ZIG jumps 11% as ZIGChain launches testnet

ZIG jumps 11% as ZIGChain launches testnet

Zignaly has announced the launch of its ZIGChain testnet, marking a key step forward in its mission to revolutionize wealth generation and accessibility through decentralized technologies. The testnet will enable developers to explore, build, and test decentralized finance (DeFi) applications, as well as solutions for tokenizing real-world assets.

Following the announcement, the price of ZIGChain’s native token, ZIG, saw a significant increase, rising by more than 11%, reaching around $0.11 at the time of writing. The token had previously surged to a high of $0.17 in December 2024, driven by the platform’s aggressive buyback and burn initiatives, which recently included the removal of 43,771,804 ZIG tokens during its 44th burn event.

Zignaly, the platform behind ZIGChain, has built the layer-1 blockchain using the Cosmos SDK, offering developers key features like Token Factory and a decentralized exchange (DEX). These tools facilitate asset creation and liquidity operations, both optimized for scalability. Additionally, the testnet supports interoperability through compatibility with the Inter-Blockchain Communication protocol, further enhancing its utility for cross-chain applications.

ZIGChain plans to roll out its testnet in phases, introducing new features and capabilities over time to expand developer functionality and integrate further DeFi and real-world asset tokenization solutions. This launch comes just days after blockchain security platform SCV Security completed a successful audit of the pre-testnet version, signaling that the public testnet is now fully operational and secure.

With this new development, Zignaly aims to solidify ZIGChain’s position as a cutting-edge platform for decentralized finance and blockchain innovation.