DoubleZero Mainnet-Beta Launches With 22% Staked SOL Participation
The DoubleZero Foundation has launched its mainnet-beta, introducing a network designed to enhance communication among blockchain validators. This system bypasses the public internet, utilizing dedicated fiber routes to speed up transactions for networks like Solana.
- DoubleZero acts as a private highway for blockchains, reducing lag and improving transaction processing.
- 22% of staked SOL is already using the DoubleZero network with support from major industry players such as Jump Crypto, Galaxy, RockawayX, and Jito.
- In March, DoubleZero raised $28 million, reaching a valuation of $400 million, led by Dragonfly and Multicoin Capital.
- The project's native token, 2Z, is used by validators and stakers to access high-speed network routes.
- The U.S. SEC issued a no-action letter, allowing DoubleZero to proceed with launching their tokens.
- Future plans include expanding the network to support more blockchains and distributed systems.