In the dynamic world of decentralized autonomous ecosystems, API3 is a disruptor with its solid growth. Comprising the vibrant community of 6813 DAO members, API3 has been an entity to watch out for. According to the latest information from the API3 DAO Tracker, this ecosystem has already touched 84 proposals during its advance through the analysis of proposals completed mainly by the community.
Through Wu Blockchain X’s post by Colin Wu, some information illustrated by the API3 DAO special curve growth was given, such as some discussion stipulating some aspects of the API3 development process, including its steaming-activeness, completed proposals, Epoch rewards, and the annualized yield.
In the current sub-epoch 2825, the holders who stake their coins have a total estimated yield of 21.5% and an average epoch reward of 0.41%. This tendency means that the values of these figures grew constantly when compared to the previous eras. Similarly, for instance, in Epoch 2824, a yearly yield achieved was 20.5% which entailed a reward of 0.39%, in contrast Epoch 2823 had a 19.5% yearly yield and 0.37% as a reward.
API3’s Growth Trajectory Signals Continued Expansion
In a recent X post, the platform expressed its consistent expansion, reassuring that the ecosystem has been actively growing since our launch of decentralized data feeds (dAPIs) in the past autumn.
At the moment, the whole number of staked API3 tokens is at a great figure of 59,546,721, which means we are almost reaching the token staking target of 64,325,135. To stimulate further involvement, the annual percentage rate (APR) is boosted with 1% for preceding epochs until the target is reached or the APR reaches 75%. The total supply of the token is valued at 125,324,588, and the circulating supply stands at 86,421,978 as of now. At current prices, DAO commands a market cap of $358,205,037 and is at 156 among the top cryptocurrencies on CoinMarketCap.
API3 is traded at $4.14 per token, which witnessed the slight decline of 1.34% in the last 24 hours. Nevertheless, it is amazing how last week was a good one, as its returns were at 33.39% which was an increase. The 30-day scale of performance seems to have been quite phenomenal so far, as it follows a whopping increase of 162.28%.
Through API3’s journey towards maturity in an unpredictable space of decentralized finance, the community’s growth and its progressive development, it’s clearly emerging that it has a bright future ahead.