Pheasant Network

**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?*

Pheasant Network has launched its first Quest Campaign, running from August 4-18th at 10am UTC. Key features: - Bridge ETH across networks to earn Pheasant Points - Complete quests on the new Points Quest Platform - Early participants get extra points as pioneers The platform enables users to move assets between networks while earning rewards through quest completion. Visit [Pheasant Network](https://pheasant.network/quests/4) to start your journey and participate in the Feather Quest campaign. *Note: Limited-time opportunity for early adopters to maximize points earnings.*

Pheasant Network has released its latest weekly network status report covering June 28-July 4, 2025. Key points: - On-chain data available via Dune Analytics dashboards - Two main dashboards track: 1. [Transaction metrics](https://dune.com/pheasantnetwork_txs/overview) 2. [Volume analytics](https://dune.com/pheasantnetwork_volume/overview) *Important note: Some networks are not currently supported by Dune Analytics platform* Check the dashboards to analyze the latest bridge metrics and performance data.

Pheasant Network has announced an adjustment to their CCTP USDC bridging rates as part of their next phase development. This update follows their dual-protocol USDC bridging system launched in October: - **Pheasant Protocol**: Handles transactions under 500 USDC, optimized for speed - **CCTP Protocol**: Processes transactions over 500 USDC, with slightly longer processing times The rate adjustment aims to optimize the bridging experience and maintain system efficiency. Users can continue accumulating Pheasant Points while using these services. [View full release notes](https://docs.pheasant.network/ecosystem/release-notes#v4.5.0)

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)

**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.*