- The Pyth price feed has been launched on Aurora Cloud, improving real-time data access for dApp developers.
- Aurora virtual chain developers now have permissionless access to Aurora’s 500+ real-time price feeds.
- The integration reduces costs and improves efficiency for the Aurora Virtual Chain.
Pyth Network announced the launch of its price feed on Aurora Cloud after working with the Aurora Labs team. This will enable unauthorized access to Pyth price feeds across all Aurora virtual chains in the future, marking an important milestone in the integration of real-time data and distributed applications.
Aurora, the Ethereum virtual machine created by the NEAR Protocol team, provides a turnkey solution for developers looking for an Ethereum-compatible, high-throughput, scalable platform with low transaction costs. It consists of the Aurora Engine, a high-performance EVM, and Aurora Bridge, which enables trustless transfer of ETH and ERC-20 tokens between Ethereum and Aurora.
Aurora’s governance is managed through a hybrid model that combines a decentralized autonomous organization (AuroraDAO) and traditional entities.
Pyth Network, on the other hand, stands out as its first-party financial data oracle network that aggregates proprietary data from the world’s largest exchanges and trading firms. This data is then securely transferred to the blockchain, powering over 350 applications and securing a total value locked in (TVL) of over $5 billion.
Aurora Virtual Chains developers now have access to real-time price feeds.
Pyth price feeds will be available on Aurora starting in late 2022 and have supported key applications such as Aurigami.
However, the new architecture of the Aurora Virtual Chain, a proprietary EVM-compatible blockchain built on the NEAR protocol, provides a direct connection to the Pyth oracle, ensuring seamless communication with Aurora. This setup not only facilitates immediate integration, it also minimizes costs for developers by allowing them to take advantage of pricing updates shared by others in the network.
The Aurora Virtual Chain provides developers with a customizable, dedicated blockchain environment. These chains provide an ideal platform to leverage the power of the Pyth Network to provide low-latency price data for a wide range of assets.
In collaboration with Pyth Network, developers on Aurora Virtual Chains will have access to over 500 real-time price feeds across both traditional and digital asset classes through an innovative on-demand pool model.
Armand, Aurora’s head of product, emphasized the simplicity and efficiency this integration brings. Armand said:
“By leveraging the Pyth Oracle, we were able to provide a friendly interface for developers building on top of the Aurora virtual chain. And thanks to our cross-contract invocation technology, all virtual chains will communicate with the Pyth Oracle on the Aurora mainnet, providing simpler integration and support for dapps from day one.”
Aurora applications like Aurigami, which already update Pyth prices on-chain, can now seamlessly extend these updates to all Aurora virtual chains, improving the efficiency and interoperability of the ecosystem.