Switchboard, the fully permissionless and highly customizable oracle network, has unveiled its innovative Oracle Aggregator that allows users to seamlessly aggregate data across multiple oracle networks, including Chainlink and Pyth Network, unlocking access to thousands of new data sources.
The introduction of the Oracle Aggregator helps developers fortify their projects against oracle attacks while reducing costs and offering total customizability. In 2023, the Web3 industry lost over $500 million to price manipulation attacks, up from $403.2 million in 2022, accounting for 33% of the total value lost to hacks. By significantly increasing the number and type of data sources users can query, Switchboard’s new oracle aggregator makes it easy to create hardened data feeds.
“Switchboard’s plug-and-play approach empowers users to break free from siloed sources, and leverage multiple oracle networks to boost data security and reliability,” said Switchboard CEO Chris H
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