The post Axelar and TON Partner for Interoperability and Enhanced Liquidity appeared on BitcoinEthereumNews.com.

In a recent breakthrough for the Web3 space, the Open Network (TON) has joined forces with Axelar and integrated with its Mobius Development Stack (MDS) for connectivity.  One of the goals of this affiliation is to enhance the usability of numerous blockchains and provide developers and users with a universal cross-chain interface. With this partnership, TON’s infrastructure and Axelar’s Interchain Amplifier technology will be positioned to unlock a new generation of decentralized applications, liquidity, and inter-chain activity. Announcing TON x Axelar. Experience Web3 amplified like never before 🔊@ton_blockchain will integrate Axelar’s Mobius Development Stack (MDS) as an interoperability layer, connecting the TON Ecosystem with new builders, users + liquidity 🧵👇 pic.twitter.com/FNKySsCyxx — Axelar Network (@axelar) October 17, 2024 A Powerful Collaboration TON Blockchain, which has already integrated 950M Telegram users and has many application builders ecosystem, remains the industry leader in the Web3 market. Through Axelar, the blockchain will gain a programable, permissionless interoperability layer.  This integration will create safe entry points for users and developers and link assets and applications together across multiple blockchain protocols, like Cosmos, EVM, and Polkadot, in the future, as well as others, including Solana, Sui, etc. Axelar MDS: The Key to Seamless UX and Scalability At the centre of such integration is Axelar’s MDS, through which multiple-chain UX can be achieved seamlessly.  The MDS will act as the base layer for TON’s interoperability as a framework for adding and connecting dApps without compromising speed or security. MDS enables optimizations, combats liquidity fragmentation, and allows users to engage with the Web3 world. Anthony Tsivarev, who is Director of Ecosystem Development at TON Foundation, said, “MDS is an ideal choice for the interoperability layer. It’s open, developer-friendly, and aligned with TON’s focus on fast, decentralized networks.” Interchain Amplifier: A Key Enabler Axelar is integrated with its…

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Filed under: News - @ October 18, 2024 8:27 am