Pyth Network Announces the Launch of Its Price Feeds on Aurora Cloud

Pyth Network has announced the launch of its price feeds on Aurora Cloud after a collaboration with the Aurora Labs team. This will make Pyth Price Feeds permissionlessly accessible to all upcoming Aurora Virtual Chains, marking a major milestone in the integration of real-time data with decentralized applications.

Aurora Labs, the team behind the Ethereum Virtual Machine (EVM) on NEAR Protocol, has announced the launch of Pyth Price Feeds on Aurora Cloud.

This integration will provide permissionless access to real-time price feeds for all upcoming Aurora Virtual Chains, marking a significant step in the integration of real-time data with decentralized applications (dApps).

Aurora offers a turnkey solution for developers seeking an Ethereum-compatible, high-throughput, scalable platform with low transaction costs. It comprises the Aurora Engine, a high-performance EVM, and the Aurora Bridge, which enables the trustless transfer of ETH and ERC-20 tokens between Ethereum and Aurora.

The governance of Aurora is managed by a hybrid model combining a Decentralized Autonomous Organization (AuroraDAO) and a traditional entity.

Meanwhile, Pyth Network is a first-party financial data oracle network that aggregates proprietary data from some of the world’s largest exchanges and trading firms. This data is then securely delivered to blockchains, supporting over 350 applications and securing more than $5 billion in total value locked (TVL).

The Pyth Price Feeds have been available on Aurora since late 2022 and have powered leading applications such as Aurigami.

However, the new architecture of Aurora Virtual Chains, which are dedicated EVM-compatible blockchains built on the NEAR Protocol, ensures seamless communication with Aurora, offering a direct connection to the Pyth oracle. This setup not only facilitates immediate integration but also minimizes costs for developers, as they can utilize price updates shared by others within the network.

The Aurora Virtual Chains offer developers a customized and dedicated blockchain environment. These chains provide an ideal platform for leveraging the robust capabilities of the Pyth Network, which delivers low-latency price data for a wide range of assets.

Following the collaboration with Pyth Network, developers on Aurora Virtual Chains will be able to access over 500 real-time price feeds across both traditional and digital asset classes through an innovative on-demand pull model.

Armand, the Product Lead at Aurora, highlighted the simplicity and efficiency brought by this integration.

“Leveraging Pyth Oracle allowed us to provide a familiar interface to developers building on top of an Aurora Virtual Chain. And thanks to our cross-contract calls technology, all virtual chains are communicating with the Pyth Oracle on Aurora Mainnet, providing simpler integration and support from day one for dapps,” said Armand.

Aurora applications like Aurigami, which already update Pyth prices on-chain, will now naturally extend these updates to all Aurora Virtual Chains, enhancing the ecosystem’s efficiency and interoperability.