Pyth Network announced on Wednesday that it has partnered with The Open Network (TON).
The partnership primarily involves Pyth’s oracle service, which allows users to request pricing data on-demand. Pyth is supported Games on the TON Blockchain Helps developers improve their in-game economies by providing accurate data feeds.
Pyth’s oracle will provide real-time price data needed to enable fast transactions in DeFi services, helping the TON project expand its target audience globally.
Pyth added that in addition to gaming and DeFi, he expects TON to help meet the needs of new Web3 users who expect the same level of responsiveness they received from Web2 services.
Originally designed for the Solana blockchain, Pyth Network operates on over 70 blockchains, including Solana, Ethereum, Optimism, Arbitrum, and Base. It provides market data on cryptocurrencies, stocks, FX, and commodities.
Meanwhile, the TON network has experienced significant user growth and adoption throughout the year, led by casual games on the Telegram messaging app, with the total locked value now exceeding $600 million.
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About the Author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.