Oracles are key to the development of Web3. With the development of Defi and RWA, oracles are becoming a core component of Web3 financial infrastructure.

There are currently three major oracle projects on the market: LINK, PYTH and API3, among which API3 deserves our high attention.

Today, API3DAO oracle officially integrated the latest OEVNetwork network, providing a built-in solution for each on-chain lending protocol to recapture the MEV of the protocol. Choosing to release it during EthCC, the largest annual ETH conference in Europe, is of great significance.

From $40 million at the beginning of the year to $1.26 billion today, API3 has grown 31.5 times. Its token circulation ratio is as high as 85%, effectively avoiding the risk of VC unlocking.

Comparing the data, API3 has the lowest valuation, the lowest FDV/TVS ratio, and the highest potential!

#LINK: Price $13.09, market value $7.96 billion, fully diluted valuation (FDV) $13.09 billion, circulation rate 60.8%, TVS $37.8 billion, FDV/TVS ratio 0.346

#PYTH: Price $0.294, market value $1.069 billion, FDV $2.95 billion, circulation rate 36.27%, TVS $5.78 billion, FDV/TVS ratio 0.51

#API3: Price $1.76, market value $240 million, circulation rate 85%, TVS $1.268 billion, FDV/TVS ratio 0.189

With the release of OEVNetwork, API3 will bring huge opportunities and ecological cooperation, which is worth looking forward to!