According to TechFlow, on June 27, decentralized Web3 oracle API3 announced that its OEV network will be transferred to Arbitrum Orbit for construction. This move aims to optimize on-chain solutions to recapture the oracle extractable value (OEV) of the lending agreement. API3 stated that the choice of Arbitrum Orbit as the background infrastructure is to ensure the execution, uptime and scalability of the OEV network.
