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Pyth Network

Pyth Network

Pyth Network is a first-party financial oracle network that delivers real-time market data to decentralized applications (dApps) across numerous blockchains. It sources price data directly from institutional sources like trading firms and exchanges, providing developers with high-fidelity, low-latency price feeds for a variety of asset classes. The network serves as a critical infrastructure layer for DeFi by providing reliable price feeds for a diverse set of assets.
Baar, CH

Description

Pyth Network is a decentralized financial market data distribution platform that sources high-fidelity, real-time market data directly from over 120 first-party institutional providers, including major exchanges, market makers, and trading firms. This data, covering over 1600 price feeds for asset classes like cryptocurrencies, equities, FX, and commodities, is made available on more than 105 blockchains. Developers can integrate Pyth's data into their decentralized applications (dApps) for use cases such as decentralized exchanges (DEXs), lending protocols, and derivatives platforms. The network's offerings include Price Feeds for on-demand updates, Entropy for on-chain random number generation, and Express Relay for low-latency data delivery. The ecosystem is governed by the Pyth DAO, a community of PYTH token stakers who oversee the network's high-level parameters.