What Chainlink does for Ethereum, Pyth does for Solana.
Pyth Network is a fast-emerging oracle provider for Solana, Ethereum, and other blockchains that want to publish market data on-chain. Pyth serves the essential job of connecting blockchain infrastructure with real-time data feeds to expand the use cases.
Pyth Network is the largest publisher Oracle network, with over 90 first-party data sources publishing directly to the network.
Pyth network provides a secure and reliable way for blockchains to access financial data outside the realm. Pyth Network sources data from over 90 data providers like big exchanges and market makers. Pyth Network provides data on cryptocurrencies, foreign exchange pairs, ETFs, equities, and commodities to over 40 blockchains.
Pyth Network contributors have been meticulously working since 2021 to provide the best-in-class price feed to Web3 developers. Pyth Network is working towards filling substantial gaps in the blockchain infrastructure in multiple ways, including
- Providing ultra-low latency, institutional quality market data for real-time integration to DeFi services
- Providing integration and support for non-EVM chains like Base, Solana, etc.
- Ensuring quality first-party data feeds that can be verified transparently from data sources
Pyth network opens up possibilities for blockchain use cases in new asset classes like treasury rates, real-world assets, and energy. DeFi requires access to these data sources to expand its user base to millions or even billions of users. Pyth Network is solving blockchain infrastructure’s biggest missing link – the connection between the chain and external data sources in real time.
Pyth Network’s Performance
The Pyth Network token has been charting a rising price line for months now. After a slowdown in January, Pyth hit the bottom and hasn’t looked back since. Pyth Network has jumped by 60% in the last 30 days, and 42% of the gains have come in the last two weeks alone.
Investors are turning to Pyth Network since it is a low-risk investment. Its price forecast is positive.
Why are Pyth network supporters Adding BItgert to Their Portfolio?
Portfolio diversification is the best investment strategy against a volatile bull season in the crypto market. Both Bitgert and Pyth Network are fundamentally strong projects that have caught the attention of investors. Both have been actively working to improve infrastructure since 2021.
Pyth Network has a bigger market cap than Bitgert, but Bitgert’s price rise momentum has been sustained and growing for months now. Bitgert has generated a whopping 113% price gain in a month - that’s more than 2x of Pyth gains.
Since its launch, it has given its investors a 40,000% ROI and looks poised for another momentous push in the coming months. Pyth Network supporters find Bitgert to be a good diversification based on the niche, risk profile, and scope of growth.
Conclusion
While Pyth Network and Bitgert have both proven their mettle in their respective areas, Bitgert has been a better performer in terms of price performance and developments. It’s deflationary; it’s fast, scalable, and secure, with a transaction throughput of 100K TPS at negligible fees.
Are you placing your bets on the Bitgert token yet or waiting for it to become unaffordable?
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