back29 May 20243 min read
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Pyth Price Feeds and Entropy Launch on Taiko

Pyth Price Feeds and Entropy are now available on Taiko, an Ethereum-equivalent (Type 1) ZK-EVM based rollup. Smart contract developers entering the rollup based world can now tap into over 500 real-time price feeds across traditional and digital asset classes. Seamless access to low-latency prices will position Web3 developers on Taiko to deliver cutting-edge financial services on-chain.

Pyth Entropy delivers verifiable on-chain randomness for Taiko smart contracts. By guaranteeing reliable access to unpredictable outcomes on-chain, Entropy can power a wide variety of consumer and financial services for the Taiko ecosystem ranging from prediction markets to gaming and NFTs. Integration with both Price Feeds and Entropy is permissionless.


Pyth Data and Taiko

The deployment of Pyth Price Feeds on Taiko enables its developers to permissionlessly integrate over 500 price feeds. Taiko is home to DeFi applications which are already leveraging Pyth’s price data:

HANA Finance—A protocol for supercharging liquidity markets by offering users a decentralized protocol where they can lend, borrow, and earn yield on Taiko.

JAX—A decentralized, non-custodial lending protocol designed to facilitate the interaction between liquidity suppliers and borrowers.

KiloEx — a perpetual dex on BNB Chain, opBNB, and Manta Pacific focused on risk management and capital efficiency, offering users lightning-fast trades and an intuitive trading experience.

The launch of Pyth Entropy provides verifiable on-chain randomness for innovative use cases that rely on a fair and trustless source of unpredictability. Entropy positions the Taiko ecosystem to give rise to new parimutuels, gaming, and other creative applications.

For more information about Taiko, please visit their website or documentation. Pyth is currently available on Taiko using the Pyth Stable price sources accessible through Hermes Stable. You can find the profile and contract address here.

“This partnership marks a significant milestone in our dedication to providing a seamless and efficient development environment, making Taiko a leading choice for Ethereum-based projects. Together, we are setting the foundation for a more interconnected and reliable blockchain ecosystem.”

Taiko

Taiko is an Ethereum-equivalent (Type 1) ZK-EVM, maximally compatible with Ethereum. No additional compiling, reaudits, or tooling needed. Everything is designed to work out of the box.

Taiko demands no additional trust assumptions to Ethereum. As a based rollup with a permissionless and decentralized proposer-prover network from day one, Taiko inherits Ethereum's level of decentralization.

Taiko is a based rollup: the transaction sequencing on Taiko is done by Ethereum validators. Based sequencing is maximally simple and inherits Ethereum's liveness and credible neutrality.

Pyth

The Pyth Network is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.

Pyth incentivizes some of the world’s largest exchanges, market makers, and trading firms to contribute their proprietary data to the network. Pyth aggregates their price data on-chain for smart contracts to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.

In a little over a year, Pyth is already securing over $5B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in total trading volume across over 55 blockchain ecosystems.

For more information about Pyth, please visit the website and documentation.


What’s Next?

Pyth Network is designed to help smart contract developers build out the future of finance. Check out the resources below to get started.

You can find the price feeds available on the Pyth Network website and discover which price feeds are in the pipeline. If you would like to request a new data feed, please reach out to the community in the Discord.

Resources


We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.

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