TON Introduces TAC; A Layer-2 Network Using Polygon Technology
  • The TON blockchain introduces the TON Application Chain, which uses Polygon technology to build a Layer 2 network.
  • TAC aims to make TON compatible with the Ethereum Virtual Machine.

Ton Coin [TON]Blockchain continues to see development activity to leverage different technologies for competitive advantage.

A new project called TON Application Chain (TAC) is developing a layer-2 network for the TON ecosystem, which will be run by Polygon.

Blockchain Researcher Colin Brown I shared the news on X (formerly Twitter).

“Exciting news for the TON blockchain ecosystem! We are pleased to introduce the TON Application Chain (TAC), a new Layer 2 network powered by Polygon’s technology. Announced at EthCC, TAC aims to enhance TON with compatibility with the Ethereum Virtual Machine, enable seamless app migration, and foster innovation in DeFi and gaming.”

According to an official statement, TAC will be uniquely compatible with the EVM (Ethereum Virtual Machine) that runs on the Ethereum blockchain OS.

Compatibility with EVM is very important because the TAC Layer 2 network allows upgrades to be ported to other developers in the same ecosystem.

What EVM brings to the TON ecosystem

In particular, TAC will allow EVM applications on the TON ecosystem and allow ETH developers to develop other advanced programs for Telegram users.

It promises interoperability and scalability, which will be key in attracting a range of developers with advanced EVM-supporting technologies.

This will play a key role in decentralizing applications on the Telegram platform. Similarly, TAC will help develop DeFi apps for the Toncoin ecosystem.

Why is this important?

This project is important because it uses the Chain Development Kit (CDK) which allows a wide range of developers to build Layer 2 blockchains. The CDK is developed on Polygon’s AggyLayer and helps to solve blockchain fragmentation.

Polygon aggregation The official X-page stated:

“TON Application Chain (TAC) is building a zk-based L2 with Polygon CDK that will connect to AggLayer to enable seamless interoperability and integrated liquidity. Ton Blockchain“ecosystem”.

Does TAC have any impact on price charts?

At the time of writing, TON is trading at $7.36, down 7.08% over the past seven days. However, TON is trading higher, up 0.39% on the daily chart.

Source: Tradingview

According to AMBCypto’s analysis, TON is in a consolidation phase and heading towards an upside reversal. At the time of writing, Toncoin’s EMA is at $7.36, the same level as the price, suggesting a neutral market with the price remaining flat.

This price movement shows that there are no positive benefits for either the sellers or the buyers. Similarly, if the price continues to rise after hitting the EMA, the trend will turn bullish.

Source: Tradingview

A relative strength index of 49 indicates that the market is in equilibrium. Neutral market conditions mean that buying pressure and selling pressure are equal, which means the market is in equilibrium.


Read Toncoin (TON) Price Prediction 2024-25


This is further evidence that the market is in a consolidation phase.

If the altcoin price continues to approach and cross over the EMA, Tongcoin price can rise to the next resistance level at $7.64. However, if the selling price holds, the price can drop to $7.05.

0 Comments

Leave a Comment