🧐Switchboard｜The fastest oracle is about to have its TGE——

Just now, #Binance Alpha and several exchanges announced that $SWTCH is about to go live. Switchboard @switchboardxyz is a project I have been following for a long time:

The reason for my interest is summed up in one word: speed!

I used to think that there were only a few familiar faces in the oracle space, but Switchboard's new product Surge claims to achieve a 7ms latency and 500 updates per minute, which amazed me:

This might not mean much to everyone, but when you compare it, you'll see that this speed is hundreds of times faster than the common ones like Pyth and Chainlink.

For DeFi market making and liquidation, this speed is literally a matter of life and death.

So, the core price feeds behind the Oracle AMM model on Solana (which has seen over $8 billion in trading volume in the past month) mostly rely on Switchboard @switchboardxyz.

Additionally, Switchboard is also impressive in terms of data and funding:

It has already integrated with over 50 applications (such as Jito, Drift, Kamino, GMX, etc.), protecting assets worth over $5 billion. The funding lineup includes institutions like Tribe, RockawayX, Solana Foundation, Aptos, Mysten Labs, Starkware, etc., which I think are worth paying close attention to!

The official announcement today provided detailed information about the TGE and tokenomics:

The token $SWTCH will simultaneously launch on #Binance Alpha and several exchanges. The known information so far is——

DEX launch: Backpack, Raydium, Orca;

CEX launch: Binance Alpha, Bitget, KuCoin, Gate, and HTX;

BN Alpha is expected to go live around 9 PM tonight;

If Oracle AMMs are the future of DeFi, then speed is the only decisive factor ——

And Switchboard is the only oracle born for this purpose!

I hope to see even better stories after the TGE, and I will continue to follow this!

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