API3 Partners with Blast API to Expand Offerings for Liquid Staking Tokens

We are proud to announce our partnership with Blast API, a leader in advancing the open internet of the future with their multichain RPC and API services. This collaboration expands our network of providers that provide cryptographically secure and verifiable data for powering our data feeds, including liquid staking tokens (LSTs) and liquid staking tokens (LRTs).

Blast API, provided by Bware Labs, is a high-performance API infrastructure platform designed to address key Web3 challenges, such as reliability and latency. It features a multi-region architecture and uses geographically distributed third-party nodes to ensure decentralized infrastructure, reduced downtime, and optimal request routing based on user location. Blast supports API generation for blockchain projects across major 49 networks. With Blast’s multichain API services, this integration enables precise and up-to-date asset valuation, critical for the operation of our multi-source price feeds for LSTs.

As one of the high-quality, reputable providers powering our data feeds, this partnership is a crucial step towards bringing real-world data onchain in a verifiable way. The partnership will offer developers expanded access to a wide variety of real-time data for popular cryptocurrencies, LSTs, and LRTs.

Streamlining LST Operations

As the DeFi landscape evolves, API3 is doubling down on assets crucial for the long-term performance and composability of Layer 2 ecosystems. Our partnership with Blast plays a vital role in this strategy by streamlining the operation of LST price feeds to ensure DeFi protocols are well-equipped to meet the demands of a competitive Layer 2 landscape.

In the emerging rollup-centric future, the ability to offer enhanced capital efficiency and unlock new yield opportunities offered by LSTs and LRTs will define the success of blockchain networks. Through our collaboration with Blast, API3’s Oracle Stack is designed to meet these demands by facilitating scalable and interoperable data feeds across multiple chains. This ensures that protocols building in a multi-chain environment can efficiently access the data feeds they need to thrive.

Redefining onchain data around source transparency

API3’s vision is 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.

We are committed to building an open, decentralized web and are happy to welcome Blast into our growing network of data providers powering blockchain applications with next-generation oracle solutions. Builders can utilize the API3 Oracle Stack across 37 blockchains on the API3 Market, with the ability to verify the source and degree of decentralization of those data feeds onchain.

About Blast API

Blast, built by Bware Labs, is a dePin protocol leveraging hundreds of third-party blockchain nodes to provide one of the highest availability and fastest RPC services for builders on 42 different blockchains.

By leveraging an advanced smart routing system and proprietary cloud architecture, Blast offers seamless access to multiple blockchain networks, ensuring high-performance, reliable, and affordable blockchain APIs to all Web3 developers. With more than 4 years of expertise in blockchain technology, Blast’s engineering team boasts a proven track record of success. Over the years, the platform grew constantly, putting together a significant portfolio of blockchain infrastructure and development tools that are genuinely influencing the industry.