Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroMichael Cahill explores advancing Pyth Network for real-time data delivery, its superiority over other oracles and the hurdles faced in on-chain trading.
In this episode, Cahill unpacks the unique advantages of Pyth Network over other oracle providers and explains what obstacles currently stand in the way of replicating the centralized trading experience on-chain. According to Cahill, DeFi is"very close to feature parity with some of the backend elements of derivatives trading on centralized exchanges — what we haven't yet cracked is the user experience."© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.