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Pyth Price Feeds Come To Eclipse
Pyth Price Feeds Come To Eclipse
Pyth Price Feeds Come To Eclipse
Pyth Price Feeds Come To Eclipse
Pyth Price Feeds Come To Eclipse
Pyth Price Feeds Come To Eclipse
We are excited to announce that Pyth Price Feeds have launched on Eclipse testnet. Developers building on Eclipse can now access over 500 real-time price feeds to build innovative DeFi dApps. Pyth will also launch price feeds on Eclipse developer mainnet, and subsequently, public mainnet.
This partnership marks a significant milestone in providing low latency price feeds across cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds to Eclipse developers.
Mike Cahill, CEO of Douro Labs, said, "Eclipse leads in modular technology by fusing Ethereum's security with Solana's performance. It shares numerous synergies with Pyth Network, as both utilize Solana VM to achieve high throughput and low latency performance. We eagerly anticipate how Pyth's price feeds will enable exciting DeFi applications in this new paradigm."
What is Pyth?
The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely. With over 350+ dApps integrated across 55+ chains, Pyth is one of the most comprehensive oracle solutions that exist today. Their TVL secured totals $7B and Pyth powered DEXs saw $110B in trading volume in April. Eclipse is proud to join the Pyth ecosystem and looks forward to contributing to the network of Pyth supported dApps.
The benefits of the SVM
Like Eclipse, the Pyth Network also utilizes the Solana Virtual Machine, albeit in a slightly different manner. On the Pyth Network, every 400ms, publishers submit a price update for their supported feeds in the form of a price and confidence interval to the on-chain price account. An oracle program then consolidates publishers’ prices into an aggregate price and confidence interval, before validators reach consensus and perform a price broadcast operation. This architecture enables Pyth to scale to a large number of blockchains, and also a large number of price-feeds. Importantly, utilizing the SVM enables Pyth to deliver low-latency and high-frequency price feeds that are powering the next generation of DeFi dApps.
What does it enable on Eclipse?
Like Pyth Network, Eclipse also fundamentally optimizes for speed and performance by utilizing the SVM as our execution layer, benefitting from features such as parallel execution and isolated fee markets. Combining Pyth’s ability to deliver verified data from first-party sources on a sub-second timescale with Eclipse’s 400ms block times is a perfect fit. Developers can access frequent and cheap oracle updates for reliable price feeds, and leverage that to build innovative protocols such as continuous prediction markets, on-chain CLOBs, or even on-chain AI trading agents that respond dynamically and near-instantaneously to market prices. Importantly, given Eclipse’s design as an SVM L2, oracle updates have better inclusion guarantees by virtue of Eclipse’s high throughput, isolated fee markets, and parallel execution, where oracle update transactions will not necessarily have to compete for block space against other popular contracts and as a result pay elevated fees.
Several protocols such as Neptune, Mango Markets, Solend, Clone, and DeCalls will utilize Pyth price feeds from day one.
Pyth
The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.
Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.
In less than a year, the network has secured more than $2.0B in total value and now supports over $5.0B. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $300B in total trading volume across over 50 blockchain ecosystems.
For more information about Pyth, please visit the website and documentation.