Injective has integrated Pyth price feeds into its inEVM, giving smart contract developers access to more than 450 real-time market data feeds, Pyth Network shared today in a post on X. This integration follows Injective’s recent launch of inEVM on mainnet, a first of its kind package designed to improve concurrent VM development.
Last week, @Injective launched inEVM on mainnet, the first package designed to boost concurrent VM development.
The launch also saw over 450 Pyth Price Feeds go live so developers could tap into and secure their smart contracts 🔮
Read more about our implementation below:
ℹ️ About… pic.twitter.com/e5DY3YBz0J
— Pyth Network 🔮 (@PythNetwork) March 14, 2024
Deploying Pyth price feeds allows developers to build advanced DeFi applications with access to a wide range of reliable, low-latency price feeds. Pyth Network said in a blog post that these feeds include not only crypto, but also commodities, currency pairs, stocks and exchange-traded funds.
Additionally, Pyth Network’s specialized pull oracle design is a game-changer for smart contract applications, allowing them to request price updates on demand via the Pythnet appchain, according to Pyth Network. Pyth’s design allows smart contracts to actively request price updates when needed. This ensures that the information used in DeFi applications is always as current as possible, which is crucial for fast-moving markets, according to Pyth Network.
Since the beginning of the year, Pyth Network has forged partnerships with major crypto players, most notably joining forces with Hedera in February to simplify real-time access to price feeds for DeFi developers. Additionally, Laser Digital (LD), the digital asset subsidiary of Japanese banking giant Nomura, announced its partnership with Pyth Network earlier this month, officially becoming a data provider for Pyth’s data oracle ecosystem.
