Current API3 Market Overview
API3's current price is $0.6025 USD** with a 24-hour trading volume of **$9.01 million. The token maintains a stable value with 0.00% price change over the past day. Its circulating supply stands at 86.42 million API3 tokens, against a maximum supply cap of 149.21 million.
What Is API3?
API3 revolutionizes blockchain oracles by enabling first-party data providers to operate their own node infrastructure, eliminating intermediaries. This decentralized approach delivers:
- Enhanced transparency: Direct sourcing of real-world data
- OEV recapture: Innovative Oracle Extractable Value (OEV) redistribution
- dApp profitability: Protocols retain generated value instead of losing it to MEV bots
👉 Discover how API3's OEV Network transforms DeFi economics
API3's Technological Breakthroughs
Core Components
- First-Party Oracles
Data providers run autonomous nodes without third-party operators, ensuring end-to-end security. Decentralized APIs (dAPIs)
Aggregated, on-chain verifiable data feeds with simple integration:// Sample dAPI integration code const priceFeed = await dAPI.getLatestValue("ETH/USD");OEV Network
Recaptures $43M+ daily MEV value across 43+ blockchains through:- Protocol-native OEV auctions
- Value redistribution to dApps
- 150+ active asset feeds
- DAO Governance
Community-driven protocol upgrades via transparent voting.
Getting Started with API3
| Step | Action | Resource |
|---|---|---|
| 1 | Explore data feeds | API3 Market |
| 2 | Review integration docs | Developer Portal |
| 3 | Claim OEV rewards | OEV Network Dashboard |
| 4 | Join governance | API3 DAO Forum |
API3 Use Cases
DeFi Lending Protocols
- Tamper-proof price feeds reduce MEV risks by 62%
- Direct OEV rebates improve protocol revenue
Cross-Chain dApps
- Unified data across EVM/non-EVM chains
- Gas-efficient oracle calls
FAQs
Q: How does API3 differ from Chainlink?
A: API3 eliminates middlemen by enabling data providers to operate nodes directly, while Chainlink relies on third-party node operators.
Q: What tokens can I use to pay for API3 services?
A: All payments are processed in API3 tokens, with ETH wrappers available for EVM chains.
Q: How are OEV rewards calculated?
A: Rewards scale with dApp usage and MEV recapture efficiency, typically ranging from 5-15% of extracted value.
👉 Learn advanced API3 integration strategies
Conclusion
API3 pioneers profit-sharing oracles that empower Web3 builders to:
- Capture leaked MEV value
- Deploy ultra-reliable data feeds
- Earn revenue from oracle services
With 86% of new DeFi protocols adopting API3's OEV solutions, the project is redefining blockchain's data layer economics. Developers can now turn oracles from cost centers into profit centers through provably fair value redistribution.