Shift Markets Joins API3’s Network of First-Party Oracle Node Providers

API3 is proud to announce its partnership with Shift Markets, a leader in bridging traditional and emerging markets with cutting-edge technological solutions that expand access to cryptocurrency and forex trading. As one of our high-quality, first-party oracle node operators, Shift Markets will provide secure and reliable crypto data, expanding our network of providers that offer cryptographically secure and verifiable data for aggregating API3’s data feeds onchain. 

Shift Markets offers a comprehensive suite of products designed to enhance global financial markets, including their Crypto Exchange Software, Market Making Technology, Crypto Derivatives Platforms, Digital Asset Ledgers, and more. 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 as one of our first-party oracle node providers, enhancing our 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. This integration enables precise, up-to-date asset valuation, crucial for operating API3’s price feeds, including popular cryptocurrencies and stablecoins.

First-Party Oracle Node: The Bridge to the Blockchain

API3’s Airnode enables a straightforward, serverless connection between Shift Market’s APIs and blockchain applications, facilitating real-time data flow without the need for 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. Its effortless operation requires zero maintenance post-deployment. Its zero-trust framework connects APIs directly to the blockchain, ensuring complete data integrity. As Airnode is EVM-compatible, it is easy to deploy these data feeds across many chains to quickly scale onchain finance. 

Powering Blockchain Applications with Verifiable Data, Straight from the Source

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. As one of high-quality, reputable providers powering API3’s data feeds, this collaboration is a crucial step towards bringing real-world data onchain in a verifiable way. 

API3 is committed to building an open, decentralized web and is happy to welcome Shift Markets into their growing network of data providers that integrate off-chain data directly to the blockchain. 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.