Revolut Partners with Pyth Network to Provide Real-Time Market Data for DeFi Applications

Revolut, the crypto-friendly fintech firm with over 45 million users globally, partnered with Pyth Network to provide real-time market data for decentralized finance (DeFi) applications.

Fintech giant Revolut has partnered with Pyth Network to provide real-time market data for decentralized finance (DeFi) applications.

The partnership makes Revolut the first banking data publisher on the Pyth Network, a decentralized oracle system designed to supply price feeds for on-chain applications.

Revolut will integrate its digital asset quote and trade data into Pyth’s price feeds, allowing developers to incorporate market information into their decentralized applications.

“By working with Pyth, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need,” said Mazen Eljundi, Revolut's Global Business Head of Crypto.

As a Pyth oracle network publisher, Revolut will support hundreds of decentralized applications (dApps) across various blockchain ecosystems. Pyth, which now spans over 80 blockchains—including Ethereum, Solana, Avalanche, and Arbitrum—delivers real-time data for cryptocurrencies, equities, FX, and commodities. The network facilitated over $1 trillion in total traded volume in 2024.

The growth of the Pyth Network is particularly noteworthy, given its role as a competitor to established oracle networks like Chainlink and Band Protocol. Pyth sets itself apart by offering low-latency market data, which is crucial for the operation of smart contracts and DeFi applications.

Michael Cahill, CEO and co-founder of Douro Labs, a core contributor to Pyth, said: “Together, we are driving the future of finance, where transparent and reliable data empowers the next generation of financial applications,” Cahill added.

In 2024, the firm launched Revolut X, a standalone crypto trading platform in the UK, which later expanded to 30 European countries. The company is reportedly working on launching its own stablecoin and secured a UK banking license in July after a lengthy approval process.

Initially launched in the UK in May for professional crypto traders, Revolut X offers more advanced features compared to the standard buy-and-sell options in the original Revolut app.

Revolut, which is valued at $45 billion and one of Europe’s most valuable fintech firms, seeks to expand its offerings for its 650,000 UK trading customers. The company plans to update its app to support the new services and compete with established names in the UK trading market, including Hargreaves Lansdown, AJ Bell, Trading 212, and Freetrade.