Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The Pyth Community, a decentralized information infrastructure organization, announced on Wednesday a new collaboration with Revolut to integrate its market data.
Revolut, the digital banking giant catering to 45 million customers across 200 countries, has now become a data publisher for the Pyth Community!
Real-time price feeds from a fintech leader = enhanced information for developers, increased transparency for users.
The future of finance is not either/or — it’s both.pic.twitter.com/9KKIMBlyE9
— Pyth Community
(@PythNetwork) January 8, 2025
(@PythNetwork) January 8, 2025In a press release distributed to Cryptonews, Pyth stated that Revolut will integrate its proprietary digital asset pricing data into Pyth’s price feeds.
This integration aims to enhance decentralized finance (DeFi) applications, allowing developers to trade using accurate, real-time information.
Data Provides Developers Access to Real-Time Information
“Our collaboration with Pyth marks a significant step in Revolut’s mission to modernize finance,” stated Mazen Eljundi, global business head of Crypto at Revolut. “By supplying reliable market data to applications, we can influence digital economies and ensure that developers and users have access to precise, real-time information.”
As a data publisher on Pyth, Revolut will share its digital asset pricing data to enhance the reliability and security of numerous decentralized applications (dApps).
Pyth’s decentralized oracle network delivers high-frequency pricing data to blockchains, enabling real-time trading and decision-making.
Pyth has recently transitioned from Solana to Pythnet, its own blockchain developed using Solana’s codebase.
In December, the network reported that it had secured operations for dApps managing over $15.2 billion in Total Value.
Pyth Price Feeds Launch and Infrastructure Updates
Related Posts
Last November, Pyth Community launched its Pyth Price Feeds on the Morph testnet, a Layer 2 solution designed to enhance Ethereum scalability by combining ZK technology with optimistic rollups.
This update allows smart contract developers to access over 500 real-time price feeds across various digital asset classes.
Pyth Price Feeds are now available on @MorphL2
Morph is the global consumer layer powering a distribution hub for the resources developers need to launch and scale for the mass market.
Developers on Morph can permissionlessly integrate 500+ real-time and secured price feedspic.twitter.com/ncYL8rQM4Z
— Pyth Community
(@PythNetwork) November 13, 2024
pic.twitter.com/ncYL8rQM4ZThe Pyth Community, a decentralized oracle network, is dedicated to providing high-frequency pricing data to blockchains.
To further enhance its infrastructure, Pyth transitioned from Solana to Pythnet, its own blockchain developed using Solana’s codebase.
Meanwhile, Revolut has been expanding its footprint in the crypto market.
In November, the company broadened its crypto exchange, Revolut X, to customers in 30 additional European countries.
You may also like Revolut Rolls Out Crypto Exchange Services Across 30 European Markets
The platform offers competitive flat fees—0.00% for makers and 0.09% for takers—regardless of trading volume.
Current Revolut customers can easily convert between fiat and cryptocurrency within the Revolut ecosystem.
The post Revolut Partners With Pyth Community to Provide Market Data appeared first on Cryptonews.
