back18 Dec 20233 min read
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Movement Labs and Pyth Launch Real-Time Data Feeds for Move Developers

It has never been a better time to get moving! Today, the Pyth contributors are excited to announce a strategic collaboration with Movement Labs, which is building a modular framework to build and deploy Move-based infrastructure, applications, and blockchains.

This partnership will make the 400+ Pyth Price Feeds available to all builders leveraging the Movement SDK—the latter enables builders to utilize the Move Virtual Machine for launching custom Move-EVM blockchains.

EVM applications upgrading their codebases with the Fractal Transpiler and launching on Movement will have access to the best price feeds across networks out of the box. Upgrading smart contract performance and security does not mean sacrificing reach or infrastructure on the Movement Network. In fact, reach is expanded with instant access to price feeds across 45+ chains as they deploy. dApps such as Interest Protocol can effectively price cross-chain and cross-vm assets, secured and supercharged by Move. 

We envision this collaboration as a significant milestone in the evolution of Web3 and decentralized applications. With Pyth, Movement is set to create faster application experiences with more comprehensive data, better UX, and significant performance improvements. Perpetual exchanges on Movement such as Xebra will have pricing as competitive as CEX’s, lower than 10 basis points. 

Pyth’s integration with the Movement Open Framework grants the Oracle Service access to the diverse ecosystem of applications building on the Movement Network, including decentralized apps, games, consumer-oriented applications, and financial products bridging the gap between institutional and retail finance. These applications push the boundaries of development and performance capabilities of previous-generation smart contract development languages and will showcase the power of Pyth price feeds. 

“Next-generation price feeds and oracle services are critical for any next-generation network. With this partnership, Movement is proud to support Pyth as the network’s oracle and deliver real-time data to Move builders within the modular ecosystem.” - Rushi Manche

Abhimanyu Bansal, Head of Partnerships at Douro Labs, said ”Movement exemplifies how modular technology can combine execution and security environments, seamlessly facilitating the flow of liquidity and data. We are thrilled to collaborate with Movement and contribute to their journey by integrating Pyth network oracle feeds into the network. This integration will empower the growth of DeFi and harness the potential of this innovative paradigm.”


Movement

Movement is developing tools and infrastructure to improve the security and efficiency of distributed networks. With a focus on smart contract safety and blockchain scalability, Movement Labs is pioneering new applications in decentralized economies, leveraging the security and performance of the Move Programming Language.

To learn more, visit Movement website, and get involved via the Movement Community Program

Pyth Network

The Pyth Network is the largest and fastest-growing first-party financial oracle network, delivering real-time market data to more than 45 blockchains.

The oracle network comprises some of the world’s largest exchanges, market makers, and trading firms who contribute their proprietary price data on-chain for aggregation and distribution to smart contract protocols.

In less than a year, the oracle network secured more than $2.0B in total value. Pyth has facilitated over $95B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 400+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or documentation.


What’s Next?

You can explore the resources below to get started. If you have any questions, don’t hesitate to reach out.

Developers can check out the price feeds catalog on our website and even see what data feeds are next in the pipeline. If you would like to request a new data feed, please reach out in our Discord.

Resources


We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.

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