DoubleZero Brings Wall Street Data Speed to Solana
CMC Crypto News

DoubleZero Brings Wall Street Data Speed to Solana

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The new platform is called DoubleZero Edge. It delivers raw Solana block data, known as shreds, through a private global fiber network instead of standard internet routing.

DoubleZero Brings Wall Street Data Speed to Solana

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Solana News

Most crypto markets still rely on the public internet to move trading data, which introduces unpredictable delays, and puts firms that compete on speed at a disadvantage. DoubleZero Foundation launched a platform on Thursday designed to fix that problem for Solana traders.

The new platform is called DoubleZero Edge. It delivers raw Solana block data, known as shreds, through a private global fiber network instead of standard internet routing. The service went into public beta Thursday, with 350 data publishers active at launch.

Jito, Temporal, Staking Facilities, and Triton have signed on as participants. Those four providers cover every major Solana client, meaning Edge aggregates shreds from across the validator set. The breadth of coverage is intended to give subscribers a complete and consistent data picture.

DoubleZero says its network delivers shreds an average of 6 milliseconds faster than conventional routing. During congested periods, the gap widens to 20 milliseconds in Europe, 80 milliseconds in the U.S., and more than 100 milliseconds in Asia. For high-frequency trading firms, those differences can translate directly into execution quality.

The platform uses multicast, a distribution method widely used in traditional financial market infrastructure. It allows the same data to reach multiple recipients simultaneously without duplication. That approach is standard in equities and futures markets but has not previously been applied at this scale in on-chain trading.

Validators on the Solana network earn additional revenue by publishing data to Edge. Traders subscribe to those feeds by paying in USDC. DoubleZero describes the arrangement as a validator-aligned subscription model.

"Traditional finance has spent decades building infrastructure where speed and deterministic performance are a real competitive advantage," said Andrew McConnell, co-founder of DoubleZero. "Onchain markets didn't get that foundation, which left even sophisticated trading firms working on uneven ground." McConnell said deterministic infrastructure reduces a risk that market makers currently price in, which he argues leads to tighter spreads and better execution.

DoubleZero was co-founded by McConnell, Mateo Ward, and Austin Federa, who previously worked at the Solana Foundation. The project raised $28 million in March 2025 in a token round co-led by Multicoin Capital and Dragonfly Capital. Core contributors include Malbec Labs and Jump Crypto. The SEC issued the project a no-action relief letter last year, stating it would not recommend enforcement action over distributions of the 2Z token. Edge is built to support additional networks and data sources beyond Solana, including centralized exchanges and prediction markets.

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