back30 Jan 20242 min read
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Pyth Price Feeds Launch on Filecoin VM

Today marks the launch of Pyth Price Feeds on Filecoin VM, a runtime environment for smart contracts on the Filecoin network. Filecoin is a decentralized storage network designed to store humanity’s most important information.

This deployment is dedicated to unlocking data for global Web2 and Web3 participants. Over 400 real-time market data feeds are now permissionlessly available to smart contract developers on the Filecoin peer-to-peer network.

"This collaboration between the Pyth Network and Filecoin Ecosystem underscores a joint commitment to enabling robust markets in the Filecoin economy. The launch of Pyth Price Feeds is a critical pillar to enabling the DeFi ecosystem on the FVM to accelerate in 2024.” — Jonathan Victor, Co-Founder at Ansa Research


Filecoin

Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored them correctly over time.

Anyone who wants to store their files or get paid for storing other users’ files can join Filecoin. Available storage, and the price of that storage, are not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in. To learn more about Filecoin, please visit their website.

Pyth

The Pyth Network is a first-party data oracle network specializing in publishing low-latency financial data to blockchains transparently and securely.

The Pyth protocol accomplishes this mission by incentivizing the world’s largest institutional market participants — exchanges, market makers, and trading firms — to contribute their proprietary data to the network. Pyth aggregates their data on-chain for downstream use on smart contract applications. Smart contracts can pull Pyth price updates on-demand.

In less than a year, the network secured over $2.0B in value. Pyth currently supports 400+ real-time price feeds across cryptocurrencies, equities, ETF’s, FX, and commodities. The network has facilitated more than $100B in trading volume across more than 50 blockchains.

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


What’s Next?

We invite developers to explore the resources below and get started with Pyth Data. If you have any questions, please reach out.

You can explore the full catalog of Pyth Price Feeds on our website and learn which price feeds are in the pipeline. If you would like to request a new data feed, please reach out in the Discord.

Resources


We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X and LinkedIn.

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