Pyth Oracle Sees Steady Growth Across Solana And EVMs
In a recent analysis by DevRel at Duneanalytics, the utilization of the Pyth oracle has been steadily increasing since January 2022, signaling a robust adoption of its services. Solana emerges as the primary platform for Pyth transactions, particularly during bullish market conditions. While transaction volumes peaked in December of the previous year and have since experienced a slight decline, the number of unique wallets engaging with Pyth has shown a notable and sustained increase. This trend underscores growing user participation and interest in Pyth's capabilities. https://twitter.com/agaperste/status/1751705951797641604?t=uRbA2Q-waKQX0EmLXEcw5Q&s=19 Noteworthy is Pyth's expansion into the EVM (Ethereum Virtual Machine) ecosystem. Analysis reveals a steady uptick in Pyth transactions within EVMs, particularly on platforms like zkSync Era, Arbitrum, and Optimism. However, when comparing Pyth and Chainlink's adoption rates for price feeds on EVMs, Chainlink emerges as the dominant player. PYTH and Chainlink Leads Role […]
