Pyth Data is All Around (#34)
Pyth Data is All Around (#34)
What’s happening in the Pyth ecosystem? Catch the latest developments here on all things Pyth, including new chains, features, and #PoweredByPyth DeFi apps!
Pyth network unlocks financial market data for DeFi and the world. Exchanges, market makers, and trading firms share their data directly to the network: Pyth then aggregates this data on-chain and makes it available for your favorite apps across multiple blockchains.
What’s New in the Ecosystem?
Save the date! It’s a movie premiere!
If you’re new to the Pyth ecosystem, you can watch our latest flagship explainer, where we explore what it means to offer smarter data for smarter contracts.
To all the developers reading—you’re not building alone: engineers working with Pyth data can watch along with Pyth’s contributors in our integration tutorials playlist on Youtube.
Our contributors explain the magic behind the Pyth On-Demand model and demonstrate how to integrate Pyth data into your EVM, Solana, Aptos, and off-chain applications!
Perps Seazon is #PoweredByPyth
Trading platforms like Synthetix, CAP Finance, Drift and Zeta Markets are transforming thanks to Pyth’s low-latency price feeds. The proof is in the pudding:
Last week, Synthetix, a leading perpetuals trading platform on Ethereum and Optimism, launched 22 new markets—all #PoweredByPyth!
Within minutes of launching, milestones were reached: Kwenta, the front-end that enables anyone to trade upon the Synthetix protocol, saw its largest daily volume traded for the past year, up 3x from its past all time high (with $30M)!
Zeta Markets, a decentralized perpetual protocol on Solana, released a $APT (Aptos) perpetuals market. One week later, the platform had processed over $1M in trading volume.
Drift, a decentralized exchange built on the Solana blockchain, enabling transparent and non-custodial trading on cryptocurrencies has passed $100M in perpetual volume traded — this is the first of many milestones from Drift v2. Next? $1B!
DeriTrade, a decentralized derivatives protocol built on BNB Chain, has launched today its private testnet! Today, the platform supports a wide range of assets from crypto to FX and allows up to 50x in leverage. DeriTrade testnet is #PoweredByPyth and open to DeriTrade Alpha Pass Holders. If you don’t have a pass, don’t fret! The public testnet is scheduled for early March.
The Pyth network has been hard at work to support more assets with the dedicated price feeds these platforms need. #PoweredByPyth apps can now support $FLOKI, $BONK, $OP, and $DYDX.
Things are Heating Up!
Our love spans many ecosystems. Pyth is sponsoring a grassroots Aptos developer initiative, the Furnace Hackathon, brought to you by Ferum. Aptos builders had the opportunity to learn from Pyth contributor @cctdaniel on integrating with Pyth data. A recording will soon be available, and we recommend Aptos fans to check out the Furnace Hackathon and the Ferum Discord.
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.
Nice project