According to Deep Tide TechFlow news, on July 7, the decentralized oracle solution Pyth Network joined the xStocks Alliance and brought the real-time price data of the 85 most valuable and widely traded companies listed in Hong Kong on-chain, covering some of the largest enterprises in Asia's finance, technology, energy, and other fields. These companies have a total market capitalization of over 28.8 trillion Hong Kong dollars, and the series of data serves as an important indicator of capital flow in Greater China, providing the market with the most direct and combinable way to access the Asia-Pacific stock market.
These data sources are provided by institutional-level market participants, updated every 400 milliseconds, and published in real-time on over 100 blockchains, further bringing traditional asset tracks into programmable finance, helping developers build more complex and precise applications, and unlocking new use cases such as structured products, RWA, asset tokenization, and on-chain market intelligence.
It is reported that Pyth Network supports over 100 blockchains and provides more than 1500 real-time price data feeds. Under the vision of a 'Globally Universal Price Layer', Pyth Network aims to bring the prices of all things on-chain while possessing advantages such as decentralization, timeliness, accuracy, security, transparency, and low cost, further becoming an important force in driving the transformation of the global financial system.
