UniLend, a popular altcoin money market platform, is set to launch on the Polygon ZkEvm Testnet on March 20, according to an announcement made by the UniLend team on Twitter. The implementation of ZkEvm is expected to provide increased security with lower fees and faster transaction times compared to the UniLend version on Ethereum.
Polygon ZkEvm is a leading implementation of Zero Knowledge proofs for the Ethereum Virtual Machine, developed by Polygon Technologies. Currently in the testnet phase, the beta mainnet phase is scheduled for March 27.
By deploying UniLend Money Market platform on Polygon ZkEvm, UniLend is positioning itself for future-readiness. This move has been welcomed by the cryptocurrency community, and has generated significant interest from investors and traders alike.
In response to this development, Binance, the world’s leading cryptocurrency exchange, has announced the addition of the UFT/USDT trading pair, set to go live on March 17. Currently, UFT is tradable against BUSD and ETH. The introduction of the USDT trading pair is expected to bring in more liquidity to UFT.
Following the news, UFT price is up by 7.3% in the past 24-hours and is trading at $0.452.
UniLend’s expansion onto the Polygon ZkEvm platform is a significant step forward for the company, as it will enable it to provide better services to its customers, while also demonstrating its commitment to innovation and growth in the cryptocurrency space. With this new development, UniLend is poised to take advantage of the growing demand for ZKEvm based DeFi solutions, and establish itself as a leader in the industry.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Bitcoin Sinks Under $67K: Sell-Off Accelerates as Doubts Rise Over Its Digital Gold Status Bitcoin…
Introduction to Rising Crypto Threats The world of cryptocurrency offers exciting opportunities for investment and…
Introduction to the Latest Market Update In early 2026, global markets are shifting fast. Investors…
Top Cryptocurrency for a $100 Investment: Why Bitcoin Leads the Pack Right Now Bitcoin has…
Bitcoin Slips Under $70K as in Tech Earnings Fallout Markets are facing fresh pressure today.…
Why the is Down Today: Bitcoin Battles $70K Support in Liquidation Storm The has taken…