AP

API3

API3
OracleRank #99Ethereum

$81.33

-7.40%24h
+5.12%7d

Market Cap

$8.06B

Volume 24h

$277.47M

Vol / Market Cap

3.44%

Rank

#99

API3 Price Chart

About API3

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

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

How It Works

A protocol that allows decentralized applications to connect to traditional Web APIs without using "third-party" oracles. It allows API providers to run their own nodes, making the data feed more direct and secure.

Use Cases

Direct API Connectivity: Used for governance of a protocol that connects smart contracts directly to official data sources (APIs) without needing third-party oracles.

Tokenomics

First-Party Oracles: Used for governance of the API3 DAO. It allows API providers to run their own "Airnodes," sending data directly to smart contracts without needing a third-party middleman like Chainlink.

Risks & Considerations

Oracle niche is dominated by a single player; faces difficulty in gaining market share for decentralized data.

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