#Switchboard launches Jito platform#
Hot Topic Overview
Overview
Switchboard Protocol will be the first Solana oracle network to launch on Jito's evolving restaking platform. The Jito platform aims to unlock nearly 70% of the outstanding SOL staked on the Solana network, providing users with new yield opportunities and bringing fresh liquidity to the Solana ecosystem. Switchboard's addition will provide Jito with stronger oracle services, further contributing value to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard is set to become the first Solana oracle network to launch on the Jito platform. Jito is developing a restaking platform that aims to leverage the massive staking market on the Solana network. With nearly 70% of outstanding SOL already staked, the potential for Solana's restaking market is huge, estimated to reach $76 billion. As the leading oracle network on Solana, Switchboard's integration into Jito will bring more users and use cases to the platform, while also providing stronger oracle services to the Solana ecosystem. Switchboard's addition will further fuel the development of the Jito platform and bring new life to Solana's restaking market.
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.
With nearly 70% of outstanding SOL already staked, the potential for Solana rehypothecation is immense.
The Jito platform provides new rehypothecation opportunities for the Solana ecosystem.