Pyth

Chainlink has reached a significant milestone with over 500 secured Price Feeds, enhancing the user experience for Synthetix and its integrators. This expansion sets a new standard for DeFi infrastructure, providing builders with high-quality data. Key points: - 500+ secured Price Feeds now available - Improved user experience for Synthetix (SNX) ecosystem - Raises the bar for DeFi infrastructure - Offers builders access to reliable market data This development builds on Chainlink's previous integration of the SNX/USD Price Feed on Base, enabling the creation of secure DeFi markets around Synthetix's token.

**Bucket Protocol**, a prominent DeFi platform, has announced its integration with **Pyth Network**, a leading oracle solution. This collaboration marks a significant step in enhancing the reliability and accuracy of data feeds within the DeFi ecosystem. Key points: - Bucket Protocol joins the growing list of elite DeFi projects utilizing Pyth's oracle services - Integration aims to improve data accuracy and reliability for Bucket Protocol users - Pyth Network continues to expand its presence in the DeFi space This partnership underscores the increasing importance of robust oracle solutions in decentralized finance. As more projects adopt Pyth's technology, it solidifies its position as a go-to oracle provider for high-quality, real-time data in the blockchain industry. **Stay tuned** for more updates on how this integration will impact Bucket Protocol's offerings and the broader DeFi landscape.

The Oracle Integrity Staking (OIS) launch has been completed by Pyth Network. To engage with the community and address questions: - A Community Spaces Q&A session is scheduled - Users are encouraged to submit their questions - Best questions will be rewarded with IAs in Pyth Discord Key points: - OIS aims to protect DeFi - Staking rewards are available - More information: https://staking.pyth.network/ **Action items:** 1. Submit your questions 2. Set a reminder for the Q&A session 3. Explore staking opportunities on Pyth Network

Pyth Network has upgraded its KPI dashboard, offering users interactive access to on-demand statistics. The new feature reveals impressive metrics, including over $700B in trading volume powered by Pyth across 74 different blockchain networks. This enhancement allows users to explore detailed performance data, providing deeper insights into Pyth's growing impact in the crypto ecosystem. The upgrade demonstrates Pyth's commitment to transparency and its expanding influence in the decentralized finance space. Users are encouraged to visit the dashboard to discover the full scope of Pyth's momentum stats and track its progress in real-time.

Pyth Network has launched Express Relay, a new product designed to address inefficiencies in DeFi protocols. Express Relay connects DeFi protocols directly to established searchers, allowing them to compete for priority in performing lucrative operations such as liquidations. This system aims to eliminate the extractive role of miners and validators in the MEV (Miner Extractable Value) process, potentially lowering costs for protocols and improving market efficiency. The Pyth DAO has approved the mainnet deployment of Express Relay, which is now live on EVM mainnets. Several prominent DeFi protocols with a combined TVL of $1 billion across 11 chains have already integrated with Express Relay. The product is supported by a network of leading institutional and decentralized on-chain participants. Integration with Express Relay is permissionless for both DeFi protocols and searchers.

Taiko, an Ethereum-equivalent ZK-EVM rollup, has integrated the Pyth oracle network, providing permissionless access to over 500 Pyth price feeds and verifiable on-chain randomness via Pyth Entropy. This integration empowers DeFi builders on Taiko to create robust and transparent financial applications leveraging Pyth's real-time price data and benchmarks. Several projects, including Hana Finance, Jax Finance, and KiloEx, have already integrated Pyth on Taiko. The partnership aims to foster innovation and accessibility for developers within the Taiko ecosystem.

The Pyth pull oracle has facilitated 90% or more of the total traded volume on 23 different blockchain networks. Pull oracles allow users to request frequent price updates on-demand, enabling Pyth's rapid scaling across multiple chains. This permissionless system for retrieving real-time pricing data has made Pyth a dominant force in the decentralized finance ecosystem.

According to reports, the cumulative trading volume on a decentralized finance (DeFi) platform has experienced a remarkable surge, reaching over $400 billion in April 2024. This substantial growth is attributed to the platform's high-throughput capabilities, facilitated by the Pyth oracle network.

Pyth's Total Value Secured (TVS), a metric representing the aggregate value of assets secured by the Pyth network, has witnessed a remarkable surge in 2024. Over the span of four months, the TVS has escalated from $1.7 billion to an impressive $4.2 billion, indicating substantial growth and adoption of the Pyth oracle network.

The Pyth network, a major decentralized financial data feed, has achieved a significant milestone by reaching $2 billion in cumulative volume traded. This achievement comes as the network continues to gain traction, with projections indicating that the $10 billion mark could be reached soon. The Pyth network is known for its role as a first-party oracle network, providing reliable and decentralized data to various decentralized applications and protocols.