What SEDA does

SEDA is a multichain oracle infrastructure protocol that delivers real-time, customizable data feeds to decentralized applications across 23+ blockchain networks. Its core architecture separates data request routing (a dispatcher layer) from data response formatting (EOA-based adapters), allowing protocols to request any data type — not just price feeds — without deploying custom smart contracts. The protocol is operated by the Open Oracle Association, a Swiss association headquartered in Zug, and is governed in part by SEDA token holders who stake to validators on SEDA Chain, a Byzantine fault-tolerant Layer 1 purpose-built for oracle request settlement.

The product portfolio comprises four customer-facing offerings — Signal (24/7 composite feeds aggregating 17+ data providers), Bundles (customizable multi-asset feed builder with weighting and rebalancing), Outcomes (programmable resolution for prediction markets and exotic derivatives with sub-200ms median latency), and Pre-IPO (institutional-grade private-company pricing for 5,000+ private companies) — plus supporting infrastructure including SEDA FAST (low-latency API framework with tiered latency), Oracle Programs (deterministic computation modules), Data Proxies (API-key middleware), and the SEDA Chain, Overlay Network, and Solver Network that handle cross-chain settlement and data ingestion.

SEDA operates a product-led go-to-market motion targeting Web3 developers through self-service channels (the Signal platform, SDKs, developer documentation, Discord, GitHub, and hackathons). Revenue is generated via usage-based per-data-request fees with custom pricing negotiated per protocol, and customer adoption is anchored by flagship partnerships with Hyperliquid (perpetual futures) and Injective (Layer 1 DeFi ecosystem), alongside Perps.Fun, Outcome, Dreamcash, and Nunchi. The company has raised approximately $22M in 2021 across disclosed funding rounds and does not publicly report revenue or ARR.

Name

SEDA

Legal name

Open Oracle Association

Website

https://seda.xyz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

SEDA is a multichain oracle infrastructure protocol enabling DeFi protocols to access real-time, customizable data feeds across 23+ blockchain networks. It serves Web3 developers and protocol teams via a product-led platform, monetizing through usage-based per-request fees.

Ownership category

akta.pro rank

Product category

Blockchain Oracle Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Oracle Networks & Off-Chain Data (price feeds, randomness, attestation) (FSAPABAE)

akta.pro secondary industries

Oracle Node Operators & Data Provider Networks (FSADAKAH), Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF)

Keywords

• Oracle infrastructure
• Blockchain data feeds
• Cross-chain oracle
• Data aggregation
• DeFi protocols

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Oracle Data Request Fees: Protocols pay per data request when consuming SEDA's oracle feeds. Each data request through the dispatcher layer incurs a fee based on consumption volume. This is the primary revenue stream, operating on a usage-based consumption model where more data requests generate higher revenue. The fee structure is not publicly disclosed and appears to be negotiated per protocol based on volume and data type requirements.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SEDA provides programmable, modular oracle infrastructure for blockchain networks, delivering real-world and on-chain data to DeFi protocols across 23+ blockchains. Its core product suite includes Signal (24/7 composite data feeds), Bundles (custom feed builder), Outcomes (programmable market resolution), and Pre-IPO (private company pricing data), supported by the SEDA Chain L1, Overlay Network, Solver Network, SEDA FAST low-latency framework, and EOA-based adapter architecture.

Product overview

SEDA is a programmable oracle infrastructure platform consisting of multiple interconnected products. The core architecture comprises the SEDA Chain (L1 blockchain for data request settlement), Overlay Network (distributed HTTP fetching), and Solver Network (routing layer for omnichain data). The product portfolio includes four main offerings: Signal (24/7 composite data feeds), Bundles (custom feed builder with configurable weighting), Outcomes (programmable resolution for custom market outcomes), and Pre-IPO (onchain private company pricing). Supporting infrastructure includes SEDA FAST for low-latency API access, Oracle Programs as programmable data retrieval modules, and Data Proxies as API connectors. The platform integrates with 14+ data providers including Pyth, Coinbase, Kraken, and Binance to deliver data across equities, crypto, commodities, forex, and private markets.

Differentiator

Problem solved

Functional benefit

Brands

• SEDA Signal: 24/7 composite feeds for perpetual markets delivering continuous data across equities, commodities, indices, and private equity when traditional markets are closed.
• SEDA Bundles
• SEDA Outcomes
• SEDA Pre-IPO
• SEDA FAST
• SEDA Chain

Products and services

• Signal 24/7 composite data feeds for perpetual markets aggregating data from leading providers, exchanges, and trading venues across equities, commodities, indices, and crypto. Offers configurable latency tiers with multi-source aggregation and automatic failover. Targeted at DeFi protocols building perpetual and prediction markets.
• Bundles Custom data feed builder enabling combination of any data sources from any asset class with configurable weighting, automatic rebalancing, and cross-asset coverage. Supports equities, crypto, commodities, private equity, prediction markets, and real estate data in unified feeds for DeFi protocols.
• Outcomes Programmable resolution infrastructure for custom market outcomes using ultra-low latency data feeds from any public or private source. Powers prediction markets, exotic derivatives, structured products, sports outcomes, and weather triggers with sub-200ms median resolution latency.
• Pre-IPO Onchain pricing for private companies providing institutional-grade data feeds for 5,000+ private companies. Offers Reference Feed mode (1:1 real-world secondary market tracking) and Free-Float Feed mode (self-referencing onchain price discovery). Supports Solana, Ethereum, Base, and Monad chains.
• SEDA Chain Layer 1 blockchain serving as the canonical ledger for data request settlement, validation, and economic finalization under Byzantine fault-tolerant consensus. Developers deploy, store, and access Oracle Programs and Data Proxies on this network.
• SEDA FAST Specialized oracle framework built on SEDA Core for low-latency access to Oracle Programs across any network. Achieves lower response times through optimized off-chain execution layer with REST API and WebSocket endpoints.
• Oracle Programs Programmable, deterministic, verifiable computation modules that fetch any public or private external data source off-chain or onchain, apply custom logic, and deliver structured outputs via on-chain or ultra-low-latency API/WebSocket connections.
• Data Proxies Middleware component acting as pipeline between any API and SEDA by holding API keys for data provider services. Enables private and proprietary data consumption without revealing secrets.

Quantifiable outcome

• SEDA is deployed across 23+ blockchain networks simultaneously
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability2 records

Feature5 records

Partnerships

27 partnerships are on record, tiered core.

• HyperliquidcoreTechnology or Integration · 1 January 2024Hyperliquid is a high-performance perpetual futures protocol and SEDA's flagship integrated protocol partner. Hyperliquid uses SEDA as its primary oracle for real-time price feed data powering perpetual futures trading. The integration is mutual: SEDA gains a flagship reference customer demonstrating live oracle deployment at scale, while Hyperliquid receives reliable, low-latency oracle data. The partnership was publicly announced in 2024 as part of Hyperliquid's integration of SEDA's oracle infrastructure.
• InjectivecoreTechnology or Integration · 1 January 2024Injective is a Layer 1 blockchain optimized for DeFi, built at the intersection of Cosmos and Tendermint. Injective has integrated SEDA's data feeds to power real-time price data across its DeFi applications including perpetual exchanges, lending markets, and prediction markets. The mutual partnership enables Injective's DeFi ecosystem to access SEDA's oracle infrastructure while SEDA gains deployment on Injective's blockchain.
• Perps.FuncoreTechnology or Integration · 1 January 2024Perps.Fun is a perpetual exchange protocol that leverages SEDA's oracle infrastructure to deliver real-time price feeds for its perpetual exchange. The integration positions Perps.Fun as a consumer of SEDA's oracle data within its trading platform.
• OutcomecoreTechnology or Integration · 1 January 2024Outcome is a prediction market protocol that integrates SEDA's oracle data to power its prediction market platform, consuming oracle data feeds for market resolution and pricing.
• DreamcashcoreTechnology or Integration · 1 January 2024Dreamcash is a lending protocol that uses SEDA's oracle data feeds to support its lending protocol operations, likely for collateral valuation and interest rate calculations.
• NunchicoreTechnology or Integration · 1 January 2024Nunchi is a data infrastructure platform that leverages SEDA's oracle infrastructure as a data source for its analytics and aggregation services, integrating SEDA's oracle feeds into its broader data ecosystem.
• HyperlanecoreTechnology or IntegrationHyperlane is an interoperability protocol enabling secure cross-chain messaging. SEDA leverages Hyperlane for cross-chain oracle data delivery, deploying its oracle infrastructure across multiple blockchain networks through Hyperlane's interchain framework.
• EigenLayercoreTechnology or IntegrationEigenLayer is a restaking protocol on Ethereum. SEDA leverages EigenLayer for securing its oracle infrastructure through restaked ETH, enabling economic security for cross-chain data feeds deployed on Ethereum and connected networks.
• LayerZerocoreTechnology or IntegrationLayerZero is a omnichain interoperability protocol. SEDA is deployed across LayerZero-connected networks, enabling oracle data delivery through LayerZero's cross-chain messaging infrastructure.
• WormholecoreTechnology or IntegrationWormhole is a cross-chain protocol enabling token and data transfers across blockchain networks. SEDA leverages Wormhole for cross-chain oracle data delivery, expanding oracle availability across Wormhole-connected chains.
• IBC (Inter-Blockchain Communication)coreTechnology or IntegrationIBC is the Inter-Blockchain Communication protocol connecting Cosmos-sdk chains. SEDA is deployed across IBC-connected networks (Injective, Osmosis, Stride, Noble, Evmos) enabling oracle data feeds across the Cosmos ecosystem.
• SolanacoreTechnology or IntegrationSEDA has deployed its oracle infrastructure on Solana, enabling Solana-based DeFi protocols to access SEDA's oracle data feeds. Solana is one of the primary deployment chains for SEDA's oracle network.
• EthereumcoreTechnology or IntegrationSEDA has deployed its oracle infrastructure on Ethereum (L1), enabling Ethereum-based DeFi protocols to access SEDA's oracle data feeds. Ethereum is a primary deployment chain with additional security via EigenLayer restaking.
• BasecoreTechnology or IntegrationSEDA has deployed its oracle infrastructure on Base (Optimism's Layer 2), enabling Base-based DeFi applications to access oracle data feeds at lower cost and higher throughput than Ethereum L1.
• ArbitrumcoreTechnology or IntegrationSEDA has deployed its oracle infrastructure on Arbitrum (an Ethereum Layer 2), enabling Arbitrum-based DeFi protocols to access oracle data feeds with L2 efficiency.
• SeicoreTechnology or IntegrationSei Labs has integrated SEDA's data feeds to power real-time price data across its DeFi applications, with the partnership established in 2024. Sei is a Layer 1 blockchain optimized for DeFi.
• dxFeedcoreTechnology or IntegrationdxFeed is a real-time and historical market data provider. As a data provider partner, dxFeed supplies comprehensive financial market data feeds (equities, indices, forex) to SEDA's oracle network, enabling SEDA to aggregate and deliver market data across blockchain networks.
• CaplightcoreTechnology or IntegrationCaplight is a data provider supplying alternative data feeds to SEDA's oracle network. Caplight's data is aggregated through SEDA's adapter architecture, providing specialized data sources not available from traditional financial data providers.
• PythcoreTechnology or IntegrationPyth is a decentralized oracle network providing first-party financial market data. Pyth serves as a data provider to SEDA, contributing to SEDA's aggregated data feed network.
• CoinbasecoreTechnology or IntegrationCoinbase is one of the cryptocurrency exchange data providers powering SEDA's data feeds. Coinbase's exchange data (prices, order books, trading volume) is aggregated through SEDA's oracle adapters for use by DeFi protocols. Coinbase also powers the Pre-IPO Reference Feed alongside Kraken.
• KrakencoreTechnology or IntegrationKraken is a cryptocurrency exchange providing data feeds to SEDA's oracle network. Kraken powers the Pre-IPO Reference Feed alongside Coinbase, enabling DeFi protocols to access pre-IPO stock price data for RWA derivatives products.
• StorkcoreTechnology or IntegrationStork is a decentralized oracle and data provider that contributes to SEDA's oracle network, providing aggregated financial market data feeds.
• BinancecoreTechnology or IntegrationBinance is the world's largest cryptocurrency exchange and a data provider to SEDA. Binance's trading data (prices, liquidity, order flow) is a key input to SEDA's oracle price feeds.
• CoinGeckocoreTechnology or IntegrationCoinGecko is a cryptocurrency data aggregator providing market data (prices, trading volume, liquidity) to SEDA's oracle network, contributing to aggregated cryptocurrency price feeds across exchanges.
• CoinMarketCapcoreTechnology or IntegrationCoinMarketCap is a cryptocurrency data aggregator providing market data to SEDA's oracle network, complementing CoinGecko as an aggregated data source for cryptocurrency price feeds.
• PolymarketcoreTechnology or IntegrationPolymarket is a prediction market platform providing real-time prediction market odds and data. Polymarket data is integrated into SEDA's oracle feeds, enabling on-chain access to prediction market signals as a novel data source beyond traditional financial data.
• KalshicoreTechnology or IntegrationKalshi is a regulated prediction market platform offering event-based contracts. Kalshi's prediction market data feeds are integrated into SEDA's oracle network, enabling on-chain access to real-world event prediction data for DeFi applications.

Scale indicators3 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• DIA: DIA is an open-source cross-chain oracle platform providing verifiable price feeds and custom data for DeFi. It overlaps with SEDA on multi-chain oracle delivery and custom feed construction, with comparable customer segments including DeFi protocols and RWA use cases.
• API3: API3 operates a first-party oracle network where data providers run their own oracles (Airnodes). Like SEDA, it targets custom data feeds beyond prices and emphasizes cost/gas efficiency versus legacy oracle designs, making it a direct competitor for protocols seeking alternative oracle architectures.
• Tellor: Tellor is a decentralized oracle protocol using a proof-of-work style dispute mechanism for data feeds. It serves DeFi lending and synthetic asset protocols with price and custom data feeds, making it comparable to SEDA in target customers and oracle category.
• Pyth Network: Pyth is a first-party decentralized oracle network providing low-latency market data to Solana and other chains. Both SEDA and Pyth serve DeFi perps/lending with low-latency price feeds; Pyth is listed as one of SEDA's integrated data providers, indicating both competition and collaboration across overlapping use cases.
• Band Protocol: Band Protocol is a cross-chain data oracle network connecting APIs to smart contracts. SEDA explicitly references Band as an incumbent it differentiates against, and the two compete for similar DeFi protocol integrations on multi-chain data delivery.
• Supra (Oracle): Supra provides a vertically integrated oracle alongside its own L1, targeting DeFi use cases with low-latency price feeds and randomness. It competes directly with SEDA in the oracle infrastructure layer while taking a different go-to-market via its own blockchain.

Emerging players

• Stork Network: Stork is a decentralized oracle and data provider currently listed as an integrated data source within SEDA's network. It targets similar low-latency DeFi data use cases and represents both an upstream partner and a partial competitor for oracle feed delivery.
• eOracle: eOracle is an emerging oracle network leveraging EigenLayer restaking for economic security, comparable to SEDA's EigenLayer integration approach. It targets similar cross-chain oracle use cases and competes for DeFi/RWA protocol integrations.
• RedStone Finance: RedStone is a modular oracle provider offering on-demand data feeds with a focus on EVM chains and LSTfi/RWA markets. It overlaps with SEDA on the modular/feed-builder premise and competes for similar DeFi integrations, particularly around novel asset classes.

Broad incumbents

• Chainlink: Chainlink is the dominant DeFi oracle network, serving most major protocols with price feeds and verifiable randomness. It directly addresses the same oracle infrastructure pain points as SEDA but with a much broader, more entrenched ecosystem; SEDA explicitly positions its modular architecture and multi-chain coverage as alternatives to Chainlink's approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/sedaprotocol
• LinkedInlinkedin.com/company/sedaprotocol

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SEDA