doublezero40
$2z
MCAP435.83M
+7.52%

what's doublezero?

DoubleZero is a decentralized protocol and global physical network designed to deliver high-performance, low-latency connectivity optimized for blockchain and distributed systems, addressing the limitations of the public internet for high-throughput applications like Solana validators. Its core innovation lies in a permissionless framework that coordinates contributor-provided fiber optic links via an on-chain controller using smart contracts to manage routing, priorities, and SLAs, ensuring predictable packet paths over direct global connections spanning 25+ locations. The network is powered by the 2Z token, an SPL token on Solana that facilitates payments, staking for bandwidth access, and rewards for contributors, aligning validators, stakers, and providers in a performance-driven economy. Targeting use cases in DeFi, gaming, and high-frequency trading on chains like Solana, Aptos, Avalanche, Celestia, and Sui, DoubleZero enhances validator efficiency with features like dzSOL staking and has demonstrated 82% route outperformance in stress tests. Backed by VCs including Multicoin Capital and Dragonfly, it raised $28M and launched mainnet-beta in October 2025, positioning it as a foundational "N1" layer for crypto infrastructure with regulatory clarity via an SEC No-Action Letter for 2Z.

Snapshot

doublezero added to Grayscale's Q1 2026 'Assets Under Consideration' list (Utilities & Services).

contract

solana

17H ago
VISIBILITY EVENT

Added to Grayscale's "Assets Under Consideration" list for Q1 2026 in the Utilities & Services sector.

6D ago
TOKEN ECONOMICS

Distributes tokens to network contributors exclusively from network fees with no inflation or passive issuance, using a Proof of Utility system where distributions are proportional to contribution.

2W ago
OPINION SPECULATION

Predicted that at least 3 other chains will connect to improve their latency and throughput metrics by end of 2026.

3W ago
VISIBILITY EVENT

Featured in Developer DAO's DevNTell Episode 192, ranked as the number 6 top episode in their 2025 Advent Calendar reveal, discussing high performance distributed systems.

VISIBILITY EVENT

Ranked 9th among Solana ecosystem projects by development activity in Santiment's monthly analysis, with an upward movement in ranking compared to the previous month.

1M ago

Austin Federa states he is not a fan of buybacks during SolanaConf interview.

Grows to become the 2nd largest stake pool and LST on Solana within approximately 18 weeks.

Generates $180,982 in 7-day revenue, ranking #64 on DefiLlama's revenue dashboard as one of 18 new entrants to the top-100.

Announces validator referral program at SolanaConf Day 1.

15 core contributors dedicate fiber cables to create an alternative and performant internet for Solana, according to Austin Federa.

2Z listed on Binance with under 1% allocation, using Launchpool, Prime Sale, and airdrop mechanisms for distribution.

40% of Solana validators and RPCs now run on the infrastructure, which delivers 3.4 Tbps of dedicated network capacity.

Eden from doublezero participates in HELIUM HOUSE ABU DHABI panel alongside representatives from Jupiter Exchange and Solana Foundation, event occurs one day before SolanaConf.

$2Z ranks among major altcoin gainers with +9% daily gain in market overview report.

Takes #1 spot among all weekly crypto gainers for the period December 1-8, 2025 according to CoinMarketCap.

Ranks #6 among weekly top gainers with +15.06% performance.

The doublezero Foundation will operate as one of six initial Guardians for Seeker.

Ranks #9 with $1.07B fully diluted valuation among autumn token launches and posts +17.43% 24-hour gain on December 3rd as #3 crypto gainer.

Austin Federa featured as top builder at the 11AM.club event during Solana Breakpoint conference at Etihad Arena.

Dragonfly Partner @0xsudogm schedules livestream coverage of 2Z (alongside ENA/MON/MEGA) on December 1, 2025 at 9AM EST / 6AM PST / 10PM HKT.

Upbit CEO publicly confirms full reimbursement of all affected users from exchange reserves following the $36.6M hack, with cold wallet confirmed not compromised and community-driven investigation ongoing alongside internal audit. (ID: 1994021737051345304)

Upbit suspends deposits and withdrawals after confirming transfer of ~$36.8M in Solana assets including 2Z to unknown wallet on November 27, 2025 at 04:42 KST.

$2Z ranks as the #3 top daily crypto gainer on November 26, 2025 according to CoinMarketCap data.

The project partners with Solana Mobile to co-host ACCELERACE, a protocol-powered go-kart relay race at Yas Marina Circuit (official F1 venue) on December 11th, 2025.

The SEC issues a No-Action letter for $2Z, making it one of only two crypto tokens to receive such regulatory clearance.

40% of Solana mainnet stake now operates on the platform as of late November, up from just 40 validators in late July. (ID: 1993071002474221969)

SagaDAO announces it operates on the platform and is actively building on the network.

The first public Harmonic validator now operates on the network.

$2Z goes live on spot markets, accompanied by an 8M token campaign prize pool.

The project positions itself as necessary infrastructure for NASDAQ onchain operations, stating such systems won't work over the public internet.

$2Z spot trading listed on OKX exchange this week.

The platform now handles 36% of Solana's mainnet stake.

2M ago

The team will attend Staking Summit with merchandise.

The DoubleZero Delegation Program delegates 500K+ SOL to Jupiter's validator through a partnership that upgrades Jupiter's infrastructure for improved transaction landing and consensus speed.

New Metro Routing feature deployed to improve network performance through optimized metro-area routing. The team will attend Solana Conference next month.

A livestream on November 13, 8:00 AM UTC unveils major feature updates including Liquidity Farming, with 4,000 2Z tokens distributed as red packets during the event on Bybit Alpha.

Featured as an infrastructure breakthrough in a prominent list of exciting Solana developments shared with Solana's co-founder Anatoly Yakovenko.

$2Z liquidation levels sit between $0.165 and $0.20 on November 11.

Fee data is now available on DefiLlama.

The protocol swap yields approximately 1 SOL per epoch with 4 SOL already accumulated.

$2Z records over 30% price decrease for the week, ranking as the biggest weekly drop on CoinMarketCap due to profit-taking following last month's ATH break.

Flash platform lists 2Z and MET on day 1 in October, adds ZEC with 50x leverage trading, launches trade-from-chart feature, and cuts forex fees by 50%.

One month into mainnet-beta, the network onboards 34% of Solana mainnet stake with 600 devices across multiple cities, 2,200 Gbps of dedicated ultra-low-latency fiber, and 12 independent network contributors.

The token ranks as the #1 weekly crypto gainer on CoinMarketCap for the week ending March 11, 2025.

$2Z faces liquidation levels between $0.172–$0.195 on November 2.

A KOL reports receiving an offer of $6000 per month from the project team to stop posting about the project entirely, representing an unusual reputation management approach.

The token trades above $5 billion FDV and is characterized as a high FDV low float VC coin, with market participants questioning the valuation justification. (Tweet ID: 1984616591909339318)

The project launched at a market cap exceeding $2 billion.

First month revenue reaches approximately $256k from validator fees (5% block reward fee), while the protocol now powers 34% of total Solana Stake.

Price drops over 15% in the last 7 days due to a liquidity crunch and token unlocks for $2Z.

The protocol is post-revenue.

A new Head of Communications joins the team to lead communications efforts for the infrastructure project.

2Z token now trades on Gemini exchange with deposits and withdrawals enabled.

Marinade Finance select validators are powered by doublezero and Jump Firedancer for Solana operations.

Listed among infrastructure projects for Token Generation Event between now and end of year, alongside Symbiotic, Karak, Paxos Labs, Enso, Zama, Conduit, Brevis, Cysic, Optimum, Aligned Layer, and Espresso.

The SEC and doublezero had a positive regulatory interaction in late September impacting DePin networks, as discussed by Co-Founder Austin Federa.

Mainnet Solana stake operating on DoubleZero increases to 34.25%, up from 33.93% reported on October 27.

Drift exchange offers $2Z trading with up to 5x leverage.

Total Connected Value (TCV) reaches $28 billion. Solana mainnet stake stands at 33.93%.

@eden_ is recruiting for doublezero as part of active hiring efforts identified in the last 24 hours before the tweet.

Updated liquidation levels for October 26 place $2Z at $0.225 - $0.265 range, with traders monitoring for potential squeeze setups.

Solana mainnet stake grows to 33.76% (up from 30% on October 17). Jupiter Exchange joins as the second highest staked validator on the network.

2Z currently shows flat price action with trader watching for possible pump and dump activity.

Updated liquidation levels for October 25 place $2Z at $0.22 - $0.248 range.

$2Z ranks as the 3rd top daily crypto gainer on CoinMarketCap on October 22, 2025.

$2Z liquidation levels update to $0.215 - $0.245 range on October 18.

Network currently operates 30% of Solana mainnet stake.

A short position thesis on $2Z wins BidClub's biweekly $2,000 liquid idea reward for Oct 1-15.

Helius validator now runs on DoubleZero network.

DoubleZero powers connectivity between BAM nodes on Solana and provides undersea fiber cable infrastructure for Shelby data layer on Aptos, enabling Watcheos decentralized operating system partnered with NBC Universal.

$2Z liquidation levels sit between $0.23 and $0.305 on October 15, with heavy leverage across major cryptocurrencies creating potential for significant price movement.

Coinbase exchange listing announced for $2Z token.

$2Z ranks #5 in CoinMarketCap's top daily crypto gainers on October 15, 2025.

The network weathered its first market crash.

3M ago

A Twitter Space at 2 PM UTC discusses the Mainnet Beta and the launch of the 2Z token.

The $23 billion in stake represents approximately 30% of Solana's mainnet.

Total Connected Value (TCV) metric debuts at $23 billion.

First delivery of undersea cables to a user indicates physical hardware distribution phase has begun.

A new podcast episode with RockawayX's Viktor Fischer includes discussion of the project in the context of crypto treasury vehicles and Solana DeFi.

A recorded Twitter Space with Austin Federa discussing the project is available.

A third fiber link has been added to the network since launch, indicating continued infrastructure expansion beyond the previously reported Kairos Research connection.

Kairos Research connects their Solana validator to the protocol, indicating new infrastructure partnership and network expansion.

$2Z ranks #2 by 24h trading volume to market cap ratio at 0.92x, indicating high relative trading activity compared to other major tokens including $TRUMP and $CAKE.

Messari includes the launch as a key topic in their October Monthly research report.

Perpetual futures for $2Z go live on Kraken Pro exchange with up to 20x leverage capability.

A livestream is scheduled for October 8 at 2PM UTC featuring the founder and a roadmap sneak peek.

Co-founder Austin Federa publicly states that team, founder, and VC tokens are locked, and the foundation has not sold any tokens, addressing concerns about insider selling pressure.

Initial funding round occurred in March, several months before the September mainnet launch, with founder Austin Federa coming from Solana Foundation and CTO from Jump Trading.

Platform reports 370+ Solana mainnet validators controlling 25% of stake are operating on DoubleZero, with network infrastructure including 70+ fiber links and 11 fiber contributors, supported by two core engineering teams (MalbecLabs and Jump Firedancer).

The project's token structure is identified as low float/high FDV with team tokens unlocked on day 1, which a crypto trader warns typically results in tokens trending toward zero due to insider extraction dynamics.

Token lists on major exchanges including Binance, Coinbase, Upbit, Bithumb, and Hyperliquid, according to an early investor who claims the project launched at a $10B valuation.

Mainnet beta launches with $2Z token deployed on Solana.

Token becomes one of the most-traded tokens on Solana within 24 hours of launch, trading alongside SOL and stablecoins in volume.

WOO X exchange lists the token with 20x leverage trading capabilities for both long and short positions.

The project faces community controversy over its tokenomics, particularly regarding the absence of a significant airdrop and token distribution that prioritizes institutional investors and developers over retail participants.

Wasabi platform listing goes live with 5x leverage trading and yield earning from onchain activity.

Token achieves #9 position on LunarCrush AltRank with double/triple-digit gains, demonstrating strong combined social and market metrics across the crypto market.

Delphi Ventures confirms investment position with detailed rationale highlighting team expertise (Austin_Federa from Solana Labs, Andrew McConnell with 18 years at Jump/Nasdaq/KCG, Mateo Ward with 20 years telecom experience). The protocol is listed on Timefun platform, and Galaxy Digital is suggested as an investor with the token reportedly trading an order of magnitude higher than its last funding round.

SEC approval obtained for launch, with infrastructure covering 30 cities and 5 continents. Future roadmap includes expanding support to additional blockchain networks beyond Solana.

The project innovates at the hardware and networking layer of the OSI stack, first such crypto project in approximately a decade. Current valuation is cited at $2B market cap with $6B fully diluted valuation, while Jump's 30% token holdings are valued at approximately $400M available for sale on launch day.