Pyth Network expands price feeds solution to Arbitrum

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  • Price feeds from the Pyth Network are now available on Arbitrum.
  • Builders can now tap into over 200 price feeds across crypto, equities and commodities within the ecosystem of Ethereum scaling solutions.
  • Pyth technology is already powering Cap Finance and Puppy Finance on Arbitrum.

Pyth Networks, an oracle solutions provider primarily integrated into the Solana ecosystem, has announced an expansion on layer-2 blockchain protocol Arbitrum.

This means that the pyth price feed is now live on Arbitrum, a scalping solution developed by Offchain Labs. Ethereum Ecosystem. the pyth team noted in a blog release on Tuesday that the integration will support the decentralized finance (DeFi) community on Arbitrum.

pyth to power arbitrum dapp

Arbitrum already integrated chain link Price feed. Basically, developers and other Arbitrum users now also have access to a new oracle network with over 200 price feeds, covering key data needs across cryptocurrencies, equities, FX pairs and commodities.

Mike Cahill, director of the Pyth Data Association, said the integration with Arbitrum is important. One reason, he noted in a statement, is down to the fact that Pyth’s technology now powers decentralized applications (DApps) in the Ethereum ecosystem — the most prominent smart contract blockchain today.

,We are excited to continue our expansion into the world of Ethereum and the Arbitrum ecosystem in particular as we continue to equip developers with high quality data and enable a wide range of new DApps powered by Pyth Huh.Cahill said.

By bringing real-time off-chain data onto Arbitrum, Pyth is helping to unlock previously inaccessible financial data for developers in this ecosystem.

As announced on Tuesday, Pyth Price already powers Arbitrum-based perpetual DEX platform Cap Finance and decentralized copy trading protocol Purpy Finance.

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