In a significant development within the blockchain and decentralized applications (dApps) sphere, API3 has officially launched its Oracle Stack on the Astar Network zkEVM. This milestone marks a pivotal moment, offering developers robust tools to elevate their applications and foster a more interconnected and efficient blockchain ecosystem.
API3’s initiative to introduce its Oracle Stack on the Astar Network zkEVM transcends a mere technical update; it opens up vast opportunities for innovators in the crypto landscape. With access to over 180 decentralized data feeds (dAPIs) from the API3 Market, developers now have unprecedented access to a diverse array of reliable and secure data sources. These dAPIs cover a wide spectrum including cryptocurrencies, forex, equities, and commodities, empowering applications to leverage real-world data comprehensively.
Furthermore, API3’s Oracle Stack is now seamlessly integrated with @AstarNetwork zkEVM! Developers can now harness:
– Over 180 decentralized data feeds (dAPIs) available on the API3 Market
– OEV Network for capturing protocol MEV (coming soon!)
Begin building today! ️ pic.twitter.com/c8hafXEUM9 — API3 (@API3DAO) July 2, 2024
Additionally, the imminent launch of the OEV Network promises to redefine how protocols engage with Miner Extractable Value (MEV), transforming potential risks into strategic advantages. This network aims to reclaim protocol MEV, enabling dApps to operate securely and profitably.
The Astar Network zkEVM distinguishes itself as an innovative Ethereum Layer 2 scaling solution that amalgamates the finest attributes of EVM and Wasm. This technology assures interoperability, future-proofing, rapid finality, and diminished transaction costs—all while upholding stringent security benchmarks. For dApp developers, this translates to heightened operational efficiencies and reduced overheads.
The zkEVM elevates the interaction between decentralized applications and the blockchain. Applications on this platform effortlessly access verifiable and decentralized on-chain data without necessitating additional infrastructure. This streamlined process is facilitated by oracle nodes directly operated by data providers, ensuring transparency and obviating intermediaries.
Expanding the API3 Ecosystem
API3’s strategic expansion into the Astar Network zkEVM extends beyond technical integration; it’s about cultivating an ecosystem that fosters sustained growth and vitality for decentralized applications. By facilitating easy access to dAPIs via the API3 Market, API3 not only supports developers but also nurtures the broader blockchain community.
Developers keen on leveraging these advanced capabilities can seamlessly navigate the API3 Market to discover and manage essential data feeds for their applications. The forthcoming integration of the OEV Network will further augment these capabilities, offering a comprehensive solution for dApps to operate autonomously and profitably.
