#Switchboard Goes Live on Jito Platform#
Hot Topic Overview
Overview
Switchboard protocol will become the first Solana oracle network to launch on Jito's burgeoning re-hypothecation platform. With nearly 70% of outstanding SOL staked, Solana re-hypothecation represents a $76 billion market opportunity. Switchboard's launch will bring new functionality and value to the Jito platform, and provide more robust oracle services to 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 a platform designed to provide liquidity and efficiency to the Solana ecosystem. Its restaking platform allows users to stake their SOL across different protocols, earning higher returns. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. Switchboard's addition will bring more users and use cases to the Jito platform, further driving 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's rehypothecation represents a $76 billion market opportunity.
The launch of Switchboard will bring new value and users to the Jito platform.
The Jito platform will provide new rehypothecation solutions for the Solana ecosystem.