#Switchboard Goes Live on Jito Platform#
Hot Topic Overview
Overview
Switchboard Protocol will be the first Solana oracle network to leverage Jito's burgeoning re-staking platform. Jito is a Solana-based platform that aims to unlock value locked in the Solana ecosystem through re-staking. With nearly 70% of outstanding SOL staked, Solana re-staking represents a $76 billion market opportunity. Switchboard's integration will bring further value to the Jito platform and provide even more robust oracle services to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard, a Solana-based blockchain oracle network, will become the first oracle network to leverage Jito's burgeoning restaking platform. Jito, a platform designed to provide more liquidity to the Solana ecosystem, allows users to restake their SOL on its platform through a restaking mechanism, enabling them to earn higher returns. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. Switchboard's participation will bring more users and liquidity to the Jito platform, strengthening oracle services within the Solana ecosystem. Switchboard's oracle services will be able to utilize Jito's restaking mechanism, providing users with more secure and reliable oracle data, further accelerating the growth 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.
Jito is a growing rehypothecation platform.
Switchboard is a Solana-based oracle network.