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.