#Switchboard goes live on Jito platform#
Hot Topic Overview
Overview
Switchboard Protocol will become the first Solana oracle network to leverage Jito's growing restaking platform. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. Switchboard's launch marks a further development of the Jito platform, bringing new opportunities to the Solana ecosystem and providing users with more options.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will be the first Solana oracle network to launch on Jito's growing re-staking platform. Jito is a platform that aims to provide liquidity to the Solana ecosystem, with its re-staking feature allowing for the redistribution of unutilized SOL to other DeFi applications. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. As the leading oracle network on Solana, Switchboard's integration into Jito will further enhance liquidity and scalability within the Solana ecosystem, providing developers with more opportunities to leverage oracle data. This will help drive the growth of the Solana ecosystem and open up new possibilities for its DeFi applications.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will be the first Solana oracle network to launch on the Jito platform.
Jito Platform is a growing re-staking platform.
Solana re-staking represents a $76 billion market opportunity.
Solana re-staking market potential is huge, as nearly 70% of outstanding SOL is already staked.