Pyth Network (Low-latency pull oracle sourced straight from 120+ first-party trading firms and exchanges) versus Switchboard (Permissionless, fully customizable pull oracle (Solana-born, now multichain)) — how they differ on type, coverage and what they’re built for.
| Pyth Network | Switchboard | |
|---|---|---|
| Type | Pull | Pull |
| Update model | Publishers stream prices to Pythnet → relayed via Wormhole → pulled on-demand by the consuming chain. Updates ≈ every 400 ms. | Switchboard On-Demand: anyone can define any feed permissionlessly, validated inside a TEE for tamper-resistance. |
| Chains | 90+ | Solana + EVM/L2 |
| Feeds | 1,300+ | Custom / any |
| Security | Aggregates 120+ first-party publishers (exchanges, market makers) on Pythnet with confidence intervals. | TEE-based execution (Switchboard On-Demand) with on-chain verification. |
| TVS* | ~$3.1B | Emerging on EVM |
| Token | PYTH | — |
| Best at | HFT-grade latency and real-world assets (equities/FX/commodities); pull means you only pay gas when you read | Permissionless custom feeds — list any asset without waiting for the provider to support it |
* Approximate total value secured — dated market snapshot (DefiLlama / provider reports, 2026).
Pick Pyth Network when hft-grade latency and real-world assets (equities/fx/commodities); pull means you only pay gas when you read matters most; pick Switchboard when permissionless custom feeds matters more.