Hassan Maishera
On Wednesday, the API3 team announced via a blog post that API3 oracles are now live on Somnia. Every feed on Somnia comes with OEV recapture built in. When valuable actions like liquidations are possible within a protocol, searchers can win an on-chain auction to access the latest price data before it becomes public. They use that access to execute the action, while the auction proceeds are returned to the dApp that created the opportunity.
Somnia is a cost-efficient, EVM-compatible Layer 1 designed for scale. Capable of processing over 1,000,000 transactions per second with sub-second finality, it provides the foundation for mass-consumer apps like games, social platforms, and metaverses — all fully on-chain.
Deploying on Somnia now gives dApps or metaverse apps access to oracles that deliver secure, reliable data, while also generating revenue. With OEV recapture built in, every price update can create a protocol-native income stream without affecting the user flow or logic.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.0013, up 12.5% in the last 24 hours.
