Pyth Network transforms Onchain market data infrastructure with millisecond price feed updates

Porto, Portugal, January 15, 2025, Chainwire

Oracle’s new solution, Pyth Lazer, delivers unprecedented speed and is designed to help DEXs outperform CEXs

Beth Network (“Pyth”), the public decentralized data infrastructure enabling the next generation of financial applications, today announced the launch of Pyth Lazer, a specialized price feed for latency-sensitive DeFi and CeFi applications as a free oracle offering for Pyth Core. This ultra-low latency offering sets a new standard for price feed update speeds with near-instantaneous updates processed as quickly as one millisecond for up to 1,000 of the best digital and traditional assets.

Michael Cahill, CEO and co-founder of Douro Labs He commented on the news, saying: “A delay of even a few milliseconds can prevent traders from taking advantage of the arbitrage opportunity that a centralized platform allows you to effortlessly exploit, which is why Pyth Lazer is a quantum leap forward for DeFi. This augmented oracle solution opens up the possibilities of New by giving protocols the tools to stay in sync with real-time market movements and outperform in volatile financial markets.

Currently, traditional oracle models, which often suffer from latency issues, are a barrier to achieving the speed and accuracy required for modern DeFi applications to compete with traditional trading venues like Nasdaq. Pyth Lazer is designed for protocols that require speed – such as derivative DEXs that compete directly with their more centralized counterparts.

Some of the key features of Pyth Lazer include:

• Unprecedented speed: Customizable frequency channels provide ultra-low latency feeds with custom 1ms, 50ms, and 200ms updates, and customizable frequencies based on demand, giving DeFi protocols the ability to match their data consumption to their performance goals without Sacrificing speed or accuracy.
• Support for all compatible Blockchains: Integrate Pyth Lazer feeds seamlessly across Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM) environments – and beyond, with additional blockchain support to be announced.
• Optimized for latency-sensitive users: This faster, licensed service is designed to meet the needs of latency-sensitive users by relying on data provided by publishers such as Jump and Wintermute. While Pyth Lazer introduces some decentralization trade-offs compared to Pyth Core, it ensures that latency-sensitive protocols gain the desired performance advantage without sacrificing the security and data richness that defines the Pyth network.
• Scalability of data and visualization: Designed to support up to 1,000 price feeds for a wide range of assets and markets that rival central exchange offerings – bid and ask prices, market depth, moving averages and, ultimately, custom averaging techniques. All data can be visualized on TradingView where users can accurately track, review and view price movements.
• On-chain efficiency: It is designed to minimize computing costs while maximizing performance. Improved validations in Pyth Lazer ensure that price updates are highly efficient in EVM and SVM environments. For example, in Solana, Pyth Lazer transactions will cost just 15k compute units and support 20 simultaneous price feeds, enabling protocols to consume real-time prices with minimal overhead in high-throughput operations.

Jayant Krishnamurthy, CTO and Co-Founder of Douro Labs, “Pyth Lazer achieves unparalleled speed that allows DeFi to not only keep up with, but far exceed, centralized alternatives,” he added. “This offering is specifically designed to outperform the fastest CEX operations, making it the ideal solution for DeFi protocols that require real-time data at scale.” This means that Pyth Lazer is positioned to serve as the backbone for the next generation of high-performance DeFi solutions, enabling applications to respond to market conditions with unprecedented speed and accuracy.

About Beth Network

Beth Network It is a decentralized public data infrastructure at the forefront of transforming the financial system by bringing prices for everything, everywhere, on-chain. With 593 real-time price feeds fueling innovation across 88+ blockchains and facilitating over $1 trillion in trading volume, Pyth sets a new standard for decentralized infrastructure. By delivering ultra-low-latency data across digital assets, forex, stocks, commodities, and more, Pyth enables DeFi creators to build decentralized applications that rival traditional finance in speed, performance, and scale. The Pyth network quickly became the backbone of the global financial system where the price of everything could be accessed anywhere.

To learn more, users can visit: https://www.pyth.network/

communication

Kevin McGrath
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