Pyth Q2 report: Demand-side activity increased by 17%, and 246 million oracle pull updates were issued across 70 blockchains

According to ChainCatcher, Messari released the Pyth Network second quarter status report. The report shows:

• Q2 demand-side activity grew 17%, with Pyth issuing 246 million pull oracle updates across 70 blockchains.

• Pyth is moving to a pull oracle model on Solana in Q2.

• Pyth Entropy has processed 265,000 requests since its launch at the end of Q1 and brought in $19,000 in revenue in Q2.

• The Pyth protocol added support for 45 new price feeds, expanded to 14 new blockchains, and was integrated by 51 new applications.

• Data provider networks grew 7% to 107 in Q2.

• Introducing Express Relay, an off-chain priority auction network to eliminate harmful MEV that impacts DeFi protocols and participants.

• Pyth Oracle was selected by Gauntlet to provide security for its yield vault on Morpho’s DeFi lending protocol.