Pyth Network launches price feeds on Sony’s L2 solution Soneium

Pyth Community is working with Sony Group to implement the Pyth Worth Feeds on Soneium, Sony’s Layer-2 blockchain platform on Ethereum.

Pyth’s partnership with Sony Group additionally consists of Startale, the web3 expertise platform behind a number of blockchain functions.

Sony lately launched Soneium

Sony Group, by way of its blockchain division Sony Block Options Labs, has collaborated with Startale Labs to unveil Soneium.

The brand new layer 2 resolution is constructed with Optimism’s OP Stack – the expertise that additionally powers Coinbase’s Ethereum L2 platform Base. Worldcoin additionally used the OP Stack for its World Chain venture.

On August 28, the Soneium crew introduced the Minato testnet of the L2 community.

The layer 2 resolution may also unveil Soneium Spark, an incubation program aimed toward kick-starting the venture’s ecosystem.

In keeping with Sony Block Options, Soneium is eyeing traction as a world Web3 infrastructure platform, aiming to drive adoption and use circumstances that leverage the Sony Group’s large development potential.

Pyth value feeds go stay on Soneium testnet

In keeping with a weblog publish from Pyth Community, the partnership with Sony Group and Startale means the launch of real-time value feeds on Soneium.

The deployment will increase developer exercise and person expertise on Soneium, with Pyth Community powering the L2 platform’s rising Web3 ecosystem.

Pyth Worth Feeds will present dependable and high-quality information to assist builders and decentralized functions convey conventional media and leisure on-chain by way of Soneium Spark.

“Soneium Spark is on the forefront of bridging Web3 and Web2, startups and enterprises, and modern builders and the mass market. By welcoming Pyth as an infrastructure companion, we’re not solely increasing choices for builders, but in addition strengthening our mission to go mainstream with blockchain expertise,” stated Sota Watanabe, Head of Sony Block Resolution Labs.

Watanabe can be the CEO of Startale.

Pyth Community Market Development

Pyth Community presently provides entry to over 500 real-time value feeds, with over 100 information suppliers.

The Oracle Community additionally options greater than 70 blockchain integrations and offers value feeds to greater than 390 decentralized functions (dApps).

Ecosystems on Soneium that can profit from Pyth integration embody gaming and DeFi.

The worth of Pyth Community’s native token PYTH rose barely following the information.

After crashing to a low of $0.26 amid a broader market decline, PYTH/USD is presently buying and selling above $0.28.

Nonetheless, the altcoin is down 5% previously week and -23% previously 30 days. The 24-hour buying and selling quantity is down 15%, whereas the market capitalization is simply over $1 billion.

The publish Pyth Community Launches Worth Feeds for Sony’s L2 Resolution Soneium appeared first on Invezz