- Pyth Price Feeds launches on Aurora Cloud, improving real-time data access for dApp developers.
- Aurora Virtual Chains developers can now gain permissionless access to over 500 real-time price feeds on Aurora.
- The integration reduces costs and increases efficiency for Aurora Virtual Chains.
Pyth Network has announced the launch of its price feeds on Aurora Cloud following a partnership with the Aurora Labs team. This will make Pyth Price Feeds permissionless accessible to all upcoming Aurora Virtual Chains, marking a major milestone in the integration of real-time data with decentralized applications.
Aurora, an Ethereum Virtual Machine created by the NEAR Protocol team, provides a turnkey solution for developers looking for an Ethereum-compatible, scalable platform with high throughput and low transaction fees. It consists of the Aurora Engine, a powerful EVM and the Aurora Bridge, which enables the reliable transfer of ETH and ERC-20 tokens between Ethereum and Aurora.
Aurora’s governance is managed by a hybrid model that combines a decentralized autonomous organization (AuroraDAO) and a traditional entity.
On the other hand, Pyth Network stands out as a first-party financial data oracle network, which aggregates proprietary data from some of the world’s largest exchanges and trading firms. This data is then securely delivered to blockchains, supporting more than 350 applications and securing more than $5 billion in total value locked (TVL).
Aurora Virtual Chains developers now have access to real-time price feeds
The Pyth Price Feeds have been available on Aurora since late 2022 and have powered leading applications such as Aurigami.
However, the new architecture of Aurora Virtual Chains, special EVM-compatible blockchains built on the NEAR protocol, ensures seamless communication with Aurora and provides a direct connection to the Pyth oracle. This setup not only facilitates immediate integration, but also minimizes costs for developers as they can leverage pricing updates shared by others within the network.
The Aurora Virtual Chains provide developers with a customized and dedicated blockchain environment. These chains provide an ideal platform for leveraging the robust capabilities of the Pyth Network, which provides low-latency pricing data for a wide range of assets.
Following the partnership with Pyth Network, Aurora Virtual Chains developers will gain access to more than 500 real-time price feeds across both traditional and digital asset classes through an innovative on-demand pull model.
Armand, Product Lead at Aurora, emphasized the simplicity and efficiency this integration brings. Armand said:
“By using Pyth Oracle, we were able to provide developers with a familiar interface that built on top of an Aurora Virtual Chain. And thanks to our cross-contract call technology, all virtual chains communicate with the Pyth Oracle on Aurora Mainnet, making dapps easier to integrate and support from day one.”
Aurora applications like Aurigami, which already update Pyth prices on-chain, will now naturally extend these updates to all Aurora Virtual Chains, improving the efficiency and interoperability of the ecosystem.
