Ton Blockchain will partner with the Layerzero together with a working protocol, allowing users to transfer funds between different ecosystems. This cooperation was announced with the expectations of increasing the use of the two sides and increasing transaction fees.
Blockchain transaction ease
In the first application, ton’s Ethereum $2,705.7Integration with a total of 12 blockchain, such as Tron and Solana. Users will be able to transfer stablecoins through Stargate, the largest digital bridge. Last month, there are data that there are billions of dollars worth of transactions through Stargate.
Layerzero’s multiple chain liquidity contributes to the reduction of price shift and failure risk during the process by combining different blockchains together. The disintegration of liquidity in many blockchain and second layer network in total alleviates a little bit of concerns that there may be problems in larger operations.
Advantages offered to developers
In addition, Tether and Ethena crypto asset companies will benefit from integration. Ethena’s leading presence, USDE is planned to be active on tons, while Tether can be traded between ton, tron, ethereum, celo and arbitrum thanks to Tether’s new USDT0. These developments allow developers to distribute token from all layerzero networks through a single contract.
The origin of Ton was based on 2018 and initially developed the messaging application within Telegram. The project was supported by Telegram and started to be used as a special blockchain in the mini applications ecosystem of the application.
“Ton is one of the most exciting ecosystems of today. Thanks to a special partnership with Telegram, it provided access to almost billion users. ” – Bryan Pellegrino, Layerzero CEO
The partnership is evaluated between blockchains in line with the objectives of ease of processing and ease of liquidity problems. Intercreated integration can contribute to the technological infrastructure of the sector. Cooperation is expected to offer new opportunities for users and developers, and may be reflected in the competitive environment in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
