#Switchboard Goes Live on Jito Platform#
Hot Topic Overview
Overview
Switchboard protocol will be the first Solana oracle network to launch on Jito's growing restaking platform. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. The launch of Switchboard will bring new functionality and value to the Jito platform, as well as provide stronger oracle services for the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol, a Solana-based oracle network, will be the first blockchain oracle network to launch on Jito's restaking platform. Jito is an evolving platform that aims to leverage the large amount of outstanding SOL on the Solana network for restaking. With nearly 70% of outstanding SOL already staked, Solana restaking represents a $76 billion market opportunity. Switchboard's launch will bring more functionality and value to the Jito platform, providing the Solana ecosystem with more robust oracle services. This will contribute to further development of the Solana ecosystem and provide more opportunities for users to participate in restaking.
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.
The Switchboard protocol is poised to leverage Jito's rehypothecation platform.
Nearly 70% of outstanding SOL has been staked.