back16 Apr 20242 min read
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The Pyth Universe Expands | Newsletter #52

Welcome to The Pythiad, the official newsletter of the Pyth Network. Ready to hear what’s new? Biweekly updates on all things DeFi await you below. Let’s get started.


What’s New with Pyth

  • March was a big month for Pyth Network:
    • The network facilitated over $7.0 billion in TVS and $87.1 billion in trading volume–64% of that volume came from non-Solana chains.
    • To date, the Pyth oracle secures 56 blockchains.
  • Q1 is officially over. Here are the major highlights from the official report:
    • The investment banks are joining Pyth, starting with Nomura’s digital assets subsidiary, Laser Digital.
    • Pyth’s community growth is unmatched, with a 120% increase since January.
    • New Pyth product for random-number generation: Entropy, which is currently live on Blast, Chiliz Chain, and more.
    • Phase 2 of Pyth’s Retrospective Airdrop is complete.
    • Pyth Governance is running smoothly. Councils are elected. As always, the community awaits your ideas and feedback.

What’s New with DeFi

Regulations

Technology and Development

Stablecoins

  • First Digital is expanding the usage of its stablecoin, FDUSD, among DeFi users. To date, FDUSD has become the fourth-largest stablecoin with a market cap of $3.3 billion.

Ecosystems

Exchanges

Gaming

Community Shoutout

This week, we’ve received some amazing artwork by Pythians PapiChuloGrim, Naheed, Zarp, and mailtolemos. Keep up the good work, everyone!


We want to hear your feedback. Join the Pyth Discord and Telegram, and follow Pyth on X and LinkedIn. You can also learn more about Pyth here.

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Stay informed about Pyth network's development and upcoming events!