back30 May 20242 min read
blog post image

Pyth Price Feeds Launch on Layer N

This blog post marks the launch of Pyth Price Feeds on Layer N, an Ethereum StateNet and novel Layer 2 network featuring custom VMs powered by a shared communication and liquidity layer.

Thanks to this deployment, protocol developers on Layer N can access over 500 real-time price feeds for cryptocurrencies and traditional assets. Pyth’s pull oracle design empowers Layer N users with continuous access to low-latency, high-frequency price updates on-chain. Integration with the Pyth price oracle is seamless and permissionless, meaning builders starting off on Layer N can tap into real-time price data with just a few lines of code.


Pyth Data on Layer N

Layer N is designed to expand what can be built on-chain by focusing on performance and user experience. In order to achieve this, Layer N enables seamless communication, liquidity sharing, and composability between applications and XVMs without withdrawal periods.

The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Layer N’s performance-centric liquidity and communication environment. Real-time access to granular price feeds that reflect the 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 Layer N.

Layer N

Layer N is designed to enhance on-chain capabilities by maximizing performance and user experience. It enables seamless communication, liquidity sharing, and composability between applications and XVMs without withdrawal periods or bridging risks.

Developers can create applications on Layer N by building an XVM or utilizing the public N-EVM instance. Benefits include ultra-low execution latencies, higher throughput, negligible transaction fees, and full composability and shared liquidity across all XVMs.

For more information about Layer N, please visit their website or documentation.

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.

Pyth secures over $5B in TVL and powers over 350 protocols. The network offers more than 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $400B in trading volume across over 50 blockchains.

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


What’s Next?

We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.

Now that Pyth has officially joined the Layer N community, you will soon see many more tokens supported on the network as well as applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our 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.

Stay Updated with Pyth

Stay informed about Pyth network's development and upcoming events!