Pyth（Pyth）網絡

Pyth（Pyth）是一個甲骨文網絡，旨在為加密貨幣，股票，外匯對，ETF和商品提供準確的價格。

Key Highlights:

關鍵亮點：

* Pyth Network, a leading decentralized oracle network providing accurate prices for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities, saw Total Transaction Value (TTV) decrease by 14.9% to $149.1 billion in Q1'25.

* PYTH網絡是一個領先的分散甲骨文網絡，為加密貨幣，股票，外匯對，ETF和商品提供準確的價格，總交易價值（TTV）在Q1'25降低了14.9％，至1491億美元。

* Despite the quarter-over-quarter decline, TTV displayed a significant year-over-year increase of 376.6%, showcasing the growing demand for Pyth's services.

*儘管季度下降了四分之一，但TTV的同比增長了376.6％，展示了對Pyth服務的增長。

* Among major oracles, Pyth experienced the smallest decline in TTV and the smallest increase in TVS, indicating relative resilience in a period of broader market slowdowns.

*在主要的Oracles中，Pyth經歷了TTV的最小下降和電視的最小增加，這表明在更廣泛的市場放緩時期，相對彈性。

* Pyth's market share in TTV dropped to 32.5%, down from 35.5% in the previous quarter, as Chainlink's TTV saw a larger pullback.

* Pyth在TTV中的市場份額下降到32.5％，低於上一季度的35.5％，因為Chainlink的TTV看到了更大的回調。

* In TVS, Pyth's market share rose from 10.7% to 12.8%, while Chainlink's TVS fell by 24%.

*在電視中，Pyth的市場份額從10.7％上升到12.8％，而Chainlink的電視則下降了24％。

* Aptos remained the largest contributor to Pyth update volume but saw a sharp decline of 53.2% in updates and 38.6% in market share.

* APTO仍然是Pyth更新量的最大貢獻者，但更新的急劇下降了53.2％，市場份額下降了38.6％。

* Solana recorded a slight increase in updates and observed a rise in market share as other chains saw more significant pullbacks in activity.

* Solana記錄了更新的略有增加，並且觀察到市場份額的上升，因為其他連鎖店的活動中有更大的回調。

* Berachain and Sonic were newly added to the Pyth network this quarter.

*本季度新添加到Pyth網絡中的Berachain和Sonic。

* Sponsored updates remained the largest category, with a 1.0% increase in transactions.

*贊助更新仍然是最大的類別，交易增加了1.0％。

Non-sponsored updates saw a 17.7% rise in Q1'25.

非贊助的更新在Q1'25中增長了17.7％。

* Atomic updates declined further, with only 2,967 such transactions recorded.

*原子更新進一步下降，僅記錄了2967次此類交易。

* Pyth Entropy continued its growth trajectory, processing 1.62 million requests and generating $32,785 in revenue.

* Pyth Entropy繼續其增長軌跡，處理162萬份請求，並產生32,785美元的收入。

* Gas costs declined across most EVM chains in Q1'25, with Arbitrum remaining the largest contributor.

* Q1'25的大多數EVM鏈中的天然氣成本下降，仲裁仍然是最大的貢獻者。

* Kamino Swap integrated Express Relay in Q4'24 to enable decentralized limit orders on Solana with centralized exchange-level execution.

* Q4'24中的Kamino交換綜合快速繼電器以索拉納（Solana）的分散式限制順序，並通過集中的交換級執行。

* In Q1'25, Kamino Swap processed $171 million in limit order volume and paid 590 SOL in searcher tips.

*在Q1'25中，Kamino掉期處理了1.71億美元的限制順序量，並在搜索器提示中支付了590輛Sol。

* Total PYTH staked in Oracle Integrity Staking (OIS) rose 176.4% to 638.7 million PYTH by the end of Q1'25.

*到Q1'25結束時，Pyth置於Oracle Integration Staking（OIS）中的總Pyth（OIS）上升了176.4％，達到63870萬Pyth。

Protocol Updates:

協議更新：

* Pyth Lazer, an ultra-low latency data service, was launched to provide speed-critical protocols with high-frequency price updates.

* pyth lazer是一項超低延遲數據服務，啟動了以高頻價格更新提供速度關鍵協議。

* Pyth Lazer offers update intervals as fast as 1 millisecond, in addition to 50ms, 200ms, and user-defined frequencies.

* Pyth lazer提供的更新間隔與1毫秒之外的更新間隔，除了50ms，200ms和用戶定義的頻率外。

* It provides support for over 1,200 assets across 100+ chains and platforms like TradingView and OpenBB.

*它為100多個鏈條和平台（例如TradingView and OpenBB）提供了1,200多種資產的支持。

* New institutional publishers joined the Pyth Network this quarter, expanding the network's coverage of traditional and emerging markets.

*新的機構出版商本季度加入了Pyth網絡，擴大了網絡對傳統和新興市場的報導。

* Early integrations of Pyth's low-latency price feeds with several DeFAI tools highlight the increasing demand for real-time data in decentralized applications.

* Pyth的低延遲價格提要與多種Defai工具的早期集成突出了對分散應用程序中實時數據的需求不斷增長。

* Pyth Network launched Insights Hub, a public analytics dashboard, to provide transparency and performance metrics on its price feeds and data publishers.

* PYTH網絡推出了Insights Hub，這是一個公共分析儀表板，以在其價格提要和數據出版商的情況下提供透明度和性能指標。

* The Hub offers a single point of access for traders, institutions, and developers to view and verify real-time market data.

*樞紐為交易者，機構和開發人員提供了一個訪問點，以查看和驗證實時市場數據。

Summary:

概括：

* Pyth Network, a leading decentralized oracle network, saw Total Transaction Value (TTV) decrease slightly in Q1'25 as broader market slowdowns impacted DeFi activity.

* Pyth網絡是一個領先的分散甲骨文網絡，看到Q1'25的總交易值（TTV）略有下降，因為更廣泛的市場減慢影響了DEFI活動。

* However, TTV displayed a significant year-over-year increase, and Pyth experienced the smallest decline in TTV and the smallest increase in Total Value Secured (TVS) among major oracles.

*但是，TTV同比顯示出顯著的增長，而Pyth的TTV下降最小，而主要的甲殼蟲總價值（TV）的增長最小。

* Pyth's market share in TTV dropped, while its share in TVS rose as Chainlink saw a larger pullback in TTV and broader declines in TVS.

* Pyth在TTV中的市場份額下降了，而電視上的份額則升起，因為Chainlink在TTV中的回調較大，電視的下降幅度更大。

* Aptos remained the largest contributor to Pyth update volume but saw a sharp pullback in updates and market share.

* Aptos仍然是Pyth更新量的最大貢獻者，但更新和市場份額的回調急劇下降。

* Solana recorded a slight increase in updates and observed a rise in market share.

* Solana記錄了更新的略有增加，並觀察到市場份額的上升。

* Berachain and Sonic were newly added to the Pyth network this quarter.

*本季度新添加到Pyth網絡中的Berachain和Sonic。

* Sponsored updates remained the largest category, and Non-sponsored updates saw a rebound.

*贊助更新仍然是最大的類別，而非贊助的更新可以反彈。

* Atomic updates declined further in Q1'25.

*原子更新在Q1'25中進一步下降。

* Pyth Entropy continued its growth trajectory, processing over 1 million requests and generating $32,785 in revenue.

* Pyth Entropy繼續其增長軌跡，處理超過100萬個請求，並產生32,785美元的收入。

* Gas costs declined across most EVM chains in Q1'25.

* Q1'25中大多數EVM鏈中的氣體成本下降。

* Kamino Swap, which integrated Express Relay in Q4'24, saw a substantial increase in limit order volume and searcher tips.

* kamino交換在Q4'24中集成了Express繼電器，限制順序量和搜索器提示大幅增加。