Everstake Joins Coinbase Cloud, Figment And Blockdaemon As Node Operators For Pyth Network Participants

Today, the Pyth Data Association, announced that Everstake has joined P2P, Syndica, Figment, Triton1, Coinbase Cloud, and Blockdaemon to offer infrastructure support for Pyth Network participants. Now, publishers and participants of the Pyth Network will be able to use any of the seven largest and most trusted infrastructure platforms to deploy publishing nodes and stake PYTH tokens to publish price feeds or participate in other activities in the network.   

The Pyth Network is a specialized oracle solution that delivers accurate, timely and secure market data directly from first-party publishers to decentralized applications on a sub-second timescale. Publishers in the Pyth Network run their own nodes, own their data and publish directly on-chain. This enables smart contracts used in decentralized finance (DeFi) to access the most up-to-date and accurate, verifiable pricing data.  

“There is a growing ecosystem of decentralized applications that are being powered by first-party data from over 50 publishers across crypto assets, equities, and FX,” said Mike Cahill, Director of Pyth Data Association. “As more publishers and developers are entering the Pyth Network ecosystem, ensuring that there is a simple and secure way for them to participate is mission critical. Infrastructure partners like Everstake that are fluent across different protocols will also be key to Pyth’s expansion strategy.” 

Pyth aggregates direct on-chain inputs from independent publishers into a consolidated price feed that supercharges decentralized exchanges and liquidity protocols with an average of 10 million daily market updates. These updates are published by first-party data providers that have joined the Pyth Network, such as Alameda Research, Chicago Trading Company, CMS, CoinShares, Cumberland DRW, FTX, Galaxy Digital, Genesis Global Trading, Jane Street, IEX Cloud, Jump Trading, 3AC, Wintermute and more. 

"The first step in creating a completely decentralized, self-sustainable data marketplace is ensuring that participants have an easy way to participate in the network," said Sergey Vasylchuk, CEO of Everstake. "Pyth has been instrumental to the growth of Solana's DeFi ecosystem, and now, with wide support across the best infrastructure partners in the industry, bringing its first-party data oracle to other blockchains isn’t a matter of how, but when.” 

This year, Pyth Network aims to empower developers on Ethereum, BSC, Polygon, Avalanche, Oasis, and Terra. Via Wormhole, Pyth can republish high-fidelity financial market data from Solana onto other blockchains, making it accessible to the $223 billion DeFi market. 

Learn more about how to become a Pyth Network publisher here and how to build with Pyth data here. 

For more information, please visit http://pythnetwork.org/.