The TON Application Chain (TAC) is teaming up with Polygon Labs. Their goal? To make the TON ecosystem play nice with the Ethereum Virtual Machine (EVM).
It's a big deal. TAC is building a Layer-2 network for TON. This blockchain is known for its ties to Telegram, the messaging app.
Why does TON need this Layer-2 integration? It's simple. They want to tap into Ethereum's massive developer community.
The new Layer-2 chain will use Polygon's tech. It'll leverage Polygon CDK and Agglayer, an interoperability protocol. This combo will let EVM-compatible decentralized apps (DApps) run on TAC.
Pavel Altukhov, TAC's CEO, spilled the beans to CoinDesk. "We're going with Polygon for a few reasons," he said. "EVM compatibility, easy liquidity access, solid support, and their EVM know-how."
What's in it for developers? A lot, actually. They can port their Ethereum-based apps to TAC without breaking a sweat. And they'll get access to Telegram's huge user base.
Altukhov's pretty stoked about recent developments. He pointed to USDT's integration on TON and the success of Notcoin, a popular Tap-to-Earn game.
The numbers are looking good. TON's got 5.8 million monthly active on-chain wallets on Telegram. That's nothing to sneeze at.
Here's a kicker: TON recently beat Ethereum in daily active addresses. On June 3, it hit 568,300 DAAs and it's worth noting that Ethereum - second most popular crypto in the world - hasn't seen those numbers since September 2023.
The Layer-2 race is heating up. Coinbase launched Base last August. It's built on the OP Stack and has already locked in over $6 billion. Other players like Blast, Optimism, and Arbitrum are in the mix too.
With TON joining the fray, things are bound to get interesting. It's a young man's game, and TON's playing to win.