Upbit Lists API3 on KRW, USDT Pairs
- API3 listed on Upbit, boosting market presence.
- Significant price surge post-listing.
- Potential DeFi ecosystem growth expected.
Upbit, a leading South Korean cryptocurrency exchange, announced the listing of API3 on its KRW and USDT pairs on August 19, 2025.
The listing significantly increased API3’s market visibility, driving a 121% price surge and highlighting its role in the decentralized finance sector.
Upbit has officially listed API3 on its KRW and USDT trading pairs. This announcement has significantly increased the market visibility of API3, a decentralized oracle network, which is crucial in the DeFi sector.
Upbit’s Listing of API3
The listing involves major parties like Upbit and the API3 team. Upbit is a prominent player in the South Korean digital asset market. The API3 development team includes Heikki Vänttinen, Burak Benligiray, and Saša Milić.
Immediate Market Impact
The immediate effect of Upbit’s listing was a notable price surge. API3 experienced a 121% increase, peaking at 1,351.34 KRW, reflecting strong local demand. The move introduces new liquidity and attracts attention from the Asian market.
Financially, this listing boosts API3’s presence, evidenced by its market capitalization of $72 million. Restrictions during the initial trading phase were implemented to mitigate volatility, ensuring fair trade practices.
Upbit (Official), “Upbit will list the API3 KRW and USDT trading pairs. The trading will go live at 5:00 PM local time on August 19th.” – Source: Upbit Official Statement
DeFi Ecosystem Growth
Upbit’s listing of API3 has primarily affected the cryptocurrency by increasing ERC-20 network activity, impacting Ethereum gas fees and liquidity flows. The listing may also drive further integration with DeFi protocols.
API3 supports over 200 price feeds, contributing to on-chain revenues. Historical precedents suggest oracle networks like API3 benefit greatly from such listings, potentially yielding technological and financial advancements within the DeFi landscape.
