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Messari: Pyth Network's second quarter demand-side activity rise 17%
Golden Finance reported that Messari released the Pyth Network Q2 State of the Network Report. The report shows that demand-side activity rose 17% in Q2. Pyth published 246 million Oracle Machine updates on 70 on-chain Blocks. In Q2, Pyth shifted to pulling Oracle Machine models on Solana. Since the launch of Pyth Entropy at the end of Q1, it has processed 265,000 requests, generating $19,000 in revenue in Q2. Pyth Protocol added support for 45 price feeds, expanded to 14 new Blockchains, and was integrated by 51 new applications. The Q2 data provider network rose 7% to 107. Express Relay was launched, an off-chain priority auction network to eliminate harmful MEV effects on Decentralized Finance protocols and participants. Pyth Oracle Machine was selected by Gauntlet to secure its yield vault on Morpho's Decentralized Finance lending protocol.