Jane Street Joins DeFi Pyth Network

Quantitative trading firm Jane Street has become the latest financial institution to join the growing decentralized finance (DeFi) data network Pyth Network according to a story in The TRADE news. The market maker will initially contribute real-time crypto market data to the network with plans to expand into equities and other products later in the year. The Pyth Network is aimed at “rewiring” current financial infrastructure by creating a more democratized approach to data in the market. It is built on a Solana blockchain and is capable of handling 50,000 transactions per second.