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19 April 2021

Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

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As shown above, Band Protocol (BAND), API3 and DIA are three oracle projects that have entered sharp rallies over the past week.

Band Protocol is a cross-chain data oracle platform that operates on the Cosmos (ATOM) network.

DIA is an open-source data and oracle platform for the DeFi ecosystem that enables market participants to source, supply and share trusted data.

Essentially, the protocol provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

In total, DIA announced partnerships with eight different blockchain projects and companies during the month of March, indicating that the team is serious about its goal to create a cross-network oracle system that provides trusted data for the cryptocurrency ecosystem.

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