State of the Pyth Network Report Q1 2024: Demand-Side Activity Grows 97%, Total Value Grows 322%
According to Wu Shuo, Messari released the Pyth network status report for the first quarter of 2024. Reports show demand-side activity grew by 97%, with 48 billion pulloracle updates released for Python. The total value received by Pyth, including Ethena, increased 322% sequentially to $7.2 billion. Meanwhile, Pyth added seven new data providers, bringing its publisher network to 100 data providers in the first quarter. PYTH's staking volume increased by 92% month-on-month. This increase, combined with the 206% increase in PYTH price, resulted in a 489% increase in the value of PYTH in U.S. dollars, from $215 million to $1.3 billion. In addition, Pyth DAO launched operations in the first quarter, approved the DAO Charter, established the Pythian and Price Feedback Committee, and began executing the Pyth Operations Improvement Proposal (PIP).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreAccording to the latest filing disclosed by the U.S. Securities and Exchange Commission (SEC), some existing shareholders of electric aircraft manufacturer Archer Aviation Inc. plan to sell up to 5.3 million shares of the company's Class A common stock.
According to the latest filing disclosed by the U.S. Securities and Exchange Commission (SEC), some existing shareholders of electric aircraft manufacturer Archer Aviation Inc. plan to sell up to 5.3 million shares of the company’s Class A common stock.
Crypto prices
More
