#Switchboard launches Jito#
Hot Topic Overview
Overview
Switchboard is poised to become 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 addition will bring enhanced functionality and value to the Jito platform, while providing more robust oracle services to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard, the leading oracle network on Solana, will be the first Solana oracle network to launch on Jito's growing restaking platform. Jito is a platform designed to bring liquidity to the Solana ecosystem, with its restaking feature allowing users to stake their SOL to Jito and earn higher yields. Switchboard's launch on Jito will provide it with a broader source of liquidity and offer lower transaction costs for its users. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity, and Switchboard's inclusion will further fuel the growth of the Jito platform and bring more value to the Solana ecosystem.
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 burgeoning re-hypothecation platform.
Jito's re-hypothecation platform represents a massive market opportunity, as nearly 70% of outstanding SOL is staked, totaling approximately $76 billion.
The launch of Switchboard will bring more use cases and value to the Jito platform.
Solana's re-hypothecation market has enormous potential, and the launch of the Jito platform will provide new solutions for this market.