DoubleZero (2Z), Solana’s decentralized network token, is performing strongly and has just entered the top 100 in terms of market capitalization.
In the last 7 days, The price of 2Z went from 0.10 to 0.13 dollars, which represents an increase of 30%as seen in the following graph:
This rise positions 2Z as the cryptocurrency with the highest weekly increase within the top 100 by market capitalization.
Now, what is driving this movement? The asset has just received a “no action” letter by the United States Securities and Exchange Commission (SEC).
A “no action” letter provides regulatory clarity and states that the token will not be considered a security (security) under current standards.
This decision improves the project’s reputation for compliance, facilitates its integration into regulated exchanges, and reinforces its presence within the Solana ecosystem.
DoubleZero has an important participation in this ecosystem: about 39% of staking on the Solana mainnet It is associated with its infrastructure.
Finally, it is worth noting that the project is described as “a high-performance global network for distributed systems.” Its goal is to optimize connectivity and data processing in digital infrastructures, including cryptocurrency networks.