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Messari has released the Pyth Network Status Report for the first quarter of 2024, according to a report by Jinse Finance. The report shows:
·In the first quarter, demand-side activity rose by 97%, and Pyth released 48 billion pulloracle updates.
·Pyth's total value obtained increased by 322% on a month-on-month basis, reaching $7.2 billion (including Ethena). It has added support for 41 new price feeds, expanded to 9 new blockchains, and integrated into 35 new applications.
· Pyth has added 7 new data providers, bringing the total number of publishers on its network to 100 in the first quarter.
· The betting amount of PYTH has increased by 92% compared to the previous period. This increase, combined with a 206% increase in PYTH price, has resulted in a 489% increase in the value of PYTH calculated in US dollars, from 215 million US dollars to 1.3 billion US dollars.
·The Pyth DAO launched its operations in the first quarter, approving the DAO Charter, establishing the Pythian and Price Feedback Committees, and initiating the execution of Pyth Operational Improvement Proposals (PIPs).