Messari report: In Q1 2024, the total value of Python reached US$7.2 billion, a month-on-month increase of 322%

Messari has released the Q1 2024 Pyth network status report. The report shows that:

· In the first quarter, demand-side activity increased by 97%, and Pyth released 48 billion pulloracle updates;

· The total value obtained by Pyth increased by 322% compared to the previous quarter, reaching 7.2 billion US dollars (including Ethena). It has added support for 41 new price sources, expanded to 9 new blockchains, and integrated into 35 new applications;

· Pyth has added 7 new data providers, increasing its publishing network to 100 data providers in the first quarter;

· The betting amount of PYTH increased by 92% compared to the previous quarter. This growth, coupled with the 206% increase in PYTH price, resulted in a 489% increase in PYTH value in US dollars, from 215 million US dollars to 1.3 billion US dollars;

· Pyth DAO launched its operations in the first quarter, approved the DAO charter, established the Pythian and Price Feedback Committee, and began to implement Pyth operational improvement proposals (PIP).