Pyth Network and Revolut Boost DeFi with Data Integration
Date: 2025-01-10 Author: Gabriel Deangelo Categories: BUSINESS
The fintech company will provide real-time data, including quotes and trading information, to be used in the Pyth oracle network.
As part of this partnership, dapp developers will have access to over 500 data feeds covering assets such as cryptocurrencies, foreign exchange, stocks, and commodities. This data will improve the accuracy of applications, as well as improve transparency for end users.
“The integration of Revolut’s quote feeds provides developers with better tools and users with more transparency. The future of finance will be built on the synergy of traditional and decentralized solutions,” the project said in a statement.
Revolut called this partnership a logical step forward. Recall that in May 2024, the company launched the Revolut X platform, aimed at experienced traders and unrelated to the main application.
Douro Labs CEO Mike Cahill noted that this initiative is a confirmation of the blurring of boundaries between traditional finance (TradFi) and Web3. According to him, this partnership contributes to the creation of a global financial market that combines both approaches.
As of the end of 2024, Pyth Network already provides 637 data feeds from 122 providers, covering 93 blockchains. The company plans to accelerate the development of DeFi by offering developers tools to create competitive applications.
It is worth noting that earlier, in January 2025, Ripple also announced a partnership with Chainlink to integrate its RLUSD stablecoin into DeFi. In turn, Chainlink three months earlier introduced the Chainlink Runtime Environment, which will allow the platform to scale across thousands of blockchains.
