Key takeaways
- Pyth Network has launched its market-leading price oracle on Layer N.
- Pyth Price Feeds provide over 500 real-time price feeds for various assets.
- Layer N offers seamless communication, liquidity sharing, and ultra-low latencies and fees.
On Layer N, a cutting-edge Layer 2 scaling solution for Ethereum, Pyth Network has introduced its market-leading price oracle. Through this interface, over 500 high-fidelity price data feeds for cryptocurrencies, stocks, forex, commodities, and other conventional asset classes are now available to users and developers on Layer N.
What you should know about Pyth and Layer N
Pyth is a leading specialized oracle network with a decentralized framework and cryptographic nature that price data is not susceptible to tampering or disruptions. At the time of this writing, Pyth safeguards over $5 billion in total value locked and powers over 350 protocols, and so far has facilitated more than $400B in trading volume across over 50 blockchains.
To put it simply, Pyth is the largest pull oracle network with:
- 100+ data providers
- 500+ price feeds
- 330+ integrated dApps
- 55+ chains
Layer N is a high-performance Layer 2 network enhancing on-chain capabilities with seamless communication, liquidity sharing, and composability between applications and XVMs, offering ultra-low latencies and low fees. As such, it’s an ideal partner for Pyth Price Feeds.
Wrapping up
With the launch of Pyth Price Feeds on Layer N, Pyth has made a significant step in providing access to over 500 real-time price feeds for users and developers alike. Developers working on this infrastructure can easily incorporate exact real-time pricing data into their dApps and smart contracts with just a few lines of code.
