The API3 project successfully addresses the oracle issue by establishing decentralized APIs that make it simple for blockchains to access off-site data. By generating potent decentralized apps that support the expansion of DeFI, it is a reasonably simple and reliable solution that does not need intermediaries. These dAPIs come directly from the blockchain.
As a result of the combination of different operators, they enable API providers to host the oracle nodes directly, promoting a direct connection between the blockchain and data sources. More protection is provided by dAPIs, which likewise deliver accurate data while shielding API providers from nefarious third parties.