NAIROBI (CoinChapter.com)—On July 9, the TON Utility Chain (TAC) and Polygon Labs introduced the combination of Ethereum Digital Machine (EVM) performance into the TON ecosystem.
The brand new TON L2, leveraging Polygon CDK and the Agglayer interoperability protocol, will assist EVM-compatible decentralized functions (DApps), permitting Ethereum builders to port their functions to the TAC layer-2 community.
This integration goals to boost DeFi, gaming, and decentralized identification options for Telegram’s huge person base.
Polygon’s CDK and AggLayer to Improve TAC’s L2 Community
TAC’s new layer-2 community, powered by Polygon’s Chain Growth Equipment (CDK) and the AggLayer interoperability protocol, will improve the vary of functions out there on the TON community, facilitating seamless interoperability and decreasing blockchain fragmentation.
Based on a press release, TAC goals to combine EVM-based decentralized functions inside the TON ecosystem, offering Ethereum builders entry to Telegram’s in depth person base. This initiative seeks to extend DeFi, gaming, and identification options inside the TON community.
Surge in TON Community Exercise and Future Prospects
A July 6 put up on X by Messari famous that the variety of every day energetic addresses on the TON community surpassed Ethereum throughout June. Furthermore, TON Utility Chain’s founding crew consists of Curve founder Michael Egerov.
The crew behind The Open Protocol (TOP) additionally gives crypto pockets performance inside the Telegram app.
Moreover, Altukhov disclosed that TON Utility Chain is looking for to boost an extra $5 million in an exterior funding spherical. The assertion describes TAC as a layer-2 community on TON, designed to convey EVM-based DApps to TON and Telegram customers.
Toncoin’s Complete Worth Locked (TVL) has risen within the final month, bucking the development. On July 3, the community’s TVL occasion surged to an all-time excessive of $723 million. At $702 million as of this writing, Toncoin’s DeFi TVL has skyrocketed by over 60% prior to now 30 days.
Solely 5 of the 17 DeFi protocols hosted on Toncoin noticed a decline in TVL throughout this era. Notably, the biggest protocol by TVL, DeDust, skilled a TVL spike of over 100% within the final month.
Moreover, every day buying and selling quantity on Toncoin’s decentralized exchanges (DEXes) reached an all-time excessive of $97 million on July 5, reflecting elevated DeFi exercise.
Regardless of these successes, the TON ecosystem has confronted challenges, notably an increase in phishing assaults. As an example, on June 24, SlowMist founder Yu Xian warned about phishing dangers linked to Telegram message teams, airdrops, and different misleading strategies.
Telegram has an estimated 196 million every day energetic customers and 800 million month-to-month energetic customers, based on BankMyCell.