Currently, over 59 million API3 DAO tokens are staked, with plans to increase APR until a target is reached.
API3, which represents a decentralized autonomous ecosystem (DAO), is presently supported by 6813 individuals, which is a significant milestone. The API3 DAO Tracker indicates that the ecosystem has effectively completed 84 proposals.
Insights from API3 DAO Tracker and Colin Wu
Chinese crypto reporter Colin Wu, on his Wu Blockchain page, provided insights into the extraordinary voyage of API3 DAO in a recent X post. Active API3 members, completed proposals, Epoch rewards, and the annualized yield were highlighted in his post.
In particular, the epoch reward for the current Epoch 2825 of API3 is assessed to be around 0.41%, whereas the annualized yield is estimated to be 21.5%. In the preceding epoch, 2824, the annualized yield was recorded at 20.5%, with a reward of 0.39%.
In the same way, the yield was approximately 19.5%, and the reward was roughly 0.37% in Epoch 2823. During Epoch 2824, 59,301,580 tokens were observed to have been staked, compared to 59,360,479 tokens at the end of Epoch 2823.
The API3 ecosystem has been expanding steadily since the introduction of decentralized data feeds (dAPIs) last autumn, as stated in a recent X post by API3 DAO in which it praised its consistent development.
The current count of API3 tokens that have been staked amounts to 59,546,721. The annual percentage rate (APR) will “increase by 1% for the subsequent epochs until the target is attained or the APR reaches 75%,” given that the staking target is 64,325,135 tokens.
API3 has a circulating supply of 86,421,978 tokens out of a total supply of 125,324,588. API3, which currently holds a market capitalization of $358,205,037, is ranked 156th on CoinMarketCap.
At the moment, the price of the API3 token is $4.14, representing a moderate decrease of 1.34% over the past twenty-four hours. Nevertheless, in the preceding week, the token experienced a significant upswing of 33.39%.
Furthermore, regarding monthly performance, API3 demonstrated an extraordinary surge of 162.28%.