Edge Oracle Network

Oracle network on Solana and EVMs

Basics

Announced: 12-9-2024, but saying it had been operating for 2 months already.

Governance

• "In the coming weeks, we'll fully decentralize the Edge Oracle Network. Partners like @galaxydigital, Nethermind, and Blockdaemon will join as network participants" (12-9-2024)

Tech

• Built on: Solana and EVMs
• From the announcement coming out of stealth (12-9-2024):

"Edge's architecture allows it to provide not just prices, but contextual integrity. It understands market dynamics, liquidity fragmentation, and potential manipulation vectors across multiple chains and protocols.

Key features of Edge:

1. Offchain and Cross-chain data aggregation and analysis
2. Native risk management and anomaly detection
3. Low-latency, high-security design for leveraged, and derivative markets
4. Reduced burden on application developers for price integrity checks"

Usage

• From the announcement coming out of stealth (12-9-2024):

"It has secured over $30B in transaction volume as @JupiterExchange's primary Oracle, powering more than >60% of all Solana’s perp volume over the past two months."

And

"@GMX_IO and other market-leading teams have selected Edge to configure critical parameters in real-time."

Team

Chaos Labs