Base Maintains Top Spot in Weekly Swap Rankings

Pheasant Network wrapped up the first week of February with significant progress on its upcoming token launch: **$PNT Development Milestones** - Completed end-to-end testing for $PNT token distribution - Prepared comprehensive test scenarios to ensure smooth rollout - Token launch moves closer to deployment after months of development **January 2026 Highlights** - Pheasant Points holders surpassed **120,000**, with 180M points distributed - Monthly transaction volume reached **$6M** across 16,393 transactions - Community grew to over 150,000 members **Technical Improvements** - New transaction fee monitoring tool deployed for real-time verification - Updated L1 to L2 bridging fees to reflect current network conditions - Resolved transaction stack issues in Pheasant Swap - Increased bridge amount limits **Strategic Progress** - CEO Tomo featured in AIPressRoom interview discussing crypto-AI convergence - Completed major architectural update for protocol stability - Launched monthly Bridge and Swap quests - Added newsletter subscription task for community engagement The team maintains focus on delivering $PNT while continuing protocol improvements and ecosystem expansion. [January Monthly Recap](https://x.com/PheasantNetwork/status/2019517084531605698)

Pheasant Network has published its monthly recap for January 2026, providing updates on the optimistic bridge protocol connecting Layer 1 and Layer 2 networks. The full report is available on their official website and covers developments, metrics, and activities from the past month. **Key Points:** - Monthly recap now available for January 2026 - Covers bridge operations and network updates - Follows previous monthly reports from December 2025 [Read the full Monthly Recap](https://home.pheasant.network/library/january-2026)

Pheasant Network has introduced a new newsletter subscription task in their **Pheasant Points Starter Tasks** program. **Key Details:** - Users can complete the email subscription task to earn points - The task is designed to keep community members informed about an upcoming major milestone - This follows the recent v4.24.0 update that added a public roadmap showing active development features The newsletter task ensures users stay updated on important announcements while earning rewards through the points system.

Pheasant Network has initiated its **Monthly Swap Quest** for February 2026, encouraging users to perform cross-network token swaps throughout the month. **Key Details:** - The quest focuses on facilitating smooth token swaps across different blockchain networks - Users can participate throughout the entire month of February - This follows the February Monthly Quest that began on February 1st, which emphasized opening new routes across networks - The swap quest represents a continuation of Pheasant's monthly challenge series **How to Participate:** Users can engage with the quest by swapping tokens using Pheasant's bridge infrastructure, which connects Layer 1 and Layer 2 networks. [Learn more about the Monthly Swap Quest](https://pheasant.network/quests/63)