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Feb 27 • 4 tweets • 4 min read
1/4
 Using the @PythNetwork , some of the biggest names in TradFi and #DeFi have created a dedicated oracle network that provides infrastructure for #DeFi using reliable, institutional market data.

#pyth #PythNetwork #DeFi Image
2/4
 #Pyth focuses on continuous real-world and cryptocurrency-related market data coming off-chain and streaming data at sub-second intervals. This provides more accurate, reliable and faster data for decentralized financial applications.
#pyth #PythNetwork #Defi
3/4
 #Pyth is built on the Solana #blockchain, allowing data providers to update prices on each slot once every 400ms - over 200,000 updates daily! This allows the development of large-scale #DeFi applications using reliable data.
4/4
 Additionally, #Pyth also extends to #Ethereum and #Terra thanks to Wormhole

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More from @Pashakep3

Pasha Profile picture
Mar 7
1/7🧵
@PythNetwork is a new next-generation oracle solution being developed for #Hifi to #DeFi data transfer.

#Pyth #defi #finance #crypto #Pyth #blockchain Image
2/7🧵
It is created by the biggest names in the field of traditional finance and #DeFi with the goal of providing infrastructure for #DeFi to support the significant growth of the market
3/7🧵
One of the main advantages of the #Pyth network is its ability to provide legitimate access to unique data sets that are not available to most users. This allows you to use more accurate and reliable data, which can improve the performance and reliability of #DeFi products
Read 7 tweets
Pasha Profile picture
Mar 1
@PythNetwork
1/5
The #Pyth Publishing Network is a unique approach to building a pricing oracle that provides high accuracy and real-time reliability.

#PythNetwork #PythLove #PythData Image
2/5
 One of the key features of this network is that it allows data providers to become owners or creators of their data, which ensures maximum timeliness and accuracy of information

Website - pyth.network
3/5
The #Pyth price aggregation algorithm is a unique mechanism that allows you to collect data from various sources and combine them into a single price. This algorithm is based on a distributed system that provides fast and efficient real-time data collection.
#PythNetwork
Read 5 tweets

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