According to Foresight News, real-time market data provider Pyth Network announced the official release of Express Relay product. The product connects DeFi protocols directly with established searcher networks via a protocol-controlled auction mechanism to solve long-standing MEV issues in handling liquidation and improving market efficiency for DeFi transactions. DeFi protocols using Express Relay can eliminate MEV, significantly reducing the cost of key business operations of the protocol, and DeFi protocols and searchers can integrate with Express Relay in a permissionless manner.
