Chaos Labs Launches Decentralized Oracle Protocol Edge for Solana Ecosystem

According to Odaily, Chaos Labs has announced the launch of its decentralized oracle protocol, Edge, which supports the Solana ecosystem's decentralized exchange (DEX) Jupiter. Over the past two months, Edge has facilitated $30 billion in trading volume on Jupiter. Edge comprises three main components: Price, Risk, and Proof. The Price component provides high-precision price data through Chaos Labs' advanced outlier and anomaly detection algorithms. The Risk component automatically adjusts real-time parameters on-chain based on current market conditions. The Proof component ensures secure on-chain transmission of custom data points, including reserve proofs via zero-knowledge proofs (ZKP). Since migrating to Edge as its primary oracle, Jupiter has experienced a 70% reduction in stale price events and an 80% decrease in update costs. This improvement is attributed to the payload efficiency of Edge's price reporting, which has increased the number of prices Jupiter can verify in a single transaction by five times.