Back Icon Image
News list

Chaos Labs Founder: Decentralized Oracle Protocol Edge Has Processed Over $40 Billion in Transactions

Article is form followin
September 20, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Chaos Labs' Edge Oracle Processes Over $40 Billion in Transactions

At the Solana Breakpoint conference, Omer Goldberg, Founder and CEO of Chaos Labs, announced that their decentralized oracle protocol, Edge, which launched last week, has already processed over $40 billion in transactions.

Edge is the primary oracle for Jupiter, enabling dynamic and real-time adjustments of on-chain risk parameters. This enhances the responsiveness and efficiency of DeFi platforms during volatile market conditions. Edge also supports secure on-chain delivery of custom data points.

According to RootData, a Web3 asset data platform, Chaos Labs received an investment from PayPal Ventures on September 19th. On August 15th, the company announced a $55 million Series A funding round led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.