🚀 Ensuring Cross-Chain Data Consistency with $PYTH
In the multi-chain world, one of the biggest risks is cross-chain data inconsistency — when the same asset shows different prices across blockchains like Ethereum and Arbitrum. This opens the door to arbitrage exploits and instability for cross-chain protocols. The Pyth Network, powered by $PYTH, solves this with its unique design.
At the heart of this system is Pythnet, a dedicated appchain where first-party providers send price data. Pythnet aggregates this into one canonical price, which is then broadcast to all supported blockchains. This ensures that BTC/USD on Arbitrum is identical to BTC/USD on Polygon in real-time. With its single source of truth model, Pyth creates a safer, unified data layer for DeFi.
