Pyth Network, a financial data oracle, has announced the addition of Aleno to its community of data providers, according to the latest information shared with Finbold on July 1.
Aleno will contribute its own data to secure Pyth’s pricing oracle, targeting asset managers, treasury managers, on-chain companies and institutions.
Providing institutional quality data to Pyth
Aleno is uniquely positioned to provide high-quality, institutional-grade data to Pyth Price Feeds, leveraging extensive market data from active price discovery platforms.
The new partnership is expected to deliver a more secure and faster decentralized finance (DeFi) experience across more than 65 blockchain ecosystems.
Commenting on the partnership, Antoine Vales, co-founder and CEO of Aleno, said:
“Working with Pyth was an experience of exceptionally high quality, both in terms of their responsiveness and their accuracy. Offering prizes to the chain is only the first step. We are pleased to continue supporting Pyth’s development and meeting their on-chain data needs.”
– Antoine Vales, co-founder and CEO of Aleno
The Pyth Network will integrate Aleno’s data with input from up to 63 other providers for each feed, creating a reliable aggregated price stream to enable smart contracts.
Aleno’s extensive offering of digital asset pricing enables the Pyth Network to meet the dynamic demands of smart contract developers and users.
Currently, Pyth supports over 540 real-time price feeds, powering DeFi applications in the Ethereum Virtual Machine (EVM), Cosmos (ATOM), Move, Bitcoin (BTC), and Solana (SOL) ecosystems.
In June, the Pyth Network also launched its Pull Oracle on Solana, which allowed developers on the Solana mainnet beta to access Pyth’s oracle pricing by requesting updates from the Pythnet appchain.