Messari releases the State of the Pyth Network Report for Quarter 1 2024. The report shows:
Quarter 1, demand-side activity up 97%, Pyth releases 48 billion pulloracle updates;
· Total value acquired by Pyth increased 322% month-on-month to $7.20 billion (including Ethena). It added support for 41 new price feeds, expanded to 9 new blockchains, and integrated into 35 new applications;
Pyth added seven new data providers, expanding its publisher network to 100 data providers in Quarter 1.
· PYTH bets increased 92% month-on-month. This increase, combined with a 206% increase in the price of PYTH, resulted in a 489% increase in the value of PYTH in dollar terms, from $215 million to $1.30 billion;
The Pyth DAO launched operations in Quarter 1, approved the DAO charter, established the Pythian and Price Feedback Committees, and began implementing the Pyth Operations Improvement Proposal (PIP).
Messari Report: Total value of Pyth reached $7.20 billion in Q1 2024, up 322% month-on-month
2024-05-24 02:38:48
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