The Pyth Network, dedicated to offering global smart contract developers access to financial data, recently introduced the GMCI 30 Index Price Feed through the Oracle Network. This feed allows over 60 blockchain ecosystems to access the GMCI crypto market price index, also known as the GM 30. Developers can easily integrate the GMCI 30 feed with the Pyth 540+ price feeds for permissionless use in DeFi applications, enabling operations based on real-time GM 30 prices.
The GMCI 30 Index, created by index provider GMCI, tracks the performance of the 30 largest digital assets by market capitalization. This index, including top cryptocurrencies like Bitcoin and Ethereum, provides a global perspective on cryptocurrency markets, allowing market players to monitor performance and assess trends. Maarten Botman, CEO of GMCI, highlighted the importance of clear procedures and standardization in cryptocurrency market indices to attract investors and analysts to Web3 capital markets.
The Pyth Network’s Price Feeds, including the GMCI 30 feed, offer real-time access to the index for developers. This data source, facilitated by Pyth’s first-party network, also provides indices for traditional markets like the DJIA, SPY, and QQQ. Ecosystem VP Ben Yorke from WOO emphasized the value of Pyth’s GMCI 30 feed for smart contract developers in various ecosystems.
Smart contract developers from the EVM, Move, Cosmos, and Bitcoin ecosystems can access the GMCI 30 feed on over 60 blockchains for reliable price data. Several DeFi protocols have already integrated the Pyth GMCI 30 feed, including Bluefin, D8X Exchange, Pingu Exchange, Vela Exchange, and Protocol Horizon, each offering unique features and trading volumes. The Pyth Network invites developers to explore its high-frequency financial data services and reach out on the Pyth Discord with any inquiries.
