According to Odaily Planet Daily, Chaos Labs announced the launch of the decentralized oracle protocol Edge to support Solana ecosystem DEX Jupiter. In the past two months, Edge has provided services for $30 billion in trading volume on Jupiter.
Edge consists of three components: price, risk, and proof. Price provides high-precision data through Chaos advanced algorithms; risk automatically adjusts parameters according to market conditions; proof enables secure on-chain transmission of custom data points.
Since migrating to Edge, Jupiter has seen a 70% reduction in price stale events, an 80% reduction in update fees, and a 5x increase in the number of verifiable prices in a single transaction.
