TON Application Chain and Polygon Team Up to Launch New TON L2

The TON Application Chain （TAC） and Polygon Labs are partnering to bring Ethereum Virtual Machine （EVM） functionality to the TON ecosystem, enhancing its capabilities and expanding its user base.

Points

• TAC and Polygon are collaborating to integrate EVM-compatible DApps into the TON ecosystem.
• The integration leverages Polygon CDK and the interoperability protocol Agglayer.
• TAC aims to drive interest in DeFi and GameFi applications on the TON network.
• The partnership is expected to increase the number of active on-chain wallets on Telegram.
• TAC is raising an additional $5 million in external funding.

The TON Application Chain （TAC） has announced a partnership with Polygon Labs to integrate Ethereum Virtual Machine （EVM） functionality into the TON ecosystem. This collaboration aims to break down barriers to using the TON Network and significantly increase liquidity access.

Integration Details

The new protocol, called TON L2, will utilize Polygon’s Chain Development Kit （CDK） and the interoperability protocol Agglayer to bring EVM-compatible decentralized applications （DApps） to TAC. This integration will allow Ethereum developers to access a large number of users on Telegram, enabling more real-world crypto applications.

Enhanced Capabilities

By leveraging EVM compatibility, TAC aims to drive substantial interest in DeFi and GameFi applications within the TON network. The integration is expected to amplify demand for the mini apps ecosystem, which has driven the growth of 5.8 million monthly active on-chain wallets on Telegram.

Comments from TAC CEO

Pavel Altukhov, CEO of TAC, highlighted the significance of this partnership:

“EVM applications on the TON network are not available these days. Bridging would mean that a TON user would have to go through sometimes expensive and complex UX, known to a crypto-native only.”

Future Prospects

With this integration, TAC aims to pave the way for innovative applications like decentralized identity solutions and gaming. Additionally, TAC is looking to raise an additional $5 million in external funding to further support its development and expansion.

Market Impact

The integration of EVM functionality into the TON network is a significant milestone, enhancing the network’s capabilities and making it more attractive to developers and users. This partnership with Polygon is expected to drive mass adoption of blockchain technology and facilitate the evolution towards a multichain, and soon multiVM, world.

Conclusion

The collaboration between TAC and Polygon marks a significant step forward for the TON ecosystem. By integrating EVM-compatible DApps and enhancing liquidity access, TAC is poised to become a major player in the blockchain space, driving innovation and adoption.

解説

• Strategic Partnership: The collaboration with Polygon Labs enhances TAC’s capabilities and expands its user base.
• Technological Advancement: Integrating EVM functionality enables more complex and versatile applications on the TON network.
• Growth Potential: Increased liquidity and user engagement are expected to drive the TON ecosystem’s growth and adoption.