The Pyth Community, a decentralized information infrastructure agency, introduced on Wednesday a brand new partnership with Revolut to combine its market information.
Revolut, the digital banking large serving 45M customers throughout 200 nations, simply grew to become a Pyth Community information writer!
Actual-time worth feeds from a fintech large = higher information for builders, extra transparency for customers.
The way forward for finance isn't both/or — it's each.pic.twitter.com/9KKIMBlyE9
— Pyth Community
(@PythNetwork) January 8, 2025
In a press launch shared with Cryptonews, Pyth said that Revolut will merge its proprietary digital asset worth information into Pyth worth feeds.
This integration intends to boost decentralized finance (DeFi) functions, enabling builders to commerce utilizing exact, real-time data.
Knowledge Provides Builders Entry to Actual-Time Data
“Our partnership with Pyth is a crucial milestone in Revolut’s journey to modernize finance,” stated Mazen Eljundi, international enterprise head of Crypto at Revolut. “By offering dependable market information to functions, we will affect digital economies and guarantee builders and customers have entry to express, real-time data.”
As a knowledge writer on Pyth, Revolut will contribute its digital asset worth information to bolster the reliability and safety of tons of of decentralized functions (dApps).
Pyth’s decentralized oracle community supplies high-frequency pricing information to blockchains, facilitating real-time buying and selling and decision-making.
Pyth has just lately transitioned from Solana to Pythnet, its personal blockchain constructed utilizing Solana’s codebase.
In December, the community reported that it secured operations for dApps managing over $15.2 billion in Complete Worth.
Pyth Value Feeds Launch and Infrastructure Updates
Final November, Pyth Community launched its Pyth Value Feeds on the Morph testnet, a Layer 2 answer designed to boost Ethereum scalability by combining ZK expertise with optimistic rollups.
This replace permits good contract builders to entry over 500 real-time worth feeds spanning numerous digital asset lessons.
Pyth Value Feeds are actually obtainable on @MorphL2
Morph is the worldwide shopper layer powering a distribution hub for the sources builders have to launch and scale for the mass market.
Builders on Morph can permissionlessly combine 500+ real-time and secured worth feeds— Pyth Community
The Pyth Community, a decentralized oracle community, focuses on delivering high-frequency pricing information to blockchains.
To additional strengthen its infrastructure, Pyth transitioned from Solana to Pythnet, its personal blockchain constructed utilizing Solana’s codebase.
In the meantime, Revolut has been increasing its presence within the crypto market.
In November, the corporate prolonged its crypto trade, Revolut X, to clients in 30 further European nations.
You may additionally like Revolut Rolls Out Crypto Change Providers Throughout 30 European Markets
The platform affords aggressive flat charges—0.00% for makers and 0.09% for takers—no matter buying and selling quantity.
Current Revolut clients may seamlessly convert between fiat and cryptocurrency inside the Revolut ecosystem.
The put up Revolut Companions With Pyth Community to Provide Market Knowledge appeared first on Cryptonews.