Pheasant Network Launches on MegaETH with Quest Campaign

**Pheasant Network** made progress on its $PNT token launch during the week of April 24-30. Key developments include: - Completed **$PNT performance testing** and published the token whitepaper - Finalized calculations for converting **Pheasant Points to $PNT** - Finished design work and began development on a **DeFi Super App** - Launched the [May Monthly Bridge Quest](https://x.com/PheasantNetwork/status/2050129698345112024) This follows the previous week's publication of the [$PNT audit report](https://x.com/PheasantNetwork/status/2046946091371757634) and resolution of remaining technical issues. Market maker agreements are nearing completion. The project continues building toward its token launch while expanding its cross-layer bridge functionality.

Pheasant Network has launched its May Monthly Bridge Quest, inviting users to explore cross-network routes. **What's New:** - Monthly quest series continues for May 2026 - Users can set routes across different networks - Quest accessible at [pheasant.network/quests/77](https://pheasant.network/quests/77) **Background:** - Follows April's Monthly Bridge Quest - Part of ongoing monthly quest program - Encourages cross-network activity through the bridge The quest represents another opportunity for users to engage with Pheasant's optimistic bridge infrastructure connecting Layer 1 and Layer 2 networks.

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.