In its quest to onboard the world to Web3 and push the boundaries of the known blockchain universe, Galxe recently announced the launch of Gravity, a Layer 1 omnichain. Starting today, Gravity will be powered by Pyth, with Price Feeds being available to developers building on Gravity and looking to leverage the chain’s performance and UX capabilities.

In addition to Gravity’s cross-chain settlement protocol and fast finality, smart contract developers can also tap into Pyth Network’s 550+ real-time price feeds for cryptocurrencies and even traditional asset classes. Users are more than ever searching for an on-chain experience that prioritizes user-friendliness and which abstracts away the longstanding complexities of Web3. This universal demand extends to the domain of on-chain finance—Pyth’s specialization. The Pyth Network’s innovative pull oracle will empower users on Gravity with continuous access to low-latency and high-frequency price updates for a more secure DeFi experience that feels like TradFi.

Mass adoption is a two-way street: To help attract more developers to the Galxe ecosystem, integration with Pyth Price Feeds on Gravity is permissionless and requires just a few lines of code. This blog post will dive deeper into this deployment.

"Integrating Pyth Network’s price feeds with Gravity gives our users fast, accurate price updates, making DeFi on Gravity more secure and user-friendly. This step is crucial for building a strong DeFi ecosystem, offering real-time market data to support high-performance applications." – Charles Wayn, Co-founder of Galxe

Pyth Price Feeds Launch on Gravity

Gravity is designed to elevate on-chain capabilities by focusing on performance, scalability, and security. As a Layer 1 omnichain smart contract platform, Gravity integrates advanced technologies like Zero-Knowledge Proofs and state-of-the-art consensus mechanisms, such as the Jolteon algorithm, enabling efficient cross-chain transactions and an enhanced user experience. With its high-performance execution layer, Reth, Gravity ensures near-instant transaction finality and high throughput, making it ideal for complex Web3 operations.

The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Gravity’s high-performance environment. Real-time access to granular price feeds that reflect external markets is necessary for high-throughput DeFi applications. Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network with the mission of Gravity. By providing accurate, low-latency market data from institutional and decentralized sources, Pyth enhances the reliability and security of DeFi applications on Gravity, fostering a robust and scalable financial ecosystem.

Gravity

Gravity enhances on-chain capabilities by maximizing performance and user experience. It enables seamless cross-chain transactions, efficient verification, and high-performance execution without exposing users to the intricacies of on-chain interactions.

Developers can create applications on Gravity by leveraging its full EVM compatibility and integrating with its advanced features. Benefits include ultra-low execution latencies, higher throughput, negligible transaction fees, and full composability across multiple chains.

For more information about Gravity, please visit their website.

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 $500B in total trading volume across over 65 blockchain ecosystems.

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

What’s Next?

Pyth Network and Galxe are joining forces to onboard the next million, and then one billion, users on-chain. As part of this mission, Pyth is equipping contract developers with low-latency, scalable price feed offerings to build the future of finance. Explore the resources below to get started.

Developers can explore the price feeds available and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in Discord.

Resources

• Explore Pyth
• Documentation
• Best Practices
• How Pull Oracles Work
• 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.