No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Crypto

Solana News Today: DoubleZero Launches Edge Beta

April 17, 2026
in Crypto
0
VisionSys AI pivots, commits $2b to Solana treasury strategy



In Solana news today, DoubleZero Foundation launched Edge, a public beta platform that delivers raw Solana block data through a private global fiber network using multicast, bypassing the public internet to cut average delivery times by 6 milliseconds — the same data distribution standard that traditional exchanges have used for decades.

Summary

  • Edge launched with 379 validators publishing shreds, covering approximately 43% of Solana’s total stake, with Jito, Triton, Staking Facilities, and Harmonic participating as initial launch partners.
  • Traders subscribe in USDC per device per epoch, with prices from $30 to $100 depending on city, while revenue splits 50% to network contributors, 32.5% to validators originating shreds, and 17.5% to protocol clients, with 10% going to a protocol burn mechanism.
  • DoubleZero, co-founded by former Solana Foundation communications director Austin Federa, raised $28 million in March 2025 in a round co-led by Multicoin Capital and Dragonfly Capital.

In Solana news today, DoubleZero Foundation launched Edge, a public beta platform that delivers raw Solana block data through a private global fiber network using multicast, bypassing the public internet and cutting average data delivery times by 6 milliseconds compared to conventional routing. The service went live Thursday with 379 validators actively publishing shreds.

The data subscribers receive is raw — the same UDP packets emitted by the Solana leader before any third-party processing. Reconstruction, decoding, and strategy logic remain on the subscriber’s side. Access is permissionless; payment is in USDC per device per epoch, approximately every two days.

Solana’s block data currently travels over the public internet, introducing unpredictable latency, forcing trading firms to piece together combinations of APIs, RPC nodes, and CDN connections with varying performance ceilings. Edge replaces that path with multicast. A single stream is sent once and replicated at the network level, reaching all subscribers in one hop from the Solana leader with no relay tree and no positional advantages between participants.

The 6-millisecond gain is an average. During peak network activity — the conditions that matter most to high-frequency trading firms and market makers — the advantage from dedicated fiber compounds. Solana’s growing DEX volume has already placed five Solana-native protocols in the global top-10 by daily trading activity. Traders competing in that environment operate on execution margins where milliseconds translate directly to profitability.

DoubleZero co-founder Andrew McConnell stated the case plainly. “Traditional finance has spent decades building infrastructure where speed and deterministic performance are a real competitive advantage,” he said. “On-chain markets didn’t get that foundation, which left even sophisticated trading firms working on uneven ground.”

The Validator Revenue Model

Validators earn additional income by publishing shreds to Edge, creating a direct economic incentive for consistent, low-latency data publication that operates independently of block rewards and staking yields. Current subscription prices run from $30 to $100 per epoch depending on the city through May 2026. Revenue is distributed each epoch: 50% to network contributors who supply fiber links, 32.5% to validators originating shreds, and 17.5% to protocol clients. An additional 10% burns the protocol’s native token.

DoubleZero plans to expand Edge’s data coverage beyond Solana shreds to include centralized exchange feeds, prediction market data, and traditional exchange order-by-order data, positioning the platform as a unified data layer across on-chain and off-chain markets. That ambition sits directly within Solana’s broader upgrade narrative for 2026, which includes the Alpenglow consensus overhaul targeting 150ms finality and the Firedancer client targeting over one million transactions per second.

The Institutional Context

DoubleZero raised $28 million from Multicoin Capital and Dragonfly Capital in March 2025. The project is co-founded by Austin Federa, who previously served as head of strategy and communications at the Solana Foundation, giving it direct lineage to the network’s infrastructure development community. The launch of Edge beta marks the first time a dedicated market data distribution product has gone live on a major Layer-1 blockchain in a format that explicitly mirrors what Bloomberg and Reuters-style direct data feeds provide in traditional markets — a gap that institutional trading firms have cited as a structural disadvantage of on-chain venues since DeFi began competing for institutional flow.

Editorial Team

Editorial Team

Related Posts

Cointelegraph
Crypto

Bitcoin Sparks $600M Hourly Liquidations With $65,000 Set To Become Resistance

June 25, 2026
Ouinex raises $3.5m from users to back ‘No‑CLOB’ crypto trading model
Crypto

Trump-backed American Bitcoin approves 1-for-15 reverse stock split

June 25, 2026
Project Pangea and How It Could Kickstart LINK
Crypto

Project Pangea and How It Could Kickstart LINK

June 25, 2026
Bitcoin
Crypto

Tokenized SpaceX Stock Liquidations Show Crypto Leverage Reaching Private Markets

June 25, 2026
Cointelegraph
Crypto

SBI Expands Digital Asset Push With Bitbank Acquisition

June 25, 2026
Why Brad Garlinghouse believes the CLARITY Act will pass in May despite missing two deadlines - 1
Crypto

what a special arrangement means

June 25, 2026
Load More
Next Post
This Android Setting Makes It Easy to Manage All Your App Permissions

This Android Setting Makes It Easy to Manage All Your App Permissions

Popular News

  • Fed interest rate decision June 2026: Fed holds rates steady

    Fed interest rate decision June 2026: Fed holds rates steady

    0 shares
    Share 0 Tweet 0
  • What are perpetual futures? Perps, funding rates, and liquidations explained

    0 shares
    Share 0 Tweet 0
  • Where to get high yield on stablecoins in 2025: Top 5 projects

    0 shares
    Share 0 Tweet 0
  • Claiming a VAT Refund in Europe Is Extremely Easy—Here’s How to Do It

    0 shares
    Share 0 Tweet 0
  • Crypto Longs Hit By $180M Liquidation Shock As Bitcoin Trade

    0 shares
    Share 0 Tweet 0

Latest News

Cointelegraph

Bitcoin Sparks $600M Hourly Liquidations With $65,000 Set To Become Resistance

June 25, 2026
0

Bitcoin (BTC) hit new 21-month lows at Thursday’s Wall Street open as high US inflation unsettled stock markets.Key points:Bitcoin returns...

Bayer’s stock jumps after Supreme Court sides with Roundup weedkiller manufacturer

Bayer’s stock jumps after Supreme Court sides with Roundup weedkiller manufacturer

June 25, 2026
0

The court ruled that states cannot have differing labeling warning rules than federal law requires.

First-quarter GDP gets big boost, but it’s not really great news

First-quarter GDP gets big boost, but it’s not really great news

June 25, 2026
0

The official scorecard of the U.S. economy was updated to show the economy grew at a 2.1% annual pace in...

Ouinex raises $3.5m from users to back ‘No‑CLOB’ crypto trading model

Trump-backed American Bitcoin approves 1-for-15 reverse stock split

June 25, 2026
0

American Bitcoin Corp has approved a 1-for-15 reverse stock split after shareholders backed the proposal at the company’s 2026 annual...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.