DoubleZero Secures $28 Million in Funding on March 5, 2025

According to media reports, DoubleZero completed a $28 million funding round on March 5, 2025. The round saw participation from Dragonfly, Multicoin Capital, Borderless Capital, Superscrypt, Standard Crypto, Wintermute, GSR, Delphi Digital, Reciprocal Ventures, and DBA. Following this round, DoubleZero's valuation reached $400 million.DoubleZero is a global foundational network optimized for blockchain and distributed systems. The protocol enables permissionless contributions of independent fiber links to build a dynamic, scalable, high-performance low-level global network. This decentralized infrastructure layer allows Layer 1 and Layer 2 blockchain systems to overcome communication bottlenecks and approach maximum performance permitted by physical constraints.It is noteworthy that DoubleZero has made rapid progress. After this funding round, the project launched its mainnet beta in September 2025 and officially deployed its mainnet in October. More importantly, on September 30, 2025, the project received a confirmation letter from the U.S. SEC stating that its 2Z token does not require registration as an equity security. Subsequently, multiple leading exchanges announced the listing of DoubleZero (2Z) spot and perpetual contract trading pairs, reflecting broad market recognition of the project. These developments demonstrate DoubleZero’s innovative strength and growth potential in the decentralized network infrastructure sector.