-
TAC secures $11.5 million to integrate Ethereum decentralized applications (dApps) with Telegram’s extensive user base, aiming to catalyze a new era of decentralized finance (DeFi) adoption.
-
Strategic alliances with prominent DeFi platforms such as Curve, Morpho, and Euler are set to bolster TAC’s upcoming mainnet launch, ensuring robust ecosystem support.
-
Two successful testnet campaigns have amassed a combined total value locked (TVL) of $817 million, underscoring strong community and investor confidence in TAC’s vision.
TAC raises $11.5M to bridge Ethereum dApps with Telegram’s billion users, partnering with Curve and others to launch a DeFi ecosystem backed by $817M in testnet TVL.
Bridging Ethereum dApps to Telegram’s Billion-User Ecosystem
The TON Application Chain (TAC) is engineered as an EVM-compatible blockchain to seamlessly connect Ethereum decentralized applications with the TON and Telegram ecosystem. While TON’s native smart contracts enable blockchain innovation on Telegram, they lack compatibility with Ethereum’s dominant DeFi protocols. TAC addresses this critical gap by enabling Ethereum dApps to operate within Telegram’s vast user network, potentially unlocking unprecedented DeFi adoption.
With a $5 million strategic funding round led by Hack VC, part of the total $11.5 million raised, TAC is well-positioned to accelerate its mainnet launch. This funding will support the development and deployment of tools that empower developers to bring Ethereum-based applications directly to Telegram users, creating a new frontier for decentralized finance.
Strategic Partnerships Fueling TAC’s DeFi Ambitions
TAC’s collaboration with established DeFi platforms such as Curve, Morpho, and Euler is a cornerstone of its strategy to deliver immediate utility upon mainnet launch. These partners collectively manage over $7 billion in TVL, providing a strong foundation of liquidity and proven DeFi primitives. Curve’s founder, Michael Egorov, emphasized the significance of this integration, stating that “Curve going live on TON and Telegram marks a breakthrough for DeFi accessibility,” highlighting TAC’s role in democratizing access to Ethereum’s robust DeFi ecosystem.
By pre-building more than 20 applications with these partners, TAC ensures that Telegram users will have access to a diverse suite of DeFi services from day one, ranging from liquidity pools to lending protocols, thereby enhancing user engagement and ecosystem resilience.
Robust Testnet Campaigns Demonstrate Strong Market Confidence
TAC’s pre-mainnet initiatives have demonstrated significant traction, with two testnet campaigns collectively securing $817 million in total value locked. The Summoning campaign alone attracted over $700 million in TVL from a mix of leading funds, liquidity providers, and infrastructure participants. This substantial capital commitment reflects the market’s confidence in TAC’s potential to deliver a scalable and user-friendly DeFi experience within Telegram’s ecosystem.
Source: Turtle Club
These funds will underpin the initial liquidity and operational stability of TAC’s DeFi stack post-launch, providing a solid foundation for sustainable growth and user adoption.
Looking Ahead: The Future of DeFi on Telegram
TAC’s integration of Ethereum dApps into Telegram represents a strategic convergence of blockchain technology and mainstream social platforms. By leveraging Telegram’s billion-strong user base, TAC aims to lower barriers to DeFi participation and foster a new wave of decentralized applications tailored for mass adoption.
With strong financial backing, strategic partnerships, and significant testnet engagement, TAC is poised to become a pivotal player in expanding DeFi’s reach. Stakeholders and users alike should watch closely as TAC’s public mainnet launch approaches, signaling a potential shift in how decentralized finance is accessed and utilized globally.
Conclusion
TAC’s $11.5 million funding, combined with strategic partnerships and $817 million in testnet TVL, positions it to successfully bridge Ethereum’s DeFi ecosystem with Telegram’s vast audience. This initiative could redefine DeFi accessibility by embedding proven Ethereum applications within a familiar social platform, thereby accelerating mainstream adoption. As TAC moves toward its public mainnet launch, the project embodies a promising step toward integrating decentralized finance into everyday digital interactions.
