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Home»ADOPTION NEWS»TON Partners with Pyth Network to Improve Real-Time Data Feeds for Gaming and DeFi
ADOPTION NEWS

TON Partners with Pyth Network to Improve Real-Time Data Feeds for Gaming and DeFi

By Crypto FlexsAugust 14, 20242 Mins Read
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TON Partners with Pyth Network to Improve Real-Time Data Feeds for Gaming and DeFi
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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.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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.

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