ZIG jumps 11% as ZIGChain launches testnet

Zigchain, the layer 1 blockchain developed by the social investment platform Zignaly, announced that its test is now live.

The testnet will allow developers to explore, build and test decentralized financing solutions and tokenization of real assets aimed at democratizing generation and wealth access, noted the L1.

Zigchain’s price (Zigou) Token pink after the announcement. Crypto.News data showed that Zig’s price was increasing by more than 11% when writing the editorial’s time, $ 0.11 $ 0.11. The token previously reached peaks of $ 0.17 in December 2024, a rally powered by the massive redemption and burning program of the platform.

Recently, Zigchain revealed Its 44th Burn event had permanently withdrawn 43,771,804 traffic zig tokens.

According to Zignaly, Zigchain, built with the Cosmos SDK, allows developers to take advantage of features such as Token Factory and a decentralized exchange

The first provides assumption of asset creation while the DEX function allows liquidity operations, with those optimized for scalability. The testnet also supports interoperability via compatibility with the inter-blockchain communication protocol.

Zigchain will implement a progressive approach for the Testnet, introducing new features and capacities over time. This approach aims to provide developers with widen functionalities and integrations when experimenting with DEFI and RWA solutions.

The testnet is live a few days after the SCV Security Blockchain Safety Platform announcement They had finished an audit of the pre-test blockchain of Zigchain. SCV said that the successful audit meant that the L1 L1 Testnet Cosmos-SDK Build was not far away.