#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. Jito is a Solana-based restaking platform that aims to unlock the nearly 70% of unclaimed SOL stake on the Solana network, representing a $76 billion market opportunity. Switchboard's integration will bring more functionalities and applications to the Jito platform, and provide more powerful oracle services for the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol, a Solana-based oracle network, will become the first blockchain oracle network to leverage Jito's growing restaking platform. Jito's platform aims to provide a new restaking solution for the Solana ecosystem, and Switchboard, as the first oracle network to join the platform, will be able to leverage Jito's capabilities to enhance its efficiency and security. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity, and Switchboard's addition will help Jito better capitalize on this market potential. Switchboard's integration will bring more users and use cases to Jito's platform and further drive 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 rehypothecation represents a $76 billion market opportunity.
With nearly 70% of outstanding SOL already staked, the Solana rehypothecation market has immense potential.
Switchboard's launch will bring new value and functionality to the Jito platform.