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DoubleZero Reaches $23 Billion TCV: Capturing 30% of Solana's Mainnet Stake and Eyeing Multi-Chain Expansion

DoubleZero Reaches $23 Billion TCV: Capturing 30% of Solana's Mainnet Stake and Eyeing Multi-Chain Expansion

In the fast-paced world of blockchain, milestones like this don't come every day. Recently, a tweet from Austin Federa, co-founder of DoubleZero, announced that the project's Total Connected Value (TCV) has skyrocketed to $23 billion. For those new to the term, TCV refers to the total value of assets connected or staked within the network, essentially measuring its economic footprint.

DoubleZero TCV Milestone Announcement

Building on that excitement, investor GM from Dragonfly Capital shared his insights in a follow-up post. He highlighted that about $23 billion in stake is now running on DoubleZero, accounting for roughly 30% of Solana's mainnet. That's a huge chunk—Solana is one of the biggest players in the crypto space, known for its high-speed transactions and low fees.

But GM isn't just celebrating the present; he's laying out a forward-looking thesis. He predicts that DoubleZero's share on Solana will keep growing. More intriguingly, as other blockchains hit their own networking limits due to surging demand, they'll likely integrate with DoubleZero (often abbreviated as 2Z) to handle the load. This could funnel even more economic value through the 2Z network, creating a ripple effect across the ecosystem.

So, what exactly is DoubleZero? At its core, it's a decentralized protocol designed to build and manage high-performance, permissionless networks tailored for distributed systems like blockchains. Think of it as an upgrade to the internet's backbone, optimized for crypto's needs—faster data sharing, lower latency, and better scalability. It's often categorized under DePIN (Decentralized Physical Infrastructure Networks), where real-world hardware like fiber optic links gets tokenized and utilized in a blockchain context.

This achievement comes at a time when blockchains are pushing their boundaries. Solana, for instance, has seen massive adoption in DeFi, NFTs, and even meme tokens, but that popularity strains network capacity. DoubleZero steps in by providing a global, high-performance layer that eases these constraints, allowing chains to scale without compromising speed or security.

For meme token enthusiasts and blockchain practitioners, this matters because efficient networks mean smoother launches, faster trades, and more innovative projects. If you're trading volatile memes on Solana, a more robust infrastructure could reduce those frustrating delays during hype cycles.

Looking ahead, the potential for multi-chain adoption is tantalizing. As Ethereum layer-2s, emerging L1s, or even non-EVM chains grapple with growth, DoubleZero's model could become a go-to solution. It's not just about Solana anymore—it's about building a faster, more interconnected crypto world.

Keep an eye on DoubleZero; with backing from heavyweights like Multicoin and Dragonfly, and real traction on the ground, it might just redefine how we think about blockchain networking. If you're diving deeper, check out their official site for the latest updates.

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