Layer-1 Blockchain Ton said that it is linked to the Layerzero interoperability protocol to allow users to move funds between multiple ecosystems in a relationship that will generate greater use and rates for both parties.
Ton will initially connect to 12 blockchains, including Ethereum, Tron and Solana. Users can transfer stablcoins to tons using Stargate, the largest cryptographic bridge. Stargate handled $ 1.6 billion in volume during the past month, as defiliated.
Users will also benefit from the multicin liquidity of Lapeerzero, which allows funds blocked in different block chains to be grouped to reduce the possibility of sliding, a change in the price between starting and ending a transaction, or a direct failure .
Liquidity is key decentralized finances (defi). There are about $ 117 billion in total blocked value (TVL) in all block chains. But with more than 4,400 blockchains and layer 2 networks, according to defill, the liquidity per chain is fragmented. If a commercial company wanted to lend or borrow hundreds of millions in a specific chain, it is likely that the relatively large transaction value leads to sliding or failure. The possibility that this happens is reduced when liquidity is grouped.
Crypto Firms Tether and Ethena will also use integration, with the badge of $ 5 billion of the latter, USDE, ready to start. Tether’s new USDT0 Stablecoin, which was launched to address liquidity problems, is transferred between Ton, Tron, Ethereum, zeal and arbitr through its new product, The Legacy Mesh.
Developers will also benefit from integration, since tokens can be implemented in tons from any of the Layerzero chains using a single contract.
Ton was created in 2018 as an internal project in the Telegram messaging application, which abandoned development two years later. In September 2023, Telegram supported the ton now independent and said it would integrate the block chain into the application user interface. Last month, it became the exclusive block chain for the Telegram mini apps ecosystem.
“Ton is undoubtedly one of the most exciting ecosystems today,” Bryan Pellegrino, CEO of Layerzero, said. “After its exclusive association with Telegram, it now has access to almost one billion users.”
