Pyth

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.

Eddy Finance, a pioneering OmniChain DEX built on Zetablockchain, is facilitating seamless transfer of assets across blockchains, including BTC and EVM networks. By aggregating native assets like ETH, BTC, and stablecoins in omnichain pools, Eddy Finance enables direct interaction with native assets, bypassing risks associated with wrapped assets. The protocol introduces the first cross-chain stable swap on Omnichain Smart Contracts, integrating stablecoins from different networks into a single liquidity pool. Eddy Finance leverages Pyth Price Feeds for instantaneous price updates, enhancing user experience and reliability. The protocol has already reached $18M in trading volume and processes over 100K transactions daily.

The Pythians, the largest first-party oracle network, has announced that they will be present at the upcoming Digital Asset Summit 2024. This event is a significant gathering for the digital asset and blockchain industry, providing a platform for discussions, networking, and showcasing the latest developments.

Reports indicate a substantial surge in trading volume, with a twofold increase compared to the previous month and a remarkable fivefold increase from the previous quarter. The total trading volume reached $59 billion, marking a significant milestone in the financial markets.