The Next Chapter of Price Feeds on IOTA
TL;DR:
IOTA is now connected to Pyth Pro, Pyth’s institutional-grade price feed infrastructure, with lower latency, 3,000+ feeds. Part of a network-wide shift by Pyth, not IOTA-specific. Developers on Pyth Core must migrate by August 18 or feeds stop working.
A major upgrade in the price feed infrastructure of Pyth, the decentralized oracle network, is arriving for IOTA users. IOTA L1 is now connected to Pyth Pro, the next generation of Pyth’s price feed infrastructure, bringing lower latency, higher reliability, and a broader range of institutional-grade data to developers building on IOTA.
What’s changing
Pyth has already been powering real-time price feeds on IOTA: smart contracts on IOTA can query live, cryptographically-verified prices, refreshed roughly every second, letting dApps build with trusted market data rather than relying on centralized sources.
That existing Pyth service was built on Pythnet, Pyth’s original decentralized network of nodes, which used the Wormhole bridge to relay data across chains. Now, Pyth has announced that Pythnet is retired, with its infrastructure “center of gravity” shifted to a new architecture, Pyth Pro, built for lower latency, broader asset coverage, and institutional-grade distribution.
Pyth Pro as the Institutional Tier
Pyth describes Pyth Pro as “the institutional product that consolidates more than 3,000 price feeds across equities, futures, ETFs, commodities, FX, crypto, and fixed income into a single distribution network, delivered to traditional financial firms through standard APIs with transparent, tiered subscription pricing.”
The upgrade Pyth experience promises
- Higher-frequency updates for faster price moves.
- Additional price feeds beyond the current Core catalog.
- Lower latency across the data path.
Developers who need this level of speed and reliability (for example, exchanges, perpetuals platforms, or any application requiring constant, high-frequency price updates) are the primary beneficiaries of this upgrade.
This positions Pyth Pro (and by extension, IOTA developers who choose to upgrade to it) to serve the next wave of crypto adoption: applications bridging DeFi with traditional finance, real-world assets, and institutional trading desks that expect TradFi-grade data quality.
What IOTA Developers Need to Do
- From today onward: Developers currently using Pyth’s data feeds on IOTA L1 can subscribe to a Pyth data plan and update their implementation to the new standard. Find out how in Pyth’s documentation.
- From August 18 onward: Developers currently using Pyth’s data feeds on IOTA L1 cannot use Pyth Core any longer and must have completed migration to Pyth Pro. Affected teams have been informed by us already in advance to ensure a smooth transition
Pyth’s price feed for IOTA is moving from a free, decentralized, but comparatively slower price feed service to a faster, subscription-based service built on Pyth’s institutional-grade infrastructure. This is part of a broader shift across the entire Pyth Network, and not something unique to IOTA, as Pyth transitions its whole ecosystem from Pythnet to Pyth Pro and from a free model to a commercial one.
