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Pyth Network’s Price Feeds Launches on XION

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The Pyth Network announced via X on Tuesday that its Price Feeds has launched on Xion, a Layer 1 blockchain designed to enable global mainstream adoption through crypto abstraction

The Pyth Network announced via X on Tuesday that its Price Feeds has launched on Xion, a Layer 1 blockchain designed to enable global mainstream adoption through crypto abstraction.

Deploying the Pyth Price Feeds will enable protocols on XION to request or "pull" price updates permissionlessly from the Pythnet appchain as needed. The gas-efficient design of Pyth's pull architecture means that downstream users in the XION ecosystem will always have consistent access to high-frequency market data and the latest price updates.

Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down by 2% in the last 24 hours and is currently trading at $0.4101 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.