In a significant stride for the blockchain and decentralized applications (dApps) arena, API3 has officially rolled out its Oracle Stack on the Astar Network zkEVM. This move is not merely a technical update but a gateway to extensive possibilities for developers within the crypto sphere. By tapping into over 180 decentralized data feeds (dAPIs) sourced from the API3 Market, developers gain unprecedented access to a diverse array of dependable and secure data sources.
These dAPIs cover a wide spectrum of domains including cryptocurrencies, forex, equities, and commodities, ensuring applications can seamlessly integrate real-world data. API3’s Oracle Stack is now fully operational on Astar Network’s zkEVM, empowering builders with:
– Access to more than 180 decentralized data feeds (dAPIs) via the API3 Market.
– The forthcoming OEV Network, set to reclaim protocol MEV, thereby transforming potential risks into advantages.
This development marks a pivotal moment, enhancing the efficiency and interconnectedness of the blockchain ecosystem. The Astar Network zkEVM, an innovative Ethereum Layer 2 scaling solution, combines the best attributes of EVM and Wasm. This integration promises interoperability, future-proofing capabilities, swift finality, and reduced transaction costs—all while upholding stringent security standards. For dApp developers, this translates into heightened operational efficiencies and reduced overheads.
The zkEVM elevates how decentralized applications interact with the blockchain, facilitating seamless access to verifiable and decentralized on-chain data sans the need for supplementary infrastructure. This streamlining is made feasible by oracle nodes directly managed by data providers, ensuring transparency of sources and eliminating intermediaries.
API3’s strategic expansion onto Astar Network zkEVM is not solely about technical integration; it signifies the cultivation of an ecosystem that bolsters the sustained growth of decentralized applications. By simplifying access to its dAPIs through the API3 Market, API3 not only supports developers but also fosters the broader blockchain community.
Developers keen on harnessing these advanced capabilities can readily navigate the API3 Market to discover and oversee the requisite data feeds for their applications. The impending launch of the OEV Network will further augment these capabilities, offering a comprehensive solution for dApps to operate autonomously and profitably.
