Pheasant Network

Pheasant Network continues its multi-chain expansion with official listing on the Cronos Chain ecosystem. This follows their March launch of Pheasant DEX on Cronos and recent integrations with multiple networks including Ethereum, Sei Network, Optimism, Celo, Polygon zkEVM, Aurora, and Filecoin. Key Updates: - Listed on [Cronos Discover Portal](https://discover.cronos.org/projects/pheasant-network) - Launched Pheasant Points system for community contributions - Completed final testing phase for points system - Released cross-chain swap functionality across major networks Users can now access Pheasant's cross-chain services through [pheasant.network/swap](https://pheasant.network/swap)

Weekly bridge activity rankings show significant shifts in Layer 2 ecosystem: - **Base** claims first place - **Arbitrum** moves up to second position - **Taiko** secures third place Notable mention goes to **Optimism** showing remarkable activity despite not making top 3. This continues the trend from previous weeks where Base and Arbitrum have consistently ranked in top positions, while Taiko and Optimism maintain strong presence in the L2 bridge landscape.

Taiko and Pheasant Network have launched a collaborative DeFi campaign running from April 14-28. Users can participate in two main ways: - Complete social media activities - Perform on-chain transactions via Pheasant Participants can win Taikoons, the genesis NFT collection. This follows Pheasant's integration with Taiko's ecosystem in Season 2 of Trailblazers, offering fast and cost-effective bridging solutions. Participate here: [Galxe Campaign](https://app.galxe.com/quest/pheasantnetwork/GCdkut19Yq)

Pheasant Network has completed final testing of their Pheasant Points system, a new feature designed to recognize user contributions. The program is scheduled to launch in April 2025. Key developments: - Retroactive granting of points for past transactions - Launch of in-house admin functionality - Documentation now available This follows a busy month of expansion, with Pheasant Swap now live across multiple networks including Ethereum, Sei Network, Optimism, Celo, Polygon zkEVM, Aurora, and Filecoin. [View Pheasant Points documentation](https://x.com/PheasantNetwork/status/1910767052727464243)

Pheasant Network has published insights on their approach to bridge security, acknowledging the inevitability of human error in blockchain systems. - Focus on building **resilient protocols** rather than pursuing perfect error elimination - Detailed comparison between multisig and optimistic bridge security mechanisms - Strategy emphasizes *damage minimization* and *loss prevention* Learn more in their technical deep-dive: [Multisig vs Optimistic Bridges](https://blog.pheasant.network/multisig-bridges-vs-optimistic-bridges-in-depth-look-at-security-mechanism-of-pheasant-network-4b0c81c37a62) For bridge fundamentals, check their guide: [What are optimistic bridges?](https://home.pheasant.network/library/category/article?articleId=cm24e1jnn5oql0716jby2vreb&categoryId=Knowledge)

**March Highlights:** Pheasant Network launched their Cross-Chain Swap product, enabling direct token swaps across 30+ blockchain networks. The platform supports thousands of tokens and aims to reduce friction in cross-chain transactions. Key developments: - Announced support for ERC-7683, a new cross-chain standard for intents - Launched a new community Telegram group - Added Pectra upgrade support on testnets **Monthly Metrics:** - 1,206 transactions - $575,540 in transaction value - 218 active wallets Pheasant Points, a user contribution recognition system, completed final testing and is set to launch in April.

**Weekly Bridge Performance Report** Top 3 Rankings: - 🥇 Taiko [@taikoxyz](https://twitter.com/taikoxyz) - 🥇 Base [@base](https://twitter.com/base) - 🥇 Optimism [@Optimism](https://twitter.com/optimism) Notable mentions go to Morph [@MorphLayer](https://twitter.com/MorphLayer) and Linea [@LineaBuild](https://twitter.com/LineaBuild) for their remarkable performance last week. *Historical context: Taiko has maintained strong positioning in recent weeks, while Base and Optimism continue to show consistent performance in the top rankings.*

Pheasant Network introduces a new optimistic bridge solution aiming to unify Ethereum's Layer 1 and Layer 2 ecosystems. The initiative focuses on: - Seamless cross-chain communication between L1 and L2s - Enhanced security through optimistic validation - Simplified user experience for cross-chain transactions The project represents a step toward a more interconnected Ethereum ecosystem, addressing current fragmentation challenges. Technical implementation details and security audits are pending. *Integration timeline and partner networks to be announced in coming weeks.*

Pheasant Network is finalizing preparations for its Cross-chain Swap feature. Key developments include: - Cross-chain Swap testing has entered its final phase - Backend development of Pheasant Point system is underway - My Points page design has been completed - DisputeManager function has been successfully released These updates mark significant progress in Pheasant's mission to enhance cross-chain interoperability. The team continues to focus on security and user experience as they approach the launch.

Pheasant Network has announced a special Christmas 2024 campaign in collaboration with Galxe. - Users who bridge more than 0.01 ETH will be eligible for a Christmas Edition NFT - Campaign period started December 18, 2024 - Available through Galxe's platform The initiative aims to engage the community during the holiday season while promoting cross-chain activity. Visit app.galxe.com to participate in the campaign.