Chainlink has secured another major integration in the rapidly growing derivatives market, as Perpl—a perpetual futures exchange built on the Monad blockchain—announced that it has fully upgraded its oracle system to Chainlink Data Streams and DataLink. The move makes Chainlink the official pricing infrastructure across all of Perpl’s supported markets, signalling another step forward in Chainlink’s expanding footprint within high-performance decentralised finance.
Perpl operates on Monad, a new EVM-compatible Layer 1 designed to deliver fast finality and high throughput. As a perpetual futures platform, Perpl enables users to trade leveraged long and short positions without expiry—a model that depends heavily on precise, real-time pricing. The team behind the project noted that earlier generations of perpetual DEXs were forced to rely on automated market makers or build custom app-chains because older blockchain networks could not handle the speed required for traditional order-book execution. Perpl aims to change that by offering centralised-exchange-level performance while maintaining full decentralisation, making high-quality market data critical.
The latest upgrade brings Chainlink’s high-frequency market data tools directly into Perpl’s core architecture. Chainlink Data Streams will provide rapid, sub-second pricing updates used to assess margin, determine liquidation thresholds, and synchronise order-book operations. DataLink, Chainlink’s messaging framework, pushes that data into Perpl’s matching engine in a way that ensures consistent pricing across all components of the protocol.
According to Perpl, adopting Chainlink’s full data stack aligns with its ambition to deliver a trading experience that rivals centralised exchanges while allowing users to retain control of their assets. The integration is expected to improve mark-price accuracy and reduce the risk of incorrect or delayed liquidations—two of the biggest challenges facing leveraged derivatives protocols.
For Chainlink, the move adds to a string of recent partnerships that highlight its growing role as foundational infrastructure for DeFi and institutional blockchain applications. Only days earlier, Spicenet—a decentralised brokerage network—joined the Chainlink BUILD program, committing to use Chainlink as its exclusive oracle and cross-chain routing provider. That agreement includes plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which enables secure movement of assets and messages across multiple blockchains.
By bringing Perpl into its market data ecosystem, Chainlink also expands its presence within the Monad ecosystem—a network attracting attention for its high-speed execution environment. As more derivatives platforms transition to order-book models requiring millisecond-level updates, Chainlink Data Streams are increasingly being adopted as the default solution for accurate, tamper-resistant pricing.
Both teams say this is only the beginning. Perpl plans to introduce support for additional assets, while Monad aims to draw more liquidity and developers to its ecosystem. The integration lays the foundation for future collaborations as decentralised derivatives markets grow more competitive and demand more sophisticated data infrastructure.
