According to Wu, Messari released the Pyth Network Status Report for the first quarter of 2024. The report shows that demand-side activity increased by 97%, and Pyth issued 48 billion pulloracle updates. The total value acquired by Pyth increased by 322% month-on-month to US$7.2 billion, including Ethena. At the same time, Pyth joined 7 new data providers, increasing its publisher network to 100 data providers in the first quarter. PYTH's staking volume increased by 92% month-on-month. This increase, coupled with the 206% increase in PYTH prices, increased the value of PYTH in US dollars by 489%, from US$215 million to US$1.3 billion. In addition, Pyth DAO launched operations in the first quarter, approved the DAO charter, established the Pythian and Price Feedback Committees, and began executing Pyth Operational Improvement Proposals (PIPs).