Pyth Price Feeds Launch on Xion

Today marks the launch of Pyth Price Feeds on Xion, the first blockchain purpose-built for consumer adoption by enabling seamless user experiences for everyday users through crypto abstraction. Smart contract developers building on Xion can now tap into over 500 real-time price feeds across traditional and digital asset classes.

This partnership oversees the deployment of the Pyth oracle on Xion to empower developers to leverage Pyth’s reliable, high-quality data to build the next generation of decentralized consumer applications that drive mass adoption. This blog post offers a deep dive into this strategic partnership below.

"The integration with Pyth's industry-leading oracle will empower developers with high-frequency data feeds to build the next-generation of consumer applications." - Burnt Banksy, core contributor at XION

Pyth Data and Xion

XION is a layer one blockchain designed to enable global mainstream adoption through crypto abstraction. It simplifies user interactions by abstracting the complexities of blockchain technology across multiple dimensions including accounts, signatures, gas fees, interoperability, pricing, devices, and payments. This enables the creation of innovative Web3 projects aimed at bringing decentralized technologies to mainstream audiences globally.

The Pyth pull oracle will enable applications on Xion to request or "pull" price updates permissionlessly from the Pythnet appchain as needed. Thanks to the gas-efficient design of Pyth's pull architecture, downstream users in the Xion ecosystem will always have consistent access to high-frequency market data and the latest price updates.

The integration with Pyth opens up new avenues for developers on XION to create groundbreaking consumer-facing applications. By leveraging Pyth's permissionless access to off-chain data, developers can ensure their applications always have the most up-to-date and accurate information, reducing latency and minimizing pricing discrepancies. This enables the creation of more responsive and reliable applications that can react to market changes in real time. In combining XION's Generalized Abstraction capabilities with Pyth's comprehensive data products, developers are well-equipped to build towards a future where Web3 is accessible to everyone.

For more information about Xion, please visit their website or documentation. Pyth is currently available on Xion using the Pyth Stable price sources accessible through Hermes Stable. You can find the testnet profile and contract address here.

Xion

XION is the first layer 1 blockchain purpose-built for consumer adoption through crypto abstraction. It aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities through Generalized Abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has raised over $30M from industry leaders Animoca, Circle, Multicoin, and more.

Pyth

Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 55 blockchains in a secure, transparent manner. Pyth supports 500+ 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 $400B in trading volume and over 350 on- and off-chain applications. You can learn more about Pyth from their website and documentation.

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 Web3 on Xion. 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 the Pull Oracle Works
• 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.