🐋 Beyond looking at capital flows, these basics are worth understanding too: the two types of oracles
Pull oracles keep signed prices off-chain. When an application makes a transaction, it submits the price along with it, and the on-chain contract uses it only after verifying the signature.
The advantage of push oracles is that contracts can use the data right away. The trade-off is that the oracle network must keep spending Gas to push updates, so the update frequency can't be increased arbitrarily.
$PYTH is the token of Pyth, an oracle network that uses a pull-based design.
Don't place an order just because everyone around you is buying.
#PYTH
Pull oracles keep signed prices off-chain. When an application makes a transaction, it submits the price along with it, and the on-chain contract uses it only after verifying the signature.
The advantage of push oracles is that contracts can use the data right away. The trade-off is that the oracle network must keep spending Gas to push updates, so the update frequency can't be increased arbitrarily.
$PYTH is the token of Pyth, an oracle network that uses a pull-based design.
Don't place an order just because everyone around you is buying.
#PYTH