Pyth Network Transforms Onchain Market Data Infrastructure with Millisecond Price Feed Updates
Porto, Portugal, January 15th, 2025, Chainwire
New Oracle Solution, Pyth Lazer, Achieves Unprecedented Speed, Designed to Help DEXs Outperform CEXs
Pyth Network (“Pyth”), the public decentralized data infrastructure that empowers the next generation of financial applications, today announced the launch of Pyth Lazer, specialized price feeds for latency-sensitive DeFi and CeFi apps as a complimentary oracle offering to Pyth Core. This ultra-low-latency offering sets a new benchmark for price feed update speeds with near-instantaneous updates that process as quickly as one millisecond for up to 1,000 of the top digital and traditional assets.
Michael Cahill, CEO and Co-Founder of Douro Labs, commented on the news, “A delay of even a few milliseconds can inhibit traders from capitalizing on an arbitrage opportunity that a centralized platform would let you exploit effortlessly, which is why Pyth Lazer is a quantum leap forward for DeFi. This enhanced oracle solution unlocks new possibilities by giving protocols the tools to stay synchronized with real-time market movements and outperform in volatile financial markets.”
Currently, traditional Oracle models, which are often plagued by latency issues, are a bottleneck to achieving the speed and precision required for modern DeFi applications to rival traditional trading venues like Nasdaq. Pyth Lazer is built for protocols that demand speed – such as derivatives DEXs that are competing directly with more centralized counterparts.
Some of the key features of Pyth Lazer include:
- Unprecedented Speed: Customizable frequency channels offering ultra-low latency feeds with tailored updates at 1ms, 50ms, 200ms, and customizable frequencies on an on-demand basis, giving DeFi protocols the ability to match their data consumption to their performance goals without sacrificing speed or precision.
- Support for All Compatible Blockchains: Seamlessly integrate Pyth Lazer’s feeds across the Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM) environments – and beyond with additional blockchain support to be announced.
- Enhanced for Latency-Sensitive Users: this faster, permissioned service is made to cater to latency-sensitive users by relying on data provided by publishers such as Jump and Wintermute. While Pyth Lazer introduces certain decentralization trade-offs compared to Pyth Core, it ensures that latency-sensitive protocols gain the performance edge needed without sacrificing the security and data richness that define Pyth Network.
- Data Scalability and Visualization: Designed to support up to 1,000 price feeds for a wide range of assets and markets that rivals the offerings of centralized exchanges – bid-ask prices, market depth, moving averages, and, eventually, custom averaging techniques. All data can be visualized on TradingView where users can track, review, and display price movements with precision.
- On-Chain Efficiency: Engineered to minimize compute costs while maximizing performance. Pyth Lazer’s optimized verification processes ensure that price updates are highly efficient in EVM and SVM environments. For example on Solana, Pyth Lazer transactions will cost only 15K compute units and support 20 price feeds simultaneously, enabling protocols to consume real-time prices with minimal overhead in high-throughput operations.
Jayant Krishnamurthy, CTO and Co-Founder of Douro Labs, added, “Pyth Lazer achieves unrivaled speed that allows DeFi to not only keep up, but far exceed centralized alternatives. This offering is specifically designed to outperform the fastest CEXs, making it the ideal solution for DeFi protocols that require real-time data at scale. This means that Pyth Lazer is positioned to serve as the backbone for the next generation of high-performance DeFi solutions, enabling applications to respond to market conditions with unprecedented speed and accuracy.”
About Pyth Network
Pyth Network is a public, decentralized data infrastructure at the forefront of transforming the financial system by bringing the price of everything, everywhere, on-chain. With 593 real-time price feeds powering innovation across 88+ blockchains and facilitating more than $1 trillion in traded volume, Pyth is setting a new standard for decentralized infrastructure. By delivering ultra-low-latency data across digital assets, FX, equities, commodities, and more, Pyth enables DeFi builders to create decentralized applications that rival traditional finance in speed, performance, and scale. Pyth Network is quickly becoming a backbone for a global financial system where the price of everything is accessible anywhere.
To learn more, users can visit: https://www.pyth.network/
