API3 has made a significant move in the blockchain and decentralized applications (dApps) space by officially launching its Oracle Stack on the Astar Network zkEVM. This integration is a game-changer for developers, as it provides them with powerful tools to enhance their applications and contribute to a more interconnected and efficient blockchain ecosystem.
The introduction of API3’s Oracle Stack on the Astar Network zkEVM opens up vast opportunities for builders within the crypto space. With access to over 180 decentralized data feeds (dAPIs) from the API3 Market, developers now have unprecedented access to a wide range of reliable and secure data sources. These dAPIs cover various domains, including cryptocurrencies, forex, equities, and commodities, ensuring that applications can tap into a diverse range of real-world data.
One of the most exciting developments is the upcoming launch of the OEV Network, which promises to revolutionize how protocols interact with Miner Extractable Value (MEV). This network will allow dApps to operate more securely and profitably by recapturing protocol MEV and turning it into an advantage.
The Astar Network zkEVM is an innovative Ethereum Layer 2 scaling solution that combines the best features of EVM and Wasm. This technology offers interoperability, future-proofing, fast finality, and reduced transaction fees, all while maintaining strong security standards. For dApp developers, this means the ability to operate more efficiently and cost-effectively.
The zkEVM improves how decentralized applications interact with the blockchain. Applications on this platform can easily access verifiable and decentralized data maintained on-chain without the need for additional infrastructure. This simplification is made possible by oracle nodes operated directly by data providers, ensuring transparency of sources and eliminating the need for intermediaries.
API3’s expansion into the Astar Network zkEVM is not just a technical integration; it is about building an ecosystem that supports the long-term growth and sustainability of decentralized applications. By providing easy access to its dAPIs through the API3 Market, API3 not only supports developers but also nurtures the broader blockchain community.
Developers interested in leveraging these advanced capabilities can easily navigate the API3 Market to find and manage the data feeds necessary for their applications. The integration of the OEV Network will further enhance these capabilities, providing a comprehensive solution for dApps to operate autonomously and profitably.