Pyth Network has integrated its oracle solutions with IOTA EVM to enhance the oracle's capability of providing real-time off-chain data for use within smart contracts.

Pyth Network, an oracle-based platform, focuses on providing seamless services to decentralized exchanges (DEXs) and lending platforms, supporting over three hundred applications and fifty blockchains. It ensures continuous price updates to ensure reliable data accessibility.

This collaboration strengthens the IOTA ecosystem by leveraging Pyth’s real-time data capabilities, ensuring data integrity and security. It facilitates seamless integration with existing DeFi protocols, promoting innovation and operational efficiency in decentralized finance.

By adopting Pyth Network’s oracle solutions, the IOTA ecosystem gains access to a robust framework that enhances data accuracy and meets high security standards essential for a healthy DeFi environment. This partnership enables developers to access tools necessary for creating innovative financial products, from advanced trading algorithms to comprehensive lending platforms.

Accurate and reliable data feeds are crucial for any DeFi business, and Pyth effectively addresses this need.