API3, a leading decentralized oracle provider, has announced a strategic shift in its development approach for the upcoming OEV Network. Initially partnering with Polygon, API3 has now pivoted to Arbitrum Orbit, a Layer 2 solution known for its ease of launching scalable networks.

The move to Arbitrum Orbit is expected to accelerate the deployment of the OEV Network, which has been designed to provide broad support for DeFi protocols. API3 is currently conducting closed beta focus group efforts to pave the way for a rapid expansion towards the full launch.

Arbitrum Orbit offers distinct advantages in terms of transaction speed, operational costs, and scalability, making it an ideal choice for decentralized oracle services. By leveraging Arbitrum, API3 aims to redefine the capabilities of oracle services and their interaction with protocol-maximized extractable value (MEV) solutions.

The OEV Network from API3 is poised to offer a much-needed paradigm shift in decentralized oracle networks. By providing oracle services as part of MEV recapture protocol solutions, API3 is creating a safer and more efficient blockchain ecosystem.

The anticipation surrounding the OEV Network is high, as it is expected to enhance the operational efficiency and security of DeFi protocols.