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New API began as a feature-expanded fork of songquanpeng's one-api and has outpaced the upstream in development velocity. Most of the token-wallet and quota architecture is retained, with new-api adding OIDC SSO, a redesigned admin UI, expanded model support, and modernized infrastructure.
Teams running one-api that need OIDC for admin-UI auth or that want ongoing feature development commonly migrate to new-api. The database schemas are close enough that migrations exist in the community, though any migration should be tested against a backup.