#Solana staking platform launches new oracle network.#
Hot Topic Overview
Overview
Jito, a Solana staking platform, has launched a new oracle network, Switchboard, marking the first oracle network to go live on the platform. With nearly 70% of SOL on Solana already staked, Jito's emergence offers new opportunities for re-staking on Solana, with a projected market size of $76 billion. The launch of Switchboard will provide Jito with a more reliable data source and open up more application scenarios for the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Jito, a Solana restaking platform, has launched the new oracle network Switchboard, marking a significant advancement in the Solana restaking landscape. As the first oracle network to launch on Jito, Switchboard will provide the platform with a wider range of applications and enhanced functionality.Jito, as a Solana restaking platform, aims to leverage the up to 70% of unclaimed SOL staked on the Solana network, representing a $76 billion market opportunity. The integration of Switchboard will attract more developers and users to Jito and drive the development of the Solana ecosystem. Switchboard’s oracle network provides Jito with more accurate, reliable, and efficient data, enabling the platform to support various decentralized applications such as DeFi, NFTs, and gaming.
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 re-staking platform.
With nearly 70% of outstanding SOL staked, Solana re-staking represents a $76 billion market opportunity.
The Switchboard protocol is poised to leverage Jito's growing re-staking platform.
Jito's re-staking platform will bring new opportunities to the Solana ecosystem.