2024-08-15
The Open Network (TON) announced a partnership with the decentralized data oracle Pyth Network on August 14, 2024.
This collaboration is aimed
at enhancing data delivery for developers building on the TON blockchain.
The integration of Pyth’s advanced oracle data feeds will provide
TON developers with the necessary tools to create innovative decentralized
applications (DApps).
Pyth will help the Open Network in real-time, high-fidelity data. Pyth’s
pull oracle technology will deliver real-time, institutional-quality price
data, which is essential for robust DeFi applications on TON.
Institutional-quality price data from Pyth Network enables TON to have
more sophisticated DeFi services with lightning-fast transactions
Price feeds are secured by multiple layers of protection, ensuring
that developers can confidently build DeFi solutions capable of serving
millions of users.
Pyth’s accurate data feeds are also for creating dynamic and
engaging in-game economies.
The partnership is expected to impact the TON ecosystem,
particularly in the realm of decentralized finance, by providing enhanced
financial services supported by lightning-fast transaction speeds.
TON’s recent integration with IntoTheBlock (ITB), an onchain
analytics and DeFi services provider, will allow the TON community to access
advanced analytical data at no cost, fostering greater transparency and user
engagement.
This strategic alliance is set to supercharge the developer experience on TON by offering the fastest, most efficient, and most reliable data.
