🔨 Pheasant Network Drops v4.​22.​0

**Weekly Bridge Rankings Show Consistent Leaders** MegaETH maintained its position at the top of bridge activity for the third straight week, demonstrating sustained momentum in cross-chain transfers. **Top 5 Networks:** - **MegaETH** - First place - **Optimism** - Second place - **Base** - Third place - Arbitrum - Fourth - Unichain - Fifth **Notable Performance:** Linea showed remarkable activity despite missing the top 5, continuing a pattern of strong performance observed in recent weeks. The rankings reflect bridge transaction volume across major Layer 2 networks, with MegaETH's three-week streak indicating growing adoption and user activity on the platform.

Pheasant Network completed several key milestones this week: - **E2E testing** of $PNT backend and infrastructure successfully completed - **$PNT contract deployed** on test environment - Presented at Digital Asset Working Group [event](https://x.com/PheasantNetwork/status/2032286021447016719) - **CCTP v2 integration** design finalized - Initiated **audit firm selection** process These developments mark significant progress in Pheasant Network's bridge infrastructure, moving closer to mainnet deployment.

Pheasant Network CEO Tomo participated in the launch event of the **Digital Asset Working Group**, an initiative led by Ethereum Japan. The working group signals growing interest in Ethereum adoption within Japanese enterprises. This follows Tomo's previous appearance at ETHTokyo, where he discussed Ethereum's role in digital society infrastructure alongside representatives from the Ethereum Foundation and MynaWallet. The formation of this working group suggests institutional momentum is building around Ethereum integration in Japan's corporate sector.

**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)