API3 (API3), Moderate Volatility and Rising: Is it Time to Cash Out?
API3 is a decentralized, open-source platform that aims to create a new standard for decentralized APIs (Application Programming Interfaces) on the blockchain. It is built on the Ethereum blockchain and utilizes a unique tokenomics model to incentivize the creation and use of APIs. The platform allows developers to create and publish their own APIs, which can be used by other developers to build decentralized applications (dApps). The API3 token is used as a form of payment for accessing and utilizing the APIs on the platform. The platform also aims to address some of the scalability and security issues that have been observed with traditional centralized APIs.
API3 (API3) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Decentralized Finance has gained 1.91% to $1.07.