Pyth Network don launch Onchain Price Feeds for 85 HK Stocks
Pyth Network don launch onchain price feeds for 85 big Hong Kong stocks, wey cover HK$28.8 trillion (about $3.7 trillion) market value. Di real-time feeds dey update every 400 milliseconds and dem dey collect data direct from top-class exchanges and trading firms, wey bypass old license wahala and delayed services. E dey available for over 100 blockchains—including EVM-compatible networks like Ethereum, BNB Chain, and Avalanche—dis onchain price feeds dey help developers put live Hong Kong stock data inside trading strategies, synthetic derivatives, lending protocols, and tokenized portfolios. With over 1,300 feeds across equities, commodities, and cryptocurrencies, Pyth Network’s decentralized pull oracle model dey reduce latency, cut data cost, and improve network performance, wey make risk management and data integrity better for DeFi applications. Dis launch, wey follow similar ones like Centrifuge’s onchain S&P 500 index, dey show how institutions dey adopt onchain financial data and e dey bridge Asia’s traditional markets with decentralized finance.
Bullish
Dis expansion wey dem do for onchain price feeds for 85 Hong Kong stocks dey gbasky wella for Pyth Network data offerings, e add HK$28.8 trillion market coverage plus e improve oracle utility for pass 100 blockchains. The real-time updates of 400 ms and the pull oracle model fit make Pyth services and its own token demand increase, wey go boost trading volume. For short term, traders fit enter long positions dey expect say token usage go rise; for long term, institutional adoption and how e go fit join inside DeFi strategies go keep price dey go up, show say outlook dey bullish.