API3, a blockchain oracle provider, has recently announced the introduction of managed data feed services to Polygon zkEVM. This service will enable developers to access multi-source, decentralized data feeds (dAPIs) delivered by first-party oracle nodes with native-chain aggregation. The goal is to support the growth of TVL on the network and to provide a more transparent and secure future for decentralized finance.Since its launch in March this year, Polygon zkEVM has attracted more than $46 million in TVL and over 400,000 addresses have participated on-chain. The figure has more than doubled since July 1st and more than $110 million has been deposited onto its mainnet.API3’s push oracle solution is expected to increase Polygon zkEVM’s adoption and scaling for the next billion users while simultaneously mitigating challenges posed by current Oracle options. It is being touted as a transformative shift since it aligns with the incentives for data providers, networks, and dApps. Jack Melnick from Polygon Labs said, “It’s very exciting to see API3 deploying on Polygon zkEVM, enhancing the DeFi ecosystem with an innovative push oracle solution.”
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
9 |
| People |
Jack Melnick, API3 |
| Companies |
Polygon, API3, CryptoPotato, Polygon Labs, Binance |
| Currencies |
None |
| Securities |
None |
