Pyth Integration Into Cardano Connects the Latter to US Government-Level Data

Pyth integration into Cardano connects the latter to US government-level data.

Charles Hoskinson talks about the significance of this integration

Pyth and Chainlink recognized as top oracle blockchain networks.

Cardano Founder Charles Hoskinson draws attention to the Pyth Network, a powerful blockchain ecosystem that has been silently building this bull cycle and connecting to various existing blockchains. Aimed at uniting markets, Pyth has gained a lot of recognition from reputed figures in the space. Pyth integration into Cardano connects the letter to US government-level data, Hoskinson speaks on the matter

Pyth Integration Into Cardano Connects Incites Excitement

At the start of the most recent bull cycle, several new blockchain projects were launched, and many were expected to bring revolutionary changes to the crypto space as we knew it. These blockchains include visionary projects like Sui and Pyth, to highlight a few. Both SUI and PYTH got a lot of recognition from the reputed leaders in the crypto space when they were launched, and both assets are still expected to perform in the coming months

To highlight, Pyth in particular is gaining more recognition now. While SUI went on to set a new ATH, PYTH has yet to do so. To specify, the Pyth team noticed that the financial system was fragmented and went about to unite markets, giving traders, builders, and innovators access to the price of everything in real time. Thus, the Pyth network came to be, a decentralized oracle network designed to deliver high-frequency pricing data to blockchains.

This vision meant that the Pyth network had to connect with several blockchains in an effort to unite the space and bring accurate, real-time data. So far, the Pyth ecosystem has connected to 113 blockchains, hundreds of publishers, and some of the most important data pipelines in crypto. This also includes integrating with the Cardano Ecosystem, a move that connects the Cardano network to US Government-level data

Cardano Now Has Access to US Government-Level Data

Cardano Founder, Charles Hoskinson, goes on to address this integration. In detail, Pyth integrating into Cardano has allowed the Cardano network to be effectively plugged into the information grid of the entire cryptocurrency ecosystem. Every major market signal, every asset feed, every real-time price update, is now all flowing directly into Cardano and Midnight as well.

As we can see from the video in the post above, Hoskinson calls Pyth one of the most advanced and fastest oracle solutions in the market. Used by most of the community, the Pyth Network has ensured its impressive capabilities. With the Pyth integration, Cardano is now connected to the information that keeps track of the entire crypto space. He also highlights how the US chose only two oracles to work with, Chainlink and Pyth, showing the prowess of these blockchains