back05 Jan 20243 min read
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Pyth Monthly Update | December 2023

Pyth Momentum I December 2023

After a landmark month for the Pyth Network in November, December 2023 showed no sign of slowing down.

The Pyth ecosystem surged in growth across all aspects: nearly twenty new dApp integrations, a dozen price feeds launched, four new blockchains integrated, three new data providers onboarded, and a 10M cross-chain price updates delivered—all in one month.

We’re pleased to welcome so many household names, including Movement Labs, Trader Joe, Folkvang, Mummy Finance, and Cetus to the Pythian family this holiday month. Many #PoweredByPyth partners celebrated new milestones in trading volume and feature launches, all made possible thanks to Pyth Data.

Santa and the Pythia brought presents with them too. First is the establishment of the Pyth Governance protocol layer, which now puts the future of the Pyth Network and ecosystem in the hands of the community. The Pyth contributors also recognize the importance of creating a transparent, intuitive, and inclusive social layer. Stay tuned on these matters through the official social channels.

The second tidings came from Data-Driven 2023, the inaugural Pyth Network ecosystem and developers conference. Two full days of keynotes and industry panels by blockchain foundations, exchange operators, DeFi founders, and thought leaders abound. Mike Cahill and Jayant Krishnamurthy kicked off the conference with their keynotes on the Pyth Network’s progress since April 2021, the Pyth product line and its newest developments, and what it means to build a truly sustainable oracle network. All presentations were recorded and will be released throughout January.

To all the newcomers to the Pyth Network wondering where all of this is headed: welcome aboard, and buckle up. This community of builders and experts has been around longer than you might expect. To our long-time supporters, advocates, ambassadors, and ecosystem contributors—thank you for all of your support throughout 2023. It’s our honor to continue pushing the frontiers of DeFi together with you, and we can’t wait to show you what’s next in the Pythian pipeline.

🤝 Partnerships

New dApps Using Pyth

  • Kryptonite, a lending protocol where any asset can become a source of yield.
  • Deribet, a unique platform blending the excitement of leverage trading with the digital gaming world.
  • Degen Base, a trustless perpetual platform built on Base.
  • Mummy Finance, a comprehensive derivatives and perpetual protocol operating across Fantom, Optimism, Arbitrum, and Base.
  • Copin, a protocol enabling anyone to analyze and copy trade other on-chain users across Polynomial, Kwenta, and others
  • Ununx, a decentralized derivatives infrastructure that creates an open, trustless derivatives market by enabling the trading of any asset on Arbitrum.
  • FlatMoney, a purely onchain native currency, untouched by external financial dynamics.
  • Unitus, a next-generation multi-chain money market.
  • Cryptex, a decentralized platform providing cutting-edge perpetuals, all built atop Perennial and Arbitrum.
  • Horizon Protocol, a DeFi platform offering unique opportunities for on-chain trading of synthetic assets that mirror real-world economic assets' risk and return profiles.
  • DropCopy, a prediction game using a parimutuel system to determine the winner.
  • Sprk, a cross-margin oracle-based perpetual order book built on the Fuel Network.
  • KTX, a decentralized derivative and social trading platform on BNB Chain and Mantle.
  • D8X, an institutional-grade perpetual futures built on Polygon zkEVM.

DeFi Partner Updates

  • Paradex crossed the $2B in total traded volume.
  • Flash Trade is live on Solana Mainnet.
  • Drift Protocol reached $100M in TVL as well as $1B traded in 30 days.
  • Synthetix Perps V3 is set to launch with the Andromeda Release on Base, soon to be followed by an Ethereum Mainnet version for medium to whale traders.
  • KTX passed the $1B Traded Volume mark.
  • C3 reached the 100k users on its app in December.

⚙️ Development

New Blockchains Integrated with Pyth

New Price Feeds

💃 Events

Online Events

🫂 Community, Socials and Others

We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.

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