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Startups hedge their bets on unlaunched Solana restaking platforms

Author: Content Editor
This article discusses the emerging trend of Solana restaking and how it has attracted the attention of several crypto startups. Solana restaking involves staking tokens used to secure blockchains and staking them again to secure another layer of infrastructure and services. Currently, there are two main competitors in the Solana restaking space, Jito and Solayer. Jito Restaking has open-sourced its code and plans to deploy its platform by the end of the year, while Solayer is already live but limited to certain protocols. Despite the uncertainty and lack of robust demand, there are two businesses building exclusively on these platforms. Cambrian aims to provide a modular security layer for Solana, while Fragmetric plans to launch a liquid restaking token on top of Jito Restaking. Fragmetric initially intended to build its own restaking protocol but shifted to Jito due to its size and developer quality. The article concludes by highlighting the risks these startups face if Solana restaking fails to gain traction.

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