Pheasant Network

**Key Developments This Week:** - **Audit Process Initiated**: Pheasant Network has started the audit process for their token contract, following last week's quote requests from audit firms. - **$PNT Integration Complete**: The team successfully integrated the $PNT claiming function with the contract and set up a workflow to integrate $PNT into their system. - **AI Feature in Development**: A new AI-powered feature is being designed, building on previous work for a cross-chain transaction mechanism. - **Testing Phase**: Monitoring tests are underway for the $PNT claiming page to ensure functionality before launch. **Recent Progress:** The developments follow successful deployment of the $PNT contract to staging environments and research into ERC-8128 and ERC-8183 standards. The team also presented at the Digital Asset Working Group earlier this month. These updates represent steady progress toward launching Pheasant Network's token while maintaining security through professional auditing.

Pheasant Network is seeing increased recognition across the web3 ecosystem, with the project being featured on multiple platforms and data dashboards. The network has recently achieved several visibility milestones: - **DeFiLlama listing**: Users can now access real-time, on-chain data about Pheasant's bridge and swap activity through this neutral third-party platform - **Quest platform launch**: A new system where users earn Pheasant Points by completing tasks, strengthening network engagement - **Leaderboard development**: A public ranking system is in progress to add competitive elements to the Points program The project is also exploring professional marketing support and has begun initial conversations with centralized exchanges, while maintaining its commitment to decentralization. Recent metrics show 723 monthly transactions worth over $1 million, with a community of 157,560 members. Development continues with bridge limit adjustments and new Layer 2 integrations.

**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.

Pheasant Network released **v4.22.0** with a complete frontend refactoring. The update delivers: - Smoother site performance - Faster loading times - Easier maintenance for developers The team promises **more upgrades coming soon**. [Full release notes](https://docs.pheasant.network/ecosystem/release-notes#v4.22.0-frontend-refactoring-november-19)

**Pheasant Network** made significant progress on its token distribution system this week. **Key developments:** - Completed designing the token claiming page - Continued work on token distribution infrastructure - Released [v4.21.0 with additional fee optimization](https://docs.pheasant.network/ecosystem/release-notes#v4.21.0-additional-fee-optimization-november-11) - Preparing for upcoming funding announcement The optimistic bridge protocol is moving closer to launching its token distribution mechanism, building on previous weeks' foundation work.

**BNB Chain leads weekly swap activity** across blockchain networks, according to the latest Pheasant Network report. **Top performers include:** - 🥇 BNB Chain - 🥈 Ethereum - 🥉 Polygon - ✨ Arbitrum - 🔥 Avalanche - 🍀 Optimism - 🚀 Gravity The report highlights **strong competition** among established networks, with several chains missing the top 7 rankings despite growing activity. Pheasant Network continues tracking cross-chain activity with their motto: *"Always cross-chain, one network!"*

**Pheasant Network** has launched its September Monthly Quest, inviting users to bridge assets and earn rewards. **Key Details:** - Bridge with Pheasant during September - Complete missions to collect **Pheasant Points** - Quest campaign builds on previous August initiative **How to Participate:** - Visit the quest portal at [pheasant.network/quests/7](https://pheasant.network/quests/7) - Bridge assets through the platform - Accumulate points through mission completion This continues Pheasant's monthly quest format, following their inaugural campaign in August that focused on ETH bridging and platform engagement. *Ready to start bridging and earning points?*