#Switchboard Launches Jito Platform#
Hot Topic Overview
Overview
Switchboard is set to be the first Solana oracle network to launch on Jito's restaking platform. Jito is developing a new platform that allows users to restake their Solana (SOL) for higher yields. With nearly 70% of outstanding SOL already staked, Solana restaking represents a $76 billion market opportunity. Switchboard's integration will bring broader applications to the Jito platform and provide more robust oracle services to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will be the first Solana oracle network to launch on Jito's burgeoning re-staking platform. Jito is a platform designed to unlock more liquidity for the Solana ecosystem, allowing users to re-stake their SOL for higher returns. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. The addition of Switchboard will bring further value to the Jito platform and provide more powerful oracle services for the Solana ecosystem. As the leading oracle network on Solana, Switchboard's integration will bring a wider range of applications and more robust data support to the Jito platform, further driving the thriving 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 go live on Jito and leverage its restaking platform.
The Jito platform provides new opportunities for Solana restaking, a market estimated to be worth about $76 billion.
The Solana restaking market has tremendous potential, as nearly 70% of outstanding SOL is staked.
Switchboard's launch will bring new use cases and value to the Jito platform.