According to Mars Finance, Binance Spot data shows that the market has experienced significant fluctuations. GNO has fallen by 17.21% in 24 hours, while other tokens have shown a "rise and fall" status, with FET down by 5.5%, XVG down by 12.16%, ZEC down by 5.61%, ILV down by 5.32%, API3 down by 6.48%, REI down by 6.76%, and ZK down by 5.27%.

As of the third week of August, many altcoins have recorded a sharp decline in reserve volume on the exchange. This trend reflects the increasing demand for accumulation and holding off the exchange. This is even more noteworthy as the current "altcoin season" has become more selective. So those

The cryptocurrency market sees Ethereum's decline impacting memecoins. Despite this, Shiba Inu (SHIB) shows a bullish setup similar to API3's previous breakout. A reclaim of key moving averages may lead to a significant rally for SHIB.

API3 has broken above a long-term resistance and retested support around $0.74–$0.75, currently trading at $0.781 after a 9.84% increase. The token shows potential for a 70–75% upside if momentum is sustained, with resistance expected near $1.30–$1.35.

API3’s price has surged 56.5% in 24 hours, defying a sluggish market. API3’s unique Oracle solution which cuts middleware offers sustainability. Moonwell switched from Chainlink to API3, showing growing adoption. API3’s price surge has caught the attention of traders and analysts alike. At

Chainlink, Pyth Network, API3, and Band Protocol are notable players in the blockchain world. Chainlink is the largest oracle platform and remains the king of oracles. Pyth Network focuses on providing price data for financial and derivative transactions. API3 challenges Chainlink by providing decentralized data without intermediaries. Band Protocol is lifted after a decline and could be back in the game. DIYOR (Do Your Own Research) before investing.

Recently, API 3 has recently secured a strategic financing of 4 million US dollars, led by DWF Labs and followed by several well-known VCs. The oracle track has always been dominated by the tripartite oracle represented by Chainlink. When I saw this news, I was also surprised~ Why can API 3 win financing? Will it break the circle of traditional oracles? What makes it unique? API 3, as a decentralized API (dAPI) project, is defined as the "first-party" oracle, and it solves the common problems of trust in the intermediary of the "third-party" oracle, low data transparency, and the control of OEV (oracle extractable value) through the innovative OEV Network (based on ZK-Rollup).

Cryptocurrency analyst Michaël van de Poppe stated that with Chainlink (LINK) coming to the fore, another Oracle project, API3, may also rise. With Bitcoin (BTC) reaching 57 thousand dollars, the upward trend in altcoins began. In the remarkable rise of altcoins, Ethereum (ETH) also

DeFi protocols rely on a variety of Web3 service providers, including keepers for liquidation triggers and block producers for transaction inclusion in blocks. These services are crucial for the functioning of DeFi, but they come at a high cost. Third-party entities exploit any vulnerabilities in