Wednesday, February 19, 2025

API3 Partners with Shift Markets to Enhance Onchain Data Feeds

Share

KEY TAKEAWAYS

  • API3 partners with Shift Markets to enhance cryptocurrency and forex trading through first-party oracle node integration.
  • Shift Markets will provide secure and reliable crypto data, bolstering API3’s data feeds with efficient market data.
  • API3’s Airnode enables real-time data flow between Shift Markets’ APIs and blockchain applications, ensuring data security and integrity.
  • The partnership aims to bring real-world data onchain, offering verifiable data feeds across 38 blockchains.

API3 has announced a new partnership with Shift Markets, a company known for bridging traditional and emerging markets through advanced technological solutions. This collaboration aims to enhance access to cryptocurrency and forex trading by integrating Shift Markets as a first-party oracle node operator within API3’s network.

Shift Markets will provide secure and reliable crypto data, expanding API3’s network of providers that offer cryptographically secure and verifiable data for aggregating API3’s data feeds onchain. The partnership is expected to bolster API3’s data feeds with reliable and efficient market data, thanks to Shift Markets’ comprehensive suite of products designed to enhance global financial markets.

Shift Markets’ Technological Infrastructure

Shift Markets offers a range of products, including Crypto Exchange Software, Market Making Technology, Crypto Derivatives Platforms, and Digital Asset Ledgers. As a market-making platform and liquidity provider, Shift Markets aggregates liquidity from leading global exchanges. Their Market Maker Technology is engineered for ultra-low latency and high throughput, providing optimal conditions with deep market depth and tight spreads.

This robust infrastructure makes Shift Markets an ideal partner for API3, enhancing the data feeds with reliable and efficient market data. As a key infrastructure provider for blockchain ecosystems, Shift Markets supports DeFi protocols through its robust node infrastructure, enabling precise, up-to-date asset valuation crucial for operating API3’s price feeds.

API3’s Airnode and First-Party Oracle Solution

API3’s Airnode facilitates a straightforward, serverless connection between Shift Market’s APIs and blockchain applications, enabling real-time data flow without third-party intermediaries. This first-party oracle solution enhances data security, maintains source integrity, and reduces operational costs.

Airnode is designed around the data provider’s needs, requiring zero maintenance post-deployment. Its zero-trust framework connects APIs directly to the blockchain, ensuring complete data integrity. As Airnode is EVM-compatible, it can be deployed across multiple chains to quickly scale onchain finance.

API3 aims to redefine the standards for onchain data by pioneering data feeds that facilitate a direct connection between data providers and smart contracts. This first-party oracle architecture ensures end-to-end transparency and significantly improves data security and reliability through the aggregation of multiple data sources into each data feed.

The partnership with Shift Markets is a crucial step towards bringing real-world data onchain in a verifiable way. Builders can utilize dAPIs across 38 blockchains on the API3 Market, with the ability to verify the source and degree of aggregation of those data feeds onchain.

For more details, the partnership was announced here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

Read more

Related Articles