Pyth Network Launches Pyth Price Feeds on IOTA Platform
Pyth Network has recently announced the launch of its Pyth Price Feeds on the IOTA platform, marking a significant development in bringing real-world asset (RWA) and crypto asset price data on-chain. The integration allows smart contract developers on IOTA to access over 500 real-time price feeds for various assets, including equities, cryptocurrencies, commodities, ETFs, and Forex. This initiative aims to provide developers with reliable and real-time data for secure financial exchanges.
Real-time Data for Developers
The IOTA EVM is a fully EVM-compatible Layer-2 solution for the IOTA network, offering a scalable, fee-less, and permissionless distributed ledger for developers. With the integration of Pyth Price Feeds, developers can access data from institutional and decentralized market participants, enhancing data reliability and security.
- Smart contract developers on IOTA now have access to over 500 real-time price feeds.
- The data includes assets such as equities, cryptocurrencies, commodities, ETFs, and Forex.
- Pyth sources price data from institutional and decentralized market participants.
IOTA’s Unique Approach to Data Exchange
IOTA’s distributed ledger technology enables secure on-chain value and data exchange without fees. The IOTA EVM builds on these features to provide tamper-proof data, fee-less transactions, and low resource requirements, promoting tokenization and RWAs. The deployment of Pyth Price Feeds on IOTA is crucial for securing the exchange and value transfer of real-world and traditional assets.
- IOTA aims to facilitate secure on-chain value and data exchange without fees.
- IOTA EVM provides tamper-proof data and low resource requirements for new business models.
- Pyth Price Feeds offer reliable price data for real-world and traditional assets.
Applications of Pyth Price Feeds
Various DeFi applications on IOTA EVM are already leveraging Pyth Price Feeds for their platforms. Deepr Finance and Virtue Money are two examples of DeFi projects utilizing Pyth Price Feeds for different financial services. These applications benefit from the reliable and real-time price data provided by Pyth Network.
- DeFi applications on IOTA EVM are integrating Pyth Price Feeds.
- Deepr Finance and Virtue Money are examples of platforms using Pyth Price Feeds.
- The integration of Pyth Price Feeds enhances the functionalities of DeFi applications on IOTA EVM.
Hot Take: Empowering IOTA Developers with Real-time Price Feeds
By integrating Pyth Price Feeds on the IOTA platform, developers now have access to a wide range of real-time price data for various assets, enabling secure and efficient financial exchanges. The partnership between Pyth Network and IOTA marks a significant advancement in bringing real-world asset data on-chain, providing developers with the tools needed to innovate and build the digital economy of the future.
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