Api3

About Api3

API3 (API3) is a decentralized oracle network launched in 2020 on the Ethereum blockchain. Unlike third-party oracle solutions, API3 enables API providers to operate their own first-party oracles, eliminating intermediaries and improving data reliability and transparency. A key feature is its Oracle Extractable Value mechanism, which captures and redistributes value generated through oracle operations back to participants. API3 is governed by a decentralized autonomous organization, giving token holders direct control over the protocol. It serves as the foundation for connecting real-world data to smart contracts across decentralized applications.