#api3
API3 is a decentralized digital currency aimed at revolutionizing the way decentralized web applications (dApps) access external data. API3 provides a decentralized oracle network built on native oracle contracts, allowing applications to access secure and verifiable data while deriving value from the use of oracles.
What is API3?
API3 is a decentralized oracle network that provides transparent on-chain price data across more than 40 EVM-supported chains, according to CoinGecko. API3 addresses the trust issue in oracle data by integrating native contracts into the extractable value oracle (OEV) architecture. This means that decentralized applications can access the data they need via Application Programming Interfaces (APIs) directly through the oracles, reducing reliance on intermediaries and increasing security.