Top Gathering Project @doublezero
Summary in one sentence: Executives from Solana and Jump leave to start their own venture, with investments from insiders (focusing on keeping profits within the family).
1/ Look at the Team
CEO @Austin_Federa - Former Strategic Director at the Solana Foundation. Worked at Solana for 4 years and left in 2024 to establish DoubleZero.
CTO @malbeclabs_cto - Specializes in systems and network design. Worked at Jump Trading for 7 years, previously the "Head of U.S. Trading Infrastructure and Global Platforms" at Jump Trading.
COO @mcintyre - Former Senior Director at the Solana Foundation.
Three founders, two from Solana, one from Jump.
2/ Look at the Investment
DoubleZero raised $28 million in March this year, with a valuation of $400 million. This round of financing was led by Dragonfly and Multicoin Capital, known for being the true behind-the-scenes player of Solana — having led the first three rounds of financing for Solana.
Among the angel investors in this round of financing for DoubleZero, I also found the following figures:
Anatoly Yakovenko, Co-founder and CEO of Solana
Raj Gokal, Co-founder of Solana
Lily Liu, Chair of the Solana Foundation
Keone Hon, Co-founder of Monad and former head of the high-frequency trading department at Jump Trading
3/ Project Highlights
In my understanding, DoubleZero aims to "expand blockchain from a physical level," starting with Solana.
Austin's perspective is sharp: The blockchain industry has matured, and now dedicated physical communication infrastructure is needed.
In terms of technical architecture, DoubleZero uses a dedicated high-performance fiber optic network that can:
Significantly reduce latency
Increase bandwidth capacity
Support tens of millions of TPS
Filter out junk transactions and duplicate transactions through dedicated hardware
This project essentially redefines the physical infrastructure of blockchain. If successful, it will be a DePIN giant; if it fails, it will be a money-burning technical experiment.
How to get involved?
Staking portal: https://doublezero.xyz/staking (No clear airdrop incentives, just a gamble)
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