Pyth Q2 Report: Demand-side activity grew by 17%, with 246 million oracle update pulls across 70 blockchains

ChainCatcher news, Messari released the Pyth Network Q2 status report. The report shows:

• Q2 demand-side activity grew by 17%, with Pyth publishing 246 million oracle update pulls across 70 blockchains.

• Pyth transitioned to a pull oracle model on Solana in Q2.

• Since its launch at the end of Q1, Pyth Entropy has processed 265,000 requests, generating $19,000 in revenue in Q2.

• The Pyth protocol added support for 45 new price feeds, expanded to 14 new blockchains, and was integrated by 51 new applications.

• The Q2 data provider network grew by 7%, reaching 107.

• Launched Express Relay, an off-chain priority auction network to eliminate harmful MEV affecting DeFi protocols and participants.

• Pyth oracle was selected by Gauntlet to provide security for its yield vault in the Morpho DeFi lending protocol.