Pyth Network Introduces GMCI 30 Index Price Feed

Permissionless integration is available with the GMCI 30 feed and all Pyth 540+ price feeds. DeFi applications may operate based on the GM 30’s real-time price. This blog delves into the GM 30’s design, while Pyth broadens the index’s reach to include several blockchains.

The GMCI 30 Index: What is it?

The GMCI 30 Index, often known as GM 30, was introduced by GMCI this year. It is an index that monitors the performance of the 30 biggest digital assets based on market capitalization. With the inclusion of both long-term market leaders and significant catalysts like Bitcoin and Ethereum, this index provides a worldwide view of the cryptocurrency markets. Market players may more readily monitor the performance of the top cryptocurrencies and assess the stability, sentiment, and growth patterns of the sector by using an index such as GM 30.

Maarten Botman, CEO of GMCI stated:

“We are excited to announce that Pyth Network will be streaming GMCI index prices. This collaboration represents a significant step forward in our mission to become the benchmark of choice in the crypto space. By leveraging Pyth’s cutting-edge technology, we are ensured of providing even more accurate and reliable data to our users. This partnership underscores our commitment to innovation and excellence in the market.”

GMCI 30 on Pyth Price Feeds

Ben Yorke, Ecosystem VP at WOO stated:

”As a long-standing data provider on the Pyth Network, WOO X is excited to see the integration of the GMCI 30 index. GMCI is a partner of the WOO Innovation Hub and we will continue to work together with Pyth on new indices that provide value to both traders and consumers of Pyth Price feeds.”

Who’s Using Pyth’s GMCI 30 Feed?

The EVM, Move, Cosmos, and Bitcoin ecosystems provide smart contract developers with access to a dependable, high-frequency price source for the GMCI 30 on over 60 blockchains. DeFi protocols, which power several chains and provide users with unique exposure, have already begun merging with the Pyth GMCI 30 feed.

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