Singularity Finance (SFI), an L2 ecosystem intent on bringing AiFi to the mainstream—that is, the convergence of AI and decentralized finance—has launched its testnet. Its release is accompanied by a three-month incentive program that will maximize adoption while rewarding participants for their efforts.
The goal of the testnet is to demonstrate SFI’s ability to achieve speed, security and developer friendliness while providing an environment for AI innovation to flourish. By offering points-based rewards, SFI hopes to attract a broad cross-section of participants, from end-users to experienced developers who can collaboratively pressure-test the network.
AI gets the scalable network it needs
Ongoing problems with blockchain scalability, exacerbated by the data-hungry demands of the new wave of AI applications, have pushed developers to delve deeper into Layer 2 solutions. SFI’s foray into L2 territory isn’t just another attempt to “scale Ethereum”: it’s an ambitious goal to lay the groundwork for tokenized AI and real-world assets, pushing the boundaries of what can be achieved on-chain.
The test network, now live, will serve to stress test the network infrastructure, ensuring feature validation and gathering a user base that can meaningfully shape its direction. With a robust combination of bridging features, indexers, prophecies, and verifiable random functions (VRFs), all combined, the testnet serves as a testing ground for the technology that will eventually underpin the mainnet.
Why SFI Testnet is worth a closer look
Code reviews and third-party audits can only do so much. The true measure of what the new blockchain is capable of can be found when it undergoes a major stress test. The more users are willing, so to speak, the more likely it is that edge cases will be discovered that can be addressed before the mainnet is deployed.
While developers with some degree of coding experience are in the best position to determine what the new L2 can and cannot do, end users also have a valuable role to play. On the SFI testnet, they can participate by performing testnet transactions (bridging, staking, using faucets) and earn points that can later be converted into rewards. It’s a symbiotic relationship that benefits all parties: users get front-row seats to the birth of one of the most talked-about L2s in years, and SFI gets valuable real-world usage data.
Developers dive deeper into the SFI stack
Developers looking to push the boundaries of what’s possible in web3 will find a compelling sandbox in SFI L2. From technical documentation to how-tos, there are numerous resources available to support their early forays into the new Singularity Finance ecosystem. A grant program is being prepared for developers who want to go beyond simple testing and start actively building.
The SFI team also previews existing DeFi protocols and decentralized applications exploring its L2 testnet. By putting their dapps on the testnet, such projects will be able to determine how SFI’s performance stacks up. This kind of cross-pollination could help the entire web3 ecosystem flourish, especially if it leads to further interoperability between networks.
Getting Started with the Singularity Finance Testnet
For users who intend to see for themselves what SFI has to offer, joining the testnet is as simple as launching a web wallet such as MetaMask and adding these details under “Networks”:
- RPC URL:
- Chain ID: 751
- Symbol: SFI
- Researcher:
They can then visit the faucet and request a test SFI and use these free tokens to pay for fuel and experiment with dapps, bridging and trading. While test networks often feel like “dress rehearsals,” they are also valuable indicators of what the project’s main network will become. If Singularity Finance achieves scalability, user experience and robust security on its L2 testnet, it could quickly gain traction among developers looking for faster transaction speeds without sacrificing compatibility with Ethereum.
That, plus the promise of tokenizing any asset—be it real-world, artificial intelligence, or DeFi—makes a bullish case for Singularity Finance. It’s all in front of us. In the here and now, there is testing to be done and precious points to be earned.
