Starknet Selects Pyth Network as Oracle Provider: Enhancing Developer Experience

Starknet has chosen Pyth Network's price feed data to elevate the developer experience for builders in its ecosystem. This decision comes after a comprehensive evaluation of various infrastructure solutions, positioning Pyth as a key player in Starknet’s rapidly growing environment.

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Unmatched Access to Real-Time Data

Developers within the Starknet community now have access to over 500 real-time price feeds, covering a broad spectrum of assets including cryptocurrencies, commodities, foreign exchange pairs, equities, and exchange-traded funds. This integration allows applications to harness reliable, low-latency data directly from top financial institutions.

Starknet, renowned for its secure scaling technology, enhances Ethereum's capabilities by validating off-chain transactions through advanced mathematical and cryptographic methods. This approach addresses Ethereum’s scalability challenges, fostering an environment conducive to developing complex decentralized applications (dApps).
“The Pyth Network integration offers developers within the Starknet ecosystem access to real-time price feed data for over 500 assets, all of which are available today and sourced directly from the world's largest financial institutions. Additionally, through their innovative pull oracle model, applications are able to reduce costs and improve accuracy by requesting data exactly where and when they need it.”

Diego Oliva, Starknet Foundation CEO
To support Starknet’s scaling capabilities, the deployment of Pyth Network’s pull oracle is crucial. This technology enables DeFi protocols on Starknet to request price updates on-chain and on-demand, operating in a permissionless environment. The pull oracle’s gas efficiency ensures continuous access to high-frequency market data and the most up-to-date prices for downstream users.

Empowering Applications with Accurate and Cost-Effective Data

Pyth empowers applications on Starknet by providing cost-effective, precise data that updates exactly where and when it is needed. This capability is essential for developers looking to build innovative solutions within the Starknet ecosystem.

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About Pyth Network

The Pyth Network is a premier financial data oracle network delivering low-latency price data for various assets to blockchains securely. By incentivizing major exchanges, market makers, and trading firms to contribute their proprietary data, Pyth aggregates this information on-chain for smart contracts to utilize. Decentralized applications can request Pyth price updates on-chain as needed.

In under a year, Pyth has secured more than $2.0 billion in total value and supports over $5.0 billion. The network offers over 500 real-time data feeds across crypto, equities, ETFs, FX pairs, and commodities, facilitating more than $400 billion in total trading volume across 55+ blockchain ecosystems.

For more information, visit the Pyth website.