Pyth

Synthetix will facilitate the distribution of Pyth Network's governance token ($PYTH) to eligible members of the Synthetix community over the next four weeks. This initiative aims to encourage Synthetix community participation in Pyth Network governance and strengthen the relationship between the two projects. Eligibility criteria include engaging in Synthetix governance channels, authoring or voting on proposals, participating in elections, or serving on a Synthetix DAO body within the past year. Interested individuals must submit their Solana addresses on the Synthetix Discord to maintain eligibility.

PixelSwapFi has successfully integrated with Pyth Network, a real-time market data provider across over 40 blockchains. By incorporating Pyth's price feeds into Pixel Soul Pass, PixelSwap aims to enhance pricing accuracy and unlock new capabilities. Pyth Network boasts over $1 billion in secured value, facilitating over $100 billion in trading volume. It is the largest first-party oracle network, with 100+ data providers, 450+ price feeds, and integration with over 300 decentralized applications across 50+ chains.

Over 300 decentralized applications (dApps) across multiple blockchain networks are now utilizing the Pyth network for oracle services. Pyth has become a dominant provider of trusted value streams (TVS) on several leading chains, powering more than 90% of TVS on 10 chains and over 50% on another 7 chains. The growth of the Pyth network highlights its increasing adoption as a reliable oracle solution for the rapidly evolving decentralized finance (DeFi) ecosystem.

Dyson Finance, a decentralized finance protocol, has launched on the Blast L2 scaling solution. Pyth Price Feeds, a major oracle network, has been integrated to support Dyson Finance's operations on Blast L2. Pyth Price Feeds are designed to provide reliable and secure price data to protocols across different blockchain networks.

Metavault, a DeFi hub aggregating various products across multiple blockchain networks, is set to launch Perps V2 on Linea and Polygon PoS. Perps V2 will offer users features similar to centralized exchanges, including various order types, dynamic funding, and more. Metavault leverages Pyth Price Feeds as its primary oracle solution to secure the foundation for Perps V2 across multiple networks, including Polygon PoS, Linea, Kava, and Polygon zkEVM.

Native, a prominent first-party oracle network, has announced the launch of Aqua, a new product aimed at revolutionizing the decentralized exchange (DEX) ecosystem. Aqua will provide on-chain credit-based trading capabilities to market makers and solvers for the first time. This innovative solution promises three main benefits: sustainable high yields for liquidity providers, better pricing for retail traders, and a significant leap in efficiency and profitability for market makers.

Pyth has launched Entropy, an innovative approach for delivering secure random numbers on the blockchain. Entropy enables smart contract developers to access a reliable source of randomness, critical for Web3 applications requiring unpredictable outcomes like gaming, NFTs, lotteries, and betting markets. Entropy has gone live on multiple EVM chains, including Arbitrum, Blast, Chiliz, Mode, LightLink, and Optimism. Several projects have already integrated Entropy to power their solutions.

The Pyth community is hosting a fireside chat with the teams behind Lulo Finance and FlexLend, two projects building peer-to-peer borrowing and lending solutions on the Solana blockchain. The discussion will focus on their work in creating a lending aggregator, the first of its kind on Solana. The event is scheduled for Thursday, March 21st at 3 PM UTC in the Pyth Discord server.

CoChilli_io, a data provider, has launched on the Manta Network, which is described as the largest first-party oracle network. This development suggests an expansion of the Pyth Data ecosystem.

A group known as the 'purple squad' is reportedly exploring new frontiers in the realm of decentralized finance (DeFi). Details are scarce, but the initiative appears to involve the creation of a large-scale oracle network, which could potentially enhance the reliability and security of DeFi applications.