21. Februar 2024

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• Oracle platform Pyth Network has announced an expansion of its features to the blockchain protocol Arbitrum.
• This integration will enable developers and users of the Ethereum scaling solution to access more than 200 price feeds across crypto, equities, commodities and FX pairs.
• Pyth’s technology is already powering two dApps on Arbitrum: CAP Finance and Perpy Finance.

Oracle Platform Pyth Network Expands Features to Arbitrum

Pyth Network, an oracle solution provider integrated across the Solana ecosystem, has announced an expansion onto layer-2 blockchain protocol Arbitrum. With this integration, developers and users of the Ethereum scaling solution can now access more than 200 price feeds across crypto, equities, commodities and FX pairs.

Pyth Technology Powers Two DApps on Arbitrum

As announced by the Pyth team in a blog release on Tuesday, this integration will support the decentralised finance (DeFi) community on Arbitrum. Currently, Pyth’s price feeds are already powering two dApps in the Ethereum ecosystem—CAP Finance and Perpy Finance—both of which are built on top of Arbitrum.

Real-Time Off-Chain Data Now Available On Arbitrum

By bringing off-chain data in real time onto Arbitrum, Pyth is helping unlock previously inaccessible financial data for developers in this ecosystem. According to Mike Cahill, Director of the Pyth Data Association: “We’re excited to continue our expansion in the Ethereum world…and equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.“

Pyth Already Integrated Across Solana Ecosystem

Prior to its integration with Arbiturm ,Pyth was already integrated across Solana’s ecosystem . The company offers a variety of solutions from decentralized finance (DeFi) platforms to gaming applications—all powered by its oracle network that provides secure access to live data off-chain sources.

Conclusion

With its expansion onto layer-two blockchain protocol Arbirum ,the development team at Python Network have opened up a plethora of opportunity for DeFi builders within both ecosystems . By tapping into over 200 price feeds across crypto ,equities ,commodities ,FX pairs ,builders now have acceessto anwider range og financial data that was previously inaccessible before .