TON Blockchain has teamed up with LayerZero, a cross-chain messaging protocol, to gain access to over 100 blockchains, including Ethereum, Solana, and Tron.
TON Integration with LayerZero Unlocks Cross-Chain Liquidity, DeFi Opportunities
Open blockchain platform TON has announced a partnership with LayerZero, a cross-chain messaging protocol, to connect the TON ecosystem to over 100 blockchains. This integration aims to address a previous limitation of the platform, which lacked direct access to multi-chain liquidity.
According to a post on the TON Community Medium page, the partnership will enable asset transfers, broader liquidity, and new DeFi opportunities for the TON ecosystem. LayerZero is known for facilitating secure communication between blockchains, powering projects like Ethena, PayPal, and Pudgy Penguins.
With this integration, users will be able to send and receive assets like USDT and USDe across chains, access cross-chain DeFi with lower fees, and move assets freely. Developers will also gain full cross-chain capabilities, enabling them to deploy tokens to TON from any LayerZero-supported chain, facilitating smart contract communication, and tapping into new liquidity.
notable partnerships with USDT0, Stargate, and Ethena could further enhance TON’s capabilities. While Stargate facilitates seamless USDT and USDt transfers and cross-chain swaps, Ethena Labs brings its USDe synthetic dollar to the ecosystem, expanding DeFi potential and offering users access to yield-bearing stable assets.
LayerZero also launched FunC++, a new framework for smart contracts, designed to enable faster, more efficient development, and easier cross-chain development. Together with Telegram integration and growing liquidity, LayerZero is positioned to make TON a powerful Layer 1 blockchain, ready for DeFi expansion and multi-chain interaction.
Meanwhile, TON token holders face a critical juncture as the price continues to hover in the $3-4 range, despite earlier warnings from a self-proclaimed crypto enthusiast, who predicted a potential downturn if the token failed to breach the $6 mark. A sustained breakout is crucial to avoid further losses, with some analysts predicting a significant downturn if the token fails to rally.
