Subscribe for updates
Subscribe to the Wormhole newsletter for exclusive updates.
Pyth now secures 48%*+ of all DEX trading by operating cross-chain with Wormhole
*DEX trading which requires an oracle, such as perpetual futures trading.
Note - DEX’s such as AMM’s typically do not fall into this category. Metric as of 7/31/23.
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:
About Pyth
Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 25 blockchains in a secure, transparent manner. Pyth supports 300+ real-time price feeds across digital assets, equities, ETFs, FX, and commodities.
Thanks to Pyth's innovative pull oracle design, applications can effortlessly “pull” the latest Pyth price onto their native blockchain on demand.
Want to go cross-chain with Wormhole?