The Pyth Network has announced the release of its highly-anticipated W/USD and USDB price feeds across more than 50 blockchains. The introduction of these new offerings further solidifies Pyth’s position as a leading provider of real-time, reliable data feeds for the decentralized finance (DeFi) ecosystem.
The W/USD price feed tracks the value of $W, the governance token of Wormhole, a prominent interoperability platform specializing in multi-chain bridges and applications. Unlike many other oracles in the market, Pyth’s solution stands out for its speed and efficiency in delivering accurate price feeds across multiple blockchains.
“Another instance of Pyth answers the call of DeFi and releases super hot price feeds across multiple blockchains extremely quickly, unlike other oracles,” the company stated in its announcement. With its robust infrastructure and commitment to interoperability, Pyth is well-positioned to lead the way in providing essential financial tools for the next generation of blockchain applications.
In addition to the W/USD price feed, Pyth has also rolled out price feeds for USDB, the native stablecoin of Blast, a layer 2 network. USDB is designed to automatically release externally owned accounts (EOAs) and smart contracts, providing a seamless and efficient means of value transfer across decentralized applications.
Unprecedented Access to Data Feeds
Both the W/USD and USDB price feeds are now accessible on 50 different blockchains, offering developers a wide range of options for integrating these essential financial tools into their projects. As the demand for reliable and timely data continues to grow, Pyth Network’s latest offerings are poised to play a pivotal role in shaping the future of decentralized finance.
In related news, Pyth recently achieved another significant milestone by integrating its oracle into Merlin Chain, a state-of-the-art Bitcoin Layer 2 solution. Merlin Chain distinguishes itself by incorporating a ZK-Rollup network, a decentralized oracle network, and on-chain BTC fraud-proof modules. The integration of Pyth’s price feeds into Merlin Chain amplifies the platform’s capabilities.
It makes it a more versatile and robust solution for managing Bitcoin’s native assets and applications. With Pyth Price Feeds now operational on Merlin Chain, developers can access over 400 immediate, low-latency data feeds across both the crypto and traditional financial sectors. This vast array of data supports a wide range of smart contract applications, including derivatives trading, perpetual futures, and decentralized borrowing and lending services.
The integration of Pyth’s oracle into Merlin Chain marks a significant step forward for both companies, as well as the broader DeFi ecosystem. It offers developers unprecedented access to real-time data, enabling them to create more innovative and efficient solutions for the rapidly evolving financial landscape.
