Pyth Network has announced the launch of Lazer, a cutting-edge oracle solution designed to complement its existing Pyth Core platform. Tailored for latency-sensitive trading applications and exchanges, Lazer aims to provide unmatched speed and performance in the DeFi landscape.
Lazer introduces ultra-low-latency price feeds, capable of updating with customizable frequencies as fast as one millisecond. This breakthrough enables decentralized finance (DeFi) protocols to execute real-time market operations and analysis, offering a competitive edge over traditional centralized exchanges.
According to Pyth, the solution is optimized for blockchain environments to minimize computational costs, making it suitable for high-throughput tasks. For example, Lazer can efficiently support 20 simultaneous price feeds on the Solana blockchain.
Multi-Chain Compatibility and Advanced Features
The Lazer service will operate across various blockchain ecosystems, including Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), with plans to expand to additional chains. Its robust infrastructure supports up to 1,000 price feeds and provides granular data such as bid-ask prices and market depth, enhancing market transparency.
Unlike traditional oracles that depend on external third-party data providers, Pyth sources data directly from first-party publishers. These include prominent exchanges, market makers, and financial services providers. The network recently partnered with Revolut, a leading financial technology platform, which now acts as a data publisher for multiple assets within the Pyth Network ecosystem.
Driving Innovation in Decentralized Finance
Lazer marks a significant step forward in oracle technology, addressing the critical need for speed and precision in blockchain-based trading platforms. By enabling real-time operations and offering a scalable solution across multiple chains, Lazer reinforces Pyth Network’s position as a leader in DeFi innovation.
This development underscores the growing importance of advanced oracle solutions in shaping the future of decentralized markets, providing both developers and users with powerful tools to navigate the rapidly evolving blockchain space.