TON: The Open Network announces partnership with Pyth Network oracle
- The Open Network (TON) announces a strategic partnership with Pyth Network to provide high-quality, real-time data to developers working on TON, enhancing the platform’s DeFi services and scalability.
- The partnership focuses on integrating Pyth's data feeds, enabling fast and reliable transactions, essential for a growing global audience.
- This partnership will strengthen TON developers' capabilities in creating financial services, games and consumer solutions.
The Open Network (TON), a decentralized blockchain platform, has announced a strategic partnership with Pyth Networka decentralized data oracle.
This collaboration aims to provide high-quality, real-time data to developers working on TONin order to support the creation of innovative and efficient decentralized applications (DApps).
TON Foundation has partnered with @PythNetwork to supercharge the developer experience on #YOUR with high-fidelity data feeds, aiming to boost the TON-based Web3 ecosystem in @telegram!
This collaboration brings:
– YOUR
TON Foundation has partnered with 
Access to institutional-grade price data for enhanced DeFi… 
(@ton_blockchain) TON empowers developers to transform the way millions of Telegram users transact, play, and engage.
Pyth has secured over $500 billion in volume and supports billions in total value secured across 70+ chains.
Goal of the collaboration: improvement of DeFi services and scalability
THE partnership between TON and Pyth Network focuses on the integration of Pyth data flow to improve TON's DeFi ecosystem. The accurate, real-time data provided by Pyth will enable DeFi projects on TON to benefit from fast and reliable transactions, essential to meet the needs of a growing global audience.
This partnership will also strengthen the TON's efforts to integrate more users into the on-chain spaceleveraging Pyth's low-latency data capabilities.
Benefits for developers and decentralized services
Pyth Network is recognized for offering institutional-quality pricing data, secured by multiple layers of protection. This data is essential for TON developers who seek to create sophisticated financial services and applications that stand out in the web3 universe.
Beyond financial services, the partnership with Pyth could also transform the gaming industry on TON. Game developers will be able to use the Pyth's precise data stream to create more dynamic and engaging in-game economies, making gaming experiences more immersive and financially viable.
Additionally, for consumer services, Pyth brings low-latency data expertise that can scale to thousands of streams and assets, which is crucial to delivering a responsiveness comparable to that of web2 services.
Commitment to transparency and innovation
THE partnership with Pyth is part of a series of recent TON initiatives aimed at improving user engagement and network transparency. On August 9, TON was integrated into the analytics platform from IntoTheBlock (ITB), providing the TON community with a free access to advanced analytical dataThis integration aims to provide deeper insights into the TON ecosystem, helping to strengthen network transparency.
With this partnership, TON and Pyth Network pave the way for significant developments in the field of decentralized applications. Developers on TON will now be able to access real-time price data, allowing them to create more robust and innovative DeFi services, games and consumer solutions.
The article TON: The Open Network announces partnership with Pyth Network oracle appeared first on Coin Academy