The Most 4 Recent Updates From Oracle Project Pyth Network (PYTH)

Pyth Network, an Oracle Project officially welcomed its 100th on-chain integration partner earlier this month, furthering its goal of cross-chain scaling and powering numerous protocols. The following are the most recent updates to the Pyth ecosystem.

Oracle introduces a new pricing strategy.

Pythnet, a highly accurate and scalable price feed, was just introduced. Pythnet is intended to be a revolutionary on-demand pricing update mechanism that avoids earlier designs’ performance-limiting cost trade-offs. Pythnet regularly updates prices, once per second, for thousands of price feeds across an infinite number of blockchains.

An empirical study found that Oracle reduces price monitoring errors by 5-10 times when compared to competitor oracles.

Collaboration with the KuCoin Community Chain (KCC)

Pyth Network is happy to empower the KCC ecosystem builders thanks to the support of Wormhole and many other organizations in the ecosystem. Pyth’s stock, commodity, forex (FX), and cryptocurrency price feeds can be used directly by any of the tools described above.

Pyth is thrilled to welcome a new data publisher to begin publishing on the Kucoin Community Chain: MojitoSwap is the main DEX on KCC, and it is joined by two new data users: Torches, KCC’s flagship lending protocol, and KuSwap, an AMM on KCC.

Superteam presents the Solana DeFi Workshop.

Pyth is thrilled to host the Solana DeFi workshop and to continue its commitment to constructing the financial infrastructure of the future.

Users can join Pyth and Superteam today, December 19, to obtain a complete view of what the platform will do. 

Collaborate with BitMart.

BitMart, a digital asset trading platform, has joined Pyth. BitMart will donate its trading market data to the Pyth network as part of the cooperation, delivering more vital information to the DeFi and Web3 ecosystems. BitMart will also investigate the physics and applications of Pyth feeds for its clients.

BitMart ranks highly among the top crypto exchanges on CoinGecko, with millions of users worldwide. BitMart presently offers over 1,000 trading pairs with low trading fees.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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