AP

API3

API3
OracleRank #99Ethereum

$147.17

-6.49%24h
-5.91%7d

Market Cap

$8.06B

Volume 24h

$584.77M

Vol / Market Cap

7.26%

Rank

#99

API3 Price Chart

About API3

API3 is a decentralized oracle project enabling direct data feeds for smart contracts.

What Is API3? API3 is a decentralized oracle project that enables smart contracts to access real-world data directly from API providers.

How It Works

A decentralized oracle protocol that allows API providers to deliver data directly to smart contracts without relying on third-party oracle intermediaries.

Use Cases

Direct API Connectivity: Used for governance of a protocol that connects smart contracts directly to official data sources without third-party oracle intermediaries.

Tokenomics

First-Party Oracles: Used for governance of the API3 DAO, enabling API providers to run Airnodes that deliver first-party data directly to smart contracts without third-party oracle intermediaries.

Risks & Considerations

Oracle niche is dominated by a leading player; difficult to gain share in decentralized data markets.

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