The Pyth oracle is now available on Merlin Chain, a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. This deployment further solidifies Pyth Price Feeds as the go-to solution for developers building on the growing Bitcoin ecosystem.
“The team is looking forward to join hands with Pyth, a leading oracle, to help build the foundation of Merlin Chain. With the price feeds and market data Pyth provides, we are now ready to welcome the next generation of Bitcoin and DeFi to Merlin Chain.” — Jeff, Founder of BitmapTech and Merlin Chain
Pyth Price feeds on Merlin Chain
The Pyth Price Feeds are now live on the Merlin Chain DeFi ecosystem. Developers on this Bitcoin Layer 2 can now enjoy permissionless access to over 400 low-latency data feeds across major crypto and traditional asset classes. Pyth’s price data infrastructure can secure a wide range of smart contract applications ranging from perpetual futures trading and derivatives to borrowing and lending.
The Pyth oracle introduce a specialized pull oracle architecture that empowers smart contract applications to request or pull price updates from the Pythnet appchain only when needed. This innovative design ensures that downstream users have reliable access to the freshest price updates while benefitting from high-fidelity and high-frequency data.
Merlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.
To learn more, 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 less than a year, the network has secured more than $2.0B in total value and now supports over $3.0B. 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
- Pyth Website
- Pyth Docs
- Pyth Best Practices
- Pyth On-Demand Update
- Pythnet
- Pyth on EVM
- Pyth Price Feeds IDs
- Pyth Entropy
- Pyth for Off-Chain Use
- Pyth Discord
- Pyth 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.
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