PYTH Network and Revolut have formed a partnership to enhance DeFi through real-time digital asset data. Revolut will contribute proprietary digital asset price data to PYTH Price Feeds, allowing DeFi developers to access and incorporate this data into their applications. This move strengthens the connection between traditional finance and DeFi markets.

In an interview with Cointelegraph, Mike Cahill, CEO of Douro Labs, emphasized that the collaboration aims to foster growth rather than compete directly with Chainlink. Cahill highlighted the importance of transparency and reliability in price feeds, stating they’re crucial in today’s interconnected world. The partnership showcases PYTH’s focus on empowering DeFi over traditional finance.

The launch of the VanEck PYTH ETN in Europe enables investors to track the PYTH token’s performance. Available in 15 EU countries, including Germany and France, the ETN is fully collateralized with PYTH tokens. This financial instrument exemplifies how PYTH is advancing in the financial market, reinforcing its presence in the DeFi space.