Pyth

Solana has announced the emergence of new builders from the Renaissance Hackathon, powered by the Pyth decentralized oracle network. Additionally, C3, a project powered by Pyth, has gone live on the Solana blockchain. To commemorate this milestone, Solana will host a special Builders Fireside Chat with the C3 team on April 9th. Pyth, described as the largest first-party oracle network, plays a crucial role in powering these developments within the Solana ecosystem.

Parallel Network, the first omni-chain restaking L2, has integrated Pyth Network's price feeds to secure its decentralized finance (DeFi) products. The Pyth Network, known as the largest and most trusted oracle network, will provide over 450 price feeds to Parallel Network's Super App, which offers lending, staking, trading, and other DeFi services across multiple networks. This integration aims to enhance the security and accuracy of market data for Parallel Network's products, enabling the growth of DeFi on its platform. Yubo Ruan, Founder and CEO of Parallel Network, expressed excitement about working with Pyth Network to secure their price feeds.

The Pyth Network has announced a partnership with Time Research, a crypto trading firm focused on quantitative trading strategies and tools. Time Research has joined as a new data provider to the Pyth Network, contributing to the growing list of over 100 world-class data providers publishing information on the network. The Pyth Network continues to expand its coverage across more symbols, asset classes, and blockchains.

Conduit, a prominent blockchain company, has announced its latest development - the ability to build rollups with just a few clicks. This innovative approach aims to streamline the process of creating rollups, which are scaling solutions for blockchain networks. Conduit will be hosting a discussion on April 3rd at 3 PM UTC, where they will provide updates on their progress and insights into the world of rollups. The event will also feature a guest speaker from @conduitxyz, further enriching the discourse.

PythNetwork, a prominent first-party oracle network, has announced the addition of a referral points system to their existing points program. This new feature allows members of the PythNetwork community, known as Cloners, to earn points by inviting their friends to join the network. The referral points initiative aims to incentivize the growth of the PythNetwork community.

Mage Finance has launched a decentralized Bitcoin money market on MerlinChain's zk-rollup technology, allowing users to lend, borrow, and earn with Bitcoin assets within the DeFi ecosystem. The Mage Chain, recognized as the first Bitcoin L3 appchain, aims to improve interoperability and security in the CeFi sector through advanced technologies like zk-DID. Mage Finance leverages Pyth Price Feeds for real-time and high-quality financial data, ensuring precision and reliability on its platform.

The Pyth contributors have been working on a new project inspired by the community's fondness for Zarpythia's Dojo, according to an announcement made on April 1st, 2024. Pyth is the largest first-party oracle network.

On March 29th, 2024, the Pyth oracle network facilitated an unprecedented $1 billion in trading volume within a short period of time. This follows an earlier report from March 25th, where the Synthetix protocol experienced a tenfold increase in trading volume, from $5 billion to $50 billion, after integrating with the Pyth network. The Pyth network is known as the largest first-party oracle network in the cryptocurrency ecosystem.

The Pythian and Price Feed Councils, responsible for managing the largest first-party oracle network, have been actively engaged in their work, according to recent reports.

Doubler is an open DeFi gain strategy protocol platform that has integrated Pyth Price Feeds to ensure accuracy in its innovative pooling mechanism for cryptocurrency asset investment strategies. When users initiate a Doubler pool, the smart contract taps into Pyth to obtain real-time asset prices. Doubler aims to optimize investment strategies by aggregating market liquidity using the martingale strategy, catering to both risk-averse and profit-seeking participants. It offers automated contract execution, external risk isolation, no extra costs, and community collaboration.