Which project in the oracle track has the highest expectations and is the most worth ambush?
Currently, the three major oracle tracks are: Chainlink, Pyth and API3.
From the comparison of various token data:
1. API3 has a circulation volume of 85%, which is the highest among the three projects with basically no selling pressure. Pyth has only 36% of the circulation volume. In the future, there will be billions of selling pressure that needs to be taken up by the market, which will inevitably affect the price.
2. Chainlink's total market value has reached 14 billion US dollars. Even if it rises 10 times, it will reach a market value of 100 billion, and the increase is limited. API3 has a total market value of only 268 million. Even if it reaches Chainlink's current market value in a bull market, there is still nearly 50 times of room for growth.
Whether it is compared in terms of circulation or total market value, API3 has the highest cost-effectiveness.
In May, DWF Labs purchased API3 worth $2 million at a price of 2.808U through financing. After 6 months of lock-up, 50% will be released, and the remaining 50% will be released linearly over 6 months.
In this round of bull market, people are saying that VCs and retail investors will not take over each other. In fact, VCs will also purchase potential targets at the right time.
The current price of API3 is around 2U, which is more cost-effective than the purchase price of DWF Labs, and there is no need to lock positions.
Technological innovation is the underlying support for the long-term operation of the project. API3 announced the official launch of OEV Network during ETHCC.
Benefits of OEV Network:
a. Using the protocol of API3 OEV Network, you can obtain OEV income that was originally unobtainable, and use the oracle to become the source of income for the protocol, rather than expenditure.
b. API3 can also obtain sustainable funding from it to achieve profitability and long-term stable development and operation.
c. Oracles and protocols are a win-win partnership. API3 brings additional income to the protocol, and more protocols will be willing to integrate OEV Network. Form a positive flywheel and enhance the value of API3.
Taking the lending protocol as an example, AAVE has issued $23.4 million in liquidation rewards this year, and Venus has reached $5.8 million. By integrating OEV Network, a large part of these funds will be able to become profits for the protocol.
OEV Vetwork can provide profits for the protocol instead of pure expenditures, which is a disruptive innovation that changes the business model of the oracle track.
The leader of innovation will surely gain more recognition and value support in the future!
