What API3 connects
API3 is a decentralized oracle network token, currently ranked 438th by market capitalization among the assets we track. API3 powers a decentralized oracle network — the infrastructure that feeds real-world data (prices, events, randomness) into smart contracts that otherwise can't see beyond their own chain. The API3 token pays and secures the node operators who deliver it.
API3 is a decentralized oracle network that allows smart contracts to securely access off-chain data and APIs, enabling seamless integration with real-world information. It aims to empower developers by providing a robust and efficient infrastructure for building decentralized applications.
How the data stays trustworthy
The value of API3 rises with how many protocols depend on its feeds and how much value those feeds secure. Demand for reliable data, not speculation, is the long-run driver.
API3 is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in API3. In sector terms it is most often filed under Blockchain Service and Ethereum (ETH) Token (ERC-20).
Where API3 sits in the market
Trading around $0.2151, API3 carries a market capitalization of $18.59M. Around $3.56M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 19.17% of the float — elevated, often a sign of narrative-driven trading.
Almost the entire API3 supply is already in circulation (~100.0% of the 147.9M cap), so future dilution is effectively off the table. API3 remains -96% beneath its all-time high of $4.91, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -3.57%, 7-day -12.33%, 30-day +11.50%, 1-year -62.30%. Across roughly the last 365 days of daily candles, API3 endured a peak-to-trough drawdown of about 83% before stabilizing.
Volatility profile
Recent action puts API3 in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals +11.50%, a useful input for stop placement and position sizing.
How to evaluate an oracle network like API3
A grounded read on API3 comes down to three questions:
- Integration breadth — how many protocols and how much value rely on API3 feeds.
- Data security — node decentralization and the crypto-economic stake protecting each feed.
- Token demand — whether API3 is genuinely required to pay for or secure the network's services.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
