@Pyth Network
Pyth Network ($PYTH ) — is a decentralized financial oracle that provides reliable and up-to-date market data directly from exchanges and trading companies. Unlike other oracles that use third-party aggregators, Pyth ensures high accuracy and transparency of data for smart contracts in blockchain ecosystems such as Solana, Ethereum, and BNB Chain. Network management is carried out through a DAO, and the PYTH token supports the development of the ecosystem and rewards participants.
$PYTH uses a pull model for data transmission, which means that data is sent to the blockchain only when it is actually needed. This approach reduces the load on the network and lowers information processing costs. In addition, Pyth provides data with confidence intervals, which helps users assess the reliability of the information. This technical solution distinguishes Pyth from other oracles and enhances the quality of the provided data.
$PYTH is actively integrating into various blockchain projects and DeFi protocols, as well as being used in artificial intelligence systems and trading bots. #PYTH #PythRoadmap