State of the Pyth Network Q1 2024. In Q1, the Pyth Network saw significant growth, with a 97% increase in demand-side activity, as the protocol published 48 billion pull oracle updates. Total secured value increased 322% to $7.2 billion, supported by the addition of 41 new price feeds, expansion across nine new blockchains, and integration into 35 applications. Additionally, the network saw a significant 92% increase in PYTH staking, leading to a 489% increase in PYTH value staked in USD. The launch of the Pyth DAO further solidifies the protocol's progress in partially decentralizing its operations. Pyth is expected to have a strong second quarter as it completes the anticipated transition on Solana to a pull model by the end of the quarter.
Dive into the evidence market. Proof markets can create a competitive environment for ZKP generation, benefiting ZKP consumers through lower costs . These markets also present economic opportunities for ZKP manufacturers, such as specialized ZK hardware manufacturers, which will act as supply-side participants.
Unqualified opinion podcast. In the latest episode of the Unqualified Opinion Podcast, Patryk Krasnicki explores how analyzing industry fundraising data can provide insight into what founders and investors believe most important to thrive in the volatile cryptocurrency industry. Plus, listeners get exclusive discounts on attending NYC's largest crypto conference of the year, Mainnet 2024. Listen now on Youtube , Spotify or Apple Podcasts .
[Maker DAO] Smart Write Engine - Vow.hump (Limit on Excess Buffer) Reconfiguration Update 7 . This proposal aims to increase the Smart Burn Engine (SBE) Excess Buffer Upper Limit from 50 million DAI to 55 million DAI , as outlined in MIP102c2-SP34. This adjustment increases the minimum threshold for SBE transactions, while enhancing system resilience and avoiding risks from new risk types such as the Spark DAI MetaMorpho vault.
[Aptos] Upgrade v1.12. On May 28, 2024, the Aptos mainnet will upgrade to v1.12 and node operators must upgrade their full nodes before 0:00 UTC to avoid downtime . This upgrade includes several AIPs such as AIP-61 (Keyless Account), AIP-63 (Movement from Coins to Fungible Assets), AIP-71 (Aptos Framework Refactoring Event with module events), AIP-79 (Instant On-Chain Randomness), and AIP-82 (Transaction Context Extension). The update enables parallel validation of transactions in Mempool for higher throughput and reduced latency. Additionally, the VM will now reject bytecode from the V2 compiler on the mainnet, and the fix will improve error transmission and reporting in MoveVM.
