TAC, a ton of blockchain-oriented protocol, has attracted nearly $ 208 million in total value (TVL) in just one month after the launch of the Mavet. After the launch on July 15, the EVM-compatible layer now has 35% more value on-chain than Ton’s Defi TVL, which from today is $ 153.6 million at $ 153.6 million per Defillama data.
TVL on Tac and Ton. Source: Defillama
The network connects Ethereum-based applications with Ton’s Telegram-integrated ecosystem without bridges or packed assets. Since the launch, Ethereum-based Defi protocols, including Curve, Morpho and Euler-Oil with more than $ 1 billion in TVL-Integet on TAC. Months before the launch of the Mancinnet, TAC insured TAC $ 150 million to the Liquidity -based liquidity in a campaign at Defi Liquuidity Protocol Turtle Club.
Lending Protocol Euler currently represents the largest share of TAC’s TVL, with $ 131.3 million in TVL, or 63% of the value locked on TAC. Users seem to keep assets to earn yield instead of actively relocating them, because two of the top three protocols through TVL focus on loans. The decentralized exchange curve financing is in fifth place of the protocols on TAC, with $ 17.14 million in TVL, by Defillama.
Michael Bentley, CEO and co-founder of Euler, told The Defiant that integration with TAC allows the credit protocol to reach telegram users without having to use individual portfolios or cross-chain bridges.
“Telegram is already part of the daily routine of most crypto users. By integrating directly via TAC, we can meet users where they are and achieving the highest TVL on TAC shows how fast adoption can grow,” Bentley said.
TAC’s growth has lifted Ton’s share in EVM-based Defi by offering a direct path for Ethereum developers to reach Ton users without rewriting their applications in FunC, Ton’s native language.
With the Layer from TAC, Ethereum -developers Telegram -users can reach, even after the platform, limited his mini apps to Ton as an exclusive blockchain partner of the messages -app in January.
The Native Token of TAC has currently risen more than 7% in the past month and acts almost $ 0.013. In the meantime, Toncoin is at $ 3.28 just in the month, despite the news about the launch of the first Ton Corporate Treasury earlier this month.
