Pyth Network Dominates DeFi Despite Price Slump

Pyth Network continues its explosive growth across various blockchains, achieving remarkable $75 billion in monthly trading volume. This expansion is fueled by integrations with key platforms like Magic Eden and GMX, solidifying its position as a leading cross-chain oracle provider. 65 million cross-chain updates underscore growing demand for interoperable data, driving adoption while navigating regulatory landscapes. Despite a downward trend in the $PYTH price, which hovers near $0.1227, key support remains active, reflecting confidence in the protocol’s long-term potential.