Oracles

Discover how oracles bring real-world data on Gravity with high-speed, secure, and cost-efficient feeds for DeFi and beyond.

Overview

Blockchain oracles act as bridges between smart contracts and real-world data. They provide essential off-chain information such as price feeds, random numbers, and event outcomes that blockchains cannot access natively. Oracles vary in design, with some using push models (regular on-chain updates) and others using pull models (on-demand data requests). The quality of an oracle is measured by its speed, accuracy, cost-efficiency, and security against manipulation.

Oracles

Pyth

The Pyth Network is the largest first-party Oracle network, delivering real-time data across a vast number of chains. Pyth introduces an innovative low-latency pull oracle design, where users can pull price updates on-chain when needed, enabling everyone in the blockchain environment to access that data point most efficiently. Pyth network updates the prices every 400ms, making Pyth the fastest on-chain oracle.

Users can also opt to use push model oracles through Pyth by running a scheduler.

Pyth Oracle Features:

• 400ms latency

• Most efficient and cost-effective Oracle

• First-party data sourced directly from financial institutions

• Price feeds ranging from Crypto, Stock, FX, Metals

• Available on all the largest chains

Check out the following links to get started with Pyth.

• Pyth EVM Integration Guide

• Pyth Docs

• Pyth API Reference

• Pyth Examples

• Pyth Price Feed Ids

• Website

• Twitter