Pheasant Network

Pheasant Network has announced the completion of its first strategic funding round. The optimistic bridge protocol, which connects Layer 1 and Layer 2 networks, shared details about the investment in a recent blog post. The announcement follows their previous publication discussing the evolution from complex blockchain interactions to intent-based systems. This strategic round marks a significant milestone for the cross-layer bridge infrastructure. **Key Points:** - First strategic funding round completed - Focuses on optimistic bridge technology between L1 and L2s - Part of broader vision to simplify blockchain complexity Read the full announcement: [Pheasant Network Blog](https://home.pheasant.network/library/strategic-round-first)

Pheasant Network has completed the final end-to-end testing of its $PNT token, covering the full process from minting to claiming. The team is now preparing for broader market access. **Key Developments:** - Final $PNT token testing phase completed - ERC-7683 relayer support implementation underway - Central exchange (CEX) listing discussions initiated - Funding announcement in preparation - Homepage transitioning to focus on Super App - First AI-powered crypto blog published: [announcement](https://x.com/PheasantNetwork/status/2057034445845123295) The project continues refining its Super App with LLM integration while advancing toward token launch readiness.

**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?*