New Data Feed Service Suite for Polygon zkEVM Launched by API3
API3, the blockchain oracle provider, has introduced a new data feed service suite specifically designed for Polygon zkEVM. This push oracle solution offers DeFi protocols the ability to migrate seamlessly from other EVM chains to Polygon zkEVM, functioning as both an onboarding and integration solution.
Key Points:
1. Polygon zkEVM incorporates managed decentralized data feeds (dAPIs) from the API3 Market, showcasing the growing appetite for DeFi.
2. API3’s first-party architecture model differs from traditional third-party oracle mechanisms, providing increased data transparency and integrity.
3. The integration of dAPIs with Polygon’s scalable infrastructure offers a more secure and transparent future for decentralized finance.
4. Compared to alternatives like Chainlink and Pyth, API3’s dAPI offers decentralized data feeds from multiple sources at lower fees and with greater transparency.
5. The Managed dAPI service addresses operational challenges faced by developers, offering aggregated data streams from reputable providers.
Hot Take:
API3’s new data feed service suite for Polygon zkEVM demonstrates the company’s commitment to providing a transparent and efficient solution for DeFi protocols. By leveraging first-party architecture and integrating with Polygon’s infrastructure, API3 sets a potential new standard for oracle transparency and efficiency in the industry. This collaboration highlights the importance of secure and reliable data management methods in the evolving DeFi landscape.
By
By
By
By
By
By