Pyth Network, a leading price feed oracle and market data provider, has launched new price feeds for two blockchain tokens: W and USDB. The price feeds are now available on approximately 50 blockchains that have integrated Pyth into their protocols.
W is the governance token for Wormhole, a cross-chain messaging platform that enables developers to create interoperable decentralized applications. USDB, on the other hand, is the native stablecoin of Blast, a new layer-2 network built on Ethereum offering native yield for ether (ETH) and stablecoins.
Despite rumors suggesting Blast might be a Ponzi scheme due to its seemingly unsustainable yield rates, the founder, Tieshun Roquerre, has clarified that Blast’s yields are sustainable, sourced from the liquid staking protocol Lido and T-Bills on DeFi protocol MakerDAO.
Pyth's native token, PYTH, has experienced a 4.5% drop in the past 24 hours but has seen a 27% increase over the past month. This development is another instance of Pyth answering the call of DeFi and releasing super hot price feeds across multiple blockchains swiftly, unlike other oracles.