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Scaramucci Praises Solana, $500 Trillion Opportunity, DoubleZero Kicks off to Optimize SOL Validators: Solana News Recap
GameFi Guides

Scaramucci Praises Solana, $500 Trillion Opportunity, DoubleZero Kicks off to Optimize SOL Validators: Solana News Recap

by admin October 3, 2025


Major Ethereum (ETH) rival Solana (SOL) is going to be dominating the digital economy in five years, a seasoned investor says. Meanwhile, the blockchain mocks competitors with its $500 trillion tokenization manifesto.

Solana (SOL) will have biggest market share in five years, top investor Scaramucci says

Solana (SOL), a $125 billion blockchain, will be leading the way in terms of market share amid all L1s in 2030. Such a forecast was shared by Anthony Scaramucci, the founder and managing partner of SkyBridge Capital.

Image via Twitter

The supremacy will be accomplished thanks to the role of Solana (SOL) as a technical architecture for real-world asset tokenization, stablecoins, bonds, stocks and so on. Commercial paper will also migrate to the Solana (SOL) blockchain, the investor says.

He added that numerous banks in the United States are exploring the opportunities of Solana (SOL) as a tech infrastructure layer for their products. The adoption would highlight Solana’s real utility as a technology.

As covered by U.Today previously, Anthony Scaramucci frequently says that Solana (SOL) has all the chances to flip Ethereum (ETH) by market capitalization in the near future.

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Commentators on X recalled that Solana (SOL) is not the only cryptocurrency praised by Scaramucci. He is also an enthusiast of Avalanche (AVAX) and seasoned proponent of Bitcoin (BTC).

$500 trillion manifesto released for Solana (SOL) community

In a semi-ironic manner, Solana (SOL) is asking all of its community enthusiasts not to sleep on the next big thing, i.e., tokenization of NASDAQ-listed shares on the blockchain.

Image via Twitter

Solana’s (SOL) official account echoes the statement by Max Resnick, former Ethereum (ETH) researcher and lead economist of Solana (SOL) software developer Anza. 

At the moment, the statement says, there is no opportunity for any other chain to onboard tokenized stocks as Solana can.

Trillion dollars in securities are not asking to come on chain. They are coming to Solana whether we like it or not. We need to prepare.

The result of this synergy would be mutually beneficial for both Solana (SOL) and the stock trading process as such. Solana (SOL) has all the chances to accomplish the status of “world’s economy” provider in a “few quarters.”

As covered by U.Today previously, Solana (SOL) set a number of records in the RWA tokenization processes. In Q3, 2025, the protocol hit an all-time high in USD-denominated value of all tokenized products over $418 million.

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Solana (SOL), the sixth largest cryptocurrency, is up by 1.72% today. The Solana (SOL) price is trying to stay above $230.

DoubleZero (2Z) finally launches in mainnet beta, token collapses

Yesterday, Oct. 2, 2025, DoubleZero (2Z), a protocol designed to optimize collaboration in high-performance systems, announced the activation of its beta mainnet phase. Currently, the network’s main focus is the optimization of Solana (SOL) validator interaction with each other.

A new, faster internet is here.

DoubleZero’s high-performance global network is now live on mainnet-beta powered by 2Z.

Welcome to the world of high-performance networking. pic.twitter.com/RrlM95ZP7s

— DoubleZero IBRL/acc (@doublezero) October 2, 2025

Haseeb Qureshi, managing partner at Dragonfly, a crypto fund, and a DoubleZero investor, explained the groundbreaking importance of the protocol:

The only path to true speed-of-light transmission is dedicated fiber. That’s how YouTube moves data around the world—you can’t match it over the public Internet. 2Z is building that for blockchains. If it works, it will be bigger than just blockchains.

Despite being in a very nascent stage, the protocol has already accomplished 100 million SOL staked on DoubleZero.

The project has already released its token, dubbed 2Z. After hitting a peak price of $1.53, the token collapsed to $0.53 in just two hours. The community criticized the token for the imbalanced economic model, while some also suspect marketmakers on mass-selling their allocations.

The token was immediately listed by Binance, OKX, Upbit and other tier-1 exchanges. At the same time, it continued to drop. As of press time, 2Z is available at $0.51 in USDT pairs.





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October 3, 2025 0 comments
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Crypto Trends

DoubleZero Mainnet Goes Live With 22% of Staked SOL on Board

by admin October 2, 2025



A new project wants to give blockchains their own “fast lane” on the internet. The DoubleZero Foundation announced Thursday that its highly anticipated mainnet-beta is live.

DoubleZero is a network built to speed up how blockchain validators talk to each other. Instead of relying on the public internet, which can sometimes be slow and unpredictable, Solana validators can now connect through DoubleZero’s fiber routes, which let users transact faster.

In simple terms, DoubleZero is like a private highway system for blockchains. While normal internet routes are designed to be cheap and broad, they aren’t built for the split-second coordination thousands of blockchain nodes need. DoubleZero says its network reduces lag and makes it easier for validators to process transactions and stay in sync, which could improve both performance and reliability for end users.

“Blockchains and other globally distributed systems rely on thousands of nodes coordinating in real time. The efficiency of their communication layer directly impacts security, validator profitability and the end-user experience,” said Austin Federa, the co-founder of DoubleZero, in a press release shared with CoinDesk.

The project has already seen early adoption. Currently, 22% of staked SOL is plugged into the DoubleZero network. Big industry names like Jump Crypto, Galaxy, RockawayX, and Jito are contributing fiber links and engineering resources, betting that faster internet infrastructure will pay off as blockchain applications scale.

In March, DoubleZero raised $28 million and at $400 million in valuation, with Dragonfly and Multicoin Capital leading the initial funding round.

Fueling the system is DoubleZero’s own token, called 2Z, built on Solana. Validators and stakers use the token to access the network’s high-speed routes, with rewards tied to how much utility they provide.

Earlier this week, the U.S. Securities and Exchange Commission issued a no-action letter to DoubleZero, letting them move forward with the launch of the network’s native tokens.

While today’s launch focuses on Solana, DoubleZero’s ambitions go further. “As part of its roadmap, DoubleZero aims to expand the chain-agnostic network to support additional blockchains and high-performance distributed systems,” the team wrote in their press release.

Read more: ‘Crypto’s Flash Boys’: A Q&A With Austin Federa on DoubleZero



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October 2, 2025 0 comments
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Donald Trump (Nikhilesh De/CoinDesk)
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SEC’s Bow to DoubleZero Carries Major Weight for Decentralized Infrastructure: Peirce

by admin September 30, 2025



Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits.

The SEC staff agreed to the startup’s request that the agency wouldn’t pursue any registration complaints for tokens issued for the specific aims of DoubleZero’s decentralized physical infrastructure network (DePIN). Commissioner Peirce suggested this open door for DePIN efforts keeps the SEC out of business it shouldn’t be in.

“Rather than relying on centralized corporate structures to coordinate activity, DePIN projects enlist participants to provide real-world capabilities, such as storage, telecommunications bandwidth, mapping, or energy, through open and distributed peer-to-peer networks,” she said in a statement. The activity doesn’t trigger the Supreme Court’s Howey Test — the test that decides what falls within the SEC’s jurisdiction — because such projects “allocate tokens as compensation for work performed or services rendered, rather than as investments with an expectation of profit from the entrepreneurial or managerial efforts of others.”

The SEC uses no-action letters to make it clear what activities it doesn’t intend to pursue with enforcement actions, so a letter to a single firm can signal to an entire space what the agency’s current posture is. But to reap the benefits, the activity has to stay strictly within the boundaries outlined in the SEC’s letter.

“The line between tokens and securities law is getting clearer,” said Austin Federa, DoubleZero co-founder, in a statement to CoinDesk. “Founders who once spent countless hours (and legal dollars) on this question can now focus on building.”

DoubleZero sought to incentivize providers of infrastructure for network connectivity, such as large technology companies that control surplus fiber networks, by compensating them with tokens — in this case, the protocol’s native 2Z.

“Treating such tokens as securities would suppress the growth of networks of distributed providers of services,” Peirce said. “Blockchain technology cannot reach its full potential if we force all activities into existing financial market regulatory frameworks.”

The agency’s action drew praise from advocates of decentralized finance (DeFi).”No-Action Letters are one of the most pragmatic tools for navigating regulatory uncertainty in crypto, and the SEC’s issuance of No-Action Letters shows that constructive engagement with regulators is possible,” said Amanda Tuminelli, executive director of the DeFi Education Fund, in a blog posting by the DoubleZero Foundation.

The SEC has been pursuing an aggressive course of pro-crypto policy actions under Chairman Paul Atkins. Earlier this week, he said at a roundtable event in the agency’s Washington headquarters that establishing clear rules for the digital assets sector is “job one” for the SEC. Before Atkins arrived, Peirce led the agency’s crypto task force and was already working on policy statements to clarify the regulator’s expectations for the industry.

Read More: DoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs



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September 30, 2025 0 comments
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GameFi Guides

What an SEC No Action Letter Means for Solana DePIN Token DoubleZero

by admin September 30, 2025



In brief

  • The SEC issued a “no action” letter to Solana-based project, DoubleZero
  • The regulator indicated that its 2Z token does not resemble a security.
  • The token is set to debut on Friday alongside its mainnet launch.

The U.S. Securities and Exchange Commission issued a “no action” letter to DoubleZero on Monday, effectively blessing the project’s 2Z token days before its debut on Solana.

In a statement, the Commission said that it “will not recommend [an] enforcement action” against DoubleZero, which was established last year, and is building a high-performance fiber-optic network for blockchains while using tokens to incentivize participants.

The two-paragraph letter indicated that, based on its understanding of DoubleZero, the project’s 2Z token does not resemble a security. That marked the first time the SEC had made such an assessment in years, following a crackdown on token issuers under previous leadership.

Less than a week ago, DoubleZero submitted a 17-page letter to the Commission, asking it to weigh in on “programmatic transfers” to users participating in the network.



Former SEC Chair Gary Gensler once suggested that “everything but Bitcoin” is a security in the cryptosphere, but the agency’s latest move indicates that it thinks 2Z does not fall under its purview, according to Jack Graves, a professor at Syracuse University College of Law.

“It creates, in effect, a safe harbor based on an assumed set of facts,” Graves told Decrypt. “It allows everyone to operate with a little more clarity.”

DoubleZero’s mainnet-beta network is expected to go live on Friday. And users contributing resources to the network are set to earn 2Z as a reward, in relation to their performance and reliability. Eventually, tokenholders will be able to stake 2Z, per DoubleZero’s website.

The project was co-founded by Austin Federa, who formerly served as the Solana Foundation’s head of strategy. In a statement, he said that the decision “marks a major milestone for the U.S. digital asset industry” because it backs up the SEC’s talk of taking a more collaborative stance.

DoubleZero bills itself as a decentralized physical infrastructure network, falling under the umbrella of DePIN. The concept revolves around using blockchain to run and maintain decentralized networks of physical hardware, such as sensors.

In a statement, SEC Commissioner Hester Peirce, who is at the heart of Commission-wide efforts to modernize securities rules, described the way that DePIN projects use tokens as distinct compared to assets that it typically regulates.

“These tokens are neither shares of stock in a company, nor promises of profits from the managerial efforts of others,” she said. “They are functional incentives designed to encourage infrastructure buildout.”

The SEC has issued no action letters to crypto projects before, but Graves said the agency’s stance on Monday was still “fairly significant.”

He recalled one no-action letter in 2019, which allowed a company called TurnKey Jet to offer tokens that could be used to redeem on-demand private jet flights with clarity.

“That’s really not something that the SEC is concerned about,” he said. “But the people who are buying these tokens for private jet flights and operating Turnkey Jet can all move forward with a degree of confidence that they’re not going to have a securities violation problem.”

The SEC’s letter underscored several factors, including Turnkey Jet’s commitment to not funding its platform’s development with token sales, placing restrictions on the token’s ability to be transferred, and anchoring its marketing around the token’s functionality.

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September 30, 2025 0 comments
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A Q&A With Austin Federa on DoubleZero

by admin August 31, 2025



As blockchain ecosystems mature, the speed and efficiency of the infrastructure for nodes have become more than just technical considerations —they’re strategic imperatives. Leading the charge in this space is Austin Federa, former Head of Strategy at the Solana Foundation, who is gearing up to launch DoubleZero, a protocol designed to redefine how blockchains communicate and scale.

In a wide-ranging conversation with CoinDesk, Federa delved into the motivations behind DoubleZero, the challenges it addresses and that may come out of it, and why its vision for a high-performance networking layer could be the foundation for the next generation of decentralized systems.

DoubleZero was first announced in December 2024 as a blockchain layer aimed to be faster than the internet and therefore crucial for crypto trades. Since then nearly 12.57% of SOL staked is operating on the DoubleZero testnet. The mainnet launch is expected to happen sometime in September.

This interview has been edited for brevity and clarity.

CoinDesk: Explain how DoubleZero works to someone who is new to crypto.

Austin Federa: I think one of the easiest ways to explain what we’re building is we’re building crypto’s version of Flash Boys.

That really was this transformational moment where people kind of realized that your edge in execution on a centralized trading venue, was no longer your actual trade logic or the speed of the computer that you have hooked up to the market, it is how quickly you can get data between different points where market events occur. That was kind of a really big change in the industry, because transit time was not [previously] considered to be terribly important.

You can go back and watch Formula 1 races from the 80s, they’re just taking a cigarette break during a pit stop, and then someone realized “oh man, we’re actually leaving a lot of time on the track by these pit stops not being optimized.” And it really is something quite similar in the trading space.

So for crypto, the idea of using something that’s faster than the public internet (that you can use a network that you can use technologies on that are not available on the public internet), it’s not necessarily a new idea. The problem was, until DoubleZero came along, it would have to have been run by one centralized company and not allow for multiple independent contributors.

The main technology, philosophy and economic unlock of the DoubleZero protocol is that it allows multiple contributors that have their own fiber networks to contribute portions or all of that fiber network to the DoubleZero network. It builds a giant, extremely high performance fiber mesh network that connects people all around the world.

CoinDesk: Why build for Solana?

Federa: We’re not actually built on Solana. We do have a separate ledger system, but it’s not a network that anyone ever deploys a smart contract to, it really is just an accounting database.

The reason that we’re supporting Solana first…is because Solana is pretty unique. If you look at fast blockchains, and then you look at node count, there’s a ratio of transactions per second to number of nodes, no one comes even close to Solana.

Any network that is anywhere near the performance of Solana has a 1/5th to a 1/10th of the number of actual nodes. And so the communications problem is an exponential problem. The more nodes you have in the system, and the more places you need to get data to go, the more bandwidth you need, the more the communication becomes a bottleneck.

So the bigger and the faster you get a blockchain network, the more communication becomes a bottleneck for that network moving quickly. And so the real goal behind what we’re doing is to allow blockchains to go faster than the public internet, without having to drop node count or add centralization.

We think DoubleZero has a lot more applications than just Solana, and a lot more applications than just blockchain. But it is the place where there’s the biggest need at the moment. You look at the other blockchains out there, and they just don’t have these problems yet.

CoinDesk: How does staking on Solana tie to DoubleZero?

Federa: We have a stake pool that is staking to nodes on DoubleZero. As a percentage of stake, it’s quite small, it’s about 3 million SOL, (there’s 500 million SOL), so it’s not a huge amount of SOL. That was originally conceived of as a way to help subsidize the cost of validators running on our testnet, but turned out people were just very interested in running on testnet, and so that’s been a really nice tool for getting more people on board with the network.

When we launch mainnet data in September, that’s going to be over 50 different fiber links right now. Currently its at eight. Many of the links will be 10 times faster than the connections that we have today in terms of their capacity. So going from 10 gigabit to 200 gigabit connections.

We see a future where, when you get enough stake operating on the DoubleZero network, protocol designers at Solana are now able to jack up limits way higher than they can on the public internet, because there’s more capacity offered on DoubleZero than is available to validators operating on the public internet today, and it’s a lower latency connection. So the data transmission actually, not only can you send more data, but that data arrives more quickly than it would otherwise.

CoinDesk: So in your world there are two scenarios here: you have the public internet, or you have something like a DoubleZero. If you want to get something done faster, quicker, or other benefits for your trade, you go the DoubleZero route. Does that then create a performance inequality between validators on Solana?

Federa: We get a version of this [question] a lot. And the question to ask yourself is, is the internet a centralizing force? The internet is basically just 20 companies that have most of the connectivity. And today if all of the OECD countries suddenly said, “no more crypto,” basically everything but bitcoin is hosed.

So when we’re honest about what we’re feeling about here, the importance is not to get rid of the internet entirely. It is to make sure the internet is there as a fallback, as a censorship resistance path. And so if DoubleZero is offline, or if there is a bad actor in the DoubleZero network that decides to try and censor blocks or something along with censored data moving through it, two things will happen:

One, this is why we have nine independent contributors on the network, so data will just route around them, and we can basically kick a contributor off the network. And the second thing is, we always have the public internet to fall back on. Now that may require Solana dropping from 500,000 transactions per second to 10,000 transactions per second. But that’s not a bad failback state.

That’s kind of your classic, “there’s a traffic jam on the highway, I’ll take the county road at the moment.”

CoinDesk: So mainnet is coming very soon. What’s happening between now and then?

Federa: It’s a lot of testing, it’s a lot of making sure that we’re fully ready to go. And then it’s obviously a token-based project. So there is a token launch that will go along with that as well, also in the month of September.

Read more: DoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs



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August 31, 2025 0 comments
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