API3-based oracle project celebrates a significant milestone as its Total Value Secured (TVS) exceeds $1 billion, marking a tenfold increase in just 100 days. This achievement highlights the growing trust and adoption of API3’s oracles within the blockchain community. Currently, API3 is safeguarding the digital asset security of 20 different protocols.
The soaring success of API3 has propelled it to reach the $1 billion TVS mark, representing a remarkable growth spurt in less than 100 days. API3 is revolutionizing the oracle landscape with its developer-centric approach. Their first-party oracle framework is designed to accommodate a rollup-centric future, allowing for rapid expansion across various blockchain networks.
In a recent development, INIT Capital has raised $149 million by leveraging API3’s developer-friendly oracles. Among the 20 protocols secured by API3, Pac Finance from Blast DeFi stands out with 52.1% of the total TVS, amounting to $521 million. Additionally, INIT Capital has contributed $149 million through API3, further solidifying the platform’s credibility.
By prioritizing developers, API3 is reshaping the oracle sector. Their rollup-based architecture enables horizontal scaling to different blockchains and facilitates vertical partnerships to foster new ecosystems. As blockchain technology evolves into intricate networks of protocols and applications, API3’s oracles are poised to become a trusted data-provisioning hub for diverse platforms.
The API3 oracle stack is tailored to meet developers’ requirements, offering user-friendly solutions that require minimal implementation effort, open access without stringent approvals, and compatibility with existing code and infrastructure. The API3 Market is emerging as a premier source for on-chain data feeds, empowering developers to subscribe to a wide range of data feeds effortlessly and accelerate innovation. With a focus on developers’ needs and a commitment to stable, scalable solutions, API3 is making significant strides in the blockchain oracle space.
The continuous rise in Total Values Secured underscores API3’s effectiveness as a crucial tool for developers in creating new blockchain projects. By providing essential and valuable services, API3 solidifies its position as a cornerstone of innovation in the blockchain ecosystem.