back05 Apr 20242 min read
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Pyth Price Feeds Launch on the Parallel Network

The Pyth Price Feeds are now available on the Parallel Network, the first omni-chain restaking L2 that unifies liquidity from any chain into one place. This deployment will empower builders on Parallel to build the future of finance on-chain.

Indeed, as of today, smart contract developers on the Parallel Network can now access and build with 450+ low-latency price feeds for cryptocurrencies, commodities, foreign exchange pairs, and even equities and exchange-traded funds.

"We're excited to work with Pyth to secure our price feeds”, said Yubo Ruan, Founder and CEO, Parallel Network. “As the largest and most trusted oracle network, we will work closely with Pyth to ensure secure and accurate market data for Parallel and its products.”

Pyth Price feeds on Parallel

With the 450+ Pyth Price Feeds now live and permissionlessly usable on the Parallel Network, DeFi is ready to bloom.

And as a matter of fact, the Pyth oracle is already securing the Parallel Super App. The Parallel Super App, stands as an integrated platform that offers a comprehensive suite of DeFi products including lending, staking, trading, and more across diverse networks. The Parallel Super App boasts $82m+ in TVL across its EVM and Polkadot products. Combining it's Super App and L2, Parallel will significantly enhance the omni-chain liquidity and restaking experience.


Parallel Network

Parallel Network is the first omni-chain restaking L2 that focuses on decentralized, secure, restaking with EigenLayer. Backed by $30 million in investment from Sequoia, Polychain, Founders Fund, and more, Parallel Network aims to enhance the omni-chain experience through efficient restaking, lending, and liquidity.

To learn more, please visit their website or documentation.

Pyth Network

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 has secured more than $2.0B in total value and now supports over $5.0B. Pyth supports over 400 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $120B in total trading volume across over 50 blockchain ecosystems.

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


What’s Next?

Explore the resources below and get started with Pyth Data. If you have any questions, please feel free to reach out.

You can find the full list of Pyth Price Feeds available on the official website and see which price feeds are in the pipeline. If you would like to request a new data feed, you can reach out in the 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.

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