#Switchboard Launches Jito Platform#
Hot Topic Overview
Overview
Switchboard Protocol will become the first Solana oracle network to launch on Jito's growing restaking platform. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. This means Switchboard will be able to leverage the restaking features provided by Jito platform to provide stronger security and efficiency guarantees for its oracle network, further expanding its applications within the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will become the first Solana oracle network to leverage Jito's evolving restaking platform. Jito aims to provide a new restaking platform for the Solana ecosystem, and Switchboard, as the leading oracle network on Solana, will be able to utilize Jito's platform to improve its efficiency and security. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. Switchboard's addition will bring more users and use cases to the Jito platform and further drive the development of the Solana ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will be the first Solana oracle network to launch on the Jito platform.
The Jito platform is a growing rehypothecation platform that provides new opportunities for the Solana ecosystem.
Solana's rehypothecation market is massive, estimated at $76 billion.
The launch of Switchboard will bring more value and users to the Jito platform.