#Switchboard Launches Jito#
Hot Topic Overview
Overview
Switchboard will be the first Solana oracle network to launch on Jito, a growing re-staking platform. Jito is a Solana-based re-staking platform aiming to utilize the nearly 70% of outstanding SOL staked on the Solana network, representing a $76 billion market opportunity. The addition of Switchboard will bring more functionality and value to the Jito platform, and provide a more powerful oracle service for the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Switchboard Protocol will be the first Solana oracle network to leverage Jito's burgeoning re-staking platform. Jito is a Solana-based re-staking platform that aims to provide users with a more flexible way to stake. With nearly 70% of outstanding SOL already staked, Solana re-staking represents a $76 billion market opportunity. The launch of Switchboard signifies a broader adoption of the Jito platform, bringing more value to the Solana ecosystem. As the leading oracle network on Solana, Switchboard's data and capabilities will provide the Jito platform with a more reliable external data source, enhancing the platform's security, transparency, and efficiency. This will further propel the growth of the Solana ecosystem and offer users a richer set of application scenarios.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switchboard will become the first Solana oracle network to leverage Jito's growing restaking platform.
Solana restaking represents a $76 billion market opportunity.
With nearly 70% of outstanding SOL staked, the Solana restaking market has tremendous potential.
Jito's restaking platform offers new opportunities for the Solana ecosystem.