The TON Application Chain (TAC), commonly referred to as a purpose-built blockchain designed to integrate decentralized finance (DeFi) functionalities with Telegram's vast user base, successfully raised $11.5 million through its seed and strategic funding rounds. This initiative aims to bridge Ethereum-based decentralized applications (dApps) with the Telegram Open Network (TON) and Telegram's broader ecosystem.

Initially developed with the intention of launching novel blockchain and cryptocurrency-native applications within Telegram, TON's native smart contract environment faced limitations in hosting existing Ethereum dApps, which dominate the majority of DeFi activities. Consequently, widespread DeFi adoption on Telegram requires these established Ethereum protocols to be seamlessly integrated. With this challenge in mind, TAC embarked on a mission to address this gap, setting an ambitious goal to facilitate such integration.

To support its upcoming mainnet launch, anticipated in the near future, TAC recently secured an additional $5 million in strategic funding led by Hack VC. This brings the total funding raised by TAC to $11.5 million. Hack VC, known for its involvement in significant funding rounds, expressed confidence in TAC's vision, with Managing Partner Ed Roman stating that bringing Ethereum dApps to Telegram represents \"building the future of the internet.\"

However, achieving this vision is not solely TAC's responsibility. Collaborating with prominent DeFi platforms such as Curve, Morpho, and Euler, TAC is working on pre-building more than 20 applications aimed at immediate integration upon the mainnet launch. Collectively, these platforms hold a total value locked (TVL) exceeding $7 billion. Once operational, these apps will provide users with essential utilities, liquidity, and established DeFi primitives, ensuring a robust foundation for the ecosystem.

In preparation for the Telegram integration, TAC has initiated two testnet campaigns. The first, called \"The Summoning,\" served as a pre-mainnet liquidity bootstrapping campaign, raising over $700 million in TVL from leading funds, liquidity providers, and infrastructure participants. Alongside this, TAC's other campaigns have accumulated a combined TVL of $817 million, underscoring significant backing.

The initial $11.5 million in seed funding will primarily cover pre-launch development costs. Following the deployment of a DeFi stack on Telegram, the existing $817 million in TVL will help establish a strong momentum for the ecosystem. These investments reflect the collective trust placed in TAC by its supporters, signaling their belief in the potential of this project to deliver enduring value. If successful, TAC could significantly enhance Telegram's role in the DeFi landscape, providing users with seamless access to advanced financial tools.

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