[Gravity integrates Pyth price oracle to enhance DeFi solutions]
Galxe launched a Layer 1 full-chain platform called Gravity, aiming to revolutionize the blockchain industry and integrating real-time price data provided by Pyth to improve the performance and user experience of Web3. By integrating Pyth Network, Gravity can access more than 550 real-time price data, including cryptocurrencies and traditional assets, improving the security and usability of DeFi applications.
Galxe co-founder Charles Wayn said that Pyth’s price data improves the security and convenience of DeFi on Gravity and is suitable for high-speed applications that require real-time market data. Gravity uses technologies such as zero-knowledge proof and Jolteon consensus algorithm to achieve seamless interoperability between different blockchains and improve the overall user experience. Pyth’s price data is critical to launching the DeFi ecosystem in Gravity’s high-throughput environment, making it reliable and scalable.
This integration demonstrates Gravity’s focus on innovation and user needs. By incorporating Pyth’s price oracles into Gravity, smart contract developers gain a safer and better working environment, allowing the development of efficient applications that rely on real-time market data to operate optimally and meet the needs of a new generation of DeFi solutions. Gravity's cross-chain settlement protocol and fast finality are complemented by real-time price data provided by Pyth Network. This integration is seen as an important step in building a more resilient and user-friendly DeFi ecosystem, attracting developers seeking a reliable on-chain experience. authors and users.
According to the announcement, Pyth currently secures more than $5 billion in total value locked (TVL) across 65 blockchain ecosystems and facilitates more than $500 billion in total transaction volume. Developers can leverage Gravity's full EVM compatibility and advanced features to build applications on top of it, enjoying extremely low execution latency, higher throughput, negligible transaction fees and full composability across multiple chains.
