Pyth Network has successfully deployed its highly anticipated Pyth Price Feeds on the Eclipse testnet. This move marks a significant step forward for both Pyth and Eclipse, a pioneering project that integrates the Solana Arm Virtual Machine (SVM) into a Layer 2 Ethereum environment. Eclipse uniquely combines Ethereum's security, Solana's high performance, and Celestia's data availability.
With this implementation, developers on Eclipse can now access over 500 real-time price feeds. These feeds cover a wide array of assets, both traditional and digital, enhancing the ecosystem's capacity to support decentralized finance (DeFi) applications with precise and frequent data updates.
Eclipse Labs CEO Vijay Chetty highlighted the importance of this collaboration:
“Now that the Pyth price feed is available on Eclipse, developers can build high-performance on-chain DeFi applications directly on Ethereum L2. Because we use the Solana Arm Virtual Machine, developers can access reliable price data that is updated much more frequently than other blockchains, and as a result, unlock a series of high-frequency dApps.”
Mike Cahill, CEO of Douro Labs, echoed these sentiments:
“Eclipse leads the way in modular technology by combining the security of Ethereum with the performance of Solana. The project has much in common with Pyth Network, as both use the Solana Arm Virtual Machine to achieve high throughput and low latency performance. We anticipate Pyth's price feed will enable exciting DeFi applications on Eclipse.”
The integration of Pyth Network's pull oracle with Eclipse's fast block times will provide developers with high-frequency price updates, ensuring continuous access to updated prices. This synergy is expected to foster a new wave of innovative DeFi applications on Eclipse.
About Eclipse
Eclipse is a cutting-edge project leveraging the Solana Arm Virtual Machine, a Layer 2 solution for Ethereum that boasts enhanced speed, security, and scalability. Designed for demanding applications in finance and gaming, Eclipse allows developers to create high-performance applications that adhere to core Web3 principles. Utilizing SVM as the execution layer, Eclipse maximizes transaction throughput through parallel execution and separate fee markets.
About Pyth Network
Pyth Network is a prominent oracle project with over 50 major global partners. It provides critical data sources and integrates with numerous protocols, automated market makers (AMMs), derivatives, and various other decentralized applications. Known for its transparent data delivery with latency under one second, Pyth Network stands out as a reliable source of high-frequency data in the blockchain space. For more information, please feel free to check the latest PYTH price analysis.
