Revolut Joins Pyth Network to Enhance DeFi Applications
Revolut has become the first banking data publisher to integrate with the Pyth Network, a decentralized oracle provider offering real-time market data for on-chain applications. This move enables Revolut to share its digital asset quote and trade data, improving access to reliable data for DeFi developers.Unlocking Financial Innovation with Real-Time Data
The collaboration gives decentralized applications access to over 500 price feeds covering cryptocurrencies, equities, FX, and commodities. These feeds, which handled over $1 trillion in traded volume during 2024, will benefit from Revolut’s accuracy and transparency, enhancing the efficiency of DeFi ecosystems.Bridging Traditional and Decentralized Finance
Revolut’s Global Business Head of Crypto, Mazen Eljundi, highlighted the partnership as a step forward in modernizing finance. By combining Revolut’s trusted data with Pyth’s multi-chain infrastructure, the partnership strengthens connections between traditional banking and DeFi.Expanding the Pyth Network Ecosystem
Originally built for Solana, the Pyth Network now operates across 80 blockchain ecosystems, including Ethereum, Optimism, and Avalanche. With Revolut as a data publisher, the network expands its influence, offering a trusted bridge for institutional finance into the decentralized world.Revolut’s Growing Crypto Initiatives
In 2024, Revolut launched its crypto trading platform, Revolut X, and applied for a stablecoin license. Securing a UK banking license further cemented its role as a key player in integrating traditional and digital banking. This partnership reinforces Revolut’s mission to lead the future of decentralized financial services.
Read the full article on
theblock.
