# Pheasant Bird’s-Eye Recap: June 2024

By [Pheasant Network](https://paragraph.com/@pheasant-network) · 2024-07-08

---

Welcome to the June 2024 edition of “Pheasant Bird’s-Eye Recap.” In this series, we reflect on our progress over the past month, highlighting key figures and metrics. From recent deployments and network usage statistics to trends in the Layer 2 scene, our monthly reports cover all notable events, ensuring you’re up-to-date with the latest advancements and prepared for upcoming developments.

Monthly Overview
----------------

While many significant events happened in June, we’re thrilled to share a major milestone: our network’s bridge transaction volume has exceeded $20 million, with more than 40,000 transactions completed. This success wouldn’t have been possible without the support of our community, and we appreciate your continued involvement.

As we celebrate this achievement, we remain focused on our long-term goals. To further expand our network and attract more users, we launched the second series of the Pheasant Voyage Campaign in June, in collaboration with the Taiko ecosystem. Following the success of the first series with the Linea ecosystem, this new round, titled “Flight to Taiko,” runs parallel to Taiko’s own campaign, Taiko Trailblazers, in which we are participating as one of their official bridge partners.

On the development front, we have integrated two new wallets into our ecosystem: Bitget Wallet and Taho. These additions are expected to increase user engagement, propelling us toward our next benchmark of $30 million in transaction volume.

Looking at the broader Ethereum ecosystem, June saw no significant changes in Total Value Locked (TVL), with Ethereum maintaining its dominance at over 60% market share. In the Layer 2 scene, although ZKsync’s airdrop made headlines, it has yet to challenge the stronghold of Optimistic Rollups.

*   Ethereum: 61.22%
    
*   Arbitrum: 2.99%
    
*   Base：1.52%
    
*   Blast：1.38%
    
*   Polygon: 0.91%
    

![https://defillama.com/chains/](https://storage.googleapis.com/papyrus_images/af57d493df62da44babfc8e41bd2aa682ee95ee2ee3bfce3ed30e9409376465f.png)

https://defillama.com/chains/

For further details, visit our official channels:

[Website](https://pheasant.network/) | [GitHub](https://github.com/Pheasant-Network) | [Docs](https://docs.pheasant.network/) | [Blog](https://blog.pheasant.network/) | [Mirror](https://mirror.xyz/0x0CdeF21714e12A518B818C9a70c7AA39D4A69974) | [Twitter](https://twitter.com/PheasantNetwork) | [Discord](https://discord.gg/pRYSEUVERT) | [Telegram](https://t.me/pheasant_network) | [Galxe](https://galxe.com/pheasantnetwork) | [L2 Learn](https://l2learn.io/)

June’s Key Focus
----------------

### Integration of Bitget Wallet and Taho

Last month, we integrated two new wallet apps: Bitget Wallet, a Web3-native multi-chain wallet, and Taho, a community-driven browser wallet. These additions represent the 6th and 7th wallets supported in the Pheasant ecosystem, following the previous integration of Rabby Wallet and OKX Wallet in May.

[![User Avatar](https://storage.googleapis.com/papyrus_images/4b04ab37f1f9556d030e20c524150736ada67af056a693b39244d0dc41e40abd.jpg)](https://twitter.com/PheasantNetwork)

[Pheasant Network🪽](https://twitter.com/PheasantNetwork)

[@PheasantNetwork](https://twitter.com/PheasantNetwork)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PheasantNetwork/status/1801126915677589921)

![📢](https://abs-0.twimg.com/emoji/v2/72x72/1f4e2.png)Pheasant has integrated Bitget Wallet!![💙](https://abs-0.twimg.com/emoji/v2/72x72/1f499.png)  
  
We are excited to announce the integration of [@BitgetWallet](https://twitter.com/BitgetWallet), your web3 trading wallet of the future.  
[pheasant.network](https://t.co/kwOrZTQx54)  
  
Elevate your crypto journey with a safe, convenient, and powerful web3 trading wallet!

![](https://storage.googleapis.com/papyrus_images/b977a1787d01c418d3523a558533a7f8a2a31ba8867d705aefff09b2e5617fa4.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 4](https://twitter.com/PheasantNetwork/status/1801126915677589921)[

12:38 AM • Jun 13, 2024

](https://twitter.com/PheasantNetwork/status/1801126915677589921)

[![User Avatar](https://storage.googleapis.com/papyrus_images/4b04ab37f1f9556d030e20c524150736ada67af056a693b39244d0dc41e40abd.jpg)](https://twitter.com/PheasantNetwork)

[Pheasant Network🪽](https://twitter.com/PheasantNetwork)

[@PheasantNetwork](https://twitter.com/PheasantNetwork)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PheasantNetwork/status/1799001685916082195)

![📢](https://abs-0.twimg.com/emoji/v2/72x72/1f4e2.png)Pheasant has integrated Taho![🐶](https://abs-0.twimg.com/emoji/v2/72x72/1f436.png)  
  
We are excited to announce the integration of [@taho\_xyz](https://twitter.com/taho_xyz), the community owned & operated wallet.  
[pheasant.network](https://t.co/kwOrZTQx54)  
  
Enjoy the first community-owned web3 wallet!

![](https://storage.googleapis.com/papyrus_images/922eb9b2f22300734a2a1c92670db2c6ac916510f48199c549379e90a68bf654.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 7](https://twitter.com/PheasantNetwork/status/1799001685916082195)[

3:53 AM • Jun 7, 2024

](https://twitter.com/PheasantNetwork/status/1799001685916082195)

### 20M Total Volume Achieved

Pheasant Network has surpassed a major milestone of $20M in total bridge transaction volume, completing over 40,000 transactions. This achievement is a significant step forward in our growth plan and a testament to the strong support from our community.

[![User Avatar](https://storage.googleapis.com/papyrus_images/4b04ab37f1f9556d030e20c524150736ada67af056a693b39244d0dc41e40abd.jpg)](https://twitter.com/PheasantNetwork)

[Pheasant Network🪽](https://twitter.com/PheasantNetwork)

[@PheasantNetwork](https://twitter.com/PheasantNetwork)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PheasantNetwork/status/1802632554702680187)

Wow, Pheasant's total volume has surpassed $20M!![🎉](https://abs-0.twimg.com/emoji/v2/72x72/1f389.png)  
Total txs also exceeded 40K. More growth is on the way![🚀](https://abs-0.twimg.com/emoji/v2/72x72/1f680.png)

![](https://storage.googleapis.com/papyrus_images/93622d002877d8207cf437a9781c72eb8772870c2a7997812062b354d9e4c52c.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 5](https://twitter.com/PheasantNetwork/status/1802632554702680187)[

4:21 AM • Jun 17, 2024

](https://twitter.com/PheasantNetwork/status/1802632554702680187)

### Pheasant Voyage - Flight to Taiko

Building on the achievements of our first Pheasant Voyage with the Linea ecosystem, we launched the second season, “Flight to Taiko,” on the 25th. This new round takes place during Taiko’s ongoing Trailblazers campaign, where we are an official bridge partner. By bridging assets to Taiko using the Pheasant bridge during the weeks of Flight to Taiko, users qualify for rewards from both campaigns, including Taiko Points, USDC, and Pheasant XPs.

[![User Avatar](https://storage.googleapis.com/papyrus_images/4b04ab37f1f9556d030e20c524150736ada67af056a693b39244d0dc41e40abd.jpg)](https://twitter.com/PheasantNetwork)

[Pheasant Network🪽](https://twitter.com/PheasantNetwork)

[@PheasantNetwork](https://twitter.com/PheasantNetwork)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PheasantNetwork/status/1805542674726109371)

![🥁](https://abs-0.twimg.com/emoji/v2/72x72/1f941.png)Pheasant Voyage—Flight to [@taikoxyz](https://twitter.com/taikoxyz) "Week 1: Bridge Week" has begun!![🌉](https://abs-0.twimg.com/emoji/v2/72x72/1f309.png)  
  
![📌](https://abs-0.twimg.com/emoji/v2/72x72/1f4cc.png)[app.galxe.com/quest/pheasant…](https://t.co/Z6bYEPP2uo)  
  
Begin our great journey to Taiko and earn $USDC, Pheasant XPs, and Taiko Points all at the same time!!![🐦](https://abs-0.twimg.com/emoji/v2/72x72/1f426.png)![💨](https://abs-0.twimg.com/emoji/v2/72x72/1f4a8.png)

![](https://storage.googleapis.com/papyrus_images/248e48d6be3b0910fa4b72e1e6c8f8946f35de66b8a3b1a7907678cb0fc96352.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 123](https://twitter.com/PheasantNetwork/status/1805542674726109371)[

5:04 AM • Jun 25, 2024

](https://twitter.com/PheasantNetwork/status/1805542674726109371)

[![User Avatar](https://storage.googleapis.com/papyrus_images/4b04ab37f1f9556d030e20c524150736ada67af056a693b39244d0dc41e40abd.jpg)](https://twitter.com/PheasantNetwork)

[Pheasant Network🪽](https://twitter.com/PheasantNetwork)

[@PheasantNetwork](https://twitter.com/PheasantNetwork)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PheasantNetwork/status/1808099081199538643)

Pheasant Voyage—Flight to [@taikoxyz](https://twitter.com/taikoxyz) "Week 2: Social Week" has begun!![🚀](https://abs-0.twimg.com/emoji/v2/72x72/1f680.png)  
  
![📍](https://abs-0.twimg.com/emoji/v2/72x72/1f4cd.png)[app.galxe.com/quest/pheasant…](https://t.co/tx5RLaD1oX)  
  
Dive into the community of fascinating projects in the Taiko ecosystem! Earn massive amounts of Pheasant XPs![🪂](https://abs-0.twimg.com/emoji/v2/72x72/1fa82.png)

![](https://storage.googleapis.com/papyrus_images/9d2aa9d7d7257f06c8c7f40352803061cc28a9ad353030a27338db6b746f4c60.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 60](https://twitter.com/PheasantNetwork/status/1808099081199538643)[

6:23 AM • Jul 2, 2024

](https://twitter.com/PheasantNetwork/status/1808099081199538643)

### Updated Icon

Our social media icons now feature our green brand color as backgrounds, enhancing our visual identity. This update helps our presence stand out and makes it easier for people to identify us across platforms. You can check out our updated icons on [X](https://x.com/PheasantNetwork), [Discord](https://discord.gg/pRYSEUVERT), and [Telegram](https://t.me/pheasant_network) to see our new appearance.

Other Development Updates
-------------------------

Our latest progress includes the following:

*   Development of canonical website V3
    
*   Addition of explorer URLs for destination networks
    
*   Galxe API development
    
*   Publication of TaskOn community page
    

Product Metrics
---------------

*   Number of Monthly Transactions: 6,395
    
*   Value of Monthly Transactions: 1019.399 ETH
    
*   Number of Active Wallets: 4,104
    
*   Community Member Count (across X, Discord, and Galxe combined): 173,057
    

![Note that some networks are not tracked by DappRadar: https://dappradar.com/multichain/defi/pheasant-network](https://storage.googleapis.com/papyrus_images/5bf4a55335299d1e808eaffa72fcaf5a7b7d7494e2532920162f9c42e5a5e0d8.png)

Note that some networks are not tracked by DappRadar: https://dappradar.com/multichain/defi/pheasant-network

Network Share
-------------

![As of the last week of May](https://storage.googleapis.com/papyrus_images/852eb8a20f70789e62fbf261745b708f1d98f7843647e1140384086409300417.png)

As of the last week of May

CEO’s Comment
-------------

In June, we observed an increase in transaction volume on Taiko, whose mainnet we integrated in May. Currently, most transactions on Pheasant Network, including those involving Taiko, occur between Layer 2 networks—a trend we expect to continue. We believe our value as a third-party bridge project lies in connecting separate Layer 2 and Layer 3 networks, as canonical bridges provided by Layer 2 networks primarily connect Layer 1 to their respective Layer 2 networks. With the anticipated growth in the number of Layer 2 and Layer 3 networks, we aim to demonstrate our full potential.

Regarding the overall crypto market, there is a sense that it is entering a bearish phase. However, we believe that a bear market is the optimal time to advance our development diligently and patiently, without the distractions of market hype, especially for infrastructure projects like ours.

---

*Originally published on [Pheasant Network](https://paragraph.com/@pheasant-network/pheasant-bird-s-eye-recap-june-2024)*
