TechFlow reports that the Synthetix multi-collateral perpetual contracts on Arbitrum have launched on Kwenta, powered by Pyth Network. Pyth Network will provide over 500 real-time price data sources updated every 400 milliseconds, aiming to deliver the most accurate, trustworthy, and real-time data in the DeFi space to enhance trading experiences.
Kwenta is a spot and perpetuals trading platform within the Synthetix ecosystem, supporting 81 new Perps markets and four new collateral options, including tBTC, ETH, USDe (Ethena), and USDx (Arbitrum-native Synthetix stablecoin).
As an oracle solution, Pyth Network currently supports over 78 blockchains and has integrated with more than 420 partners. Previously, Pyth launched its upgraded oracle security staking mechanism, Oracle Integrity Staking (OIS), designed to improve data source reliability and strengthen the security of the DeFi ecosystem. So far, it has attracted over 17,000 participants who have staked $227 million worth of PYTH tokens and received $1.1 million in PYTH token rewards.
