Ethereum

2024

DeFi

Pyth Network

Morph, an Ethereum Layer 2 solution, has teamed up with Pyth Network to enhance decentralized finance (DeFi) applications. This integration empowers developers building on Morph with access to over 500 real-time price feeds for various assets, including cryptocurrencies, equities, and commodities. 
The<a href="https://pyth-network.notion.site/Blog-New-Blockchain-Morph-a91378d7726b46e4b023f56ae1cce8ec" target="_blank" rel="noreferrer noopener" data-wpel-link="external"> collaboration</a> introduces Pyth Price Feeds on Morph’s testnet, combining ZK technology and optimistic rollups for improved scalability and decentralization. 
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 Transform your apps—with Pyth data 🔮 Today marks the launch of Pyth Price Feeds on <a href="https://twitter.com/MorphL2?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@Morphl2</a> testnet, a secure, decentralized, cost-effective, and high-performant EVM-equivalent rollup for Web3 builders. Learn more about this deployment below: ℹ️ About Morph Morph is a fully… <a href="https://t.co/HFczYHMLVI" target="_blank" data-wpel-link="external">pic.twitter.com/HFczYHMLVI</a>— Pyth Network 🔮 (@PythNetwork) <a href="https://twitter.com/PythNetwork/status/1783133982046961753?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 24, 2024</a>
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The partnership between Pyth and Morph will provide developers with the tools they need to create secure and reliable decentralized finance (DeFi) applications. Pyth’s pull oracle deployment on Morph makes it easy for DeFi protocols to get real-time price updates from the Pythnet appchain. 
Pyth’s oracle network gathers data from leading exchanges and market makers, ensuring the accuracy and timeliness of price feeds. This integration ensures efficient access to high-frequency market data for users within the Morph ecosystem. 
Morph combines optimistic and zero-knowledge roll-up tech to create a DeFi-friendly space for developers, gaming, social media, and entertainment applications. Morph’s decentralized sequencer supports Web3’s key principles: decentralization, resistance to censorship, and security. 
Meanwhile, <a href="https://www.cryptotimes.io/2024/02/02/binance-lists-pyth-network-pyth-with-seed-tag/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Pyth Network </a>disrupts the financial data landscape by aggregating real-time price updates from exchanges and trading firms. This partnership represents a big step forward in boosting the growth potential of DeFi apps, sparking fresh ideas in decentralized finance. 
The partnership between Morph and Pyth opens opportunities for developers to create DeFi applications. By harnessing scalable infrastructure and dependable data sources, this collaboration is set to revolutionize decentralized finance, enhancing growth and creativity within the Ethereum ecosystem. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/03/12/ethereum-layer-2-tokens-see-surge-ahead-of-dencun-upgrade/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Ethereum Layer 2 Tokens See Surge Ahead of Dencun Upgrade.</a> 
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Morph and Pyth Join to Revolutionize DeFi on Ethereum Layer 2

The Crypto Times

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