back01 Mar 20233 min read
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Pyth Network Monthly Update | February 2023

“In February there is everything to hope for and nothing to regret.” Patience Strong

There’s a strange yet exciting parallel between 2023 and 2022 for the Pyth network. Perhaps it’s because of the familiar signs of successful expansion: Pyth data is increasingly available across ever more blockchains, and data providers continue to join the leading first-party oracle network. More and more applications downstream are becoming #PoweredByPyth.

In the meanwhile, your favorite #PoweredByPyth applications are experiencing breakneck growth! Zeta Markets and Drift — the popular perpetual protocols on Solana — have broken symbolic trading volume milestones.

The same goes for perpetuals on Arbitrum (CAP Finance) and Optimism (Kwenta and Decentrex via Synthetix — $500M monthly trading volume). Let it be known: Pyth data supports robust trading volume growth. Upstarts like Poison Finance (Arbitrum) are also joining the fray, enabling exposure to a variety of financial assets from crypto and beyond.

Lastly, it turns out that Pyth is indeed based. Upon Coinbase’s reveal of Base, their new Ethereum Layer 2, the world also learned that Pyth data is already available for builders ready to #BuildOnBase. That’s the Pyth motto after all: fast delivery.

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⚙️ Development

📅 Events

🧑‍🤝‍🧑 Community & Socials

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