PayPal Ventures, the global venture capital arm of PayPal, has announced a significant additional investment in Chaos Labs, an emerging leader in onchain risk management. This move not only highlights PayPal’s faith in Chaos Labs’ innovative blockchain solutions but also underscores the growing importance of risk management in the rapidly evolving crypto landscape.
Chaos Labs recently launched Edge, a cutting-edge decentralized oracle protocol that has already made waves in the industry. Within two months, Edge secured an astonishing $30 billion, earning adoption from major exchanges like Jupiter and GMX. The protocol combines precise price data with actionable market insights, addressing critical security and efficiency needs for decentralized finance (DeFi) applications.
Omer Goldberg, CEO and Founder of Chaos Labs, remarked, “Receiving this additional support from PayPal Ventures signifies strong confidence in our mission. Edge represents the culmination of our expertise, providing meaningful risk and price data for various assets, including stablecoins and real-world assets.”
The investment follows a successful $55 million Series A funding round led by Haun Ventures, with participation from notable investors such as F-Prime Capital and Slow Ventures. With this new capital, Chaos Labs aims to enhance its offerings, having already tripled its customer base and secured billions in trading volume and loans.
PayPal Ventures’ investment aligns with its commitment to fostering innovation within the blockchain ecosystem. In a notable move earlier this year, PayPal launched its stablecoin, PYUSD, on the Solana blockchain, indicating a broader strategy to integrate blockchain technology into its financial services.
Amman Bhasin, Partner at PayPal Ventures, stated, “Our ongoing investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem. Their emergence as a leading risk authority is commendable, and we look forward to seeing how innovative products like Edge mitigate vulnerabilities within the space.”
Editorial Perspective
Chaos Labs is poised to redefine the onchain risk management industry, a sector that is becoming increasingly critical as decentralized finance continues to expand. The introduction of Edge not only addresses immediate market needs but also positions the company as a frontrunner in establishing trust and security within the blockchain ecosystem.
As the crypto landscape grows, the need for reliable risk management solutions will only intensify. Chaos Labs’ focus on providing accurate, actionable data can significantly enhance the resilience of DeFi platforms. By fostering innovation and collaboration with major players like PayPal, Chaos Labs is well-positioned to lead the way in creating a safer and more efficient financial environment.
For more insights on Chaos Labs and its pioneering technology, visit Chaos Labs and PayPal Ventures.
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