Aleno takes on role as the new data provider for Pyth Network
Pyth Network, a financial data oracle, recently welcomed Aleno as a new data provider to its community, according to information shared with Finbold on July 1.
Aleno will contribute its exclusive data to enhance the security of the Pyth price oracle, benefiting asset managers, treasury managers, on-chain companies, and institutions.
Aleno’s unique position allows it to deliver high-quality institutional data to Pyth Price Feeds by utilizing comprehensive market data from active price discovery venues.
This collaboration is expected to enhance the decentralized finance (DeFi) experience by providing a more secure and efficient service across more than 65 blockchain ecosystems.
Antoine Vales, Co-Founder and CEO of Aleno, expressed his satisfaction with the collaboration, highlighting the responsiveness and rigor of the Pyth team. He mentioned that providing on-chain prices is just the beginning and they are committed to supporting Pyth’s development and meeting their data needs.
The Pyth Network will integrate Aleno’s data with inputs from other providers, creating a reliable aggregate price stream to power smart contracts. With Aleno’s extensive offering of digital asset prices, the Pyth Network can cater to the dynamic demands of smart contract developers and users.
Currently, Pyth supports over 540 real-time price feeds, which are utilized by DeFi applications across various ecosystems including Ethereum Virtual Machine (EVM), Cosmos (ATOM), Move, Bitcoin (BTC), and Solana (SOL).
In June, the Pyth Network also launched its Pull Oracle on Solana, enabling developers on the Solana mainnet-beta to access Pyth’s oracle prices by requesting updates from the Pythnet appchain.
