Pyth Monthly Update I August 2023
Sep 1, 2023

"August creates as she slumbers, replete and satisfied." — Joseph Wood Krutch

This August was the culmination of a Pythian Summer. The Pyth Network took no rest in delivering data and expanding its reach.
It’s time to update our public stats. August returned a bountiful harvest, with six new blockchain integrations. Two of the most anticipated chains include Base and Scroll. Leading dApps such as CAP Finance, Perennial, DePerp, Buffer Finance, and Pike Finance have already integrated with Pyth Price Feeds on Base.
Pyth Network is expanding throughout the cosmos. After Injective, Osmosis, and Neutron, Pyth Price Feeds next launched on Sei on their mainnet launch day. Sei dApps such as Aether Protocol, Fuzio, Kawa Finance, Kryptonite Finance, Levana Protocol, and SeaSwap are setting sail with Pyth data.
We’ve also taken the time to pay homage to the Bitcoin community. Pyth Price Feeds are now available on the Bitcoin L2 network, Stacks. You will soon find Pyth data powering ALEX, Arkadiko Finance, Hermetica Finance, and Zest.
Let’s look at the numbers. Daily average price updates have gone parabolic. We started from 200K in June, 1.4M in July, to 1.9M in August. Every price update is a Pyth Price Feed delivering a price point to a blockchain. Every price delivery is paid for by a user or ecosystem participant downstream—a testament to the true demand for Pyth data. (Note: these stats exclude Solana).
Close readers will know that the Pyth Network protocol is designed to accept data fees to update on-chain prices. Governance will determine important parameters of these fees. Stay tuned.

🤝 Partnerships
New dApps Using Pyth
Thales, an on-chain, permissionless, and non-custodial positional markets protocol focusing on simplicity—now #PoweredByPyth on Optimism, Arbitrum, Polygon, BNB and Base
WEMIX.Fi, a fully on-chain DeFi platform supporting storage, exchange, borrowing, settlement, and investment of crypto-assets
Nile, and NFTFi, a decentralized protocol that allows users to transform your NFTs into financial products
ALEX, a Bitcoin DeFi protocol enabling anyone to launch, bridge, trade, and earn interest
Arkadiko Finance, a decentralized, non-custodial liquidity protocol for minting stablecoins, earning interest on deposits, and borrowing assets on Stacks
Hermetica Finance, a protocol for non-custodial structured financial products for Bitcoin. Hermetica vault uses automated options strategies to generate a risk-adjusted yield on Bitcoin
Zest, the first Bitcoin native lending protocol that uses smart contracts that create and adjust liquidity pools to fund loans, distribute rewards to BTC liquidity providers, and process withdrawals
Mooncake Finance, a decentralized lending market that allows users to lend and borrow assets on Linea and Base
Reax Finance is the first trustless synthetic asset issuance and trading protocol live on Mantle
LogX, a perpetual aggregator protocol with aggregated liquidity on Arbitrum, and soon, Mantle
ImmortalX, the first decentralized perpetual exchange on Celo
Tashi, a borrow-lending platform on EVMOS
El Dorado Exchange is a perpetual DEX on Base and Arbitrum
CoChilli is a prediction marketplace built on Base which can resolve markets every second
DeFi Partner Updates
Kwenta, a decentralized trading platform built on top of Synthetix, is now #PoweredByPyth and Gelato Web3 Functions
Synthetix, the leading decentralized synthetic protocol on Optimism, facilitated over $22B in volume since becoming #PoweredByPyth
Levana, a fully collateralized perpetual protocol on Osmosis has processed over $40M in trading volume since integrating with Pyth
ABEx Finance, a perpetual protocol on Sui, already enabled over $10M in trading volume
Solend, the long-time leader in borrow/lending on Solana, launched Margin to enable users to trade with leverage
Buffer Finance, a decentralized perpetual platform, is launching its version 2.5 which will feature 1-click trading
FusionX, a cutting-edge decentralized exchange, is now a top 3 dApp on Mantle
Sable Finance is now live on mainnet. Sable is pioneering the first-ever decentralized stablecoin,$USDS, which accepts $ETH LSD as collateral both on BNB Chain and Arbitrum
SeaSwap launches SINK or FLOAT, a price-guessing game on the Sui Network
Jet Protocol launches Fixed Rate—a first-of-its-kind marketplace for negotiating rates on an order book thanks to Pyth data
CAP Finance, a decentralized perpetual protocol, has expanded to Base
Merkle Trade, a decentralized leverage trading platform is now live on Aptos
D8X, a decentralized derivatives platform is now live on Polygon zkEVM testnet
DePerp, a perpetual DEX, is available on Base testnet
Data Provider Updates
mrgn research, an integrative proprietary trading firm, is joining the Pyth Network’s data provider community
Radix, a renowned research firm in the trading industry, has also joined as a data provider
Quiver, a hybrid cryptocurrency exchange with an innovative approach based on batch auctions, is now contributing data to Pyth Network
⚙️ Development
New Contributors Joining the Pyth Network
Welcome Douro Labs as the newest core contributor to the Pyth Network
New Blockchains Integrated with Pyth
New Price Feeds
ENS/USD, GRT/USD, STX/USD, TURBOS/USD, GLMR/USD, WEMIX/USD, MTR/USD, KSM/USD, RUNE/USD, MKR/USD, ARKM/USD, SUSHI/USD, SEI/USD, WLD/USD, IDEX/USD, MNDE/USD, MNT/USD, VELA/USD, and EOS/USD
Other Updates
💃 Events
Pyth in Person
Online Events
Podcast with Unchained: Mike Cahill presents Douro Labs
Webinar with Digital Asset Research: Real-world Utility and Assets.
Space with Arbitrum: High-Throughput DeFi
Space with Liquity: All Things Oracles
Space with LogX: Trading on Mantle
Space with Lendle: Lending on Mantle
Space with Lendle #2: DeFi on Mantle
Space with Quiver: Unlocking DeFi with Financial Data
Space with WispSwap: DeFi on Sui
🫂 Community and Socials
Pyth Benchmarks—Explained by Thales!
Pyth Price Feeds Blog: DeFi Tokens Edition
Pyth Price Feeds Blog: Stablecoins Edition
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.