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Switchboard Launches the First On-Demand Oracle Aggregator on Sui, Unlocking Customizable Data Solutions for Developers

November 22, 2024 By Crypto Reporter PR

Switchboard, a leading decentralized oracle provider, has announced the integration of Switchboard On-Demand on Sui, making it the first real-time, customizable, and permissionless oracle aggregator available on the Layer 1 and smart contract platform. With parallelized data handling that complements Sui’s parallelized transaction model, Switchboard On-Demand brings high-speed, scalable data solutions to Sui developers and end-users alike, enhancing data-driven experiences across DeFi, gaming, and more.

Switchboard On-Demand aggregates data from multiple sources—including Chainlink, Pyth, and Switchboard—into a single, reliable feed that developers can customize to suit their application needs. By parallelizing oracle requests and compute logic, Switchboard can deliver data feeds at higher speeds and with lower latency, synergizing Sui’s ability to process multiple transactions simultaneously. This integration will significantly increase the efficiency of data delivery on Sui, enabling high-performance apps to process real-time information smoothly, without bottlenecks.

“Switchboard was one of the earlier oracles to be deployed on Sui in 2023, and our deepening partnership through the integration of On-Demand aligns with our goal to offer developers unmatched flexibility, security, and control over their data,” said Chris Hermida, Co-founder of Switchboard. “By making data responsive and customizable, we’re creating opportunities for developers to meet the evolving needs of end-users, providing them with richer, more accurate data across all dApps on the Sui blockchain.”

As the first and only permissionless oracle on Sui, Switchboard On-Demand empowers developers with complete control over data parameters and source options, allowing them to create data-driven applications optimized for cost, speed, and performance on Sui. For end-users, the flexibility and immediacy of Switchboard On-Demand translates to richer, more responsive application interactions, whether it be sourcing secure, real-time price feeds or seamless gaming experiences.

“The rapid pace of crypto demands instantaneous and reliable information for developers and end users alike,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Switchboard On-Demand’s launch on Sui will provide significant value to Sui builders and the Sui ecosystem as a whole.”

With this integration, Switchboard reinforces its commitment to Sui’s rapidly expanding ecosystem with over $1B in TVL, already collaborating with various projects, including native memecoins and innovative new products. By delivering reliable and adaptable data solutions, Switchboard is poised to empower developers and users alike, driving growth in Sui’s Web3 gaming and DeFi landscape.

About Switchboard

Switchboard is the world’s largest customizable oracle network and the first oracle aggregator, helping secure nearly $1.6 of value across a number of different ecosystems including Solana, Aptos, Sui, Ethereum, Arbitrum, Starknet, Core and others. With Switchboard on-demand, Switchboard enables just in time data feeds – allowing latency sensitive users securely bring the exact customized data they need, exactly when they need it on chain.

About Sui 

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, please visit https://sui.io.

Filed Under: Press Releases

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