Iddo Gino discusses the evolution of API environments, highlighting the shift from first-generation API tooling focused on SOAP and REST to modern solutions that embrace diverse types like GraphQL and Kafka. The modern API stack emphasizes developer-centric tools, testing, monitoring, and seamless integration within CI/CD workflows, aiming for improved quality and usability across APIs. Key components include design, build and deploy, testing and monitoring, publishing, discovery, evaluation, integration, and comprehensive monitoring for analytics.