#Switchboard Launches on Jito Platform#
Hot Topic Overview
Overview
Switchboard is poised to become the first Solana oracle network on Jito's burgeoning re-staking platform. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. The addition of Switchboard will bring enhanced functionality and value to the Jito platform, while delivering stronger 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 restaking platform. Jito is a growing platform that aims to unlock the value of the large amount of unstaked SOL on the Solana network by enabling restaking. With close to 70% of unstaked SOL being staked, Solana restaking represents a $76 billion market opportunity. The addition of Switchboard will bring enhanced oracle capabilities to the Jito platform, enabling it to more effectively execute restaking operations and provide users with a more secure and reliable service. This will further propel the development of the Solana ecosystem and bring more value to it.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will be the first Solana oracle network to launch on Jito's growing rehypothecation platform.
Solana rehypothecation represents a $76 billion market opportunity.
Solana rehypothecation is a huge market opportunity as nearly 70% of outstanding SOL is already staked.
Jito's rehypothecation platform provides new value and opportunities for the Solana ecosystem.