API3 Secures $4 Million in Strategic Funding on May 29, 2024
API3
API3
-1.8%
According to media reports, API3 closed a $4 million strategic funding round on May 29, 2024. The round was led by DWF Labs, The Spartan Group, Laser Digital, and Caladan, among others. Following this transaction, API3’s cumulative funding has reached $7 million.API3 is an innovative oracle solution designed to connect real-world data with smart contracts. Through its core product, Airnode, blockchains can directly access API data without relying on specialized node operators as intermediaries, significantly improving data access efficiency and decentralization.Since its launch in November 2020, API3 has experienced rapid growth. The project completed a $3 million seed round in November 2020 and has recently achieved several key milestones. Notably, API3 plans to introduce a new Oracle Extractable Value (OEV) auction mechanism by the end of October 2025, shortening auction durations on the Arbitrum network to just 15 seconds, which markedly enhances network efficiency. In addition, leading exchanges have launched KRW and USDT trading pairs for API3, further improving the project’s liquidity and accessibility.The successful completion of this strategic round not only reflects investor confidence in API3’s technological innovation but also supports the continued advancement of oracle solutions within the blockchain industry, providing more reliable data infrastructure for decentralized applications.
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API3 fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| strategic | fundraising-$M | -- | 2024-05-28 | DWF Labs,The Spartan Group,Laser Digital,Caladan |
fundraising-key-milestones
- 2025-10-09API3 announced that the new OEV (Oracle Extractable Value) auction mechanism will be launched at the end of October
- 2025-09-08The Api3 OEV network reduces the auction duration on the Arbitrum network to 15 seconds
- 2025-08-19UPBIT launches API3 (API3) KRW and USDT trading pairs
- 2024-05-29API3 raised $ 4 M in strategic financing
- 2020-11-12API3 raised $ 3 M in Seed round
- 2020-11API3 is live for trading
24hour-high
$0.718
24hour-volume
$942.27K
alltime-high
$10.30
alltime-low
$0.498
market-cap--f
85.57%
fdv
$104.85M
24hour-low
$0.6
market-cap
$104.85M
circulating-s
131.79M API3
total-supply
154.03M API3
max-supply
154.03M API3
market-sentim
negative
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.63% | 5.92% | 1.29% | 13.04% | 58.86% |
