LayerPixel: Creating an All-in-One DeFi Solution for the TON Ecosystem

IntermediateAug 07, 2024
LayerPixel has reached a significant milestone, announcing the completion of a $2 million seed round led by Kenetic Capital. They also launched the Game of Dawn event, aiming to seamlessly introduce Web2 users to the Web3 world. As an all-in-one DeFi solution, LayerPixel's unique layered architecture and integrated wallet and PixelSwap streamline the development of DeFi projects on TON, making the process much more enjoyable.
LayerPixel: Creating an All-in-One DeFi Solution for the TON Ecosystem

Forward the Original Title‘LayerPixel:一切爲了 TON,打造 TON 生态 All in One DeFi 解決方案’

After enduring several bull and bear cycles, the TON ecosystem is finally experiencing its own spring in the current bull market. In September 2023, Telegram officially announced its integration with the TON network, rekindling their partnership. With 900 million monthly active Telegram users now having access to Web3, TON has transformed from a “niche public chain” to a hot commodity.

The crypto market is clearly aware of the wave that the TON ecosystem is set to bring: TON’s ecosystem TVL has exceeded $740 million, increasing 32 times in just over five months, with various applications within the ecosystem thriving. Projects like TON Gamefi’s Notcoin ($NOT) and the viral Memecoin Black and White Dog ($Dogs) have also brought significant attention to the Telegram×TON ecosystem, focusing the entire market’s attention here.

How Close is Mass Adoption?

The Telegram×TON ecosystem seems to be approaching the vision of mass adoption, but the excitement from Memes alone isn’t enough to support TON’s long-term value; more diverse applications need to join this vibrant space. However, the unique technical architecture of TON makes its ecosystem development relatively complex, and the lack of infrastructure also leaves developers without essential tools, which dampens the enthusiasm of projects wanting to join the TON ecosystem.

To do a good job, one must first sharpen their tools. For the rapidly growing TON ecosystem, excellent infrastructure is an indispensable part of its development. The Layer 1.5 solution LayerPixel, built on TON for Telegram, addresses this gap, aiming to provide a one-stop DeFi service for Telegram Mini App developers, helping more outstanding applications overcome the technical barriers of the TON ecosystem.

Recently, LayerPixel reached a significant milestone, announcing the completion of a $2 million seed round led by Kenetic Capital, with participation from Waterdrip Capital, Foresight Venture, VentureSouq, Web3 Port, Microcosm Research, and TMM Club, along with dozens of well-known investors. This round of financing not only proves the market’s confidence in LayerPixel but also provides strong support for its ambitious plans.

LayerPixel’s recently launched Game of Dawn event is an attempt to seamlessly introduce Web2 users to the Web3 world, bringing new energy and possibilities to the TON ecosystem. It showcases the potential of the TON ecosystem to external users while providing new ideas for solving user acquisition and value creation problems.

What makes LayerPixel achieve such remarkable success in both financing and innovation? From technological innovation to user strategy to ecosystem construction, what unique features does LayerPixel have? Let’s delve into this project that is changing the landscape of the TON ecosystem.

From “Pioneer” to “Foundation Builder,” the Rebranding of LayerPixel

There are countless projects providing DeFi solutions; what makes LayerPixel special? Upon understanding the team’s exploration of the TON ecosystem, it becomes clear that the birth of LayerPixel stemmed from the team’s own challenges during development on the TON chain, prompting them to create a solution for others.

Facing Development Technical Challenges

During their exploration of the TON ecosystem, the team gradually discovered that relying solely on external financial support might not be the best solution for projects wanting to enter the TON ecosystem. The real test lies in the technical development of the TON ecosystem.

During early development, the team realized that developing on TON was quite challenging:

  • Heterogeneous Asynchronous Sharding Increases Development Difficulty

Unlike Ethereum’s synchronous transaction execution, TON’s heterogeneous asynchronous sharding means transactions on TON are not executed synchronously. In asynchronous transaction execution, a single transaction may independently succeed or fail. This uncertainty and the complex mechanism between shards significantly increase the difficulty and cost of constructing DeFi, which requires fast and certain transaction confirmations.

  • Lack of Token Approval Mechanism

Ethereum uses a centralized ledger similar to Alipay, allowing users to easily interact with funds through internal transfers. In contrast, TON uses a decentralized ledger, which cannot transfer assets on behalf of users. Developers need to design more complex contract logic to manage users’ token transfers and approvals, increasing the complexity and cost of smart contract development, as well as the risk of potential vulnerabilities and errors in the code.

Determined to Build Their Own DeFi Infrastructure

Facing the inherent development issues on the TON chain, the team realized that excellent and compatible infrastructure and development tools are crucial for the current TON ecosystem.

The team decided to transform their identity from “pioneers” to “foundation builders,” personally constructing a suitable DeFi infrastructure for the TON ecosystem. Thus, LayerPixel emerged, ready to tackle the development challenges of the TON ecosystem.

LayerPixel: The “Cheat Code” for Development on the TON Chain

As an all-in-one DeFi solution, LayerPixel’s unique layered architecture, integrated wallet, and PixelSwap make it easy for the development team to build DeFi projects based on TON. It’s like having a “cheat code” in a game, making the development process both easy and enjoyable.

Layered Architecture: LayerPixel’s Magical LEGO

LayerPixel features a unique layered architecture consisting of multiple levels, each with its own distinct functions and roles.

Funding Layer

A virtual asset storage layer implementing the token approval function. The Funding Layer supports both the built-in abstract wallet PixelWallet and the externally owned account wallet EOA Wallet, providing basic fund management while also supporting smart contracts and automation.

Settlement Layer

The Settlement Layer acts like a bank vault, storing all funds and relying on the LayerPixel Settlement Engine to handle transaction settlements, ensuring the accurate execution and recording of each transaction.

Execution Layer

The Execution Layer functions as a transaction matching engine, including the AMM Engine, Weighted Pool Engine, and LBP Engine. These three engines work together to provide high-quality liquidity solutions for DeFi.

Extension Layer

Built by third parties, the Extension Layer allows developers to add custom functions and modules, enhancing the system’s flexibility and scalability. For instance, developers can insert an anti-money laundering (AML) module to enable asset freezing functions.

With this multi-layered architecture, LayerPixel offers a flexible, efficient, and scalable DeFi solution to meet the diverse needs of users and developers.

PixelWallet: The Ultimate Tool for Asset Management

Designed for DeFi, LayerPixel’s abstract wallet PixelWallet offers comprehensive functional modules for developers and users. It allows users to manage virtual assets by authorizing LayerPixel’s internal smart contracts:

  • Supports gas-free transactions, with third-party protocols covering all transaction gas fees.
  • Supports atomic swaps, enabling multiple transactions to be completed in one operation, preventing partial transaction failures or data inconsistencies from asynchronous communication.
  • Plans to support various login methods, including passkey and Metamask.
  • Allows application developers to configure different types of user wallets, simplifying user access while supporting direct interaction with TON Wallet and other LayerPixel components, enhancing user experience and convenience.

PixelSwap: The TON Ecosystem’s Multi-Dimensional Trading Engine

As the core trading layer of LayerPixel, PixelSwap is crucial. PixelSwap is the first modular and upgradeable decentralized exchange on TON, bringing innovative trading mechanisms and new energy to the ecosystem.

Technically, PixelSwap’s unique weighted pool exchange protocol significantly improves liquidity efficiency and trading flexibility. By supporting TON/Jetton and Jetton/Jetton pools, it greatly expands the range of trading pairs, providing users with more options. PixelSwap uses a singleton contract similar to Uniswap V4 to manage all trading pairs, enhancing platform efficiency and gas optimization.

PixelSwap also features diversified trading algorithm support. Besides regular trading pools, the platform supports weighted pools and LBP (Liquidity Bootstrapping Pool) pools, providing users with more liquidity management choices, making capital use more flexible and efficient. Advanced order types and multi-hop/multi-path routing further optimize trading execution efficiency and accuracy.

In DeFi support, PixelSwap excels. The platform supports atomic swaps and flash loans, significantly enhancing its functionality and offering users more financial options. PixelSwap’s proprietary mathematical library and smart contracts enable unique weighted pool features, allowing users to contribute assets with different weights, improving trading depth and spread performance.

PixelSwap’s upgradeability and customizability are notable. The platform supports adjusting swap curves and gas fees, allowing continuous optimization to adapt to market changes and user needs. Configurable fee collector contracts increase operational flexibility, offering more possibilities for future development.

The modular design makes the system highly scalable and customizable. The asset authorization mechanism ensures transaction reliability. Gas-free transactions reduce user costs. The atomic swap feature ensures transaction integrity, avoiding default risks. Multiple login method support makes user access convenient and secure. LayerPixel, with its foundational LEGO-like components, has built a flexible and efficient TON DeFi solution for Telegram applications.

Join the Future of LayerPixel

Points to Tokens: Game of Dawn Helps You Strike Gold with LayerPixel

As the TON ecosystem rapidly evolves, many similar applications centered on TapTap mini-games are emerging. However, these projects often encounter two major issues: tokens lack practical use, and many users join only to exploit short-term benefits. LayerPixel’s new event, Game of Dawn, seeks to address these problems.

Game of Dawn aims to attract and reward genuine gamers through an innovative approach while establishing a solid value foundation for LayerPixel’s token, $PIX. This event cleverly brings quality Web2 users into the Web3 world, injecting fresh energy into the TON ecosystem.

With a paid participation model, Game of Dawn ensures the attraction of high-quality, genuine users with purchasing power. By participating in games on the Game of Dawn platform, users can earn event points, which will eventually be converted into shares of LayerPixel tokens, $PIX. Additionally, Game of Dawn features a tiered point allocation system, rewarding early participants with more points based on their participation time.

In the future, the platform will continue to expand its game offerings, providing users with more opportunities to participate and earn points.

Through Game of Dawn, LayerPixel not only showcases its innovation in user acquisition and community building but also sets a new standard for the TON ecosystem. It cleverly balances user engagement, token value, and ecosystem development, laying a solid foundation for LayerPixel’s long-term success.

For more details about Game of Dawn, visit the official article: @LayerPixel_io/introducing-the-game-of-dawn-the-gaming-ecosystem-built-for-the-next-billions-d0185a5160ec">Introduction to Game of Dawn

Looking ahead, LayerPixel will gradually unlock more features and interfaces for deeper integration with Telegram and introduce cross-chain bridges to enhance user liquidity. Additionally, PixelWallet will be enhanced with key login support and social recovery features.

By 2026, LayerPixel plans to open all functionalities to third parties, further expanding its ecosystem. Developers will be able to use LayerPixel’s technology to build various decentralized applications, enriching the TON ecosystem’s application scenarios.

LayerPixel will also deploy and support multiple blockchains, making it a multi-chain platform. This will further enhance LayerPixel’s flexibility and compatibility, allowing it to meet the needs of different blockchains.

Conclusion

From exploration to laying a solid foundation, LayerPixel has made significant contributions to the TON ecosystem.

As the market increasingly recognizes its value and the ecosystem continues to improve, the demand for infrastructure in the TON ecosystem will inevitably grow. LayerPixel’s timely emergence provides robust support for the developing Telegram×TON ecosystem.

From the all-in-one DeFi foundational LayerPixel to the TonUP Launchpad for asset issuance, and PixelSwap for liquidity solutions, the team offers a comprehensive infrastructure for TON ecosystem applications, exploring more possibilities for the TON ecosystem.

Perhaps true mass adoption is now closer than ever.

Disclaimer:

  1. This article is reprinted from [TechFlow]. Forward the Original Title‘LayerPixel:一切爲了 TON,打造 TON 生态 All in One DeFi 解決方案’. All copyrights belong to the original author [TechFlow]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.

LayerPixel: Creating an All-in-One DeFi Solution for the TON Ecosystem

IntermediateAug 07, 2024
LayerPixel has reached a significant milestone, announcing the completion of a $2 million seed round led by Kenetic Capital. They also launched the Game of Dawn event, aiming to seamlessly introduce Web2 users to the Web3 world. As an all-in-one DeFi solution, LayerPixel's unique layered architecture and integrated wallet and PixelSwap streamline the development of DeFi projects on TON, making the process much more enjoyable.
LayerPixel: Creating an All-in-One DeFi Solution for the TON Ecosystem

Forward the Original Title‘LayerPixel:一切爲了 TON,打造 TON 生态 All in One DeFi 解決方案’

After enduring several bull and bear cycles, the TON ecosystem is finally experiencing its own spring in the current bull market. In September 2023, Telegram officially announced its integration with the TON network, rekindling their partnership. With 900 million monthly active Telegram users now having access to Web3, TON has transformed from a “niche public chain” to a hot commodity.

The crypto market is clearly aware of the wave that the TON ecosystem is set to bring: TON’s ecosystem TVL has exceeded $740 million, increasing 32 times in just over five months, with various applications within the ecosystem thriving. Projects like TON Gamefi’s Notcoin ($NOT) and the viral Memecoin Black and White Dog ($Dogs) have also brought significant attention to the Telegram×TON ecosystem, focusing the entire market’s attention here.

How Close is Mass Adoption?

The Telegram×TON ecosystem seems to be approaching the vision of mass adoption, but the excitement from Memes alone isn’t enough to support TON’s long-term value; more diverse applications need to join this vibrant space. However, the unique technical architecture of TON makes its ecosystem development relatively complex, and the lack of infrastructure also leaves developers without essential tools, which dampens the enthusiasm of projects wanting to join the TON ecosystem.

To do a good job, one must first sharpen their tools. For the rapidly growing TON ecosystem, excellent infrastructure is an indispensable part of its development. The Layer 1.5 solution LayerPixel, built on TON for Telegram, addresses this gap, aiming to provide a one-stop DeFi service for Telegram Mini App developers, helping more outstanding applications overcome the technical barriers of the TON ecosystem.

Recently, LayerPixel reached a significant milestone, announcing the completion of a $2 million seed round led by Kenetic Capital, with participation from Waterdrip Capital, Foresight Venture, VentureSouq, Web3 Port, Microcosm Research, and TMM Club, along with dozens of well-known investors. This round of financing not only proves the market’s confidence in LayerPixel but also provides strong support for its ambitious plans.

LayerPixel’s recently launched Game of Dawn event is an attempt to seamlessly introduce Web2 users to the Web3 world, bringing new energy and possibilities to the TON ecosystem. It showcases the potential of the TON ecosystem to external users while providing new ideas for solving user acquisition and value creation problems.

What makes LayerPixel achieve such remarkable success in both financing and innovation? From technological innovation to user strategy to ecosystem construction, what unique features does LayerPixel have? Let’s delve into this project that is changing the landscape of the TON ecosystem.

From “Pioneer” to “Foundation Builder,” the Rebranding of LayerPixel

There are countless projects providing DeFi solutions; what makes LayerPixel special? Upon understanding the team’s exploration of the TON ecosystem, it becomes clear that the birth of LayerPixel stemmed from the team’s own challenges during development on the TON chain, prompting them to create a solution for others.

Facing Development Technical Challenges

During their exploration of the TON ecosystem, the team gradually discovered that relying solely on external financial support might not be the best solution for projects wanting to enter the TON ecosystem. The real test lies in the technical development of the TON ecosystem.

During early development, the team realized that developing on TON was quite challenging:

  • Heterogeneous Asynchronous Sharding Increases Development Difficulty

Unlike Ethereum’s synchronous transaction execution, TON’s heterogeneous asynchronous sharding means transactions on TON are not executed synchronously. In asynchronous transaction execution, a single transaction may independently succeed or fail. This uncertainty and the complex mechanism between shards significantly increase the difficulty and cost of constructing DeFi, which requires fast and certain transaction confirmations.

  • Lack of Token Approval Mechanism

Ethereum uses a centralized ledger similar to Alipay, allowing users to easily interact with funds through internal transfers. In contrast, TON uses a decentralized ledger, which cannot transfer assets on behalf of users. Developers need to design more complex contract logic to manage users’ token transfers and approvals, increasing the complexity and cost of smart contract development, as well as the risk of potential vulnerabilities and errors in the code.

Determined to Build Their Own DeFi Infrastructure

Facing the inherent development issues on the TON chain, the team realized that excellent and compatible infrastructure and development tools are crucial for the current TON ecosystem.

The team decided to transform their identity from “pioneers” to “foundation builders,” personally constructing a suitable DeFi infrastructure for the TON ecosystem. Thus, LayerPixel emerged, ready to tackle the development challenges of the TON ecosystem.

LayerPixel: The “Cheat Code” for Development on the TON Chain

As an all-in-one DeFi solution, LayerPixel’s unique layered architecture, integrated wallet, and PixelSwap make it easy for the development team to build DeFi projects based on TON. It’s like having a “cheat code” in a game, making the development process both easy and enjoyable.

Layered Architecture: LayerPixel’s Magical LEGO

LayerPixel features a unique layered architecture consisting of multiple levels, each with its own distinct functions and roles.

Funding Layer

A virtual asset storage layer implementing the token approval function. The Funding Layer supports both the built-in abstract wallet PixelWallet and the externally owned account wallet EOA Wallet, providing basic fund management while also supporting smart contracts and automation.

Settlement Layer

The Settlement Layer acts like a bank vault, storing all funds and relying on the LayerPixel Settlement Engine to handle transaction settlements, ensuring the accurate execution and recording of each transaction.

Execution Layer

The Execution Layer functions as a transaction matching engine, including the AMM Engine, Weighted Pool Engine, and LBP Engine. These three engines work together to provide high-quality liquidity solutions for DeFi.

Extension Layer

Built by third parties, the Extension Layer allows developers to add custom functions and modules, enhancing the system’s flexibility and scalability. For instance, developers can insert an anti-money laundering (AML) module to enable asset freezing functions.

With this multi-layered architecture, LayerPixel offers a flexible, efficient, and scalable DeFi solution to meet the diverse needs of users and developers.

PixelWallet: The Ultimate Tool for Asset Management

Designed for DeFi, LayerPixel’s abstract wallet PixelWallet offers comprehensive functional modules for developers and users. It allows users to manage virtual assets by authorizing LayerPixel’s internal smart contracts:

  • Supports gas-free transactions, with third-party protocols covering all transaction gas fees.
  • Supports atomic swaps, enabling multiple transactions to be completed in one operation, preventing partial transaction failures or data inconsistencies from asynchronous communication.
  • Plans to support various login methods, including passkey and Metamask.
  • Allows application developers to configure different types of user wallets, simplifying user access while supporting direct interaction with TON Wallet and other LayerPixel components, enhancing user experience and convenience.

PixelSwap: The TON Ecosystem’s Multi-Dimensional Trading Engine

As the core trading layer of LayerPixel, PixelSwap is crucial. PixelSwap is the first modular and upgradeable decentralized exchange on TON, bringing innovative trading mechanisms and new energy to the ecosystem.

Technically, PixelSwap’s unique weighted pool exchange protocol significantly improves liquidity efficiency and trading flexibility. By supporting TON/Jetton and Jetton/Jetton pools, it greatly expands the range of trading pairs, providing users with more options. PixelSwap uses a singleton contract similar to Uniswap V4 to manage all trading pairs, enhancing platform efficiency and gas optimization.

PixelSwap also features diversified trading algorithm support. Besides regular trading pools, the platform supports weighted pools and LBP (Liquidity Bootstrapping Pool) pools, providing users with more liquidity management choices, making capital use more flexible and efficient. Advanced order types and multi-hop/multi-path routing further optimize trading execution efficiency and accuracy.

In DeFi support, PixelSwap excels. The platform supports atomic swaps and flash loans, significantly enhancing its functionality and offering users more financial options. PixelSwap’s proprietary mathematical library and smart contracts enable unique weighted pool features, allowing users to contribute assets with different weights, improving trading depth and spread performance.

PixelSwap’s upgradeability and customizability are notable. The platform supports adjusting swap curves and gas fees, allowing continuous optimization to adapt to market changes and user needs. Configurable fee collector contracts increase operational flexibility, offering more possibilities for future development.

The modular design makes the system highly scalable and customizable. The asset authorization mechanism ensures transaction reliability. Gas-free transactions reduce user costs. The atomic swap feature ensures transaction integrity, avoiding default risks. Multiple login method support makes user access convenient and secure. LayerPixel, with its foundational LEGO-like components, has built a flexible and efficient TON DeFi solution for Telegram applications.

Join the Future of LayerPixel

Points to Tokens: Game of Dawn Helps You Strike Gold with LayerPixel

As the TON ecosystem rapidly evolves, many similar applications centered on TapTap mini-games are emerging. However, these projects often encounter two major issues: tokens lack practical use, and many users join only to exploit short-term benefits. LayerPixel’s new event, Game of Dawn, seeks to address these problems.

Game of Dawn aims to attract and reward genuine gamers through an innovative approach while establishing a solid value foundation for LayerPixel’s token, $PIX. This event cleverly brings quality Web2 users into the Web3 world, injecting fresh energy into the TON ecosystem.

With a paid participation model, Game of Dawn ensures the attraction of high-quality, genuine users with purchasing power. By participating in games on the Game of Dawn platform, users can earn event points, which will eventually be converted into shares of LayerPixel tokens, $PIX. Additionally, Game of Dawn features a tiered point allocation system, rewarding early participants with more points based on their participation time.

In the future, the platform will continue to expand its game offerings, providing users with more opportunities to participate and earn points.

Through Game of Dawn, LayerPixel not only showcases its innovation in user acquisition and community building but also sets a new standard for the TON ecosystem. It cleverly balances user engagement, token value, and ecosystem development, laying a solid foundation for LayerPixel’s long-term success.

For more details about Game of Dawn, visit the official article: @LayerPixel_io/introducing-the-game-of-dawn-the-gaming-ecosystem-built-for-the-next-billions-d0185a5160ec">Introduction to Game of Dawn

Looking ahead, LayerPixel will gradually unlock more features and interfaces for deeper integration with Telegram and introduce cross-chain bridges to enhance user liquidity. Additionally, PixelWallet will be enhanced with key login support and social recovery features.

By 2026, LayerPixel plans to open all functionalities to third parties, further expanding its ecosystem. Developers will be able to use LayerPixel’s technology to build various decentralized applications, enriching the TON ecosystem’s application scenarios.

LayerPixel will also deploy and support multiple blockchains, making it a multi-chain platform. This will further enhance LayerPixel’s flexibility and compatibility, allowing it to meet the needs of different blockchains.

Conclusion

From exploration to laying a solid foundation, LayerPixel has made significant contributions to the TON ecosystem.

As the market increasingly recognizes its value and the ecosystem continues to improve, the demand for infrastructure in the TON ecosystem will inevitably grow. LayerPixel’s timely emergence provides robust support for the developing Telegram×TON ecosystem.

From the all-in-one DeFi foundational LayerPixel to the TonUP Launchpad for asset issuance, and PixelSwap for liquidity solutions, the team offers a comprehensive infrastructure for TON ecosystem applications, exploring more possibilities for the TON ecosystem.

Perhaps true mass adoption is now closer than ever.

Disclaimer:

  1. This article is reprinted from [TechFlow]. Forward the Original Title‘LayerPixel:一切爲了 TON,打造 TON 生态 All in One DeFi 解決方案’. All copyrights belong to the original author [TechFlow]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.
Start Now
Sign up and get a
$100
Voucher!