Orderly Network Embraces Chainlink Price Feeds for Enhanced Security and Reliable Market Data
New York, USA, November 13th, 2024, Chainwire
Orderly Network, a leading cloud liquidity infrastructure provider, has announced its integration with Chainlink Price Feeds on the Arbitrum mainnet to support the ORDER token, bringing high-quality, secure market data directly to its ecosystem. As a prominent provider of cloud liquidity and perpetual DEX infrastructure, with daily trading volumes exceeding $84 million, Orderly Network selected Chainlink for its unmatched reliability and industry-standard infrastructure.
The integration with Chainlink Price Feeds provides seamless and secure access to premium market data, creating a solid foundation for the utility of ORDER and contributing to the broader DeFi ecosystem on Arbitrum. This reliable on-chain data benefits projects already leveraging ORDER, such as Beefy Finance, Jones DAO, and Silo Finance, while enabling sustainable growth and fostering the development of new decentralized applications.
When it comes to bringing off-chain data onto the blockchain, Chainlink is widely regarded as the industry’s gold standard. Its decentralized oracle network has earned a stellar reputation for securing some of the biggest names in DeFi. Chainlink Price Feeds are designed for resilience, ensuring data accuracy and reliability even during periods of high demand.
- High-Quality Data: Chainlink’s oracles aggregate data from premium sources, ensuring that we receive the most accurate market prices.
- Reliable Nodes: Chainlink’s network comprises security-tested, independent nodes operated by top-tier teams, providing reliability even during network congestion.
- Decentralized Infrastructure: By eliminating single points of failure, Chainlink helps us create a more secure trading environment.
- Transparent Performance: With real-time monitoring tools, we—and our users—can easily verify the data feeding our ecosystem.
Orderly Network is committed to building a unified trading ecosystem designed for scalability. Its orderbook-based infrastructure facilitates frictionless perpetual futures trading, consolidating liquidity from both EVM and non-EVM chains into a single, shared orderbook. With its white-label DEX infrastructure, Orderly Network is empowering developers to build on top of its liquidity while focusing on delivering exceptional user trading experiences.
The integration with Chainlink Price Feeds directly supports this vision by ensuring that reliable data is available to all projects utilizing ORDER. Since blockchains are inherently disconnected from real-world data, a robust oracle network was needed to deliver high-quality market data with minimal risk. Chainlink fulfills this need, allowing Orderly Network to confidently expand ORDER’s presence within the Arbitrum DeFi ecosystem.
About Orderly Network
Orderly Network is a cloud liquidity infrastructure revolutionizing DeFi by consolidating trading across chains through a single shared orderbook, powered by the innovative Orderly Chain. Empowering limitless trading, Orderly creates a cohesive liquidity landscape that improves efficiency, delivers deeper liquidity with tighter spreads, and grants developers, traders, and exchanges access to over 50 markets through a unified trading infrastructure.
Learn more: https://orderly.network/
About Chainlink
Chainlink is a decentralized computing platform securing high-value applications across DeFi and beyond. With over $16 trillion in transaction value enabled, Chainlink powers reliable data feeds, cross-chain interoperability, and off-chain computation for institutions, startups, and developers globally.
To learn more about Chainlink, visit chain.link or check out their developer resources at docs.chain.link