Joining Pyth Network: Portofino Technologies Enhances Data Services
Portofino Technologies, a crypto startup specializing in market making, token services, and Web3 investments, has joined Pyth Network as a new data provider community. Portofino Technologies brings unique expertise to Pyth Network, offering proprietary data on cryptocurrencies and bolstering the digital asset price feed coverage.
Introducing Portofino Technologies
Portofino Technologies, based in Switzerland, operates as a market maker with a team of over 25 employees in London and Zug. The company stands out for its proprietary market-making technology used to navigate digital asset markets. Additionally, Portofino offers token services and treasury management to Web3 companies.
- Market maker specialized in crypto
- 25+ employees in London and Zug
- Proprietary market-making technology
- Token services and treasury management for Web3
Exciting Partnership with Pyth Network
Leo Lancia, CEO, and Co-Founder of Portofino Technologies, expressed enthusiasm about the collaboration with Pyth Network, aiming to contribute to the growth of the Pyth ecosystem using their technology and experience. Shane OโCallaghan, Global Head of Business Development, highlighted the significance of Pythโs technology in the DeFi realm.
- Collaboration for ecosystem growth
- Utilizing proprietary technology
- Enhancing the Pyth ecosystem
The Expansion of Pyth Network
Pyth Network continues to make significant strides in the blockchain industry, with its Total Value Secured surpassing $7 billion. The platformโs dominance extends across 50+ blockchains, with a strong market share on each supported chain. Portofino Technologies joining the data provider community further enhances Pythโs comprehensive data coverage.
- Total Value Secured exceeding $7 billion
- Strong market share on various blockchains
- Enhanced data coverage with Portofino Technologies
Hot Take: Portofino Technologies and Pyth Network Collaboration
Portofino Technologiesโ collaboration with Pyth Network signifies a step towards enhancing data services in the crypto industry. With their market-making expertise and token services, Portofino Technologies brings added value to Pyth Network and contributes to the growth of decentralized finance (DeFi) ecosystems.
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