Pyth Network, a decentralized oracle solution based on Solana, has announced the release of an XRP price feed for DeFi protocols. This move is expected to increase XRP's exposure by providing real-time price data to numerous platforms. The Pyth Network aggregates and validates data from various sources, including traditional financial institutions, and provides this data on-chain for developers. By integrating with Pyth Network, developers and platforms can leverage the XRP price feed to create or enhance new applications, increasing the visibility and usage of XRP within the DeFi ecosystem.
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