The integration of Pyth Network into The Open Network (TON) represents a significant advance in the accessibility and quality of data in the blockchain ecosystem.
Pyth developers have announced a strategic partnership with The Open Network, the network linked to Telegram, to unlock access to high-fidelity data within this blockchain.
This collaboration not only strengthens the data infrastructure for blockchain protocol and application developers, but also opens new opportunities for building a more robust and efficient digital ecosystem.
Pyth Network will provide high-quality data to TON apps
Pyth is a oracle protocol that connects market data owners with applications on multiple blockchains. With over 100 publishers contributing data, including some of the world's largest exchanges and market making companies, Pyth oracles provide real-time prices for 500+ digital assets across 55+ blockchain ecosystems. This service has been adopted by more than 350 protocols, demonstrating its relevance and reliability in the cryptocurrency space.
Now, with its recent integration into TON, the protocol will also help the network boost the developer experience by offering applications the fastest, most efficient and reliable data on Web3.
In addition to price oracles, products offered by Pyth Network include Express Relay, which allows protocols to eliminate the risk of mining maximum value (MEV) while accessing active liquidators, and Entropy, which facilitates the generation of secure random numbers on the blockchain. This toolset is expected to provide TON developers with access to high-fidelity data that is essential for building efficient and competitive applications.
An integration to serve a growing global audience
The partnership between Pyth Network and The Open Network represents a milestone in the evolution of data infrastructure in the blockchain space. This integration unlocks over 400 real-time market data feeds, available permissionless to developers working on Filecoin's peer-to-peer network and now TON. This means that smart contract developers on TON will be able to access accurate and up-to-date data, allowing them to build more sophisticated and functional applications.
Python developers have highlighted this integration as a critical step in accelerating the decentralized finance (DeFi) ecosystem on TON, considering the network's ability to integrate millions of new users into the Web3 ecosystem. At
Through this blockchain, Telegram is offering its more than 900 million active users new payment possibilities, consumer applications such as digital games and other services related to the digital ecosystem. Telegram's growing user base, coupled with increased TON adoption, accentuates the need for accurate, low-latency data. Game developers can leverage Pyth data sources to create more dynamic and engaging in-game economies, which in turn can increase user engagement and the profitability of their apps.
The integration of Pyth into The Open Network is just the beginning of an exciting journey towards a more competitive and data-driven blockchain ecosystem. As Pyth continues to expand its oracle network and improve the quality of data available, it is expected that more developers will join the platform and take advantage of the opportunities it offers.
