We are thrilled to announce the launch of Pythnet, a high-performance network based on the Solana codebase. This innovative infrastructure empowers the Pyth Network to aggregate first-party financial data with sub-second latency and distribute price feeds across multiple blockchains via Wormhole, the leading cross-chain messaging protocol.
Why Solana Powers Pythnet's Infrastructure
The Pyth Network selected Solana as its foundation due to the network's proven capabilities:
- High throughput: Processes thousands of transactions per second
- Fast finality: Ensures rapid settlement of price updates
- 400ms slot time: Enables faster price feed updates than most Layer 1 solutions
These technical advantages are crucial for Pyth's mission to deliver thousands of real-time price feeds covering:
- Equities
- Foreign exchange (FX)
- Other financial instruments
"Pyth has become Solana's most widely adopted oracle by bringing institutional-grade pricing to DeFi applications," said Anatoly Yakovenko, Solana Co-Founder. "Pythnet extends this capability with enhanced computational power while delivering even higher-quality data to Solana."
Pythnet's Breakthrough Scaling Capabilities
Currently on Solana:
- Supports 80+ price feeds
- Aggregates data from 65+ premium providers
- Processes 700+ price updates per second
With Pythnet:
- 20x scalability increase
- Capacity for tens of thousands of updates/second
- Expanded financial data offerings
- Growing network of first-party data providers
All new high-fidelity feeds will be available across multiple chains, including Solana, via Wormhole integration.
Governance and Staking Evolution
Key developments in Pyth's ecosystem:
- Continued development of staking/governance on Solana
- Introduction of PYTH governance token as SPL token
- Enhanced Solana price feeds through Pythnet
Developer Resources: Pythnet Price Feeds
Developers can now integrate with:
- Pythnet Price Feeds
- Innovative pull oracle (on-demand) mechanism
Available resources:
- Technical documentation
- Real-world implementation examples (e.g., Ribbon Finance)
FAQ Section
Q: What makes Pythnet different from traditional oracles?
A: Pythnet combines Solana's high-performance infrastructure with first-party data aggregation and cross-chain distribution via Wormhole.
Q: How often do Pythnet price feeds update?
A: The network supports sub-second updates, with capacity for tens of thousands of price updates per second.
Q: What chains will receive Pythnet feeds?
A: Initially available on Solana with multi-chain distribution via Wormhole.
Q: When will PYTH governance tokens launch?
A: Details will be announced through official Pyth Network channels.
Q: How can developers implement Pythnet feeds?
A: Documentation provides integration guides and code examples.
Q: What financial instruments does Pyth cover?
👉 Crypto assets, equities, FX, and more - with expansion planned.
Join the Pyth Community
Engage with our growing ecosystem:
- Discord community
- Twitter updates
- Telegram discussions
Discover how Pythnet is revolutionizing decentralized financial data infrastructure.