#Switchboard launches on Jito platform#
Hot Topic Overview
Overview
Switchboard, a Solana-based oracle network, will be the first blockchain oracle network to launch on Jito's burgeoning restaking platform. With nearly 70% of outstanding SOL already staked, Solana restaking represents a $76 billion market opportunity. This means Switchboard will be able to leverage Jito's platform to provide its users with more secure and efficient oracle services and further expand its reach within the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard protocol will be the first Solana oracle network to launch on Jito's burgeoning restaking platform. Jito aims to provide a new way to restake within the Solana ecosystem, and Switchboard, as the leading oracle network on Solana, will be able to leverage the Jito platform to enhance its efficiency and security. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. The addition of Switchboard will bring more users and use cases to the Jito platform and further drive the prosperity 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.
With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity.
The launch of Switchboard will bring more use cases and value to the Jito platform.
Jito platform's continued growth will bring more opportunities to the Solana ecosystem.