Pyth Price Feeds Are Now Live on Kaia

The Pyth Network announced via a blog post on Thursday, June 27th, that its Price Feeds are now live on Kaia, a highly optimized, BFT-based public blockchain that is home to Asia’s largest Web3 ecosystem.

This latest development comes shortly after the merger of Klaytn and Finschia to form the Kaia blockchain, Kaia is designed around the principles of Community, Sustainability, and Simplicity as part of their journey to spearhead blockchain and Web3 adoption.

Pyth Network now unlocks over 500 real-time price feeds for major asset classes to developers building on Kaia. This will grant developers simplified and permissionless access to the price data they need to serve their community.

Thanks to Pyth’s pull oracle design, Kaia users can now enjoy high-frequency price updates and low latencies for a cutting-edge on-chain experience.

While commenting on this latest development, Dr. Sam Seo, Representative Director of the Klaytn Foundation, said,

"Pyth's high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia." 

Kaia will integrate over 420 dApps and services to enhance ecosystem liquidity and builder scalability. An important highlight is the integration of Kakao and LINE messengers to provide over 250 million potential touchpoints across the Asian market.

With Pyth Price Feeds now available on the Kaia blockchain, users will have real-time access to granular price feeds that reflect the external markets is necessary for reliable, high-throughput DeFi applications

Pyth explained that Kaia enhances on-chain capabilities by maximizing performance and user experience. It offers:

• Low TX Latency: 1-second block generation and immediate absolute finality.

• High TPS: Capable of processing 4,000 transactions per second.

• Low Gas Price: Approximately 1/100th of Ethereum's gas costs.

• EVM Equivalence: Guaranteed equivalent interfacing and execution behavior.

The Kaia network comprises three logical subnetworks: Core Cell Network (CCN), Endpoint Node Network (ENN), and Service Chain Network (SCN). These subnetworks ensure efficient transaction processing, data handling, and application-specific blockchain operations.

Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 65 blockchains in a secure, transparent manner. Pyth supports 540+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.