Hassan Maishera
The Pyth Network announced via X on Tuesday that Elfomo Labs has become a data provider for the Pyth blockchain. Elfomo Labs is a trading firm that operates a variety of quantitative strategies with a strong focus on DeFi. The firm leverages extensive expertise and a solid infrastructure to provide liquidity in crypto and prediction markets.
Elfomo Labs will contribute real-time, high-quality crypto data to support Pyth’s mission of delivering reliable, secure, real-time asset prices to Web3 developers everywhere. It will deliver real-time trading data on various crypto assets, utilizing internal pricing from major centralized exchanges and aggregated on-chain pricing from Elfomo Solver.
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 6% in the last 24 hours and is currently trading at $0.2583 per coin.
