API3
API3

API3 price

$1.3490
+$0.0020000
(+0.14%)
Price change from 00:00 UTC until now
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API3 market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$157.14M
Circulating supply
116,489,391 API3
Market cap ranking
146
24h high
$1.3860
24h low
$1.3180
All-time high
$10.8000

API3 price performance in USD

The current price of API3 is $1.3490. Since 00:00 UTC, API3 has increased by +0.15%. It currently has a circulating supply of 116,489,391 API3 and a maximum supply of 141,873,926 API3, giving it a fully diluted market cap of $157.14M. At present, API3 holds the 146 position in market cap rankings. The API3/USD price is updated in real-time.
Today
$0.0020000
+0.14%
7 days
-$0.25700
-16.01%
30 days
$0.042000
+3.21%
3 months
-$0.39900
-22.83%

About API3 (API3)

3.7/5
Certik
3.9
10/05/2024
CyberScope
4.1
10/06/2024
TokenInsight
3.0
11/15/2022
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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In the world of technology, application programming interfaces (API) play a crucial role in facilitating interactions between software applications and the exchange of data. However, traditional APIs are centralized and rely on trust in a central authority. API3 introduces a blockchain protocol that enables the creation of decentralized APIs. By leveraging the transparency and security of blockchain technology, API3 aims to revolutionize how APIs are built and utilized in the tech industry.

What is API3

API3 is a blockchain protocol that aims to bridge the gap between smart contracts and real-world data by providing secure and reliable data feeds through decentralized APIs (dAPIs). By eliminating the need for intermediaries and relying on a decentralized network, API3 ensures the integrity and trustworthiness of the data utilized by smart contracts.

Scalability and effective governance are key pillars of the API3 ecosystem. Token holders have the power to actively participate in decision-making by staking their API3 tokens in the dedicated staking pool. This ensures that the network remains secure and transparent, while also incentivizing token holders to contribute to the network's growth and success.

The API3 team

API3 owes its inception to a talented and visionary team of individuals. Heikki Vanttinen, the founder and CEO of CLC Group, a prominent blockchain lab, played a pivotal role in bringing API3 to life. Burak Benligiray, the former CTO of CLC Group, has also made significant contributions to the development of the API3 protocol. With his deep understanding of ChainAPI, Burak brings invaluable insights and technical expertise to the team. Completing the trio is Saša Milić, a distinguished lecturer at the University of Toronto. 

How does API3 work

API3's decentralized APIs are at the forefront of data aggregation innovation, revolutionizing the way information is sourced and utilized. Unlike traditional approaches that rely on intermediaries, API3's unique approach directly connects with first-party data providers, ensuring greater transparency and mitigating the risk of data manipulation by third parties.

By eliminating intermediaries, API3 not only enhances the integrity and reliability of the data but also increases efficiency and reduces costs. The direct integration with first-party data sources allows for real-time and accurate data access, enabling developers and applications to make informed decisions and provide users with reliable information.

The API3 decentralized autonomous organization (DAO) assumes the vital role of overseeing the management of API3’s dAPIs, while concurrently establishing decentralized governance. Through this decentralized governance model, dAPIs can operate with heightened transparency and significantly reduce the vulnerability associated with centralized points of failure.

First-party oracles and airnode

API3 sets itself apart from other oracle projects by utilizing first-party oracle nodes instead of relying on third-party intermediaries. This innovative approach is made possible through Airnode, which empowers API providers to transform their APIs into decentralized APIs. By decentralizing data feeds at their original sources, Airnode eliminates the need for intermediary nodes and enables direct data access for decentralized applications (dAapp).

API3’s native token: API3

API3 is the native token of the API3 protocol, serving a variety of use cases. 

API3 tokenomics

There are 84,776,283 API3 tokens in circulation at the moment. This represents about 68 percent of its total supply, which is 125,324,588 tokens. API3 has no maximum supply. This means that the protocol may increase its total supply based on governance votes. 

API3 use cases

API3 token holders can stake their tokens and earn interest through the staking pools. By staking their tokens, users contribute to the network's security and decentralization and become eligible to receive a share of the revenue generated by the dAPIs.

In addition to staking rewards, the dAPI network plans to introduce a subscription model for dApps. This means that developers and users can access the data provided by the dAPIs through a subscription cost. Data suppliers contributing their data to the API3 network will be compensated in API3 tokens. 

Finally, token holders can also participate in the governance of the API3 ecosystem by voting on key decisions. This ensures that the interests of the token holders are aligned with the project's.

Distribution of API3

API3's tokenomics underwent updates in 2020 and may continue to evolve based on the team's assessment and requirements. It is important to note that API3 does not have a maximum supply, which means that the total number of API3 tokens in circulation may increase over time.

During the launch of API3, 15 million tokens were allocated to pre-seed and seed investors. Another 20 million tokens were reserved for the token's initial coin offering (ICO). The founding team received 30 million API3 tokens, and 10 million tokens were given to partners and contributors. Additionally, 25 million API3 tokens were allocated to an ecosystem fund.

What does the future hold for API3

API3 revolutionizes the data oracle landscape by eliminating middlemen and enabling data providers to run their own nodes. This transparent and efficient ecosystem attracts more data providers, enhancing the availability and reliability of blockchain data. With decentralized governance and a robust DAO, API3 ensures that decision-making power is distributed among token holders, fostering collaboration and network integrity. By democratizing access to information and providing a trusted infrastructure, API3 facilitates seamless integration of real-world data into dApps, driving innovation in the blockchain space.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 555 new posts about API3, driven by 63 contributors, and total online engagement reached 50K social interactions. The sentiment score for API3 currently stands at 79%. Compared to all cryptocurrencies, post volume for API3 currently ranks at 2127. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of API3.
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Posts
555
Contributors
63
Interactions
50,218
Sentiment
79%
Volume rank
#2127

X

Posts
494
Interactions
49,559
Sentiment
80%

API3 FAQ

What is API3 used for?

API3 provides a solution for integrating real-world data into blockchain applications using API connectivity, ensuring seamless and standardized data integration

What is the role of oracles in the API3 ecosystem?

Oracles play a crucial role in the API3 ecosystem by providing secure and reliable data feeds to decentralized applications (dApps). API3 takes a unique approach by leveraging first-party oracles, which directly source data from trusted and authoritative data providers. These first-party oracles ensure the accuracy and integrity of the data, as it is obtained directly from the source without relying on intermediaries. By eliminating third-party manipulation and enhancing transparency, API3's first-party oracles contribute to building a more robust and trustworthy data infrastructure for blockchain applications.

Where can I buy API3?

Easily buy API3 tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include API3/USDT.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for API3 with zero fees and no price slippage by using OKX TR Convert.

How much is API3 worth today?
Currently, one API3 is worth $1.3490. For answers and insight into API3's price action, you're in the right place. Explore the latest API3 charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as API3, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as API3 have been created as well.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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