On August 19, the largest Crypto Exchange in South Korea, UPBIT, announced the listing of new trading pairs for API3, triggering an increase in the price of the digital asset. API3 is a platform that offers oracles that pay users. The project promises to provide users with rewards OEV (rewards generated from Oracle Extractable Value) for their Defi projects. The platform provides data flows at cost, allowing decentralized applications to benefit from OEV rewards that come to third parties who would otherwise benefit from MeV, according to official project notes. Data flows work as traditional ones, which means that users do not have to change their contracts in any way to use them.
Details of API3 listing on upbit
In his official announcement, UPBIT has revealed that he will list the API3 on August 19 at 5:00 pm. The trading was opened for the API3/KRW and API3/USDT pairs. The project, which is dedicated to the construction of decentralized APIs (application programming interfaces) for the web3 ecosystem, has increased the price of its digital asset following the Exchange announcement.
The trajectory of the API3 price on August 19
API3 was traded at $ 0.83 with a market capitalization of over $ 72 million before the listing on UPBIT. After the platform revealed its plans, the digital asset registered an increase of over 85%, reaching prices over $ 1.56 and reaching a market capitalization of over $ 135 million.
The price of API3 in USD today the price of the digital asset has increased by 82% in the last 24 hours, after being driven by the listing on UPBIT. The trading volume of API3 in 24 hours exceeded $ 278 million, increasing by almost 261% on August 19th. API3 reached its ATH on April 7, 2021, when the digital asset exceeded $ 10.3. Join the 33,000+ subscribers. No spam, only useful info.