Martha Ezeani 
Pyth Network Introduces Live Market Data on Hedera
Pyth Network has launched over 400 real-time market data feeds on Hedera offering ultra-low-latency updates across various asset classes.
Pyth Network, known for supplying real-time market data for blockchain applications will unveil price feeds and Pyth benchmarks on Hedera
On February 26, a press statement announced the availability of over 400 Pyth pricing feeds on Hedera. “Python price feeds will offer a pull oracle design to enable Hedera users and developers access to the latest price updates for over 400 ultra-low-latency price feeds across cryptocurrencies, foreign exchange, commodities, equities and exchange-traded funds (ETFs).” stated Grace Pfluger, director of business development at the HBAR Foundation.
Pyth Network Price Feeds Boost DeFi on Hedera
Pyth price feeds offer a confidence interval feature that alerts downstream protocols to persistent volatility and market disruptions. HLiquity, a decentralized borrowing protocol allows users to borrow money against Hedera’s HBAR with no interest charges—the first Hedera application to include phyth data.
HLiquity monitors the current HBAR and Swiss franc exchange rates to ensure that user vaults and the protocol as a whole remain overcollateralized. A first-party financial oracle network, the Pyth Network feeds several blockchains with real-time low-latency data. It was declared on February 20th that price feeds for 13 Bitcoin ETFs would be available.
The business claims that by bringing institutional capital on-chain the feeds might help decentralized financial platforms increase liquidity, improve risk mitigation techniques and broaden portfolio alternatives.
The Hedera Global Governing Council, which is in charge of the Hedera network, authorized the donation of 4.86 billion HBAR or around $408 million, in January 2024 in order to promote decentralized governance and ongoing development. With over 33 billion real-world transactions on the network in 2023, Hedera aims to bolster its foundation with the help of these funds.
