Thread by @PythNetwork

We are excited to introduce Pythnet, a solution that will propel the Pyth network into a new sphere 🔮

What does this mean?
More price feeds #PoweredByPyth
More chains #PoweredByPyth

Learn more 👇
pythnetwork.medium.com/introducing-py…

2/ Pythnet is a network built on the Solana codebase, with the ability to deliver top-tier price feeds xChain through Wormhole’s generic messaging layer.

Why Solana? Because of its fast finality and 400MS slot time. Solana lets price feeds update faster than any other layer 1

3/ "Pyth cut its teeth on Solana bringing high-fidelity pricing data into Solana DeFi, and today is the most widely used Oracle on the network." Said Anatoly Yakovenko, Co-Founder of Solana.

4/ “Pythnet, built on the Solana codebase, creates greater ability to compute prices while publishing even higher fidelity data to Solana.”

5/ As of today, we are supporting 80+ price feeds by aggregating data on-chain from 65+ providers. That’s 700 price updates per second.

With Pythnet, we’ll be able to scale 20x. That means tens of thousands of price updates per second 🤯

6/ As the first step in scaling, we are proud to announce full support, made possible via Pythnet, of additional US equity symbols on Pyth, including the full Dow Jones 30!

If you have any questions on how you can utilize Pythnet or our price feeds, reach out!

discord.gg/invite/PythNet…