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HomeNewsMarketTON Utility Chain and Polygon Labs accomplice for TON L2

TON Utility Chain and Polygon Labs accomplice for TON L2


  • TAC and Polygon Labs accomplice to carry EVM-compatible DApps to TON.
  • Integration boosts DApp entry inside Telegram, rising real-world purposes.
  • Regardless of success, rising phishing assaults problem person safety on the TON community.

The Ton Utility Chain (TAC) and Polygon Labs have introduced a groundbreaking partnership geared toward enhancing the TON ecosystem with a brand new Layer 2 (L2) resolution.

This collaboration guarantees to carry Ethereum Digital Machine (EVM) performance to TON, thereby increasing the vary of decentralized purposes (DApps) out there to its customers.

The brand new L2 may have EVM compatibility and expanded DApp ecosystem

In accordance with the collaboration announcement, Polygon CDK and the interoperability protocol Agglayer shall be built-in into the brand new TON L2. This strategic transfer is designed to introduce EVM-compatible DApps to the TAC, considerably broadening the scope of purposes out there to the TON community’s customers.

The important thing areas that the brand new L2 chain will give attention to embody decentralized finance (DeFi), gaming, and identification options.

Pavel Altukhov, CEO of TAC, highlighted the significance of this integration, stating that it enhances their skill to bridge the hole between TON and Ethereum ecosystems.

Altukhov additionally acknowledged that by leveraging purposes like Pockets inside Telegram, Ethereum builders can now attain an enormous person base, facilitating the implementation of real-world crypto purposes.

The mixing is predicted to considerably improve DApp integration inside Telegram, probably the most fashionable messaging platforms globally.

With the brand new EVM-compatible layer, builders can create and deploy a big selection of DApps that Telegram customers can entry seamlessly. This opens up quite a few potentialities, from DeFi purposes and gaming to decentralized identification options, thereby driving innovation and adoption throughout the TON ecosystem.

TON has seen important uptick in person exercise

Even earlier than the unveiled collaboration the variety of each day energetic addresses on the TON community surpassed these on Ethereum throughout June based on a July 6 publish by Messari on X.

This surge in exercise underscores the rising curiosity and engagement throughout the TON group. Nonetheless, regardless of the constructive momentum, the chain’s ecosystem has not been with out challenges. An increase in phishing assaults has accompanied the latest success.

On June 24, SlowMist founder Yu Xian warned that the Telegram ecosystem was “too free,” making it a fertile floor for phishing hyperlinks unfold by means of message teams, airdrops, and different misleading strategies.

The heightened phishing dangers are significantly regarding for customers with nameless numbers not linked to SIM playing cards, as these accounts are extra weak to being compromised by malicious actors.

As Telegram boasts of roughly 196 million each day energetic customers and 800 million month-to-month energetic customers as of April, safeguarding person safety stays a prime precedence.

TON Utility Chain and Polygon Labs accomplice for TON L2

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