The long-awaited bridge between the Zilliqa and Ethereum networks is already available on the testnet, as stated by Zilliqa President Amrit Kummer:
ZIL ETH is here! You can evaluate it on the testnet.
Kummer thanked the Switchoe Network, Zil Swap and Poly Network teams for their work on the ZIL-ETH bridge, which is currently being tested prior to final launch.
Communities in the Zilliqa and Ethereum ecosystems are encouraged to test the bridge, which is located at https://zilswap.io/bridge.
The Zilliqa team added that rewards for valuable feedback and suggestions will be available from the 8th to the 22nd of this month. The reward program is described in the message on the Telegram channel:
Test the long-awaited bridge and share your UX / UI and technology feedback in exchange for exciting ZIL Rewards from July 8th to 22nd. Prize pool – $ 5000!
Feedback form: https://forms.gle/SeUHjA1ySAZs6GQYA. Don’t forget to give as many specific comments and suggestions as possible. Happy transition!
In terms of price action, the news of the launch of the Zilliqa-Ethereum bridge testnet did not trigger the expected bullish reaction for the ZIL in the crypto markets. The price’s inability to respond positively to the statement can be attributed to two reasons.
First, bitcoin lost important support at $ 33,000 and traded at $ 32,900 on the evening of July 8.
Second, Zilliqa is still trading below the 200-day moving average after the death cross formed in late June. Hence, the daily ZIL / USDT chart below continues to indicate that the situation will either remain the same or worsen.