Jupiter, the leading Solana trading platform, has integrated Chaos Labs' Edge to enhance protocol stability.
Integration of Edge Oracle Network
Chaos Labs, the leader in blockchain risk management, announced the launch of Edge, a decentralized oracle protocol now powering Jupiter, the leading perpetuals exchange on Solana. Edge has already secured $30 billion in trading volume on Jupiter over the past two months, proving its effectiveness in the low-latency oracle category.
Benefits and Innovations of Edge
Fragmentation of liquidity and price discovery across networks complicates asset pricing. Chaos Labs developed the Edge Oracle Network to provide a sustainable solution. Edge delivers high-precision price data combined with actionable market intelligence. This helps DeFi applications maintain security and efficiency by providing realistic market data and risk factors. Key components of Edge include Price, Risk, and Proofs, which automate and securely deliver on-chain price and risk data.
Testimonials and Future Plans
Jupiter notes significant improvements thanks to Edge. Jupiter CTO, Siong, mentioned that using Edge has reduced latency and increased reliability by 70%. Jupiter CEO, Meow, added that Jupiter Perps aims to match CEX in performance, fees, and reliability, and Edge plays a crucial role in it. Chaos Labs also plans further announcements related to Edge in the coming weeks. In a recent Series A round, Chaos Labs raised $55 million, showcasing high investor interest in their solutions.
Chaos Labs' Edge has been integrated into Jupiter to enhance resilience and accuracy of protocols. This is a significant step for DeFi development on the Solana blockchain, demonstrating how modern technologies can improve the security and reliability of trading platforms.
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