dxFeed Joins Force with API3's Managed dAPI Service to Provide Real-Time Market Data to Smart Contracts

dxFeed, a leading provider of data services for the Capital Markets industry, will provide data within API3's managed dAPI service. This collaboration enables smart contracts to access real-time market data served on-chain in a first-party architecture, removing middlemen and offering a transparent and decentralized oracle solution.

API3 is a decentralized API provider that aims to bridge the gap between traditional Web APIs and blockchain smart contracts. With dxFeed's inclusion in API3's managed dAPI service, developers and builders can now access high-quality data directly from the source, ensuring accuracy and reliability for their applications.

"As we have planned at the beginning of the year, dxFeed is aiming to secure its leadership position in this yet pretty young and chaotic DeFi market, developing our own DeFi product further, and increasing the number of supported blockchain networks and exchange protocols," said Dmitrii Parilov, Managing Director at dxFeed. "By leveraging API3's innovative technology, dxFeed's real-time datasets, including asset portfolios, volatility, volumes, sentiment, and more across various asset classes, can be seamlessly integrated into decentralized finance (DeFi) and decentralized exchange (DEX) products."

"We've partnered with dxFeed for a while now, and are excited to welcome dxFeed to API3's managed dAPI service. By leveraging dxFeed's data suite, API3 can provide its users with access to high-quality and reliable data, which is crucial for various decentralized applications and services in the Web3 ecosystem." said Giovanni Lesna, Head of Enterprise and Partnerships at API3. "dxFeeds' expertise and extensive data offerings in the TradFi space make them an invaluable addition to our partner ecosystem. The collaboration between API3 and dxFeed signifies the continued growth and evolution of Web3 technologies, bringing advanced data services to decentralized applications and expanding the possibilities of blockchain-based platforms – dxFeed are vanguards in their own right."