the clear benefits in resiliency and decentralization. This decision showcases the Pyth Network's capabilities as a dependable and powerful oracle solution for mission-critical protocols.","Other notable users of Pyth's low-latency price feeds include Ribbon Finance, the number one decentralized option vaults (DOV) platform on Ethereum; Venus Protocol, the largest money market protocol on BNB Chain; Alpaca Finance, the lending protocol which recently launched perpetual futures thanks to Pyth; and Helium Network, a global distributed network of Hotspots that creates public long-range wireless coverage for IoT devices and cellular devices.","More broadly, to date (launched in mid-December 2022), Pyth has already delivered over 4.25M cross-chain price updates, with an ATH of 90K on-chain price updates in a single day!","To track Pyth’s cross-chain price updates, you can visit the Pyth Stats Page.","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to request or \"pull\" price updates on demand. This feature enables everyone in that blockchain environment to access that data point. Builders on Arbitrum can permissionlessly integrate with any of Pyth's 250+ price feeds.","You can explore our integration tutorial series on the Pyth Youtube channel.","How Pyth Network Works","Pyth On-Demand Model Explained","How to use Pyth On-Demand Model","How to use Pyth with a Price Pusher","How to use Pyth’s Benchmarks","If you have any questions or requests, you can ask in the the Pyth Discord!","The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.","Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 65%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.","Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 20 blockchains in a secure, transparent manner. Pyth supports 250+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Thanks to Pyth's innovative pull oracle design, applications can effortlessly “pull” the latest Pyth price onto their native blockchain on demand.","In less than a year, the network has secured over $2.0B in total value. Pyth has facilitated over $50B in trading volume and serves over 170 on- and off-chain applications. You can learn more about Pyth from their website and documentation.","We look forward to building the future of finance together on Arbitrum! Check out the resources below to get started. If you have any questions, please reach out.","Pyth has officially joined the Arbitrum community, and you will soon see many more Arbitrum ecosystem tokens supported on the network. You can find the Pyth Network price feeds catalog on their website and discover which price feeds are launching next. If you have any questions or feedback, you can ask in the Pyth Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Arbitrum","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-delivers-high-fidelity-oracles-to-arbitrum-ecosystem"},"/blog/evmos-go-live":{"version":1,"title":"Pyth Launches Price Oracles on Evmos - Blog - Pyth Network","description":"Pyth oracles now on EVMOS via IBC, offering 250+ price feeds for DeFi developers. Expanding access to accurate data across Ethereum and BFT chains.","keywords":"","h1":["Pyth Launches Price Oracles on Evmos"],"h2":[],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on EVMOS via IBC, offering 250+ price feeds for DeFi developers. Expanding access to accurate data across Ethereum and BFT chains.","Blockchains","Jul 31, 2023","We’re delighted to reveal that Pyth’s low-latency pull oracles are now available on EVMOS, an application-agnostic chain that is interoperable with the Ethereum Mainnet, EVM-compatible environments, and other BFT chains via IBC.","Developers on EVMOS can now fully access Pyth’s 250+ price feeds for equities, commodities, foreign exchange pairs, and digital assets. Tashi Finance, a new decentralized money-market protocol on EVMOS, is excited to set an example for the ecosystem and become #PoweredByPyth. It’s our honor to provide real-time oracle infrastructure for the EVMOS developer ecosystem and empower the next generation of Web3 financial services.","\"Excited to have Pyth Network join the Evmos ecosystem!\" commented Federico Kunze Küllmer, Co-Founder & Director. \"With 250+ real-time price feeds and a low-latency pull oracle, this integration brings us closer to our mission of achieving cross-chain dApp composability.\"","\"Pyth stands out not only for its dedication to becoming a first choice for builders who are looking for low-latency price feeds for their project but also for its exceptional communication with partners,\" said Kristine Boulton, Co-founder & CEO of Tashi Labs Foundation. \"Working hand-in-hand with Pyth has been a seamless experience, as they prioritize transparency and regularly engage with us to help educate our communities. Their commitment to our success has been unwavering, making us feel valued and supported.\"","Pyth on EVMOS","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Builders on EVMOS can permissionlessly access any of the Pyth’s 250+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","Tashi Finance, is a new decentralized money-market protocol on EVMOS, that leverages the Pyth’s price feeds.  By integrating with Pyth and its low-latency pull oracles, Tashi can easily and efficiently ensure that the prices available and consumed on-chain are matching with the greater market.","For more information about using Pyth data on EVMOS, check out our documentation.","EVMOS","Evmos is the leading Ethereum Virtual Machine-based blockchain in the Cosmos ecosystem and enables developers to launch apps that run interoperable smart contracts across any number of EVM and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they're accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide more unified experiences through interoperability, novel token economics and in-protocol incentives for users, developers and validators.","Pyth","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 25 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from their website and documentation.","What’s Next?","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the EVMOS community, you will soon see many more tokens supported on the network as well as EVMOS applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/evmos-go-live"},"/blog/pythian-summer-newsletter-44":{"version":1,"title":"Pythian’s Summer I Newsletter #44 - Blog - Pyth Network","description":"Pyth oracles expanding across Linea and Evmos blockchains, driving on-chain trading growth. A surprising trend emerges with real data.","keywords":"","h1":["Pythian’s Summer I Newsletter #44"],"h2":[],"h3":["Pyth Data on Linea and Evmos","High-Fidelity Data for the Arbinauts","#PoweredByPyth Applications","Pythian Stats"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles expanding across Linea and Evmos blockchains, driving on-chain trading growth. A surprising trend emerges with real data.","Newsletter","Aug 3, 2023","This summer is starting to feel like a Pythian’s Summer. You may have noticed that it’s becoming more difficult to trade on-chain without using a #PoweredByPyth application. Intuition is one thing. In today’s newsletter, we’ll also dive into the hard numbers. The truth just might shock you.","Another summer month, another wave of blockchains integrating with Pyth oracles. Let’s take a closer look at our newest #PoweredByPyth members.","Linea is a zkEVM rollup network launched by Consensys offering groundbreaking user experience and scalability for Ethereum. Linea testnet was highly successful, boasting 5.4 million unique wallets supporting over 43 million transactions in just three months.","Evmos is an application-agnostic chain that is interoperable with Ethereum mainnet, EVM-compatible environments, and other BFT chains via IBC. Tashi Finance is a new decentralized money-market protocol on Evmos that now leverages Pyth prices.","The train won’t stop until all the world’s market data is flowing through Pyth and reaching every blockchain. This vision may sound far-fetched until you zoom out and view the ever-expanding ecosystem…","Since its founding, Pyth has been making waves across the DeFi ecosystem with a simple and profound goal: to liberate market data from its traditional walled garden for all blockchain developers. Pyth now provides over 300 permissionless, low-latency data feeds to more than 170 apps across 25+ chains.","Arbitrum, the leading Ethereum Layer 2 scaling solution, is one of those chains. Long-time followers may remember that Pyth’s pull oracles launched on Arbitrum on the day of its mainnet launch this January. You may recognize names like CAP Finance, Buffer Finance, Duet, Deri Protocol, and Vela Exchange—just some of the #PoweredByPyth dApps on Aribtrum.","The benefits speak for themselves. Since integration, CAP Finance added support for almost 30 additional markets and exceeded $2.5B in Trading Volume in less than six months.","Every day, the #PoweredByPyth roster grows. Let’s recap our newest data users and updates from our long-time DeFi partners.","New dApps Using Pyth","Avantis, an upcoming decentralized exchange protocol on Optimism","ZeroLend, a premier decentralized lending protocol built on zkSync Era","FusionX, the community-built open-source DeFi ecosystem on Mantle","Lendle, innovative, non-custodial liquidity market on Mantle","Pinnako, a next-gen derivatives exchange on Mantle and zkSync Era","Magma Finance, an innovative AMM on Mantle using Pyth oracles to more efficiently price swaps","Tashi, a newly-launched borrow lending protocol on Evmos","Hover, a borrow/lending protocol, will be the first #PoweredByPyth dApp on Kava","Aether Protocol, an upcoming money market on Sei","Foxify, a decentralized trading platform offering peer-to-peer options and perpetual trading on Arbitrum","DeFi Partner Updates","Synthetix, a financial primitive enabling the creation of synthetic assets on Optimism, is leading the perpetual landscape in volume!","zkEra, a decentralized perpetual exchange built on zkSync, is now live on mainnet","Funds are safu on xBank, a decentralized non-custodial liquidity market built on zkSync, thanks to Pyth","Uniwhale, a decentralized leveraged trading platform on BNB and Arbitrum, launched its Arbitrum liquidity pools","Narwhal Finance, the multi-chain leveraged trading platform, just launched on Arbitrum mainnet","Clone, a hyper-liquid synthetic assets protocol on Solana, publishes a research thread on Pyth","Drift, a Solana protocol for leveraged trading, borrow/lending, and earning yield reached 200M total transactions","A few editions ago, we published a newsletter called “It’s A Builder’s Market”. The title became a real-life case study.","In June 2022, Pyth secured $1.1B in value among DeFi and specifically the Solana ecosystem. The drop in total value towards the end of 2022 reflects the FTX-related crisis.","Despite this setback, Pyth’s contributors focused on supporting Solana as well as the wider DeFi ecosystem. Real-time data was critical for developers to build back stronger. Fast forward one year and the Pyth Network now secures over $1.1B in TVL—across more than 25 blockchains. This visual tells a tale of DeFi’s redemption and surging demand for Pyth data despite significant headwinds and systemic obstacles.","Concentration of Pyth data usage is another telling statistic. We’re pleased to see Pyth become the go-to, primary market data oracle for so many high throughput specialist blockchains. Even long-established chains such as BNB Chain and Optimism are embracing Pyth prices for TVL-focused services. While TVL is not the only indicator of on-chain activity, it is an important sign of adoption as it represents value-at-stake.","Another interesting visualization is the average daily price updates. Every price delivery by Pyth to a blockchain is specifically requested and paid for by an application or ecosystem participant. This metric serves as a great indicator of Pyth's adoption and potential fee-based revenue, depending on future governance decisions regarding fee structures for price updates. Readers can expect more announcements on governance and voting soon.","The Move ecosystem has been leading the pack in Pyth data consumption. The astute reader may recall the deployment of an automated price scheduler with chains like Aptos. The future is rife with opportunity. To quote one of the many prophetesses of Delphi: “It Will Happen”.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pythian-summer-newsletter-44"},"/blog/jet-launches-defi-first-fixed-rate-lending-with-pyth":{"version":1,"title":"DeFi’s First Fixed Rate Lending with Jet | Interview - Blog - Pyth Network","description":"Jet Protocol returns with Fixed Rate lending – a groundbreaking, on-chain order book model for decentralized borrowing and lending.","keywords":"","h1":["DeFi’s First Fixed Rate Lending with Jet | Interview"],"h2":[],"h3":[],"h4":["Let’s start off with an introduction. What is Jet Protocol?","You've been hard at work in stealth mode. Welcome back! You've announced a new product for individuals and institutional users. What is it?","Fixed income on-chain has been missing from the space for a long time. It's not easy to build. How did you do it?","Tell us more about what Pyth data unlocked for your Fixed Rate product.","What's your long-term goal, now that Jet is back in action?","Similar stories"],"h5":["DFlow is Changing the Flow  | Interview","A Brighter Future with Neon Labs | Interview","DeltaFi Connects with Zeus — or Jupiter | Interview","Dual Finance  Brings The Alpha and Gamma | Interview","Don’t Get Cold Feet with Snowflake | Interview","To Lifinity and Beyond | Interview"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Jet Protocol returns with Fixed Rate lending – a groundbreaking, on-chain order book model for decentralized borrowing and lending.","Interviews","Aug 1, 2023","It’s our honor to welcome back Jet Protocol to the DeFi scene after a tumultuous year for many. The Jet team emerges from stealth mode after months of heads-down work on a once-impossible lending product.","While decentralized borrowing and lending have been around for a long time, past models rely on algorithmic models for determining interest rates. Fully on-chain, order book-based lending models were a theoretical construct—until the release of Jet’s newest product, Fixed Rate.","Sophisticated lending markets with known, or “fixed” interest rates and maturities pave the way for more advanced trading strategies, bespoke structured solutions, and greater institutional adoption of DeFi. Pyth’s low-latency price data powers the Jet product suite and secures the user experience with fixed markets. We join the Jet team as they give us an overhead tour of the Jet product suite and their Fixed Rate marketplace.","Jet Protocol is an open-source, non-custodial, borrowing, and lending protocol on the Solana blockchain.  Governed by the JetDAO, comprised of a community of DeFi contributors, developers, the Governance Committee, and $JET token holders. JET token is a native Solana-based SPL token. JET is a utility token that enables governance voting rights for token holders.","Jet’s newest launch is a protocol upgrade that compliments the rest of the Jet product suite —Fixed Rate. Fixed Rate is a first-of-its-kind marketplace for DeFi users to negotiate borrowing and lending interest rates in a central limit order book regardless of the amount of capital they would like to borrow or lend. DeFi users can reap the benefits of known interest rates and time periods, or tenors, which are unavailable in DeFi to date.","Fixed Rate users can benefit from market-driven interest rates, transparent tenors, and eliminate withdrawal risk due to utilization curves. And all of this on a non-custodial, open-source protocol (see Github here). Reliability, security, and risk management are at the forefront of Jet Protocol's priorities. The protocol undergoes regular audits conducted by Ottersec, a trusted top-tier auditing company. All audit reports are published publicly on the Jet documentation.","Initially launched markets for Fixed Rate are 1-day USDC, 30-day USDC, and 1 and 30-day SOL. Learn more about Fixed Rate and how it works with example orders in Jet’s documentation.","Jet’s Fixed Rate takes advantage of the unique infrastructure found only on Solana that permits speed and complexity in applications not possible on other blockchains. Jet’s product suite is centered around a powerful margin account and collateral management system. These two working in tandem permit users to harness capital efficiency and maximize returns by putting their assets to work for trading, lending, and borrowing purposes.","Jet’s product suite synergizes with variable pooled lending, fixed-rate lending, and a smart-routing spot leverage trading swaps application. This allows users to make leveraged trades through venues like Orca and OpenBook with transactions automatically routed through the cheapest path. Potential strategies are abundant and include pair trading, directional leverage trades, delta neutral strategies to harvest SOL staking yield utilizing LSD tokens, hedging, borrowing short-term and lending long-term, and more.","Pyth provides a continuous real-time price feed for every listed asset, such as SOL, MSOL, USDC, and WBTC.  Listing new asset types on Jet requires a Pyth oracle before that asset can be used for collateral and lending, borrowing, and swapping.","The oracle keeps Jet informed about the ever-changing prices of both SOL and WBTC, ensuring that the protocol is always calculating an accurate risk assessment of positions opened by users of the protocol.","Pyth's continuous price updates are the backbone of Jet Protocol, safeguarding assets and mitigating risk.  When it comes to borrowing SOL or USDC, precise calculations are vital, hence why Jet relies on Pyth's accurate price feed for these assets in fixed-term markets.","Pyth also has some useful bonus features, such as confidence intervals that help the protocol flag a warning if the price reported for an asset changes dramatically (and likely in error)","The Pyth oracle continuously provides the most up-to-date prices, enabling Jet Protocol to accurately assess a user's borrowing allowance. This ensures seamless and secure lending experiences on fixed markets.  Whether you're borrowing SOL or USDC, trust Pyth's reliable price data to determine your borrowing potential on Jet Protocol. Empowering you with transparency and flexibility.","Jet Protocol's long-term vision is to continue expanding the efficacy of the fixed-rate program model by providing more adapters to other protocols and tools that give users the ability to execute various strategies to earn yield from within a Jet margin account such as leveraged SOL staking with fixed and known costs, enabling more collateral types such as Orca LP positions, and giving users the tools to arbitrage rates between borrowing and lending platforms more easily (for example by enabling other protocol deposits as collateral on Jet and thus allowing lending and borrowing on other protocols from within a Jet margin account).","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem trough our newsletter. You can also learn more about Pyth here.","Blog","Sep 30, 2022","Sep 14, 2022","Sep 6, 2022","Aug 29, 2022","Aug 19, 2022","Aug 12, 2022","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/jet-launches-defi-first-fixed-rate-lending-with-pyth"},"/blog/pyth-monthly-update-july-2023":{"version":1,"title":"Pyth Monthly Update | July 2023 - Blog - Pyth Network","description":"Pyth data dominates DeFi now. Value secured across Pyth-powered ecosystems surpasses Solana, signaling a major shift in the blockchain space.","keywords":"","h1":["Pyth Monthly Update | July 2023"],"h2":["🤝 Partnerships","⚙️ Development","💃 Events","🫂 Community and Socials"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth data dominates DeFi now. Value secured across Pyth-powered ecosystems surpasses Solana, signaling a major shift in the blockchain space.","Updates","Aug 3, 2023","\"Summertime is always the best of what might be.\" - Charles Bowden","If 2020 was DeFi Summer, then 2023 is Pythian’s Summer. Have you noticed? It’s becoming exceedingly hard to trade and participate on-chain without interacting with an application which doesn’t rely on Pyth data. We’ve come a long way since our Solana days.","Consider the visualization below. Solana TVL may have given way last year, but the combined total value secured across the #PoweredByPyth ecosystems today has outgrown even those numbers. The diversity of the Pyth ecosystem today tells a story of DeFi’s redemption since the black swans of 2022 and the systemic crises which followed. It also highlights just how widespread Pyth has become as DeFi’s go-to oracle solution.","This achievement is the result of Pyth’s contributors focus on scalability as a first principle. Developers should have access to all the markets they need, no matter where they choose to build. When builders have access to the same catalog of 300+ symbols on any opportune blockchain, DeFi services proliferate.","In the spirit of expanding to new chains, we’re proud to welcome two new exciting chains to the #PoweredByPyth community this July: Neutron, the newly-launched Cosmwasm chain, and Linea, the zkEVM blockchain launched by Consensys","We’d also like to extend our congratulations to Mantle, the high-performance Ethereum L2 network, for their mainnet launch during EthCC. Pyth price feeds went live immediately so that community favorites, including FusionX, Lendle, and REAX, can launch on mainnet on day one.","There’s a couple more July stats we’d like to review. One might argue that Solana set a precedent for the emergence of high throughput and specialist blockchains. The concentration of Pyth usage for these blockchains is telling. While TVS is mostly an indicator of DeFi services such as borrow/lending, where assets are locked on-chain, the number of high-profile upstarts—Aptos, Sui, Osmosis, Injective, zkSync Era—reliant on Pyth is remarkable.","Another illuminating visualization of total demand for Pyth data boils down to how often Pyth delivers prices to blockchains from the Pythnet appchain. Every “delivered” price is a price update. Daily average price updates have gone parabolic—from 200K to nearly 1.4M in a month.","Readers may also recall that the Pyth protocol is designed to accept data fees to update on-chain prices. Governance will determine the size and continuation of these update fees. You can look forward to announcements on governance and voting opportunities in the future.","New dApps Using Pyth","ZeroLend, a premier decentralized lending protocol built on zkSync Era","zkEra, a decentralized perpetual exchange built on zkSync Era","Galleon, a fully on-chain AMM based perpetual protocol and decentralized derivatives exchange on zkSync Era","Basilisk, an open lending and borrowing protocol on zkSync Era","Tashi, a borrow-lending protocol on Evmos","Avantis, ecosystem of derivatives and yield product for Optimism and Base","Foxify, a decentralized trading platform for peer-to-peer options and perpetual trading on Arbitrum","Bucket, a collateralized-debt position protocol built on Sui","Levana, a decentralized and fully-collateralized perpetual trading platform on Sei","Aether Protocol, a peer-to-peer algorithmic money market on Sei","Kryptonite, an ambitious lending protocol on Sei","Lendle, a decentralized and non-custodial liquidity market on Mantle","FusionX, a decentralized exchange on Mantle","Magma Finance, an innovative AMM on Mantle","Pinnako, a next-gen derivatives exchange on Mantle","FusionX, an open-source DeFi ecosystem on Mantle","Hover, a protocol bringing capital efficiency, and the first #PoweredByPyth protocol on Kava","Clone, a decentralized synthetic asset protocol on Solana","Data Provider Updates","Kronos, a renowned market maker and trading firm, is now providing data for crypto assets to the Pyth Network","Pulsar, a leading proprietary and algorithmic trading firm, now contributes cryptocurrencies data to the Pyth Network","DeFi Partner Updates","Aptos Foundation and Pyth Data Association join forces to bring low-latency prices to developers","Arbitrum and Pyth celebrate the availability of low-latency prices for their developer community","Pyth is ready to kickstart price feed automation with Gelato’s Web3 Function to enable customized on-chain updates for traders","Pika, a perps DEX on Optimism, announces the newest version (V4) of the protocol","Perennial, a DeFi derivatives platform on Arbitrum and Ethereum, unveils new app design and reaches $1B in total volume","Cap Finance has expanded from Arbitrum to Base mainnet","Uniwhale Exchange, a multi-chain perps platform, is expanding to Arbitrum","Merkle Trade, a decentralized leveraged trading platform, is now on Aptos mainnet","Narwhal Finance, a perpetuals trading platform, is now live on Arbitrum and BNB Chain mainnet","zkDX, a derivatives exchange on zkSync Era, will deploy a new version of Pyth oracles with more trading variety and lower transaction fees","Users and funds are SAFU on xBank, a ZK-rollup focused decentralized liquidity market protocol on zkSync Era","Jet Protocol on Solana launches Fixed Rate—a first-of-its-kind marketplace for negotiating rates on an order book","New Blockchains Integrated with Pyth","Mantle (mainnet)","Linea","Evmos","Neutron","Base (mainnet)","Sei (testnet)","New Price Feeds","ETH/BTC, EOS/USD, CETUS/USD, RNDR/USD, and COMP/USD","Other Updates","Pyth docs get a makeover","Pyth in Person","Pyth sponsors the Encode Hacker House in Paris","Mantle’s mainnet launch at ETHCC Paris","An amazing night at the #Pyth Data-Driven Happy Hour with Flowdesk during ETHCC Paris","Online Events","Zeta Space for Mad Wars Launch with Pyth","Panel: Exploring the current state of DeFi with Gelato and Kwenta","Panel: Mantle’s roadmap and what #Pyth data means for their launch","Podcast: Mike Cahill introduces Pyth on Get To Gnosis","AMA: Foxify Perps & Options","AMA: DeFi Gamification with Galleon","AMA: The Next Opportunity for DeFi with Jet","Breaking out of the TradFi mindset","Pyth is now +90% of the TVS on 8 different blockchains","From Jan 2021 to 2023, oracles secured an average of 59% of TVL","The #PoweredByPyth universe is rapidly expanding","#Pyth empowers Synthetix and Kwenta to outperform","Security is the biggest challenge of building oracles","French Pythians meetup at EthCC","Pyth swag is looking fresh on WombatIntern, DaydayWombat and rienotrry","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-monthly-update-july-2023"},"/blog/new-pyth-data-provider-quiver":{"version":1,"title":"New Pyth Data Provider: Quiver - Blog - Pyth Network","description":"Pyth Network welcomes Quiver, a crypto exchange, to enhance real-time market data with its innovative auction system. \n","keywords":"","h1":["New Pyth Data Provider: Quiver"],"h2":["Who is Quiver?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Quiver, a crypto exchange, to enhance real-time market data with its innovative auction system.","Data Providers","Aug 8, 2023","We are pleased to welcome Quiver, a hybrid cryptocurrency exchange with an innovative approach based on batch auctions, to the Pyth Network’s data provider community. Quiver will leverage its unique liquidity retention and aggregation mechanisms to contribute data for cryptocurrencies. This partnership is another significant step towards Pyth’s mission in bringing real-time market data on-chain for global participants.","Quiver is an exchange that offers a revolutionary set of features and solutions for global investors. From perpetual futures to automated strategies and secure custody, it is setting the standard for the future of decentralized trading.","Quiver currently runs as a custodial exchange in its alpha version, with USD balances backed by USDC stored on a single multi-signature safe contract on the Ethereum Mainnet.","\"We're strong believers in low-latency oracles operating on-demand, and providing confidence intervals alongside with prices”, said Quiver CEO and Founder Kelvin Santos. “Overall we're confident that Pyth is the best oracle solution to date. We are happy to join the ecosystem as both data providers and consumers.\"","“We’re proud to have Quiver join the Pyth Network as a data provider, joining the ever expansive roster of close to 90 publishers. Their innovative approach to financial and crypto markets as well as their DeFi focus make them a perfect partner and data publisher for Pyth”, said Marc Tillement, Director, Pyth Data Association. “We look forward to combine our joint capabilities for a continued growth of the Pyth Network.”","Creators and owners of high-fidelity, valuable market data such as Quiver are critical for building a decentralized marketplace like the Pyth Network. Our market data providers play an indispensable role in ensuring that our ecosystem has reliable access to accurate, up-to-date price data on any blockchain.","Read more about our partnership on the official press release","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Quiver","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-quiver"},"/blog/decentralized-trading-on-mantle-with-fusionx-pyth-case-study":{"version":1,"title":"Decentralized Trading on Mantle with FusionX | Consumer Spotlight - Blog - Pyth Network","description":"FusionX Finance: A fast, secure, and transparent decentralized exchange built on Mantle. Offers seamless trading and composability for digital assets.","keywords":"","h1":["Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h2":["Unleashing the Power of FusionX Finance","Built on Mantle Network","Powering FusionX Finance with Pyth Price Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","The Best of DeFi and CeFi with C3 | Interview","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","FusionX Finance: A fast, secure, and transparent decentralized exchange built on Mantle. Offers seamless trading and composability for digital assets.","Consumer Highlights","Aug 9, 2023","FusionX Finance is a cutting-edge decentralized exchange on the Mantle Network. With a strong emphasis on transparency, composability, and lightning-fast transaction speeds, FusionX Finance seeks to deliver a secure and ultra-seamless trading experience.","Automated Market Maker Technology: FusionX Finance is designed as an AMM to enable effortless trades and digital asset swaps without the need for intermediaries. The platform is non-custodial and fully permissionless.","Liquidity Provider (LP) Farms: Participants can earn rewards by participating in the platform's Liquidity Provider (LP) Farms. By contributing liquidity to the platform, LP’s receive platform fees and an attractive APR on their contributions. On FusionX Finance, 75% of the swap fees generated are distributed to LP’s, ensuring an attractive avenue for maximizing profits in the world of DeFi.","Initial Farm Offering (IFO) Launchpad: The platform’s Initial Farm Offering (IFO) Launchpad supports new projects in launching their tokens and raising funds. Investors can gain early access to crypto projects they’re following and earn rewards through incentivized liquidity provision. The IFO Launchpad is designed to foster innovation and provide participants with diversified investment opportunities.","FusionX Finance is built on the Mantle Network, a high-performance Ethereum layer-2 solution.","Some of Mantle’s key features are:","Scalability: Mantle leverages its modular architecture and optimistic rollup technology to boost transaction throughput beyond the capabilities of traditional Layer 1 blockchains like Ethereum. By building on Mantle, FusionX Finance can accommodate high trading volumes and deliver an exceptional user experience.","Low Fees: Through the compression of transactions into ‘compressed blocks’, users enjoy more accessible interaction with the network, saving costs associated with gas fees. FusionX Finance users benefit from cost-effective trading and a more inclusive DeFi ecosystem.","Security: Building on the Ethereum blockchain, Mantle inherits the robust security features of the world's most secure blockchain network. Additionally, Mantle employs multi-party computation (MPC) technology, reducing trust risks and enhancing decentralization. These measures are in place to ensure the utmost security and trustworthiness for all participants in the FusionX ecosystem.","EVM Compatibility: Developers can deploy their contracts on the Mantle Network with minimal modifications, enabling easy migration and unlocking the full potential of their decentralized applications.","Thriving Partner Ecosystem: FusionX Finance joins a strong ecosystem of partners, including major players like BitDAO and Bybit.","Read more about how Mantle Network integrated with Pyth Price Feeds.","FusionX Finance taps into the Pyth Price Feeds to deliver a frictionless, real-time decentralized trading experience. The Pyth oracle tracks real-time market prices of digital assets with 5-10x greater accuracy than other providers. Furthermore, Pyth updates its price every 400ms. Low-latency data access and high-frequency price updates enable FusionX to execute critical protocol operations precisely and rapidly.","FusionX and the Mantle Network ecosystem have permissionless access to 300+ price feeds across major asset classes including crypto, FX, ETFs, equities, and commodities. The Mantle ecosystem can also integrate with Pyth Benchmarks (standardized, historical prices) for time-sensitive operations such as options settlement.","You can fully experience FusionX Finance and Pyth Network’s collaboration by visiting their website.","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 27, 2023","Oct 6, 2023","Sep 21, 2023","Sep 6, 2023","Aug 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/decentralized-trading-on-mantle-with-fusionx-pyth-case-study"},"/blog/pyth-launches-price-oracles-on-sei":{"version":1,"title":"Pyth Launches Price Oracles on Sei - Blog - Pyth Network","description":"Pyth oracles now on Sei blockchain, offering 300+ price feeds for DeFi apps. Scalable data for trading and crypto development.","keywords":"","h1":["Pyth Launches Price Oracles on Sei"],"h2":["Pyth on Sei","Sei Network","Sei Labs","Pyth Network","What's Next?","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles now on Sei blockchain, offering 300+ price feeds for DeFi apps. Scalable data for trading and crypto development.","Blockchains","Aug 15, 2023","It’s our pleasure to announce that Pyth’s low-latency pull oracles for market data are now available on Sei, the open-source L1 blockchain specialized for trading and designed to scale with the crypto industry.","Developers on Sei mainnet can now access, permissionlessly, Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. Sei dApps like Aether Protocol, Fuzio, Kryptonite, Levana Protocol, and SeaSwap are already sailing ahead of the competition with Pyth Price Feeds.","\"Integrating Pyth's innovative low-latency pull oracles with Sei unlocks new potentials in decentralized finance. As we strive for precision and timeliness in market data, this integration solidifies our commitment to providing developers and users with trusted and reliable tools. Both Sei Labs and the Foundation is thrilled to be at the forefront of this evolution.\" - Grover, Head of Marketing, Sei”","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Sei can permissionlessly access any of Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","Aether Protocol is a peer-to-peer algorithmic money market protocol designed according to two simple ideas: align incentives in between users and the protocol, and be useful. Thanks to Pyth Price Feeds, Aether will allow users to earn yield on their deposits and use them as collateral for loans on the platform. Pyth’s low-latency price feeds combined with Sei’s lightning-fast finality will unlock key UX improvements such as more timely liquidations.","Fuzio is a full-suite DeFi application offering prediction markets, a DEX, a launchpad, and liquid staking solutions. Fuzio prediction markets use Pyth Price Feeds to enable users to express and settle directional views on a short-time frame price evolution for multiple asset classes.","Kawa Finance is a cross-chain, decentralized lending protocol offering perpetual variable rate loans. Kawa’s cross-chain messaging aggregation protocol (XCM Aggregation) significantly improves the security and speed of existing cross-chain money markets. Instant finality is a benefit of living on Sei. Kawa uses Pyth Price Feeds to constantly value the platform’s underlying assets to ensure secure cross-chain operations.","Kryptonite Finance is the premier SEI liquid staking platform, with an integrated money market to earn compounded interest on SEI. Kryptonite relies on  Pyth Price Feeds for accurate, timely liquidations and to ensure protocol security.","Levana Protocol is a decentralized, fully-collateralized perpetual trading platform on Sei, Osmosis, and Neutron. Levana has already processed over $10M in trading volume in its beta stage. The platform’s expansion to Sei will further propel its status as a leading venue for trading on-chain. Pyth’s wide asset coverage enables Levana to support a wide variety of markets including assets that are not native to Cosmos.","SeaSwap is a layered DeFi platform with OTC swaps, a bonding curve launchpad, a permissionless DEX, and more—all possible thanks to Pyth Price Feeds.","To learn more about how to integrate with Sei Network, you can check out our documentation.","Sei is a general-purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. Leveraging a novel consensus and technical breakthroughs, Sei is among the fastest blockchain in the industry.","For more information about Sei, please visit their website and documentation.","Sei Labs is a contributor to the open-source Sei blockchain, the fastest Layer 1 for trading. Sei's unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The Sei Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $65B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Seilor community, you will see more Sei applications becoming #PoweredByPyth. You can explore our available price feeds on our website and discover which feeds are next in the pipeline. If you would like to request a new data feed, please let us know in our Discord.","Pyth WebsitePyth DocsPyth Best PracticesPyth On-Demand UpdatePythnetPyth on SeiPyth Price Feeds IDsPyth for Off-Chain UsePyth DiscordPyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-sei"},"/blog/pyth-launches-price-oracles-on-base":{"version":1,"title":"Pyth Launches Price Oracles on Base - Blog - Pyth Network","description":"Pyth oracles for low-latency market data now on Base, Coinbase’s Ethereum L2.  Base aims to bring one billion users to crypto.","keywords":"","h1":["Pyth Launches Price Oracles on Base"],"h2":["Pyth on Base","Base","Pyth","What's Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth oracles for low-latency market data now on Base, Coinbase’s Ethereum L2.  Base aims to bring one billion users to crypto.","Blockchains","Aug 9, 2023","It’s our pleasure to announce that Pyth’s low-latency pull oracles for market data are now available on Base, a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on-chain. This announcement follows the launch of Base mainnet.","Base is to make on-chain the next online and onboard one billion users into the crypto economy. In pursuit of this goal, Base will serve as both a home for Coinbase’s on-chain products and an open ecosystem where anyone can build.","Builders on Base mainnet can now access Pyth’s 250+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. CAP Finance, Perennial, DePerp, Buffer, and Pike Finance are taking the lead and leveraging Pyth Price Feeds on Base!","“We’re excited that Pyth is deploying on Base to support developers looking to build the future of finance and DeFi on-chain,\" said Jesse Pollak, Base Lead","“Ethereum Layer 2’s have been among the most vibrant communities and blockchains in recent months, Base included. Pyth expansion to Base is logical and aims to enable the current and future cohort of developers to build the future of finance on-chain,” said Marc Tillement, Director, Pyth Data Association. “We look forward to seeing existing partners expand to Base with the Pyth Network as well as support homegrown projects.”","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Base can permissionlessly access any of Pyth’s 250+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","CAP Finance is a decentralized trading protocol designed to be powerful and easy to use by all on Arbitrum. CAP V4 has been a Pyth user since January, and supported $3B in trading volume, with over $2M in fees collected. Following Pyth’s expansion to Base on testnet, CAP promptly followed suit and is now gearing up for their Base mainnet deployment.","Perennial is a DeFi-native derivatives primitive that allows for the creation of two-sided markets that trade exposure to an underlying price feed in a capital-efficient manner. Perennial is currently live on Arbitrum and generated over $1B in trading volume, with Pyth powering its user interface.","DePerp is a decentralized perpetual exchange that offers traders a wide range of benefits including self-custody asset management when trading crypto or forex, transparent on-chain transaction data, and on-chain liquidity and reserve confirmation. DePerp will integrate with Pyth for its upcoming launch on Base and Optimism.","Buffer Finance is a non-custodial exotic options trading platform on Arbitrum offering defined-outcome and fast-paced trading over crypto and non-crypto markets. Buffer Finance integrated with Pyth earlier in April and has processed $7M in trading volume and close to $1M in fees generated.","Pike is a next-generation money market for native assets where users can earn, borrow and build applications on any chain, including Base, Ethereum, Optimism, Polygon, Arbitrum, Avalanche, BNB Chain, and Solana. Pike has integrated with Wormhole’s cross-chain message relayer infrastructure and Circle’s cross-chain transfer protocol. Finally, Pyth Price Feeds will enable the platform to efficiently and accurately value the native assets of the blockchains where Pike is deployed.","To learn more about how to integrate with Pyth Price Feeds on Base, you can check out our documentation.","Base is an Ethereum Layer 2 network offering a secure, low-cost, developer-friendly way to build decentralized apps. Base is built on the open-source OP Stack, in collaboration with Optimism, a fast, stable, and scalable L2 blockchain built by Ethereum developers for Ethereum developers. Optimism was imagined and designed as a minimal extension to existing Ethereum software, and its EVM-equivalent architecture scales your Ethereum apps without surprises.","More details are available on the Base website.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 25 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Base community, you will soon see many more Base applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-launches-price-oracles-on-base"},"/blog/stablecoins-stability-in-defi-and-crypto-pyth-price-feeds":{"version":1,"title":"Stablecoins: Stability in DeFi and Crypto | Pyth Price Feeds - Blog - Pyth Network","description":"Pyth Network supports stablecoin price feeds for DeFi dApps, enabling custom trading pairs and specialized markets within the decentralized finance space.","keywords":"","h1":["Stablecoins: Stability in DeFi and Crypto | Pyth Price Feeds"],"h2":["What are Stablecoins?","How Do Stablecoins Maintain Their Peg?","Pyth Price Feeds: The Stablecoins","Applications Using Pyth Stablecoin Price Feeds"],"h3":["Tether (USDT)","USD Coin (USDC): Trusted Tranquility","Dai (DAI): Decentralized Resilience","Binance USD (BUSD)","Euro Coin (EUROC)","USDD (USDD)","Kwenta","ReactorFusion","Lendle","0VIX","Solend"],"h4":["Similar stories"],"h5":["Introducing Fogo Flames: From the Fastest L1 in History—Powered by Pyth","MagicBlock and Lazer: Powering a New Wave of Speed for Solana DeFi","Sony Group and Pyth Network: A New Era of Decentralized Innovation","New Pyth Data Provider: GlueX","Pyth Price Feeds Launch on Kinto","Pyth Price Feeds Launch on Galxe’s Layer 1 Omnichain, Gravity"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network supports stablecoin price feeds for DeFi dApps, enabling custom trading pairs and specialized markets within the decentralized finance space.","Events","Aug 10, 2023","In the fast-paced and often tumultuous world of decentralized finance, stablecoins have risen as a source of stability, offering a dependable link between conventional financial systems and the decentralized ecosystem.","Since stablecoins play such a critical role in the DeFi ecosystem, it is imperative that the Pyth Network supports the relevant stablecoin price feeds for dApps to construct custom pairs and open specialized markets for stablecoin traders.","In this blog post, we will delve into stablecoins and how they support the Web3 capital markets.","A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a specific reserve asset, such as a fiat currency like the US Dollar or a commodity like gold.","This stability is intended to reduce the price volatility commonly associated with other cryptocurrencies like Bitcoin or Ethereum, making them a dependable store of value and medium of exchange in the digital realm.","Stablecoins can maintain their peg through various mechanisms including (over-)collateralized and algorithmic approaches. The most common method is through collateralization. Some stablecoins combine elements of different strategies to enhance their stability.","Fiat-Collateralization: The stablecoins back their value by holding a reserve of real-world fiat currency in bank accounts. For every stablecoin issued, an equivalent amount of fiat is held, ensuring a direct link between the cryptocurrency and a stable asset. Note that this approach relies on the trustworthiness of the custodian holding the reserve.","Crypto-Collateralization: The stablecoins are backed by other cryptocurrencies. The stablecoin protocol ensures that the value of the backing cryptocurrency remains higher than the value of the stablecoins issued. This approach involves over-collateralization to safeguard against price fluctuations.","Commodity-Collateralized: These stablecoins are pegged to valuable commodities like gold or silver. Reserves of these commodities back the stablecoins' value, providing a tangible asset base that contributes to their stability.","Algorithmic: Operating without collateral, algorithmic stablecoins utilize smart contracts to control their supply dynamically. Algorithms adjust the stablecoin's supply based on demand and market conditions to maintain a stable value. This approach requires careful calibration to be effective and is susceptible to de-pegging attacks.","Tether (USDT) was introduced in 2014 on the Bitcoin blockchain and is one of the first stablecoins created. USDT is tied to the US Dollar's value and is a favored choice for traders and Web3 participants globally.","Today, USDT is the largest stablecoin with the most significant trading volume and market capitalization, holding two-thirds of the stablecoins market share.","Explore Pyth USDT/USD feed.","USD Coin by Circle offers a secure and transparent channel for transacting and storing value pegged to the US Dollar. Supported by regulated financial institutions and overseen by the CENTRE Consortium, a collaborative effort involving Circle and Coinbase, USDC's stability is ensured by fully backing each USDC token with corresponding US Dollars in reserve bank accounts.","Explore the Pyth USDC/USD feed.","Dai (DAI) by MakerDAO maintains its peg to the US Dollar through smart contract-based algorithmic mechanisms and without direct fiat reserves. DAI is known for its decentralized nature, innovative collateral system based primarily on Ethereum, and symbolic role in DeFi history.","Explore the Pyth DAI/USD feed.","Binance USD (BUSD) is a collaboration between Binance and Paxos to create a stablecoin that mirrors the US Dollar at a 1:1 ratio. BUSD operates across blockchain networks, including Binance Chain and Ethereum, enhancing its compatibility and usability. BUSD offers a reliable medium for trading and preserving value within Web3.","Explore the Pyth BUSD/USD feed.","Euro Coin, also known as EUROC, stands as a euro-backed stablecoin with worldwide accessibility on both Ethereum and Avalanche platforms. In a manner reminiscent of USDC, Circle takes charge of issuing Euro Coin under a comprehensive full-reserve framework.","Crafted to embody unwavering stability, Euro Coin derives its strength from complete collateralization with euros, meticulously held in dedicated euro-denominated banking accounts. This ensures its perpetual redeemability at a precise 1:1 ratio with euros.","Explore the Pyth EUROC/USD feed.","USDD is a stablecoin on the TRON blockchain, representing an algorithmic stablecoin. Rooted in the power of mathematics and algorithms, its mission mirrors that of Frax Finance (FRAX), striving to bestow financial autonomy.","Explore the Pyth USDD/USD feed.","The Pyth Network supports price feeds for many more stablecoins, including Celo Dollar (CUSD/USD), Origin Dollar (OUSD/USD), TerraClassicUSD (USTC/USD), and TrueUSD (TUSD/USD). Other stablecoins like Liquidity USD (LUSD), FRAX, and VAI will be available on Pyth very soon. You can explore the comprehensive catalog of available price feeds on the Pyth Network to learn more.","Kwenta is a decentralized derivatives platform offering perpetual futures and options trading on Optimism. Kwenta enables users to can gain exposure to on-chain and real-world assets.","Thanks to Pyth Price Feeds, Kwenta and other #PoweredByPyth members of the Synthetix ecosystem can support markets for digital assets and RWA’s, including the USDT/USD market.","ReactorFusion, an innovative lending and borrowing platform native to zkSync era, merges Compound Finance principles with distinctive bribe-reward tokenomics. This integration, along with Pyth’s stablecoin price feeds, establishes a novel and streamlined approach to DeFi lending within the zkSync Era ecosystem.","Lendle, a cutting-edge decentralized liquidity market on Mantle, has integrated with Pyth’s stablecoin feeds to enable innovative lending solutions. Lendle offers liquidity provision to DEXs, isolated markets, and under-collateralized lending. In collaboration with FusionX Finance, Lendle seeks to disrupt the lending landscape and provide an enhanced UX through improved tokenomics.","0VIX on Polygon zkEVM is a decentralized liquidity market protocol that enables users to lend, borrow, and earn interest on digital assets easily.","0VIX relies on Pyth to track the prices of major assets including USDT and USDC to monitor user positions and value their posted collateral.","Solend, a borrowing and lending protocol, uses Pyth’s stablecoin price feeds to help ensure accurate, real-time asset valuation. In doing so, Solend facilitates secure and efficient borrowing and lending transactions.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Apr 1, 2025","Mar 7, 2025","Aug 27, 2024","Aug 22, 2024","Aug 21, 2024","Jul 22, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/stablecoins-stability-in-defi-and-crypto-pyth-price-feeds"},"/blog/sei-what-its-all-about-that-base-newsletter-45":{"version":1,"title":"Sei What? It’s All About That Base | Newsletter #45 - Blog - Pyth Network","description":"Pyth Price Feeds now live on Base and Sei blockchains, supporting high-throughput DeFi on Sei’s fast Layer 1 network.","keywords":"","h1":["Sei What? It’s All About That Base | Newsletter #45"],"h2":["Pyth Price Feeds are Live on Base and Sei","Stablecoins and Pyth Price Feeds","#PoweredByPyth Applications","Pythian Stats"],"h3":["New dApps Using Pyth","DeFi Partners Updates"],"h4":["Similar stories"],"h5":["Community-Changing Developments | Newsletter #56","A Meteoric Rise | Newsletter #55","The Pyth Forum Ascends | Newsletter #54","Unstoppable Growth | Newsletter #53","The Pyth Universe Expands | Newsletter #52","The Dawn of the Council | Newsletter #51"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Price Feeds now live on Base and Sei blockchains, supporting high-throughput DeFi on Sei’s fast Layer 1 network.","Newsletter","Aug 15, 2023","During this hot summer season, Pyth Price Feeds have continued to expand into even hotter new blockchains—Base and Sei.","Congratulations to Sei on their mainnet launch! Sei is a general-purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets.","The Sei blockchain is designed to be one of the fastest blockchains in the industry, and thus a ripe environment for deploying Pyth Price Feeds to support high throughput DeFi. Borrow-lending protocols Aether, Kryptonite, and Kawa Finance, as well as decentralized exchanges Fuzio, Levana, and SeaSwap are now using Pyth Price Feeds.","You can learn more about our integration with Sei in our launch blog.","Pyth Price Feeds have also launched on Base, the Ethereum Layer 2 network by Coinbase. Base offers secure, cost-effective solutions for Ethereum developers by tapping into the open-source OP Stack thanks to their partnership with Optimism.","Developers on Base can permissionlessly access all of Pyth’s 300+ permissionless price feeds. DeFi applications like CAP Finance, Perennial, DePerp, Buffer Finance, and Pike are already using Pyth data or have started integrating.","To learn more about our integration with Base, you can check out our blog post.","Earlier this week, we delved into the world of stablecoins and how they support the Web3 capital markets. Pyth Price Feeds play a paramount role in the stablecoin landscape.","As most of our readers know, stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to a specific reserve asset, such as a fiat currency like the US Dollar or a commodity like gold.","Since stablecoins play a critical role in the DeFi ecosystem as a store of value and means of transfer, the Pyth Network supports the most popular stablecoin price feeds. Pyth’s stablecoin feeds enable dApps to track the underlying value of stables, even in the rare case of depegs.","Pyth Network provides the greatest oracle coverage for stablecoins. There are currently 11 different stablecoins Pyth Price Feed live today: USDT (Tether), USDC (Circle), DAI (Maker), BUSD (Binance), EUROC (Circle), USDD (Tron), OUSD (Origin Dollar), USTC (Luna Classic), TUSD (TrueUSD), CUSD (Celo USD), and FRAX (Frax Finance). Like all other Pyth Price Feeds, the Pyth stablecoin feeds are available on more than 30 blockchains.","The work doesn’t stop here. The Pyth Network’s contributors are working towards supporting LUSD (Liquity), VAI (Venus), FDUSD (First Digital Dollar), HAY (Helio), and USDP (Paxos USD). More announcements soon on the progress of these ambitious stablecoin initiatives.","You can read more on our original stablecoin price feed blog post.","The Pyth Network continues to grow. It’s rare to see a day without new dApp and data providers joining the network.","Cochilli, a prediction marketplace built on Base","LogX, a perp aggregator protocol with aggregated liquidity on Arbitrum, and soon, Mantle","Aether Protocol, a peer-to-peer algorithmic money market on Sei","REAX, the first trustless synthetic asset issuance, and trading protocol live on Mantle","ABEx, a revolutionary on-chain derivative protocol built on Sui","Fuzio, a full-suite DeFi app (prediction markets, a DEX, launchpad, and liquid staking solutions) on Sei","Kryptonite, a SEI liquid staking platform with integrated money markets on Sei","Levana, a collateralized perpetual trading app","Sea Swap, a layered DeFi platform on Sei with OTC swaps, launchpad, and DEX","Pike, a universal liquidity protocol on Base","Solend, the long-time leader in borrow/lending on Solana, launched Margin last week","D8X, a decentralized derivatives platform built on Polygon zkEVM, raised a $1.5M Pre-seed round","DePerp, a perpetual DEX, launched their testnet on Base","FusionX Finance, a cutting-edge DEX, appears in our newest Pyth Case Study","CAP, a decentralized perpetual protocol on Arbitrum, expands on Base","Buffer, a non-custodial exotic options trading platform, is live on Base","Perennial, a decentralized derivatives protocol, launches on Base","Zerolend integrates Gelato and Web3 Functions (#PoweredByPyth)","Slide APP V2 for social traders is live on Solana","Sable launches their mainnet on BNB and Arbitrum","Jet reveals Fixed Lending product, a marketplace for negotiating rates on an order book","Amidst the bear market, resilient DeFi developers were heads down with work and persevered. With the rise of high throughput DeFi from Solana came a new generation of dApps in 2023. Pyth saw an impressive three new integrations per week since the start of this year.","The network is now securing at least 180 protocols. This number is most likely a conservative count, given that builders can integrate Pyth Price Feeds permissionlessly.","You can explore the Pyth documentation to learn more.","Synthetix, the renowned liquidity backend primitive for on-chain derivative contracts on Optimism, has experienced a fundamental transformation in performance since integrating with Pyth.","Synthetix completed its integration in December 2022 and has since processed an impressive $22B in volume from its previous $5B total. This is a shoutout to all DeFi developers. Let us know how Pyth Price Feeds will unlock the growth and momentum your dApp deserves.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jun 28, 2024","Jun 17, 2024","May 30, 2024","May 19, 2024","Apr 16, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/sei-what-its-all-about-that-base-newsletter-45"},"/blog/tashi-revolutionizing-borrowing-and-lending-on-evmos-pyth-case-study":{"version":1,"title":"Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight - Blog - Pyth Network","description":"Tashi: Evmos’s leading DeFi protocol simplifies lending and borrowing with its dynamic TASHI Markets, offering a seamless experience.","keywords":"","h1":["Tashi: Revolutionizing Borrowing and Lending on Evmos | Consumer Spotlight"],"h2":["The Core of Tashi: TASHI Markets","A Holistic Product Suite","Powering Tashi with Pyth Price Feeds"],"h3":[],"h4":["Similar stories"],"h5":["Dyson Finance: Streamlining Market Data Access with Pyth Price Feeds","The Best of DeFi and CeFi with C3 | Interview","Drift Protocol: Revolutionizing Decentralized Derivatives I Consumer Spotlight","Innovative Markets and Community Governance with Thales I Consumer Spotlight","Adaptive Pricing for Decentralized Trading with HMX on Arbitrum I Consumer Spotlight","Decentralized Trading on Mantle with FusionX | Consumer Spotlight"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Tashi: Evmos’s leading DeFi protocol simplifies lending and borrowing with its dynamic TASHI Markets, offering a seamless experience.","Consumer Highlights","Aug 16, 2023","In this blog post, we delve into the groundbreaking journey of Tashi, the number one borrow/lending protocol on the Evmos blockchain. Tashi, a gateway to the world of decentralized finance, caters to both novices and veterans, offering a seamless experience that is transforming the DeFi landscape.","At the heart of Tashi lies the dynamic TASHI Markets, an integral platform element that empowers users to seamlessly partake in lending, borrowing, and even reaping block rewards through crypto asset utilization. Tashi stands out for its commitment to enhancing liquidity and capital efficiency, aligning with the high throughput nature of modern DeFi borrowing/lending primitives.","Incentivizing Liquidity and Block Rewards","Tashi introduces an innovative concept of block rewards for depositors, enticing users to provide liquidity to the protocol. This mechanism aims to foster a mutually beneficial ecosystem.","Over-Collateralization","Borrowers on Tashi can access capital securely thanks to an over-collateralized approach. This strategic design ensures the stability of Tashi’s lending process while ensuring that borrowers can obtain funding with ease.","Instant Liquidity Management","Tashi’s liquidity market optimizes asset management flexibility. Users can seamlessly contribute to and withdraw from the pooled liquidity market and manage their assets in real time.","Instant Borrowing","Tashi's borrowing feature brings financial empowerment to users, granting instant access to funds from the liquidity market, and leveraging supplied assets as collateral. The simplicity of this process eliminates the complexities associated with loan applications or credit checks, democratically opening the door to diverse users.","Personalized Notifications","Tashi believes in empowering users through personalized notifications! Real-time updates about deployed positions keep users informed and in control of their financial activities. Tashi’s proactive interface enables users to traverse the DeFi landscape with confidence.","Tashi relies on Pyth’s low-latency prices to inform users, evaluate platform assets in real time, and ensure the overall health and solvency of the platform.","We’re pleased to see Pyth Price Feeds inspiring upstarts in the Cosmos ecosystem in establishing new standards for user experience and decentralized lending. Access to Pyth Price Feeds is permissionless and has become the new standard for borrow/lending in DeFi 2.0. What will you build with Pyth data in a new era of high throughput DeFi?","We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, follow Pyth on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Jan 19, 2024","Oct 27, 2023","Oct 6, 2023","Sep 21, 2023","Sep 6, 2023","Aug 9, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/tashi-revolutionizing-borrowing-and-lending-on-evmos-pyth-case-study"},"/blog/new-pyth-data-provider-radix":{"version":1,"title":"New Pyth Data Provider: Radix - Blog - Pyth Network","description":"Pyth Network welcomes Radix, a trading research firm, as a data publisher. This expands Pyth’s data feed with reliable asset prices and industry knowledge.","keywords":"","h1":["New Pyth Data Provider: Radix"],"h2":["What is Radix?"],"h3":["Discover More"],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Radix, a trading research firm, as a data publisher. This expands Pyth’s data feed with reliable asset prices and industry knowledge.","Data Providers","Aug 17, 2023","We are pleased to welcome Radix, a renowned research firm in the trading industry, to the Pyth Network as a data publisher. Radix will contribute its asset price data and industry knowledge to enhance the reliability and coverage of Pyth Data Feeds. This collaboration further reinforces Radix's commitment to advancing financial data accessibility and supporting the growth of decentralized finance, as well as Pyth Network’s goal of unlocking global market data for on-chain users.","Led by a team of industry veterans who have successfully built and managed highly profitable trading teams worldwide, Radix combines interdisciplinary academics, experienced researchers, and seasoned technologists.","The team's expertise spans diverse fields, including supercomputing and Silicon Valley tech companies. This fusion of talent enables Radix to foster a culture of innovation, utilizing cutting-edge proprietary technology and automated research platforms to develop and refine trading strategies.","By joining the Pyth Network, Radix will publish price data directly onto the leading oracle network. This strategic partnership showcases Radix’s commitment to collaboration and its enthusiasm for supporting the growth of the decentralized finance project.  Through this collaboration, Radix aims to contribute its extensive knowledge and experience to enhance the data offerings of the Pyth Network.","Owners of low-latency market data such as Radix are imperative for a decentralized marketplace and oracle network like Pyth. Our data provider community plays a critical role in enabling reliable access to accurate, up-to-date price feeds for dApp developers.","By working together closely, both entities aim to drive innovation, foster the adoption of blockchain technology, and enable the development of more robust and reliable decentralized financial ecosystems.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-pyth-data-provider-radix"},"/blog/pyth-price-feeds-now-available-on-scroll-sepolia-testnet":{"version":1,"title":"Pyth Price Feeds Now Available on Scroll (Sepolia Testnet) - Blog - Pyth Network","description":"Pyth Network integrates with Scroll’s Sepolia testnet, offering 300+ price feeds for DeFi applications, leveraging zkEVM compatibility.","keywords":"","h1":["Pyth Price Feeds Now Available on Scroll (Sepolia Testnet)"],"h2":["Scroll","Pyth","What’s Next?","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network integrates with Scroll’s Sepolia testnet, offering 300+ price feeds for DeFi applications, leveraging zkEVM compatibility.","Blockchains","Aug 18, 2023","Today, we’re returning to the historical Greek roots of the Pyth Network. Pyth Price Feeds are now available on Scroll’s Sepolia testnet, a zkEVM built on top of Ethereum that enables native compatibility for existing Ethereum applications and tools.","The wider DeFi and Pyth community expressed continual interest for this integration. We’re pleased to finally break that announcement today. Smart contract developers can start building with Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets on Scroll’s Sepolia testnet.","Scroll is an EVM-equivalent zkRollup to scale Ethereum by utilizing ZK technology to enable faster, more efficient transactions. The core piece that Scroll is built upon is the zkEVM, which is used to prove the correctness of EVM execution in Layer 2. Scroll aims to provide the best experience for developers and users. You can learn more about Scroll from their website and documentation.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","Developers can explore the resources below to get started. If you have any questions, please reach out on our community channels.","Now that Pyth has officially joined the Scroll community, you can look forward to more Scroll applications becoming #PoweredByPyth. You can explore our catalog of low-latency price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new data feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-available-on-scroll-sepolia-testnet"},"/blog/defi-tokens-incentives-freedom-and-governance-pyth-price-feeds":{"version":1,"title":"DeFi Tokens: Incentives, Freedom, and Governance | Pyth Price Feeds - Blog - Pyth Network","description":"DeFi tokens are reshaping finance with on-chain governance and community-driven innovation, mirroring company shares for a new financial era.","keywords":"","h1":["DeFi Tokens: Incentives, Freedom, and Governance | Pyth Price Feeds"],"h2":["The Role of DeFi Tokens","Applications Using Pyth DeFi Token Price Feeds","Governance Tokens and Pyth"],"h3":["Synthetix (SNX)","Vela (VELA)","Hashflow (HFT)","Alpaca (ALPACA)"],"h4":["Similar stories"],"h5":["How Gold Prices Work: A Guide to XAU Market Structure","Overnight Equities Explained","How Pyth Handled A Price Spike After Fake ETF News","How do Decentralized Finance Protocols Make Money?","Levana: A DeFi Game-Changer I Consumer Spotlight","Tokenization and the Future of Real World Assets (RWAs)"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","DeFi tokens are reshaping finance with on-chain governance and community-driven innovation, mirroring company shares for a new financial era.","Pyth Primers","Aug 18, 2023","In the rapidly evolving landscape of blockchain and cryptocurrencies, decentralized finance (DeFi) has emerged as a revolutionary force. At the heart of this transformative movement are protocol-specific utility and governance tokens, which we’ll call ‘DeFi tokens’ in this blog post.","DeFi tokens pave the way for on-chain governance, community-driven innovation, and financial inclusion. One can draw striking similarities between DeFi tokens and the shares of a public company. We’ll delve into the role these tokens play in on-chain community incentives and reshaping the way we control our financial lives.","At the core of DeFi's transformative potential are protocol-specific governance tokens. These tokens typically grant holders the right to participate in decision-making processes that govern the protocol's evolution.","Token holders can propose and vote on upgrades, changes to parameters, and the addition of new features. On-chain governance procedures pave the way for a decentralized, community-driven approach to protocol management, removing the need for centralized entities and fostering a sense of ownership among community participants.","DeFi tokens facilitate a number of strategic functions:","Governance: Holding tokens often confers governance privileges and affords holders the power to participate in voting for protocol enhancements, alterations, and critical resolutions. This capability gives rise to a more democratic, community-centric governance framework.","Liquidity Provision: Tokens can be part of an incentivization mechanism for users to provide liquidity to the underlying protocol. Liquidity is the lifeblood of functional, efficient markets.","Collateral Utility: Developers can design lending protocols to accept certain DeFi tokens as collateral. These opportunities can enhance the capital efficiency and robustness of the wider DeFi ecosystem.","Discounts: Token holders may receive discounts on certain services or transactions within the protocol's ecosystem for holding or staking DeFi tokens towards their native protocol.","Access to Premium Features: Holding a certain number of tokens could grant users access to premium features or advanced functionalities within a protocol.","Synthetix is a decentralized synthetic asset issuance platform that enables the creation and trading of synthetic assets representing real-world assets like fiat currencies and commodities.","SNX is the native token of the Synthetix protocol and serves as collateral to back the creation of synthetic assets. The token facilitates staking and governance. By staking, users can earn rewards for collateralizing the network and vote on governance matters.","Vela Exchange is a decentralized perpetuals trading platform for diverse synthetic assets, including popular cryptocurrencies, forex, and precious metals. Users can trade on isolated margin, benefit from self-custody, and enjoy access to rewards.","VELA is the primary utility token of the Vela ecosystem. The token can be staked to earn a share of the trading fees.","Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades. Hasflow is available on Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism.","HFT is the governance token for the protocol, Hashflow’s gamified DAO, and governance platform. The token enables holders to weigh in on decisions regarding protocol fees, marketing, and code development.","Alpaca Finance is the largest lending protocol offering leveraged yield farming on BNB Chain. Alpaca offers lenders safe and stable yields and offers borrowers under-collateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.‌","ALPACA is the protocol’s utility token. Holders can receive economic incentives, participate in governance, NFT access, and more.","DeFi tokens stand as the bedrock of the DeFi revolution, granting users financial control, governance powers, and protocol-specific opportunities. As the DeFi industry continues maturing, DeFi tokens will most likely play an increasingly pivotal role in steering on-chain innovation and reshaping the Web3 capital markets.","Whenever the Pyth Network launches a new price feed, it is available across 30 blockchains.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Feb 24, 2026","Feb 16, 2026","Jan 15, 2024","Oct 30, 2023","Oct 20, 2023","Oct 16, 2023","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/defi-tokens-incentives-freedom-and-governance-pyth-price-feeds"},"/blog/pyth-price-feeds-now-available-on-wemix":{"version":1,"title":"Pyth Price Feeds Now Available on WEMIX - Blog - Pyth Network","description":"Pyth Network oracle now on WEMIX3.0! Providing low-latency price feeds for WEMIX & 30+ blockchains, enhancing dApp performance.","keywords":"","h1":["Pyth Price Feeds Now Available on WEMIX"],"h2":["Pyth on WEMIX3.0","WEMIX3.0","Pyth Network","What’s Next?","Resources"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network oracle now on WEMIX3.0! Providing low-latency price feeds for WEMIX & 30+ blockchains, enhancing dApp performance.","Blockchains","Aug 24, 2023","As part of a greater collaboration with the WEMIX3.0 Foundation, we’re delighted to reveal that the Pyth Network low-latency pull oracle is now available on WEMIX, a high-performance EVM-compatible open-source protocol. The Pyth Network has also launched its WEMIX/USD price feed, which is available WEMIX 3.0 and 30 other blockchains.","The WEMIX 3.0 Foundation has deployed and will operate its own price scheduler to regularly update prices on-chain. This deployment enables WEMIX dApps like Nile and WemixFi to freely and seamlessly use Pyth Price Feeds.","The Pyth Network introduced an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on WEMIX can permissionlessly access any of Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.","However, to facilitate and further bootstrap its growing ecosystem, the WEMIX 3.0 Foundation has deployed and now operates its own price scheduler!","WemixFi is the first decentralized exchange on the WEMIX3.0 mainnet. WEMIX.Fi is a fully on-chain DeFi platform supporting storage, exchange, borrowing, settlement, and investment of crypto-assets. WemixFi leverages the Pyth’s low-latency oracles to value all supported assets and ensure that users’ positions as well as the greater protocol remain healthy. WemixFi currently secures north of $90M in value, among over 50,000 users.","Nile and specifically NFTFi is a decentralized protocol that allows you to transform your NFTs into financial products; in other words, users on NFTFi can borrow against their NFTs. Nile is #PoweredByPyth (and specifically using the WEMIX/USD price feed) to ensure that loans and the overall protocol remain well-collateralized and operate smoothly.","For more information about using Pyth data on WEMIX, check out our documentation.","WEMIX3.0 is a high-performance EVM-compatible open source protocol powered by SPoA (Stake-based Proof of Authority) consensus algorithm which is secured by 40 decentralized authority nodes operated by highly-qualified global partners as well as on-chain community DAO (Decentralized Autonomous Organization). It is designed to be a robust and efficient platform-driven & service-oriented public blockchain home to innovative projects and applications built by community members and available to the world.","For more information on WEMIX3.0, please visit their website.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the WEMIX community, you will soon see many more tokens supported on the network as well as WEMIX applications becoming #PoweredByPyth. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on EVM","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/pyth-price-feeds-now-available-on-wemix"},"/blog/new-mdp-mrgn-research":{"version":1,"title":"New Pyth Data Provider: mrgn research - Blog - Pyth Network","description":"Pyth Network expands data offerings with mrgn research’s Solana token price data. Enhancing the Solana DeFi ecosystem with real-time market data.","keywords":"","h1":["New Pyth Data Provider: mrgn research"],"h2":["Who is mrgn research?","Discover More"],"h3":[],"h4":["Similar stories"],"h5":["A New Model for Market Data Distribution: An Executive Conversation with LMAX","OpenYield Joins Pyth, Bringing Firm Bond Pricing to the Network","Euronext FX Joins Pyth: Institutional FX and Precious Metals Data on a Modern Distribution Layer","MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund","B2C2 Joins Pyth Network: Institutional Liquidity Data for the Digital Asset Economy","Pyth Network Partners with Kalshi to Deliver Real-Time Prediction Market Data Onchain"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network expands data offerings with mrgn research’s Solana token price data. Enhancing the Solana DeFi ecosystem with real-time market data.","Data Providers","Aug 21, 2023","We’re pleased to welcome mrgn research, an integrative proprietary trading firm, to the Pyth Network’s data provider community. Through this collaboration, mrgn research will contribute real-time price data for Solana-native tokens to enhance the data offerings of the Pyth Network, especially for the Solana DeFi ecosystem. This is another step towards the network’s goal of delivering the world’s market data on chain.","mrgn research is an integrative proprietary trading firm focused on liquidity provisioning, quantitative trading, and building resilient systems with world-class teams.","The firm builds on backgrounds from the brink of HFT, cyber security, robotics, digital identity, and AI to offer comprehensive coverage across on-chain and off-chain markets.","“We’re proud to partner with Pyth to deliver price feeds to a range of Solana assets”, said MacBrennan Peet, Director of Mrgn Research. “The continued explosion of Solana assets, paired with a strong field of skilled new teams and protocols, gives us ample conviction that Solana’s need for new price feeds will continue to grow. We’re excited for all the emerging partnerships that will bring.”","“We're excited to see mrgn research joining the ever-growing network of Pyth data publishers,” said Marc Tillement, Director of the Pyth Data Association. “We are confident that their on- and off-chain capabilities will bolster Pyth network’s ability to further support and add Solana related assets including liquid staked tokens. We look forward to continuing building with dedicated teams towards making the Pyth Network the leading financial data marketplace.”","Creators and owners of market data such as mrgn research make the Pyth Network possible. Pyth’s data provider community play a critical part in ensuring that global Web2 and Web3 participants have continuous access to robust and reliable price data.","Meet the Pyth Network's data providers","Apply to become a data provider","Learn more about mrgn research","Learn more about Pyth Network","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Aug 20, 2026","Jul 24, 2026","Apr 10, 2026","Nov 20, 2025","Oct 21, 2025","Oct 13, 2025","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/new-mdp-mrgn-research"},"/blog/welcoming-douro-labs-to-the-pyth-network":{"version":1,"title":"Welcoming Douro Labs to the Pyth Network - Blog - Pyth Network","description":"Pyth Network welcomes Douro Labs, a blockchain infrastructure company, to bolster protocol development and ecosystem growth.","keywords":"","h1":["Welcoming Douro Labs to the Pyth Network"],"h2":["A New Core Contributor","Preparing to Support High Throughput DeFi","Get Involved"],"h3":[],"h4":["Similar stories"],"h5":["Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Introducing the New Community Council","Approval of the Price Feed Council | Oct 2024","Approval of Pythian Council | Sep 2024","Where Pyth is Now | Q1 2024","The Launch of the Inaugural Price Feed Council | Mar 2024"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network welcomes Douro Labs, a blockchain infrastructure company, to bolster protocol development and ecosystem growth.","Updates","Aug 28, 2023","Today, we welcome Douro Labs as the newest core contributor to the Pyth Network’s community. Douro Labs is a cutting-edge blockchain infrastructure company that will focus on the acceleration and development of the Pyth protocol and ecosystem.","The Pyth Network has seen tremendous growth since the protocol’s mainnet launch. The network has expanded with a variety of different contributors, including data providers, application users, and infrastructure partners, including timely additions like Douro Labs.","In this blog post, we’ll delve into how Douro Labs will support the Pyth Network in software engineering and infrastructure development, and how they fit into the overall mission. Here at the Pyth Data Association (PDA), we have been committed to advancing the Pyth oracle network’s technological capabilities and ecosystem development.","Since day one, the Pyth Network's mission has been to bring the world's financial data on-chain. Before Pyth Network, smart contract developers were generally restricted to third-party financial data collected from node networks, with compromises on cost, quality, timeliness, and availability.","Pyth Network fundamentally transformed this model with the introduction of a pull oracle design specializing in first-party market data. Today, the network serves high-fidelity prices for over 300 symbols across 30 blockchains, securing over 90% of the addressable market across 10 of them, and facilitating 48% of oracle-supported DEX volume globally.","The Pyth Data Association could not have accomplished this alone. Many talented contributors, in addition to the PDA, have made the Pyth Network possible. The network’s data provider community consists of crypto and traditional exchanges, the world’s top trading firms, and leaders in both traditional and decentralized financial services. Binance, Bybit, Wintermute, Cboe Global Markets, Optiver, LMAX, Susquehanna International Group, and Flow Traders are just some of the household names contributing their valuable data to the network.","Douro Labs is a timely addition to the Pyth Network, as contributors gear up for the growing demands of high-throughput DeFi. Douro Labs brings full-time contributors from Goldman Sachs, BNP Paribas, Amazon Web Services, Jump Crypto, and Chorus One to help build the tooling and infrastructure for the Pyth Network.","The alternative L1 thesis and the rapid adoption of L2/L3’s defined the trajectory of 2023. One could even argue that Solana inspired a paradigm of ultra low-latency blocktimes and high-throughput financial services. dApps will need lower latency access to financial data. Developers need oracles that can scale to the asset classes and blockchains that users want.","To realize this future, Douro Labs will help facilitate a major upgrade to the Pyth Price Feeds. We will share more details of this upgrade—also known as the Perseus Upgrade—in due course. The next stage of the Pyth Network mythos concerns the transition of the oracle network to a fully permissionless mainnet and the deployment of on-chain governance.","The addition of Douro Labs represents the Pyth Network ecosystem’s anticipation of a new era of decentralized finance—an era of high throughput, ultra-low latencies, seamless interoperability, and greater transparency.","We want to thank the contributor community. If you are inspired by the Pyth Network’s journey and wish to contribute, you can explore the Pyth Data Association for ecosystem growth roles and Douro Labs for business and engineering opportunities.","New ways to contribute to the network will continue opening. You can subscribe to the Pyth Network’s official social channels to stay updated.","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Sep 8, 2026","Mar 5, 2025","Oct 26, 2024","Apr 12, 2024","Mar 29, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/welcoming-douro-labs-to-the-pyth-network"},"/blog/developer-release-pyth-on-stacks":{"version":1,"title":"Developer Release: Pyth Price Feeds on Stacks - Blog - Pyth Network","description":"Pyth Network launches low-latency oracles on Stacks, offering developers 300+ price feeds for DeFi apps and smart contracts.","keywords":"","h1":["Developer Release: Pyth Price Feeds on Stacks"],"h2":["Pyth on Stacks","Stacks","Pyth","What’s Next?"],"h3":["Resources"],"h4":["Similar stories"],"h5":["Pyth Infrastructure Supercharges DeFi on Unichain from Uniswap","Pyth Entropy on Tabichain","Pyth Price Feeds on Kakarot","Pyth Price Feeds Launch on Kaia","Pyth Price Feeds Launch on IOTA EVM","Pyth Price Feeds available for Karnot App Chains"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Pyth Network launches low-latency oracles on Stacks, offering developers 300+ price feeds for DeFi apps and smart contracts.","Blockchains","Aug 23, 2023","We’re thrilled to announce the developers' release of Pyth Network’s low-latency oracles on Stacks, a Bitcoin layer that enables decentralized apps and smart contracts. This early access launch is intended for developers to test, explore, and begin integrating their decentralized applications with real-time price data.","This integration provides developers on Stacks permissionless access to 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. ALEX, Arkadiko, Hermetica, and Zest are taking the lead and integrating with Pyth to power their financial services.","This deployment has been made possible thanks to the amazing contributors at Hiro, the developer tools company for Bitcoin layers. We are excited to collaborate with the Stacks ecosystem and see what we can achieve together in the future.","“Bitcoin DeFi is thriving and Hiro is proud to be a part of bringing Pyth to the Stacks ecosystem to help provide developers with the building blocks they need like a powerful oracle,” said Alex Miller, Hiro CEO.","“We're thrilled to contribute to the flourishing landscape of Bitcoin DeFi,” said Marc Tillement, Director of the Pyth Data Association. “Partnering with Hiro to integrate Pyth into the Stacks ecosystem is a testament to our commitment to empower developers with essential building blocks, including a robust oracle solution.”","The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Stacks can permissionlessly access any of the Pyth’s 300+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrency.","ALEX operates as a Bitcoin DeFi protocol. Utilizing Bitcoin for settlement and Stacks for smart contracts, ALEX enables anyone to launch, bridge, trade, and earn seamlessly. At the heart of ALEX lies its dynamic DEX, encompassing both AMM and orderbook functionalities. Catering to both Bitcoin L1 tokens and SIP10 standards.","Arkadiko Finance is a decentralized, non-custodial liquidity protocol for minting stablecoins, earning interest on deposits, and borrowing assets on Stacks.","Hermetica Finance is a protocol for non-custodial structured financial products for Bitcoin. The Hermetica vault uses automated options strategies to generate a risk-adjusted yield on Bitcoin. Hermetica Finance is currently live on Testnet.","Zest is the first Bitcoin native lending protocol that uses smart contracts that create and adjust liquidity pools to fund loans, distribute rewards to BTC liquidity providers, and process withdrawals. Zest is currently in private beta.","For more information about using Pyth Price Feeds, check out the documentation.","Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.","In December 2022, the sBTC whitepaper was released along with plans for the 2023 Nakamoto Release which will bring faster speeds and transactions backed by 100% of BTC security to the Stacks Layer. ‍The launch of sBTC will unlock Bitcoin as a fully programmable, productive asset for countless use cases.","In the Stacks ecosystem, there are currently 30+ companies including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, New Internet Labs, Mechanism, Daemon Technologies, ALEX, Arkadiko, etc.","For more information about Stacks, please visit their website.","The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 25 blockchains securely and transparently.","The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.","In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.","We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.","Now that Pyth has officially joined the Stacks community, you will soon see many more Stacks applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.","Pyth Website","Pyth Docs","Pyth Best Practices","Pyth On-Demand Update","Pythnet","Pyth on Stacks","Pyth Price Feeds IDs","Pyth for Off-Chain Use","Pyth Discord","Pyth Telegram","We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.","Blog","Oct 9, 2024","Jul 17, 2024","Jul 15, 2024","Jun 27, 2024","Jun 12, 2024","Jun 10, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog/developer-release-pyth-on-stacks"},"/success-stories/finazon-publisher":{"version":1,"title":"Finazon: Bridging traditional finance with DeFi","description":"How Finazon monetized its market data in partnership with Pyth Network","keywords":"","h1":["Bridging traditional finance with DeFi","Empowering DeFi with real-time data"],"h2":["Expanding reach and unlocking new opportunities","Key takeaway"],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Finazon monetized its market data in partnership with Pyth Network","Challenge","Finazon aimed to bridge the gap between traditional financial markets and the decentralized finance ecosystem by providing reliable, real-time data. Their goal was to ensure the DeFi space operates with the transparency, accuracy, and reliability expected in traditional finance, contributing to the maturation and growth of the DeFi ecosystem.","Solution","Finazon chose to partner with Pyth Network to meet the growing demand fro high-quality financial data within DeFi. By integrating their data with Pyth's real-time market data platform, Finazon has expanded its influence, ensuring that its data supports a wide array of decentralized finance protocols. This strategic move has enabled Finazon to play a pivotal role in driving greater transparency and efficiency in DeFi markets.","Impact","Finazon and Pyth are working together to bridge traditional finance and decentralized finance by connecting applications on the blockchain directly with high-quality market data. Applications get accurate, low-latency data, while Finazon generates incremental revenue from existing data in a fully compliant and secure manner. Finazon uses Pyth to capitalize on the growing trend of DeFi without having to pick individual winners.","By partnering with Pyth Network, Finazon has joined the world's leading financial institutions to shape digital economies and generate new revenue streams for its business.","This collaboration has not only reinforced Finazon's position as an innovator in financial data, but has also enabled them to gain exposure to a wide range of DeFi applications building the future of finance.","“Working with the Pyth Network team has been a highly productive and collaborative experience. Their dedication to building a robust and reliable data delivery network has allowed us to integrate seamlessly and effectively contribute to the network. This collaboration has not only enhanced the quality of data on Pyth but has also opened up new opportunities for Finazon, solidifying our position as a leader in the financial data space.” — Yury Sokolov, CEO","Through its partnership with Pyth Network, Finazon has been able to monetize their data in new ways and establish strategic partnerships across the industry. The collaboration has resulted in:","Strategic alliances with leading DeFi platforms","New revenue opportunities through premium services","Increased visibility and credibility among institutional clients","Enhanced regulatory compliance and data integrity","By partnering with Pyth Network, Finazon has expanded its reach into the decentralized finance (DeFi) space, meeting the rising demand for high-quality, real-time data.","This collaboration ensures that Finazon’s data is not only accessible to traditional financial institutions but also drives transparency and efficiency in DeFi, reinforcing Finazon’s role in advancing both traditional and decentralized markets.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/finazon-publisher"},"/success-stories/infinex":{"version":1,"title":"Infinex: How Infinex delivered fair gameplay with Pyth Entropy","description":"How Infinex leveraged Pyth Entropy for 400K+ fair, verifiable randomized game interactions on-chain.","keywords":"","h1":["How Infinex delivered fair gameplay with Pyth Entropy"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Base","Entropy","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Infinex leveraged Pyth Entropy for 400K+ fair, verifiable randomized game interactions on-chain.","Supported blockchains","Challenge","Infinex needed a secure and verifiable source of randomness to power game-like mechanics in its Bullrun card game and loot-based Crates campaign. The team sought a scalable solution that ensured fairness and transparency for player rewards.","Solution","By integrating Pyth Entropy on Base and Blast, Infinex secure, fast, inexpensive, and transparent pack-opening mechanics in Bullrun and rewards for Crates. This integration ensured that players experienced fair, randomized access to in-game assets.","Impact","Infinex users completed nearly 400,000 unique randomized interactions across Blast and Base, with each event secured by Entropy. The result: fair, engaging experiences that drove participation and deepened trust in the platform’s game logic.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/infinex"},"/success-stories/synthetix":{"version":1,"title":"Synthetix: How Pyth Made Synthetix Competitive","description":"How Synthetix tapped into Pyth to become competitive with CEX trading.","keywords":"","h1":["How Pyth Made Synthetix Competitive","Synthetix: How to outperform CEXs"],"h2":["Context: Establishing truly competitive on-chain trading","Challenge: Breaking the security, cost, and user experience trilemma","Impact: The SNX ecosystem empowered"],"h3":["Solution: Making Synthetix Perps competitive"],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Optimism","Base","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Synthetix tapped into Pyth to become competitive with CEX trading.","Supported blockchains","Challenge","Synthetix Perps V1 relied on slow oracles, forcing fees over 50bps to prevent front-running—crippling adoption and volume. To compete across DeFi and CeFi, Synthetix needed lower costs, broader asset coverage, and real-time data for a seamless, integrated trading experience.","Solution","Synthetix Perps V2 adopted Pyth's off-chain oracles as its primary data source for matching traders. Pyth's innovative pull oracle design enabled Synthetix Perps to offer some of the lowest taker-maker fees in the market.","Impact","Following SIP-285, Synthetix adopted Pyth as its primary oracle provider—replacing slower legacy systems. This transition fueled exponential growth: trading volume surged tenfold, from $5B to $50B+, unlocking faster execution and broader asset availability for users.","Discover how Pyth powers Synthetix Perps with secure, cost-competitive, and user-friendly trading across Optimism and Base. After implementing Pyth oracles in Perps V2, Synthetix's trading volumes soared from $5B to over $50B in just over a year.","“We've been able to reduce fees to 5 to 10 basis points, been able to increase open interest limits, support 23 markets as of right now…users are getting the best perps trading experience out there, in a fully decentralized and trustless protocol.” — Matt Losquadro, Core Contributor","Perpetual futures have become a core product in crypto markets, attracting users chasing leverage, arbitrage, and exposure to trending assets. In this space, DeFi protocols compete directly with both decentralized and centralized platforms—on fees, liquidity depth, and market breadth.","For Synthetix, success required more than self-custody and on-chain execution. To capture market share, it needed to match CEX-level performance while supporting a wide range of hot and exotic markets. Pyth’s on-demand prices and historical data (Benchmarks) enabled Synthetix to launch Perps V2 with taker-maker fees as low as 2–15bps—unlocking speed, cost-efficiency, and scale across DeFi.","Synthetix faced a core tradeoff between fees and price update latency.","Higher Fees — neutralizes front-running but imposes higher costs on traders.","Lower Fees — necessary for competitiveness and alignment with CEX-style fees.","Price Update Speeds — lower latencies support greater protocol security.","The first iteration of Synthetix Perps utilized legacy push oracles which introduced slow price updates, which opened the protocol up to front-runners. Fees were raised to neutralize this issue, but at the cost of user experience, namely poor pricing for traders. Cost prohibitive fees (50bps and higher) restricted initial adoption of Synthetix Perps.","A shift to the Pyth pull oracle design was proposed: empowering protocol users to request or pull the newest price update on-chain addresses the front-running issues.","Finally, the Synthetix protocol required accurate price reporting to ensure that its perpetual futures trade at prices that truly reflect the markets. This required a reliable source of high-resolution data that matches the price discovery happening in the real world.","The launch of Perps V2 marked a major shift to off-chain pricing with on-chain verification, powered by the Pyth price layer. When a user initiates a trade, a reference price is pulled off-chain using timestamped historical data (Benchmarks). That price is later validated on-chain at execution—enabling both precision and transparency.","This transition eliminated the need for cost-prohibitive fees used to deter front-running in Perps V1. As a result, Synthetix now offers some of the most competitive perps fees in DeFi—ranging from just 2 to 15bps across crypto, forex, and commodity pairs. With Pyth’s low-latency pricing infrastructure, Synthetix Perps V2 delivers a trading experience that rivals centralized platforms while remaining fully on-chain.","Since integrating Pyth and transitioning to off-chain oracles via SIP-285, Synthetix Perps has experienced rapid adoption and protocol growth. Trading volumes surged from $5B to over $40B within twelve months—a 700% YoY increase.","Today, Synthetix Perps offers unmatched capital efficiency, with up to 50x leverage—exceeding the 10–20x ceilings of many competing platforms. Maker-taker fees are as low as 2–15bps for crypto, and just 1–2bps for gold and silver.","The protocol has now fully migrated from legacy oracles, with the Andromeda release launching Synthetix V3 and Perps V3 entirely powered by Pyth. This upgrade brought improved pricing accuracy, MEV-resistant liquidations, cross-margining, and NFT-based account control—cementing Synthetix’s leadership in on-chain derivatives.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/synthetix"},"/success-stories/helix":{"version":1,"title":"Helix: How RWAs became accessible to all via Helix","description":"How Helix leveraged the Pyth price feeds to enable next-generation RWA services.","keywords":"","h1":["How RWAs became accessible to all via Helix"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Injective","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Helix leveraged the Pyth price feeds to enable next-generation RWA services.","Supported blockchains","Challenge","Helix needed access to previously inaccessible data, includinb live prices for major equities and exchange-traded funds (ETFs). While access is paramount, enabling critical financial services for RWAs required reliable, accurate, and ultra low-latency price feeds for these assets.","Solution","Helix leverages Pyth price feeds to power its RWAs markets and ensure that its specialized services such as market indexing is accurate for precise operations and global market participants.","Impact","Since its inception and integration Pyth, Helix has facilitated about $30B in volumes across its wide range of markets. Today, Helix also offers close to 20 real-world asset markets at highly competitive latencies and price fidelity.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/helix"},"/success-stories/hypurrfi":{"version":1,"title":"Hypurrfi: How HypurrFi accelerates yield with Pyth","description":"How HypurrFi trailblazed lending on HyperEVM with USDXL, and launched the first isolated pools.","keywords":"","h1":["How HypurrFi accelerates yield with Pyth"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["HyperEVM","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How HypurrFi trailblazed lending on HyperEVM with USDXL, and launched the first isolated pools.","Supported blockchains","Challenge","As a money-market protocol on HyperEVM, HypurrFi needed accurate pricing for blue chip assets as well as ecosystem tokens like Unit assets (UBTC, UETH…) or others HyperEVM volatile assets.","Solution","HypurrFi integrated Pyth’s Core price feeds to power the minting of its Last USD (USDXL) with HYPE. Subsequently, with the launch of its isolated and pooled markets, HypurrFi needed price feeds for very specific HyperEVM assets like PURR, HFUN and others.","Impact","Since launching on HyperEVM, HypurrFi steadily grew to $200M in value locked across its protocol, with close to $5M of USDXL minted.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/hypurrfi"},"/success-stories/paradex":{"version":1,"title":"Paradex: How Paradex revolutionize your trading experience with Pyth ","description":"How Paradex leverages Pyth feeds, and specifically day-1 listing, to provide a completely new trading experience for users.","keywords":"","h1":["How Paradex revolutionize your trading experience with Pyth"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Paradex Chain","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Paradex leverages Pyth feeds, and specifically day-1 listing, to provide a completely new trading experience for users.","Supported blockchains","Challenge","As a derivative protocol offering products such as perpetuals or options for hundreds of assets to users, Paradex needs not only reliable price feeds but a wide price feeds catalogue to power their various markets","Solution","Paradex integrated with the Pyth Core price feeds to receive sub-second price updates and determine their funding rate.","Impact","Paradex now supports close to 100 perpetual markets and 150 options markets. The protocol has settled close to $70B in trading volume since leveraging the Pyth price feeds","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/paradex"},"/success-stories/morpho":{"version":1,"title":"Morpho: How Morpho vaults use Pyth for secure lending","description":"How Morpho vault curators use Pyth price feeds to support 500+ assets and enable precise DeFi lending strategies.","keywords":"","h1":["How Morpho vaults use Pyth for secure lending"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Ethereum","Base","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","How Morpho vault curators use Pyth price feeds to support 500+ assets and enable precise DeFi lending strategies.","Supported blockchains","Challenge","Vault curators on Morpho needed accurate, trustworthy price feeds to power lending vaults with dynamic risk profiles. To support new tokens and protect against liquidation risk, vault creators required flexible tooling and reliable data.","Solution","Gauntlet and Re7 integrated Pyth’s wide catalog of real-time price feeds to power custom lending strategies. With Pyth data, vault managers can fine-tune parameters and manage risk while supporting emerging assets.","Impact","Morpho vault curators now deploy strategies secured through Pyth’s real-time price data across Ethereum and Base. The deployment of a Pyth price scheduler also simplifies integration, enabling curators to spin up new vaults efficiently and securely.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/morpho"},"/success-stories/how-coinbase-scales-multi-asset-infrastructure-with-pyth-pro-x":{"version":1,"title":"Coinbase: How Coinbase Scales Multi-Asset Infrastructure with Pyth Pro X","description":"Coinbase uses Pyth Pro X as a unified, low-latency pricing layer across crypto, equities, and FX, replacing fragmented traditional vendors to power real-time pricing, collateral valuation, and liquidations at exchange scale.","keywords":"","h1":["How Coinbase Scales Multi-Asset Infrastructure with Pyth Pro X"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Coinbase uses Pyth Pro X as a unified, low-latency pricing layer across crypto, equities, and FX, replacing fragmented traditional vendors to power real-time pricing, collateral valuation, and liquidations at exchange scale.","Challenge","Operating a global, high-throughput exchange requires a pricing layer that can handle extreme volatility across multiple asset classes simultaneously. Traditional market data infrastructure is often plagued by fragmented vendors, restrictive redistribution licenses, and \"exchange fees\" that slow down the launch of new products like equity perpetuals or complex cross-margin frameworks. For a leader like Coinbase, maintaining regulatory compliance while scaling to meet institutional demand for depth and liquidity requires a data foundation that is as borderless as the markets themselves.","Solution","Coinbase integrated Pyth Pro X, an institutional market data subscription purpose-built for exchange workflows. In doing so, Coinbase gains access to over 3,000 real-time price feeds with 96%+ accuracy relative to the NBBO. Pyth Pro X sits at the center of the exchange stack, powering everything from real-time asset pricing and collateral valuation to high-stakes liquidation engines. This unified layer allows Coinbase to support crypto, equities, and FX within a single, scalable integration.","Impact","Unified Modern Infrastructure: Enables the seamless launch of new symbols and asset classes without rebuilding core systems.","Institutional Precision: With sub-100ms latency and data sourced directly from the world’s leading market participants, Coinbase delivers the high-fidelity pricing required for professional-grade risk management.","Regulatory & Operational Efficiency: Pyth Pro X removes the \"vendor lock-in\" and redistribution barriers typical of traditional finance, helping Coinbase to accomplish its goals of operating in a compliant manner while scaling region-specific solutions globally.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-coinbase-scales-multi-asset-infrastructure-with-pyth-pro-x"},"/success-stories/how-euronext-fx-sets-the-global-standard-for-programmable-currency-data":{"version":1,"title":"Euronext FX: How Euronext FX Sets the Global Standard for Programmable Currency Data","description":"Euronext FX is publishing its proprietary FX and metals data through Pyth Pro, distributing directly to 100+ blockchains and 700+ applications via one integration. The move bypasses traditional vendor repackaging, giving Euronext FX direct source distribution, retained control over its data, and reach into 24/7 global markets — and signals a broader institutional shift toward open, programmable market data infrastructure.","keywords":"","h1":["How Euronext FX Sets the Global Standard for Programmable Currency Data"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","Euronext FX is publishing its proprietary FX and metals data through Pyth Pro, distributing directly to 100+ blockchains and 700+ applications via one integration. The move bypasses traditional vendor repackaging, giving Euronext FX direct source distribution, retained control over its data, and reach into 24/7 global markets — and signals a broader institutional shift toward open, programmable market data infrastructure.","Challenge","For decades, the $50 billion market data industry has largely operated through restrictive \"vendor-first\" models. Institutions would generate high-value price discovery, which is then often purchased, repackaged, and redistributed by third-party vendors through closed, opaque infrastructure. This system has limited data owners’ control over their intellectual property and led end-users to rely on fragmented, non-programmable data sources. For a global leader like Euronext FX, this presented an opportunity to identify a distribution channel that offered global reach without sacrificing data integrity or source attribution.","Solution","Euronext FX is working with Pyth to publish its proprietary market data through Pyth Pro. This model enables Euronext FX to distribute its high-quality institutional pricing for global currency and metals markets directly to a network spanning over 100 blockchains and 700 applications. Unlike traditional models, Pyth’s infrastructure enables them to tap into the burgeoning ecosystem of autonomous finance and onchain markets through one simple integration.","Impact","Establishment of a New Standard: By publishing through Pyth, Euronext FX is helping establish a unified, transparent, and programmable market data standard that meets the needs of 24/7 global markets.","Direct Source Distribution: The integration fulfills the industry's need for a modern model where data flows directly from the source to the user, bypassing traditional gatekeepers.","Institutional Reach & Control: Euronext FX leverages Pyth’s high-performance delivery network to extend its reach into new, decentralized financial markets while setting its own terms for distribution.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-euronext-fx-sets-the-global-standard-for-programmable-currency-data"},"/indices/interest-submitted":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Thank you for your interest"],"h2":[],"h3":[],"h4":[],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","You’re one step closer to accessing real-time market intelligence across global markets. Our team will be in touch shortly.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/indices/interest-submitted"},"/success-stories/how-sgx-fx-anchors-global-liquidity-with-institutional-benchmarks-via-pyth":{"version":1,"title":"SGX FX: How SGX FX Anchors Global Liquidity with Institutional Benchmarks via Pyth","description":"A Singapore Exchange subsidiary uses the Pyth Data Marketplace to distribute FX composite pricing aggregated from four global liquidity hubs, making institutional-grade FX data programmable and accessible across the onchain ecosystem.","keywords":"","h1":["How SGX FX Anchors Global Liquidity with Institutional Benchmarks via Pyth"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Data Marketplace","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","A Singapore Exchange subsidiary uses the Pyth Data Marketplace to distribute FX composite pricing aggregated from four global liquidity hubs, making institutional-grade FX data programmable and accessible across the onchain ecosystem.","Challenge","The global FX market processes over $9 trillion in daily volume, yet it remains one of the most fragmented asset classes. High-fidelity benchmarks for spot, NDFs, and forwards are traditionally siloed within regional hubs like Singapore, London, and New York. For developers building the next generation of cross-border settlement and DeFi protocols, accessing a \"market-neutral\" mid-rate that reflects true institutional liquidity, rather than fragmented indicative quotes, has been a major barrier to institutional-grade innovation.","Solution","SGX FX, a subsidiary of the Singapore Exchange (SGX Group), has joined the Pyth Data Marketplace to distribute its proprietary FX composite benchmarks. This integration brings institutional-grade pricing for 74 currency pairs across 40+ tenors directly onto the Pyth Network. By aggregating liquidity from four discrete global geographies (Singapore, Tokyo, London, and New York), SGX FX provides a transparent, market-neutral reference rate that is now accessible across 114+ blockchains and 720+ applications through a single, programmable integration.","Impact","Asian Liquidity Leadership: SGX FX’s participation brings one of Asia’s most trusted benchmark platforms into the Pyth ecosystem, bridging the gap between Eastern liquidity hubs and global onchain markets.","Programmable FX Benchmarks: Developers can now build risk systems, settlement layers, and analytics platforms on a foundation of verified, institutional-grade FX data that is \"always on.\"","Market-Neutral Transparency: By providing a mid-rate aggregated from real institutional activity, SGX FX significantly reduces the regional price discrepancies that often plague fragmented FX markets, enabling more efficient price discovery.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-sgx-fx-anchors-global-liquidity-with-institutional-benchmarks-via-pyth"},"/success-stories/how-bitmex-built-its-rwa-derivatives-stack-with-pyth-pro-x":{"version":1,"title":"BitMEX: How BitMEX Built Its RWA Derivatives Stack with Pyth Pro X","description":"BitMEX uses Pyth Pro as the single data layer behind its equity, commodity, and FX perpetual swaps, replacing what would traditionally require separate vendors for each asset class.","keywords":"","h1":["How BitMEX Built Its RWA Derivatives Stack with Pyth Pro X"],"h2":[],"h3":[],"h4":["Success Stories","How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro"],"h5":[],"h6":["Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Back","BitMEX uses Pyth Pro as the single data layer behind its equity, commodity, and FX perpetual swaps, replacing what would traditionally require separate vendors for each asset class.","Challenge","Any venue offering Real World Asset derivatives faces a structural problem. Each asset class traditionally requires its own data pipeline, its own redistribution agreements, and its own integration work. Equities pricing comes from one vendor stack. FX pricing comes from another, sourced across a fragmented network of bank desks and ECNs with no consolidated tape. Maintaining parallel pricing stacks creates operational drag, increases failure surfaces during 24/7 trading, and slows the launch of every new product.","Solution","BitMEX runs its TradFi derivatives with Pyth Pro X as the foundational pricing layer. Their equity perps, commodity perps, and FX perps across G10 majors and crosses are priced through a single integration. Pyth Pro sources data directly from the trading firms, exchanges, and market makers that set prices in each market, delivered through one API with consistent formatting across asset classes. Mark prices, funding rates, and collateral valuations for the entire RWA book flow through the same infrastructure.","Impact","Unified TradFi pricing. Equities, commodities and FX are valued through one API, simplifying mark price calculation and collateral valuation across the RWA book.","Real-time risk frameworks. First-party FX pricing sourced from institutional flow keeps mark prices and liquidations precise during fast-moving sessions, including the gaps between regional FX trading hours when liquidity thins.","Scalable market expansion. Adding new asset classes does not require new data agreements, redistribution audits, or new pricing pipelines. Every RWA market sits on the same integration.","Infrastructure","Derivatives","Prediction Markets","Request a story","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories/how-bitmex-built-its-rwa-derivatives-stack-with-pyth-pro-x"},"/mediaroom/research":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["State of Pyth Network Q1 2025"],"h2":[],"h3":[],"h4":[],"h5":["State of Pyth Network Q1 2025","State of Pyth Network Q4 2024","State of Pyth Network Q3 2024","Deep Dive into Pyth Network","State of Pyth Network Q2 2024","Pyth Network: Compounding Advantages and New Markets"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Media Room","News","Videos","Podcasts","Research","Featured Research","Apr 2, 2025","Read on Messari","Messari","May 21, 2025","Mar 10, 2025","Nov 20, 2024","VanEck","Nov 5, 2024","Jul 26, 2024","Blockworks","May 30, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/mediaroom/research"},"/marketplace":{"version":1,"title":"Pyth Data Marketplace","description":"Distribute and monetize proprietary datasets globally through a single, secure integration.","keywords":"","h1":["One Integration, Global Distribution","Specialized datasets are already available through Data Marketplace","Your data deserves a global audience","Any Dataset, Any Market","Your Data. Global Reach. One Integration."],"h2":[],"h3":["EDI","SGX FX","Tradeweb"],"h4":["The same infrastructure behind $3T+ in secured volume.","Full control over access, pricing, and attribution.","Simple and scalable distribution.","Expand your reach and monetization with ease.","Event Market Pricing","Corporate Actions & Reference Data","Fixed Income / iNav","Economic Indicators","FX Composite Benchmarks","OTC Derivatives Pricing","Testimonials"],"h5":["Blue Ocean","Fenics","Exchange Data International (EDI)","SGX FX","Tradeweb","OtC Markets","U.S. Department of Commerce","Kalshi","You create data that can power markets, research, and decisions.","Pyth Data Marketplace connects your datasets to builders and applications across 100+ blockchains.","Unlock new value through Pyth’s trusted infrastructure while distributing securely, and preserve ownership.","Jonathan Bloch","Jean-Philippe Male","Michael Zaladonis"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Marketplace","Distribute your proprietary datasets globally across applications, enterprises, and blockchains through a single, secure integration.","List a Dataset","Use a Dataset","Distribution","Battle-Tested Infrastructure","Enterprise-grade reliability, verifiable security, and transparent access controls already trusted by 125+ institutions.","Your Data, Your Rules","Your data remains unaltered. You set permissions. Pyth handles secure delivery.","Modern Data Infrastructure","Connect once. Never worry about distribution, entitlements, or delivery. No new infrastructure required.","Instant Access to New Audiences","Your data can be used across blockchains, analytics platforms, and next-gen financial applications.","Corporate actions data is foundational to market integrity. By making our datasets available through Pyth Network, we’re helping ensure that onchain financial markets can rely on the same authoritative corporate actions data used across traditional finance.","CEO","We are committed to upholding the highest standards of transparency and integrity through our SGX FX benchmarks. Contributing this critical pricing data to the Pyth Network is a deliberate step towards accelerating real-time, decentralized finance, ensuring the ecosystem is built on a foundation of trusted, institutional-grade data.","“At Tradeweb, we are seeing growing demand for more timely and accessible ETF data. By publishing our iNAVs to the Pyth Network, we are exploring how onchain infrastructure can extend the reach of high-quality, intraday valuations to a broader set of market participants. This complements existing distribution channels and reflects a shift toward more open, scalable and programmable access to market data,”","Global Head of Data Products and Analytics","Data Marketplace","List your dataset on the Pyth Data Marketplace and reach developers, builders, and enterprises across 100+ blockchains and traditional workflows.","The Price of Everything","Price Feeds","Indices","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/marketplace"},"/events":{"version":1,"title":"Global Events | Pyth Network","description":"Discover Pyth events around the world. Connect with the community through local meetups and stay engaged. Find an event near you.","keywords":"","h1":["Pythian World 2025: Tokyo"],"h2":[],"h3":["Pythian World 2025: Warsaw","Solana Summit APAC 2025","Pythian World: Lisbon 2025","Pythian World: Kyiv","Pythian World: New York","Solana Accelerate | Pyth Keynote","Solana Accelerate | Wormhole Summit"],"h4":["Global moments, local vibes"],"h5":[],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","featured event","​Find your people. Make real impact.","​From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all.","​Come and enjoy the night with us — love, warm, good vibes only.","Aug 15, 2025, 6:00 PM","—","Aug 15, 2025, 10:00 PM","Tokyo, Japan","See details","Explore events","Welcome to Pythian World 2025: Warsaw","​Find your people. Make real impact. From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all. Come and enjoy the night with us — love, warm, good vibe only.","Sep 5, 2025, 6:00 PM","Sep 5, 2025, 10:00 PM","Warsaw, Poland","Designed to drive forward thinking discussions and collaborations, Solana Summit APAC is a pivotal gathering for shapping the future of decentralized technologies in the a Asia-Pacific region. Solana Summit APAC 2025 is designed to unite the best of best of the Solana Community in the Asia Pacific for three days to code, connect, collaborate & conquer.","Jun 5, 2025, 12:00 AM","Jun 7, 2025, 12:00 AM","Da Nang, Vietnam","Welcome to the Pythian World 2025: Lisbon Find your people. Make real impact. From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all. Come and enjoy the night with us — love, warm, good vibe only.","Lisbon, Portugal","Welcome to the Pythian World 2025: Kyiv Find your people. Make real impact. From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all. Come and enjoy the night with us — love, warm, good vibe only.","May 24, 2025, 12:00 AM","Kyiv, Ukraine","Welcome to the Pythian World 2025: New York Find your people. Make real impact. From major conferences to city meetups, Pythian World brings the unique Pyth community on a game-changing mission: making finance faster, smarter, and open to all. Come and enjoy the night with us — love, warm, good vibe only.","May 23, 2025, 12:00 AM","New York, USA","Tech, Finance, and Policy are Changing. Accelerate is an event where business, policy, and crypto leaders collaborate to write the next chapter of blockchain in America.","May 22, 2025, 12:00 AM","Get ready to level up your game at Scale or Die: Wormhole Summit! Join the Wormhole Foundation team at Convene Brookfield Place for a curated day of workshops, panels, and all things Wormhole. Whether you’re a builder, a curious explorer, or just here for the vibes, there’s something for everyone.Don’t miss this chance to connect, collaborate, and expand your knowledge. We look forward to seeing you there.","May 20, 2025, 10:45 AM","May 20, 2025, 3:15 PM","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/events"},"/success-stories":{"version":1,"title":"Success Stories | Pyth Network","description":"See how real teams integrate with Pyth to drive performance, reliability, and innovation across markets.","keywords":"","h1":["Solving real problems for real builders","Trusted by institutions Used by everyone","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro","Real impact","Quick reads"],"h2":[],"h3":[],"h4":["How Kraken Brings 24/7 Oil Perpetuals to Kraken Pro with Pyth Indices","How dYdX Powers Always On Derivatives with Pyth Indices","How Fenics Market Data Extends Institutional OTC Pricing Through Pyth","Exploring the Future of Market Data Distribution with LMAX","Jupiter Predict uses Pyth Pro to power its BTC and SPCX markets","How Kalshi Modernizes Commodity Resolution with Pyth Pro","How Polymarket Builds Trust in Prediction Markets with Pyth Pro","How Tradeweb Brings Benchmark Government Bond Pricing to the Pyth Data Marketplace","How OpenYield Strengthens US Treasury Pricing on Pyth Pro","How Hyperliquid Became the World's 24/7 Macro Trading Venue with Pyth","How dYdX Powers Always-On Derivatives with Pyth Indices","How Coinbase Derivatives Launches 24/7 Thematic Equity Futures with Pyth and MarketVector","How SGX FX Anchors Global Liquidity with Institutional Benchmarks via Pyth","How BitMEX Built Its RWA Derivatives Stack with Pyth Pro X","How Coinbase Scales Multi-Asset Infrastructure with Pyth Pro X","How Euronext FX Sets the Global Standard for Programmable Currency Data","How Morpho vaults use Pyth for secure lending","How HypurrFi accelerates yield with Pyth","How Infinex delivered fair gameplay with Pyth Entropy","How Paradex revolutionize your trading experience with Pyth","How RWAs became accessible to all via Helix","How Pyth Made Synthetix Competitive","Bridging traditional finance with DeFi"],"h5":[],"h6":["Data Marketplace","Indices","Pyth Pro","Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Success stories","Industry pioneers rely on Pyth’s data to offer world-class experiences for users. These are their stories.","Read stories","Integrate","featured stories","Check out success stories from real people using Pyth data to make financial markets more performant and accessible for everyone.","Infrastructure","Data Services","A major stream of dealer-to-dealer OTC pricing is now available in rails built for continuous markets and programmable applications. Fenics’ contribution expands Pyth’s fixed income coverage and makes high-signal institutional pricing easier to integrate into modern financial software.","Read","Prediction Markets","24/7 Market Integrity: By using Pyth, Kalshi can support accurate and transparent contract resolution at any hour of the day, including outside traditional exchange hours.","Institutional Standard: The collaboration establishes a new benchmark for prediction market infrastructure, moving away from ad hoc or manual resolution toward automated, source-driven data.","Scalable Asset Coverage: The integration provides a blueprint for Kalshi to expand beyond commodities into equities, FX, and indices, using a single, unified data layer that is already trusted by the world's largest financial institutions.","Institutional Data: Polymarket uses real-time Pyth Pro pricing contributed by institutional publishers to support its traditional-asset prediction markets.","Cross-Asset Coverage: The integration demonstrates Pyth Pro’s coverage beyond crypto, supporting prediction markets tied to commodities and mega-cap technology stocks such as TSLA and NVDA.","Continuous Visibility: Polymarket gives participants continuous visibility into the Pyth data supporting these markets through live price charts and access to historical information.","Derivatives","RWAs","Structured Products","DEX","CEX","Wallet","Borrow-Lending","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/success-stories"},"/blog":{"version":1,"title":"Blog | Pyth Network","description":"Stay updated on major announcements, partnerships, and ecosystem milestones from the Pyth Network.","keywords":"","h1":["RWA Perp Report: August 2026"],"h2":[],"h3":[],"h4":[],"h5":["HIP-4 and the Permissionless Era of Outcome Markets","Built for the next 50 billion market data users","Pyth Pro and Pyth Indices Bring 24/7 Pricing to Stellar’s $4B RWA Ecosystem","Tokenized Money Needs a Price Layer","RWA Perp Report: August 2026","Pyth Terminal is the front door to an API-first market"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","featured article","Sep 7, 2026","News","August RWA perp volume hit $751.9B, up 6.2% from July. Memory reversed, Korea paused, MRNA listed in hours — and Pyth priced 96.27% of it.","Read","Education","Sep 10, 2026","Learn how Hyperliquid’s HIP-4 standardizes outcome markets and why precise, time-specific market data matters for clear, reliable settlement.","Sep 9, 2026","AI agents are becoming the next major market data users. Learn why autonomous finance needs real-time, machine-ready data.","Updates","Sep 8, 2026","Pyth Pro and Pyth Indices are now live on Stellar, bringing low-latency, 24/7 pricing to tokenized real-world assets and DeFi applications.","A short read on Celent's latest analysis, and how Pyth is already addressing what it points to.","Sep 3, 2026","Market data is becoming API-first. Learn how Pyth Terminal and Pyth Pro give humans and AI agents programmatic access to the price of everything.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/blog"},"/mediaroom/videos":{"version":1,"title":"Pyth Network — The Price of Everything","description":"Secure your smart contracts with reliable, low-latency market data from institutional sources.","keywords":"","h1":["Finance's Best-Kept Secret: Market Data Powers Everything"],"h2":[],"h3":[],"h4":[],"h5":["Finance's Best-Kept Secret: Market Data Powers Everything","Interview with Pyth Network Founder","The Global Financial Market Doesn't Exist: Pyth is Rewriting the Market Data Economy","Live from EthCC Brussels: Marc Tillement Discusses Pyth Network's DeFi Oracle Solutions","Data On-Chain & Interoperability (Interview with Marc Tillement)","Aurora Cloud Oracles and Pyth Network Webinar"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Media Room","News","Videos","Podcasts","Research","Featured Video","Apr 2, 2025","Watch on","Video","Pyth Network","May 30, 2025","Dynamo DeFi","Apr 23, 2025","Mar 23, 2025","Blockster","Jul 16, 2024","The Big Whale","Jul 2, 2024","Aurora","Jun 13, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/mediaroom/videos"},"/mediaroom":{"version":1,"title":"News & Updates | Pyth Network","description":"Stay up-to-date on the latest crypto trends, blockchain news, and financial innovation with Pyth Network.","keywords":"","h1":["Scale is the Name of the Game for Pyth’s Onchain Data"],"h2":[],"h3":[],"h4":["News","Videos","Podcasts","Research"],"h5":["Scale is the Name of the Game for Pyth’s Onchain Data","Pyth Network Brings Hong Kong Stock Prices Onchain for Global Access","xStocksFi Joins Forces with Pyth Network to Power Real-Time Market Price Data on Tokenized Stocks","Pyth Is First to Offer Real-Time ETF Price Feeds On-Chain","Integral Is Bringing Banks' FX Data to the Blockchain in Partnership with Pyth Network","Pyth Launches New Oracle ‘Lazer’ to Offer Price Feeds to Latency-Sensitive Apps","Finance's Best-Kept Secret: Market Data Powers Everything","The Global Financial Market Doesn't Exist: Pyth is Rewriting the Market Data Economy","Live from EthCC Brussels: Marc Tillement Discusses Pyth Network's DeFi Oracle Solutions","Data On-Chain & Interoperability (Interview with Marc Tillement)","Interview with Marc Tillement | Paris Blockchain Week 2024","Why Everything Will Trade 24/7: Pyth’s Mission to Bring TradFi On-Chain","Market Minds: David Mercer, CEO of LMAX","Pyth: Making The Price of Everything, Available Everywhere","Pyth Network Interview: Future of Oracles","State of Pyth Network Q1 2025","Deep Dive into Pyth Network","Pyth Network: Compounding Advantages and New Markets"],"h6":["Products","Partners","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Featured News","Sep 5, 2025","Read on Markets Media","Pyth Network: Dominating DeFi with Oracle Technology and Crypto Innovation","Podcast","Scale is the Name of the Game for Pyth’s Onchain Data","News","marketsmedia.com","Why Everything Will Trade 24/7: Pyth’s Mission to Bring TradFi On-Chain","smarteconomypodcast.com","Pyth Network Brings Hong Kong Stock Prices Onchain for Global Access","cointelegraph.com","From Single-Purpose to General-Purpose: Pyth's Role in the Evolution of DeFi and Real-Time Finance","web3-insights.com","Recent news about Pyth Network and partnerships","Show all","Markets Media","Cointelegraph","Jul 29, 2025","Blockchain Reporter","Jul 8, 2025","etf.com","Jun 10, 2025","Finance Magnates","May 8, 2025","The Block","Jan 16, 2025","Pyth Network","May 30, 2025","Mar 23, 2025","Blockster","Jul 16, 2024","The Big Whale","Jul 2, 2024","Web3TV","Apr 16, 2024","Smart Economy Podcast","Jul 31, 2025","May 22, 2025","The Edge Podcast","Feb 8, 2025","Coin Bureau","Dec 11, 2024","Messari","May 21, 2025","VanEck","Nov 5, 2024","Blockworks","May 30, 2024","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","Documentation","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/mediaroom"},"/price-feeds":{"version":1,"title":"The Price of Everything | Pyth Network","description":"Get secure, real-time price feeds from real markets—crypto, equities, FX, and more—delivered directly to every smart contract, anywhere. The price layer starts here.","keywords":"","h1":["Your market data advantage","Market data that enables you to move before the market","Farm-to-table data","3,059","+","1,000+","$2.3T+ USD","Compare Plans","Specialized datasets are already available through Data Marketplace","Verifiable market data","Directly from institutions","The secret weapon of trading firms","One integration, endless coverage","Simple integration at your fingertips","Reliable. Real-time. SecureGet the edge you deserve"],"h2":[],"h3":["Jump Trading Group"],"h4":["Asset Classes","Data sources","Global Price Layer","Applications","Publishers"],"h5":["Commodities","Crypto","Crypto Indices","Crypto Redemption Rate","Economic","Equities","FX","Metals","NAV","Rates","Blue Ocean","Fenics","Exchange Data International (EDI)","SGX FX","Tradeweb","OtC Markets","U.S. Department of Commerce","Kalshi","Secure","Compliant","Transparent","Quick start"],"h6":["Traders","Exchanges","Institutions","Banks","Governments","Price Feeds","Partners","Volume Secured","Risk models & analytics","Clearing & settlement systems","Government regulatory and compliance workflows","Accounting & reporting tools","Display monitors","Historical research","Performance","Coverage","Licensing & support","Disclaimer","Trademark Disclaimer","Products","Ecosystem","Developers","Community","Resources"],"p":["Products","Partners","Ecosystem","Developers","Community","Resources","Pyth Terminal","Specialized Market Data","Connect to the first market data network built by and for institutions. No exchange fees. No geographic restrictions. Just pure, real-time data on your terms.","Free Trial","Pricing","US2Y %","US10Y %","US30Y %","ACRED","/","USD","XAU","XAG","XPD","XPT","JPY","EUR","GBP","AUD","CAD","CHF","CNH","KRW","MXN","AAPL","AMZN","MSFT","KO","JNJ","STETH","MSOL","wstETH","FEATURED DATA PROVIDERS","PRICE OF EVERYTHING","Turn market data into your edge. Pyth taps directly into price discovery—from exchanges, trading venues, and market makers—to deliver the price of everything, everywhere.","Real-time prices for oil, gas, and other essential commodities.","UKOILSPOT","USOILSPOT","Live prices for major cryptocurrencies and tokens.","BTC","ETH","PYTH","HYPE","SOL","USDC","UNI","OP","ARB","ATOM","APT","SUI","USDT","BNB","XRP","ADA","DOGE","AAVE","NEAR","Indexed crypto prices tracking groups of digital assets.","GMCI30","Redemption rates for wrapped and synthetic crypto assets.","BNSOL","Trusted benchmarks and macroeconomic indicators.","GDP %","WAGEGROWTH %","CPIINDEX","Stock prices from global equity markets.","Foreign exchange rates for global currency pairs.","Prices for gold, silver, and other precious metals.","Net Asset Values for funds and ETFs.","Interest rates and yield benchmarks.","Pure Market Data","Source your market data directly from the top traders and institutions in the world.","Simple Pricing Structures","Market data should work for you, not against you. What you see is what you get.","Schedule demo","Free","Every asset at 10s update frequency","$0","/mo","Sign up in Terminal","10 second update frequency","Over 99.99% uptime","Full historical data and resolution","View-only access to all symbols","Global coverage across asset classes and geographies","View-only access through Pyth Terminal (no API permissions)","No display, non-display, or redistribution rights","Community support only","Pyth data is distributed through authorized Pyth Data Distributors.","Starter","Crypto data at 1s update frequency","$500","*","Subscribe in Terminal","Up to 1 second update frequency","Access to all crypto symbols","New symbols added frequently","Same day listing of new assets","API key access","Display rights","No redistribution rights","General support available","Pro","All data at real-time update frequencies","Starting at","$2,500","Start your free trial","Up to 1ms update frequency","Over 95% accuracy vs NBBO","Access to all symbols (equities, futures, commodities, rates, crypto, & more)","Customize your plan by asset class","New symbols added weekly","Display and non-display rights","Limited redistribution rights","Enterprise support and SLAs","* Prices shown are exclusive of any applicable taxes.","first-party data","Not all data is created equal. Pyth sources prices directly from financial institutions to deliver unmatched accuracy and transparency.","Become a Publisher","Learn more","138+","Explore","Trusted by Institutions","From setting the price on billion-dollar deals to powering ticker displays on trading floors, Pyth is powering the middle and back offices of global institutions.","We’re proud to be long-term supporters of Pyth, which has developed one of the most comprehensive and valuable sources of market data ever created. Pyth Pro makes that data accessible to more consumers, including traditional financial firms, and brings competition to the market data economy by providing the purest form of data directly from the source.","Global Market Data","Pyth covers a broad range of asset classes and markets, with new symbols added weekly. One data layer, one price, and one comprehensive view across markets.","Cryptographically signed, tamper-proof updates from trusted institutions.","IFRS","13","Designed to align with IFRS 13 fair-value principles, benchmarked against NBBO.","Clear sourcing, open aggregation, and traceable methodologies.","developers","Implement real-time pricing in minutes with these pre-built examples.","Get started","Documentation","EVM","SVM","Aptos","Sui","Off-Chain","get started","Start building with Pyth today. Explore the docs or visit Insights Hub to access reliable, real-time data for your applications.","Apple Inc","AMAZON.COM, INC.","US GROSS DOMESTIC PRODUCT RATE - CURRENT","US DOLLAR / JAPANESE YEN","GOLD / US DOLLAR","Bitcoin","Ethereum","Pyth Network","Hyperliquid","Solana","Pyth Price Feeds are provided on an \"AS IS,\" \"WITH ALL FAULTS,\" and \"AS AVAILABLE\" basis, without any warranties or representations of any kind. Please read the following important disclaimer before using them. Read disclaimer","This website may display ticker symbols, product names, and other identifiers that are trademarks, service marks or trade names of third parties. Such display is for informational purposes only and does not constitute any claim of ownership thereof by Pyth Data Association or any of its subsidiaries and other affiliates (collectively, “Association”) or any sponsorship or endorsement by Association of any associated products or services, and should not be construed as indicating any affiliation, sponsorship or other connection between Association and the third-party owners of such identifiers. Any such third-party identifiers associated with financial data are made solely to identify the relevant financial products for which price data is made available via the website. All trademarks, service marks, logos, product names, trade names and company names mentioned on the website are the property of their respective owners and are protected by trademark and other intellectual property laws. Association makes no representations or warranties with respect to any such identifiers or any data or other information associated therewith and reserves the right to modify or remove any such displays at its discretion.","The Price of Everything","Price Feeds","Indices","Marketplace","Entropy","Publishers","Applications","Success stories","Staking","Network KPIs","API Reference","Tutorials","Community Hub","Events","DAO Forum","Blog","Newsroom","Legal","Brand Kit","© 2026 Pyth Data Association","Privacy Policy","Terms of Use","Trademark Disclaimer"],"codeblock":[],"url":"/price-feeds"}}