Pyth Network Partners With Revolut in DeFi Data Sharing Deal

Pyth Network Partners With Revolut in DeFi Data Sharing DealPYTH is down by 9% in the past 24-hours despite the deal.By Oliver Knight|Edited by Stephen AlpherUpdated Jan 8, 2025, 4:50 p.m. UTCPublished Jan 8, 2025, 4:34 p.m. UTC Blockchain oracle firm Pyth Network has partnered with neobank Revolut to port digital banking data into decentralized finance (DeFi).Revolut will provide data for more than 500 markets including foreign exchange, equities and commodities. Revolut also runs a crypto exchange although volume data is not published.Powered By 00:13/02:001022.3K 6Will DOGE Hit $1 in 2025? .stlp0{fill:#FF3E5F;} .st1{fill:#fffffe;} .st2{fill:#FF3E5F;}Share.clsx-1{isolation:isolate;}.clsx-2{fill:#ff3e5f;}.clsx-3{fill:#fff;}NextStayThe PYTH token spiked momentarily on the news but has since receded in line with the wider market. It is now down by 9% over the past 24 hours.Pyth competes with ChainLink and aims to provide accurate price feeds for DeFi protocols. It airdropped its native token (PYTH) in 2023 and has $7.5 billion in value secured on its oracle, according to DefiLlama.Pyth also receives data from crypto exchanges Bitstamp, Bybit and Binance as well as several trading firms such as Jane Street and Cumberland DRW.ChainLink's market share for oracles has diminished since the emergence of Pyth; in May 2021 ChainLink controlled 69% of price data feeds compared to Pyth's tally of 0.08%. Those figures have now evened out to 52% and 11%, respectively. https://www.coindesk.com/business/2025/01/08/pyth-network-partners-with-revolut-in-de-fi-data-sharing-deal #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple