back26 Feb 20242 min read
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Governance is Upon Us | Pyth Newsletter #48

Welcome to the Pythiad, the front page of DeFi and the official newsletter of the Pyth Network. Did you miss us? Biweekly updates on all things Web3 await you.


What’s New with Pyth

  • Pyth Network kicks off the second phase of its Retrospective Airdrop. The first phase targeted users of #PoweredByPyth dApps. This second phase distributes PYTH Tokens to over 160 dApps using Pyth.
  • On February 13, the Pyth DAO voted to approve the DAO Constitution, which lays out the DAO’s decision-making and governing framework.
  • To date, there are over 1B PYTH Tokens staked and over 160K stakers. Learn more from Dune.
  • Pyth has secured over $30B in trading volume in January, a 3x rise from the past quarter, led by Optimism, Arbitrum, Solana, Aptos, and Sui.
  • Pyth experienced a 30% increase in total value secured (TVS), surpassing $2.5B, led by burgeoning activity on Solana, Sui, Optimism, and Manta.

What's New with DeFi

Technology and Development

Ecosystems

Stablecoins

Exchanges

Community Shoutout

This week, we’ve received some amazing artwork by Pythians pshaliwe, drops2021, Gereish, and nicoIAS. Keep up the good work, everyone!


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