As a seasoned crypto investor with a keen interest in staying informed about the latest developments in the industry, I view the launch of the GMCI 30 Index Price Feed by Pyth Network as an extremely positive development. This collaboration between Pyth and GMCI represents a significant stride towards providing smart contract and blockchain developers with real-time financial data, which is essential for making informed decisions in this rapidly evolving market.
The Pyth Network unveiled the GMCI 30 Index Price Feed, granting access to the GMCI crypto market index for more than 60 blockchain platforms.
With this launch, we bring real-time financial data within reach for the dynamic duo of blockchain and smart contract developers.
As a crypto investor, I’m thrilled to share some exciting news with you. Pyth Network will now be broadcasting GMCI index prices directly! This partnership is a major milestone for us as we strive to establish ourselves as the go-to benchmark in the ever-evolving crypto marketplace.
As a researcher focused on the digital asset sector, I can tell you that GMCI excels at developing indexes specifically for this field. By doing so, they offer a clear and open avenue for attracting investors and financial institutions to the rapidly growing Web3 markets.
As a researcher studying the digital asset market, I’d like to share that this year, GMCI unveiled the GMCI 30 Index. This index represents the 30 leading digital assets ranked by their current market capitalization. Notable inclusions are Bitcoin (BTC) and Ethereum (ETH).
In simpler terms, this new index has been developed to offer a clear picture of the cryptocurrency market, enabling us to assess market conditions and identify developing trends within the industry.
GMCI 30 integration
Developers can effortlessly and without requiring permissions gain direct access to Real-Time GMCI 30 price data through Pyth Network’s extensive first-party data provider system. Previously, Pyth primarily focused on providing major traditional market indices such as the DJIA and SPY. Now, with the introduction of the GMCI 30 digital assets index feed, Pyth broadens its scope in the crypto market.
Ben Yorke, the Ecosystem Vice President at WOO, showed great excitement about the upcoming integration between GMCI, WOO, and Pyth. He emphasized the continuous partnership between these entities in creating innovative new indices.
Yorke, representing long-term data supplier WOO X on Pyth Network, expressed enthusiasm over the addition of the GMCI 30 index. As a collaborator of WOO Innovation Hub, we look forward to our ongoing partnership with Pyth and contributing to the development of new indices that bring benefits to Pyth’s price feed users.
Multiple Decentralized Finance (DeFi) platforms such as Bluefin, D8X Exchange, Pingu Exchange, Vela Exchange, and Horizon Protocol are currently utilizing the Pyth Network’s services. The Pyth Network serves as a vital source of real-time financial information across various blockchain environments, thereby promoting ingenuity and trustworthiness within the digital asset sector.
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2024-06-13 20:48