After much talking, building, and anticipation, the Singularity Finance (SFI) testnet is finally here. Its launch brings the vision of a scalable L2 for tokenized RWAs and AI assets a step closer to reality and allows developers to finally put SFI’s tech through its paces.
Over the next three months, the incentivized testnet will serve as a dynamic proving ground for the network’s capabilities, offering participants a first-hand look at the mainnet’s potential while earning rewards for their contributions. In the process, it’ll allow developers to get a feel for the sort of applications that Singuarity Finance will be able to support once its mainnet goes live.
Scalability for an Array of Tokenized Assets
Singularity Finance’s L2 solution aims to tackle persistent blockchain challenges like congestion, high transaction fees, and scalability bottlenecks. Built on the OP Stack to ensure compatibility and deep integration with the Ethereum EVM, SFI L2 offers a streamlined, cost-efficient alternative without sacrificing security or decentralization.
But the release of the testnet isn’t just about infrastructure. It’s also about community, innovation, and collaboration. An incentivized testnet program has been designed to attract web3 users, developers, and protocols, inviting them to actively participate in shaping a protocol that’s one of the most eagerly anticipated releases of 2025.
What the SFI Testnet Brings to the Table
More than a technical trial, the Singularity Finance testnet is a wide-ranging initiative with clear objectives in place:
Stress Testing: High transaction volumes will push the system to its limits, exposing bottlenecks and edge cases that must be resolved before mainnet launch.
Feature Validation: Core functionalities like bridging assets, oracle integrations, and Verifiable Random Functions (VRFs) will be rigorously evaluated.
Community Building: A gamified rewards system incentivizes participants to test features, report bugs, and contribute feedback, fostering a vibrant ecosystem of users and developers.
With its combination of technical rigor and user-focused engagement, the testnet sets the stage for SFI’s mainnet to deliver on its promises. This much is clear: Singularity Finance knows how to capture attention. By rewarding contributions with points that should unlock future perks including mainnet incentives, adoption of the testnet is likely to be strong, attracting a broad swathe of end users and developers.
Participants can climb the leaderboard by performing onchain actions, like staking, swapping, and bridging as well as reporting bugs or proposing enhancements. They’ve also been tasked with creating tutorials, guides, and other educational materials to onboard new users. This gamified approach doesn’t just ensure active engagement; it should build anticipation for what’s to come, with users invested in both the testnet’s success and their own standing within the community.
A Sandbox for Developers and Builders
For developers, the SFI testnet promises a playground of possibilities. Tools like Hardhat and Truffle enable seamless smart contract deployment, while a dedicated block explorer ensures transparency in monitoring transactions. Comprehensive tutorials and technical documentation are also on hand, providing clarity on how to interact with the network and unlock its full potential.
Additionally, Singularity Finance plans to roll out a grant program to support developers who commit to building within its ecosystem. With these resources, SFI is poised to attract both independent builders and established protocols looking to scale. SFI has taken steps to ensure accessibility for participants of all experience levels.
Connecting to the testnet is as simple as configuring a web wallet through MetaMask and in the Networks tab inputting the following details:
RPC URL: https://rpc-testnet.singularityfinance.ai
Chain ID: 751
Symbol: SFI
Explorer URL: https://explorer-testnet.singularityfinance.ai
A faucet provides free test SFI tokens to cover gas fees, enabling participants to dive straight into transactions, staking, and swapping. By gathering community feedback and validating features in real-time, Singularity Finance is ensuring its mainnet will be ready for large-scale adoption.
There’s still much work to be done, but with the launch of its testnet, the AiFi revolution SFI has promised to unlock is a step closer to becoming a reality.
