L1-network $IOTA has integrated with Pyth Pro — a price oracle infrastructure developed by the decentralized Pyth network, which specializes in supplying financial data for blockchain applications. Following this upgrade, developers gain access to over 3,000 institutional-grade price feeds, as well as data with lower latency and higher update speeds.
Previously, $IOTA utilized Pythnet — Pyth's first infrastructure, through which price data was transmitted via the Wormhole bridge. Pyth is now gradually phasing out Pythnet and migrating all supported blockchains to Pyth Pro. This planned upgrade affects the entire Pyth ecosystem, not just $IOTA.
Developers working within the $IOTA ecosystem can already switch to the new infrastructure by subscribing to the Pyth Pro plan and updating their application integrations. The migration should be completed by August 18. After this date, the Pyth Core price feeds will cease to function, and projects that have not migrated to Pyth Pro will lose access to market data.
Image: Magnific
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