Pyth Network Joins Forces with TON to Enhance Data Availability for Ecosystem Developers
In Brief
Pyth Network, known for its oracle services, has teamed up with The Open Network to offer precise Web3 data aimed at developers.
Oracle service Pyth Network The announcement states a partnership with the Layer 1 blockchain known as The Open Network (TON), TON to supply developers with highly accurate data efficiently.
This collaboration emphasizes Pyth Network’s oracle service, allowing on-demand price data retrieval. Its pull oracle is engineered to significantly improve the developer's journey on the TON platform by delivering fast, reliable, and effective Web3 data. So far, the oracle has managed an impressive volume exceeding half a trillion dollars and currently secures billions across over 70 different blockchains.
With Pyth Network, decentralized finance initiatives on TON will gain access to real-time price data with superior accuracy. This top-tier data will underpin sophisticated DeFi applications and facilitate swift transactions, both of which are crucial for catering to a global audience. Moreover, in the gaming arena, having precise data streams is vital for constructing engaging and interactive in-game economies. Consequently, integrating Pyth Network will aid TON game developers in crafting more immersive and financially sustainable gaming experiences.
Pyth Network states that TON is attracting millions of newcomers to the blockchain space, all of whom anticipate the same level of responsiveness and ease that Web3 should provide, just as they expect from Web2. Its system, designed for low-latency data, can efficiently scale to accommodate thousands of feeds and assets, ensuring the speed and adaptability necessary for developers. TON accommodate a larger user base.
Pyth Network Unveils Pull Oracle on Solana
Operating as an oracle protocol, Pyth Network connects data providers with various applications across multiple blockchain systems. The platform aggregates market data from a multitude of first-party sources—including leading exchanges and global market-making entities. This service supports over 350 protocols sprawling across more than 70 blockchains, assuring robust security and dependability for these applications.
Recently, Pyth Network has launched Deploying its pull oracle on the Solana network allows developers on the mainnet-beta to retrieve real-time price updates seamlessly from the Pythnet appchain into the Solana ecosystem.
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