According to CoinDesk, Jupiter, an on-chain derivatives trading platform, faced challenges during high volatility in the Bitcoin markets. Users experienced issues with failed trades and liquidated positions, while the platform reassured them that their funds were secure. Jupiter, a major venue for swapping perpetual futures contracts of Solana tokens, encountered difficulties with its infrastructure for tracking crypto prices.

The full extent of the problem was not immediately known, but traders on Jupiter’s Discord server reported losing SOL due to trades not going through. A message sent to users who submitted tickets stated, ‘There’s currently congestion happening with the oracle, rest assured that the funds are safe and failed position funds will be returned to your wallet soon.’ On-chain trading platforms like Jupiter rely on oracles, or price data feeds, to function properly. However, during times of high volatility, these oracles can struggle, especially when on-chain trading activity surges, resulting in a range of issues.#Write2Earn‬