TON Application Chain (TAC) Collaborates with Polygon to Build EVM-Compatible L2 Network

A new application TON Application Chain (TAC) has recently announced that it is collaborating with Polygon to build a layer 2 application for the TON ecosystem to ensure a smooth connection to the AggLayer for seamless interoperability and unified liquidity.

A new application TON Application Chain (TAC) has recently announced that it is collaborating with Polygon to build a layer 2 application for the TON ecosystem to ensure a smooth connection to the AggLayer for seamless interoperability and unified liquidity.

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.

As per an announcement at EthCC in Brussels, Belgium, the project powered by Open Platform will boast seamless compatibility with the Ethereum Virtual Machine (EVM). This will serve as a gateway to attracting and onboarding thousands or even millions of users for the aggregated blockchain network. Moreover, the development of Decentralized Finance (DeFi) Applications will be fast-tracked, coupled with gaming and decentralized identity solutions.

In explaining why Polygon was chosen, founder of TAC Pavel Altukhov disclosed that the active community of the layer 2 or sidechain scaling solution played a crucial role.

“We chose to build on the Polygon ecosystem for its EVM compatibility, seamless availability of liquidity from EVM chains via AggLayer, comprehensive deployment support, and Polygon’s EVM expertise. The vibrant community surrounding Polygon was also a crucial factor in our decision.”

TAC to Leverage Polygon CDK

The new network will reportedly leverage Polygon’s Chain Development Kit (CDK) and the Polygon’s AggLayer to unlock its full potential.

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

As we earlier reported, the Polygon CDK was officially introduced in August 2023 to operate as an open-source and modular codebase for the launch of L2 Chain. In other words, any attempt to deploy a chain using the Polygon CDK would also lead to the launching of ZK-powered L2 on Ethereum. The TON Application Chain reportedly made use of this due to the numerous benefits such as its security and near-instant interoperability with other Polygon chains, one-click access to the entire liquidity of Ethereum, seamless and automatic access to shared liquidity of all polygon chains, etc.

It can be recalled that one of the global leaders in crypto payments, Wirex, also announced last year that it is using the Polygon CDK to build its payment-focused L2, App Chain (W-Pay). Similarly, Arianee disclosed earlier this year to be launching L2 for the tokenization of digital product passports at scale using the Polygon CDK.

To analysts, this adoption could continue and steadily drive up the price of its native token, MATIC. Recently, analyst Bixley predicted that the MATIC could surge by 7,800% to trade at $55. At press time, the asset was trading at $0.51 after surging by 0.60%.