Pyth
RollupsChallenge
Pyth started on Solana and captured more than 90% of the TVL, but wanted to provide the best in class pricing feed data for all assets across all chains. Doing this on a chain by chain basis would require lots of time, money, and effort to build, manage, and maintain.
Solution
Use Wormhole Messaging to write a single smart contract, and deploy it across every Wormhole-connected chain to share price feed data across networks using cross-chain messages.
Results
Going cross-chain with Wormhole has enabled Pyth to:
- Expand to new networks and chains faster than other oracles
- Publish 1.9M aggregated price updates per day across 32 chains and 6 runtimes
- Capture key customers like Synthetix (on Optimism) and Ribbon Finance (on Ethereum)
- Secure 48% of all DEX trading within the first 8 months
Pyth
RollupsAs EVM-compatible and non-EVM blockchains emerged, DeFi users gained the ability to trade, lend, and transact across ecosystems.
