What Is API3 Crypto And Why Has It Surged +25% Overnight?

API3 crypto has risen nearly 25% in the past 24 hours, causing its price to spike to $1.20. With its focus on providing first-party data feeds, this oracles project continues its recent upward trajectory, where it has nearly doubled in price over the last seven days – putting it in direct competition with Chainlink.

The recent price action of API3 is sparking sentiment that it could be the next Chainlink (LINK) as a competitor offering live data feeds (oracles) to decentralized applications.

The recent performance of $API3 has been mind blowing as the price has doubled in the last 7 days. Their movement is matching the moves the $AUCTION .
Will it continue to be like this?? pic.twitter.com/EJ4QAU3xHE
— Crypto Raven (@hiRavenCrypto) March 22, 2025

What Is API3 Crypto, And Is It The Perfect Beta Play To Chainlink (LINK)?

API3 is a decentralized platform similar to Chainlink that allows blockchain applications (dApps) to access real-world data and services via APIs. It offers a way to connect traditional web services directly to blockchain applications seamlessly.

API3 aims to provide secure, verifiable data from first-party sources, eliminating the need for intermediaries and enhancing transparency and security.

Its API3 crypto token is the native utility token used to power the project. It is used for governance and payments within the API3 ecosystem.

Per its website, API3 has 200+ data feeds across every major blockchain, giving the project an incredible market reach.

It differs from Chainlink in that API3 focuses on first-party data feeds, meaning its oracles provide data straight from the source. This eliminates the need to rely on intermediaries, enhancing transparency and security.

On the other hand, Chainlink’s model is that its LINK token is necessary for dApps to buy data from it. They’re essentially data resellers and are not optimized for first-party use like API3.

(API3.ORG)

Where API3 crypto truly stands out as a legitimate competitor to the leading data feed project, Chainlink is with its OEV (Oracle Extractable Value) Rewards. API3 has an integrated OEV solution that enables dApps to earn rewards for simply using their oracles.

API3’s website dashboard shows that over $210,000 in OEV rewards have been paid out since its inception, with the reward amount updated each month.

This OEV reward system from API3 allows them to gain market share from Chainlink, which is no easy feat. At this time of writing, the lending protocols to have earned rewards for using API3 oracles are as follows; Compound, Yei Finance, Lendle, Init, MachFi, Orbit, Silo, and Hana.

Even with the price of API3 exploding nearly 2x over the past week, it is still a relatively low-market-cap token, sitting at just $143 million. Per CoinGecko, this makes API3 the 350th largest cryptocurrency by market cap.

To compare, Chainlink (LINK) is the 14th largest cryptocurrency with a market cap of over $9 billion. To put this into context, API3 would have to increase more than 64x to reach LINK’s market cap.

Even if API3 never hits the heights of LINK, it is a great beta play due to its comparatively small market cap and growing sentiment around its Oracle feeds due to the OEV rewards on offer.

Newer, less established dApps would benefit greatly from utilizing API3’s data feeds as they can create a revenue stream for their project by simply choosing API3 oracles.

(SOURCE)

BONUS: Mind Of Pepe (MIND) Smashes Past $7.5m In Presale Funding With A Huge Update From The Team

While Mind Of Pepe (MIND) has already had huge success in the first two months of its presale, a fresh update from the team looks set to skyrocket this new AI agent to new highs.

With $7.5m funding already in the bag, the team behind MIND continues to build, and its latest update shows how serious they are about becoming the market leader for the AI agent space.

? MIND of Pepe $MIND Update ?
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025

The current leading AI agent, AIXBT, continues to struggle for several reasons. Namely, it lacks innovation and has no true utility for token holders. These two reasons alone are causing the AIXBT agent and token to lose its grip on market participants.

Enter Mind of Pepe and its continuous evolution. Its large language model (LLM) just got a huge update. In an X post from the team, it calls the update an ‘LLM Persona Refinement’, stating that Mind of Pepe’s language model is ‘getting sharper’.

The update includes enhanced intelligence and engaging personality, seamless interactions, and a consistent voice, along with sharper market takes and a consistent voice across all responses.

Prior to this update, MIND holders already had exclusive access to the trading insight and alpha gained by the Mind of Pepe agent. Still, now the information given to investors will be even more lucrative.

There are just over 36 hours until the MIND presale moves onto its next price stage. After that, its current price of $0.00358 will be gone for good. Don’t sit on the fence; this could end sooner if a sell-out occurs.