#Solana Staking Platform Launches New Oracle Network#
Hot Topic Overview
Overview
Jito, a Solana staking platform, has launched a new oracle network, Switchboard. This is the first oracle network to launch on Jito. With nearly 70% of outstanding SOL staked on Solana, restaking on Solana represents a $76 billion market opportunity. The launch of Switchboard will provide Jito with a wider range of oracle services and bring more value to the Solana ecosystem.
Ace Hot Topic Analysis
Analysis
Jito, a Solana staking platform, has launched the new oracle network, Switchboard. Switchboard is the first Solana oracle network to go live on Jito, marking a significant step forward in the Solana restaking space. With nearly 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity. The launch of Jito unlocks new possibilities for the Solana ecosystem, allowing users to stake their SOL across different protocols for higher yields. Switchboard’s launch on Jito will provide the Solana ecosystem with more reliable and secure oracle services, further facilitating the growth of DeFi and other decentralized applications.
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 burgeoning re-staking platform.
With nearly 70% of outstanding SOL staked, Solana re-staking represents a $76 billion market opportunity.
Switchboard protocol is poised to leverage Jito's growing re-staking platform to bring new opportunities to the Solana ecosystem.
Jito's re-staking platform provides new value to the Solana ecosystem, attracting oracle networks like Switchboard.