The Pyth Network, a real-time market data platform, has launched its Pull Oracle on Solana (SOL), according to the most recent updates shared with Finbold on June 17.
The launch marks a significant advancement for developers on the Solana mainnet-beta, as they can now access Pyth’s oracle prices by requesting updates from the Pythnet appchain.
While the Pyth push oracle will remain operational on Solana until June 30, 2024, the new pull oracle is poised to enhance reliability during periods of congestion and expand the number of available price feeds.
Overcoming the limitations of the Push Oracle
The initial version of the Pyth Network on Solana was built around a push oracle design, which received price inputs from data providers via Solana transactions, aggregated them on-chain, and then pushed the updated prices to the Solana environment every 400ms.
The Pyth push oracle became the most widely adopted decentralized finance (DeFi) oracle on Solana, but it had limit
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