Demex Daily #263: TON Integrates Axelar for Connectivity Across 68 Blockchains

What’s Interesting Today:

The TON Foundation has partnered with Axelar to connect its ecosystem with 68 blockchain networks using Axelar’s Mobius Development Stack (MDS) and Interchain Amplifier technology. This integration will enhance scalability, simplify cross-chain interactions, and eliminate the need for bridges, offering TON users smoother Web3 experiences. The move reflects a broader trend toward cross-chain interoperability in the Web3 space, as seen with Ronin Network's recent integration with Chainlink’s CCIP.

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Neon EVM has embraced the Solana Network Extension category, enhancing Solana's functionalities by allowing projects to expand its capabilities without the issues associated with traditional Layer 1 or Layer 2 solutions. Operating directly on Solana’s blockchain, Neon EVM facilitates seamless Ethereum compatibility for decentralized applications (dApps). This move has sparked debate, as Solana co-founder Anatoly Yakovenko criticized Ethereum's L2 solutions for fragmenting liquidity, while supporters argue that Network Extensions enhance Solana without draining resources. By enabling easy deployment of Ethereum dApps on Solana, Neon EVM ensures a unified user experience and prevents liquidity fragmentation, positioning itself to drive innovation within the Solana ecosystem.

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