After six months, the highly anticipated oracle Switchboard finally held its TGE. While it took a while, the results were impressive, with a stellar lineup of exchanges.
$SWTCH
- CEX: Binance alpha, Bitget, KuCoin, Gate, HTX
- DEX: Backpack, Raydium, Orca
The reason for this optimism is simple: Switchboard is the fastest oracle, unrivaled in its class.
Specifically, Surge achieves millisecond latency through a TEE (Trusted Execution Environment) and supports over 500 updates per minute, making it the lifeblood of high-performance DeFi.
Lower slippage, better transaction prices, more accurate liquidations, reduced bad debt risk, higher capital efficiency, and deeper liquidity are all achieved through high-speed updates.
With the rapid rise of the Oracle AMM model (now accounting for over 50% of Solana's on-chain transaction volume and $87 billion in 30-day trading volume), Switchboard has become the only infrastructure capable of meeting its speed and scale requirements.
In terms of applications, it has been used by over 50 blockchains, including Jito, Drift, Kamino, and Marginfi. Top applications provide data support, securing over $5 billion in assets.
In terms of financing, it has secured $11 million in investment from top VCs such as Tribe Capital and RockawayX, as well as support from the core ecosystems of Solana, Aptos, Sui, and Starkware.
Simply put, $SWTCH is a must-watch asset with enormous arbitrage potential.
#Oracle