Chaos Labs Founder: The decentralized oracle protocol Edge has processed over $40 billion in transactions

2024-09-20 13:54:37

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ChainCatcher news, at the Solana Breakpoint conference, Chaos Labs Founder & CEO Omer Goldberg stated that their decentralized oracle protocol Edge, launched last week, has processed over $40 billion in transactions.

It is reported that Edge is the main oracle for Jupiter, capable of dynamically and in real-time adjusting on-chain risk parameters to enhance the responsiveness and efficiency of DeFi platforms in volatile markets, and supports secure on-chain delivery of custom data points.

According to data from the Web3 asset data platform RootData, on September 19, Chaos Labs announced that it received investment from PayPal Ventures; on August 15, Chaos Labs announced that it secured $55 million in Series A funding led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, Spartan Capital, as well as Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures.

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Chaos Labs Cryptographic Protocol Automated Economic Security System