TechFlow, on July 24, Pyth Network partnered with Arbitrum to launch high-precision oracles on Arbitrum and support the development of DeFi applications within its ecosystem. Arbitrum is one of the most successful deployments of Pyth's oracle solutions. Pyth's low-latency pull-model oracle went live simultaneously with the Arbitrum mainnet on January 31.
Pyth serves as the primary oracle for perpetual contract trading platforms such as CAP Finance, Buffer Finance, Duet Protocol, Deri Protocol, Vela Exchange, and Tigris Trade, as well as synthetic asset and derivatives solutions including Poison Finance and Vyper.
These applications benefit from Pyth’s comprehensive asset coverage and precise market price tracking. For instance, since integrating with Pyth, CAP Finance has added support for nearly 30 new markets and achieved over $2.5 billion in trading volume in less than six months.
The gas-efficient pull-oracle model enables Pyth to deliver the high-frequency, low-latency price updates required by perpetual and derivatives trading platforms. Pyth’s unique architecture can also scale to thousands of price feeds, serving both the Arbitrum community and the broader DeFi ecosystem.
To date—since its mid-December 2022 launch—Pyth has delivered over 4.25 million cross-chain price updates, with a peak of 90,000 on-chain price updates in a single day!
