API3
API3$81.33
Market Cap
$8.06B
Volume 24h
$277.47M
Vol / Market Cap
3.44%
Rank
#99
API3 Price Chart
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.
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.
Direct API Connectivity: Used for governance of a protocol that connects smart contracts directly to official data sources (APIs) without needing third-party oracles.
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.
Oracle niche is dominated by a single player; faces difficulty in gaining market share for decentralized data.
