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Pyth Community launches value feed knowledge on Bitcoin layer 2 Merlin Chain

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Pyth Community has formally introduced the launch of its Pyth oracle community on Merlin Chain, a Bitcoin layer 2 protocol recognized for its ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof modules, in keeping with a latest press launch.

With this integration, builders can entry Pyth’s huge value knowledge pool, enabling them to construct highly effective purposes whereas customers profit from dependable market info straight on the Merlin Chain.

Jeff, founding father of BitmapTech and Merlin Chain, expressed enthusiasm for the collaboration and its function in onboarding future customers.

“The crew is wanting ahead to becoming a member of arms with Pyth, a number one oracle, to assist construct the muse of Merlin Chain. With the value feeds and market knowledge Pyth supplies, we at the moment are able to welcome the subsequent technology of Bitcoin and DeFi to Merlin Chain,” acknowledged Jeff.

The Pyth Value Feeds at the moment are operational on the Merlin Chain, granting builders entry to over 400 low-latency knowledge feeds from each crypto and conventional asset courses. The Pyth oracle’s pull structure permits sensible contract purposes to request value updates as wanted, making certain entry to probably the most present knowledge whereas benefiting from high-fidelity and high-frequency info.

In response to the press launch, Merlin Chain can solidify its place as a most popular platform for Bitcoin ecosystem builders by incorporating Pyth Value Feeds. Merlin Chain DeFi ecosystem purposes like BitSmiley already make the most of Pyth’s knowledge feeds. Merlin Chain goals to empower Bitcoin’s native property and protocols on layer 1 by its layer 2 options, striving to “Make Bitcoin Enjoyable Once more.”

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As a part of Bitmap Tech, Merlin Chain contributes to a portfolio with a market cap exceeding $500 million, together with the favored BRC-420 “Blue Field” assortment on Ordinals.

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