DoubleZero Launches High-Speed Data Service for Solana Trading

The DoubleZero Foundation launches the public beta of Edge, a permissionless platform delivering ultra-fast Solana blockchain data over a dedicated global fiber network, providing traders with speed advantages of 6 milliseconds on average and up to 100+ milliseconds during congestion in Asia. Founded by Andrew McConnell, Mateo Ward, and former Solana Foundation member Austin Federa, DoubleZero raised $28 million in a March 2025 token round co-led by Multicoin Capital and Dragonfly Capital. Major Solana infrastructure providers including Jito, Temporal, Staking Facilities, and Triton have joined as participants among 350 data publishers at launch. The platform brings Wall Street-style low-latency trading infrastructure to crypto markets through a validator-aligned subscription model that creates additional revenue streams for validators while traders pay for faster data feeds.

DoubleZero Edge Platform Launch and Technical Capabilities

• ▪DoubleZero Edge is a permissionless platform for delivering ultra-fast onchain market data
• ▪DoubleZero Edge is built to support other networks and information sources like centralized exchanges and prediction markets
• ▪The DoubleZero Foundation is rolling out the public beta of DoubleZero Edge on Thursday
• ▪DoubleZero Edge will start off by delivering a real-time feed of raw Solana block data called shreds

Performance Advantages Over Traditional Infrastructure

• ▪DoubleZero Edge has delivered shreds up to 20 milliseconds faster in Europe during periods of high block congestion
• ▪DoubleZero's physical fiber network and incentivized validators deliver Solana shreds to clients with an average 6 millisecond advantage

Network Participants and Business Model

• ▪DoubleZero Edge provides shreds from validators running every major Solana client
• ▪DoubleZero Edge boasts 350 data publishers at launch
• ▪DoubleZero was founded by Andrew McConnell, Mateo Ward, and Austin Federa
• ▪Austin Federa was formerly of the Solana Foundation
• ▪Core contributors to DoubleZero include R&D firm Malbec Labs and Jump Crypto
• ▪Validators are incentivized to publish to DoubleZero Edge as an additional revenue stream
• ▪Major Solana infrastructure providers Jito, Temporal, Staking Facilities, and Triton have joined as DoubleZero Edge participants

Funding and Regulatory Status

• ▪The Securities and Exchange Commission stated it would not recommend an enforcement action related to DoubleZero's 2Z token distributions
• ▪The Securities and Exchange Commission wrote DoubleZero a no-action relief letter last year
• ▪DoubleZero Foundation raised $28 million in a token round in March 2025
• ▪DoubleZero Foundation's $28 million token round was co-led by Multicoin Capital and Dragonfly Capital

Perspective of Solana validators

• ▪Solana validators can monetize their infrastructure by publishing block data to DoubleZero Edge as data publishers