Pyth Network is partnering with Kakarot zkEVM in planting the seeds of Ethereum’s future. This partnership oversees the deployment of Pyth Price Feeds, which will provide smart contract developers in the Kakarot ecosystem with continual access to first-party—some might say farm-to-table—financial data.

Kakarot is a next-generation EVM-compatible zkRollup based on Starkware’s verifiable VM, Cairo to spearhead innovation on Ethereum. The launch of over 550 widely adopted and real-time price feeds across major asset classes paves the way for a cutting-edge DeFi on Kakarot comparable to the performance seen in Web2. This partnership enables Kakarot to prove, scale, and innovate their way to the top of the L2 space.

“Oracles are undeniably a key primitive for DeFi, and we are thrilled to power the DeFi ecosystem within Kakarot thanks to Pyth, one of the industry leaders. Pyth’s robust, reliable, and high-frequency oracles give developers in the Kakarot ecosystem the essential flexibility to harness price feed data and build some of the most agile use cases in the ZK-EVM world.” — Elias Tazartes, co-founder of Kakarot zkEVM.

Pyth Price Feeds on Kakarot

Kakarot is a zkEVM built on Starknet and Cairo – the provable language powering Starknet and StarknetOS chains. It aims to make StarknetOS chains EVM-compatible in the short term and serve as the modular backbone to an EVM validium rollup-as-a-service (RaaS) stack in the medium term. Long-term, Kakarot aspires to be the top-performing zkEVM type 1 client, validating all Ethereum blocks and transactions.

What sets Kakarot apart is its unique implementation of the EVM in a Turing complete zero-knowledge Domain Specific Language (zkDSL) called Cairo. This approach offers unparalleled flexibility and adaptability, enabling Kakarot to support all Ethereum hardforks from day one, minimizing EVM fragmentation and ensuring seamless integration with future Ethereum upgrades. Unlike lower-level approaches that are hard to maintain and adapt, Kakarot's design ensures it remains sustainable and resilient in the evolving Ethereum ecosystem.

By integrating Pyth's low-latency price feeds, Kakarot can further enhance the DeFi experience. Pyth's real-time, high-frequency data provides the most accurate market prices, reducing risks associated with outdated information. This accuracy is crucial for DeFi applications, including perpetual futures and on-chain derivatives, ensuring fair pricing and efficient transaction execution. With Pyth’s reliable price data, Kakarot can offer DeFi users a robust and trustworthy platform, driving innovation and growth in the decentralized finance space.

Kakarot

Kakarot is a next generation EVM-compatible zkRollup based on Starkware’s verifiable VM, Cairo.

As the first DualVM zkRollup on Ethereum, Kakarot enables developers to create hybrid protocols by leveraging both accumulated knowledge of EVM and the ZK performance of Cairo. Additionally with its extremely lightweight and modular architecture, Kakarot is able to rapidly deliver features that community needs to develop user-focused use cases.

Co-founded by Elias Tazartes and Clement Walter, Kakarot is poised to become a key player in the decentralized finance space, offering a scalable and efficient solution for the Ethereum ecosystem.

For more information about Kakarot, please visit the website and 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.

In a little over a year, Pyth is already securing over $8B in TVL and is used by 350+ applications. Pyth supports over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, and has facilitated more than $600B in total trading volume across over 65 blockchain ecosystems.

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

What’s Next?

Pyth Network and Kakarot are joining forces to support smart contract developers in building the future of finance. You can check out the resources below to get started.

Developers can explore the price feeds available and discover which data feeds are in the pipeline. If you would like to request a new price feed, please reach out to the community in 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.