Switchboard, a leading oracle protocol known for its speed and customization, is currently valued at approximately $12 million, significantly undervalued compared to its peers. The protocol has secured a total collateral value of $5.5 billion and offers ultra-low latency of 300 milliseconds through its Surge product. Despite these achievements, its market cap is only 0.08% of that of Chainlink, highlighting a potential for substantial valuation correction. Switchboard is actively building its developer ecosystem, offering over 6,000 indexable assets and no-code UI tools to lower integration barriers. More than 50 major decentralized applications, including Jito, Drift, and Kamino, utilize Switchboard's services, protecting over $5 billion in on-chain value. The protocol has also partnered with Kalshi, the second-largest prediction market, to bring over 18,000 real-time data sources on-chain, forming the largest prediction market data set. Currently, the $SWTCH token is priced at $0.0392, down 79% from its all-time high of $0.203, with a 30-day decline of 52.1%. Analysts suggest that the token is in an oversold region, with a short-term rebound to $0.05 (+20%) likely, and a mid-to-long-term target of $0.10-0.15 (+150-260%) as the oracle sector's valuation normalizes.