The oracle project based on API3 has proudly announced that its Total Value Secured (TVS) has exceeded $1 billion, marking a tenfold growth in just 100 days. This achievement reflects the increasing confidence and adoption of API3’s oracles by various blockchain projects. At present, API3 is safeguarding the digital asset security of 20 different protocols.
The recent milestone of surpassing $1 billion in TVS is a cause for celebration. This remarkable growth within a short period of time highlights API3’s commitment to revolutionizing the oracle landscape with a developer-first approach. Their first-party oracle architecture is designed to adapt to a rollup-centric future, allowing for rapid horizontal expansion to different blockchain networks.
A recent development has seen INIT Capital raising $149 million by leveraging API3’s developer-friendly oracles. Among the 20 protocols being secured, Pac Finance from the Blast DeFi project holds the majority share of 52.1%, amounting to $521 million. Additionally, INIT Capital has contributed $149 million through API3, underscoring the growing appeal of API3’s innovative solutions.
By prioritizing the needs of developers, API3 is fundamentally changing the dynamics of the oracle space. Their architecture, based on rollups, enables seamless horizontal scaling across various blockchains and vertical integrations with new ecosystems. As the blockchain industry evolves into a complex network of protocols and applications, API3’s oracles are poised to become a trusted source of data for diverse platforms.
The API3 oracle stack is meticulously crafted to cater to developers’ requirements. It offers user-friendly solutions that are easy to integrate, with open access that eliminates the need for extensive approvals or infrastructure modifications. As the API3 Market emerges as a hub for on-chain data feeds, developers can access a wide range of information swiftly, fostering innovation and rapid development.
The increasing Total Values Secured by API3 demonstrate its effectiveness as a crucial tool for developers, contributing to the creation of new blockchain projects. With a focus on providing stable and scalable solutions tailored to developers’ needs, API3 is establishing itself as a key player in the blockchain oracle space.