- Chainlink connection improves data accuracy for the Orderly Network.
- Orderly Network expands its DeFi footprint on Arbitrum with Chainlink.
Orderly Network, a leading provider of cloud liquidity infrastructure, has now deployed Chainlink Price Feeds on the Arbitrum mainnet to further enhance its $ORDER token ecosystem. This will introduce robust, decentralized, and accurate market data into Orderly’s platform as a support for diverse innovations related to decentralized finance applications.
Chainlink Oracles are already integrated into Orderly Network, which makes premium on-chain market data from trusted providers available. Such has paved the way for dApps built on top of Orderly’s platform to receive reliable, real-time information for trading and investment purposes.
Increase DeFi Security Using Chainlink Oracles
The decentralized infrastructure of Chainlink ensures transparency and reduces the risks of single points of failure attributed to the centralization of data. This ensures accurate data even during times of high demand. Enhancing the security of the Orderly ecosystem gives projects based on $ORDER, such as Beefy Finance and Jones DAO, and Silo Finance, certain and correct market data, thus accelerating innovation across the DeFi ecosystem.
Through a partnership with Chainlink, Orderly Network is improving the liquidity and scalability of the platform. Integration provides support for a unified orderbook hence consolidation of different chains’ liquidity toward the attainment of smooth and secure user trading experiences.
Orderly Network, recording daily trade volume over $84 million, is slowly positioning itself as a key competitor in DeFi and providing developers, traders, and exchanges with tools that allow them to succeed in a decentralized ecosystem. This plays well into the mission of Orderly Network Fueling sustainable growth and innovation in the world of DeFi, particularly within the Arbitrum ecosystem and beyond.
In combination, Chainlink’s secure and scalable data solutions position Orderly Network well to unlock the next wave of DeFi applications, giving the users trusted market data with which to inform their investment strategies and reinforce the liquidity of decentralized platforms.
This integration goes hand in hand with Orderly Network’s continuous improvement it focuses on leading from the front in security, reliability, and transparency in this changing DeFi landscape.
