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Layer N Deploys Pyth Pull Oracle

Twitter icon  •  Published 7 months ago on May 31, 2024  •  Hassan Maishera

The Pyth Network announced via X on Wednesday that its Pull Orache is now live on Layer N. Layer N is an Ethereum StateNet, a novel Layer 2 network featuring custom VMs called XVMs.

Layer N Deploys Pyth Pull Oracle

The Pyth Network announced via X on Wednesday that its Pull Orache is now live on Layer N. Layer N is an Ethereum StateNet, a novel Layer 2 network featuring custom VMs called XVMs, all powered by a shared communication and liquidity layer.

Deploying the Pyth pull oracle will enable protocols on Layer N to request or "pull" price updates permissionlessly from the Pythnet appchain as needed.

Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down by 5% in the last 24 hours and is currently trading at $0.4031 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.