Etherscan Completes Migration to API v2

Pheasant Network has officially **started the audit process** for its token contract, marking a significant milestone in the project's development. Key developments this week: - Audit process initiated for token contract - New AI feature in design phase - $PNT claiming page undergoing monitoring tests - **$PNT claiming function successfully integrated** with the contract - Workflow setup in progress for $PNT integration This follows previous weeks where the team deployed the $PNT contract to staging environments and researched ERC-8128 and ERC-8183 standards. The project continues advancing its cross-chain infrastructure.

**Pheasant Network is now live on MegaETH**, offering fast and cost-efficient bridging from any network. Key features: - Bridge assets to MegaETH quickly and affordably - Special MegaETH quest campaign now active - Early users can explore new opportunities on the network Pheasant Network enables optimistic bridging between Layer 1 and Layer 2 networks. The integration aims to improve cross-chain asset transfers for users looking to access MegaETH's ecosystem.

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 total points distributed - Monthly transaction volume reached **$6M** across 16,393 transactions - Community grew to over **150,000 members** CEO Tomo noted strong momentum carrying over from 2025, with particular interest from the AI sector following the project's $2M seed round announcement. The team completed major architectural updates to strengthen protocol stability while advancing token development. The network introduced new monitoring tools for transaction fees and status tracking, plus adjusted L1 to L2 bridging fees to reflect current network conditions. Development work also included building the claiming test environment, improving authentication systems, and researching dashboard APIs. [January Monthly Recap](https://x.com/PheasantNetwork/status/2019517084531605698)

**Pheasant Network** made significant progress in its latest weekly update (November 24-30): - **MegaETH Integration**: Successfully integrated with @megaeth, expanding cross-chain capabilities - **Token Distribution Infrastructure**: Designed database architecture for upcoming token distribution system - **Product Updates**: Released enhanced relayer system and frontend improvements in [v4.23.0](https://docs.pheasant.network/ecosystem/release-notes#v4.23.0-enhanced-relayer-system-and-frontend-november-25) - **Roadmap Clarity**: Published updated [roadmap and focus areas](https://x.com/PheasantNetwork/status/1993867371279237435) for community transparency These developments build on previous work including the claiming page design and token distribution research from earlier updates.

**Base continues its dominance** in cross-chain bridge activity, securing first place for another consecutive week. **Top 5 Bridge Networks:** - **1st place:** Base - **2nd place:** Linea - **3rd place:** Unichain - **4th place:** Optimism - **5th place:** Arbitrum **Scroll** showed notable performance despite missing the top 5 rankings this week. The consistent rankings suggest **stable user preferences** across major Layer 2 networks, with Base maintaining its leading position in bridge transaction volume.