Telegram’s Leap into Decentralized Finance
Telegram is making a significant leap into the decentralized finance realm by introducing Tac, a third-party solution that integrates Ethereum-based applications into its ecosystem. The Tac mainnet officially launched, allowing Ethereum Virtual Machine (EVM) decentralized applications (DApps) to interact seamlessly with The Open Network (TON). This initiative aims to widen the accessibility of DeFi services for the vast user base of Telegram, which boasts over a billion users.
Insights from Tac Co-Founders
Pavel Altukhov, co-founder of Tac, shared insights with Cointelegraph on this exciting development, noting that users will now be able to engage with a variety of DeFi platforms like Curve, Morpho, and Euler directly through Telegram’s messaging interface. For developers, the Tac platform offers a simplified deployment process for EVM applications, eliminating the need to completely rewrite their code to ensure compatibility with Telegram’s architecture.
About Tac
Tac, which was first revealed in July 2024, serves as an EVM-qualified layer-1 blockchain, effectively linking Ethereum DApps to the TON and Telegram networks. According to Marco Monaco, another co-founder, Tac operates not only on the reliability of its own jetton TON token but also collaborates with various projects within the TON framework to enhance its overall value.
Funding and Future Prospects
Having secured $11.5 million through funding from seed and strategic rounds, including a recent $5 million investment spearheaded by Hack VC, Tac is gearing up to provide a unique platform that fosters innovation in the DeFi sector. Just earlier this year, the Tac team emphasized the difficulties developers faced in adapting EVM apps to work with the TON Virtual Machine (TVM). Now, with Tac’s rollout, these challenges can be circumvented, allowing for smoother integration.
This story is still unfolding, and updates will be provided as new information emerges.
