<\/p>\n
Just a month after going live, TAC\u2019s TON-focused EVM network has locked in 35% more value than TON\u2019s DeFi TVL.<\/p>\n
TAC, a TON blockchain-focused protocol, has attracted nearly $208 million in total value locked (TVL) in just a month after its mainnet launch. After launching<\/a> on July 15, the EVM-compatible layer now holds 35% more value on-chain than TON\u2019s DeFi TVL, which stands at $153.6 million as of today, Aug. 20, per data<\/a> from DefiLlama.<\/p>\n The network connects Ethereum-based applications to TON\u2019s Telegram-integrated ecosystem without bridges or wrapped assets. Since launch, Ethereum-based DeFi protocols including Curve, Morpho, and Euler \u2014 each with over $1 billion in TVL \u2014 have deployed on TAC. Months before its mainnet launch, TAC secured $150 million<\/a> in Ethereum-based liquidity in a campaign with DeFi liquidity protocol Turtle Club. <\/p>\n Lending protocol Euler currently represents the largest share of TAC\u2019s TVL<\/a>, with $131.3 million in TVL, or 63% of value locked on TAC. Users appear to be holding assets to earn yield rather than actively moving them, as two of the top three protocols by TVL focus on lending. The decentralized exchange Curve Finance<\/a> ranks fifth among protocols on TAC, with $17.14 million in TVL, per DefiLlama.<\/p>\n Michael Bentley, CEO and co-founder of Euler, told The Defiant that integrating with TAC lets the lending protocol reach Telegram users without requiring them to use separate wallets or cross-chain bridges.<\/p>\n \u201cTelegram is already part of most crypto users\u2019 daily routine. Integrating directly through TAC allows us to meet users where they are, and reaching the highest TVL on TAC shows how quickly adoption can grow,\u201d Bentley said.<\/p>\n TAC\u2019s growth has lifted TON\u2019s share of EVM-based DeFi by providing a direct path for Ethereum developers<\/a> to reach TON users without rewriting their applications in FunC, TON\u2019s native language.<\/p>\n TAC\u2019s layer lets Ethereum developers reach Telegram users, even after the platform limited<\/a> its Mini Apps to TON as the messaging app\u2019s exclusive blockchain partner in January.<\/p>\n TAC\u2019s native token<\/a> is currently up over 7% in the past month, trading near $0.013. Meanwhile, Toncoin<\/a> is flat on the month at $3.28, despite news of the launch of the first TON corporate treasury<\/a> earlier this month. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Just a month after going live, TAC\u2019s TON-focused EVM network has locked in 35% more value than TON\u2019s DeFi TVL. TAC, a TON blockchain-focused protocol, has attracted nearly $208 million in total value locked (TVL) in just a month after its mainnet launch. After launching on July 15, the EVM-compatible layer now holds 35% more […]<\/p>\n","protected":false},"author":2,"featured_media":402523,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-402522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=402522"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402522\/revisions"}],"predecessor-version":[{"id":402524,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/402522\/revisions\/402524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/402523"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=402522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=402522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=402522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}