#7 Solana Breakpoint and so much more!
Welcome to the 7th issue of the Pyth newsletter: HiFi for DeFi. After covering the Solana Hackathon a month ago, it is once again time to review another Solana event: the Breakpoint Conference!
About:
The Pyth network is a vision coming to life: one that imagines the world of decentralized finance (DeFi) gaining comprehensive access to high-fidelity (HiFi) financial markets data securely and reliably.
In other words, the Pyth network is a specialized oracle network that focuses on sourcing continuous real-world and crypto-related market data originating off-chain and streaming it on-chain at sub-second speeds for smart contract consumption regardless of their blockchains.
This is an ambitious goal because financial market data is sufficiently unique: there are very few available sources, and those sources have very tightly controlled distributions. In addition, the oracle network needs to be able to combine such latency-sensitive data in way that optimizes not only accuracy but which increases security as well given how dependent many blockchain applications are on the accuracy of this type of data.
Website, Medium, Twitter & Discord
Solana Breakpoint Conference
What better way to extend the Solana momentum than by simply gathering with the amazing Solana community?
After many weeks of building and follow ups from the Solana Ignition Hackathon, it was with great pleasure that the Pyth network headed toward Lisbon to partake in the Solana Breakpoint Conference.
With 3 days of panels from worldwide renowned participants of the cryptocurrency ecosystem, we had the chance to meet up with many of the users leveraging Pyth to make DeFi a reality to the world, as well as those looking to learn more about our growing network. We thoroughly enjoyed this opportunity and this event was a great testament to the power and significance the whole Solana community reached within a year.
Conference Recap
If you would like to catch up with all the amazing panels and speakers, we urge you to go check the Solana Youtube page. All was recorded so you can catch up at your own speed.
More and more keep added to the Solana page so be sure to regularly check it out — a shortlist of worthy panels that happened — of course not comprehensive.
Opening panel: State of the Network (with Anatoly Yakovenko and Raj Gokal)
Closing panel: Closing Ceremony (Raj Gokal & Anatoly Yakovenko)
Oracles (Pyth): From Elsewhere: Oracles and Data Feeds (Hendrik Hofstadt & Kanav Karyia)
EVM (Ethereum) dApps on Solana: Neon Labs Cross Chain EVM for Solana Workshop
Brave Software to join Solana: Talk by Brave's Brendan Eich with Anatoly Yakovenko
Jump Crypto within Solana: Why's a Quant Trading Firm Building on a Blockchain?
Blockchain Trilemma: Debate: Scaling and the Censorship Resistance Threshold
A Multi-Chain World: Multi Chain Futures: What Builders and Investors Are Watching For
As panels went on, one thing continued to clarify – Solana has truly experienced exponential growth over the past year, and that driving enthusiasm has not wavered. Our team at Pyth is proud and excited to be a part of the Solana community. We are also excited to continue our own expansion and growth with cross-chain capabilities made possible with the support of the Wormhole, now bridging Solana, Ethereum, Terra, BSC, and Polygon, with many more to come. We encourage you to learn more about this exciting cross-chain project.
Whether you missed the event or have made the trip to Lisbon, Portugal, we can all enjoy this nice video from Solana and cherish those memories!
Pyth Events
Alongside the conference, Pyth held 2 events that had a huge turnout. We would like to thank again all the people that came and our wonderful organizing partners: Audius, Burnt Finance, Commonwealth, Figment, HXRO Network, Injective, Lido, Project Serum, and Wormhole!
A Hacker Life
During the Solana Conference, on the side of all the official events & venues, Xico and the Metaplex team organized the Lisbon Hacker House to allow anyone to have a place where they could build in peace or alongside other Solana builders. This Hacker House ended as one of the places to be in Lisbon for everyone partaking in the Solana ecosystem, for those who missed it, here is a short recap video.
This initiative was a great success and proof of a tightknit Solana community — many protocols even issued prizes for building on top of their product or new features. About $250K, all voluntarily contributed by teams, were up for grabs.
Building on this success, a new ephemeral Solana Hacker House will take place early December in Miami, USA. For 1 week, December 1 - 7, Solana builders will meet up again and this time to take down other challenges.
Having witnessed firsthand the hit the Lisbon Hacker House was, Pyth has decided to become an official sponsor of the Miami Hacker House! Since its inception, Pyth has been open-sourced and so welcomes any developer to participate in the building of the next digital marketplace of institutional-grade and HiFi financial data. To further incentive community building, a Pyth prize will be presented shortly — so stay tuned for details!
New Partner
In the same vein as the Miami Hacker House, Pyth remains fully committed to further pushing the development of the network by expanding its contributors and did just that by officially welcoming Figment, whose mission is to support the adoption, growth, and long term success of the Web 3 ecosystem.
As a core partner to the network, Figment will be working closely with the entire Pyth community, including our growing roster of market data providers, to bring more functionality and usability to the Pyth HiFi market data. Figment will also be creating a Pyth network knowledge base on Figment Learn, which will guide developers through their first Pyth network data integration. This will include future incentives for developers who create additional tutorials that expand on Pyth network’s use cases.
“DataHub aims to greatly improve the access to leading Web 3 protocols and we believe oracles will play an essential role in the Web 3 stack. With this partnership, we will help Pyth become a dominant solution within its category by helping developers and publishers leverage its full potential.” Yannick Folla — Product Lead at Figment.
New Publishers
Another substack another set of publishers onboarded! After a monstrous stretch in late October with the arrival of Gate.io, GHCO, 0x, OSL, Two Sigma Securities, Alameda Research and Belvedere Trading, early November has come back with the same strength and 5 new data publishers.
As always, the Pyth network continues to onboard some of the world’s most prominent trading firms, exchanges, and crypto natives, all of which own their data and can provide reliable price updates with granularity and efficiency. If you think this is you, and you want to be a part of the core of the future of DeFi, reach out!
DeFi Technologies Inc. is a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance.
DeFi Technologies is the only publicly-traded company built to give investors direct exposure to the booming Decentralized Finance market. Our mission is to expand investor access to industry-leading decentralized technologies allowing investors to access the future of finance via regulated equity exchanges.
Founded in 1998, Tower Research Capital is a leading quantitative trading and technology company that has built some of the fastest, most sophisticated electronic trading platforms in the world.
TRC has now offices around the world in New York, Chicago, Charleston, Montreal, London, Amsterdam, Gurgaon, Gift City, Singapore, Hong Kong, and Shanghai
XBTO is a global institutional market maker and asset manager providing crypto finance trading and liquidity provision to the world’s most established exchanges.
Established in 2015, XBTO was the first to provide institutional-grade liquidity to major trading platforms. Since then, XBTO has become a recognized and leading proprietary algorithmic trader and venture capital firm.
Founded in 2019, Apifiny is a global digital asset trading network for institutions. The company’s vision is to create one, global trading marketplace for digital assets.
Apifiny HEX is designed to provide the digital asset community with the best of centralized and decentralized trading, including zero taker fees, global price discovery, and predictable liquidity from automated market-making (AMM) and global, centralized exchanges.
CDAP is a technology-forward digital asset trading firm. Headquartered in Lisbon, Portugal, but with a global reach, CDAP specializes in providing liquidity in listed and OTC cryptocurrency derivatives, as well as spot markets.
After its founding in 2016, CDAP leveraged its advanced technology to rapidly grow to be one of the top liquidity providers on several leading global exchanges.
As so many prominent partners join us in our quest to bring HiFi to DeFi, it only felt normal to showcase this incredible roster on our website with our Publishers tab.
That's all for our 7th newsletter — Thank you for reading, and don’t forget to subscribe and share!
We can’t wait to hear what you think! Feel free to join the Pyth Discord server, follow Pyth on Twitter (and our new Chinese Twitter), join the Telegram and the Substack or the Medium to learn more, and ask any questions you may have.