Challenge

Pyth started on Solana and captured more than 90% of the TVL, but wanted to provide the best in class pricing feed data for all assets across all chains. Doing this on a chain by chain basis would require lots of time, money, and effort to build, manage, and maintain.

Solution

Use Wormhole Messaging to write a single smart contract, and deploy it across every Wormhole-connected chain to share price feed data across networks using cross-chain messages.

Results

Going cross-chain with Wormhole has enabled Pyth to:
Expand to new networks and chains faster than other oracles

• Publish 1.9M aggregated price updates per day across 32 chains and 6 runtimes
• Capture key customers like Synthetix (on Optimism) and Ribbon Finance (on Ethereum)
• Secure 48% of all DEX trading within the first 8 months