Zeeve Partners with Pyth Network to bring High-fidelity ‘Pull-based’ Oracle Feeds to Layer2 Rollups
Tags: announcement, rollups, pythnetwork, zeeve
Published: 2024-03-26 06:58:33

<p><a href="https://www.zeeve.io/">Zeeve</a>, the reliable Rollups-as-a-service (RaaS) platform, has partnered with <a href="https://pyth.network/">Pyth Network</a>, the leading oracle protocol, to bring high-frequency real-time market data feeds to L2/L3 rollups and appchains.&nbsp;</p>
<p>Oracles play a pivotal role in connecting blockchains to off-chain systems, enabling the flow of real-world data onto its decentralized ecosystem that would otherwise remain isolated from the off-chain systems. Pyth Network is an industry-leading oracle protocol that delivers accurate, low-latency, and precise market data to its users through on-demand ‘pull-based’ model fetching only the relevant data and broadcasting it on-chain. Path’s data feeds include rich data from major industry players, including&nbsp; Binance, OKX, Jane Street, CBOE, Bybit, among others.</p>
<p>Pyth’s collaboration with Zeeve RaaS will drive benefits to enterprises, businesses, and native web3 projects, allowing them to unleash the full potential of their Layer2, Layer3 rollups, and application-specific blockchains with highly reliable, institutional-grade market data served via Pyth’s 450+ powerful oracle feeds available streaming data for 50+&nbsp;</p>
<p>blockchains. All the Zeeve RaaS builders across major industries spanning DeFi, web3 gaming, and payments, working with any Ethereum rollup frameworks like Polygon CDK, OP Stack, zkSync ZkStack, and Arbitrum Orbit, can now leverage the Zeeve-Pyth partnership to access comprehensive off-chain data and price feeds on-chain with the speed and convenience equivalent to centralized solutions.</p>
<p><em>“We are excited to partner with Pyth’s highly competitive ‘Pull’ oracles. Web3 builders launching their L2/L3 rollup chains with Zeeve’s low-code stack can now request Pyth-powered HiFi market data feeds into their dApp ecosystem, securely connecting to the off-chain data while only paying for their actual usage. We believe that Pyth’s bleeding edge approach to delivering critical real-world data, especially in times of high volatility, will transform the way DeFi, web3 gaming, and payment applications fetch and utilize data.”</em></p>
<p>Dr. Ravi Chamria</p>
<p>Co-founder and CEO of Zeeve</p>
<p><em>“Modularity in blockchains has become increasingly tangible, driven by the evolving demands of diverse applications such as high-performance DeFi and gaming. As these use cases demand tailored solutions, the limitations of generalized public blockchains have become apparent. In this landscape, Pyth emerges as the premier option for facilitating rollups and appchains, offering the flexibility and scalability necessary to accommodate the growing complexities of blockchain innovation."</em></p>
<p><em>Marc Tillement</em></p>
<p>Director of the Pyth Data Association</p>
<p>Zeeve has already partnered with leaders in the rollup industry, and we continue to expand our integration partner ecosystem, giving Zeeve’s RaaS users broader options to launch advanced, future-proof, and integrated rollups from day 1. This integration will benefit the vast Zeeve community of over 28,000 users and 40+ institutions already on the platform, along with all the users of Pyth Network who are seeking to leverage rollup infrastructure for their applications.&nbsp;</p>
<p>Apart from blockchain oracles, Zeeve supports the integration of other pluggable components, too, like interoperability protocols, DA layers, sequencers, account abstraction SDKs, data indexers, and a variety of next-gen tools.</p>
<p>For more information about Zeeve RaaS, visit our Rollups-as-a-Service page</a>. Or else, if you plan to launch an L2/L3 rollup chain, <a href="https://www.zeeve.io/talk-to-an-expert/">connect with us</a>. Our team of web3 experts will help you determine what infrastructure will suit your project needs and how you can cut down on overall cost notably while accelerating time-to-market.</p>