Shortly after the merger between Klaytn and Finschia as part of ‘Project Dragon’, Pyth Price Feeds are now deployed and live on Kaia, a highly optimized, BFT-based public blockchain that is home to Asia’s largest Web3 ecosystem.
Kaia is designed around the principles of Community, Sustainability, and Simplicity as part of their journey to spearhead blockchain and Web3 adoption. In line with these principles, Pyth Network unlocks over 500 real-time price feeds for major asset classes to developers building on Kaia. After all, developers deserve simplified and permissionless access to the price data they need to serve their community.
Pyth’s pull oracle design ensures that users on Kaia can always enjoy high-frequency price updates and low latencies for a cutting-edge on-chain experience. This blog post will explore what this partnership means Pyth Network καὶ (and) Kaia.
"Pyth's high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia." - Dr. Sam Seo, Representative Director of Klaytn Foundation.
low latencies
Kaia was formed from a chain merge between Klaytn and Finschia. The result is a new blockchain ecosystem poised to become Asia’s leading platform in the Web3 space.
Kaia is designed to expand what can be built on-chain by focusing on performance, scalability, and ease of adoption. It achieves this through immediate finality, high TPS, and low transaction costs, making it ideal for enterprise-grade applications.
Kaia will integrate over 420 dApps and services to enhance ecosystem liquidity and builder scalability. One highlight is the integration of Kakao and LINE messengers to provide over 250 million potential touchpoints across the Asian market.
The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Kaia’s high-performance and massive consumer environment. Real-time access to granular price feeds that reflect the external markets is necessary for reliable, high-throughput DeFi applications: Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network’s mission with that of Kaia.
Kaia
Kaia enhances on-chain capabilities by maximizing performance and user experience. It offers:
- Low TX Latency: 1-second block generation and immediate absolute finality.
- High TPS: Capable of processing 4,000 transactions per second.
- Low Gas Price: Approximately 1/100th of Ethereum's gas costs.
- EVM Equivalence: Guaranteed equivalent interfacing and execution behavior.
Kaia’s network is composed of three logical subnetworks: Core Cell Network (CCN), Endpoint Node Network (ENN), and Service Chain Network (SCN). These components ensure efficient transaction processing, data handling, and application-specific blockchain operations.
Pyth
Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 65 blockchains in a secure, transparent manner. Pyth supports 540+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.
The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network’s innovative pull oracle design enables apps to "pull" the latest price onto their native chain on demand.
In less than a year since the launch of its cross-chain pull oracle, the network has secured over $2.0B in total value. The Pyth Network has been used by DeFi protocols in over $500B in trading volume and over 360 on- and off-chain applications.
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 Kaia. 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 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.
Stay Updated with Pyth
Stay informed about Pyth network's development and upcoming events!
