Pyth Network Unveils Pyth Price Feeds and Entropy on Sei V2

Pyth Network, a financial data oracle network, has introduced Pyth Price Feeds and Entropy on Sei V2. This development offers developers on Sei V2 access to over 500 real-time price feeds for digital and major asset classes, along with a secure on-chain random number generation source. The Pyth Network's pull oracle for price feeds allows Sei users to access low-latency price updates crucial for decentralized finance applications. Additionally, Entropy on Sei V2 enables developers to create unpredictable outcomes for Web3 applications like gaming, NFTs, and prediction markets. Sei V2 supports seamless deployment of existing Ethereum applications without modifications, providing a significant performance improvement and support for CosmWasm. The importance of on-chain randomness in DeFi is highlighted, emphasizing the role of Pyth's architecture in ensuring high-frequency market data access and gas-efficient price updates within the Sei ecosystem. By aggregating high-quality price information on-chain, Pyth incentivizes exchanges and firms to contribute data for smart contract use, supporting over 350 protocols and 500 real-time data feeds.