Pyth Network Expands Oracle Services to IOTA EVM, Empowering DeFi Ecosystem with Accurate Data

Pyth Network has launched its oracle services on the IOTA EVM, improving data accuracy and security in the IOTA ecosystem. The Pyth Network provides price feeds for over 500 assets, offering dApps secure access to essential data. This integration benefits decentralized exchanges, lending protocols, and derivatives platforms.

Pyth Network, a leading provider of decentralized oracle services, has now launched its oracle services on the IOTA EVM, enhancing the accuracy and security of data in the IOTA ecosystem.

With Pyth Network’s integration, dApps on IOTA EVM will now have access to up-to-date and reliable price feeds for over 500 assets, including cryptocurrencies, fiat currencies, commodities, and indices. This integration will be particularly beneficial for decentralized exchanges, lending protocols, and derivatives platforms.

Currently, over 300 applications and 50 blockchains are utilizing Pyth Network’s services, which push price updates multiple times per second to ensure continuous data availability. This integration marks a significant milestone for IOTA EVM, providing accurate, reliable, and secure data feeds.

Pyth Network’s expansion of services is crucial for the development of innovative financial products and services within the DeFi landscape.

Key Takeaways from the Latest Crypto News: Render, Pyth Network, and BlockDAG

While Render’s AI-powered potential and Pyth Network’s robust DeFi infrastructure enhancements are noteworthy, BlockDAG’s impressive presale performance and innovative blockchain solutions position it as a frontrunner.

BlockDAG has raised $53.2 million in its presale, with projections suggesting a potential 30,000x ROI. Its ability to facilitate efficient and secure transactions has fueled its growth, making it a top layer 1 crypto.

Given the significant investor interest and projected substantial growth, BlockDAG appears to be the most promising investment. Compared to the Render (RNDR) price and the latest Pyth Network news, BlockDAG stands out as the best opportunity.

News source：https://www.kdj.com/cryptocurrencies-news/articles/pyth-network-expands-oracle-services-iota-evm-empowering-defi-ecosystem-accurate-data.html

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