Jump and Solana Experts Launch DoubleZero to Supercharge Blockchain Speed
DoubleZero, led by ex-Solana and Jump Crypto experts, is creating a high-speed private network for blockchains, backed by $28M from top investors.

High-frequency traders have long dominated Wall Street by executing trades at lightning-fast speeds to secure profits. Their success relies on private internet networks that give them an edge in the financial markets. Now, a new crypto project, DoubleZero, is bringing the same high-speed networking concept to blockchain technology.
Bringing High-Frequency Trading Tech to Blockchain
DoubleZero is designed to enhance blockchain speed by utilizing advanced networking technologies that high-frequency trading (HFT) firms have relied on for years. “We can use a completely different set of technologies that have been standard in the high-frequency trading world but never applied to blockchain before,” said Austin Federa, co-founder of DoubleZero and former executive at the Solana Foundation, in an interview with Fortune.
Much like the firms featured in Michael Lewis’ famous book Flash Boys, DoubleZero is obsessed with speed. The project has already attracted major investment, securing $28 million in seed funding from leading crypto venture firms, including Multicoin Capital and Dragonfly Capital. Other backers include Foundation Capital, Reciprocal Ventures, DBA, Borderless Capital, Superscrypt, and Frictionless. Investors received token warrants, promising them allocations of a future cryptocurrency tied to the project.
Building a Faster, Private Blockchain Network
Blockchains, such as Solana and Ethereum, function similarly to cloud computing platforms like Amazon Web Services or Google Cloud, with physical servers handling transactions and running applications. However, blockchain networks currently rely on public internet infrastructure for communication between servers, which slows down processing speeds.
DoubleZero aims to fix this by creating a private, high-speed network for blockchain transactions. Instead of relying solely on the existing public internet, DoubleZero will connect underutilized bandwidth from HFT firms, private companies, and even individual contributors. This approach will dramatically improve transaction speeds and overall blockchain efficiency.
Jump Crypto and Malbec Labs Lead Engineering Efforts
The engineering expertise behind DoubleZero comes from Jump Crypto, the digital assets division of high-frequency trading firm Jump Trading, and Malbec Labs. Unlike traditional telecom companies, DoubleZero isn’t laying down new physical cables—yet. Instead, it is forming a decentralized network by tapping into existing bandwidth sources, ensuring a more efficient and cost-effective solution.
To encourage participation, DoubleZero plans to launch its own cryptocurrency as a reward system. Those who contribute bandwidth to the network will be compensated with tokens, promoting a decentralized infrastructure while maintaining high-speed performance.
The Team Behind DoubleZero
DoubleZero was founded by Austin Federa, Mateo Ward, and Andrew McConnell—each bringing extensive experience in networking and blockchain technology.
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Mateo Ward is the former CEO of Neutrona Networks, a Jump Trading portfolio company specializing in private internet infrastructure.
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Andrew McConnell was a top engineer at Jump Trading, contributing to its high-speed financial technology.
Together, they aim to redefine blockchain connectivity by applying proven networking strategies from the financial world to the decentralized space.
The Future of Blockchain Speed
DoubleZero’s innovative approach could significantly enhance blockchain efficiency, making decentralized applications and financial transactions faster and more reliable. As investment pours in and its technology develops, DoubleZero could become a game-changer in blockchain infrastructure, offering speeds that rival traditional financial networks.
With the backing of industry giants and a strong focus on speed, DoubleZero is poised to set a new standard for blockchain performance.
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