---
title: "Switchboard deprecates all oracle implementations, giving Solana DeFi six days to migrate"
date: "2026-09-21T00:00:00.000Z"
updated: "2026-09-21T01:35:19-07:00"
tags: []
summary: "Switchboard Technology Labs is winding down after naming AI tooling, the bear market and direct data deals as reasons for the closure."
canonical: "https://transacts.today/a/2026-09-21-switchboard-deprecates-all-oracle-implementations-giving-solana-defi-six-days-to"
---

# Switchboard deprecates all oracle implementations, giving Solana DeFi six days to migrate

*Switchboard Technology Labs is winding down after naming AI tooling, the bear market and direct data deals as reasons for the closure.*

Switchboard Technology Labs, developer of the Switchboard oracle network on Solana, announced on September 19, 2026 that all of its oracle implementations are deprecated effective immediately, with all support services ending on September 25, 2026. Protocols that read Switchboard price feeds have six days to migrate.

Solana DeFi protocols named as Switchboard integrators include Kamino Finance, Jito, MarginFi and Drift Protocol. Switchboard's migration guidance names [Pyth Network](https://docs.pyth.network/) and [RedStone](https://docs.redstone.finance/) as replacements. Migrating an oracle means updating smart contracts, integrating and testing the new feeds, and verifying price accuracy and update frequency before the old feeds stop.

Switchboard gave three reasons for the shutdown. AI tooling has lowered the cost of building proprietary oracle infrastructure, eroding the pricing power that made a standalone oracle network viable. The prolonged bear market compressed budgets and launch schedules for the new chains and protocols that drove customer growth. And large data consumers are increasingly negotiating directly with data providers, bypassing oracle middleware; the reports cite Hyperliquid working directly with S&P as the model.

The company raised $11.2 million in total, including a $7.5 million Series A in May 2024 led by Tribe Capital and RockawayX, with participation from the Solana Foundation, Aptos and StarkWare.

The wind-down follows a separate incident. On August 29, 2026, Switchboard suspended its feeds on Aptos, Sui, IOTA and Movement after a suspected oracle key compromise. An attacker used the compromised key to set the IOTA price feed to about $10 million and minted roughly 4.94 million VUSD through the Virtue CDP protocol. Full Sail on Sui confirmed a loss of funds, with 45 users liquidated. Solana feeds were not affected by the August incident.

Switchboard's SWTCH governance token launched in September 2025 with fee-sharing and operator delegation design. According to Solana Compass, the network was processing hundreds of millions of data requests weekly at the time of the announcement, serving more than 550 unique feeds across 53 distinct programs on Solana and ten other chains.

The closure lands in a difficult year for crypto project viability. Over 260 crypto projects have shut down in 2026, according to reporting.

Pyth Network, governed by the PYTH token, was already serving a broad set of Solana protocols before the announcement. RedStone offers a pull-model architecture that some protocols prefer for cost efficiency across multi-chain deployments, according to its documentation.


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