The oracle track has always been an investment direction we prefer because it is niche, essential, and has high development difficulty, resulting in significant barriers to entry. Once usage habits are established, the cost of replacement will also be relatively high. As the underlying infrastructure for the entire #DEFI and even the future #RWA track, it is increasingly favored by institutions. 🧐

Switchboard (@switchboardxyz) is a decentralized, multi-chain oracle that can quickly and securely transmit any real-world data to smart contracts (naturally designed for RWA). Currently, Switchboard supports over 10 blockchains, including #Solana (SVM), EVM chains (such as Arbitrum), Move chains (such as Aptos and Sui), and Cairo chains (such as StarkNet), providing various SDKs like JavaScript and Rust. Switchboard prevents data tampering through Trusted Execution Environments (TEE), ensuring data accuracy, and guarantees that data does not become outdated through its oracle queue.

Recently, #Switchboard has been quite active, launching the first external #Jito staking node consensus network (NCN) on the #Solana mainnet to enhance the security and reliability of the oracle. The mainnet beta version will be launched in the coming weeks. Through integration with Jito's re-staking, #Switchboard adopts a decentralized and economically driven approach to ensure #Oracle services, ensuring that node operators receive fair incentives, making oracle data processing faster and more efficient, reducing downtime, and effectively improving data accuracy.

Additionally, #Switchboard's data feed, as its core function, allows 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.

🎯 Core advantages of #Switchboard:

• Fully 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 requiring real-time data.

• Data aggregation: Supports data integration from multiple sources, improving accuracy, reducing single points of failure, and enhancing reliability.

• Low cost, customizable: Adopts a pay-as-you-go model, avoiding high licensing fees and 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). Comparison with competitors:

Pyth is limited by permissioned data access, with delays of up to 1.2-1.4 seconds;

RedStone primarily 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.

In summary: #Switchboard is a new type of oracle that we are very optimistic about for the future. With the rapid evolution and iteration of RWA development, Switchboard stands out in the oracle field with its permissionless data creation, ultra-low latency, strong security, and decentralized architecture. Compared to Pyth, RedStone, and Chainlink, it offers greater freedom, lower costs, and faster response times, making it one of the ideal choices in the fields of DeFi, gaming, and RWA, worthy of attention and consideration. 🧐

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