Chaos Labs launches decentralized oracle protocol Edge, which has supported $30 billion in transactions on Jupiter

Chaos Labs announced the launch of Edge, a decentralized oracle protocol, to support Jupiter, the Solana ecosystem DEX. In the past two months, Edge has provided its services for $30 billion in trading volume on Jupiter. Edge consists of three components: Price: Provides high-precision price data through an integrated risk engine powered by Chaos' advanced outlier and anomaly detection algorithms; Risk: Automatically provides real-time parameter adjustments on-chain based on current market conditions; Proof: Enables secure on-chain delivery of custom data points, including proof of reserves delivered via zero-knowledge proofs (ZKP). Since migrating to Edge as its primary oracle, Jupiter has seen a 70% reduction in stale price events and an 80% reduction in update fees, thanks to the payload efficiency of Edge price reports, which has increased the number of prices that Jupiter can verify in a single transaction by 5 times. (ChainWire)