Porto, Portugal, January 15th, 2025,
Chainwire
New Oracle Solution, Pyth Lazer, Achieves Unprecedented Speed,
Designed to Help DEXs Outperform CEXs
Pyth Network (“Pyth”), the public decentralized
data infrastructure that empowers the next generation of financial
applications, today announced the launch of Pyth Lazer, specialized
price feeds for latency-sensitive DeFi and CeFi apps as a
complimentary oracle offering to Pyth Core. This ultra-low-latency
offering sets a new benchmark for price feed update speeds
with near-instantaneous updates that process as quickly as one
millisecond for up to 1,000 of the top digital and traditional
assets.
Michael Cahill, CEO and Co-Founder of Douro
Labs, commented on the news, “A delay of even a few
milliseconds can inhibit traders from capitalizing on an arbitrage
opportunity that a centralized platform would let you exploit
effortlessly, which is why Pyth Lazer is a quantum leap forward for
DeFi. This enhanced oracle solution unlocks new possibilities by
giving protocols the tools to stay synchronized with real-time
market movements and outperform in volatile financial
markets.”
Currently, traditional Oracle models, which are often plagued by
latency issues, are a bottleneck to achieving the speed and
precision required for modern DeFi applications to rival
traditional trading venues like Nasdaq. Pyth Lazer is built for
protocols that demand speed - such as derivatives DEXs that are
competing directly with more centralized counterparts.
Some of the key features of Pyth Lazer include:
- Unprecedented Speed: Customizable frequency
channels offering ultra-low latency feeds with tailored updates at
1ms, 50ms, 200ms, and customizable frequencies on an on-demand
basis, giving DeFi protocols the ability to match their data
consumption to their performance goals without sacrificing speed or
precision.
- Support for All Compatible
Blockchains: Seamlessly integrate Pyth Lazer’s feeds
across the Ethereum Virtual Machine (EVM) and Solana Virtual
Machine (SVM) environments - and beyond with additional blockchain
support to be announced.
- Enhanced for Latency-Sensitive Users: this
faster, permissioned service is made to cater to latency-sensitive
users by relying on data provided by publishers such as Jump and
Wintermute. While Pyth Lazer introduces certain decentralization
trade-offs compared to Pyth Core, it ensures that latency-sensitive
protocols gain the performance edge needed without sacrificing the
security and data richness that define Pyth Network.
- Data Scalability and Visualization: Designed
to support up to 1,000 price feeds for a wide range of assets and
markets that rivals the offerings of centralized exchanges -
bid-ask prices, market depth, moving averages, and, eventually,
custom averaging techniques. All data can be visualized on
TradingView where users can track, review, and display price
movements with precision.
- On-Chain Efficiency: Engineered to minimize
compute costs while maximizing performance. Pyth Lazer’s optimized
verification processes ensure that price updates are highly
efficient in EVM and SVM environments. For example on Solana, Pyth
Lazer transactions will cost only 15K compute units and support 20
price feeds simultaneously, enabling protocols to consume real-time
prices with minimal overhead in high-throughput operations.
Jayant Krishnamurthy, CTO and Co-Founder of
Douro Labs, added, “Pyth Lazer achieves unrivaled speed
that allows DeFi to not only keep up, but far exceed centralized
alternatives. This offering is specifically designed to outperform
the fastest CEXs, making it the ideal solution for DeFi protocols
that require real-time data at scale. This means that Pyth Lazer is
positioned to serve as the backbone for the next generation of
high-performance DeFi solutions, enabling applications to respond
to market conditions with unprecedented speed and
accuracy.”
About Pyth Network
Pyth Network is a public, decentralized data
infrastructure at the forefront of transforming the financial
system by bringing the price of everything, everywhere, on-chain.
With 593 real-time price feeds powering innovation across 88+
blockchains and facilitating more than $1 trillion in traded
volume, Pyth is setting a new standard for decentralized
infrastructure. By delivering ultra-low-latency data across digital
assets, FX, equities, commodities, and more, Pyth enables DeFi
builders to create decentralized applications that rival
traditional finance in speed, performance, and scale. Pyth Network
is quickly becoming a backbone for a global financial system where
the price of everything is accessible anywhere.
To learn more, users can visit: https://www.pyth.network/
Contact
Kevin
McGrath
press@pyth.network