Pyth Network (PYTH), recognized for its robust altcoin projects, has launched a new oracle solution named Lazer. This innovative tool delivers low-latency price feeds, specifically designed for cryptocurrency trading applications and exchanges that require high speed and accuracy. Lazer acts as a complementary service to Pyth Core, enhancing the overall functionality of the platform.
Ultra-Low Latency for Real-Time Transactions
According to announcements from Pyth Network, the Lazer oracle can transmit price data with millisecond updates. This solution offers ultra-low latency through customizable channel frequencies, enabling decentralized finance (DeFi) protocols to perform real-time market analysis and execute transactions swiftly.
Project officials emphasize that Lazer is designed for high-volume applications. The solution supports up to 20 price feeds on Solana 
$89 (SOL) simultaneously, aiming to minimize transaction costs within blockchain environments.
Lazer is capable of operating across various blockchain networks, including the Ethereum 
$2,369 Virtual Machine (EVM) and Solana Virtual Machine (SVM). Additionally, it can support up to a thousand price feeds, providing detailed data such as bid-ask prices and market depth.
Reliable Data from First-Hand Sources
Unlike traditional oracle solutions, Pyth Network does not rely on third-party data sources. Instead, it obtains its data directly from first-party publishers, which include leading exchanges, market makers, and financial service providers.
Recently, Pyth Network has partnered with financial technology firm Revolut, adding the company to its list of data publishers. Revolut has begun providing price data for various cryptocurrencies.
This new service, named Lazer by Pyth Network, is viewed as an innovation for both DeFi applications and decentralized exchanges. Lazer aims to create a competitive advantage in the cryptocurrency market with fast and reliable price feeds.
