Orderly Network Integrates Chainlink Price Feeds on Arbitrum, Enhancing ORDER Token Utility and DeFi Growth

Orderly Network, a cloud-based liquidity provider, just announced a big move. They’ve integrated with Chainlink Price Feeds on the Arbitrum mainnet. This means they can now access secure and high-quality market data for their ORDER token.

Orderly Network is known for its liquidity services and decentralized exchange (DEX) infrastructure. They handle daily trading volumes of over $84 million. By partnering with Chainlink, they’re tapping into a proven source of reliable data.

This integration allows Orderly Network to access premium market data seamlessly. It boosts the utility of the ORDER token and strengthens the DeFi landscape on Arbitrum. Projects like Beefy Finance, Jones DAO, and Silo Finance are already benefiting from this reliable on-chain data. It helps promote sustainable growth and the development of new decentralized applications.

Chainlink is a leader in connecting off-chain data to blockchain networks. It’s recognized as the industry standard for decentralized oracles. Their Price Feeds ensure data accuracy and reliability, even during high demand. By aggregating data from top sources, Chainlink delivers precise market information.

The Chainlink network consists of independently operated nodes that are security-tested. This setup maintains reliability, even during network congestion. It minimizes risks related to a single point of failure. Plus, real-time monitoring tools help Orderly Network and its users verify the data that supports their ecosystem.

Orderly Network is focused on building a unified trading ecosystem that prioritizes scalability. Their orderbook-based model supports smooth perpetual futures trading. It integrates liquidity across both Ethereum Virtual Machine (EVM) and non-EVM blockchains within a shared orderbook. Their white-label DEX infrastructure also empowers developers to enhance user trading experiences.

Integrating Chainlink Price Feeds aligns perfectly with Orderly’s goal of providing reliable data to projects using ORDER. Since blockchains often lack access to real-world data, a strong oracle network is essential. Chainlink meets this need, supporting Orderly Network’s growth in the Arbitrum DeFi ecosystem and reinforcing the role of ORDER across various DeFi applications.

Additionally, Orderly Network is expanding to Sei, a blockchain that features the first parallelized EVM environment. This combines the best features of both Solana and Ethereum architectures. With this expansion, Sei developers can create on-chain platforms for perpetual trading, leveraging Orderly Network’s advanced infrastructure and liquidity capabilities.

The unified, shared orderbook provided by Orderly Chain enhances trading efficiency. It offers access to deeper liquidity with narrower spreads. Developers, traders, and exchanges can connect with over 50 markets through a single platform. This is an exciting development for everyone involved.