Solana’s decentralized network token, DoubleZero (2Z), has performed well and just entered the top 100 by market capitalization.
In the last 7 days, The price of 2Z goes from $0.10 to $0.13, which represents a 30% increase.as seen in the following graph.
This rise positions 2Z as follows. Cryptocurrencies with the highest weekly growth rate among the top 100 market capitalizations.
So what’s driving this movement? The asset just received a “do nothing” notice from the U.S. Securities and Exchange Commission (SEC).
The “do nothing” letter clarifies the regulations and states: Tokens are not considered securities (safety) By current standards.
This decision improves the project’s compliance reputation, facilitates integration into regulated exchanges, and strengthens its presence within the Solana ecosystem.
DoubleZero plays an important role in this ecosystem. Approximately 39% of Solana mainnet’s investment is related to its infrastructure.
Finally, it’s 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 infrastructure, including cryptocurrency networks.
