Austin Federa, former head of strategy at Solana Foundation, is co-founder of DoubleZero,
-a new infra layer focused on accelerating communication in high-performance distributed systems by increasing bandwidth and reducing latency.
-launched mainnet and token this week
-immediately saw over 20% of Solana's stake migrate to DoubleZero
-signaling strong validator demand for infrastructure that addresses fundamental networking bottlenecks.
Ecosystem: Solana
Investors: Multicoin Capital, Dragonfly Capital
DoubleZero Mainnet Lauched Oct 2nd, They received a No-Action Latter from the SEC earlier this week
โข 24% of Solana validators are now on DoubleZero
โข 331 validators across 21 locations around the globe
โข 101 million SOL
โข Over 60k wallets staking Solana to the DZ pool
โข 40k wallets staked just in the last 3 days of September (probably hoping for airdrop?)
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