Pyth Network

Sony Group is bringing its business on-chain, and it's powered by Pyth. Pyth Network, in collaboration with Sony and Startale, is the first oracle to deploy real-time price data on Soneium, a new blockchain developed by Sony Block Solutions Labs. This collaboration is set to advance the blockchain experiences for developers, apps, and users, with Pyth accelerating the adoption and growth of Sony’s Web3 infrastructure. Soneium is designed to be a powerful platform, offering low-latency transactions, high throughput, and a developer-friendly environment. With Pyth Price Feeds, developers on Soneium can tap into 500+ ultra low-latency price feeds to ensure their apps are powered by precise market data of the same caliber as institutional players. "Soneium Spark is at the forefront of bridging Web3 and Web2 […]. By welcoming Pyth as an infrastructure partner, we're […] reinforcing our mission to go mainstream with blockchain technology. With the combined strengths of Sony Group’s resources and Startale’s expertise, we’re eager to break new ground with Pyth Network” – Sota Watanabe, Head of Sony Blockchain Solution Labs and CEO of Startale Read the full announcement here: https://lnkd.in/dxYxWhMC

If you’re part of a financial institution, you know that DeFi presents a massive opportunity. However, that opportunity comes with security and compliance challenges that just don’t seem to be worth the risk. So, what can financial institutions do to safely utilize everything blockchain has to offer and fully step into the future of finance? Pyth Network was created by contributors who include the most innovative minds in blockchain and seasoned professionals from the traditional financial landscape. Additionally, over 25% of all DeFi applications currently run on Pyth Data, and this number is growing every week. Discover how Pyth is enabling institutions to enter DeFi in a secure, compliant way. Ready to get started in DeFi? https://lnkd.in/g9Z23Ev5 #Blockchain #DeFi #MarketData #Finance

Something’s coming. Can’t keep our eyes off the clock 👀

The Pyth ecosystem is excited to welcome GlueX Protocol, a next generation intents settlement network for DeFi, as a new data provider 🔮 GlueX will contribute data for digital assets to support Pyth’s mission of delivering reliable, secure, and real-time asset prices to Web3 developers everywhere. Learn more about this partnership: https://lnkd.in/dABcQ8-4

Tired of exchanges getting rich off of your financial institution’s data? If you’re a trading firm or market maker you’re probably tired of exchanges aggregating your data and selling it back to you. Financial institutions have been entrenched in this broken model for decades. While DeFi presents innovative opportunities for the traditional financial landscape, its offerings are often riddled with security and compliance risks. Pyth Network is here to change the game. Pyth is designed to help financial institutions monetize their own market data in a way that’s aligned with regulatory standards. Now, you can transform your underutilized assets into meaningful revenue while also breaking away from an outdated system – one that requires you to submit critical data to large exchanges that profit off of selling this same data back to you. It’s time to monetize your valuable financial data. Ready to get started? https://lnkd.in/gv_Ud_6h #DeFi #Blockchain #Finance #DataMonetization

Pyth Price Feeds are now available on Kinto 🔮 Kinto is the only Sybil Resistant blockchain with User-Owned KYC and enforced Account Abstraction. 100% focused on finance. Developers on Kinto can permissionlessly integrate with over 500 real-time price feeds. Learn more about our deployment: https://lnkd.in/gJdXF5AM

We just supercharged our KPI dashboard. Now you can access interactive KPI stats, on demand. Here’s a taste: Pyth now has 111 data providers and has powered over $700B in trading volume across 74 different chains. Check the data yourself and see how Pyth is bridging the gap between DeFi and TradFi: https://lnkd.in/gF6eampV

Financial institutions are still hesitating to seize the $10 Trillion DeFi opportunity. Here’s what they’re missing: Blockchains, by design, can’t natively connect to external systems. This disconnect, known as the oracle problem, leaves DeFi applications without the critical market data they need to function. But where there’s a challenge, there’s also an opportunity—one that traditional financial institutions can’t afford to overlook. Blockchain oracles are the key to bridging this gap. These oracles serve as the crucial link between blockchains and the external world, delivering the reliable data needed for smart contracts to execute seamlessly. By tapping into the power of blockchain oracles, financial institutions can unlock new revenue streams and secure their place in the fast-growing DeFi ecosystem—an industry poised to reach $10 trillion by 2030. As traditional finance accelerates its digital transformation, the integration of blockchain oracles will be indispensable. Those who leverage this technology will not only enhance operational efficiency but also capitalize on new market opportunities. The potential to connect DeFi with the vast data resources of traditional finance is too significant to ignore. Is your institution set up to capitalize on the future of finance? #BlockchainOracles #DeFi #Finance #DigitalTransformation

DeFi dApps need ultra-fast, reliable data to compete with Web2 apps. Pyth is bridging that gap and supercharging DeFi with 500+ low-latency, high-fidelity price feeds across 70+ blockchains, including Solana.

Great coverage by Cointelegraph on Pyth Network's recent partnership with The Open Network (TON Foundation). TON is onboarding millions to the on-chain space, who carry the same expectations of responsiveness and ease of use for Web3 as they do for Web2. With Pyth, DeFi projects on TON can tap into lightning fast, high-fidelity, real-time prices secured by multiple layers of protection. https://lnkd.in/dbPGsJF9