Switchboard Oracle Announces Shutdown, Users Must Migrate Within One Week

The decentralized oracle protocol Switchboard (Switchboard Foundation Group) has announced its official closure, with all support ending on September 25, 2026. The foundation cited the impact of AI on oracle pricing power, budget constraints in the bear market, and the trend of institutions like Hyperliquid partnering directly with entities like S&P as reasons for the shutdown. Core developer Switchboard Technology Labs Inc. has ceased operations and recommends that users migrate to Pyth or Redstone immediately.