Pheasant Network

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 points distributed - Monthly transaction volume reached **$6M** across 16,393 transactions - Community grew to over 150,000 members **Technical Improvements** - New transaction fee monitoring tool deployed for real-time verification - Updated L1 to L2 bridging fees to reflect current network conditions - Resolved transaction stack issues in Pheasant Swap - Increased bridge amount limits **Strategic Progress** - CEO Tomo featured in AIPressRoom interview discussing crypto-AI convergence - Completed major architectural update for protocol stability - Launched monthly Bridge and Swap quests - Added newsletter subscription task for community engagement The team maintains focus on delivering $PNT while continuing protocol improvements and ecosystem expansion. [January Monthly Recap](https://x.com/PheasantNetwork/status/2019517084531605698)

Pheasant Network has published its monthly recap for January 2026, providing updates on the optimistic bridge protocol connecting Layer 1 and Layer 2 networks. The full report is available on their official website and covers developments, metrics, and activities from the past month. **Key Points:** - Monthly recap now available for January 2026 - Covers bridge operations and network updates - Follows previous monthly reports from December 2025 [Read the full Monthly Recap](https://home.pheasant.network/library/january-2026)

Pheasant Network has introduced a new newsletter subscription task in their **Pheasant Points Starter Tasks** program. **Key Details:** - Users can complete the email subscription task to earn points - The task is designed to keep community members informed about an upcoming major milestone - This follows the recent v4.24.0 update that added a public roadmap showing active development features The newsletter task ensures users stay updated on important announcements while earning rewards through the points system.

Pheasant Network has initiated its **Monthly Swap Quest** for February 2026, encouraging users to perform cross-network token swaps throughout the month. **Key Details:** - The quest focuses on facilitating smooth token swaps across different blockchain networks - Users can participate throughout the entire month of February - This follows the February Monthly Quest that began on February 1st, which emphasized opening new routes across networks - The swap quest represents a continuation of Pheasant's monthly challenge series **How to Participate:** Users can engage with the quest by swapping tokens using Pheasant's bridge infrastructure, which connects Layer 1 and Layer 2 networks. [Learn more about the Monthly Swap Quest](https://pheasant.network/quests/63)

**Weekly Cross-Chain Activity Report** Base continues to lead weekly swap volume, maintaining its position from previous weeks. The latest rankings show: - **Top performers**: Base, Arbitrum, and Linea hold the top three positions - **Notable networks**: Optimism, World Chain, Sei, and Moonbeam round out the top seven - **Consistent leaders**: Base and Arbitrum have maintained their dominance throughout recent weeks The bridge activity report shows similar patterns, with Base leading, followed by Optimism and Linea. Scroll showed notable performance in bridge activity. These rankings reflect ongoing cross-chain activity across multiple networks, with Base establishing itself as the most active network for swaps over the past several weeks. The data suggests steady growth in Layer 2 adoption, with several networks competing for user activity.

**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!"*