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You are at:Home » Injective integrates Pyth for on-chain access to real-world asset data
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Injective integrates Pyth for on-chain access to real-world asset data

Injective decentralised applications can now access any of Pyth's on-chain data for over 200 markets spanning equities, commodities, forex and crypto.
Arun ShakyawarBy Arun ShakyawarMay 3, 2023Updated:May 3, 2023No Comments2 Mins Read
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Injective integrates Pyth for on-chain access to real-world asset data
Eric Chen, co-founder and CEO of Injective Labs.
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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.

Read Also: Fractal Protocol Secures $6M Seed Funding led by Hack VC

Injective Protocol Pyth network Web 3.0
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Arun Shakyawar
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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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