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Pyth Network Releases the ZK/USD Price Feed

Twitter icon  •  Published 6 months ago on June 27, 2024  •  Hassan Maishera

The Pyth Network announced via X on Wednesday that the ZK/USD price feed is now available to users.

Pyth Network Releases the ZK/USD Price Feed

The Pyth Network announced via X on Wednesday that the ZK/USD price feed is now available to users. $ZK is the governance token of the L2 ZK rollup ZKSync, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum.

Thanks to this latest development, the Pyth ZK/USD price feed is now available on more than 65 blockchains.

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 $0.3101 per coin. 

ZKsync is a Layer-2 scaling solution that makes transactions on Ethereum cheaper and faster by utilizing zero-knowledge rollups (zk-rollups) and zero-knowledge proofs (ZKPs). ZK is down by 8% and is currently trading at $0.1532.

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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.