Pyth Network to use Auros high frequency on-chain data

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  • Auros and Pyth Network have partnered to bring high-frequency on-chain data to the blockchain.
  • The partnership will help advance the decentralized finance market with better financial solutions for consumers.

Auros, an algorithmic trading and market making platform for cryptocurrencies, is teaming up with Pyth Network to bring high-frequency pricing data to the Oracle solution.

The partnership will see the Pyth Network receive pricing data from the Auros real-time high-frequency trading system. The data will be for a range of cryptocurrencies, a press release obtained by the two firms noted. coinjournal on Tuesday.

Providing high fidelity data across markets

When it comes to Oracle Solutions for latency-sensitive financial data, Pyth, the market leader, will tap into Auros technology to deliver further institutional trading activity across multiple blockchain protocols.

Auros provides high fidelity data obtained by combining data from a wide range of sources, filtering for quality and accuracy.

According to the platform, this happens at sub-second intervals to give users reliable pricing data. The market making platform has integrated over 60 exchanges, and accounts for over $1.5 trillion in cumulative trading volume.

Auros is the 70th publisher or provider to join the Pyth network.

,By sharing our high-frequency trading data with a truly on-chain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants. We expect the Pyth network to become an invaluable part of the decentralized financial system of the future, and are delighted to partner with them on this mission.Ben Roth, co-founder and CIO of Auros, said.

Pyth currently provides aggregated market data for over 90 price feeds with users spanning FX, crypto, equities and metals. Price feeds are also available for the blockchain via Wormhole’s messaging protocol.

The platform has achieved business volume worth over $25 billion.

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