API3
API3
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Show Coin Info
Price
1.59 USD
% Change
0.38%
Market Cap
184M USD
Volume
13.2M USD
Circulating Supply
116M
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API3 Events on the Chart
What is API3?
API3 is a project that focuses on delivering traditional dAPI services for Web3 applications. The project is governed by a decentralized autonomous organization (DAO), specifically the API3 DAO.
Traditional API services are centralized, meaning they are owned and controlled by individual companies or organizations. This creates a range of issues in terms of transparency, security, and reliability. API3 addresses these problems by offering fully decentralized APIs.
The API3 token is used within the project's ecosystem as a means to incentivize network participants, including node operators and developers, to engage in voting and DAO governance.