Pyth Network launches price feed data on Bitcoin layer 2 Merlin Chain
Pyth Community has formally introduced the launch of its Pyth oracle community on Merlin Chain, a Bitcoin layer 2 protocol identified for its ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof modules, based on a latest press launch.
With this integration, builders can entry Pyth’s huge worth knowledge pool, enabling them to construct highly effective functions whereas customers profit from dependable market data immediately on the Merlin Chain.
Jeff, founding father of BitmapTech and Merlin Chain, expressed enthusiasm for the collaboration and its function in onboarding future customers.
“The workforce is trying ahead to becoming a member of palms with Pyth, a number one oracle, to assist construct the muse of Merlin Chain. With the value feeds and market knowledge Pyth supplies, we at the moment are able to welcome the subsequent era of Bitcoin and DeFi to Merlin Chain,” said Jeff.
The Pyth Worth Feeds at the moment are operational on the Merlin Chain, granting builders entry to over 400 low-latency knowledge feeds from each crypto and conventional asset lessons. The Pyth oracle’s pull structure permits good contract functions to request worth updates as wanted, guaranteeing entry to probably the most present knowledge whereas benefiting from high-fidelity and high-frequency data.
In line with the press launch, Merlin Chain can solidify its place as a most popular platform for Bitcoin ecosystem builders by incorporating Pyth Worth Feeds. Merlin Chain DeFi ecosystem functions like BitSmiley already make the most of Pyth’s knowledge feeds. Merlin Chain goals to empower Bitcoin’s native property and protocols on layer 1 via its layer 2 options, striving to “Make Bitcoin Enjoyable Once more.”
As a part of Bitmap Tech, Merlin Chain contributes to a portfolio with a market cap exceeding $500 million, together with the favored BRC-420 “Blue Field” assortment on Ordinals.
