Messari: Pyth Network demand-side activity grew 17% in the second quarter

Messari has released the Pyth Network Q2 status report. The report shows that demand-side activity increased by 17% in Q2, and Pyth published 246 million oracle update requests across 70 blockchains. Pyth shifted to pulling oracle models on Solana in Q2. Since the launch of Pyth Entropy at the end of Q1, it has processed 265,000 requests and generated $19,000 in revenue in Q2. The Pyth protocol has added support for 45 new price feeds, expanded to 14 new blockchains, and integrated into 51 new applications. The data provider network grew by 7% in Q2, reaching 107. The Express Relay was launched, a chain-off priority auction network, to eliminate harmful MEV that affects DeFi protocols and participants. The Pyth oracle was selected by Gauntlet to provide security for its yield vault on Morpho's DeFi lending protocol.