We are honoured to announce that Virtu Financial, one of the worldwide leaders in trading and execution services, is joining Pyth Network to deliver institutional grade market data to power the world of DeFi!

Who is Virtu Financial?

  • Recognized global leader in market making and execution services
  • Publicly listed market makers on the NASDAQ (Ticker: VIRT)
  • Robust product suite with offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology
  • Integrated, multi-asset analytics platform provides a range of pre and post-trade services, data products and compliance tools

Proven track record:

  • Provides liquidity for over 25,000 securities, spread…

We are proud to announce that LMAX, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, is participating in the Pyth Network to deliver institutional grade market data to the DeFi ecosystem!

Who is LMAX?

  • LMAX Group is the leading independent operator of institutional execution venues for FX and crypto currency trading
  • LMAX Digital is the institutional cryptocurrency exchange from the LMAX Group, which operates a leading FCA regulated trading venue
  • LMAX Digital trades over $2.5 billion per day
  • Builds and runs its own high performance, ultra-low latency global exchange infrastructure, which includes matching engines in…

  • Pyth data providers stream a price along with the confidence/uncertainty that they estimate using information available to them.
  • For example, a data provider focused on a particular market could represent confidence as the bid / ask spread on that venue.
  • Alternatively, focused on multiple venues, a data provider could represent confidence as a function of where they expect trades to occur.
  • In different markets, uncertainties will vary due to market structure.

Measurement Uncertainty

In scientific and engineering fields, an observation or measurement is almost always accompanied by a measurement uncertainty. The distance between two points might be measured to be 10.12m +/…


We are excited to announce that GTS, one of the leading global electronic market makers on the NYSE, is joining Pyth as an institutional data provider in our oracle network solution.

Who is GTS?

  • Designated Market Maker (DMM) on NYSE, highest regulated exchange in the world
  • Recognized global leader in sophisticated asset pricing and risk transfers
  • Trades approximately 50,000 financial instruments across multiple asset classes globally
  • Leveraging newest AI systems and sophisticated pricing models to bring efficiency and transparency to markets

Proven track record:

  • As leading DMM at NYSE since 2016, responsible for nearly $13 trillion of market capitalization across…


It’s been a little more than a month since Pyth Network made its appearance.

That same day, we announced our goal of creating a next generation oracle solution that will bring high fidelity, fully streaming financial data to DeFi.

The outpour of excitement and optimism for Pyth has been overwhelming. Thank you everyone for your support and patience.

Pyth Network is a new and specialized oracle solution for latency-sensitive financial data that is typically guarded behind the “walled gardens’’ of centralized institutions. Pyth is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating…


Summary:

  • Pyth Network will go cross chain via Wormhole
  • Oracle prices are expected to go live on Ethereum and Terra shortly after mainnet launch
  • Solana is the home base for Pyth, where heavy computation and aggregation takes place

We believe that exciting innovation exists across the entire public blockchain space and aim for the Pyth Network to be a key part of the infrastructure upon which applications across the global blockchain ecosystem are built.

In a previous blog post, we laid out a few of the reasons why we chose Solana as the foundation of the Pyth Network. Namely, Solana…


We’re thrilled with the community excitement and response and wanted to share some insights on some key focus areas for the network. We plan to update this page with additional information and milestones as they become available.

Phase one: In progress

Launch initial symbols to cover difficult to source off-chain data, as well as easy to compare on-chain data.

• US Equities, Crypto

Price + Confidence interval

• Market status signals

• TWAPs

• Advanced aggregation combination methods

Work with companies that have access to unique data sources and desire to bring the data on-chain.


At the dawn of the internet, it took a while for people to get comfortable with trusting internet companies to do the things that non-internet companies did. First generation internet companies generally took their traditional business models and ported them online: many magazine websites, for example, were initially just PDFs of the magazine itself. Over time, attitudes changed and companies today optimize for internet-first business models.

People like to use the analogy that blockchain will turn some of the biggest internet companies into protocols and outsource their roles to incentivized market participants. We tend to agree. Over time, orthogonal protocol-first


Oracle attack vectors have received a lot of thoughtful treatments, probably none more so then Samczsun’s take here. In closing, he prudently advises use of TWAPs and more robust aggregation. The tradeoff with TWAPs, of course, is the lack of responsiveness that is well acknowledged in the article. The bleeding edge of financial applications require fast oracles, however, which means not only quick updates, but also no speed bumps along the way. This is why the Pyth network focuses on highly robust aggregation.


Today we’re beyond excited to introduce the Pyth Network, a next generation oracle solution designed to bring Hifi data to DeFi.

Pyth Network is being built by some of the biggest names in traditional finance and DeFi with the goal of providing the infrastructure for DeFi to support substantial growth in the market. This requires legally authorized access to unique data sets, sub-second update speeds, sophisticated outputs and aggregation methods, and a thorough incentive system to ward off spurious or malicious data breaches.

Why are we doing this?

  1. We think DeFi likely will grow. A lot. If DeFi reaches its…

Pyth Network

Smarter data for smarter contracts. Pyth is designed to bring real-world data on-chain on a sub-second timescale.

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