Crypto News

API3 Continues To Thrive Despite Market Maker’s Move On Binance

The decentralized autonomous ecosystem (DAO) API3 has been making significant strides in recent times, showcasing notable progress and resilience within the crypto space. 

Despite recent reports of market maker company DWF Labs depositing over $1 million worth of 200,000 API3 (API3) tokens onto the cryptocurrency exchange Binance, API3 remains on a trajectory of growth and development.

API3’s token has experienced a 10% increase in value over the past week, with an additional 3% gain recorded today. This upward trend reflects the growing confidence and interest in the API3 ecosystem among investors and enthusiasts alike.

Data Shows Over 25 Million API3 Tokens Are Locked

According to data from the API3 DAO Tracker, the API3 DAO currently boasts 6,813 members and has successfully completed 84 proposals, underscoring the active engagement and participation within the API3 community. 

Furthermore, the API3 staking annualized yield for the current Epoch 2825 stands at an impressive 21.5%, with an Epoch reward of approximately 0.41%. 

The platform also reports over 25 million API3 Tokens locked and approximately 59.5 million API3 Tokens staked, indicating strong community involvement and commitment to the API3 ecosystem’s success.

Despite the market maker’s recent activity on Binance, API3 remains steadfast in its mission to revolutionize the decentralized ecosystem. The platform’s continued growth and adoption demonstrate its resilience and potential to shape the future of decentralized finance and governance.

As API3 continues to attract attention and participation from both investors and developers, the future looks promising for this innovative DAO ecosystem.

With ongoing developments and community-driven initiatives, API3 is poised to solidify its position as a leading player in the rapidly evolving world of decentralized technologies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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