Hassan Maishera
The Pyth Network announced via X on Monday that Swaap has become a data provider for the Pyth blockchain. Swaap is an on-chain market maker offering deep liquidity and price stability for DeFi. Founded in 2022, it uses robust infrastructure and advanced algorithms to optimize liquidity for a wide range of assets, including bluechip tokens and stablecoins, reinforcing its reputation as a trusted DeFi partner.
Swaap is joining Pyth’s Market Data Provider network to enhance blockchain data accessibility with high-quality, real-time market insights including 300+ token pairs, redemption rates, stocks and commodities.
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 up 6% in the last 24 hours and currently trades at $0.3882 per coin.
