Ambient Bolsters Pyth's Price Feeds with Decentralized Exchange Expertise

The Pyth Network has integrated Ambient, a decentralized exchange protocol, to enhance its real-time price feeds. Ambient's concentrated and ambient constant-product liquidity pools will contribute data to the Pyth Network, improving its data quality and security for Web3 developers. This collaboration is part of Pyth's ongoing efforts to provide accurate and timely financial data for on-chain applications, facilitating trade volume of over $100 billion and supporting more than 50 blockchains.

Is Ambient the Key to Enhancing Pyth's Price Feeds?

The Pyth Network, a leading provider of real-time price feeds for Web3 developers, has welcomed Ambient, a decentralized exchange protocol, to its data provider community. Ambient's expertise in automated market making and its unique combination of liquidity pools are expected to elevate the quality and security of Pyth's data, empowering Web3 developers worldwide.

What's Ambient's Secret Sauce?

Ambient's success in the DeFi space stems from its innovative approach to liquidity management. By blending concentrated and ambient constant-product liquidity pools, Ambient ensures efficient pricing for blockchain assets. Its deep and liquid pools have attracted over $50 million in TVL and facilitated $650 million in transaction volumes across platforms like Blast, Scroll, Ethereum, and Canto.

Pyth's Expanding Data Ecosystem

Pyth's collaboration with Ambient is the latest in a series of strategic partnerships aimed at expanding its data ecosystem. In January, Pyth integrated with the Filecoin Virtual Machine, enabling both Web2 and Web3 entities to access financial data. Pyth now boasts over 80 market participants, including heavyweights like Jane Street, CBOE, Binance, OKX, and Bybit.

Data Integrity at the Core

With over $2 billion in value secured in under a year, Pyth's commitment to data integrity is unwavering. Its network provides over 400 real-time price feeds across commodities, stocks, FX, cryptocurrencies, and ETFs. This high-fidelity data supports more than 50 blockchains and facilitates trade volumes exceeding $100 billion.

Bridging the On-Chain Gap

Pyth's data feeds bridge the gap between on- and off-chain events, providing crypto desks and trading exchanges with the accurate and real-time data they need. By leveraging high-frequency financial market data, Pyth empowers applications with the insights they need to make informed decisions, fostering the growth of the Web3 ecosystem.