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Solana-Based Crypto Data Platform Pyth Network Is Close To Launch, Supported by Jump Trading, FTX And More
Summary: Pyth Network, a crypto data project built on the Solana blockchain, will be launched on Wednesday. Traders and exchange developers will build Pyth as a bridge between the traditional market and the crypto world. Pyth collects and distributes stock, traditional currency, cryptocurrency, and commodity trading data provided by high-frequency traders and exchanges, and places it on the ...
Pyth Network, a crypto data project built on the Solana blockchain, will be launched on Wednesday.
Traders and exchange developers will build Pyth as a bridge between the traditional market and the crypto world. Pyth collects and distributes stock, traditional currency, cryptocurrency, and commodity trading data provided by high-frequency traders and exchanges, and places it on the blockchain or distributed ledger. This data can be used in other crypto-trading projects like DeFi.
According to the report, at least 17 market makers, quantitative companies and exchanges have pledged to support Pyth, including Jump Trading, Virtu Financial, GTS, Hudson River Trading, DRW Cumberland, and Solana's supporter FTX. Pyth has not decided whether to develop its own coin, and the team is finalizing the governance structure.
By Mary Liu
Tags: FTX,GTS,Hudson River Trading,Jump Trading,Pyth Network,Solana
Link: Solana-Based Crypto Data Platform Pyth Network Is Close To Launch, Supported by Jump Trading, FTX And More [Copy]
