🚀Switchboard, a Solana-based Oracle solutions provider, has successfully raised $7.5M in a Series A funding round! 💰 The round, led by Tribe Capital and RockwayX, will accelerate Switchboard's mission to provide secure, permissionless oracle solutions, empowering the Web3 community.

Switchboard's decentralized Oracle network connects dApps with real-world data sources, safeguarding over $1.78 billion in total secured value. Their On-Demand service offers a cost-efficient, low-latency, and highly secure data solution tailored for blockchain applications.

Unlike other blockchain oracles, Switchboard operates within confidential runtimes, ensuring the oracle cannot view the data it collects or the operations it executes. This gives end users a first-mover advantage through data propagation.

Recently, Switchboard partnered with MagmaDAO and Kintsu to enhance the capabilities of liquid staking tokens on the Monad network. The project has also expanded its On-Demand service to serve all EVM Networks, offering instant data access, cost efficiency at scale, and advanced security features.

What are your thoughts on Switchboard's recent developments? Share in the comments below! 🎉👇