Key takeaways
- Kaia is a new blockchain created from the merger of Klaytn and Finschia.
- Pyth Network provides real-time price data for developers on Kaia.
- This integration boosts Kaia’s DeFi ecosystem with fast and reliable price updates.
Kaia is a new blockchain platform that emerged from the merger of Klaytn and Finschia. It is designed to be the leading platform in Asia for blockchain and Web3 technology, as it supports over 420 different applications and services to over 250 million users in the most-populated continent.
Kaia focuses on performance, scalability, and ease of use, offering quick transaction processing, low costs, and high capacity. These attributes make it ideal for businesses and developers.
A powerful partnership
According to a blog post, Kaia has partnered with Pyth Network to bring real-time price data to its platform. Pyth Network is known for its accurate and timely financial data, which is used by more than 65 different blockchains. Now, developers on Kaia can access over 500 real-time price feeds for various assets, including cryptos, stocks, and commodities.
Pyth Network’s unique system allows applications to get the latest price information whenever they need it. This ensures that users on Kaia always have access to up-to-date and reliable price data. This is especially important for decentralized finance (DeFi) applications, which require accurate and timely data.
“Pyth’s high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia.”
Dr. Sam Seo, Representative Director of Klaytn Foundation
Kaia’s design includes three main networks that work together to process transactions efficiently and handle data securely. This ensures that Kaia can support a wide range of applications and services, and at the same time provide a robust and reliable platform for developers and users.
The launch of Pyth Price Feeds on Kaia is a major step forward for the platform. By providing real-time, accurate price data, Kaia and Pyth Network are enabling developers to build more reliable DeFi apps.
