The integration of Pyth Value Feeds onto the Particle EVM platform marks a significant advancement towards Pyth Organization's goal of integrating real-world and crypto asset price data into blockchain networks. This move enables developers on IOTA EVM, a layer-2 solution for the IOTA network compatible with Ethereum Virtual Machine (EVM), to access more than 500 real-time price feeds.

Developers leveraging IOTA EVM now have open access to a diverse array of price data covering cryptocurrencies, commodities, equities, ETFs, and forex pairs. These data feeds are sourced by the Pyth oracle from a combination of institutional providers and decentralized market participants.

Susanne Krone, Head of Ecosystem at IOTA Foundation, emphasized the strategic importance of integrating Pyth's oracle services within the IOTA ecosystem. The addition of reliable, real-time data sources is expected to unlock numerous opportunities for developers utilizing IOTA EVM. This integration aims to enhance data integrity and security, empowering developers with essential tools to drive innovation and build the future digital economy.

IOTA's distributed ledger technology facilitates secure, fee-less transactions and data exchange. IOTA EVM builds on these capabilities by focusing on tokenization and real-world asset (RWA) integration, providing tamper-proof data with minimal resource requirements.

The availability of Pyth Price Feeds is crucial for ensuring the accuracy of RWA valuations and facilitating seamless value exchange and transactions on IOTA EVM. Several decentralized finance (DeFi) applications on IOTA EVM, such as Deepr Things and Virtue Money, already rely on Pyth Price Feeds. Deepr Things facilitates decentralized lending and borrowing of digital assets, while Virtue Money supports the issuance of over-collateralized stablecoins at zero interest rates on IOTA EVM.

Established in 2015, IOTA aims to provide a public goods infrastructure that fosters trust in digital interactions. The IOTA network utilizes Tangle technology to enable fast transactions and frictionless data and value transfers, making it well-suited for applications requiring high throughput and low transaction costs. The native currency of the IOTA network is the IOTA token.

By integrating Pyth's robust data feeds, IOTA EVM strengthens its position as a leading platform for decentralized applications (dApps) seeking reliable real-world data integration and secure transaction capabilities. This initiative underscores IOTA's commitment to advancing the adoption of decentralized finance and enhancing the functionality of blockchain-based applications.