Pyth（Pyth）网络

Pyth（Pyth）是一个甲骨文网络，旨在为加密货币，股票，外汇对，ETF和商品提供准确的价格。

Key Highlights:

关键亮点：

* 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网络是一个领先的分散甲骨文网络，为加密货币，股票，外汇对，ETF和商品提供准确的价格，总交易价值（TTV）在Q1'25降低了14.9％，至1491亿美元。

* 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.

*尽管季度下降了四分之一，但TTV的同比增长了376.6％，展示了对Pyth服务的增长。

* 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经历了TTV的最小下降和电视的最小增加，这表明在更广泛的市场放缓时期，相对弹性。

* 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中的市场份额下降到32.5％，低于上一季度的35.5％，因为Chainlink的TTV看到了更大的回调。

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

*在电视中，Pyth的市场份额从10.7％上升到12.8％，而Chainlink的电视则下降了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更新量的最大贡献者，但更新的急剧下降了53.2％，市场份额下降了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记录了更新的略有增加，并且观察到市场份额的上升，因为其他连锁店的活动中有更大的回调。

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

*本季度新添加到Pyth网络中的Berachain和Sonic。

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

*赞助更新仍然是最大的类别，交易增加了1.0％。

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

非赞助的更新在Q1'25中增长了17.7％。

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

*原子更新进一步下降，仅记录了2967次此类交易。

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

* Pyth Entropy继续其增长轨迹，处理162万份请求，并产生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的大多数EVM链中的天然气成本下降，仲裁仍然是最大的贡献者。

* 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交换综合快速继电器以索拉纳（Solana）的分散式限制顺序，并通过集中的交换级执行。

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

*在Q1'25中，Kamino掉期处理了1.71亿美元的限制顺序量，并在搜索器提示中支付了590辆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结束时，Pyth置于Oracle Integration Staking（OIS）中的总Pyth（OIS）上升了176.4％，达到63870万Pyth。

Protocol Updates:

协议更新：

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

* pyth lazer是一项超低延迟数据服务，启动了以高频价格更新提供速度关键协议。

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

* Pyth lazer提供的更新间隔与1毫秒之外的更新间隔，除了50ms，200ms和用户定义的频率外。

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

*它为100多个链条和平台（例如TradingView and OpenBB）提供了1,200多种资产的支持。

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

*新的机构出版商本季度加入了Pyth网络，扩大了网络对传统和新兴市场的报道。

* 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的低延迟价格提要与多种Defai工具的早期集成突出了对分散应用程序中实时数据的需求不断增长。

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

* PYTH网络推出了Insights Hub，这是一个公共分析仪表板，以在其价格提要和数据出版商的情况下提供透明度和性能指标。

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

*枢纽为交易者，机构和开发人员提供了一个访问点，以查看和验证实时市场数据。

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网络是一个领先的分散甲骨文网络，看到Q1'25的总交易值（TTV）略有下降，因为更广泛的市场减慢影响了DEFI活动。

* 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同比显示出显着的增长，而Pyth的TTV下降最小，而主要的甲壳虫总价值（TV）的增长最小。

* 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中的市场份额下降了，而电视上的份额则升起，因为Chainlink在TTV中的回调较大，电视的下降幅度更大。

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

* Aptos仍然是Pyth更新量的最大贡献者，但更新和市场份额的回调急剧下降。

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

* Solana记录了更新的略有增加，并观察到市场份额的上升。

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

*本季度新添加到Pyth网络中的Berachain和Sonic。

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

*赞助更新仍然是最大的类别，而非赞助的更新可以反弹。

* Atomic updates declined further in Q1'25.

*原子更新在Q1'25中进一步下降。

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

* Pyth Entropy继续其增长轨迹，处理超过100万个请求，并产生32,785美元的收入。

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

* Q1'25中大多数EVM链中的气体成本下降。

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

* kamino交换在Q4'24中集成了Express继电器，限制顺序量和搜索器提示大幅增加。