#Switchboard is now live on the Jito platform.#
Hot Topic Overview
Overview
Switchboard, a Solana-based oracle network, is set to become the first relaunch platform on the Jito platform. Jito is an evolving platform that aims to leverage the massive staking market in the Solana network, which currently sees approximately 70% of outstanding SOL staked, representing a $76 billion market opportunity. The launch of Switchboard will bring new functionalities and value to the Jito platform and further drive the development of the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard will become the first Solana oracle network on Jito's growing re-staking platform. Jito is a platform designed to provide liquidity for the Solana ecosystem by re-staking unused SOL, providing users with new earning opportunities. As the leading oracle network on Solana, Switchboard joining Jito will provide it with a wider range of applications and further enhance its influence in the Solana ecosystem. With nearly 70% of outstanding SOL staked, Solana re-staking represents a $76 billion market opportunity. Switchboard's addition will bring more users and liquidity to 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 be the first Solana oracle network to launch on Jito's growing rehypothecation platform.
Solana's rehypothecation represents a $76 billion market opportunity.
Switchboard is a Solana-based protocol.
Jito is a growing rehypothecation platform.