API3 announced that its OEV network will be migrated to Arbitrum Orbit for optimization of on-chain solutions and to re-capture the extractable value of the lending protocol's oracle economic value (OEV). This move aims to ensure network execution, uptime, and scalability.

API3

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On June 27, Decentralized Web3 oracle API3 announced that its OEV network will be migrating to Arbitrum Orbit for optimization of on-chain solutions to recapture the Oracle Extractable Value (OEV) of lending protocols. API3 stated that choosing Arbitrum Orbit as the backend infrastructure is to ensure the execution, uptime, and scalability of the OEV network.

API3 will build its OEV network on Arbitrum Orbit to optimize performance