Decentralized Exchange Protocol Ambient Joins Pyth Network
Ambient, a decentralized exchange protocol (DEX), has recently partnered with Pyth Network to provide real-time price data to Blast and Scroll DEX for on-chain assets. This collaboration aims to enhance data integrity and security for Web3 developers worldwide.
Ambient: A Brief Overview
- Ambient, formerly known as CrocSwap, combines concentrated and ambient constant-product liquidity in two-sided Automated Market Makers (AMMs) across various blockchain assets.
- The platform operates within a single smart contract, offering lightweight AMM pools for increased efficiency on the Ethereum (ETH) blockchain.
Benefits for Pyth Network
- Ambient, with over $50 million in total value locked (TVL) and $650 million in transactions, provides unique price data that strengthens Pyth Price Feeds.
- Data providers like Ambient play a crucial role in ensuring reliable real-time price data for smart contract developers in different blockchain ecosystems.
Hot Take: Empowering Data Integrity in DeFi Space ๐
Collaborations between decentralized exchange protocols like Ambient and data providers such as Pyth Network signify a crucial step in fortifying data integrity and security within the decentralized finance (DeFi) space. By leveraging market data and innovative technologies, these partnerships pave the way for enhanced transparency, efficiency, and trustworthiness in on-chain financial operations. As the DeFi landscape continues to evolve, the integration of reliable price feeds and data sources remains integral to fostering a robust and sustainable ecosystem for developers and users alike.
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