Hedera

Pyth Network

<p><em><strong>Pyth Network’s integration with Hedera introduces over 400 real-time price feeds, enhancing blockchain financial services.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>HLiquity becomes the first Hedera-based application to utilize Pyth’s advanced data for overcollateralization, marking a significant advancement in decentralized finance (DeFi) capabilities on the platform.</p><h3 id="pyth-network-boosts-hedera-ecosystem">Pyth Network Boosts Hedera Ecosystem</h3><blockquote><a href="https://cryptosheadlines.com/jupiter-vs-pyth-network-altcoin-10x-potential-compared/" rel="noopener noreferrer nofollow">Pyth Network</a>, known for its real-time market data, is set to transform the Hedera blockchain. This integration brings over 400 Pyth price feeds to Hedera, a move expected to significantly impact economic activities such as lending.</blockquote><blockquote>Great work by <a href="https://twitter.com/PythNetwork?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;PythNetwork</a>: providing real-time market data to the <a href="https://twitter.com/hashtag/Hedera?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Hedera</a> network for over 400 assets across cryptocurrencies, commodities, equities, FX, and ETFs to enhance on-chain information availability for users, developers, and institutions alike.<a href="https://t.co/rw2Q0bXADF" rel="noopener noreferrer nofollow">https://t.co/rw2Q0bXADF</a>— Hedera (&#64;hedera) <a href="https://twitter.com/hedera/status/1762153182199693671?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a></blockquote><p>Grace Pfluger, Director of Business Development at the HBAR Foundation, highlights the importance of public oracle price feeds in driving economic behavior on Hedera.</p><p>Pyth’s pull oracle model offers timely access to various financial product prices, including cryptocurrencies and ETFs, with minimal latency.</p><p>These feeds also feature a confidence interval to provide insights into market volatility, benefiting downstream protocols.</p><p>HLiquity, a decentralized borrowing protocol on Hedera, becomes the first to utilize Pyth’s data. This ensures protocol <a href="https://cryptosheadlines.com/foundations-respond-to-sec-lawsuit-allegations-leading-to-price-stability-for-sol-ada-matic/" rel="noopener noreferrer nofollow">stability by accurately tracking HBAR and Swiss franc prices</a>.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="pyth-network-expands-defi-capabilities">Pyth Network Expands DeFi Capabilities</h3><p>Pyth Network, a leading financial oracle network, has introduced <a href="https://cryptosheadlines.com/how-ark-invests-new-bitcoin-etf-filing-benefits-btc-price/" rel="noopener noreferrer nofollow">price feeds for 13 Bitcoin ETFs</a> on February 20. This move is set to empower decentralized finance (DeFi) platforms, offering them expanded portfolio options, improved risk management, and increased liquidity to attract <a href="https://cryptosheadlines.com/ethereums-rise-as-a-hub-for-institutional-capital-growth/" rel="noopener noreferrer nofollow">institutional capital</a>.</p><p><a href="https://cryptosheadlines.com/sei-altcoin-could-see-a-drop/" rel="noopener noreferrer nofollow">Also Read:   SEI Altcoin Could See a Drop</a></p><p>In January 2024, the Hedera Global Governing Council approved an allocation of 4.86 billion HBAR, worth approximately $408 million, to further develop the network and enhance decentralized governance. This initiative reflects Hedera’s commitment to strengthening its infrastructure following a successful 2023, which saw over 33 billion real-world transactions, highlighting its scalability and robustness.</p><p>Currently, the price of Hedera’s <a href="https://cryptosheadlines.com/ongoing-sec-negotiation-fuels-binances-native-token-bnb-surging-5-44/" rel="noopener noreferrer nofollow">native token</a>, HBAR, has risen by 6.67% in the last 24 hours, reaching $0.1114. Over the past 7 days, it has experienced a 5.21% increase.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.a</em></p>

Pyth Network’s Live Market Data on Hedera: Boost for HBAR?

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