With the launch of the DuckChain mainnet, it is expected to accelerate the evolution of the Telegram ecosystem into a super application and open a portal linking the Web2 and Web3 worlds.

Author: Soda

Last year, Georgios Konstantopoulos, CTO of the well-known crypto investment firm Paradigm, complained on Twitter about the poor and fragmented experience of the existing Chain+Asset model, resonating with many crypto players.

In fact, the account model characterized by crypto-native features is becoming an obstacle to the large-scale adoption of Web3, leading to a series of cumbersome operations when we want to achieve a simple transaction intent. For example, when I want to make a transaction on a new Layer2 or Layer1, I not only need to create an account and save the corresponding private key or mnemonic phrase, but I also need to purchase some specific assets as Gas from a CEX or cross-chain from other chains to initiate investments or transactions in a new ecosystem.

It is evident that to realize the intent, a series of on-chain operations usually arise. For traditional investors accustomed to "foolproof" operations, this poses a significant challenge. We see that in the early development of the Web3 world, the design of the vast majority of products is primarily based on a "making users think" model, where users are not only the proposers of the intent but also have to act as the executors of that intent. The positive side is that builders in the Web3 world are continuously proposing a series of "thinking for users" solutions aimed at significantly lowering the threshold for users to access and use Web3 facilities.

DuckChain is one of them. As the first consumer Layer facility based on TON, it has innovatively proposed the concept of ISO (Initial Star Offering), allowing users to convert Telegram Stars into on-chain Stars assets and participate in various on-chain interactions to bridge the gap in user experience between Web2 and Web3 facilities.

At the same time, this solution brings a unique asset issuance model and user on-chain interaction model to the Telegram ecosystem, providing innovative solutions for mass adoption among Telegram users. Moreover, DuckChain is also capturing liquidity value for Telegram towards the EVM system and BTC ecosystem through its series of technological innovations, laying the foundation for a massive influx of Web2/Web3 developers into the TON ecosystem.

The market recognizes the narrative direction and development potential of DuckChain. During the DuckChain testnet period, its MiniApp had over 2 million daily active users, total transaction volume exceeded 29 million, Web2 user deposits surpassed 2 million USD, and paid users exceeded 1 million, receiving support from over 20 partners including Arbitrum and OKX.

With the launch of the DuckChain mainnet, it is expected to accelerate the evolution of the Telegram ecosystem into a super application and open a portal linking the Web2 and Web3 worlds.

ISO Solution: Bringing Telegram Stars On-Chain, Providing a Unified Gas Experience

DuckChain is the first Layer solution of The Open Network (TON) built on Arbitrum Orbit, defining itself as a consumer layer aimed at supporting the on-chainization of common scenarios and bringing nearly a billion Telegram users from off-chain to on-chain.

Currently, the vast majority of blockchain underlying systems choose their governance tokens as Gas assets, so when we want to explore different on-chain ecosystems, we need to prepare Gas tokens in advance. The non-standardized Gas mechanism is discouraging users from exploring different on-chain ecosystems.

To provide users with a good on-chain trading experience and reduce the complexity of on-chain transactions, DuckChain starts from the Gas mechanism, offering users a unified Gas experience.

DuckChain's ISO solution supports the seamless conversion of "Telegram Stars" in Telegram into on-chain Star assets, allowing the use of this asset as a unified Gas fee. On DuckChain's new mainnet, users can engage in on-chain activities using various assets, including TON, Jetton, BTC, ETH, USDT, and even Telegram Stars. DuckChain also plans to support account abstraction features soon, and even chain abstraction features, to further enhance user experience.

In fact, "Telegram Star" is a new built-in universal token launched by Telegram, aimed at simplifying payments for digital goods and services within the platform. It not only allows users to make payments in Telegram's mini-programs but also enables application developers to convert it into Toncoin (TON), allowing holders of "Telegram Stars" to explore the Telegram ecosystem widely.

For users, the "Telegram Star" asset supports convenient payment options such as Apple Pay and Google Pay for purchases, without relying on third-party payment platforms, aligning with the product usage habits of Web2 users and being widely accepted by hundreds of millions of Telegram users. Therefore, even for non-holders of "Telegram Star" assets, they can explore the DuckChain world with just two simple steps.

Thus, based on ISO, both Web2 and Web3 users will be able to seamlessly access the on-chain world, significantly enhancing user trading experience and efficiency, and providing a foundation for the vast Telegram user base to expand from off-chain to on-chain. Similarly, ISO also brings a unique asset issuance model to the Telegram ecosystem, laying an early foundation for the ecosystem's expansion into a wide range of DeFi scenarios and its prosperity.

DuckChain: Empowering Telegram to Become a Super Application

With the deep integration with the TON network and the launch of mini-program features last year, Telegram's ambition to build a Web3 super application is becoming increasingly evident.

In fact, for a mature Web3 ecosystem, user traffic, good liquidity, and a thriving ecosystem are all essential.

However, the current situation of the Telegram ecosystem is:

• The vast majority of nearly a billion users are still off-chain
• The 300 million USD TVL is mainly concentrated in TON and stablecoins, with a lack of liquidity
• The complex development framework is a barrier for developers to enter the TON ecosystem

Regarding the first issue, as mentioned above, DuckChain's ISO solution is providing a foundation for users to expand from off-chain to on-chain.

For the latter two points, DuckChain is also helping to solve problems for the Telegram ecosystem.

A Key Hub for Capturing Liquidity in the TON Ecosystem

Currently, the TVL of EVM-compatible chains is around 80 billion USD, and the total TVL of the DeFi market is 100 billion USD, so we can consider that EVM-compatible chains hold 80% of the liquidity in the on-chain world. Similarly, in this market cycle, the market capitalization of BTC assets has reached 1.8 trillion USD, with only about 240,000 BTC currently in circulation, accounting for approximately 1.2% of the total circulating supply of Bitcoin. With the expansion of a series of BTCFi applications, it will also unlock a much larger liquidity value for the crypto market. Therefore, for the liquidity-scarce TON ecosystem, establishing good interoperability with external markets to capture liquidity is particularly crucial.

In fact, DuckChain, as the first consumer Layer based on the Arbitrum Orbit stack, can maintain good interactivity with the TON ecosystem while also ensuring good interoperability with any EVM-compatible ecosystem. At the same time, DuckChain is actively integrating with the BTC mainnet, numerous BTC Layer 2 solutions, and the Babylon ecosystem. Thus, DuckChain is becoming an important hub for establishing value interaction and liquidity interaction between the TON ecosystem and the EVM and BTCFi systems.

Currently, in the newly launched DuckChain mainnet, through the introduction of series chains and liquidity abstraction solutions, DuckChain supports users to use TON as the native Gas fee while also allowing the use of various tokens for Gas fee payments.

Meanwhile, DuckChain is also becoming an important hub for TON users to capture yields. When users bridge TON to DuckChain or other EVM networks through DuckChain, the locked TON will be staked in the PoS protocol to earn yields.

This setup provides annual returns and significantly promotes the liquidity of TON, allowing large amounts of funds to flow freely between TON and DuckChain. During the TGE period of DuckChain's official token, users will be able to receive airdrop tokens equivalent to accumulated interest based on the amount and duration of their cross-chain TON, and the yields from these TON tokens will also be added to the liquidity pool, further enhancing the ecosystem.

Through this new expansion, not only has the cross-chain interoperability of the TON ecosystem been significantly enhanced, but it has also provided long-term support for liquidity capture in the TON ecosystem.

Providing a Series of Modular Tools, DuckChain Becomes a Catalyst for Early Prosperity in the TON Application Ecosystem

Mini-programs are Telegram's killer feature for expanding ecosystem scenarios and building a super application system. In the form of mini-programs, users can seamlessly experience various dApps, whether for payments or using other functions within dApps, without needing to switch to third-party applications. This approach lowers the entry barrier for Web3 applications, making them more lightweight and aligning with the usage habits of Web2 users.

However, the main factor for the prosperity of the Telegram Web3 mini-program ecosystem lies on the TON side. In fact, TON uses a virtual machine called TVM (TON Virtual Machine), and the smart contract programming languages it supports are primarily FunC and the TVM instruction set (which general developers are not familiar with). These languages and the virtual machine architecture differ significantly from Ethereum's EVM and the Solidity programming language. Meanwhile, TON's design includes a multi-threaded blockchain architecture that allows different shard chains to run in parallel. This architectural design can enhance network performance but also increases development complexity. Developers need to understand how to effectively coordinate data and logic across multiple shards, which is more challenging than traditional single-chain architectures. Therefore, both Web2 and Web3 developers face certain development thresholds when dealing with the TON underlying technology.

In response to this, DuckChain has already engaged in in-depth cooperation with Arbitrum, and the two are working together to provide developers with a familiar EVM-compatible development environment. By integrating the EVM development framework with TON, developers can more easily build, deploy, and even migrate applications within the TON ecosystem. This will not only provide a foundation for the prosperity of dApps in the TON ecosystem but also allow these applications to connect with the vast user base of Telegram through mini-programs.

At the same time, DuckChain will provide developers and ecosystem projects with modules such as staking, markets, joint curves, and DID, enabling developers to easily integrate more application modules on-chain and enhance on-chain activities by providing an open-source community, thus supporting better development of applications within the Telegram system. Currently, DuckChain has attracted nearly 50 ecosystem projects to connect with the TON ecosystem.

Overall, DuckChain not only supports hundreds of millions of Telegram ecosystem users in transitioning from off-chain to on-chain but also lowers the development market threshold by importing external market liquidity into the TON ecosystem and launching a new development framework. This will provide strong support for Telegram's evolution into a Web3 super application ecosystem.

From the perspective of the Web2 world, mini-programs have already been widely validated as an application form, while for the Web3 world, mini-programs still have the potential to become a gateway for large-scale influx from Web2 to Web3. With the launch of the DuckChain mainnet, the portal linking the Web2 and Web3 worlds is also being opened.

After the mainnet launch, the DuckChain ecosystem will serve as an important booster and value hub for the development of the Telegram ecosystem. As the Telegram ecosystem continues to prosper, DuckChain will become a new intersection of attention value, liquidity, and user traffic in the Web3 market, and it aims to be the first consumer-grade Layer unicorn.

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