- TON Factory, launched by Broxus, combines TVM with a DAG-based mechanism that can handle up to 35,000 transactions per second.
- In March this year, the TON Foundation revealed that various venture capital companies invested over $400 million in the TON blockchain.
Broxus, TVM-powered blockchain solutions have launched TON Factory, a new platform made to boost the advancement and scalability of high-throughput applications such as decentralized exchanges (DEXs) and blockchain-based games.
On April 30, TON posted on Telegram, mentioning that TON Factory targets to aid developers swiftly build and scale projects having modular parts, amalgamation tools, and hands-on expert support.
The announcement further noted that for OGs so far creating on TON, TON Factory aids you in scaling further. This massive step is supported by a team of more than 150 engineers having experience delivering production-ready infrastructure in the TON ecosystem.
The fundamental architecture leverages the Tycho protocol of Broxus, which integrates the TVM with a Directed Acyclic Graph (DAG) consensus mechanism. The hybrid design is made to have near-instant finality and high throughput.
It can also handle around 35,000 transactions every second, a milestone that could place TON Factory as a tough competitor to other Layer-1 and Layer-2 scaling solutions. TON Factory also backs custom TVM chain deployments and provides customized scaling solutions, aiding ambitious teams to skyrocket the ecosystem.
A Dive in TON’s Price
As per the data from CoinMarketCap, at the press time, Toncoin (TON) is trading around $3.22, and it has decreased by 1.77% in the past 24 hours. The overall trading volume has also decreased by 14.42%, taking it to $106.92 million.
Talking about its market capitalization is also at $8.11 billion. The community is showing a bullish sentiment, however, it has also declined gradually from yesterday’s 83% to 79% on April 30.
In March this year, the TON Foundation revealed that various venture capital companies invested over $400 million in the TON blockchain, indicating increasing interest in the Telegram messaging ecosystem.
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