The TON Utility Chain (TAC) and Polygon Labs have teamed up to make the TON ecosystem appropriate with the Ethereum Digital Machine (EVM).
For this, TAC is creating a Layer-2 community for the TON ecosystem, which is understood for its affiliation with the Telegram messaging app.
Why TON wants Layer-2 integration?
On Tuesday, the TON Utility Chain and Polygon introduced the combination of TON to the community.
The brand new Layer-2 chain can be primarily based on Polygon. It is going to use Polygon CDK and the interoperability protocol Agglayer to allow EVM-compatible decentralized applications (DApps) on TAC. It is going to embrace decentralized finance (DeFi), gaming, and id options.
“We selected to construct on the Polygon ecosystem for its EVM compatibility, seamless availability of liquidity from EVM chains through AggLayer, complete deployment help, and Polygon’s EVM experience,” Pavel Altukhov, TAC CEO, mentioned in an emailed assertion to CoinDesk.
TAC is referred to as a Layer 2 community. It’s constructed on TON and goals to convey EVM-based decentralized apps to TON and Telegram customers. The challenge is backed by The Open Platform, an investor centered on the TON blockchain ecosystem.
Such compatibility is essentially wanted to enable builders who’ve created apps primarily based on the favored Ethereum. Devs can simply port their creations to the TAC Layer-2 community inside the TON, particularly to Telegram’s huge consumer base.
Altukhov famous that EVM compatibility will take away the obstacles to utilizing the TON Community, giving Ethereum builders entry to a big Telegram consumer base.
The CEO additionally mentioned the current integration of USDT on TON and highlighted the success of the favored Faucet-to-Earn Notcoin.
Altukhov famous that the growth of the mini apps ecosystem has pushed the expansion of 5.8 million month-to-month energetic on-chain wallets on Telegram. TAC’s integration might increase this demand additional.
Thanks to these current developments, the TON blockchain recorded extra every day energetic addresses (DAAs) than Ethereum final month. In accordance to Artemis, TON witnessed 568,300 DAAs (every day energetic addresses) on June 3, a stage that Ethereum hasn’t hit since September 13, 2023.
Messari additionally highlights TON’s DAAs surpassed ETH in June 2024:
supply: messari
Layer-2 race heating up
With TON’s entry, the Layer-2 race is predicted to get extra attention-grabbing. In August final yr, main US crypto trade Coinbase formally launched the Base. It’s an Ethereum Layer-2 blockchain constructed on prime of the OP Stack (an open-source template).
Base has witnessed a outstanding surge since its launch. In accordance to the info from L2BEAT, the full worth locked (TVL) is greater than $6 billion.
supply: l2beat
Different widespread Ethereum layer-2 options are Blast, Optimism, and Optimism.
Protocols like Celo and Worldcoin have additionally revealed their plans to develop Layer-2 with OP Stack atop Ethereum.
In April, cryptocurrency exchange OKX launched its personal Ethereum layer-2, known as “X Layer,” with Polygon’s CDK.
