Movement Labs and Pyth Network deepen collaboration to empower high-performance DeFi ecosystem

On February 21st, Movement Labs announced a deep cooperation with Pyth Network, aiming to promote the rapid development of the Movement DeFi ecosystem through the efficient real-time data feed provided by Pyth Network. Movement Labs emphasized the advantages of its DeFi solution in security, speed, scalability, and interoperability, especially relying on Move Virtual Machine (MoveVM) and fast terminal rollup technology to build a Modularization and composable blockchain architecture. This cooperation will introduce more than 110 data publishers and institutional data sources from Pyth Network into the Movement ecosystem, ensuring that top blockchain applications can obtain fast and reliable market price data, thereby improving the performance and User Experience of DeFi applications.

 

Movement Labs stated that the data feed of Pyth Network will become a key component of the Movement DeFi ecosystem. Pyth Network is known for its proven reliability and low-latency data transmission capabilities, which can meet the high requirements of high-performance blockchain applications for real-time data. By integrating Pyth's price feed, Movement Labs developers can more efficiently build and optimize DeFi products, providing users with safer, faster, and more reliable encryption services.