Switchboard, founded in 2021, is pioneering the creation of a decentralized, community-curated oracle network on Solana. Its mission is encapsulated in its slogan: "Building a decentralized, community curated oracle network on Solana."
The core innovation of Switchboard is its ability to make all data—both on-chain and off-chain—easily accessible for developers through its permissionless ecosystem. This accessibility is enhanced by Switchboard v2, which allows builders to integrate any data on-chain, leveraging Solana's low transaction fees and high throughput. The platform is poised to unlock new possibilities in DeFi, NFTs, and Gaming.
In terms of financial backing, Switchboard secured a $7.50M Series A investment on 28 May 2024. This round attracted prominent investors such as Aptos, Mysten Labs, Rockaway Blockchain Fund, StarkWare, Tribe Capital, Breed VC, Ascensive Assets, Solana Foundation, Arche Fund, and SUBZERO+.
