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What Is API3 (API3)?
API3 aims to enable the creation, management, and monetization of decentralized APIs at scale. As blockchain technology becomes increasingly integral to various sectors—such as decentralized finance and supply chain management—the project emphasizes the need for smart contracts to access accurate, real-time data from the real world.
The API3 whitepaper, released in 2020, highlights a key issue with current APIs: connectivity. Smart contracts currently lack a direct way to connect with APIs for up-to-date information, which has led to a growing reliance on oracles.
While oracles have partially addressed this challenge, they introduce middleware between APIs and smart contracts, increasing costs and centralization. API3 seeks to resolve this by allowing API providers to run their own nodes, eliminating the need for intermediaries.
The API3 token launched following a successful token sale, though no specific financial details are disclosed here.
Who Are the Founders of API3?
What Makes API3 Unique?
How Many API3 (API3) Coins Are There in Circulation?
How Is the API3 Network Secured?
Where Can You Buy API3 (API3)?
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API3 Price Live Data
API3 (API3) is a promising project making strides in adoption, utility, and developer interest. The current market valuation places API3 at $0.75 per token, reflecting a 5.91% higher decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the API3 ecosystem. Investor engagement with API3 remains neutral, with $32,441,010.458 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights API3's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding API3's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://api3.org/.
