Pyth

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.

According to recent reports, the Pyth network accounts for 99% or more of the traded volume secured on 23 different blockchains. This highlights the growing importance of Pyth as a high-throughput decentralized finance (DeFi) solution. In March alone, Pyth facilitated $87.1 billion in trading volume, with 64% of that coming from chains other than Solana. The Pyth network currently powers over 55 blockchains and continues to expand its reach.

The Pythians, a prominent group in the blockchain industry, recently attended the Paris Blockchain Week conference. This event, held in the French capital, was deemed a success by the organization. The Pythians had previously announced their plans to participate in the conference, building anticipation among their community members.

Jayant Krishnamurthy, Chief Technology Officer of Douro Labs, discussed the Pyth Network's contribution to the significant growth of perpetual futures, which emerged as one of the major decentralized finance (DeFi) trends in the previous year. The Pyth Network, recognized as the largest first-party oracle network, played a pivotal role in facilitating the expansion of the perpetuals space.