#Switchboard Goes Live on Jito Platform#
Hot Topic Overview
Overview
Switchboard, a Solana oracle network, will be the first to leverage Jito's growing restaking platform. Jito aims to provide a new restaking platform for the Solana ecosystem, and Switchboard, as the leading oracle network on Solana, will be able to utilize Jito's platform to improve its efficiency and security. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity, and Switchboard's participation will bring significant value to the Jito platform.
Ace Hot Topic Analysis
Analysis
Switchboard protocol will be the first Solana oracle network to launch on Jito's burgeoning restaking platform. Jito is a platform designed to bring more liquidity to the Solana ecosystem, and Switchboard, as the leading oracle network on Solana, will be able to leverage Jito's restaking mechanism to unlock greater value for itself and the ecosystem as a whole. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. This means Switchboard will be able to access more capital through the Jito platform, which can be used to further enhance the quality of its oracle services and provide more developers with reliable and secure oracle data. This will help drive the growth of the Solana ecosystem and bring more innovation to the broader blockchain industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will become the first Solana oracle network to launch on Jito's growing restaking platform.
Solana restaking represents a $76 billion market opportunity.
Switchboard is a Solana-based protocol.
Jito is a growing restaking platform.