API3's Current Market Performance
API3's current price stands at $0.6056**, with a **24-hour trading volume of $9.12 million. The token maintains a stable 24-hour change (+0.00%). The circulating supply is 86.42 million API3 tokens, with a maximum supply capped at 149.21 million.
What Is API3?
API3 pioneers first-party oracles that redistribute value to decentralized application (dApp) builders. By connecting data providers directly to smart contracts, it eliminates intermediaries while enhancing transparency and security.
Key Innovations
- First-Party Oracle Model
Data providers operate their own on-chain oracles, removing third-party risks and improving data provenance. - OEV Network
Recaptures Oracle Extractable Value (OEV)—value typically lost to MEV bots—and returns it to dApps through the oracle layer. Currently supports 150+ asset feeds across 43+ chains. - dAPIs (Decentralized APIs)
On-chain aggregated APIs sourced directly from first-party providers, designed for easy integration. - DAO Governance
Community-driven protocol upgrades and funding decisions via decentralized governance.
Getting Started with API3
- Api3 Market: Browse live feeds at market.api3.org.
- Documentation: Developer guides and integration examples.
- OEV Rewards: Integrate the OEV Network to reclaim protocol-generated value.
- DAO Participation: Contribute to governance proposals.
Use Cases
- DeFi Protocols: Secure price feeds that reduce MEV exposure and distribute OEV rewards.
- Real-World Data dApps: Prediction markets, synthetics, and automation tools with verifiable data sources.
👉 Why API3's First-Party Model Matters
FAQ Section
Q1: How does API3 differ from Chainlink?
A1: API3 uses first-party oracles operated by data providers themselves, eliminating third-party nodes and recapturing OEV at the oracle level.
Q2: What chains support API3’s OEV Network?
A2: Over 43 chains, including Ethereum, Arbitrum, and Polygon.
Q3: How can dApps earn from OEV?
A3: By integrating API3’s oracles, protocols automatically reclaim value that would otherwise leak to MEV bots.
Q4: Is API3’s supply inflationary?
A4: No. The max supply is fixed at 149.21 million tokens.
Conclusion
API3 redefines oracle infrastructure by aligning economic incentives with dApp success. Its first-party model and OEV recapture mechanisms enable builders to create more efficient, value-retentive decentralized applications.
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