Pyth oracle network has unveiled a Lazer solution to deliver price data with 1ms latency

What’s new? The team of the decentralized price oracle Pyth Network has unveiled a new Lazer solution designed for latency-sensitive trading applications and exchanges. Lazer will provide ultra-low latency asset price information with customizable frequency channels that can be updated at speeds of up to one millisecond. This will enable DeFi protocols for market analysis and real-time transactions, potentially outperforming centralized exchanges (CEXs).

Developer blog

What else is known? The developers note that delays in DeFi protocols pose exploit risks, with such incidents particularly common in environments such as mempools or during sudden price fluctuations on CEXs.

Such attacks, called oracle front-running, can be realized when some market participants gain faster access to information and manipulate the market to make a favorable risk-free trade at the expense of the other party to it.

“Pyth Lazer can equip DeFi platforms with the tools to compete head-to-head with centralized systems. By providing this sense of granularity, protocols can respond to market shifts with precision and speed, ensuring equitable access and fair competition for decentralized trading,” the developers emphasize.

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The solution is designed to minimize computational costs in blockchain environments, making it efficient for high-performance operations, such as simultaneously supporting 20 price channels on the Solana blockchain.

The service supports multiple blockchain environments, including Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), with the team planning future expansion. Lazer also supports up to 1000 different price channels and offers detailed data such as bid/ask prices and market depth.

Aimed at ultra-fast data delivery, Lazer is part of Pyth Core, which supports open-ended futures, loans, and structured products. However, the new solution can be separately integrated into DeFi protocols.

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Unlike traditional oracles that rely on third-party data sources, Pyth receives data directly from leading exchanges, market makers, and financial service providers, including Jump, Auros, Wintermute, and Selini. In early January, the Pyth team announced a collaboration with the leading online bank Revolut, which also began supplying market data to the network.

The Pyth Network (PYTH) native token ranks 107th in the overall cryptocurrency market capitalization ranking with a market cap of $1,196 billion and is trading at $0,3298, having added 2,7% overnight. At the same time, the asset has lost 6,57% since the beginning of the year.