Pyth Network just solved one of the most persistent structural problems in crypto derivatives markets, and it did it with partners that carry serious institutional weight. The oracle network has launched Pyth Indices, a set of proprietary 24/7 price indexes covering U.S. equities, oil, gold, silver, and thematic baskets and the products are not just announced. They are already live and powering real trading across Coinbase, Kraken, dYdX, and Nado. PYTH is up 5% on the news. The Problem Pyth Indices was Built to Solve Pyth Network laid out the core thesis with unusual clarity. Traditional markets close overnight and
The post Pyth Network Launches 24/7 Price Indices for U.S. Equities, Oil, and Metals appeared first on The Merkle News.
]]>Earlier this week, Pyth Network disabled full functionality of its Pyth Core service after having a several hour (in the limited case where obligations are constrained to integers and if we again ignore the possibility that overleverage may result in unjustifiably losing money on the margin calculations, a big “if”: actual assets may also be traded as “currency” in BTC form using some type of asset management) The network mentioned that Pyth Core returned to normal functioning approximately around 1 PM UTC post the disruption. The downtime affected the legacy oracle framework that still services a percentage of DeFi protocols
The post PYTH Core Resumes Operations Following Outage Amid Accelerated Migration To Pyth Pro appeared first on The Merkle News.
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Pyth Network has launched real-time price feeds for over 100 major exchange-traded funds, including products from Blackrock, State Street, and Vanguard, with onchain access to data representing more than $8 trillion in assets. New Pyth Integration Brings Live ETF Prices to DeFi Builders Pyth Network has introduced real-time exchange-traded fund (ETF) price feeds, enabling blockchain […]
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While Chainlink retains a strong lead, Pyth’s rapid rise in Total Value Secured hints at shifting dynamics in the Oracle market.
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The crypto market holds steady at a valuation of $2.31 trillion, experiencing a 2.60% decline in the last 24 hours. In the preceding week, bitcoin and ethereum each dipped between 5.4% and 1.8%. Notably, only four coins experienced double-digit increases, with helium (HNT) emerging as the top performer with a 34.3% rise this week. Crypto […]
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On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […]
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While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles […]
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