Pyth Network has announced a strategic partnership with The Open Network (TON). This collaboration aims to bring high-fidelity, real-time data to the rapidly growing TON ecosystem.
Pyth stated in the announcement, “Pyth’s pull oracle is set to supercharge the developer experience on TON by offering apps the fastest, most efficient, and most reliable data in Web3.”
.@PythNetwork and @ton_blockchain have partnered to unlock high-fidelity data for builders looking to put crypto in every pocket.
Pyth’s pull oracle is set to supercharge the developer experience on TON by offering apps the fastest, most efficient, and most reliable data in… pic.twitter.com/PvcWvmhJRv
— Pyth Network 🔮 (@PythNetwork) August 14, 2024
Pyth and TON join hands
At the heart of this partnership is Pyth’s Oracle service, which will now be available to developers building on the TON blockchain. This integration is expected to enhance the capabilities of TON-based applications, particularly in decentralized finance and gaming.
For DeFi projects, Pyth’s real-time price feeds promise to enable more sophisticated financial services with the speed and accuracy necessary for serving a global audience.
In the gaming sector, Pyth’s accurate data feeds could be a game-changer, allowing developers to create more immersive and economically viable in-game experiences.
The collaboration comes at a crucial time for TON, which has seen substantial growth in user adoption, particularly through casual games on the Telegram messaging app. With over $600 million in total value locked, TON is rapidly becoming a major player in the blockchain space.
Pyth Network, originally designed for Solana, now operates across more than 70 blockchains and has secured over half a trillion dollars in trading volume.
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Source: https://www.cryptonewsz.com/pyth-network-ton-high-fidelity-data-to-defi/