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Messari: Pyth Network's Demand-Side Activity Up 17% in Q2

Messari: Pyth Network's Demand-Side Activity Up 17% in Q2

Bitget2024/07/28 03:44

Messari released its Pyth Network Q2 status report. Report shows: demand-side activity grew 17% in Q2, Pyth released 246 million pull prophet updates on 70 blockchains.Pyth shifted to pull prophet model on Solana in Q2.Pyth Entropy has processed 265,000 requests since launching at the end of the first quarter, bringing in $19,000 in revenue in the second quarter. The Pyth protocol added support for 45 price feeds, expanded to 14 new blockchains, and was integrated by 51 new applications. Data provider network grew 7% to 107 in Q2 Launched Express Relay, an off-chain prioritized auction network to eliminate harmful MEVs affecting the DeFi protocol and participants.Pyth Prophecy Machine was selected by Gauntlet to provide security for its revenue vault on Morpho's DeFi lending protocol.

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