In a significant development for the blockchain and decentralized applications (dApps) landscape, API3 has officially launched its Oracle Stack on the Astar Network zkEVM.
This integration marks a pivotal moment, providing developers with powerful tools to enhance their applications and contribute to a more interconnected and efficient blockchain ecosystem.
Integration That Powers Innovation
API3’s move to introduce its Oracle Stack on the Astar Network zkEVM is not just a technical update—it’s a gateway to vast opportunities for builders within the crypto space. By harnessing over 180 decentralized data feeds (dAPIs) from the API3 Market, developers now have unprecedented access to a rich tapestry of reliable and secure data sources.
These dAPIs span across various domains including cryptocurrencies, forex, equities, and commodities, ensuring that applications can tap into a broad spectrum of real-world data.
API3’s Oracle Stack is now available on @AstarNetwork zkEVM!
Builders can now leverage:
▲ +180 decentralized data feeds (dAPIs) on the API3 Market
▲ OEV Network to recapture protocol MEV (launching soon!)Start building today! 🛠️ pic.twitter.com/c8hafXEUM9
— API3 (@API3DAO) July 2, 2024
Moreover, the upcoming launch of the OEV Network promises to revolutionize how protocols interact with Miner Extractable Value (MEV), turning a potential risk into an advantage. This network is designed to recapture protocol MEV, allowing dApps to operate more securely and profitably.
The Astar Network zkEVM stands out as an innovative Ethereum Layer 2 scaling solution that bridges the best features of EVM and Wasm. This technology promises interoperability, future-proofing, fast finality, and reduced transaction fees—all while maintaining rigorous security standards. For dApps developers, this means the ability to operate at higher efficiencies with lower operational costs.
The zkEVM enhances how decentralized applications interface with the blockchain. Applications on this platform can effortlessly access verifiable and decentralized data maintained on-chain without the need for running any additional infrastructure. This simplification is made possible by oracle nodes operated directly by data providers, ensuring source transparency and eliminating the need for intermediaries.
Broadening the API3 Ecosystem
API3’s strategic expansion into Astar Network zkEVM is more than just technical integration; it’s about building an ecosystem that supports the long-term growth and sustainability of decentralized applications. By providing easy access to its dAPIs through the API3 Market, API3 not only supports developers but also nurtures the broader blockchain community.
Developers interested in leveraging these advanced capabilities can easily navigate the API3 Market to find and manage the data feeds necessary for their applications. The integration of the OEV Network soon will further enhance these capabilities, providing a comprehensive solution for dApps to operate more autonomously and profitably.