ZIG Token Soars 11% as ZIGChain Launches Testnet

ZIGChain, the layer-1 blockchain developed by the social investment platform Zignaly, has officially launched its testnet, and the market has reacted positively, with ZIG token surging over 11% in value. At the time of writing, ZIG was trading near $0.11, marking an exciting development for the blockchain project.

The testnet launch opens the door for developers to start exploring and building decentralized finance (DeFi) solutions and real-world asset (RWA) tokenization solutions. The goal behind ZIGChain is to democratize wealth generation and access, allowing anyone to participate in innovative financial ecosystems.

This surge in ZIG’s price comes on the back of continued momentum for the project. Previously, ZIG reached highs of $0.17 in December 2024, driven by a buyback and burn program that the platform executed to increase scarcity and value. Recently, Zignaly announced its 44th burn event, which saw the permanent removal of 43,771,804 ZIG tokens from circulation, further fueling positive sentiment.

ZIGChain, built with the Cosmos SDK, offers unique features to developers. Token Factory supports the creation of assets, while its decentralized exchange (DEX) feature facilitates liquidity operations, all with a focus on scalability. The testnet also supports interoperability, being compatible with the Inter-Blockchain Communication (IBC) protocol, enabling seamless communication between different blockchains.

The testnet launch is part of a phased approach, with new features and capabilities being rolled out over time. This approach is aimed at providing developers with expanding functionality and integrations as they continue to experiment with DeFi and RWA solutions. The testnet’s launch is also significant, as it follows a successful audit of ZIGChain’s pre-testnet blockchain by SCV Security, confirming that the public testnet is now just around the corner.

With these exciting developments, ZIGChain’s testnet launch positions the platform to attract developers and projects focused on the next generation of decentralized finance and tokenization. As the platform evolves, it could play a key role in reshaping how digital assets and traditional wealth are intertwined in the blockchain space.