Switchboard Oracle Network to Cease Operations Amidst AI Growth and Market Shifts
Decentralized oracle provider Switchboard has announced the discontinuation of its services. Technical support will officially end on September 25, 2026, prompting DeFi protocols to seek alternative data sources.
Switchboard cited the rise of AI, which lowers the barrier for in-house data solutions, and the prolonged cryptocurrency bear market as key factors. Additionally, a shift towards direct data procurement models between DeFi platforms and traditional data providers is challenging the traditional third-party oracle model. Protocols are advised to migrate to providers like Pyth Network or RedStone to ensure data integrity.
https://cryptovka.com/news/switchboard-oracle-network-to-shut-down-citing-ai-growth-and-market-shifts
npub1kc…f0vwv
2026-09-19 05:50:38 UTC
Author Public Key
npub1kc6crlknw8nkcrnhe222s694duv3cwcxysxqypdlr6gf35kve3ysnf0vwvPublished at
2026-09-19 05:50:38 UTCEvent JSON
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"content": "Switchboard Oracle Network to Cease Operations Amidst AI Growth and Market Shifts\n\nDecentralized oracle provider Switchboard has announced the discontinuation of its services. Technical support will officially end on September 25, 2026, prompting DeFi protocols to seek alternative data sources.\n\nSwitchboard cited the rise of AI, which lowers the barrier for in-house data solutions, and the prolonged cryptocurrency bear market as key factors. Additionally, a shift towards direct data procurement models between DeFi platforms and traditional data providers is challenging the traditional third-party oracle model. Protocols are advised to migrate to providers like Pyth Network or RedStone to ensure data integrity.\n\nhttps://cryptovka.com/news/switchboard-oracle-network-to-shut-down-citing-ai-growth-and-market-shifts",
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