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How TON-Based Layer-2 Boosts Polygon’s (MATIC) Connectivity Dream

DailycoinDailycoin2024/07/16 06:04
By:Dailycoin
  • TON-facing developers have announced plans to launch an Ethereum Layer 2 using Polygon technology.
  • The move promises to be a significant boon to Polygon’s “aggregated blockchain” vision.
  • TON has been one of the breakout successes of 2024.

As more blockchains spring up, the lack of interoperability between solutions continues to pose a significant user experience challenge to users looking to explore applications across different ecosystems.

To tackle this problem, Polygon has proposed an aggregated chain architecture to horizontally connect as many chains as possible on top of Ethereum using zero-knowledge technology. As this vision gathers momentum, several leading companies and projects are jumping on the bandwagon.

Sponsored

In the latest instance, The Open Platform, a development team linked to The Open Network  (TON) ecosystem-facing projects, has announced plans to build a Layer 2 network for the TON Ecosystem using Polygon technology. The move promises to significantly boost Polygon’s “aggregated blockchain” vision amid TON’s thriving user economy.

TON X Polygon (MATIC)

The TON ecosystem is coming to Ethereum. On Tuesday, July 9, The Open Platform disclosed that it was teaming up with Polygon to launch an Ethereum Layer 2 chain called TON Applications Chain (TAC) to give the TON ecosystem greater access to DeFi , gaming, and more with EVM compatibility.

As disclosed in the announcement, the chain will be built with Polygon’s Chain Development Kit (CDK) , a toolkit that allows projects to quickly spin off ZK-powered Layer 2 chains and plug into the AggLayer , an interoperability solution that Polygon is developing in partnership with several leading teams in the industry to support as many virtual machines as possible.

Big news! TAC is teaming up with @0xPolygon to bring EVM compatibility to the TON ecosystem! Get ready for greater access to DeFi, gaming, and more on Telegram. This is a game-changer! #Web3 #Blockchain #TON https://t.co/ALsiMU8LkF pic.twitter.com/kD9BbW5gu6

— The Open Platform (@topdotco) July 9, 2024

The Open Platform has yet to respond to a DailyCoin request for comment on when this planned chain will go live.

Sponsored

Beyond unlocking new opportunities for the TON ecosystem, the planned TON Layer 2 holds significant promise for Polygon’s goals.

TON’s L2 Move Bullish for the Aggregated Network?

TON has been one of the breakout successes of 2024. Boasting deep Telegram integrations and increasingly popular tap-to-earn applications have led to a seamless and massive onboarding of users. According to TonStat data , monthly active users on the network have surged over 1,400% from about 222,000 on January 1 to about 3.4 million at the time of writing.

TON Applications Chain (TAC) is building a zk-powered L2 w/ Polygon CDK that will connect to the AggLayer, enabling seamless interop unified liquidity for the @ton_blockchain ecosystem

+ EVM compatibility for telegram dApps
+ even more users for the aggregated blockchain… https://t.co/XU0e73mPnQ

— Polygon | Aggregated (@0xPolygon) July 9, 2024

By connecting this ecosystem to the AggLayer, these millions of retail users could seamlessly hop across other chains attached to the protocol. The move would serve as a boon to chains already connected to the AggLayer while attracting new projects that are looking to attract the budding user ecosystem.

On the Flipside 

  • The timeline for the TON Applications Chain launch remains unclear.
  • The Open Platform differs from the TON Foundation, the primary development team behind the TON ecosystem.

Why This Matters

The TON ecosystem plays host to millions of retail users. The connection of the ecosystem to Polygon’s aggregated network promises to serve as a significant boon to the ecosystem and Polygon’s goals.

Read this for more on Polygon:
Polygon (MATIC) Tackles $0.50 Resistance on 30% Volume Surge

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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