Crypto Trading Gets a Boost as DoubleZero Introduces High-Speed Data for Solana Blockchain
The DoubleZero Foundation has launched a new platform, DoubleZero Edge, designed to accelerate the delivery of crypto market data to trading firms. This move marks a significant step towards adopting Wall Street-style systems in digital asset markets. DoubleZero Edge offers a real-time feed of raw data from the Solana blockchain, allowing traders to react more quickly to market developments. By partnering with validators, DoubleZero Edge distributes data more efficiently, reducing reliance on the public internet and minimizing delays. The platform utilizes a private fiber network and multicast technology to deliver data, resulting in faster transmission times and a competitive edge for high-frequency trading firms. Additionally, the platform introduces a new economic model, where validators can earn revenue by supplying data, and traders can subscribe to feeds using USDC. This development comes as crypto trading firms seek more reliable infrastructure, and DoubleZero's system aims to reduce uncertainty and level the playing field. According to Andrew McConnell, co-founder of DoubleZero, 'deterministic infrastructure removes a risk market makers have to price in, which leads to tighter spreads and better execution.'