jakiro
Author: Sun and Moon Source: Medium
Let’s briefly introduce API3
API3 is an innovative first -party prophecy. Unlike other prophecy machines, its 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.
API3 is building an OEV ZK Layer2.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.
There are already many articles about the project prospects of API3. Here, I focus on some key data of API3
TVS
>
The item of the prophecy machine is not the same as the DEFI. One indicator of it is the Total Value Secured All Oracles (TVS), which is the security guardian value of the prophecy machine.According to DEFILLAMA data, API3’s TVS is 1 billion US dollars.In contrast, Pyth’s TVS is $ 4.8 billion.The FDVs of API3 and Pyth are 380 million and 3.8 billion US dollars, respectively.Therefore, if the market value is compared with TVS, the current price of API3 is underestimated by about 2.5 times.
>
Let’s take a look at the historical changes of API3’s TVS.A very obvious feature is that the TVS of API3 has a very big leap in 24 years.In 23 years, TVS is around 10 ~ 20m.After 24 years, it started to improve rapidly.In January and February 24 years, TVS achieved the first improvement, from 20m to 135m.Since March, a leap -up improvement has been experienced to increase TVS to $ 1 billion.In late May, TVS is basically consistent with more than 1 billion US dollars.
From the perspective of TVS, the entire project of API3 has made great progress this year, and TVS has increased by nearly 50 to 100 times.
Data on the chain
>
According to data on the chain, the total amount of API3 is now 133 million, with circulation of 111 million pieces, and 83.4%of circulation.
Analysis of the large position on the chain
Press address 1: API3 pledge address
Press Address 2: The Binance Exchange Wallet
Press address 3: State Treasury
Holding address 4: The tokens transferred from the Treasury may have a specific purpose
The position of the position 5: 22 years has not moved after the transfer
Press Address 6: OK Exchange
Press address 7: Coinbase Wallet
Press address 8: Coinbase Wallet
Press address 9: UPBIT wallet
Press address 10: Kraken wallet
>
Now the amount of API3 pledge is 61.79 million, accounting for 55.67%of the circulation, accounting for 46.45%of the total.Compared with other pledge projects, the pledge rate of API3 is particularly high.Judging from historical data, the number of pledge of API3 has maintained more than 60 million pieces since February 22nd.During this period, 22 years of big bear market, and 23 years of a bleak market.Therefore, most of the pledged users are very optimistic about the future of the project.
>
From the perspective of the overall chip distribution, 61.55%is in the project party and smart contracts. The biggest part is in the pledged contract of the API3, followed by the unparalleled API3.Except for this part of the chips, the proportion of real project party and smart contract control is not very high.
API3 tokens do not seem to be controlled by large whales, because 137 whale addresses only hold 18.51%of API3 tokens.This shows that the distribution of the tokens is relatively decentralized, and the big whale does not hold a large number of chips on the chain.In the past week, the positions of API3 whale holders have not shown significant changes.The API3 in the centralized exchange accounts for 14.74%of the total, which is a medium level.
From the perspective of the data on the chain, we can get
1) The circulation of API3 is very high, and the main is the foundation chip of the foundation, which requires DAO to vote for control.The institution and the project party have long been unlocked.
2) From the perspective of pledge, the 60 million API3 is in a state of pledge for a long time. It can be seen that most people are particularly optimistic about the future.
3) The distribution of chips is relatively scattered, and no giant whale can control a large number of chips
