Today marks the launch of Pyth Price Feeds on Eclipse testnet, the first Solana Virtual Machine (SVM) Layer 2 combining Ethereum’s security, Solana’s performance, and Celestia’s DA.
Smart contract developers building on Eclipse can now tap into over 500 real-time price feeds across traditional and digital asset classes. The deployment of the Pyth oracle on Eclipse will help secure its native DeFi applications with high-fidelity, high-frequency price data.
This blog post delves into this strategic partnership and the critical role the Pyth Network plays in the Eclipse ecosystem.
"Now that Pyth price feeds are available on Eclipse, developers can build high-powered onchain DeFi applications directly on an Ethereum L2. Since we use the Solana Virtual Machine, developers can access reliable price data that is updated much more frequently than other blockchains, and as a result, unlock a vast array of high-frequency dApps." — Vijay Chetty, CEO of Eclipse Labs.
“Eclipse leads in modular technology by fusing Ethereum's security with Solana's performance. It shares numerous synergies with Pyth Network, as both utilize Solana VM to achieve high throughput and low latency performance. We eagerly anticipate how Pyth's price feeds will enable exciting DeFi applications in this new paradigm.” — Mike Cahill, CEO of Douro Labs.
Pyth Data on Eclipse
Eclipse is redefining the Ethereum Layer 2 landscape by harnessing the Solana Virtual Machine's capabilities for unmatched speed and scalability for developers. Applications on Eclipse require low-latency data and fast update speeds to maintain high throughput DeFi services. The integration of the Pyth pull oracle, coupled with Eclipse's rapid block times, ensures that developers on Eclipse benefit from high-frequency price updates and continual access to the most recently updated price.
- Neptune Protocol allows users to mint USDN, a stablecoin soft-pegged to the US dollar. USDN is minted on flexible terms and gives users instant access to the Eclipse ecosystem.
- Solend is an algorithmic, decentralized lending and borrowing protocol on Solana and soon to be available on Eclipse.
- Mango Markets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine — launched on Solana, Mango is soon expanding to Eclipse.
- Clone is the home of non-native token trading on Solana—where anyone can get exposure to ‘clone’ (synthetic) assets like SUI, OP, ARB, DOGE, and many more directly on Solana and soon on Eclipse.
- Decalls is building the ultimate prediction platform on Solana (and soon Eclipse) where anyone can wager on whether the price of an asset will rise or fall within a specific period.
For more information about Eclipse, please visit their website or documentation. Pyth is currently available on Eclipse using the Pyth Stable price sources accessible through Hermes Stable. You can find the testnet profile and contract address here.
Eclipse
Eclipse, utilizing the Solana Virtual Machine, stands out as an Ethereum Layer 2 that combines speed, security, and scalability.
Designed to support demanding applications in finance and gaming, Eclipse enables developers to build high-performance applications aligned with core Web3 principles. The Ethereum Layer 2 leverages the SVM as its execution layer to enhance transaction throughput, benefiting from features like parallel execution and isolated fee markets.
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 less than a year, the network secured more than $2.0B in total value and now supports over $7.0B. 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?
We look forward to supporting your team in building the future of finance on Eclipse. Explore the resources below to get started. If you have any questions, please reach out.
Developers can find the full catalog of price feeds available on here and discover which price feeds are in the pipeline. If you would like to request a new price feed, you can submit your request in the Discord.
Resources
- Explore Pyth
- Documentation
- Best Practices
- How the Pull Oracle Works
- Pythnet Appchain
- Pyth on EVM
- Pyth Price Feeds IDs
- Discord
- Telegram
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.
Stay Updated with Pyth
Stay informed about Pyth network's development and upcoming events!
