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Seven Blockchain Infrastructure Firms Add Support for Pyth Oracle Network on Solana

Seven blockchain infrastructure companies, including Coinbase Cloud and Figment, have added support for Pyth Network, an oracle service on the Solana blockchain.

Pyth Network's oracle solution aggregates off-chain data needed for decentralized finance applications. The network relies on more than 50 publishers, including Alameda Research, Jump Trading, and FTX Exchange, to provide accurate information for DeFi applications on Solana, which currently hold over $6.5 billion in total locked assets.

These companies will support Pyth's data providers and help them maintain their node infrastructure. The move comes as Pyth Network is expanding its infrastructure requirements for its oracle solution.

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