Solana’s DeFi Ecosystem Gets Boost with Pyth Network’s Pull Oracle

• Pyth’s pull oracle boosts Solana DeFi reliability and data frequency, enhancing transaction efficiency.
• New pull oracle supports 500+ price feeds, providing Solana protocols with broader, efficient data access.
• Pyth’s dual oracle system ensures a smooth transition, offering improved reliability and security for Solana users.

Pyth Network has launched its pull oracle on the Solana blockchain. This innovative technology promises to reshape how developers access and utilize data on the blockchain, enhancing reliability, speed, and security for a wide range of applications.

Pull, Don't Push — Pyth's pull oracle has arrived to help power Solana DeFi https://t.co/iwH1hnbJr6

— Solana (@solana) June 17, 2024

The Pyth pull oracle lists several advantages over its predecessor, the push oracle. The first is increased reliability as users can integrate price updates into their transactions, ensuring they always pass through. Moreover, this method overcomes the congestion issues that have previously hampered the “push” oracle.

Additionally, the new oracle boasts a higher frequency of updates. Consequently, Solana users gain access to real-time price data even …

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