DoubleZero Unlock on October 2: 1.655 Billion 2Z Come Free
On October 2, 2026 DoubleZero releases 1.655 billion 2Z from lock-up in one moment, a supply increase of roughly 47.7 percent in a single day. Who receives the tokens, how to calculate the dilution yourself, and why the project publishes no unlock schedule of its own.
On October 2, 2026, DoubleZero releases 1,655,000,000 2Z from lock-up in a single moment. That is 16.55 percent of the maximum supply of ten billion tokens and, measured against the circulating supply on September 2, 2026, an increase of roughly 47.7 percent. For every two tokens tradable today, almost one more arrives on that single day.
This article answers four questions: what technically happens on the date, who receives the tokens, how you can calculate the dilution yourself, and how to tell which of the circulating figures holds up. All values were collected on September 2, 2026 and are cited with source and time, so you can check them yourself on the day. Anyone holding at an exchange should know the date in any case: 2Z is listed on several venues, and a supply jump of this size is precisely the kind of event that makes a look at the crypto exchange comparison worthwhile before the date rather than after it.
What happens at the DoubleZero unlock on October 2, 2026
A token unlock is the moment at which contractually locked tokens become available to their recipients and can, for the first time, be sold, transferred or deployed. The DoubleZero date falls on October 2, 2026, 00:00 UTC. A total of 1,655,000,000 2Z is released, spread across seven separate buckets.
The distinction between two things that are often conflated matters here. Unlocked means the recipient may dispose of the tokens from that moment. It does not mean anyone actually moves, sells or sends them to an exchange. An unlock is a supply-side event, not an action by a market participant.
2Z is an SPL token, a token following the Solana blockchain standard, comparable to what ERC-20 is for Ethereum. A direct measurement of the token contract via a public Solana endpoint returned a total supply of 9,998,104,378.34 2Z on September 2, 2026 at 00:38 UTC. The starting supply of ten billion tokens that DoubleZero itself cites on its tokeneconomics page is therefore verifiable on chain, less the amount burned so far.
Cliff or linear vesting: why this distinction explains the entire date
A cliff is a lock that holds completely until a fixed date and then releases the entire tranche at once. Linear vesting, by contrast, releases a steady rate over a period, weekly or monthly for instance. The difference matters considerably to the market: a linear rate can be absorbed by ongoing trading, while a cliff hits an order book on a single day that was not built for it.
At DoubleZero both mechanics take effect on this date simultaneously, and that is exactly what most calendar entries miss. The cliff covering 1.655 billion tokens is the visible part. In addition, linear vesting for the same recipient groups starts on the same date. Once at full size, the weekly rates add up to 31,138,000 2Z per week. That equals roughly 0.90 percent of today's circulating supply, week after week, on top of the cliff.
The same design is currently in play a second time: at Plasma a one-year cliff also falls on September 25, 2026, and the analysis of the XPL lock-up shows the same mechanism at a different scale.
Who receives the 1.655 billion 2Z: the seven buckets in the unlock schedule
According to data from DoubleZero's on-chain emissions tracker at DefiLlama, retrieved on September 2, 2026, the cliff is distributed across seven named recipient groups. The individual amounts add up exactly to the total:
- Jump Crypto: 575,000,000 2Z (34.7 percent of the cliff)
- Malbec Labs: 350,000,000 2Z (21.1 percent)
- Institutions: 300,000,000 2Z (18.1 percent)
- Team: 250,000,000 2Z (15.1 percent)
- Contributors: 100,000,000 2Z (6.0 percent)
- Builders: 50,000,000 2Z (3.0 percent)
- Validators Sale: 30,000,000 2Z (1.8 percent)
The four buckets the tracker classifies as insider holdings, namely Jump Crypto, Malbec Labs, Team and Builders, come to 1.225 billion tokens between them and therefore 74 percent of the entire cliff. A further 330 million falls into the private sale category, meaning institutional buyers and the validator sale. The remainder, 100 million tokens for contributors, belongs to the farming category.
This classification comes from the tracker and says nothing about the recipients' intentions. The tracker states which bucket opens when, and nothing about what happens afterwards.
The final distribution: who owns 2Z once every lock has expired
More instructive than the single tranche is the target distribution. According to the same tracker, the maximum supply of ten billion 2Z ends up split as follows: DoubleZero Foundation and Ecosystem 29 percent, Jump Crypto 28 percent, Malbec Labs 14 percent, Institutions 12 percent, Team ten percent, Contributors four percent, Builders two percent, Validators Sale one percent.
Progress as of September 2, 2026 shows how little of that has opened so far. The Foundation bucket is 100 percent unlocked, the validator sale 70 percent, Jump Crypto 17.9 percent. All five remaining buckets stand at zero percent. For Malbec Labs, Team, Institutions, Contributors and Builders, October 2, 2026 is therefore the day anything is released for the very first time.
How to calculate the 2Z dilution yourself in three steps
Dilution describes the reduction in the share a single token holds in the total supply when new tokens arrive. The calculation needs no software, only two figures and a calculator.
Step one: fetch the current circulating supply. On September 2, 2026 at 00:34 UTC, CoinGecko reported a circulating supply of 3,469,521,878 2Z at a price of $0.053265, roughly 0.046 euros. Market capitalisation therefore stood at $184.8 million, with a fully diluted valuation of $532.5 million.
Step two: set the unlock in relation. 1,655,000,000 divided by 3,469,521,878 gives 0.477. The circulating supply therefore grows by 47.7 percent. After the date, 5,124,521,878 2Z are in circulation on paper, equal to 51.2 percent of the maximum supply. Before it, the figure was 34.7 percent.
Step three: hold the value against market depth. At the September 2 price, 1.655 billion tokens correspond to roughly $88.2 million. Twenty-four-hour trading volume at the same moment was $3.05 million. On paper the cliff therefore equals around 29 full trading days. That number is not a forecast. As a ratio it only quantifies how much market depth would be needed to absorb the released amount if it were sold in full. We ran exactly the same calculation for the monthly ZRO dilution at LayerZero, there at a different scale and with the same approach.
Why the 2Z circulating supply is a definition and not a measurement
Here lies the trap that catches someone at almost every unlock. The circulating supply appears nowhere on the blockchain. Behind it always sits a calculation rule, and different data providers apply different rules.
At DoubleZero this is particularly visible. On October 2, 2025, the day trading began, 3.47 billion tokens were released: 2.9 billion for DoubleZero Foundation and Ecosystem, 500 million for Jump Crypto, 70 million from the validator sale. DefiLlama's emissions tracker still lists the 2.9 billion Foundation tokens as noncirculating to this day and therefore excludes them from the tradable supply. CoinGecko counts them in and consequently arrives at a circulating supply of 3.47 billion.
Both figures are internally consistent; they simply answer different questions. When you read a dilution calculation, first check which definition of circulating supply sits inside it. For the calculation above I deliberately took CoinGecko's broader definition, because it is the more conservative one and leads to a smaller dilution percentage. Under the narrower definition, excluding the Foundation tokens, the increase would be around 290 percent.
After the cliff comes the rate: 31.1 million 2Z per week
The day itself is only half the story. From October 2, linear vesting additionally begins for six of the seven buckets, with a weekly rate ramping from zero to full size. Broken down according to the tracker: Jump Crypto 11.02 million, Malbec Labs 6.71 million, Institutions 5.75 million, Team 4.79 million, Contributors 1.92 million and Builders 0.96 million 2Z per week.
In total that comes to 31.138 million tokens per week, roughly 4.45 million per day. At the September 2 price, the daily rate corresponds to about $237,000 and therefore around 7.8 percent of today's daily volume. The cliff is the loud event; the rate is the quiet one that remains afterwards.
Burn versus unlock: what the protocol actually sets against the supply
A burn is the permanent destruction of tokens, which thereby disappear from the total supply. DoubleZero burns a share of protocol revenue, and the project discloses the figures itself. In the token holder update for the second quarter of 2026 dated August 18, 2026, the DoubleZero Foundation reports roughly $330,000 in revenue for the quarter across 39 settlement epochs, equal to about 4.35 million 2Z. Ten percent of that was burned, meaning 435,000 2Z. Since launch the protocol has burned a total of roughly 1,800,000 2Z according to the same source.
What the 919-to-one ratio says about the order of magnitude
Put the two numbers side by side. The cliff on October 2 covers 1.655 billion tokens. Since launch, roughly 1.8 million have been burned. The unlock of a single day is therefore about 919 times what the protocol has destroyed in its entire history. At the burn pace of the second quarter it would take roughly 3,805 quarters to offset the amount, a good 950 years.
This comparison is not a verdict on the project. It places two quantities side by side that are routinely put on the same footing in tokenomics discussions, although three orders of magnitude separate them. According to the Foundation, the burn at DoubleZero is explicitly a safeguard against self-generated traffic and not an instrument of supply management. Reading it as a counterweight to the unlock schedule assigns it a job it never had.
What DoubleZero builds and where the revenue comes from
To give the figures context: DoubleZero operates a network of fibre routes and hardware contributed by independent operators, and delivers low-latency market data across it. That places the project in the DePIN category, meaning decentralised physical infrastructure networks in which real hardware is coordinated and compensated through a protocol.
According to the Foundation's quarterly report, the network counted 14 independent contributors at quarter end, with more than 170 active network contributions across 97 devices in 63 data centres, spread over 30 metropolitan areas in 18 countries, at a total provisioned capacity of roughly ten terabits per second. Across 66 measured corridors the Foundation reports an average round-trip time roughly 21.6 percent lower than the public internet. The first paying service, a data feed for Solana block data, had 115 subscriber slots during the quarter at an average of about $8,500 per epoch.
On its official tokeneconomics page, DoubleZero explicitly describes 2Z as the network's means of payment and draws three boundaries around it: no governance token, no emissions to subsidise unused capacity, and expressly no claim to dividends, yield or passive income. On the project's own account, holding 2Z means holding a utility good and not a share.
Why the date falls exactly on the anniversary of the trading launch
October 2, 2026 is not an arbitrary date. It falls exactly one year after October 2, 2025, the day the first large tranche was released and trading began. Such one-year locks for team and early backers are standard practice at token launches.
The price history in between is unusually well documented. The all-time high of $0.8937 dates, according to CoinGecko, from October 2, 2025, the launch day itself. The all-time low of $0.0463 dates from August 19, 2026. The price on September 2, 2026 sits roughly 94 percent below the all-time high and therefore only just above the low.
For recipients of the locked tranches this means their cost basis in most cases lies well below today's price, because team, investor and contributor allocations are created before trading begins. One market participant can read an incentive to sell into that; another can point out that selling near the all-time low is unattractive for long-term holders. Both readings are permissible, and neither is a statement about actual behaviour.
Bull case and bear case: what an unlock says about the price and what it does not
There is no reliable rule on how unlocks affect the price, but rather two opposing explanatory patterns, both of which are argued in the market literature.
The bear case argument runs: a supply increase of 47.7 percent meets a thin order book, recipients hold a low cost basis, and market participants position themselves accordingly well before the date. The bull case argument runs: the date has appeared in every public calendar for a year and is therefore long priced in, part of the tranches stays tied up in market-maker agreements, and once the event has passed the uncertainty disappears, which can be read as relief.
What can be said without speculating: the date is documented, the amount is documented, the distribution is documented. Everything beyond that is expectation. Anyone reading a price forecast tied to an unlock should check whether it even reproduces those three verifiable quantities correctly before it becomes interesting.
Where to look up the unlock calendar yourself and what the project does not publish
One finding belongs here explicitly, because it bears on how much weight all the figures above can carry: DoubleZero publishes no unlock schedule of its own. The official tokeneconomics page names the starting supply, the intended uses and the principles, but no dates and no tranches. A review of the project's technical documentation site map turned up no tokenomics or vesting page. In every version in circulation, the unlock calendar comes from third parties.
In practice this means you will find the date at DefiLlama under the Unlocks menu item, in the CoinMarketCal event calendar and at specialist trackers such as Tokenomist or CryptoRank. These sources arrive independently at the same day and the same order of magnitude, which supports the figure. What they do not do is replace a primary source. Anyone using the number in their own decision should know that and verify it on chain on the day itself rather than treating it as an official commitment.
For following several such dates on an ongoing basis, a tool beats a notes list. A portfolio tracker with a tax function shows holdings, cost basis and holding period in one place, and those are exactly the three values you need in the next section.
Holding period and tax allowance: what German investors check before the date
For private investors with unlimited tax liability in Germany, gains from the sale of cryptocurrencies fall under private disposal transactions pursuant to section 23 of the German Income Tax Act. The rule has two figures that this date engages very directly.
First the holding period: if more than one year lies between acquisition and sale, the gain remains tax free. Anyone who bought 2Z at the trading launch in October 2025 therefore crosses that threshold right around the unlock date. Second, the tax allowance of 1,000 euros per calendar year for gains realised within the one-year period. Allowance here means a threshold: if the amount is exceeded, the entire gain becomes taxable and not merely the excess. For matching acquisitions to sales, the FIFO method applies in practice, under which the units bought first count as sold first.
This is a general description of the legal position and not tax advice. Anyone considering a sale before the date should know their own acquisition date before the price makes the decision for them, and seek tax advice if in doubt.
Frequently asked questions about the DoubleZero 2Z unlock
How much 2Z is unlocked today and how large is the total supply?
Total supply stands at ten billion 2Z. The number of tokens already unlocked is roughly 3.47 billion, or 34.7 percent. After October 2, 2026 the figure is 51.2 percent on paper. The remaining token distribution then continues through the weekly rate until every tranche has been worked through.
How large is the fully diluted valuation of 2Z?
The fully diluted valuation, or FDV, extrapolates the current price across the maximum supply. At $0.053265 and ten billion tokens that gives roughly $532.5 million, against a market capitalisation of $184.8 million. The gap between the two figures is precisely the portion an unlock schedule works off over time.
Is the vesting at DoubleZero a cliff or linear?
Both, and from the same date. October 2, 2026 is a cliff covering 1.655 billion tokens; immediately afterwards linear vesting begins for six of the seven buckets. Looking only at the cliff understates the selling pressure that becomes arithmetically possible in the following months.
Where can you buy 2Z?
As an SPL token, 2Z trades both on centralised venues and through decentralised exchanges in the Solana ecosystem. Which coins a provider lists at all differs considerably by provider and country, and at a trading volume of roughly three million dollars a day, order book depth varies widely from venue to venue. Before placing an order, check whether your provider lists 2Z and which order types it offers for it.
How did the price develop after the first unlock?
After the first release on October 2, 2025, 2Z marked its all-time high the same day and then declined over eleven months to its all-time low on August 19, 2026. That development is a single path and not a pattern. In crypto markets, the influence of an unlock can almost never be cleanly separated from the wider market environment, and over the same period the protocol's business model and its number of paying users changed as well.
DoubleZero unlock: what to take away
- Put October 2, 2026 in your calendar and review your holdings before it, not after. 1.655 billion 2Z correspond to a supply increase of roughly 47.7 percent in one day, and a weekly rate begins ramping from the same date. If you hold 2Z at a trading venue, get clarity on your provider's fees and order types beforehand in the exchange comparison.
- Calculate the dilution yourself instead of adopting a percentage. Fetch the circulating supply, divide by the unlock amount, hold the value against daily volume. Always check which definition of circulating supply the source uses, because at 2Z the broad and the narrow definition are 47.7 against roughly 290 percent apart. Which tools keep supply data and calendars permanently in view is covered in the comparison of analytics platforms.
- Settle your holding period before deciding on a sale. Acquisition date, cost basis and holding period belong in one place, not in three screenshots. A tax and portfolio tool handles the FIFO matching for you and documents it for the tax office at the same time.
(As of September 2, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text. The feature image was generated with AI.
