back05 Dec 20232 min read
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Pyth Price Feeds are Live on MODE

We’re excited to announce the launch of Pyth Price Feeds on MODE, an Ethereum L2 part of the OP Superchain. Starting today, smart contract developers on Mode Network have permissionless access to Pyth’s 350+ real-time price feeds for digital assets, foreign exchange pairs, commodities, equities, and ETFs. This launch comes right at the launch of the MODE DeFi Degen Hackathon.

“Pyth launching enables a new wave of cutting-edge DeFi applications to be built by Mode’s developer ecosystem. We couldn’t be more excited to grow Web3 together,” said James Ross, founder at Mode Network.

“We are thrilled to announce that MODE is joining the rapidly expanding and dynamic Pyth Network as the newest blockchain to gain access to our comprehensive suite of nearly 400 real-time price feeds,” said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “As part of our ongoing contribution to the OP Superchain, we are proud to provide support to developers on MODE and foster the growth of high-throughput DeFi on the platform.”

MODE

Mode is an Ethereum L2 built to encourage and support a cooperative on-chain experience. Users and builders grow as the network grows.

The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution to the ecosystem through Sequencer Fee Sharing and User Referral fees.

For more information, please visit the Mode Network website.

MODE DeFi Degen Hack

The MODE DeFi Degen Hack kicked off on November 30 for Web3 developers all around the globe. The hackathon will end on December 22, giving new builders ample time to deploy innovative solutions on the OP Stack that leverage Pyth Price Feeds.

To learn more, visit the Hackathon website, Hackathon Devpost and their documentation.

Pyth Network

The Pyth Network is the largest first-party financial oracle network, delivering real-time market data to over 40 blockchains transparently and securely.

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

In less than a year, the oracle network secured more than $2.0B in total value. Pyth has facilitated over $70B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 350+ 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?

Smart contract developers can explore the resources below to start building. If you have any questions or feedback, please reach out. The MODE DeFi Degen Hackathon is likely the best time to get started on the newest chain from the OP Stack.

You can explore the full Pyth Price Feeds catalog on the website and see which price feeds are next in the pipeline. Developers interested in requesting new data feeds can reach out in the Pyth Network 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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