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Crypto vs. Dollar

📌 Solana’s DeFi ecosystem has been extended with Pyth Network’s Pull Oracle.

Learn about the latest developments in the cryptocurrency market. Solana

– Learn about the latest developments in the cryptocurrency market.

Pyth’s pull oracle improves the reliability and frequency of Solana DeFi data, increasing transaction efficiency.

The new oracle supports over 500 price channels and provides the Solana protocol with broader and more efficient access to data.

Pyth’s dual oracle system provides a smooth transition and improves reliability and security for Solana users.

Pyth Network has launched the Dual Oracle System on the Solana blockchain. This innovative technology promises to change the way developers access and use data on the blockchain, improving the reliability, speed and security of a wide range of applications.

Pyth’s pull oracle has several advantages over its predecessor, push oracle: first, it improves reliability by allowing users to incorporate price updates into their transactions so that they are always up to date. In addition, this method overcomes the congestion problems that previously plagued push oracles.

In addition, the new oracle is updated more frequently. This means that Solana users can access real-time pricing data even during periods of high traffic. This feature is very important for timely DeFi transactions that are subject to price fluctuations.

Another important benefit is the expanded selection of price feeds: the Oracle Pyth pull offers more than 500 feeds, which is more than in the push version. This expansion is made possible by the improved gas efficiency of the system. Thus, the Solana protocol is now able to access a wider range of data and support more applications.

In addition, pull oracles provide access to historical price data; Solana developers can use this functionality for a variety of mission-critical tasks, such as backfilling transactions to ensure accurate calculations. This feature also helps prevent potential performance overruns and improves security.

Pull Oracle deployments also support the new SVM environment. As the blockchain evolves, there is a growing need for adaptable oracles, and the Pyth pull oracle fulfills this need by providing scalability across different blockchain infrastructures.

It also offers advanced security features. The Pythnet appchain, which hosts the pull oracle, uses data from twice as many providers as the push oracle, providing more reliable and secure data output.

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