- Revolut has joined Pyth Network as a data publisher to support price reliability for DeFi.
- The partnership bridges traditional finance and DeFi using blockchain technology.
- Serving 45 million users worldwide, Revolut’s collaboration with Pyth expands its web3 financial ecosystem.
Revolut, a leading UK digital banking platform, has partnered with Pyth Network to become its newest data publisher.
This strategic move highlights the growing convergence between traditional finance and decentralized finance (DeFi) as blockchain technology gains traction across the financial sector.
Revolut expands into the web3 ecosystem
Regulated by the UK Financial Conduct Authority, Revolut is known for its innovative approach to banking and financial services.
By joining Pyth Network—a blockchain-based oracle solution—Revolut will supply price data to strengthen the reliability and security of decentralized applications (dApps). The collaboration represents an important step in Revolut’s expansion into the web3 ecosystem.
Pyth Network aggregates price feeds from over 120 data providers and supports more than 450 dApps, aiming to deliver transparent, reliable market data for DeFi projects. Partnering with a digital bank like Revolut leverages the bank’s market expertise to improve the accuracy and robustness of Pyth’s price sources.
Reliable data is essential for emerging financial applications, and this partnership helps reinforce the infrastructure that DeFi projects depend on. Mike Cahill, CEO of Duoro Labs and contributor to Pyth Network, emphasized the value of connecting traditional and decentralized finance.
“We are seeing a pivotal moment where established financial institutions like Revolut recognize the value of digital assets and DeFi. Together, we are shaping a future where transparent, secure data empowers the next generation of financial innovation,” Cahill said.
Since launching in 2015, Revolut has rapidly grown to serve more than 45 million users across 200 countries, offering a wide range of financial services. The alliance with Pyth Network underscores Revolut’s commitment to adopting advanced technology and staying at the forefront of financial innovation.
As DeFi continues to evolve, partnerships like this are expected to play a key role in building trust and widening access. By integrating with Pyth Network, Revolut not only enhances DeFi ecosystems with stronger data foundations but also reinforces its leadership in the digital banking space.