Revolut Partners With Pyth Network to Supply Market Data

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

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Last updated: 

January 8, 2025

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The Pyth Network, a decentralized data infrastructure firm, announced on Wednesday a new partnership with Revolut to integrate its market data.

In a press release shared with Cryptonews, Pyth stated that Revolut will merge its proprietary digital asset price data into Pyth price feeds.

This integration intends to enhance decentralized finance (DeFi) applications, enabling developers to trade using precise, real-time information.

Data Gives Developers Access to Real-Time Info

“Our partnership with Pyth is an important milestone in Revolut’s journey to modernize finance,” said Mazen Eljundi, global business head of Crypto at Revolut. “By providing reliable market data to applications, we can influence digital economies and ensure developers and users have access to precise, real-time information.”

As a data publisher on Pyth, Revolut will contribute its digital asset price data to bolster the reliability and security of hundreds of decentralized applications (dApps).

Pyth’s decentralized oracle network provides high-frequency pricing data to blockchains, facilitating real-time trading and decision-making.

Pyth has recently transitioned from Solana to Pythnet, its own blockchain built using Solana’s codebase.

In December, the network reported that it secured operations for dApps managing over $15.2 billion in Total Value.

Pyth Price Feeds Launch and Infrastructure Updates

Last November, Pyth Network launched its Pyth Price Feeds on the Morph testnet, a Layer 2 solution designed to enhance Ethereum scalability by combining ZK technology with optimistic rollups.

This update enables smart contract developers to access over 500 real-time price feeds spanning various digital asset classes.

The Pyth Network, a decentralized oracle network, specializes in delivering high-frequency pricing data to blockchains.

To further strengthen its infrastructure, Pyth transitioned from Solana to Pythnet, its own blockchain built using Solana’s codebase.

Meanwhile, Revolut has been expanding its presence in the crypto market.

In November, the company extended its crypto exchange, Revolut X, to customers in 30 additional European countries.

The platform offers competitive flat fees—0.00% for makers and 0.09% for takers—regardless of trading volume.

Existing Revolut customers can also seamlessly convert between fiat and cryptocurrency within the Revolut ecosystem.