From Investing.com:

The Pyth Network welcomes Ambient, a decentralized exchange protocol, as a new data provider, enhancing real-time price feeds for Web3 developers. Ambient’s liquidity pools add value to the network, ensuring data quality and security. With $50 million TVL and $650 million transaction volumes, Ambient brings experience and expertise to the partnership.

Ambient Finance Founder, Doug Colkitt, expresses excitement about contributing pricing data to Pyth Network. The partnership aims to boost network security, efficiency, and transparency in financial data on-chain. This move aligns with Ambient’s commitment to supporting decentralized finance and enhancing data accessibility for all stakeholders in the ecosystem.

Pyth Network’s partnership with Ambient follows its integration with Virtual Machine technology earlier this year. The collaboration expands access to financial data for both Web2 and Web3 entities. Pyth currently collaborates with 80+ market participants, including industry giants like Jane Street, Binance, and CBOE, establishing itself as a reliable source of financial information.

With $2.0 billion secured in less than a year, Pyth Network provides over 400 real-time price feeds across various asset categories, including commodities, stocks, FX, and cryptocurrencies. Its infrastructure supports 50+ blockchains, facilitating a trade volume exceeding $100 billion, serving as a crucial bridge between on- and off-chain events in the financial marketplace.

Pyth Network addresses the critical need for accurate and timely financial data with high-fidelity feeds. Its platform plays a vital role in supporting crypto desks and trading exchanges by providing accurate, real-time data essential for smart contracts across diverse blockchain platforms. Pyth’s commitment to data accuracy and accessibility underscores its importance in the evolving financial landscape.



Read more at Investing.com: Pyth Network taps Ambient as data provider to boost Web3 price feeds By Investing.com