Pyth

FWX Finance, an AMM-based leveraged swap platform, has integrated Pyth Price Feeds to enhance its trading platform with precise, real-time price data. FWX enables users to list tokens from inception by providing liquidity. By leveraging Pyth's comprehensive oracle network, FWX equips traders with unmatched data accuracy crucial for informed decision-making in dynamic markets. The integration minimizes risks like impermanent loss through FWX's unique hedging algorithm and allows users to take long and short positions directly at market prices.

Pyth Network has announced the deployment of its decentralized price feeds on the Morph L2 testnet, a permissionless Ethereum Virtual Machine (EVM) rollup designed for Web3 applications. This integration will enable DeFi protocols on Morph to access high-frequency market data and updated prices from the Pyth oracle network in a cost-effective and secure manner. Morph, a fully decentralized Layer 2 solution, aims to provide limitless possibilities for finance, gaming, and other Web3 use cases while aligning with core principles like decentralization and censorship resistance.

The Pyth Network, a major decentralized oracle platform, has announced that its Pull Oracle is now facilitating over 3 million price updates per day across various assets and markets. This milestone highlights the growing adoption and scalability of Pyth's oracle solution, which aims to provide secure and reliable data feeds for decentralized applications and protocols.

Monad.xyz, a prominent platform, has announced the upcoming integration of gaming capabilities powered by Pyth, the largest first-party oracle network. This development is expected to enhance the gaming experience for users on the platform.

Yuzu is a decentralized market protocol for liquidity operating on Horizen Global. It provides lending and borrowing services to users, powered by Pyth price feeds. Yuzu allows users to supply assets to lending pools or obtain crypto-backed loans, utilizing the Ethereum Virtual Machine capabilities of EON blockchain. This integration aims to enable efficient asset utilization and enhance the reliability of the DeFi ecosystem on EON.

The Pyth Network, a leading first-party oracle network, has announced that its LTIPP (Long-Term Incentive Program Proposal) has been approved by the Arbitrum DAO. Once implemented, applications utilizing Pyth's oracle services will receive gas rebates when updating on-chain price data on the Arbitrum network. The Pyth team expressed gratitude to all parties involved and looks forward to contributing to Arbitrum's growth.

On April 19, 2024, LightLink, a prominent blockchain company, announced an airdrop-style campaign involving the PYTH Governance Token stakers. The company advised users to refer to their official announcement and social channels for more information regarding this campaign. As with any cryptocurrency-related activity, LightLink cautioned users to exercise caution and take appropriate measures to protect themselves.

On April 18th, 2024, Pythmet, the largest first-party oracle network, announced its plans for governance. Details on the specific governance model were not provided in the brief statement.

According to recent data, the Pyth network has emerged as a leading oracle solution for securing decentralized finance (DeFi) protocols across multiple blockchain networks. The Total Value Secured (TVS) metric, which represents the total value locked in DeFi protocols secured by a particular oracle, shows that Pyth commands over 90% of the TVS on 10 different chains and over 50% on another 7 chains. This highlights Pyth's significant role in providing reliable and secure oracle services to the rapidly growing DeFi ecosystem.

Dourolabs CEO Michael Domcahill discussed the vision for Pyth, a decentralized financial data network, during an interview. He compared Pyth to Spotify, suggesting that it aims to become a platform where the world's data can flow seamlessly. Pyth is described as the largest first-party oracle network, potentially revolutionizing the way financial data is accessed and shared.