API3 Live Price
Overview
Price
$10.25
24h% change
6.6%
Volume (24h)
$277.424M
Market Cap
$4.857B
What Is API3
Smart contracts frequently face challenges in accessing reliable data, and application programming interfaces (APIs) have emerged as a potential solution to address this issue.
API3 aims to facilitate the construction, management, and monetization of decentralized versions of APIs on a large scale. With the increasing role of blockchain technology in various sectors, including decentralized finance and supply chain management, the API3 team emphasizes the growing importance of smart contracts delivering "timely, reliable real-world data."
Introduced in September 2020, the API3 whitepaper identified the primary issue associated with APIs—connectivity. Currently, smart contracts lack a direct connection to APIs for accessing the latest data, leading to the rise in popularity of oracles as an intermediary solution.
While oracles have mitigated the problem to some extent, the industry now grapples with the "Blockchain Oracle Problem," involving increased costs and centralization. API3 seeks to overcome this challenge by enabling API providers to operate their own nodes.
The API3 token was launched in early December following a successful token sale that generated millions of dollars.
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What is the all-time high for API3 (api3)?
API3 ’s historic highest price is $700.65, which was recorded on 10th of May 2021. Currently, API3 ’s price is %98.5 Lower than its historic high.
What is the all-time low for API3 (api3)?
API3 ’s historic lowest price is $2.87, which was recorded on 22nd of September 2023. Currently, API3 ’s price is %263 Higher than its historic low.
What are the most important factors affecting the price of API3 (api3)?
Let's take a look at the important factors that impact API3 's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.
