Pyth Network, a provider of real-time market data for onchain applications, has launched Express Relay on mainnet, showcased by Douro Labs and Pyth Data Association at EthCC in Brussels on Thursday.

The oracle provider claims Express Relay, governed by the Pyth DAO, provides a decentralized solution to the “long-standing problem” of maximal extractable value (MEV), saving money for protocols and DeFi users.

MEV refers to the maximum value that can be extracted from block production over the standard block reward and gas fees by including, excluding and changing the order of transactions in a blockchain.

Express Relay works by connecting DeFi protocols to a network of searchers through protocol-controlled auctions for valuable transactions like liquidations. It claims to enable …