back23 Feb 20232 min read
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Pyth Launches Price Oracles on Base (Testnet)

We’re excited to announce that Pyth data feeds are now available on Base, a new Ethereum Layer 2 incubated by Coinbase. Base will serve as a home for Coinbase’s on-chain products and an open ecosystem where anyone can build!

We look forward to supporting the Base DeFi community and helping grow the broader Layer 2 ecosystem by unlocking once-inaccessible financial data for builders. Developers on Base Testnet can now access Pyth’s 200+ price feeds. Our integration with Ethereum layer 2 Base is made possible thanks to Wormhole and many Base contributors.

“We’re excited that Pyth is deploying on Base to support developers looking to build the future of finance and DeFi on-chain," said Jesse Pollak, Base Lead.

“Ethereum and specifically its burgeoning ecosystem of Layer 2’s, we believe to be fundamental to the growth of Crypto, which is why making Pyth data available there is paramount” said Mike Cahill, a director of the Pyth Data Association. “We are excited to already expand to Base as it further increases the availability of Pyth data and empower a wide range of new developers and dApps.”


Base

Base is an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way to build decentralized apps. Base is built on the open source OP Stack, in collaboration with Optimism,a fast, stable, and scalable L2 blockchain built by Ethereum developers for Ethereum developers. Optimism was imagined and designed as a minimal extension to existing Ethereum software, and its EVM-equivalent architecture scales your Ethereum apps without surprises.

Base is targeting a mainnet launch of the network in the coming months.

More details are available on the Base website.

Pyth

The Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment.

The network incentivizes market participants to share directly on-chain the price data collected as part of their existing operations. The network continuously aggregates this first-party price data and makes it available to either on- or off-chain applications through a price service API. Users of Pyth data can then permissionlessly update the prices on-chain whenever needed.

In less than a year, the network secured more than $2.0B in total value and currently supports 200+ price feeds across crypto. More details are available on our website, whitepaper, docs, and wiki.


What’s Next?

We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.

Now that Pyth has officially joined the Base community, you will soon see many more ERC tokens supported on the network as well as Base applications leveraging Pyth data. You can find our price feeds on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.

Resources


We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.

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