API3
Current price
$0.2775
−7.35%24h
LiveUpdated 35s ago
TodayAPI3 drops 7.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.72%
- 24 hours−7.35%
- 7 days−7.81%
- 30 days+19.36%
- 1 year−58.61%
API3's move in context
Lagging the market today
−7.35% today against −3.26% for the market as a whole, a gap of 4.1 points. A gap this wide suggests something specific to API3 may be moving it, not just the market mood.
Trend has turned
−7.8% over 7 days and +19.4% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About API3
Overview
API3 is a next-generation cryptocurrency project designed to connect traditional API services with blockchain ecosystems, primarily through the development and deployment of decentralized APIs, also known as dAPIs. The core mission of API3 is to enhance the utility and accessibility of data from real-world sources to blockchain applications, specifically to decentralized applications (dApps) and smart contracts. Unlike conventional blockchain oracle systems that require intermediaries, API3 provides a direct connection using first-party oracles, reducing potential points of failure and promoting greater transparency and security. The API3's native token, API3, governs the decentralized autonomous organization (DAO) that manages the development and allocation of resources for the network.
Technical Features
API3 employs a range of advanced technical features to ensure efficiency, security, and scalability. The project leverages first-party oracles, where API providers can run their nodes and directly supply data to smart contracts. This setup eliminates the need for third-party intermediaries and enhances trust in the data provided. API3's security model is reinforced through data transparency, on-chain security audits, and staking mechanisms to compensate users in the case of service failures. The consensus mechanism does not rely on traditional Proof of Work or Proof of Stake but revolves around DAO governance, where stakeholders vote on proposals surrounding the development and deployment of the network. The network architecture includes multiple smart contracts and frameworks that ensure timely and accurate data delivery to requesting dApps.
Use Cases
The primary use cases of API3 revolve around its role in decentralized finance (DeFi), enabling a variety of dApps to access accurate off-chain data. By facilitating secure and reliable connections to external data sources, API3 empowers DeFi protocols to reliably obtain data such as price feeds, weather data, and event outcomes, thus enabling more complex and valuable financial products. Beyond DeFi, API3 supports governance functions within its DAO, enabling API providers, developers, and users to have a say in the evolution of the network. API3 token holders can actively participate in proposing and voting on changes that affect network operations.
Development Background
API3 was conceptualized and launched to address the shortcomings of third-party oracle solutions in the realm of smart contracts. It was first introduced to the public in 2020, with its development spearheaded by a team of blockchain experts and enthusiasts led by founders Heikki Vänttinen and Burak Benligiray. The project has since attracted a wide range of partners and contributors dedicated to enhancing its design and outreach. Initial funding for API3 was secured through a strategic token sale, which enabled it to develop its DAO governance model and foster a vibrant community around its mission.
Community and Ecosystem
API3's community is a critical component of its success and sustainability. It comprises developers, investors, and enthusiasts who are actively involved in governance decisions via API3's DAO. The DAO orchestrates the collaboration between API providers and blockchain platforms, ensuring seamless integration and operation. API3 has established numerous partnerships with leading blockchain ecosystems and data providers, elevating its reach and functionality. Various projects within the API3 ecosystem leverage its API solution to enhance their decentralized applications, creating a symbiotic environment where participants mutually benefit from each other’s advancements.
Future Potential
The future potential of API3 is anchored in its ability to further decentralize and streamline access to real-world data for blockchain applications. With ongoing technological advancements, API3 aims to expand its repertoire of supported dAPIs and foster new partnerships with API providers across diverse industries. Upcoming developments on API3's roadmap include enhancements to data integrity, expansion of governance mechanisms, and interoperability protocols that would facilitate seamless cross-chain interactions. Given these strategic efforts, coupled with growing interest in DeFi and oracle solutions, API3 is poised to significantly impact the blockchain landscape, enhancing data accessibility and influencing the development of innovative dApps.
API3 market
- Position by market cap among the coins we track.
- #258
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $37.8M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.2752High $0.3021
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $10.30
- Now 3% of itReached 7 Apr 2021 · Needs +3,612% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 136.21M API3
- 105% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 188.17M API3
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 129.42M API3
- The most coins that can ever exist. Some coins have no limit.
API3 converter
1 API3 = $0.2775
