Hassan Maishera
On Tuesday, the Pyth Network announced via X that the BRENT price feed is live on Pyth Pro with extended coverage (24/5).
Brent Crude is a classification of light, sweet crude oil sourced from the North Sea. It serves as the primary global benchmark for pricing unrefined petroleum. Because it is easy to refine into gasoline and diesel, and is transported efficiently by sea, it is used to price about two-thirds of the world's internationally traded crude supplies.
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.
The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed.
In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. PYTH is up 2.8% in the last 24 hours, trading at $0.04764 per coin.
