The launch of a new index represents a significant step in offering smart contract and blockchain developers access to real-time financial data. This index aims to provide a comprehensive overview of the crypto market, facilitating the assessment of industry stability and growth trends.
Ben Yorke, Ecosystem VP at WOO, has expressed excitement for this integration, emphasizing the collaborative efforts between GMCI, WOO, and Pyth to develop valuable new indices. Yorke stated that WOO X, as a long-standing data provider on the Pyth Network, is eager to see the integration of the GMCI 30 index.
He highlighted GMCI’s partnership with the WOO Innovation Hub and expressed commitment to working with Pyth on creating new indices that deliver value to both traders and consumers of Pyth Price feeds. Notably, several DeFi protocols, such as Bluefin, D8X Exchange, Pingu Exchange, Vela Exchange, and Horizon Protocol, have already begun using the feed.
The Pyth Network plays a critical role in providing real-time financial data for various blockchain ecosystems, which in turn promotes innovation and reliability in the digital asset market.