TAC's TVL Surges above $200M One Month after Mainnet Launch

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 value on-chain than TON’s DeFi TVL, which stands at $153.6 million as of today, Aug. 20, per data from DefiLlama.

The network connects Ethereum-based applications to TON’s Telegram-integrated ecosystem without bridges or wrapped assets. Since launch, Ethereum-based DeFi protocols including Curve, Morpho, and Euler — each with over $1 billion in TVL — have deployed on TAC. Months before its mainnet launch, TAC secured $150 million in Ethereum-based liquidity in a campaign with DeFi liquidity protocol Turtle Club.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

3.57K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.