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

2024-07-28 11:00:08

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.