July 15, 2024 marks a historic date for blockchain and decentralized finance: the mainnet of TAC (TON Application Chain) has been officially launched, a blockchain designed to enable EVM-compatible decentralized applications to access the TON and Telegram ecosystem. This event opens the doors to over one billion Telegram users, who can now interact directly with the main Ethereum DeFi dApps.
TAC: the Ethereum DeFi ecosystem lands on Telegram and TON
With the mainnet launch, some of the most important DeFi applications on Ethereum, including Curve, Morpho, and Euler, are now also available on Telegram and TON. These platforms represent the best of decentralized financial innovation and, thanks to TAC, are ready to offer their services to an audience never seen before in the crypto world.
The declared goal of TAC is to bring real utility from day one, integrating the most reliable dApps of Ethereum directly into the Telegram ecosystem. This step transforms Telegram into a true super app, capable of offering advanced financial services to both bull and bear users experienced in cryptocurrencies and those less familiar with the sector.
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A solid support: The Open Platform (TOP)
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Behind the success of TAC is the support of The Open Platform (TOP), a founding partner that played a crucial role in the development of the project. In July 2024, TOP achieved unicorn status thanks to a valuation of one billion dollars, after raising 28.5 million dollars in a Series A funding round. The shared vision between TOP and TAC is to accelerate the mass adoption of blockchain by integrating innovative solutions into the daily lives of users.
Andrew Klebanov, Managing Partner of TOP Labs, emphasized how the launch of the mainnet represents “a fundamental step to bring DeFi to the general public,” highlighting TAC’s ability to connect Ethereum dApps with the Telegram ecosystem and offer tangible utility to over a billion users.
DeFi Summer on Telegram: liquidity and innovation
The arrival of the main DeFi platforms on TAC marks the beginning of a true DeFi Summer on Telegram. In addition to Curve, Morpho, and Euler, other significant dApps such as Bancor, ZeroLend, IPOR Fusion, and Market.win are already active on TAC. These applications will form an operational and integrated DeFi ecosystem within Telegram’s blockchain economy, with the potential to surpass traditional EVM networks thanks to Telegram’s distributive power.
A key element for the success of this initiative was the Summoning Liquidity campaign, carried out in collaboration with Turtle Club. This campaign made it possible to gather over 800 million dollars in TVL (Total Value Locked), ensuring robust markets and solving the typical liquidity problem that plagues new DeFi ecosystems.
A phased launch: from the developer to the end user
The path towards the public launch of the TAC mainnet has been carefully planned. The Developer Mainnet was launched in mid-June, providing developers with the necessary time to test and deploy their applications before the public mainnet goes live. After the creation of the Genesis block, validation began with a pre-selected set of validators, thus ensuring the stability of the network.
With the second phase, that of the Public Mainnet, EVM developers now have access to all the necessary features to launch their own apps on TAC, immediately leveraging Telegram’s vast user base and bringing DeFi even to those with no experience in the bull crypto bear sector.
Pavel Altukhov, co-founder of TAC, stated:
“TAC enriches the TON ecosystem with a ready-to-use DeFi layer, tested and operational from day one. This represents an important step not only for TON, but also for the evolution of Telegram as a super app.”
TAC: scalable and secure architecture
TAC presents itself as a blockchain layer 1 built on CosmosEVM architecture, ensuring full compatibility with Ethereum’s Cancun hard fork. The network’s security is ensured by a Delegated Proof-of-Stake (DPoS) consensus mechanism based on Tendermint and the native token $TAC, which allows for block finality in about 2 seconds and enables users to delegate their tokens to trusted validators.
An additional level of security is offered by the integration with Babylon, which introduces Bitcoin staking to strengthen consensus validation. TAC has also formed partnerships with major infrastructure providers such as LayerZero, RedStone, Blockscout, Dune, and Thirdweb, laying the foundation for a scalable and developer-oriented ecosystem.
Sandeep Nailwal, co-founder of Polygon and CEO of the Polygon Foundation, praised the work of TAC, highlighting how their mission perfectly aligns with the goal of unifying fragmented blockchains into a single, simple, and scalable Web3 experience.
A promising future for blockchain on Telegram
The launch of TAC’s mainnet comes after the company raised 11.5 million dollars in seed and strategic funding rounds, led by Hack VC. With a solid technical structure, strategic partnerships, and a clear vision, TAC positions itself as the ideal bridge between Ethereum’s innovation and Telegram’s vast user base.
The integration of DeFi on Telegram through TAC could mark the beginning of a new era for the blockchain, making decentralized finance accessible, secure, and immediate for millions of people around the world.