Odaily Planet Daily News Messari recently released the Q2 2024 status report of Pyth Network, with the following key points:
-Due to Pyth’s 246 million pull oracle updates on 70 on-chain Blocks, Q2 demand-side activities rose by 17%. In this quarter, Pyth transitioned to the Solana on-chain pull oracle model;
-Since its release at the end of Q1, Pyth Entropy has processed 265,000 requests and generated $19,000 in revenue in Q2. The broader Pyth protocol has added support for 45 new price feeds, expanded to 14 new blockchains, and has been integrated into 51 new applications;
-Pyth’s publisher network rose to 107 data providers in Q2, a 7% increase compared to Q1 (100 providers)
Pyth has launched Express Relay, an off-chain first price auction network designed to eliminate harmful MEV that affects Decentralized Finance protocols and participants.
-Gauntlet chose the Pyth Oracle Machine to ensure its yield vault on Morpho’s Decentralized Finance lending protocol.
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