dxFeed and API3 partner on real-time data for smart contracts
Market data provider dxFeed has partnered with API3 to integrate its data into the latter’s managed decentralized API (dAPI) service.
As a provider of infrastructure services for the financial industry, dxFeed will play a crucial role in delivering real-time market data directly to smart contracts on-chain, utilizing a first-party architecture.
This collaboration eliminates the need for intermediaries, ensuring transparency and decentralization in the oracle solution provided by API3. By leveraging dxFeed’s expertise and market data, smart contracts will have access to accurate and up-to-date information, enabling a wide range of applications in both traditional markets and the emerging crypto/DeFi space.
The integration of dxFeed into API3’s managed dAPI service also empowers developers and builders to access high-quality and real-time market data. By obtaining data directly from the source, they can ensure the accuracy and reliability of the information used in their applications.
By adapting dxFeed’s expertise in traditional finance to the decentralized ecosystem, users in the DeFi and DEX space gain access to a wide range of valuable insights.
“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.”
“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. “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.”
dxFeed’s experience in the traditional finance sector, serving over 2+ million data points, brings valuable insights that can now be leveraged for on-chain DeFi and DEX products.
dxFeed data bundles, which include depth of market data along with bid/ask and traded volume information, incorporates solutions for the storage and retrieval of historical data. Its interface offers insights into the behavior of other market participants, which influence the price movement, and allows users to analyze the historical order book evolution, track DOM Liquidity and HFT algorithms.
dxFeed is specializing in providing data on equity options, equities, futures, indices, mutual funds and FX from multiple exchanges worldwide. The vendor is a daughter company of trading technology provider, Devexperts.