The Switchboard Foundation Group (@SwitchboardFDN) has officially announced that the decentralized oracle protocol Switchboard is shutting down, with all support ending on September 25, 2026. Switchboard stated that the widespread adoption of AI technology has eroded the pricing power of oracles, bear market conditions have compressed budgets for new chains, and the growing trend of institutions like Hyperliquid and S&P directly partnering with data providers has undermined the value proposition of third-party oracles. After exhausting all alternative options, Switchboard Technology Labs Inc., the core development contributor, has decided to cease operations, and all implementations are now deprecated. Protocols currently relying on Switchboard must migrate immediately to other oracle providers. The official recommendation is to transition to Pyth or Redstone as alternatives, and the technical support team will provide migration guidance during the final week.
Switchboard Oracles Announces Closure; Users Have One Week to Migrate
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Summary
Switchboard Oracles Announces Closure; Users Have One Week to Migrate. The Switchboard Foundation Group has confirmed the shutdown of its decentralized oracle protocol, with support ending on September 25, 2026. The decision follows AI-driven cost reductions, pressures from the bear market, and direct institutional partnerships that have diminished the value of third-party oracles. Switchboard Technology Labs Inc. has ceased operations and is urging protocols to migrate to Pyth or Redstone. Altcoins to monitor may include projects with robust on-chain data integration. Technical support will be available during the final week.
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