AlphaLab Capital Group is pleased to announce our partnership with Pyth, which will include publishing real-time, on-chain market data for crypto assets. The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically walled off by centralized institutions. It operates one of the largest and most reliable oracle networks, deriving price data from more than 65 leading institutions, including leading crypto firms as well as traditional exchanges and trading companies. This data is utilized on-chain to help power DeFi applications and other projects in Web3, as well as off-chain for platforms and companies seeking real-time and reliable price data.
In addition to contributing to the Network, AlphaLab Capital will also be consuming data from Pyth, in order to help with on-chain trading activities, such as liquidations.
“As transparency and data reliability is very important for the growth of DeFi, we’re excited to be part of this data ecosystem. By providing data to Pyth, we are able to contribute to the scalability and transparency of blockchain operations. Our partnership with Pyth enables anonymized yet increased access to institutional grade, high fidelity data to DeFi applications” said John Gu, CEO of AlphaLab Capital.
“Given AlphaLab Capital’s position as a leading technology-focused crypto trading firm, we are really excited to be working alongside this impressive team on Pyth. They have an excellent track record of contributing to the DeFi and crypto community, and their robust technical expertise also makes them excellent partners for the Pyth ecosystem” Commented Stephen Kaminsky, Special Projects at Jump Crypto, one of the other leading trading firms supporting the project.
About AlphaLab Capital
AlphaLab Capital Group is a technology-driven trading group that transacts billions a day in cryptoassets across 40+ exchanges, both centralized and decentralized. Since 2017, AlphaLab Capital has provided market liquidity and efficient price discovery while consistently generating exceptional returns (aka alpha). AlphaLab Capital operates thousands of trading algorithms 24/7 on a globally distributed network of 500+ trading servers. The team sits across 3 continents with headquarters in Singapore.
About Pyth network
Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.
For more information about Pyth network, please visit pyth.network