Summary
- Kalshi‘s order book is adding Solana-based DoubleZero’s low-latency market data feed to meet institutional demand.
- The DoubleZero Foundation described DoubleZeroEdge as a transport layer, sending live exchange and onchain data over dedicated fiber, distributing it simultaneously to all connected traders.
- The model has underpinned traditional financial exchanges, including NYSE, Nasdaq and the CME, for decades, the foundation said.
The growing presence of financial institutions in cryptocurrency brings with it increasing demand for Wall-Street style systems in digital asset markets, such as servers that offer split-second advantages when executing trades.
Kalshi is looking to meet that demand by adding Solana-based DoubleZeros low-latency market data feed to its prediction market order book.
The DoubleZero Foundation said this will provide trading firms with a machine-readable view of a prediction market for pricing, hedging and signal generation on Solana, one of the major layer-1 blockchains.
The foundation described DoubleZeroEdge as a transport layer, sending live exchange and onchain data over dedicated fiber, publishing the data and distributing it simultaneously to all connected traders.
In traditional finance (TradFi), institutions use specialized networks to access data at high speed, whereas in crypto, traders still largely rely on the internet. DoubleZero attempts to address that through a bespoke onchain system.
“This is the same distribution model that has underpinned traditional financial exchanges, from NYSE to Nasdaq to the CME, for decades,” the foundation said in an emailed announcement on Wednesday.