What is API3

Learned by 2.0k usersPublished on 2024.03.29Last updated on 2025.05.06

api3

API3

API3

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0.68

+2.91%

  • Last Price0.68
  • Turnover (24h)1.62M
  • All-Time High10.3
  • Total Supply108.88M
  • Fully Diluted Market Cap74.46M
  • Ranking520
  • Market Cap83.94M
  • All-Time Low0.49
  • Circulating Supply122.74M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

How to Buy API3 (API3)Learn now

1. Project Introduction
API3 is a decentralized oracle solution that enables APIs to deliver data directly to blockchain applications without relying on third-party intermediaries. Unlike traditional oracle networks that depend on third-party nodes to aggregate and transmit data, API3 focuses on first-party oracles and leverages decentralized APIs (dAPIs). Its core infrastructure is powered by Airnode, a serverless oracle node that allows data providers to connect their APIs directly to smart contracts, enhancing transparency, reducing costs, and improving reliability. API3 offers seamless blockchain integration and cross-chain compatibility, aiming to deliver a secure, decentralized, and trustworthy data layer for Web3 applications.
2. Team & Investment Info
API3 was founded by Heikki Vanttinen and Burak Benligiray.
Heikki Vanttinen: Co-founder; former founder & CEO of CLC Group, with prior roles in strategic marketing at Zippie, Spacegrade, and Equilibrium Labs.
Burak Benligiray: Co-founder; former CTO of CLC Group, and researcher at Anadolu University and Eskişehir Technical University.
Funding:
November 2020: Raised $3M in a seed round led by Placeholder, with participation from Pantera Capital, Accomplice, CoinFund, Digital Currency Group, Hashed, and Solidity Ventures.
May 2024: Secured a $4M strategic round led by DWF Labs, with Spartan Group, Laser Digital (Nomura), and Caladan (formerly AlphaLab) also participating.
3. Social Media URLs
X: https://x.com/API3DAO
Telegram: https://t.me/API3DAO
Discord: https://discord.com/invite/Ftd47Jjcjk
GitHub: https://github.com/API3DAO
YouTube: https://www.youtube.com/c/API3DAO
4. Token Info
Token Symbol: API3
Total Supply: 143,020,168
Token Type: ERC-20
Contract Address: https://etherscan.io/token/0x0b38210ea11411557c13457D4dA7dC6ea731B88a
Token Distribution:
Founding Team: 30%
Ecosystem Fund: 25%
Public Sale: 20%
Partners & Contributors: 10%
Seed Investors: 10%
Pre-seed Investors: 5%
5. Related Links
Official Website: https://api3.org/
White Paper: https://drive.google.com/file/d/1GzkLKc6DYxImgeDhoKLA4wHGlE0eGGgo/view
LinkedIn: https://www.linkedin.com/company/api3/
Other Info: https://www.rootdata.com/Projects/detail/API3?k=NjQ1

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594 Total ViewsPublished 2024.03.29Updated 2025.05.06

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