According to Foresight News, API3 has announced the official launch of the OEV Network. The OEV Network allows any lending protocol using API3 data feeds to recapture Oracle Extractable Value (OEV) lost due to liquidation. The OEV Network is a second-layer solution where oracle service providers and seekers work together to combat the negative impact of Oracle Extractable Value through dedicated transaction-based oracle update auctions. This development is a significant step forward in the field of oracle services, providing a solution to the issue of lost value due to liquidation.