Messari: Pyth Network Demand-Side Activity Grows 17% in Q2
2024-07-28 03:23:35
Messari release pyth network second quarter status report reportdesk3cryptocurrencydesktopCrypto News
Messari Releases Second Quarter Status Report for Pyth Network. The report shows: Demand-side activity grew 17% in Q2, and Pyth released 246 million pull oracle updates on 70 blockchains. Pyth transitioned to a pull oracle model on Solana in Q2. Pyth Entropy has processed 265,000 requests since its launch at the end of Quarter 1, bringing in $19,000 in revenue in Q2. Pyth protocol added support for 45 price feeds, expanded to 14 new blockchains, and was integrated by 51 new applications. Data provider network grew 7% to 107 in Q2. Launched Express Relay, an off-chain priority auction network to eliminate harmful MEV affecting DeFi protocols and participants. The Pyth oracle was selected by Gauntlet to provide security for its revenue vault on Morpho's DeFi lending protocol.
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