Pyth Network is a decentralized first-party oracle financial network, established in April 2021, aiming to transfer real-time financial market data to smart applications across various blockchain chains.
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How does Pyth Network work?
1. Primary data providers The network collaborates with major financial institutions—such as exchanges and market-making firms—to publish price data directly on the blockchain, making the network more accurate and reliable than traditional oracles that depend on intermediaries.
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