Pyth Network Monthly Update | April 2023
May 1, 2023


“April was just beginning…and a breath of spring could be felt in the soft, cold air.” — Anton Chekov
As brighter days are looming, excitement is creeping up throughout the DeFi world!
Most excited are, undoubtedly, the teams becoming #PoweredByPyth. The availability of the Pyth’s low-latency pull oracles has set off a blossoming effect: more volume, more trading, and more users as Pyth expands to five new blockchains, including Injective, Neon EVM, Conflux Shimmer, and Meter this month.
As the days start warming up, so are our #PoweredByPyth partners: new launches like DeriTrade on zkSync Era; and new all-time-highs in trading volume across Drift ($500M), Uniwhale ($300M), Morphex ($250M), CAP Finance exceeding ($150M), and Tigris ($100M).
We’re always pleased to welcome new teams to the network and support their growth. Reactor Fusion became the number one money-market protocol on zkSync Era overnight, while Forge, a synthetics protocol on Arbitrum, decided to expand its product offering through Pyth’s 200+ price feeds.
It’s always good to take a step back and reflect on how far we’ve come. Last year, the network introduced a new type of low-latency pull oracles for devlivering real-time prices to multiple chains in a gas-efficient manner. As of today, our #PoweredByPyth partners have permissionlessly requested over 1,000,000 price update on-chain! Things are warming up for a Pythian summer…
🤝 Partnerships
Who’s #PoweredByPyth? Who contributes data to Pyth?
Injective, a PoS Layer 1 blockchain built for finance, is now #PoweredByPyth
Nexon Finance, the first money-market #PoweredByPyth on zkSync, continues growing!
ReactorFusion, a lending protocol on zkSync Era, is now #PoweredByPyth
DeriTrade, a #PoweredByPyth multi-chain decentralized derivative protocol, has expanded to zkSync Era
D8X, a perpetual futures DEX on Polygon zkEVM, has launched on testnet #PoweredByPyth
0VIX Protocol, a money-market application #PoweredByPyth, is leading DeFi on Polygon zkEVM
Deri Protocol, a multi-chain decentralized protocol for users to trade perpetual products, and their new Protocol as a Service (PaaS), are now #PoweredByPyth
Duet Protocol, a multi-chain synthetic assets ecosystem, is now #PoweredByPyth
Avantis Finance, a derivatives platform on Optimism, is now #PoweredByPyth
Tigris Trade, a decentralized trading platform on Polygon and Arbitrum, surpasses the $100M volume milestone!
CAP Finance, a perpetuals DEX #PoweredByPyth on Arbitrum, facilitated over $150M in daily trading volume!
Buffer Finance, a futures DEX on Arbitrum, is now #PoweredByPyth
Forge, a synthetic protocol on Arbitrum, is now #PoweredByPyth
Synthex, a synthetic protocol on Arbitrum, has launched #PoweredByPyth
Narwhal, a decentralized perpetual trading platform on BNB Chain and Arbitrum, will become #PoweredByPyth
Uniwhale, a perpetual DEX on BNB Chain, has reached $300M in trading volume since being #PoweredByPyth
Sable Finance, a decentralized borrowing protocol on BNB Chain, has decided to become #PoweredByPyth
Morphex, a decentralized perpetuals exchange on Fantom, surpassed $200M in trading volume
Drift, a DEX offering perpetual trading #PoweredByPyth on Solana, has surpassed the $500M trading volume mark
GooseFX, a DeFi protocol on Solana, has just launched its perpetuals protocol and SDK—both #PoweredByPyth
Buy your .sol with $BAT on Bonfida—#PoweredByPyth
Search pyth.sol in your Brave browser and enjoy!
⚙️ Development
New Blockchains? New Features? New Price Feeds? You want it, we’ve got it.
TradingView’s plugin is now #PoweredByPyth
New Pyth Price Feeds: OSMO/USD, HFT/USD, CRO/USD, BAT/USD, SNX/USD, HNT/USD
Pyth’s low-latency pull oracles are now 85x cheaper on Aptos
Pyth’s low-latency pull oracles are now available on Conflux
Pyth’s low-latency pull oracles are now available on Meter
Pyth’s low-latency pull oracles are now available on Neon EVM devnet
Pyth’s low-latency pull oracles are now available on Shimmer testnet
Building on Injective? Looking to get #PoweredByPyth? Check how to integrate Pyth here and aim for our Bounty!
Marginfi Omni, an AI-based chatbot for the Solana ecosystem, introduces a pricing mechanism which is #PoweredByPyth
📅 Events
Pythian festivities continue unabated, online and offline!
Pyth has now reached 1 million on-chain price updates
Happy Eid Mubarak to all our Pythians
Pyth Data-Driven Happy Hour in Hong Kong and Austin, Texas
Spring has sprung. Congratulations to the winners of our Pyth Easter Egg Hunt!
Pyth Bounty announced for the Injective Global Hackathon
🧑🤝🧑 Community & Socials
What’s new with the Pythians?
Pyth Q1 Recap: Where is Pyth Now?
Movie Premiere: Learn the unique benefits Pyth bring to you!
Discussion: Unlocking the potential of DeFi—with L2’s and #Pyth data
Discussion: DeFi, your option, your future with Deri Protocol
Discussion: Perps, L2s, and DeFi Derivatives
Discussion: Les Dernières Tendances Crypto avec Flowdesk
Discussion: Quand la CeFi et la DeFi ne font qu’un
Soundbite: First-party data matters!
Article: Pyth Network, un oracle blockchain rapide, sûr et décentralisé qui se démarque de ses concurrents
Thread: Sable Stablecoin #PoweredByPyth
Thread: Intro to Pyth Network Pull Model
Thread: Don’t push! Pull only!
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.