back08 Nov 20233 min read
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Pyth Monthly Update | October 2023

“I'm so glad I live in a world where there are Octobers.” — L. M. Montgomery

That’s another month checked off. What’s next on the Pyth Network’s to-do list? The oracle has gone cross-chain, achieved 400ms latency updates, and secured value for a some of the biggest DeFi names. We’re now working towards having all the world’s financial data flow through Pyth.

October oversaw new integrations across scores of Pyth-supported blockchains, from new stablecoin protocols like Angle to hybrid exchanges like C3. From on-chain to off-chain, Levana to Laevitas, Pyth Price Feeds are permissionless and freely accessible to developers anywhere, anytime.

Don’t just take our word for it: Pyth is now the #2 ranked oracle in DefiLlama. There’s a silent revolution taking place. Oak Invest’s report on the oracle industry is a good place to start for newcomers or those captivated by the blockchain infrastructure space.

Speaking of literature, the publication of the “Understanding the PYTH Tokenomics” set a new momentum for the community. It is critical, after all, for a community to be able to prepare for on-chain governance to help guide the protocol in an informed manner.

Going into November, Mike Cahill of Douro Labs revealed the Pyth Network Retrospective Airdrop, the largest cross-chain airdrop program of its kind covering over 75K wallets throughout 27 ecosystems. The Pythian parade never stops...

🤝 Partnerships

New dApps Using Pyth

  • Metavault, a spot and perpetual DEX on Polygon
  • Rollie Finance, the first native perpetual DEX on Scroll mainnet
  • Lyve, issuer of the LST-backed LYU stablecoin on Linea
  • Sphere, payments infrastructure for the next generation of the internet
  • Angle, the stablecoin protocol behind agEUR
  • Levana, fully collateralized perpetual futures on Cosmos (Injective, Osmosis, and Sei)
  • Bluefin, decentralized orderbook-based perpetuals on Arbitrum and Sui
  • Turbos, a hyper-efficient CLMM DEX on Sui
  • Membrane, an experimental protocol using collateralized debt positions to synthesize credit demand into the CDT debt token on Cosmos
  • PopFi, a decentralized trading protocol for perpetual futures and binary options on Solana
  • BMX, a new perpetual trading protocol, designed by Morphex, and built on Base
  • Kinetix, the first perpetual exchange on Kava
  • Arkadiko, a platform for self-repaying loans on Stacks in the form of the USDA stablecoin
  • Laevitas, a quantitative analytics platform for digital assets, will use Pyth data off-chain for their operations
  • Deepr Finance, a lending platform on IOTA and Shimmer
  • Virtue Money, a decentralized borrowing protocol for vUSD loans against SMR

DeFi Partner Updates

  • C3, a hybrid CEX/DEX, has opened its testnet to the public
  • Perennial, a DeFi-native derivatives primitive on Arbitrum, has launched its V2 which is now #PoweredByPyth
  • LEXER, the decentralized perpetual exchange for forex and crypto, has launched their v2 which uses Pyth data for its swap and perpetual markets
  • LayerBank, the universal permissionless on-chain bank, is now live on Manta Network, in addition to Linea and Scroll
  • FusionX launches on Mantle testnet with aims to become its native DEX

⚙️ Development

New Blockchains Integrated with Pyth

New Price Feeds

💃 Events

Pyth in Person

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 learn more about Pyth here.

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