Pyth

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.

Pyth, the largest first-party oracle network, has announced an upcoming drop of three motion art pieces created by @iiinaive, an OG Pythian and Egg Dealer at @WoollyEggs. These pieces will soon be available in the @drip_haus vaults. Pyth has provided a link to join their Discord server and the Pyth Drip channel for more information.

Gamblino is a decentralized GambleFi platform on Sei Network V2 EVM, offering a variety of betting options including crypto, sportsbooks, and classic games. It features player-vs-player (PvP) games with a Tote betting model, traditional house-style (PvH) sportsbooks and casino games, as well as innovative games like Market Minds and Flip Master. All games are designed to ensure fairness and transparency through secure smart contracts and blockchain verification. Gamblino utilizes Pyth Entropy to guarantee tamper-proof randomness for games like Dice and Flip Master, ensuring every game outcome is fair and transparent.

Cboe Global Markets, a 51-year-old exchange operator with $3.7 billion in revenue, is also a data provider to Pyth, a decentralized financial data network.

CyberDEX, a decentralized perpetual swaps platform on Optimism, has integrated Pyth Price Feeds to enhance its execution capabilities and offer traders rapid and precise price information, improving order execution quality and trader satisfaction. DeltaTrade, a multi-chain protocol offering decentralized trading and sophisticated on-chain trading strategies, has also integrated Pyth Price Feeds to ensure trading bot creation is done against real-time prices, manage slippage, and enable features like unactivated trading vaults and automated take-profit and stop-loss setups.

According to reports, a major development has occurred within the Community project, which is described as the largest first-party Oracle network. While specific details are not provided, this update suggests significant progress or changes related to this decentralized oracle platform.

DeltaTrade, a multi-chain protocol, has integrated with Pyth to offer decentralized trading strategies and advanced on-chain features like Grid Trading and Dollar Cost Averaging (DCA) across multiple blockchains. Designed for the Near ecosystem, DeltaTrade utilizes Pyth's real-time price feeds to ensure accurate trading bot creation and manage slippage. The integration enables features like unactivated trading vaults, automated take-profit, and stop-loss setups.

On April 27, 2024, Micro3, a leading technology company, announced a campaign involving the Pyth community. The Pyth Ecosystem campaign aims to engage and collaborate with the Pyth community, which is a decentralized financial market data distribution network. Further details about the campaign can be found on Micro3's official announcement and social media channels.