Pyth

Aptos blockchain shows significant growth with nearly 2B lifetime transactions and 34M active addresses. The L1 chain's DeFi ecosystem is predominantly powered by Pyth Network, which: - Provides 500+ price feeds to Aptos DeFi builders - Enables $913M in monthly trading volume - Secures $1.4B (⅔ of Aptos' TVL) - Supports 12 major DeFi protocols Aptos achieves this scale through: - Pipelined transaction processing - Modular architecture - Enhanced security features - Flexible key management *Integration available through Pyth documentation.*

A new VanEck analysis highlights Pyth Network's emergence as the leading oracle provider by total transaction volume. Key findings: - Only oracle delivering sub-second updates with direct data sourcing - Strong decentralization with no single chain exceeding 61% of activity - Less than 24% exposure to any individual application - Network metrics: 410+ integrations and $6.4B in secured value - Native integration across major blockchain platforms Pyth's institutional-grade price accuracy and distributed architecture mark a significant evolution in blockchain oracle services.

Pyth Network introduces Redemption Rate Feeds (RRF), a significant upgrade for DeFi valuations. **Key Features:** - Real-time redemption values for LSTs, LRTs, and yield-bearing stablecoins - Direct smart contract data integration for true token value - 19 EVM feeds including CDCETH, wUSDM, USDY, STONE, and sUSDe - Permission-less access for all builders **Integration Partners:** - Ionic Money - ZeroLend - UniDex Finance - Polynomial Finance This launch enables DeFi platforms to move from estimated to exact valuations for complex assets, enhancing pricing accuracy across the ecosystem.

Supercharged Sundays returns, focusing on new metrics in the oracle space: - **Total Value Secured (TVS)**: Traditional metric in DeFi 1.0 - Measures value secured by oracles - Represents potential risk if issues occur - **Total Transaction Volume (TTV)**: Emerging metric for DeFi 2.0 - Tracks frequency of oracle price updates - Better reflects high-frequency trading and speed requirements - Correlates with oracle revenue potential - Pyth Network leads in TTV with over $800 billion cumulative trading volume *Learn more about how these metrics are reshaping the DeFi landscape and why TTV may be more relevant for modern oracle systems.*

The Pyth Network has introduced a new BNSOL/USD price feed, now accessible on over 75 blockchains. This development supports Binance SOL Staking, allowing users to stake SOL tokens and receive $BNSOL, a liquid staking token. $BNSOL represents staked assets and can be utilized across various Binance products and DeFi platforms. Key points: - BNSOL/USD feed available on 75+ blockchains - Supports Binance SOL Staking - $BNSOL usable in Binance products and DeFi - @DriftProtocol and @RainFi_ already using the feed Developers can integrate Pyth Price Feeds into their dApps with just a few lines of code.

Mike O'Cahill, co-founder and CEO of Douro Labs and core contributor to Pyth Network, is set to share insights on DeFi at Mainnet 2024. Key details: - Event: Fireside Chat with Mike O'Cahill - Date: Wednesday, October 2nd - Time: 11:10 AM ET Attendees can expect valuable perspectives on decentralized finance from this industry leader. For more information and the full event agenda, visit: https://events.messari.io/mainnet2024/agenda/session/14538743/ Don't miss this opportunity to gain insights from a key figure in the DeFi space.

**Efficiency is crucial in blockchain oracles.** - Pull oracles update only when users request data - Push oracles update continuously at set intervals **Key differences:** 1. Gas costs: Push oracles drive up costs 2. Resource usage: Push oracles waste resources 3. Data availability: Pull oracles offer wider selection of feeds across chains **Developer concerns:** - Price feed availability is a top issue - Push oracles have limited availability on different chains **Recommendation:** Choose pull oracles for better efficiency and data availability.

Real World Assets (RWAs) are tokenized versions of offline assets like real estate, stocks, and US Treasuries. They bridge traditional finance and blockchain, unlocking new possibilities. Key points: - RWAs projected to reach $30 trillion by 2030 - Create massive liquidity potential - Transform finance as we know it Two main tokenization methods: 1. Non-native tokens: On-chain tokens represent off-chain managed RWAs 2. Native tokens: On-chain tokens act as the RWA itself Learn more: - Crypto.com University: https://crypto.com/university/what-are-real-world-assets - RWA token list: https://crypto.com/price/categories/real-world-assets

The Pyth Network has expanded its offerings with the release of a MOTHER/USD price feed. This development comes in response to high demand from the cryptocurrency community. Key points: - MOTHER is a Solana-based memecoin associated with Iggy Azalea - The price feed is now available across more than 75 blockchains - Notable integrations include Drift Protocol, Save Finance, and FlashTrade This release follows Pyth's earlier introduction of the MYRO/USD price feed in March, demonstrating the network's commitment to meeting market demands for diverse cryptocurrency data.

HMX, the next-generation perpetual DEX on Arbitrum, continues to show impressive growth: - Over $40 billion in traded volume - Supported by Pyth's Oracle Integrity Staking This follows a trend of successful DEX performance, as seen with QuickSwap's Liquidity Hub: - Surpassed $20 million in total trading volume - Offers improved execution prices and zero gas swaps on Polygon - Powered by Orbs Network integration These developments highlight the ongoing adoption and evolution of decentralized trading platforms across various blockchain networks.