The oracle sector has always been an investment direction we prefer because it is niche, essential, and has high development barriers due to its complexity, resulting in high switching costs once usage habits are formed. As the underlying infrastructure for the entire DEFI and future #RWA sectors, it is increasingly favored by institutions.
Switchboard (switchboardxyz), as a decentralized, multi-chain oracle, can quickly and securely transmit any real-world data to smart contracts (designed specifically for RWA).
Currently, Switchboard supports over 10 blockchains, including #Solana (SVM), EVM chains (like Arbitrum), Move chains (like Aptos and Sui), Cairo chains (like StarkNet), and provides various SDKs such as JavaScript and Rust. Switchboard prevents data tampering through Trusted Execution Environment (TEE), ensuring data accuracy, and guarantees data freshness through an oracle queue.
Recently, #Switchboard has been quite active, currently launching its first external Jito staking node consensus network (NCN) on the Solana mainnet to enhance the security and reliability of oracles. The mainnet test version will be launched in the coming weeks. By integrating with Jito's re-staking, Switchboard ensures #Oracle services through a decentralized and economically driven approach, ensuring fair incentives for node operators, making oracle data processing faster and more efficient, reducing downtime, and significantly improving data accuracy. Additionally, the Switchboard data feed, as its core feature, enables developers and users to seamlessly create custom data sources on the blockchain, connecting real-world information (such as cryptocurrency asset prices, weather, sports scores, etc.) to smart contracts. Its permissionless mechanism allows anyone to easily access data, with data transmission times as low as 400 milliseconds, ensuring efficiency and reliability. Switchboard's innovative solutions are accelerating the development of the Web3 ecosystem. Switchboard's core advantages:
• Completely Decentralized: Data streams can be created without any permission, allowing anyone to use them, eliminating entry barriers.
• Ultra-low Latency: An average data delivery speed of 400ms makes it an ideal choice for high-frequency trading, DeFi settlement, gaming, and other applications that require real-time data.
• Data Aggregation: Supports data integration from multiple sources, improving accuracy, reducing single points of failure, and increasing reliability.
• Low Cost, Customizable: Adopts a pay-as-you-go model, avoiding high licensing fees, providing greater economic efficiency. • Security: Utilizes TEE to ensure data is processed in an encrypted environment, preventing operators from tampering with data.
Competitive Analysis Switchboard & Pyth & #RedStone & #Chainlink #Switchboard is currently the most flexible and fastest decentralized oracle on the market, featuring completely permissionless data source creation, high security, and ultra-low latency (average 400ms). Competitive comparison: #Pyth is limited by licensed data access, with delays of up to 1.2-1.4 seconds; #RedStone mainly supports EVM chains, with update delays of 8-20 seconds, and data access requires approval.
Chainlink is an established oracle but has higher costs, and some services are only available to partners.
Summary: Switchboard, as a new type of oracle that we are very optimistic about for the future, stands out in the oracle field with its permissionless data creation, ultra-low latency, strong security, and decentralized architecture, especially as RWA develops rapidly. Compared to Pyth, RedStone, and Chainlink, it offers greater freedom, lower costs, and faster response times, making it one of the most ideal choices in fields like DeFi, gaming, and RWA, worthy of attention.
