Pyth launches new Oracle Machine Lazer to provide ultra-low latency price data services

PANews January 16th news, according to The Block, Pyth Network has launched a new Oracle Machine service called ‘Lazer’ to support latency-sensitive applications such as high-frequency trading, Derivatives protocol, and perpetual futures platforms. Lazer aims to complement the existing Pyth Core Oracle Machine by providing faster price updates, with a minimum latency of 1 millisecond, to help Decentralized Finance protocols achieve real-time market analysis and efficient operations, potentially surpassing the performance of traditional Centralized Exchanges. Lazer supports multiple blockchain environments, including the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM), and will expand to other blockchain networks in the future. The service supports up to 1000 types of price data, and provides detailed information such as buying and selling prices, market depth, etc., while optimizing computational costs, and can efficiently support 20 types of price data simultaneously on Solana. Unlike traditional Oracle Machines that rely on third-party data, Pyth’s price data is provided directly by first-party publishers, including top exchanges, market makers, and financial service institutions. Recently, Pyth has also partnered with financial technology company Revolut, which has become one of the data publishers on its network.