TL;DR
- Ambient joins Pyth Network as a data provider. Enabling Blast and Scroll DEX to provide real-time price data for on-chain assets.
- This partnership will strengthen the integrity and security of data in Pyth Price Feeds. Enhancing the experience of Web3 developers worldwide.
- Ambient’s innovative liquidity fusion, coupled with its success on platforms like Blast, Scroll. Ethereum, and Canto, highlights its vital role in the DeFi ecosystem and its contribution to its growth.
Ambient, a decentralized exchange protocol (DEX), has announced its integration as a data provider on the Pyth Network. This partnership represents a significant milestone in the decentralized finance (DeFi) landscape, as it will allow Blast and Scroll DEX platforms to provide real-time price data for on-chain assets.
With Ambient included in the Pyth Network, it is expected that the integrity and security of data in Pyth Price Feeds will be strengthened. Thereby improving the experience of Web3 developers worldwide. Doug Colkitt, founder of Ambient Finance, expressed enthusiasm for this collaboration. Highlighting the potential to increase security, efficiency, and transparency in on-chain financial data.
There’s Pyth Data all around you 🔮
Today, the Pyth Network welcomes @ambient_finance as the newest data provider to the oracle network.
Launched in 2023, Ambient has become a leading DEX on @Blast_L2, @Scroll_ZKP, @ethereum, and @CantoPublic.
Learn more about our partnership… pic.twitter.com/Zs77fLXcpz
— Pyth Network 🔮 (@PythNetwork) March 25, 2024
Ambient, formerly known as CrocSwap, offers an innovative approach by merging concentrated and ambient liquidity in two-sided Automated Market Makers (AMMs) for a variety of blockchain assets. The platform operates with a singular smart contract and lightweight AMM pools. Making it the most efficient Ethereum-based DEX to date.
Ambient: The Most Efficient in the Sector
The adoption of Ambient on platforms like Blast, Scroll. Ethereum, and Canto has been notable. With a total of over $50 million in total value locked (TVL) and transactions worth $650 million. This success underscores the importance of the protocol as a reliable data provider and its role in the growth of the DeFi ecosystem.
As for Pyth Network, the inclusion of data providers like Ambient is essential to ensure smooth access to real-time price data for smart contract developers in diverse blockchain ecosystems. This data is crucial for a variety of decentralized financial applications, from trading to traditional finance and beyond.
The partnership between Ambient and Pyth represents a step forward in the evolution of DeF. Bringing greater security and transparency to on-chain financial data. With Ambient in its arsenal. Pyth Price Feeds are more prepared than ever to meet the needs of Web3 developers and promote the adoption of DeFi worldwide.
