TechFlow news — Following zkSync's launch of its zkEVM blockchain, Pyth price feed data has gone live on zkSync Era. Builders on zkSync can now directly access and utilize over 200 Pyth price feeds covering asset classes such as stocks, commodities, forex pairs, and cryptocurrencies.
Pyth price feeds on zkSync Era are already supporting Derivio, an institutional-grade structured derivatives ecosystem enabling users to trade any form of digital assets; OT Protocol, a novel DeFi protocol focused on single-token liquidity pools (rather than token-pair pools); and Nexon Finance, a decentralized lending protocol allowing users to participate in liquidity pools or peer-to-peer (P2P) lending.
Marco Cora, Head of Business Development at Matter Labs, the team behind zkSync, said: "Data availability is key to enhancing the on-chain transparency we greatly need. This collaboration with Pyth will bring greater scalability, security, and lower transaction fees to developers on zkSync Era and users worldwide."
