- TON has partnered with LayerZero, tapping the protocol for interoperability
- The integration will boost TON’s cross-chain ecosystem
The Open Network (TON) has announced the integration with the interoperability protocol LayerZero aimed at enhancing its cross-chain asset transfers.
The TON network integration’s primary goal is to scale cross-chain transfer to at least 100 blockchains. Among the chains to be connected include Ethereum, Tron, Solana, and many more, according to a press release.
The partnership will make TON deal with liquidity limitations and limited access to other chain networks. Users can access some of the major crypto assets offered on a wide range of blockchains through the LayerZero protocol.
TON and LayerZero integration
According to a press release, the major partners behind the integration include USDT, stablecoin Ethena and the cross-chain bridge Stargate.
The integration will allow users to seamlessly transfer their USDT tokens from Ethereum blockchain, Tron, and the other connected chains to the TON blockchain. Stargate, a LayerZero-based cross-chain bridge, will provide an entry point for crypto traders to bridge their crypto assets.
Integration also opens more networks to TON, enhancing interoperability and connection to other networks.
According to a press release, “TON is now able to deliver sustainable liquidity and improve accessibility to its ecosystem, setting the stage for widespread adoption.”
The TON Foundation has made other major cross-chain integrations in the past to make its user access USDT on TON. This new development will accelerate its ecosystem and Toncoin on multiple blockchains, among them Bitcoin.
Among the foundation’s past cross-chain projects is the TON Application Chain, which is used to build applications within the Ethereum Virtual Machine (EVM) on TON.
“We believe this integration marks a significant step forward for TON when it comes to uniting ecosystems and bringing greater interoperability to the broader crypto ecosystem,” said Max Pertsovskiy, TON Foundation’s COO.