DeFi
TON Application Chain and Polygon Labs Integrate EVM
TON Application Chain (TAC) and Polygon Labs have collaborated to bring Ethereum Virtual Machine (EVM) functionality to the TON ecosystem. This integration aims to improve the diversity of applications available to TON users, such as decentralized finance (DeFi), gaming, and identity solutions.
On July 9, TAC and Polygon unveiled their integration of the Polygon CDK and the Agglayer interoperability protocol. This initiative will introduce EVM-compatible decentralized applications (DApps) to the TAC platform.
TAC CEO Pavel Altukhov emphasized that this collaboration will bridge the gap between the TON and Ethereum ecosystems, facilitating DApp integration within Telegram.
By leveraging apps like Wallet in Telegram, Ethereum developers will gain access to a large user base, allowing for more real-world crypto applications to be developed. Potential use cases include DeFi, gaming, and decentralized identity solutions.
TON Network Active Addresses Surpass Ethereum’s
On July 6, Messari reported a notable increase in daily active addresses on the TON network, surpassing Ethereum in June. TAC’s founding team, including Curve founder Michael Egerov and the team behind The Open Protocol (TOP), have driven this growth. TOP offers a crypto wallet feature within the Telegram app, improving the user experience.
TAC, a layer-2 network built on TON, is designed to bring EVM-based decentralized applications to TON and Telegram users. While the network has seen an increase in trading activity of new tokens, it has also faced an increase in phishing attacks.
SlowMist founder Yu Xian has warned of the risks of phishing within the Telegram ecosystem, highlighting the spread of deceptive links via group messages and airdrops.
Despite the security concerns, TAC and Polygon Labs’ integration of EVM functionality marks a significant step forward. This development promises to enhance the range of applications available to TON users, opening up new opportunities in DeFi, gaming, and more.
This collaboration highlights the potential for further innovation within the TON and Ethereum ecosystems.
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