Pyth

Ethena Labs has released public documentation for their synthetic dollar protocol built on Ethereum, which aims to be censorship-resistant, scalable, and crypto-native.

Vela Exchange, a fast-growing perpetual DEX on Arbitrum and Base, has achieved significant milestones since integrating with Pyth. With over $6.5B in traded volume, 100K users, and 40 markets, Vela Exchange relies on Pyth Network's price feed aggregation to provide low-latency and accurate price updates. This integration has resulted in low fees, real-time data, faster trading and execution, fast expansion to new chains, a diverse range of assets, robust infrastructure, and strong early adoption. Pyth data is designed for smart contract developers looking to build high-throughput, scalable DeFi services.

The Claim Process for the Pyth Network Retrospective Airdrop will open on Monday, Nov 20 at 2 PM UTC. The Claim Process will be available for 90 days. BTSE, WOO X, MEXC, KuCoin, gate.io, Backpack Exchange, and HTX have announced that PYTH Tokens will be made available through a direct listing or drop program. The coverage of the airdrop has been increased for DeFi participants, with more users now eligible and existing ones potentially receiving increased allocations. The final allocation for the airdrop is approximately 255M Tokens. Eligibility criteria and snapshot dates remain unchanged.

Pyth now powers 40 blockchains and secures over 90% of total value on a third of them and over 50% on half of them.

Paradex, a crypto-derivatives exchange, and DexToro, a decentralized leverage trading protocol, are both #PoweredByPyth. Paradex boasts notable milestones with $2M value locked and $500M trading volume in October. It offers non-custodial infrastructure and trade settlement on its own Starknet appchain. DexToro, built on Synthetix liquidity layer, allows exposure to close to 70 assets and offers advanced order types. Both platforms benefit from Pyth Price Feeds, with over 350 feeds available.

Pyth is on a mission to bring all the world’s financial data on-chain. However, this ambitious goal will take time to accomplish.

@Lifinity_io and the Solana ecosystem are experiencing significant growth and activity.

Parifi, a decentralized perpetual protocol on Arbitrum, is revolutionizing perpetual trading with an adaptive pricing framework that fine-tunes contract prices and trading fees based on real-time market dynamics. The platform offers diversified asset exposure, low fees, limit orders, and dynamically adjusted borrowing fees. Powered by the Safe Account Abstraction Kit, Parifi eliminates wallet requirements and transaction approvals, providing a user-friendly experience. Additionally, Pyth Price Feeds ensure accurate asset pricing and timely liquidations for under-collateralized positions, enabling Parifi to rapidly expand its market offerings.

Scroll with LayerBank has made $wsETH available for users to quench their liquidity and staking desires. This move is powered by Pyth.

Over the past year, 3 projects have integrated with Pyth Network every week, resulting in a total of 153 new integrations. This reflects the dedication and effort of the builders, regardless of market conditions.