The Open Platform to Launch L2 Protocol Using Polygon Technology

The team behind The Open Platform (TOP) is developing a Layer 2 solution based on Polygon CDK for The Open Network (TON) ecosystem.

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

TOP is closely integrated with the TON ecosystem, leveraging its technology and infrastructure.

The new protocol, named TON Applications Chain (TAC), will employ a software toolkit for creating and launching Ethereum-based L2 networks, utilizing zero-knowledge proof technology.

Developers will also utilize Polygon’s AggLayer—an aggregation layer focused on interoperability and addressing blockchain fragmentation.

According to information provided to the publication, TAC is “designed to integrate EVM-based decentralized applications into the TON ecosystem.” The protocol also enables Ethereum developers to create new programs for Telegram users.

“TAC is set to significantly enhance liquidity access and accelerate DeFi adoption within the TON ecosystem,” project representatives noted.

They also emphasized that the new protocol “will pave the way for a wide range of innovative applications.”

According to DeFi Llama, the TVL of The Open Network ecosystem exceeds $700 million.

Earlier, the American venture fund Pantera Capital reported “record” investments in TON.