Pyth launches new oracle Lazer, providing ultra-low latency price data services

According to The Block, oracle provider Pyth Network has launched a new oracle service called "Lazer" to support latency-sensitive applications such as high-frequency trading, derivative protocols, and perpetual futures platforms. Lazer is intended to complement the existing Pyth Core oracle by providing faster price updates, up to 1 millisecond at its fastest, helping DeFi protocols achieve real-time market analysis and efficient operation with the potential to surpass the performance of traditional centralized exchanges.

Lazer supports multi-blockchain environments including Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), with plans for future expansion into other blockchain networks. The service supports up to 1000 types of price data and provides detailed information such as bid-ask prices and market depth while optimizing computational costs. It can efficiently run 20 types of price data simultaneously on Solana.

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