TON’s open network dream is hidden in TAC
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TAC Occupies a Strong Position in the TON Ecosystem, as It Is Currently the Only Viable Path to Success
If you had a crypto messaging app used by 1 billion people monthly, with 10 million paying for premium features, what would you do?
Of course, launch a blockchain! Ordinary people might not say this, but considering WeChat as an all-in-one app that allows payments and serves as a wallet, moving in this direction seems reasonable, especially when the app is not designed to be a data collection tool for Meta (ahem, WhatsApp) and its core philosophy is "anti-establishment".
The TON chain was conceived as an open network (which is also the origin of its name) for people to use as a payment layer for Telegram users, allowing them to enjoy the convenience of an in-app wallet.
With the launch of the first crypto mini-apps on Telegram, such as Notcoin, TON's attention quickly rose. These apps attracted over 20 million users in a month and rewarded them through airdrops.
By mid-2024, TON's DeFi ecosystem's Total Value Locked (TVL) was almost $800 million, primarily distributed across decentralized exchanges (DEX) and liquidity staking solutions for its native fuel token.
However, when the ecosystem and click-to-earn mini-app hype subsided, it seemed no one was interested in this "Telegram chain" anymore.
TON faces several challenges: primarily, its infrastructure is not truly prepared to support a large ecosystem, and everything is extremely fragmented. Developers and users operate on completely different and unconnected frameworks, with most participants just riding the wave.
But what if there was a new method to make TON effective for everyone, especially in the DeFi realm?
TIC, TAC, TON!
Meet TAC: A network extension of TON that expands its compatibility with the Ethereum Virtual Machine (EVM). It enables users to directly access EVM applications through their TON wallet without managing multiple wallets or using traditional cross-chain bridges.
[The rest of the translation follows the same professional and accurate approach, maintaining the technical terminology and style of the original text.]
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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