SINGAPORE, November 30, 2022 /PRNewswire/ — There was a time when data was considered the new oil, but the hype was short-lived as all of the traditional industries realized that only “good data” was truly valuable. When it comes to financial projections, good data quality is essential to avoid a large discrepancy between projected figures and actual figures.

Pyth Network is a specialized Oracle solution for latency-sensitive financial data that is often protected by centralized institutions. By deriving price data from more than 70 global institutions, including major crypto firms, as well as traditional stock exchanges and trading companies, Pyth data feeds are being used by DeFi applications across all blockchains. . Additionally, off-chain platforms and projects looking for reliable, real-time pricing data can take advantage of the Pyth Network.

In a recently signed 2-way partnership, global digital asset market maker and multi-stage Web3 investment firm DWF Labs joined the Pyth network to provide high-quality market data for crypto assets, as well as utilize the Pyth data sources.

“As experienced high-frequency traders, we are able to provide extremely valuable data that the entire industry can benefit from.” said Andrei Grachovthe managing partner of DWF Labs. “By providing our pricing and business data to the Pyth Network, and at the same time integrating its data into our existing workflows, we are increasing the resiliency of the Web3 industry.”

“More data for everyone means greater transparency, improved scalability, and improved reliability for the Web3 community as a whole.” commented lingling jiangHead of Regional Sales in the Liquid Markets division of DWF Labs.

Abhimanyu-bansala contributor to the Pyth network, said: “Pyth has established a network of leading trading companies that publish real-time market data directly on-chain. As one of the world’s leading crypto trading companies, DWF Labs’ contribution to Pyth will be of immense value. As we continue to scale and build the future of Web3, we are very excited to welcome them to the web.”

About DWF Labs:

DWF Labs is a leading global digital asset market maker and multi-stage Web3 investment firm, providing support from token listing to market making and OTC trading solutions.

With offices in Singapore, SwissUnited Arab Emirates, South Korea and BVI, DWF Labs is part of parent company Digital Wave Finance (DWF), which consistently ranks in the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.

About the Pyth network:

Network Pyth is a specialized Oracle solution for latency sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data onto the chain and aggregate it securely.

For more information on the Pyth network, visit pyth.network

Contact person: Andrei GrachovPartner director

Email: [email protected]

More information about DWF Labs: https://www.dwf-labs.com

Photo: https://mma.prnewswire.com/media/1957604/WhatsApp_Image_2022_11_29_at_18_01_55.jpg

SOURCE DWF Laboratories