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API3 is an innovative first -party prophecy, and yesterday announced the launch of the ZK Layer2 of OEV.OEV is the subset of MEV, which refers to the extraction value related to Oracle.When Oracle provides the latest price to DAPP, some assets will have the opportunity to liquidate and arbitrage.The Layer2 of API3 specializes in the value of OEV and feeds DAPP for its benefits.
summary
1) API3 is an innovative first -party prophecy, and yesterday announced the launch of the ZK Layer2 of OEV.OEV is the subset of MEV, which refers to the extraction value related to Oracle.When Oracle provides the latest price to DAPP, some assets will have the opportunity to liquidate and arbitrage.The Layer2 of API3 specializes in the value of OEV and feeds DAPP for its benefits.
2) This is mainly due to the API as the first prediction machine.In other words, API3’s prophet data does not require third -party aggregation transit, but is directly provided by the first part of the data source.This is implemented through the core component AirNode, which allows API providers to easily run its own prophecy machine node, without the need for middlemen to directly publish the data source (DAPIS) to any DAPP that is interested in its services.
3) The circulation of API3 is 100 million pieces, of which 65.54 million are pledged.There are 13.86 million in the exchange of the exchange. According to the survey on the chain, the most recharged net inflows in the past 7 days are the currency wallet, which flows in total of 760,000.The biggest outflow was the pledge address, and a total of 560,000 pieces flowed out.However, the total number of pledge is less than 1%.It can be said that the sudden pull of the dishes in the past two days did not have a violent throwing.
Note that the recent increase in API has 100%increase. Please determine it yourself according to your own risk ability.
1 API3 Introduction
API3 is an innovative project designed to reform the blockchain prophecy field.Its core goal is to solve the problem of the existing third-party prophecy machine through the First-PARTY ORACLES.API3 is implemented through its AiRNODE technology. Its node hosting is in the infrastructure of API providers, which means that the prophet data does not require intermediate aggregation transit, but directly provided by the first party.This method is designed to improve the privacy, cost efficiency, and source transparency of data transmission.More importantly, there is no need to cross the chain bridge as the intermediate transfer to prevent frequent hackers.
>The main characteristics and highlights of the project
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The first party prophetic machine: API3 uses AiRNODE to make API providers directly custody to predict the node, which improves the transparency and credibility of the data.
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Privacy protection: The API provider operates the prophecy machine by itself, and the third party cannot observe the original data processing of the API, which has significantly improved privacy protection.
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Cost efficiency: Reduce the intermediate link, reduce the cost provided by data, and improve the overall efficiency of the system.
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Source transparency: The data source visible on the chain ensures the transparency and credibility of the data.
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>2 AirNode
AIRNODE is the core component of the API3 project. It allows API providers to easily run its own prophecy machine node. It does not need intermediate people to directly publish the data source (DAPIS) to any decentralized application (DAPP) that is interested in its service.The design concept of AIRNODE is to provide API providers with almost zero maintenance deployment capabilities.It aims to make smart contract engineers easily access the required data by simplifying the connection between API and blockchain, thereby promoting meaningful use cases.
AiRNODE is designed as a lightweight packaging device of the Web API, enabling it to communicate with the smart contract platform without generating any expenses or payment of tokens.The design of AIRNODE is based on the principle of “setting and forgot”, without specific operating knowledge, and has excellent ability to resist permanent stop and operating intervention.Based on the service construction of on -demand pricing, the node operator is paid only according to the amount of nodes, and the possibility of providing API providers with free operation prophet machines.
3 DAPI
DAPIS (Decentralized APIS) is a key component of the API3 project. It is the chain data source provided by the first square prediction machine owned and operated by the API provider itself.These data sources are continuously updated by the first -party prophecy machine, so that the DAPP owner can read any DAPI chain value in real time.DAPIS consists of one or a set of beacon (Beacon), and sometimes called the first -party data source because they originated from the first -party prophecy machine.The core of DAPIS is to connect smart contracts to the first -party data source, providing higher security, cost efficiency and scalability.
DAPIS directly by the data owner of the data, that is, API providers, maintenance and support, effectively eliminating third -party middlemen who depend on other prediction machine solutions.Its operation is efficient and flexible. DAPIS is based on demand -based service construction, enabling API providers to run the prophecy machine for free and start paying after starting income.It has a standardized user -friendly interface: DAPIS has a standardized and user -friendly interface, which aims to abstract technology implementation.
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4 OEV Network
Oracle Extractable Value (OEV) is a subset of MEV, which refers to the extraction value related to the Oracle service.In DEFI applications, the data provided by Oracle is often used to determine the price of assets, execution liquidation or other key functions.When Oracle updates its data provided to smart contracts, these updates may affect the status of the DEFI market, thereby creating opportunities for arbitrage or liquidation.When Oracle updates, some participants may try to use these opportunities to extract value from market participants (such as liquidity providers).According to Flashbots statistics, MEV’s capture of up to hundreds of millions of dollars a year.
OEV Network is a ZK Rollup network customized with Polygon CDK to capture OEV in all API3 data source DAPP.OEV Network is a special order flow auction platform. It sells the right to renew the execution of specific data sources for specific DAPP to give the highest bidder with the highest bid.The winner pays the fee when performing the data source update, so that decentralized applications can immediately receive benefits on its native chain.All of this runs as a subsidiary of our conventional data source, which means that using the decentralized application of API3 data sources will simply enable OEV networks and start earning benefits.
5th Dynasties Economics
The total supply of API3 is 1270 million, with a circulation supply of 1.02, and the market value of circulation is 300 million US dollars.
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From the data on the chain, the largest position is the pond of API3 pledge
Press address 1: API3 pledge address
Press address 2: State Treasury
Press address 3: Binance cold wallet
The position of holding the position 4: 222 is transferred in December 22, not moving
Press address 5: Binance wallet
Press address 6: Coinbase Wallet
Press address 7: OK wallet
Press address 8: Coinbase Wallet
Press address 9: UPBIT wallet
Press address 10: Binance wallet
From the data on the chain, the API3 of up to 6.54 million API3 is placed in the pledge pool, and the tokens on the exchange are about 13.86 million.The two were added to 79 million pieces.Except for these two items, there are not many chips passed outside.
Due to the fierce fluctuations in the currency price in the last 2 days, we checked the address changes in the last 7 days from Scope.Among them, the largest flowing was from the recharge address of the Binance 14, which was cleaning in total in total. The address of the second day was Coinbase Wallet, which flowed into 627,000.The biggest outflow was the pledge address, and a total of 560,000 pieces flowed out.
But in general, although there are flowing outflows, the overall amount is not large.In particular, 560,000 pledge wallets flowed out, compared with 65.54 million pledge, 1%was less than 1%.It can be said that the sudden pull of the dishes in the past two days did not have a violent throwing.
You can see the specific situation
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