Pyth Network Publishes Real-Time Prices for 100 Major ETFs
Pyth Community has launched real-time value feeds for over 100 main exchange-traded funds, together with merchandise from Blackrock, State Avenue, and Vanguard, with onchain entry to information representing greater than $8 trillion in belongings.
New Pyth Integration Brings Stay ETF Costs to DeFi Builders
Pyth Community has launched real-time exchange-traded fund (ETF) value feeds, enabling blockchain builders and monetary platforms to entry reside pricing for a number of the world’s most closely traded funds.
Based on the announcement shared with Bitcoin.com Information, the combination covers greater than 100 ETFs managed by main monetary companies, together with Blackrock, State Avenue and Vanguard.
The staff defined that the transfer brings ETF pricing information onchain at scale, offering direct, real-time costs from world buying and selling venues. This stands in distinction to artificial or mirrored tokens typically utilized in decentralized finance (DeFi) to approximate ETF publicity.
Based on Pyth Community, the brand new information set spans a broad array of ETFs throughout asset lessons resembling equities, world indices, commodities, and stuck earnings. It additionally contains methods based mostly on dividends, sector publicity, and progress or worth types.
The community’s information is sourced from world monetary establishments and buying and selling platforms, aiming to cut back reliance on pricey conventional market information suppliers. Douro Labs CEO Mike Cahill, a contributor to the community, mentioned the present information ecosystem is structurally exclusionary, citing ICE’s $1.4 billion in annual information income.
“Nasdaq’s information income greater than doubled over the previous decade, whereas ICE pulled in $1.4 billion from information and connectivity companies in 2023 alone,” Cahill remarked.
By making ETF information publicly accessible onchain, Pyth urged that builders can construct monetary instruments that extra precisely replicate real-world market situations. Potential use instances embrace buying and selling functions, treasury instruments, and merchandise tailor-made to particular funding methods.
