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— Pyth Network 🔮 (@PythNetwork) July 22, 2024
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, which is Pyth’s key 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.
Charles Wayn, cofounder of Galxe, is excited by the opportunities the new integration unlocks for Gravity protocol and its developer community:
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.
The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem in Gravity’s high-performance environment.
Reliable price data for new-gen dApps on Gravity
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.
As covered by U.Today previously, in Q1, 2024, Pyth Network teamed up with Nomura\'s blockchain project, Laser Digital.