Pyth Network Weekly Recap 🔮

The pull oracle proves its scalability yet again, with four new chains helping builders leverage the best financial data for their DeFi protocol.

Let’s dive into this week’s news:

⛓️ New Blockchains

- @taikoxyz — an Ethereum-equivalent (Type 1) ZK-EVM, maximally compatible with Ethereum. No additional compiling, reaudits, or tooling needed. Everything works out of the box, guaranteed.
- @SeiNetwork V2 — the first parallelized EVM.
- @LayerN_Official — a novel Layer 2 network featuring custom VMs called XVMs, all powered by a shared communication and liquidity layer.

🤝 dApp Integrations

- @LineDefiHub — an all-in-one DeFi hub enabling users to access seamless trading, lending, staking, and more on @Lineabuild.

💱 New Price Feeds

- $SAFE — the governance token of @safe, an open-source and modular account abstraction stack.
- $STONE — @Stake_Stone’s native LST, an omni-chain LST protocol bringing native staking yields and liquidity to Layer 2s.
- $USDM — an ERC20 rebasing token by @MountainUSDM, with a redemption value pegged at 1:1 for primary customers.
- $BODEN — a political meme coin from @boden4pres on @solana.
- $SHDW — token of @GenesysGo, a decentralized data storage network built on @solana.

🏦 New Data Providers

- @SynFuturesDefi — a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime.
- @alphanonce — a technology-driven trading firm, operating various quantitative strategies. Alphanonce has established a strong track record with 6 years of consistent performance.

See you next week 🔮

Get all the alpha with Pyth Data 🔮

Today, the Pyth Network welcomes @alphanonce, a crypto trading and investment firm, as the newest data provider to the network.

Learn more about our partnership below:

ℹ️ About Alphanonce

Founded in 2018, Alphanonce is a technology-driven trading firm, operating various quantitative strategies. Alphanonce has established a strong track record with 6 years of consistent performance. Additionally, Alphanonce provides tailored liquidity solutions to projects, leveraging advanced strategies and market insights to optimize liquidity.

🗣️ Quotes

“We are pleased to partner with Pyth as a Market Data Provider. We believe our effort with Pyth will contribute towards price efficiency in decentralized finance and solidification of blockchain ecosystems as a whole.” — Jihun Mun, CEO of Alphanonce

Soon, all layers will be Powered by Pyth 🔮

@LayerN_Official is an Ethereum StateNet, a novel Layer 2 network featuring custom VMs called XVMs, all powered by a shared communication and liquidity layer.

Starting today, developers on Layer N can enjoy permissionless access to Pyth’s 500+ real-time price feeds.

Learn more about this deployment below:

ℹ️ About Layer N

Layer N is designed to enhance on-chain capabilities by maximizing performance and user experience. It enables seamless communication, liquidity sharing, and composability between applications and XVMs without withdrawal periods or bridging risks.

Developers can create applications on Layer N by building an XVM or utilizing the public N-EVM instance. Benefits include ultra-low execution latencies, higher throughput, negligible transaction fees, and full composability and shared liquidity across all XVMs.

🔮 Pyth Data on Layer N

Deploying the Pyth pull oracle will enable protocols on Layer N to request or "pull" price updates permissionlessly from the Pythnet appchain as needed.

Entropy took @Blast_L2 by storm 💥

32k calls in the past week.

Here are the 4 apps relying on Pyth’s secure source of randomness on-chain:
🧑‍🌾 @GoldFarmersNFT — gamifies the watering and growing of flowers.
⚡@slashtoken_io — provably-fair draws which automatically send rewards to winners.
🎰 @monoswapio — a DEX offering a lottery game.
🦉 @QuailFinance — rotation of credit to group members based on social trust.

A strong body supports a strong mind 💪

The Pythian 21-day Push-Up challenge kicks off tomorrow, with Impact Awards on the line 🔮

Choose your category:
- Max reps under 2 min
- 21-day unbroken streak
- Most improved
- Most creative

Zarp will be judging your form. We’re developing more than just oracle-powered smart contracts in this dojo 🏋️

Pioneering based rollup, @taikoxyz, is now proudly powered by Pyth 🥁🔮

Following the deployment of the Pyth pull oracle, the 500+ Pyth price feeds are now permissionlessly available to all DeFi builders on Taiko 👀

Learn more below:

ℹ️ About Taiko

Taiko is an Ethereum-equivalent (Type 1) ZK-EVM, maximally compatible with Ethereum. No additional compiling, reaudits, or tooling needed. Everything works out of the box, guaranteed.

Taiko demands no additional trust assumptions to Ethereum. As a based rollup with a permissionless (& decentralized) proposer/prover network from Day 1, Taiko inherits Ethereum's level of decentralization.

Taiko is a based rollup: the transaction sequencing on Taiko is done by Ethereum validators. Based sequencing is maximally simple and inherits Ethereum's liveness and credible neutrality.

🔮 Pyth Price Feeds and Entropy on Taiko

With the Pyth Price Feeds available on Taiko, developers can now permissionlessly integrate with the largest first-party oracle network and the 500+ price feeds it offers. In fact, here are a few dApps that are already powered by Pyth:

- @Hana_Finance supercharges liquidity markets by offering users a decentralized protocol to lend, borrow, and earn a yield on Taiko!
- @Jax_Finance is a decentralized, non-custodial lending protocol designed to facilitate the interaction between liquidity suppliers and borrowers.
- @KiloEx_perp is a perpetual dex on BNB Chain, opBNB and Manta Pacific focused on risk management and capital efficiency, offering users lightning-fast trades and an intuitive trading experience.

Pyth will also provide verifiable on-chain randomness via Pyth Entropy for innovative use cases looking for fairness and decentralization.

🗣️ Quotes

"We are thrilled to announce the integration of Pyth's Oracle network with Taiko, ushering in a new era of innovation and accessibility for developers on our platform.”

“By leveraging Pyth's extensive real-time price feeds, benchmarks, and Entropy, we empower our builders with the tools they need to create robust and transparent financial applications. This partnership marks a significant milestone in our dedication to providing a seamless and efficient development environment, making Taiko a leading choice for Ethereum-based projects. Together, we are setting the foundation for a more interconnected and reliable blockchain ecosystem."

See the future of on-chain financial data with SynFutures 👀

Today, the Pyth Network welcomes @SynFuturesDefi, a decentralized perpetual futures protocol that facilitates open and transparent trading on any asset and listing instantly.

Learn more about our partnership below:

ℹ️ About SynFutures

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime.

SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.

🗣️ Quotes

“SynFutures is dedicated to joining the Pyth MDP network to expand the reach and utilization of its market data, while also aligning itself with the growing decentralized finance space. The partnership can benefit both SynFutures and the Pyth network by increasing data accessibility and supporting the broader adoption of blockchain-based financial applications.” — Rachel Lin, CEO at SynFutures.