#Switchboard Launches Jito Platform#
Hot Topic Overview
Overview
Switchboard Protocol will become the first Solana oracle network to utilize Jito’s burgeoning restaking platform. With nearly 70% of outstanding SOL already staked, Solana restaking represents a $76 billion market opportunity. The launch of Switchboard marks a further evolution of the Jito platform, unlocking new opportunities for the Solana ecosystem and bringing more value to users.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will become the first Solana oracle network to leverage Jito's growing 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 enhance its efficiency and security. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. The addition of Switchboard will bring more users and use cases to the Jito platform, further driving 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.
Jito platform is a growing rehypothecation platform.
Solana's rehypothecation represents a $76 billion market opportunity.
With nearly 70% of outstanding SOL already staked, the potential for Solana rehypothecation is enormous.