Pyth

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.

Ununx, a prominent entity in the blockchain space, has unveiled an airdrop campaign targeted at PYTH Governance Token stakers and members of the Pyth Discord community. The announcement was made on March 14, 2024, inviting interested parties to refer to Ununx's official channels for further details regarding this initiative.

Pyth has introduced Pyth Entropy to address the high demand for random number generation functionality.

East Blue is a universal application layer for Bitcoin, building innovative solutions to scale the Bitcoin ecosystem. It brings multi-VM support, cheaper transactions, and aims to unlock the $1 trillion Bitcoin economy. As a NEAR native cross-chain application, East Blue allows users to send cross-transactions and pay with NEAR, USDT, or BTC. The Pyth oracle secures the swap rates for token conversions within its relayer, ensuring reliable and accurate transactions.