PANews reported on January 16 that according to The Block, oracle provider Pyth Network launched a new oracle service called "Lazer" to support latency-sensitive applications such as high-frequency trading, derivatives protocols, and perpetual futures platforms. Lazer is designed to complement the existing Pyth Core oracle, providing faster price updates, up to 1 millisecond, helping DeFi protocols achieve real-time market analysis and efficient operations, and is expected to surpass the performance of traditional centralized exchanges.

Lazer supports multiple blockchain environments, including Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), and will be expanded to other blockchain networks in the future. The service supports up to 1,000 types of price data, and provides detailed information such as bid and ask prices, market depth, etc., while optimizing computing costs, and can support 20 types of price data on Solana at the same time for efficient operation.

Unlike traditional oracles that rely on third-party data, Pyth’s price data is provided directly by first-party publishers, including top exchanges, market makers, and financial services institutions. Recently, Pyth also cooperated with fintech company Revolut , which became one of the data publishers of its network.