Messari releases Pyth Q2 report: Demand increased by 17%, and 45 new price feeds and 14 chains were supported

Messari recently released the Pyth Network 2024 Q2 Status Report, the key points are as follows: -Q2 demand-side activity increased by 17% as Pyth released 246 million pull oracle updates on 70 blockchains. Pyth transitioned to the Solana on-chain pull oracle model this quarter; -Since its release at the end of Q1, Pyth Entropy has processed 265,000 requests and generated $19,000 in revenue in Q2. The broader Pyth protocol added support for 45 new price feeds, expanded to 14 new blockchains, and was integrated into 51 new applications; -Pyth’s publisher network grew to 107 data providers in Q2, up 7% from 100 in Q1; -Pyth launched Express Relay, an off-chain priority auction network designed to eliminate harmful MEV that affects DeFi protocols and DeFi participants; -Gauntlet selected Pyth oracles to secure its yield vault on Morpho’s DeFi lending protocol.