Injective, the blockchain for decentralised finance (DeFi) applications, has integrated Pyth, a first-party financial oracle network, into its mainnet. Injective decentralised applications can now access any of Pyth’s on-chain data for over 200 markets spanning equities, commodities, forex and crypto.
With Pyth’s low-latency pull oracle design, dApps on Injective can access available prices on-chain as required, enabling everyone in the blockchain environment to access real-world asset data.
Pyth has secured over $2 billion in total value with nearly a million client downloads in less than a year, with Jane Street, CBOE, Binance, Virtu Financial and more data publishers on board.
By integrating with Pyth, Helix, the premier exchange hub on Injective, was able to list several real-world asset markets on-chain, including gold, yen and euro.
Helix has processed over $9 billion in volume to date, which is the highest in the entire Cosmos derivatives market.
This is the first time that the Cosmos IBC ecosystem has aggregated Pyth data via Wormhole. The integration marks the latest milestone in Injective’s growth journey.
Injective has also released Cascade, the first Solana SVM rollup, in recent months and seen Tencent Cloud bring more tooling to builders on its platform.
Injective has grown rapidly, with several major integrations to date.
Pyth’s director, Mike Cahill, said the integration was significant as Injective was one of the most successful blockchains in the Cosmos ecosystem to date.
Eric Chen, co-founder and CEO of Injective Labs, said the integration brought novel asset data into the Injective universe and enabled a new paradigm of cross-chain data composability for developers to create markets with high-fidelity on-chain data.
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