Pyth Network Monthly Update | February 2023
Mar 21, 2023


“In February there is everything to hope for and nothing to regret.” – Patience Strong
There’s a strange yet exciting parallel between 2023 and 2022 for the Pyth network. Perhaps it’s because of the familiar signs of successful expansion: Pyth data is increasingly available across ever more blockchains, and data providers continue to join the leading first-party oracle network. More and more applications downstream are becoming #PoweredByPyth.
In the meanwhile, your favorite #PoweredByPyth applications are experiencing breakneck growth! Zeta Markets and Drift — the popular perpetual protocols on Solana — have broken symbolic trading volume milestones.
The same goes for perpetuals on Arbitrum (CAP Finance) and Optimism (Kwenta and Decentrex via Synthetix — $500M monthly trading volume). Let it be known: Pyth data supports robust trading volume growth. Upstarts like Poison Finance (Arbitrum) are also joining the fray, enabling exposure to a variety of financial assets from crypto and beyond.
Lastly, it turns out that Pyth is indeed based. Upon Coinbase’s reveal of Base, their new Ethereum Layer 2, the world also learned that Pyth data is already available for builders ready to #BuildOnBase. That’s the Pyth motto after all: fast delivery.
🤝 Partnerships
CAP Finance V4 — perpetuals on Arbitrum — is now live and #PoweredByPyth
Poison Finance — synthetic on Arbitrum — is live and #PoweredByPyth
DeriTrade — perpetuals on BNB Chain — is live on testnet and #PoweredByPyth
Synthetix Perpetuals V2 on Optimism now offer 23 assets for trading, #PoweredByPyth of course
Zeta Markets — perpetuals on Solana — launched the $APT perpetual market
Drift — perpetual platform on Solana — TVL climbing up (as well as volume!)
Digital Asset Research will contribute market data to the Pyth network
Sentio — analytics platform used by the network — raised $6.4M
⚙️ Development
Pyth releases its first Liquidity Oracle Iteration in Partnership with Kaiko
New Price feeds available: 1INCH/USD, BIT/USD, BONK/USD, FLOKI/USD, OP/USD, and DYDX/USD
📅 Events
Pythians participating in the Kucoin Builder House ETH Denver
Pyth Presentation at the Furnace Hackathon brought to you by Ferum and Aptos
🧑🤝🧑 Community & Socials
From Pythia, oracle of Delphi, to Pyth, oracle of DeFi — IEX Podcast
Telegram AMA with Floki following the release of the FLOKI/USD price feed
Twitter Space with Poison, new synthetics platform on Arbitrum
Twitter Space with Forge, Ferum, Aries, Tsunami and Pontem for the Furnace Hackathon
Twitter Space with Perpy Finance following Pyth launch on Arbitrum
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.