Nasdaq Integrates Equity Data Onchain via Pyth Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

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Onchain Data Innovation: Nasdaq's selection of Pyth Network as a distribution channel for its equity market data enables blockchain-native applications to access institutional-grade pricing feeds directly, enhancing data timeliness and reliability while bridging traditional finance and blockchain.
Importance of Market Data: By publishing Nasdaq's stock prices and market information onchain, Pyth Network fills the gap between traditional equity pricing and decentralized finance protocols, facilitating the effective operation of decentralized exchanges and lending protocols.
Enhanced Trust Foundation: The flow of Nasdaq data through Pyth will provide greater pricing confidence for blockchain-based financial products, particularly for recently listed tokenized ETFs on Nasdaq, thereby reducing reliance on composite or derived pricing.
Convergence of Traditional Finance and Blockchain: This partnership indicates that traditional financial infrastructure providers are beginning to view blockchain as a legitimate distribution channel, potentially driving growth in the tokenized asset space, especially for protocols requiring trusted reference prices.

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Technical Analysis for PYTH

Technical Sentiment Analysis for Pyth Network (PYTH). As of , Pyth Network (PYTH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PYTH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, PYTH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Pyth Network (PYTH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0189	0.025	0.0309	0.037	0.0429	0.049	0.0549
Fibonacci	0.025	0.0296	0.0324	0.037	0.0416	0.0444	0.049

About PYTH

The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to 'pull' the latest price onto their blockchain when needed.In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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