back29 Feb 20244 min read
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Pyth Price Feeds and Entropy Launch on Blast

Pyth Price Feeds and Pyth Entropy are now live on Blast, the first Ethereum Layer 2 blockchain to offer native yield for stablecoins and ether. This deployment follows the recent launch of Pyth oracles on Blast’s testnet environment earlier in January.

Smart contract developers on Blast can access and build with 400+ low-latency price feeds across cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds. Pyth Price Feeds are now securing dozens of decentralized applications launching on mainnet on Blast.

Pyth’s oracle data became available on Blast immediately after its mainnet launch on February 29, 2024. This rapid deployment is a testament to the Pyth Network contributors’ dedication towards building an oracle solution that drives scalable multi-chain growth and sets a new industry standard for DeFi solutions.


Pyth Price Feeds on Blast

Pyth Price Feeds and Pyth Benchmarks are now spuporting the Blast's DeFi ecosystem. Blast developers will benefit from permissionless access to over 400 low-latency data feeds across major crypto and traditional asset classes. Pyth’s price data infrastructure can secure a wide range of smart contract applications ranging from perpetual trading to derivatives, lending to stablecoin protocols, and even Web2-style use cases like data analytics and business intelligence.

The Pyth oracle introduce a specialized pull oracle architecture which empowers smart contract applications to request or pull price updates from the Pythnet appchain only when needed. This design ensures that users have reliable access to the freshest price updates while benefitting from high-frequency and high-resolution prices.

Pyth Price Feeds also include confidence intervals, which are visualized as price bands around the real-time asset price. Confidence intervals provide insights into market volatility and divergences across different markets to help downstream protocols respond to unusual market events.

Who’s Using Pyth Price Feeds?

Over 15 decentralized applications—which have deployed on Blast on the same day of its mainnet launch—are now harnessing Pyth’s price data to secure their operations.

  • DTX—a gateway to 100+ crypto assets with high-leverage options.
  • 100x—a high-speed perpetual DEX experience.
  • Aark—a perpetuals DEX powered by LST/LRT for professional traders.
  • Blast Futures—a perpetuals DEX with native yield.
  • Bloom—a leveraged trading DEX for rebasing assets.
  • Curvance—a modular multi-chain money market with boosted yield.
  • Deriblast—the first Blast prediction market protocol.
  • Easy X—a reimagined perpetual protocol for diverse asset exposure.
  • FragmentFi—a new native liquidity layer and lending protocol for Blast.
  • HMX—a decentralized perpetual protocol with versatile collateral options.
  • Juice—an innovative cross-margin DeFi account.
  • Laser—a liquidity layer for on-chain banking on Blast.
  • Orbit Protocol—a new native lending protocol on Blast.
  • SynFutures Protocol—a decentralized derivative trading protocol.
  • YOLO Games—a high-stakes Web3 gaming platform.
  • Zest—a collateralized stablecoin with 100% capital efficiency on Blast.
  • Pac Finance—a new pioneering DeFi hub on Blast.
  • Seismic Finance—a new Blast native lending market.

Pyth Entropy on Blast

Pyth Entropy is the newest Pyth Network product which securely delivers random numbers to blockchains. A secure source of on-chain randomness ensures unbiased outcomes for decentralized use cases across NFTs, gaming, social media, prediction markets, and more. This new deployment of Pyth Entropy will power creative and unique Web3 user experiences only possible in the Blast ecosystem.


Blast

Blast is a new Ethereum Layer 2 blockchain and the first L2 of its kind offering native yield for ETH and stablecoins along with cheaper and faster transactions. Blast leverages Ethereum’s Shanghai upgrade for features such as auto-rebasing for ETH and a T-Bill yield for stablecoins through USDB (Blast USD). Depositors can earn BLAST points alongside their yields.

Blast is backed by Paradigm, Standard Crypto, and eGirl Capital. To learn more, please visit their website and developers page.

Pyth

The Pyth Network is a first-party financial data oracle network which 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 contract to use. Decentralized applications can request or pull Pyth price updates on-chain when needed.

In less than a year, the network has secured more than $2.0B in total value. Pyth supports over 400 real-time data feeds across crypto, equities, ETF’s, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.

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


What’s Next?

Explore the resources below and get started with Pyth Data. If you have any questions, please feel free to reach out.

You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are in the pipeline. If you would like to request a new data feed, you can reach out 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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