#Solana Launches Staking Platform#
Hot Topic Overview
Overview
Solana is launching a new staking platform called Jito, aiming to leverage the nearly 70% of outstanding SOL staked on the Solana network, creating a $76 billion market opportunity. Switchboard protocol will be the first Solana oracle network to go live on Jito, bringing more applications and value to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Jito, a staking platform launched by Solana, aims to address the high staking rate on the Solana network. Currently, 70% of SOL is staked, representing a market opportunity of $76 billion. The Jito platform allows users to restake their staked SOL, thereby earning additional rewards. This will attract more users to participate in the Solana ecosystem. Switchboard, as the oracle network on Solana, will be the first project to launch on the Jito platform. This will provide Switchboard with a wider range of applications and further drive the prosperity of the Solana ecosystem. The launch of the Jito platform will bring new vitality to the Solana network, attract more users and developers to join, and further promote the prosperity of the Solana ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Solana's restaking represents a significant market opportunity, as nearly 70% of outstanding SOL has been staked, totaling roughly $76 billion.
Switchboard will be the first Solana oracle network to leverage Jito's growing restaking platform.
Jito is developing a growing restaking platform, providing new opportunities for the Solana ecosystem.
Restating can increase the security of the Solana network and provide new earning opportunities for users.