Pyth Monthly Update | October 2023
Nov 8, 2023

“I'm so glad I live in a world where there are Octobers.” — L. M. Montgomery

That’s another month checked off. What’s next on the Pyth Network’s to-do list? The oracle has gone cross-chain, achieved 400ms latency updates, and secured value for a some of the biggest DeFi names. We’re now working towards having all the world’s financial data flow through Pyth.
October oversaw new integrations across scores of Pyth-supported blockchains, from new stablecoin protocols like Angle to hybrid exchanges like C3. From on-chain to off-chain, Levana to Laevitas, Pyth Price Feeds are permissionless and freely accessible to developers anywhere, anytime.
Don’t just take our word for it: Pyth is now the #2 ranked oracle in DefiLlama. There’s a silent revolution taking place. Oak Invest’s report on the oracle industry is a good place to start for newcomers or those captivated by the blockchain infrastructure space.
Speaking of literature, the publication of the “Understanding the PYTH Tokenomics” set a new momentum for the community. It is critical, after all, for a community to be able to prepare for on-chain governance to help guide the protocol in an informed manner.
Going into November, Mike Cahill of Douro Labs revealed the Pyth Network Retrospective Airdrop, the largest cross-chain airdrop program of its kind covering over 75K wallets throughout 27 ecosystems. The Pythian parade never stops...
🤝 Partnerships
New dApps Using Pyth
Metavault, a spot and perpetual DEX on Polygon
Rollie Finance, the first native perpetual DEX on Scroll mainnet
Lyve, issuer of the LST-backed LYU stablecoin on Linea
Sphere, payments infrastructure for the next generation of the internet
Angle, the stablecoin protocol behind agEUR
Levana, fully collateralized perpetual futures on Cosmos (Injective, Osmosis, and Sei)
Bluefin, decentralized orderbook-based perpetuals on Arbitrum and Sui
Turbos, a hyper-efficient CLMM DEX on Sui
Membrane, an experimental protocol using collateralized debt positions to synthesize credit demand into the CDT debt token on Cosmos
PopFi, a decentralized trading protocol for perpetual futures and binary options on Solana
BMX, a new perpetual trading protocol, designed by Morphex, and built on Base
Kinetix, the first perpetual exchange on Kava
Arkadiko, a platform for self-repaying loans on Stacks in the form of the USDA stablecoin
Laevitas, a quantitative analytics platform for digital assets, will use Pyth data off-chain for their operations
Deepr Finance, a lending platform on IOTA and Shimmer
Virtue Money, a decentralized borrowing protocol for vUSD loans against SMR
DeFi Partner Updates
C3, a hybrid CEX/DEX, has opened its testnet to the public
Perennial, a DeFi-native derivatives primitive on Arbitrum, has launched its V2 which is now #PoweredByPyth
LEXER, the decentralized perpetual exchange for forex and crypto, has launched their v2 which uses Pyth data for its swap and perpetual markets
LayerBank, the universal permissionless on-chain bank, is now live on Manta Network, in addition to Linea and Scroll
FusionX launches on Mantle testnet with aims to become its native DEX
⚙️ Development
The Understanding the PYTH Tokenomics report was published. It is important that the community can prepare for governance and to help shape the protocol network and ecosystem
Bitcoin prices fluctuated wildly on rumors of a Bitcoin ETF approval. Learn how Pyth Price Feeds captured the volatile price action of BTC/USD
Astar Network launches its own zkEVM thanks to Pyth and Gelato’s Rollup-as-a-Service (RaaS)
New Blockchains Integrated with Pyth
New Price Feeds
AR/USD, ASTR/USD, BSV/USD, EGLD/USD, GRAIL/USD, HBAR/USD, IMX/USD, LRC/USD, LUSD/USD, MINA/USD, OKB/USD, RON/USD, SMR/USD, UMA/USD, USDP/USD, VET/USD, wstETH/USD, ZRX/USD
💃 Events
Pyth in Person
The Pythians show up at Breakpoint 2023 in Amsterdam
Online Events
Mike Cahill, CEO of Douro Labs, gives his keynote at Token2049. Catch the recap of The Pyth Effect here!
Mike Cahill on The Scoop by The Block with Frank Chaparro
Mike Cahill on Validated Live by Multicoin with Austin Federa from Solana Foundation
🫂 Community, Socials and Others
Oracles: A Silent Revolution? Read OAK Invest’s research report (EN, FR)
The advantages of the Perseus Upgrade from September
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can learn more about Pyth here.