[Pyth Price Feeds: Ubiquitous full-chain oracle]
For those operating across multiple chains, Python has applications on various Layer2 and EVM networks, as well as many non-EVM chains including Solana.
Pyth Price Feeds is a popular oracle service that provides instant data from multiple markets. Since the blockchain itself is a closed system and cannot directly access data from the external network or Web2 system, oracles have become a key tool for utilizing these data, and Pyth is one of them.
For example, on Layer 2 exchanges, users can trade based on reference prices for assets such as Bitcoin and Ethereum. In order to accurately determine prices and properly allocate profits and losses, oracles are needed to provide real-time data from the Bitcoin network and exchanges such as Binance. Pyth provides exactly these capabilities, with the ability to collect data from over 450 markets.
Python's popularity stems from its remarkable achievements in providing the infrastructure for new Layer 2 networks. When a new chain is created, hundreds of DApps require accurate price data to support its operation, from prediction markets to synthetic assets and DEX exchanges.
One of the great features of Python is its Confidence Level, which provides a price range for the displayed asset price, which helps to understand the volatility of a specific asset and the likely range of price changes.
Pyth has already proven its value on Solana, and the chain’s high throughput and low cost require accurate and low-latency solutions, which are critical for wallets, DEXs, and other DApps on Solana.
As Pyth Price Feeds rapidly enters the EVM ecosystem, it is becoming the foundation for the booming on-chain capital market.
