#Switchboard Goes Live on Jito Platform#
Hot Topic Overview
Overview
Switchboard will be the first Solana oracle network on Jito's growing rehypothecation platform. With nearly 70% of outstanding SOL staked, Solana rehypothecation represents a $76 billion market opportunity. The addition of Switchboard will unlock wider use cases for the Jito platform and provide stronger oracle services for the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will be the first Solana oracle network to launch on Jito's growing re-staking platform. Jito is a platform that aims to leverage idle SOL assets within the Solana ecosystem by re-staking them back into the network through a re-staking mechanism, thereby enhancing the network's security and increasing its value. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. The addition of Switchboard will bring enhanced oracle capabilities to the Jito platform, further bolstering its competitiveness within the Solana ecosystem. As the leading oracle network on Solana, Switchboard's integration will open up wider application scenarios for the Jito platform and drive the development of 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 growing rehypothecation platform.
Solana's rehypothecation represents a $76 billion market opportunity.
The Jito platform will provide new rehypothecation opportunities for the Solana ecosystem.
The launch of Switchboard will bring new users and use cases to the Jito platform.