As an experienced analyst in the blockchain industry, I am thrilled to see the latest development between Pyth Value Feeds and Particle EVM on the IOTA network. This integration marks a significant step forward for both parties, bringing real-world data on-chain and enabling developers to build innovative applications on IOTA EVM.
Pyth Value Feeds’ arrangement on Particle EVM signifies a significant shift towards Pyth Organization’s goal of making real-world and crypto asset cost data accessible on-chain. Now, developers can utilize over 500 real-time price feeds offered through IOTA EVM, which is an EVM-compatible layer-2 solution for the IOTA network.
Smart contract creators on the IOTA Evolution platform can now easily access a broad spectrum of real-time pricing data for cryptocurrencies, commodities, equities, ETFs, and forex pairs. This data is sourced directly from first-party institutional and decentralized market participants through Pyth oracle.
In the real world of assets, Decentralized Finance (DeFi) merges with Pyth’s Price Feeds.
The latest launch of IOTA’s Execution Environment (EVM) now hosts Pyth’s Price Feeds.
Developers working on the IOTA EVM gain access to more than 500 real-time price feeds spanning traditional and digital assets.
âšī¸ Insights on IOTA and IOTA EVM
Established in 2015, IOTA is a distributed ledger technology focused on the Internet of Things (IoT). With the introduction of IOTA EVM, developers can now build decentralized applications (dApps) using Ethereum-compatible smart contracts.
â Pyth Network đŽ (@PythNetwork) June 12, 2024
As a researcher studying the IOTA Foundation, I’m excited about the recent announcement made by Susanne Krone, the Head of Ecosystem. She highlighted the integration of Pyth’s oracle services as a substantial advancement for the IOTA ecosystem. For me, this means adding a valuable source of real-time and accurate data, which holds great potential in opening up numerous opportunities for developers working with IOTA EVM. This integration is viewed as a crucial move towards enhancing data trustworthiness and security within our community. With these enhanced tools at their disposal, innovators can continue to push the boundaries of what’s possible in building the future digital economy.
Iota’s distributed ledger technology facilitates the safe and cost-free transfer of both data and value. The IOTA EVM enhancement builds upon this foundation, specifically focusing on tokenizing assets and integrating real-world objects (RWAs), while ensuring tamper-proof data with minimal resource usage.
The Pyth Price Feeds play a crucial role in attaining these goals as they supply precise pricing information to secure the exchange and transmission of RWA value, acting as a safeguard. Currently, several DeFi applications on IOTA EVM back Pyth Price Feeds.
Deepr Things functions as a decentralized marketplace for exchanging digital assets, eliminating the need for intermediaries.
As a financial analyst, I would describe “Virtue Money” as follows: Iota’s Evolutionary Machine Virtual Machine (EVM) hosts this innovative protocol called Virtue Money. This system enables users to mint stablecoins that are over-collateralized with multiple asset options, all while benefiting from zero percent interest rates.
IOTA was launched in 2015 as a decentralized infrastructure for promoting trust in digital exchanges. Its unique technology, known as the Tangle, facilitates swift transactions and seamless data and value transfer with minimal resource usage. Within this network, the IOTA token functions as the native currency.
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2024-06-13 10:54