Chaos Labs has announced the launch of its decentralized oracle protocol, Edge, to support Jupiter, a decentralized exchange (DEX) on the Solana ecosystem. Over the past two months, Edge has powered over $30 billion in trading volume on Jupiter. Edge consists of three components:

• Price: High-precision price data provided by Chaos's advanced outlier and anomaly detection algorithms, integrated into a risk engine.
• Risk: Automated on-chain real-time parameter adjustments based on current market conditions.
• Proof: Secure on-chain delivery of custom data points, including reserve proofs transmitted via zero-knowledge proofs (ZKP).

Since migrating to Edge as its primary oracle, Jupiter has experienced a 70% reduction in price staleness events and an 80% decrease in update costs. This is attributed to the payload efficiency of Edge's price reporting, which has enabled Jupiter to verify five times the amount of prices in a single transaction. (ChainWire)