DoubleZero (2Z)
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The recent price decrease of DoubleZero was primarily caused by a chaotic token launch marked by a massive discrepancy in circulating supply, which was nearly five times higher than initially disclosed. This led to a sharp 65% price plunge shortly after launch. Additionally, tokenomics issues such as large insider allocations, especially by Jump Crypto moving millions of tokens to exchanges, created significant selling pressure and community distrust. The lack of transparency around token unlocks and concentrated supply further fueled volatility and sell-offs. Despite regulatory clarity from the SEC, these factors combined to undermine investor confidence and trigger the recent price decline.
- 1. https://www.okx.com/en-us/learn/doublezero-perpetual-token-launch-controversy
- 2. https://beincrypto.com/doublezero-2z-tokenomics-instability-triggers-sell-off/
- 3. https://www.coinspeaker.com/doublezero-token-plummets-65-as-3-4b-circulating-supply-stuns-community/
- 4. https://finance.yahoo.com/news/doublezero-token-plummets-65-3-190117457.html
- 5. https://coinedition.com/2z-price-crashes-44-after-tge-as-jump-crypto-dumps/
- 6. https://blockchainreporter.net/crypto-com-lists-double-zero-2z-depin-token-major-exchange-growth-following-sec-clearance/
- 7. https://cryptobriefing.com/doublezero-co-founder-foundation-no-token-sale-confirmation/
- 8. https://crypto.news/doublezero-explores-mainnet-beta-launch/
- 9. https://www.banklesstimes.com/articles/2025/10/08/doublezero-2z-dips-below-0-40-amid-heavy-whale-selling/
- 10. https://www.theblock.co/post/372881/sec-grants-doublezero-no-action-relief-over-token-distribution
- 11. https://www.cryptoninjas.net/news/binance-airdrops-35m-doublezero-2z-tokens-ahead-of-1-25b-debut-on-solana/
- 12. https://www.panewslab.com/en/articles/e05254b6-5559-480d-8804-06ddea064e47
- 13. https://www.onesafe.io/blog/doublezero-2z-token-launch
- 14. https://www.marketbeat.com/cryptocurrencies/doublezero/
- 15. https://www.axios.com/2025/09/29/sec-doublezero-crypto-no-action
- 16. https://bitcoinethereumnews.com/crypto/2z-price-crashes-44-after-tge-as-jump-crypto-dumps/
- 17. https://whales.market/blog/what-is-doublezero/
- 18. https://bitcoinethereumnews.com/tech/doublezero-tokenomics-criticism-grows-as-2z-price-falls-sharply/
- 19. https://www.bitget.com/price/doublezero-ibrl-acc
- 20. https://unchainedcrypto.com/could-a-new-internet-enable-high-speed-crypto-transactions-doublezero-says-yes/
- 21. https://cointelegraph.com/
- 22. https://bitcoinist.com/how-we-rate-casinos/
- 23. https://forum.numer.ai/t/nmr-price-appreciation/4013
- 24. https://sopladios.net/article/bitcoin-soars-as-fed-rate-cut-odds-hit-99-crypto-market-analysis
- 25. https://www.cargurus.com/research/price-trends
- 26. https://coingecko.com/en/coins/snek
- 27. https://cryptoadventure.com/
- 28. https://www.coingecko.com/en/coins/gram
- 29. https://coingecko.com/en/coins/usdt0
- 30. https://www.coingecko.com/en/coins/tutorial
Last Updated: 10/10/2025 02:00 UTC
Price Chart
DoubleZero News
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Overview
DoubleZero is a high‑performance network built to speed up how blockchains talk to each other. Instead of sending validator traffic over the crowded public internet, the DoubleZero blockchain infrastructure runs on dedicated fiber links contributed by independent providers around the world. Its native 2Z token powers payments on the network and rewards contributors who supply bandwidth and specialized hardware. Because 2Z is an SPL asset, it lives on Solana for fast settlement and easy wallet support. In plain terms, DoubleZero aims to give validators, oracles, RPCs, and real‑time apps the shortest, cleanest paths so blocks, votes, and data reach their destinations faster and more fairly. (coindesk.com)
A key milestone for the project came on September 29–30, 2025, when the U.S. SEC’s Division of Corporation Finance issued a no‑action letter regarding 2Z’s programmatic token flows. The letter said staff would not recommend enforcement based on the facts presented—important clarity for DoubleZero’s design as a utility token that pays for connectivity and rewards work done by network providers. (cooley.com)
As DoubleZero expands, expect to see the 2Z token referenced across topics like DoubleZero DeFi, NFTs, gaming, and infrastructure performance. While market data is shown elsewhere on TokenRadar, many factors can influence the 2Z price over time, including network usage, validator adoption, and emissions/burn dynamics in DoubleZero tokenomics. (coindesk.com)
Price, Market Position, and Liquidity
As of 10/14/2025 16:00 UTC, DoubleZero (2Z) trades at $0.286 with a +2.99% move over the last 24 hours.
The market capitalization stands at $981M, placing it at rank #116 by market value.
Daily trading volume is $176M. DoubleZero (2Z) has moved -35.70% over the past seven days and 0.00% across the last 30 days.
History & Team
Origins and early funding
DoubleZero formed in late 2024 with a plan to build a private, contributor‑owned networking layer for distributed systems. In March 2025, the DoubleZero Foundation announced a $28 million round led by Dragonfly and Multicoin, with additional participation from firms like Borderless Capital, Foundation Capital, Superscrypt, and Reciprocal Ventures. The aim was to scale testnet capacity and prepare for a mainnet‑beta rollout later in 2025. (cointelegraph.com)
Founders and core contributors
Co‑founder Austin Federa previously led strategy and communications at the Solana Foundation. He is joined by co‑founders Andrew McConnell and Mateo Ward—operators with backgrounds in high‑performance networking, exchange infrastructure, and telecom/fiber deployments dating back to the Global Crossing era. Several write‑ups also note operational contributions from engineering‑focused groups such as Malbec Labs and industry participants like Jump Crypto. (cointelegraph.com)
Adoption milestones
DoubleZero’s mainnet‑beta went live in early October 2025 with rapid validator uptake on Solana. By launch, around 21–22% of staked SOL was already connected to the DoubleZero network—an unusual level of early adoption for infrastructure that touches live validator operations. (coindesk.com)
Technology & How It Works
Dedicated fiber, not the public internet
The core idea behind the DoubleZero blockchain infrastructure is simple: blockchains need consistent, low‑latency networking to reach their potential. Public paths can be noisy and slow, so DoubleZero routes validator and node traffic across dedicated fiber links provided by independent operators. This design reduces latency, increases bandwidth headroom, and smooths out performance across regions, which is crucial for fast consensus and fair block production. (coindesk.com)
Edge hardware and protocol‑aware routing
DoubleZero isn’t just “more bandwidth.” At the network edge, specialized hardware helps filter spam, deduplicate traffic, and offload verification tasks. Sources describe the use of FPGAs and protocol‑aware features like optimized routing tables and multicast to move the right data to the right validators with fewer hops and less overhead. In effect, DoubleZero tries to make the network itself “smart” about blockchain message flows. (erp.solanacompass.com)
Two‑ring architecture and contribution measurement
Community and exchange posts outline a two‑ring architecture: contributed private links form a global mesh, while edge devices enforce quality, shaping traffic for latency‑sensitive workloads. Rewards use a “programmatic flows” model tied to the value a link or resource adds. Some materials describe using Shapley‑style calculations to credit the marginal contribution of each provider to end‑to‑end performance. The design aims to align token rewards with measurable utility rather than passive holding. (blog.ju.com)
Designed to counter latency clustering
On high‑throughput chains like Solana, validators often cluster in a few dense regions to squeeze out latency, which can harm geographic diversity. Solana’s network health updates have highlighted DoubleZero as a path to keep performance high while allowing validators to spread out more evenly. That goal—performance with dispersion—underpins the project’s focus on dedicated connectivity. (solana.com)
Tokenomics & Utility
The 2Z token on Solana
2Z is an SPL token used for three main programmatic flows in the DoubleZero economy: user payments for network access, provider payments that distribute those fees to link operators, and computation payments that fund protocol‑level work via new emissions. In some cases, supported assets like SOL can be accepted and converted into 2Z under the hood. This keeps payments flexible while preserving 2Z as the unit of account inside the network. (economics.doublezero.xyz)
Supply model and emissions/burn
DoubleZero’s economics primer states that 10 billion 2Z were minted at launch on Solana. Over time, supply can change through inflation (to reward useful work) and burning (for integrity and balance). The long‑run intent is that cumulative burning bounds cumulative inflation, though near‑term emissions may outpace burns depending on growth. This framework ties token issuance to measurable utility rather than speculation. (economics.doublezero.xyz)
Staking, delegation, and incentives
Holders can stake or delegate 2Z to resource providers to help secure operations and earn rewards. Validators and bandwidth contributors receive programmatic payouts based on performance and reliability, not just uptime. Educational content from major platforms also emphasizes a simple utility loop: pay with 2Z (or supported assets that auto‑convert) for faster connectivity; providers earn 2Z for value delivered; holders can stake to reinforce the network. (academy.binance.com)
Debates around distribution
As with many new tokens, community debate has focused on allocation design and initial circulation at launch. Coverage after mainnet‑beta noted concerns about insider shares and unlock timelines, which can shape sentiment even for utility‑driven networks. These discussions are common at the start of a token’s life and often settle as the network’s usage data accumulates. (u.today)
Ecosystem & Use Cases
Validators, RPCs, and oracles
The first users of DoubleZero are block producers, vote accounts, and RPC operators who rely on predictable, low‑latency networking. Faster message propagation improves voting timeliness, reduces missed credits, and can enhance consensus stability under load. Oracles and data services that must publish rapidly across regions also benefit from consistent routing and bandwidth headroom. (coindesk.com)
DeFi, NFTs, and gaming
“DoubleZero DeFi, NFTs, gaming” isn’t just a slogan—these workloads all feel latency. For DeFi, tighter spreads and quicker price updates support better trading and liquidation behavior. For large NFT mints or real‑time gaming, smoother packet flow helps reduce spikes and delays. Solana‑focused reports and exchanges have described DoubleZero as one lever among several (like client upgrades) that can raise the ceiling for high‑traffic events. (solana.com)
Early adoption on Solana, path to multi‑chain
At launch, roughly one‑fifth of Solana’s staked weight connected to DoubleZero, with plans to expand the footprint to more cities and more chains. Community and ecosystem notes throughout 2025 highlighted growing testnets, additional points of presence, and collaboration with high‑performance client teams—signals that the network is moving from pilot to production across varied geographies. (coindesk.com)
Advantages & Challenges
What stands out
- Low‑latency, private fiber: By routing off the public internet, DoubleZero can cut round‑trip times and reduce jitter, improving validator performance and fairness across regions. (coindesk.com)
- Protocol‑aware networking: Edge filtering, deduplication, and multicast help the network “speak blockchain,” not just push packets. (erp.solanacompass.com)
- Programmatic, utility‑driven token flows: Payments and rewards tie 2Z to measurable work, not passive holding. (economics.doublezero.xyz)
- Regulatory clarity in the U.S.: The SEC’s no‑action letter for 2Z’s programmatic flows is a rare and important data point for DoubleZero’s model. (cooley.com)
- Strong early validator uptake: Launching at ~21–22% of staked SOL connected is notable for a new infrastructure network. (coindesk.com)
What to watch
- Distribution optics and unlocks: Early coverage flagged debates around allocations and circulating supply—issues that can affect perception of DoubleZero tokenomics until usage data and emissions/burn trends take center stage. (u.today)
- Physical network complexity: Building and maintaining a global mesh of contributed fiber and edge hardware is hard work that depends on reliable contributors and continual capacity planning. This is a long‑term, infrastructure‑heavy effort. (luganodes-website.pages.dev)
- Expansion beyond Solana: The roadmap suggests multi‑chain ambitions; meeting varied protocol requirements while keeping performance high will be an ongoing engineering challenge. (luganodes-website.pages.dev)
Where to Buy & Wallets
If you’re researching where to buy 2Z, you have both centralized and decentralized options:
- Centralized exchanges: Bybit announced a spot listing for DoubleZero (2Z) on October 2, 2025, with USDT and USDC pairs and a launch promotion. Some platforms also introduced derivatives like 2Z‑perpetual futures. Always check your region’s availability before using any exchange. (prnewswire.com)
- Solana DEXs: Because 2Z is an SPL token, it trades on Solana DEX venues such as Raydium and Orca and can be routed via the Jupiter aggregator. Community data pages show active 2Z/USDC liquidity on Raydium CLMM and Orca pools. (dexscreener.com)
- Validator sale background: Earlier in 2025, a validator‑focused token sale on CoinList targeted active validators across Solana, Aptos, Avalanche, Celestia, and Sui—with U.S. participation limited to accredited investors. (binance.com)
Wallets: Popular Solana wallets like Phantom, Solflare, Backpack, and hardware wallets that support Solana (e.g., Ledger via Solana apps) can hold 2Z. To add the asset manually, you can use the public mint: J6pQQ3FAcJQeWPPGppWRb4nM8jU3wLyYbRrLh7feMfvd. Always verify the mint against official DoubleZero channels before transacting. (reddit.com)
Regulatory & Compliance
DoubleZero regulatory status in the U.S.
On September 29–30, 2025, DoubleZero secured a first‑of‑its‑kind no‑action letter from the SEC’s Division of Corporation Finance. Based on the facts presented, staff stated they would not recommend enforcement with respect to programmatic distributions of 2Z for provider and computation payments, and clarified that 2Z did not need to be registered as a class of “equity securities” under Section 12(g). Cooley, counsel to the DoubleZero Foundation, emphasized that the letter is specific to DoubleZero’s disclosures and flows but still marks a major precedent for utility‑driven, DePIN‑style tokens. (cooley.com)
Foundation structure and jurisdictions
Public materials describe the DoubleZero Foundation as a Cayman Islands foundation company supporting development, decentralization, and adoption of the network. This structure is common among open‑source crypto networks, helping separate governance and stewardship from day‑to‑day operations while providing a clear entity for legal and compliance work. (cooley.com)
Halal/Shariah perspective
Many observers looking at “DoubleZero halal” questions point to the project’s utility design: the 2Z token pays for access to a networking service and rewards measurable infrastructure work. There is no interest (riba) mechanism in these flows, no lending with guaranteed returns, and no exposure to prohibited industries. Combined with U.S. regulatory clarity for the token’s programmatic distributions, supporters argue that the model is consistent with Islamic finance principles—that is, 2Z shariah compliant as a utility token used to pay for permissible services. As always, formal rulings rest with qualified scholars, but the project’s structure aligns with widely cited Shariah criteria for technology tokens. (economics.doublezero.xyz)
Future Outlook
DoubleZero’s near‑term roadmap centers on scaling points of presence, onboarding more validators and bandwidth providers, and widening chain support beyond Solana. Educational and ecosystem posts throughout 2025 outlined plans for dozens of global locations and higher‑capacity links as demand grows. As more validators connect, the network effects compound: lower latency improves validator economics and user experience, which can draw in more stake and more real‑time apps that need fast, fair routing. (luganodes-website.pages.dev)
On the token side, DoubleZero tokenomics tie emissions and rewards to delivered utility with a long‑run balance against burning. For long‑term observers tracking the 2Z price, adoption metrics—like share of staked weight connected, earned credit rates, and latency improvements—may prove more telling than short‑term sentiment. The U.S. no‑action letter also lowers one major uncertainty, potentially encouraging institutional participation and broader integrations by exchanges, custodians, and validator operators. (economics.doublezero.xyz)
The broader DePIN category is maturing, and DoubleZero is positioned as an infrastructure play that complements client upgrades (e.g., high‑performance Solana clients) and scaling improvements at the protocol layer. If the team continues to hit rollout milestones and keep quality high across cities and links, the network could become a standard transport layer for time‑sensitive crypto workloads. (coindesk.com)
Summary
DoubleZero is building a dedicated, contributor‑owned fiber network tailored to blockchains and other distributed systems. Its 2Z token powers a simple loop: users pay for faster connectivity; providers earn for measurable network value; holders can stake or delegate to secure operations. Early adoption on Solana has been strong, and the SEC’s no‑action letter provided rare, concrete clarity for how 2Z’s programmatic flows work in the U.S. While physical build‑out and allocation optics are real challenges, the thesis is clear: when the network is the bottleneck, solving networking unlocks everything above it—DeFi, NFTs, gaming, or any real‑time on‑chain system that depends on speed and reliability. For readers comparing infrastructure projects, DoubleZero blockchain infrastructure stands out for marrying real‑world fiber with tokenized incentives, and for aligning rewards with actual utility delivered. (coindesk.com)
Description
#116
DoubleZero is a network protocol that provides a dedicated fiber-optic backbone for blockchain and distributed systems, reducing latency and jitter by using special hardware and smart contracts to handle data filtering, routing, and network incentives. The 2Z token is used for network access, contributor rewards, and staking.
Sector: | DePIN |
Blockchain: | Solana |
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
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Bybit (CEX) | 5.9M | 186K/206K |
Binance (CEX) | 1.8M | 26K/178K |
Binance (CEX) | 1.1M | 30K/42K |
Kraken (CEX) | 295K | 212K/238K |
Kraken (CEX) | 55K | 200K/207K |
Binance (CEX) | 48K | 3.1K/3.2K |
Bybit (CEX) | 43K | 21K/138K |
![]() Orca (Avalanche) | 24K | 144/144 |
![]() Meteora (Solana) | 28 | 39/39 |