Pyth Network

492K PYTH staking rewards have been distributed to stakers helping to protect DeFi through Oracle Integrity Staking. Ready to get started? https://lnkd.in/gyNpTx_Q

Built by DeFi natives, for DeFi natives. Uniswap Labs has selected Pyth Network to bring real-time data to their new blockchain, Unichain. Find out what it means for developers, traders and all of DeFi ⬇️ With over $2 trillion in cumulative trading volume, Uniswap is one of the most successful decentralized exchanges of all time. Now it’s changing the DeFi game again by building its own chain specifically for DeFi builders: Unichain. Unichain has chosen Pyth as a core infrastructure provider. This partnership is about a shared mission: to empower developers with the infrastructure needed to build fast, reliable, and scalable dApps. Pyth Network’s 500+ real-time price feeds and low-latency data, updating every 400 milliseconds, ensure that Unichain developers will have access to the most accurate, trusted data in DeFi. Unichain is built by DeFi experts to help the industry scale, offering a liquidity hub that seamlessly spans across multiple chains at ultra-fast, 1-second block times. With Pyth Network as a core infrastructure provider, developers on Unichain can access the most reliable, real-time market data. “With Pyth, Unichain developers will be supercharged with the most reliable and fast market data available, empowering them to build the next generation of on-chain finance. We’re excited to see Unichain emerge as the premier environment for DeFi builders.” — Mike Cahill, CEO of Douro Labs. Unichain’s mission is to establish itself as the leading environment for DeFi builders, and Pyth’s infrastructure will be instrumental in achieving this goal. To learn more about Unichain, Pyth Network, and how they are revolutionizing DeFi: https://lnkd.in/d6wiTkYh

140 million PYTH staked and securing DeFi 🔮 Haven’t staked your PYTH yet? Get rewarded for protecting DeFi: https://lnkd.in/gKHs_Nsu

Still unsure how to get started with Oracle Integrity Staking (OIS)? Here’s a tutorial with everything you need to know about getting rewarded for protecting DeFi. Ready to get started? https://lnkd.in/gyNpTx_Q Have feedback? Let us know on the forum: https://lnkd.in/gCjAbaCf

Total Value Secured (TVS) is no longer an effective metric for evaluating oracles. So what should we replace it with? Total Transaction Volume (TTV)—and Pyth is #1 in TTV This is according to the latest @blockworksres report. Here’s what you need to know: Total Value Secured (TVS) is the most widely used metric for oracles. This was a good metric for DeFi 1.0 which was solving for “security and trust within execution environments that were slow in terms of block times and latency.” But DeFi 1.0 has evolved to DeFi 2.0. With the explosion of onchain derivatives, oracles are now solving for speed. So why is TVS no longer relevant? “TVS overstates the importance of asset pool size, and greatly understates oracle activity.” The DeFi landscape needs a new metric to accurately assess oracle demand. According to Blockworks, “Total Transaction Value is a more accurate measure of oracle fundamentals, as it is more strongly correlated to frequency of oracle price updates and therefore oracle revenue.” So what does this mean? Looking at TTV vs TVS dramatically recalibrates the oracle landscape. DeFi 2.0 leaders emerge with Pyth leading the way in the month of August. According to Blockworks: “This focus on TTV will not only provide a more accurate reflection of oracle demand but also drive more efficient allocation of investor capital as oracles strive to meet the high-speed demands of the evolving DeFi landscape.” Pyth's integrated users that drive TTV include prominent derivatives protocols, including long-time partners and supporters such as SynFutures, Drift Labs, HMX, Paradex and KiloEx. Read the full Blockworks report here: https://lnkd.in/dMUwK6eX Learn more about why TTV is a better metric than TVS for oracle demand in our blog: https://lnkd.in/dBZ3pCGB

Pyth has doubled its blockchain coverage over the past year to 76 chains. That’s 500+ ultra-fast price feeds coming from over 100 top financial institutions across all 76 chains. Looking to monetize your financial data? Learn more: https://lnkd.in/g8G4hXi2

Oracle Integrity Staking is off to a great start! 237K PYTH staking rewards have already been paid to stakers for protecting DeFi. Learn how your institution can use its financial data to protect DeFi and earn rewards: https://lnkd.in/gKHs_Nsu

What’s today’s number one strategic advantage in finance? Tokenized assets. According to a new McKinsey & Company report, tokenized financial assets are moving from pilot to at-scale deployment, with trillions of dollars transacted on-chain each month. While adoption is still growing, institutions with blockchain capabilities in place are poised to capture operational efficiencies and create new revenue streams. Tokenization is changing the game—are you ready to capitalize on the next frontier? Read the full report here: https://lnkd.in/garHachf

Efficiency matters. Pull oracles update only when users request data. Push oracles continuously update at set intervals - driving up gas costs and wasting resources. Pull, don’t push.

Who's going to be at Messari #Mainnet2024? Come join Pyth Network at Innovative Finance Day. It will be unlike any other side event at Mainnet 2024. 📅 Wed, October 2nd, 2024, 13:00 - 19:00 ET RSVP here: https://lu.ma/PythNYC