- At the end of January this year, $API3 announced the launch of the ZK-Rollup platform OEV Network, leading to a 35.4% price increase in seven days 📈
- Yesterday, the official announcement of the launch of OEV Network was made, but this time there was no unexpected price increase 😂

Everyone should be familiar with $API3 - the oracle project that received high-profile investment from DWF Labs. But what is OEV? If you are familiar with MEV, it might help you understand better. MEV refers to the maximum extractable value during transaction execution (often heard in the context of MEV bots or sandwich attacks), while OEV can be understood as a subset of MEV, specifically referring to extractable value related to oracles. The newly launched OEV Network aims to capture the value generated when oracle data is not updated in time and then feed it back to DApps to help them save money. In short: it has built a value capture mechanism for exclusive oracles.

After understanding the concept, let's review the data👇

🔸Four institutions, including DWF, collectively invested 4 million $USDC in $API3, with a cost price of approximately $2.81. 50% of the tokens will be unlocked six months after the investment, which is in November this year.
🔹The current price is $1.82, which is almost the same as the price DWF received the tokens from the project on January 15th, but it is at a 60% discount compared to the institutional investment cost. It remains to be seen whether there will be significant price fluctuations in the four months before the unlock.

For more details on token cost and unlock time, see 👉 https://t.co/Nr434ERo9M

Disclaimer: This tweet does not constitute investment advice, DYOR💡