#Pyth Launches New Oracle, Lazer#

Pyth Network has launched a new oracle service called "Lazer," designed to provide faster price feeds for applications sensitive to latency, such as high-frequency trading, derivatives protocols, and perpetual futures platforms. Lazer complements the existing Pyth Core oracle, offering faster price updates, as fast as 1 millisecond, helping DeFi protocols achieve real-time market analysis and efficient operations, potentially surpassing the performance of traditional centralized exchanges. Lazer supports a multi-blockchain environment, including the Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), and will expand to other blockchain networks in the future. The service supports up to 1,000 price data points and provides details such as bid and ask prices, market depth, while optimizing computational costs, enabling efficient operation of 20 price data points simultaneously on Solana. Unlike traditional oracles that rely on third-party data, Pyth's price data is provided directly by first-party publishers, including top exchanges, market makers, and financial institutions. Recently, Pyth partnered with fintech company Revolut, which became one of its network's data publishers.