We’re excited to announce that Orderly Network—a leading perpetual DEX infrastructure with ~$86B of cumulative trading volume—has adopted Chainlink Price Feeds on Arbitrum mainnet for our ORDER token. By adopting the industry-leading decentralized computing platform, Orderly Network now has seamless access to market data needed to support secure markets around our newly launched ORDER token in which Beefy Finance, Jones DAO, and Silo Finance have been the first to integrate.
“We’re excited to see Orderly Network adopt Chainlink Price Feeds and look forward to seeing how they leverage it to support an increasingly secure and reliable DeFi ecosystem.”—Michael Mendes, Strategic Data Lead at Chainlink Labs
We chose Chainlink as our preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the industry’s most proven and decentralized data solution, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, has a a proven history of reliably delivering data of all types to blockchains, and is widely adopted by applications that require offchain data and computation services.
Orderly Network combines an orderbook-based trading infrastructure with a robust liquidity layer, enabling perpetual futures trading without a traditional front end. By offering a white-label DEX solution, Orderly saves developers time and resources while providing immediate access to a deep liquidity pool. This unified trading infrastructure allows for seamless trading applications, connecting users across both EVM and non-EVM chains in a single orderbook environment. Designed for various use cases, Orderly empowers brokers, spot and perpetual aggregators, wallets, trading desks, and developers to leverage high-performance trading features and comprehensive liquidity.
In order to expand the utility of the ORDER token, we needed seamless access to offchain data feeds that are supplied directly onchain in a highly reliable manner. Because blockchains are natively incapable of accessing offchain data, we needed a flexible oracle network that could reliably and flexibly deliver high-quality data onchain to be consumed by the broader DeFi ecosystem on Arbitrum.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
“Adopting Chainlink Price Feeds was essential for us, as it provides us with the high-quality market data essential for the adoption of the Order token throughout the Arbitrum DeFi landscape. We look forward to continuing to work with Chainlink to further our collaboration across a multitude of verticals..”—Ran Yi , Co-Founder at Orderly Network
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
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 60 markets through a unified trading infrastructure.
