Pyth Network Expands Data Ecosystem with Addition of Ambient DEX Protocol

The Pyth Network's Newest Addition: Ambient

What's the Buzz?

The Pyth Network, known for its reliable real-time price feeds, has welcomed a new data provider: Ambient. Formerly known as CrocSwap, Ambient is poised to shake up the ecosystem with its decentralized exchange (DEX) protocol capabilities.

Ambient's Unique Approach to AMMs

How Does It Work?

Ambient stands out with its two-sided Automated Market Makers (AMMs), combining concentrated and ambient constant-product liquidity for any blockchain asset pair. This innovative approach promises to enhance the quality and security of Pyth Price Feeds, benefiting Web3 developers worldwide.

Bridging the Gap

What's the Impact?

The integration of Ambient into the Pyth Network bridges the divide between traditional financial data and on-chain assets. By bringing real-time price data from leading DEXs like Blast and Scroll, this collaboration underscores a shared commitment to enhancing security, efficiency, and transparency in financial data on blockchain platforms.

Doug Colkitt, Founder of Ambient Finance, on the Partnership

What's the Rationale?

"We are excited to leverage our market data to support the Pyth Network ecosystem," said Doug Colkitt. "By providing pricing data from our deep, liquid pools, we aim to increase security, efficiency, and transparency in financial data on-chain."

A Closer Look at Ambient

What Sets It Apart?

Formerly CrocSwap, Ambient has emerged as a cutting-edge DEX protocol. Its innovative approach to AMMs allows for two-sided transactions that combine concentrated and ambient constant-product liquidity. This approach enhances efficiency and liquidity.

Efficient Design

What's the Advantage?

Ambient operates its entire DEX within a single smart contract, making it one of the most efficient Ethereum-based DEXs. Since its launch in 2023, it has been implemented on platforms like Blast, Scroll, Ethereum, and Canto, attracting over $50 million in Total Value Locked (TVL) and enabling over $650 million in trading volumes.

The Pyth Network and Ambient: A Collaborative Force

What's the Significance?

The partnership between Ambient and the Pyth Network highlights the evolving landscape of blockchain technology and its increasing convergence with traditional financial systems. Unique price data providers like Ambient play a vital role in the Pyth Network's mission, ensuring continuous access to accurate, real-time price data for smart contract developers on various blockchain platforms.

A Milestone for Web3

What's the Future?

This collaboration marks a significant milestone in the development of the Web3 ecosystem. By providing developers with the tools they need, the Pyth Network and Ambient are poised to foster innovation and growth within the blockchain community, benefiting users and developers alike.