How big is the imagination space for the optical fiber DePIN market? The original team of Jump Trading has created a DePin project called DoubleZero with an estimated valuation of 400 million.

DoubleZero is a project developed by the original team from Jump Trading, and this time Dragonfly partnered with Multicoin to invest 28 million dollars at a valuation of 400 million dollars. The team describes DoubleZero as not just a technological innovation, but a new economic model focused on bandwidth and communication.

Solana, Jump Trading Background Team DePin Startup

DoubleZero founder Austin Federa previously served as an executive at Solana and the Solana Foundation, while co-founder and CTO Andrew McConnell comes from Jump Trading. Chief Economist Nihar Shah holds a PhD in Economics from Harvard, has worked at Jump Trading and Meta, and served as Head of Data Science at Sui. Community and Marketing Manager Eden Vander Zee also has experience at Jump Trading. The Firedancer team is also listed as contributors to DoubleZero.

The investment lineup includes Multicoin, which invested in Solana during its seed round, well-known venture capital firm Dragonfly, another well-known market maker Wintermute, Lily Liu, the chair of the Solana Foundation, and Keone Hon, the founder of the high-performance public chain Monad.

What is the potential of the optical fiber DePIN market?

Jump Trading is one of the traditional trading giants, best known for its focus on speed rather than cost. The company spends heavily on acquiring locations closest to signal sources, even laying underwater fiber optic cables to connect Tokyo and Chicago. DoubleZero, on the other hand, utilizes incentives to transform idle fiber optics into a dynamic and extensive network.

According to statistics from 2007, 65% of fiber optics in the United States are idle, while the fiber optic coverage rate in the U.S. is 46%, compared to 70% in the European Union. For contributors, joining DoubleZero to make contributions does not increase costs. For the network, a broken link on the DoubleZero network could become a highly connected link, making its value far exceed that of existing alone.

DoubleZero aims to improve distributed systems from a physical perspective. The distributed systems here include, but are not limited to, blockchain. Taking blockchain as an example, the physical network layer used by blockchain has hardly changed since the birth of Bitcoin. However, RPC nodes, MEV systems, and even L2 can benefit from DoubleZero.

Outside of blockchain, content delivery networks (CDN), gaming applications, large language models (LLM), and enterprise users are also application scenarios.

CDN ( Content Delivery Network ): Can reduce the threshold and cost of building a self-built network, and improve data transmission efficiency.

Online games: Reduce latency and jitter, enhance multiplayer gaming experience, and decrease reliance on cloud service providers.

Large language model training: Quickly transmit training data among distributed GPU resources to accelerate model synchronization and training.

Enterprise-level demand: Provide more flexible and instant high-bandwidth channels than traditional leasing, adapting to varying traffic demands.

Currently, DoubleZero is conducting a node public sale on CoinList, which is the first public sale opened to accredited investors in the United States since 2019.

How big is the imagination space of the fiber optic DePIN market? The original team of Jump Trading has created a DePin project called DoubleZero, which is valued at 400 million and first appeared in Chain News ABMedia.