Crypto Trading Gets a Boost as DoubleZero Unveils High-Speed Data Platform for Solana
The DoubleZero Foundation has launched a new platform, DoubleZero Edge, 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 provides a real-time feed of raw data from the Solana blockchain, enabling traders to react faster to market-influencing information. By collaborating with validators, DoubleZero Edge distributes data more quickly to market participants, addressing the delays and inconsistencies inherent in relying on the public internet. The platform utilizes a private fiber network and multicast technology to minimize delivery times, resulting in a competitive advantage for high-frequency trading firms. Additionally, the platform introduces a new economic model, where validators can earn extra 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, leading to tighter spreads and better execution.'