Perpl Upgrades to Chainlink Data Streams on Monad for Enhanced Trading Accuracy
Perpl, a high-performance perpetual futures exchange on the Monad L1 blockchain, has upgraded to chainlink Data Streams and DataLink, solidifying Chainlink as its official oracle provider. This integration aims to enhance mark-price accuracy, liquidation reliability, and support sub-second data for leveraged trading.
The MOVE underscores Chainlink's expanding role in DeFi infrastructure, following recent BUILD and CCIP integrations with institutional partners. Perpl's adoption of institutional-grade price feeds addresses historical limitations of older L1 networks, enabling CEX-like performance in a decentralized environment.
Built on Monad's EVM-compatible LAYER 1 with high throughput capabilities, Perpl eliminates the need for AMMs or custom app-chains that previously constrained perpetual futures exchanges. The platform now leverages Chainlink's ecosystem for all market operations, signaling growing convergence between decentralized finance and institutional-grade data solutions.