Not sure if you’ve been paying attention but @doublezero launched their token today.
- $2 Billion market cap
- Rank #53 on CoinMarketCap
- $5.9 Billion FDV
DoubleZero is a DePIN project creating a dedicated network of high speed fiber optic connections dedicated to blockchain traffic.
They already have 70 direct high speed links between 25 geographic locations routing traffic directly to maximize speed.
This is a huge upgrade from the indirect routing from the standard internet infrastructure which was not designed for the blockchain.
Their token $2Z will power the network and recently the SEC clarified that DePIN tokens are fundamentally outside of their jurisdiction which most likely contributed to the success of their launch.
In a world of memecoins and degeneracy in the crypto industry, it's refreshing to see this type of innovation coming from the gigabrains on Solana.
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