Hey there, crypto enthusiasts! If you're deep into the world of blockchain and meme tokens, you've probably heard the buzz around Solana's ecosystem. Today, we're diving into some exciting news from Austin Federa, co-founder of DoubleZero, who just dropped a tweet highlighting a major milestone for the DoubleZero protocol.
In his post, Federa simply stated, "The DoubleZero protocol is post-revenue." But that's no small claim—it's backed by impressive numbers from the network's recent fee rollout. Quoting the original announcement from the DoubleZero account, fees went live in early October, and in just that month, they've racked up around $256,000 in USD-equivalent revenue. That's enough to land DoubleZero at the 16th spot in 30-day fees by network on DeFi Llama, all within less than a month of launch. Pretty wild, right?
For those new to this, DoubleZero is a purpose-built networking layer designed to crank up bandwidth and slash latency for high-performance distributed systems like Solana. Think of it as the behind-the-scenes hero that makes blockchain transactions faster and more reliable—super important for meme token traders who need speed to catch those viral pumps.
Breaking down the fees: These come from a 5% block reward fee that Solana validators pay to use the network. Right now, DoubleZero powers about 34% of Solana, up from 15% back in early September. That's a huge jump! The fees are distributed to fiber contributors (the folks providing the network's backbone), with a chunk burned to prevent sybil attacks—basically, fake accounts gaming the system.
The tweet even lists out the fees per epoch (that's Solana's term for a roughly 2-day period where validators process blocks):
- Epoch 859: 82.89 SOL
- Epoch 860: 102.65 SOL
- Epoch 861: 73.61 SOL
- Epoch 862: 144.60 SOL
- Epoch 863: 85.56 SOL
- Epoch 864: 102.98 SOL
- Epoch 865: 102.21 SOL
- Epoch 866: 95.96 SOL
- Epoch 867: 125.03 SOL
- Epoch 868: 111.60 SOL
- Epoch 869: 94.86 SOL
- Epoch 870: 114.37 SOL
- Epoch 871: 158.37 SOL
- Epoch 872: Ongoing
Validators can pay these in SOL or the native $2Z token, and any SOL gets swapped to $2Z. This setup not only generates real revenue but also ties into the token's utility, which could be a boon for holders in the meme token space where Solana memes thrive on fast, cheap infrastructure.
You can check out the network in real-time at DoubleZero's dashboard or track fees on-chain via their explorer. This kind of transparency is what makes projects like DoubleZero stand out in the crowded crypto world.
Why does this matter for meme tokens? Solana's known for its meme coin frenzy—think Dogwifhat or Bonk—and better networking means fewer outages and quicker trades. As DoubleZero grows, it could supercharge the entire ecosystem, making it easier for new memes to launch and gain traction.
Replies to the tweet are trickling in, with folks praising the traction and asking about $2Z's future. It's early days, but this revenue milestone shows DoubleZero isn't just hype—it's delivering tangible value.
Stay tuned for more updates on how infrastructure plays like this are shaping the meme token landscape. If you're a Solana dev or trader, DoubleZero might just be the upgrade you've been waiting for!