- Pyth Community, a decentralized community that gives real-time monetary knowledge to blockchains, is reside on the IOTA Rebased Testnet because it prepares to launch.
- By offering high-frequency value updates sourced from institutional-grade suppliers, Pyth Community ensures that builders have entry to correct market knowledge.
IOTA has formally introduced on its X account a collaboration with Pyth Community, a decentralized oracle resolution launched in 2021, to combine real-time, high-quality value feeds into its IOTA Rebased testnet. This partnership is about to boost the IOTA ecosystem by offering builders with safe and correct market knowledge, empowering them to construct superior decentralized functions (dApps).
📣 @PythNetwork Core will combine into the brand new #IOTA L1 mainnet! Pyth’s value feeds can be found on greater than 100 blockchains & utilized by 500+ apps, so we’re thrilled to safe this important infrastructure for our builder neighborhood🛠️.
🌐 Beginning at present, @PythNetwork is reside… https://t.co/WVS8dMVQvI
— IOTA (@iota) February 28, 2025
As a part of this integration, Pyth Community’s core infrastructure can be embedded straight into the IOTA L1 mainnet, making certain that builders have seamless entry to safe and decentralized value feeds for a variety of property.
Pyth Community Integration into IOTA L1
This integration strengthens IOTA’s place as a DeFi and Web3-friendly ecosystem, supporting monetary functions, lending protocols, and decentralized exchanges (DEXs). Notably, Pyth’s value feeds are already obtainable on over 100 blockchains and actively utilized by greater than 500 functions, together with EVM-compatible chains like Ethereum (ETH), BNB Chain, and Avalanche (AVAX), in addition to Cosmos-based blockchains, Solana (SOL), Aptos, Sui, TON, and NEAR.
As said within the announcement, builders excited about constructing on IOTA can apply for the iotalabs Builder Program, which helps tasks on IOTA’s upcoming MOVE-based L1 by providing funding, mentorship, and infrastructure help.
Actual-time market knowledge from Pyth Core is already powering a number of DeFi tasks on IOTA, together with DeeprFinance, Advantage Cash, Cyberperp, and iolendfi, which assist improve liquidity, safety, and effectivity throughout IOTA-based monetary functions. The mixing of Pyth Community enhances knowledge accuracy by making certain dependable and exact value feeds, stopping oracle manipulation in DeFi functions.
Moreover, builders can broaden their capabilities through the use of Pyth’s knowledge to construct subtle monetary instruments comparable to decentralized buying and selling platforms (DEXs), lending and borrowing functions, and derivatives markets.
What Is IOTA Rebased?
As we lined in earlier reviews, IOTA Rebased is an improve to IOTA’s distributed ledger expertise (DLT) that may concentrate on enhancing scalability, decentralization, and programmability by integrating well-established DLT frameworks. This shift strikes away from the unique IOTA 2.0 roadmap, aiming for quicker adoption and real-world usability.
The IOTA neighborhood performed a key position on this determination, with a governance vote held between December 2 and December 17 leading to 98.37% of IOTA token holders supporting the improve, demonstrating robust neighborhood consensus.
A key element of IOTA Rebased is the Transfer Digital Machine (MoveVM) integration, changing the present UTXO (Unspent Transaction Output) mannequin with an object-based ledger. This transition improves programmability, helps superior good contracts, and allows advanced DeFi and Web3 functions whereas introducing parallelized help for each EVM and MoveVM.
Moreover, IOTA Rebased introduces staking rewards, giving IOTA tokens actual utility, permitting token holders to stake property, safe the community, and earn rewards. To additional strengthen the improve, the IOTA Basis has already partnered with a number of main blockchain infrastructure suppliers and validators, together with Nansen, Ankr, Nodes.Guru, Cosmostation, InfStones, and Stakin.
These collaborations improve IOTA’s validator community, boosting safety, decentralization, and total efficiency. Presently, IOTA is buying and selling at $0.2023, reflecting an 8.05% improve over the previous week and a slight 8.22% lower within the final 7 days. Its buying and selling quantity has decreased by 21.37% to settle at $37 million.
