finbold.com
Pyth Network, a financial data oracle, has announced the addition of Aleno to its community of data providers, as per the latest information shared with Finbold on July 1.
Aleno will contribute its proprietary data to help secure the Pyth price oracle, catering to asset managers, treasury managers, on-chain companies, and institutions.
Delivering institutional-quality data to Pyth
Aleno is uniquely positioned to deliver top-notch, institutional-quality data to Pyth Price Feeds, by leveraging comprehensive market data from active price discovery venues.
The new collaboration is expected to provide a more secure and faster decentralized finance (DeFi) experience across more than 65 blockchain ecosystems.
Antoine Vales, Co-Founder and CEO of Aleno, commented on the collaboration, stating:
“Collaborating with Pyth has been an exceptionally high-quality experience, both in terms of their responsiveness and their rigor. Providing on-chain prices is just the first step. We are pleased to continue supporting Pyth’s development and meeting their on-chain data needs.”
– Antoine Vales, Co-Founder and CEO of Aleno
The Pyth Network will integrate Aleno’s data with inputs from up to 63 other providers for each feed, creating a reliable aggregate price stream to power smart contracts.
Aleno’s extensive offering of digital asset prices enables the Pyth Network to meet the dynamic demands of smart contract developers and users.
Currently, Pyth supports over 540 real-time price feeds, which fuel DeFi applications across the Ethereum Virtual Machine (EVM), Cosmos (ATOM), Move, Bitcoin (BTC), and Solana (SOL) ecosystems.
Back in June, the Pyth Network also launched its Pull Oracle on Solana, which enabled developers on the Solana mainnet-beta to access Pyth’s oracle prices by requesting updates from the Pythnet appchain.