#Switchboard launches on Jito Platform#
Hot Topic Overview
Overview
Switchboard Protocol will be the first Solana oracle network to launch on Jito's burgeoning restaking platform. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. Switchboard's launch signifies a further expansion of Jito's service offerings, providing more powerful oracle services to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol is set to become the first Solana oracle network to go live on Jito's re-staking platform. Jito is developing a platform that allows users to re-stake their Solana (SOL) to earn higher yields. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. As a key player in the Solana ecosystem, Switchboard, through its collaboration with Jito, will be able to leverage its re-staking platform to offer users more secure and efficient oracle services. This will further solidify Switchboard's position within the Solana ecosystem and deliver greater value to its users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will become the first Solana oracle network to launch on Jito's growing rehypothecation platform.
Solana's rehypothecation represents a $76 billion market opportunity.
With nearly 70% of outstanding SOL staked, Solana's rehypothecation market has significant potential.
Switchboard's launch will bring new value and use cases to the Jito platform.