Pyth Network Leverages Precise Data for DeFi Protocols

Pyth Network, established in 2021 as a pioneering oracle solution, was originally intended to cater exclusively to the Solana Blockchain. However, it has now broadened its scope to encompass various other blockchains. Oracles, such as Pyth Network, serve a vital function within Blockchain ecosystems by acting as a bridge between Blockchain systems and the tangible world, offering essential data to on-chain protocols. What sets Pyth Network apart from other oracles like Chainlink is its unique approach of directly sourcing pricing data from esteemed financial institutions, rather than relying on node operators. Stay updated on the most recent financial and business news by visiting COINTURK FINANCE.