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Orderly Network Leverages Chainlink for Reliable Market Data

source-logo  blockchainreporter.net 13 November 2024 21:22, UTC

Orderly Network, a prominent cloud liquidity infrastructure provider, has integrated Chainlink Price Feeds on the Arbitrum mainnet. Through this integration, Orderly Network is aimed at enhancing its $ORDER token ecosystem. Additionally, this move brings robust and decentralized data to Orderly’s platform.

The initiative reinforces the reliability and accuracy of market information available to decentralized applications (dApps). Orderly Network selected Chainlink for security and scalability. The network is setting a strong foundation for DeFi innovations on Arbitrum with daily trading volume exceeding $84 million.

Orderly Network Strengthens Market Data with Chainlink Oracles

By utilizing Chainlink’s oracles, Orderly Network gains access to premium and on-chain market data aggregated from trusted sources. This helps in providing users with trusted information for trading and investment decisions.

This integration guarantees transparent data performance while minimizing single points of failure through decentralized infrastructure. Chainlink’s robust ecosystem ensures a secure Orderly Network’s ecosystem even during high-demand periods. Chainlink becomes competent in this by addressing critical needs for data accuracy in the DeFi landscape.

Orderly Network Fuels DeFi Security and Liquidity

Orderly Network’s integration with Chainlink empowers its mission of providing a scalable and unified trading ecosystem. Projects including Beefy Finance, Jones DAO, and Silo Finance are leveraging $ORDER and getting benefits from this high-quality market data. These projects are fostering sustainable growth and innovations across DeFi applications.

Orderly Network aims to empower developers, traders, and exchangers with a secure trading network. This empowerment is fueled by consolidating liquidity from various chains into a single, shared orderbook. By doing this, Orderly Network wants to support the broader DeFi ecosystem on Arbitrum and beyond.

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