TON’s recent integration with Telegram has opened up new crypto and blockchain interaction possibilities. This integration enables features such as a fully functional Telegram wallet for storing TON-supported tokens and interacting with web3 applications directly from the Telegram app.

This integration has also led to a rise in various designated solutions, each designed to enhance TON’s interoperability with Telegram but all dedicated to making the transition into Web3 more seamless and user-friendly. One such project is LayerPixel, a versatile solution providing various services to cater to user needs and touchpoints.

What is LayerPixel?

Source: X

LayerPixel is a Layer 1.5 protocol that aims to improve the TON ecosystem’s scalability and performance by hosting various services like wallets, decentralized exchanges (DEXs), oracles, and more.

The project’s main products include PixelSwap, the first weighted-pool DEX platform on TON; PixelWallet, a smart contract wallet with account abstraction features; and Pixacle, a lightweight oracle. Later on, the project plans to include API access as well as SDKs into its products to encourage more developers to build on the TON ecosystem.

LayerPixel’s vision is to create a secure, scalable, and user-friendly platform for users and developers within the TON ecosystem, granting users more accessibility to DeFi products. Its mission is to simplify integrating DeFi capabilities into Telegram Mini Apps, allowing users and developers to enjoy the benefits of decentralized finance within their applications without losing access to essential DeFi tools and services.

History of LayerPixel

Source: medium

LayerPixel was founded in 2024 and is headquartered in Hong Kong, China. Since its launch, LayerPixel has received significant support from the crypto community, earning up to @LayerPixel_io/layerpixel-secures-2-million-in-seed-funding-to-drive-defi-innovation-on-the-ton-blockchain-1bcc250ee6ce">$2 million in its seed funding round led by Kenetic Capital, with other participants including Waterdrip Capital, Foresight Venture, VentureSouq, Web3 Port Foundation, TMM Club, among others.

How Does LayerPixel Work?

Source: docs.layerpixel.io

Like many other blockchains, TON uses an asynchronous system that processes transactions in batches. It also uses sharding, which divides the blockchain into even smaller systems for faster processing. LayerPixel aims to overcome the limitations of TON’s asynchronous technology (delays and latency issues) while benefitting from its sharding model. To do this, it uses a modular design, which consists of four layers serving specific functions: the settlement layer, funding layer, execution layer, and extension layer.

The settlement layer acts as the security layer, storing funds in high-security smart contracts to protect them from unauthorized access and hackers. This layer also executes atomic transactions to avoid losses and issues like partial completion.

The funding layer contains the PixelWallet and the EQA Wallet. Both wallets allow users store their virtual assets, and they also support token approval. They also have an abstraction function that separates asset storage from the direct user interface, making the accounts more flexible and secure.

The third layer, the execution layer, oversees trading and transactions. It features an Automated Market Maker (AMM), a Liquidity Bootstrapping Pool (LBP), and weighted pools. These engines support complex algorithms, allowing traders to customize their strategies better.

Finally, LayerPixel’s fourth extension layer allows other developers to add features like anti-money laundering (AML) modules. This ensures LayerPixel meets changing regulations and market demands, making it an ideal cross-chain solution for new Telegram Mini Apps.

Main Features of LayerPixel

PixelSwap

Source: pixelswap.io

PixelSwap is the first modular decentralized exchange (DEX) launched on the TON ecosystem. It comes with several advanced features designed to enhance the trading experience.

For example, PixelSwap enables users to swap between TON and Jetton tokens and between different Jetton tokens. The same smart contract for all trading pairs powers this functionality.

Additionally, PixelSwap established weighted pools, a special type of liquidity pool used in DEXs that attach varying weights to different token pairs. With weighted pools, users can contribute assets with varying weights to liquidity pools to increase their trading liquidity and spread. PixelSwap is also compatible with liquidity bootstrapping pools (LBPs), which adjust project token ratios to create a balanced distribution during Initial DEX Offerings (IDOs).

PixelWallet

PixelWallet is a decentralized digital wallet with account abstraction services designed to improve access to DeFi. It works as a virtual account abstraction platform storing real assets in LayerPixel’s settlement layer.

With PixelWallet, users can grant specific LayerPixel smart contracts access to their assets in the Settlement Layer, thus improving flexibility and security.

PixelWallet also executes gasless transactions through third-party agreements covering the gas fees. Users can also execute atomic swaps with PixelWallet, ensuring the highest transaction security. Later on, PixelWallet will support multiple login methods including passkeys and MetaMask.

Pixacle

Source: layerpixel.io

Pixacle is an oracle solution created for the TON blockchain. Oracles are bridges between blockchains and the real world, and they serve as a way for smart contracts to access data that isn’t readily available on the blockchain.

Pixacle’s primary function is to deliver accurate quotes by getting prices directly from PixelSwap, so that asset prices stay consistent. It also automatically updates prices after each transaction.

Additionally, Pixacle provides developers with the most recent asset prices by making direct calls to smart contracts, ensuring that DeFi applications have access to important financial data.

What makes Layer Pixel Unique?

TonUP

Source: tonup.io

TonUP is a new platform aiming to transform project launch and support within the cryptocurrency industry. It was created to develop high-potential cryptocurrencies and support their growth.

As a security-oriented product, TonUP is not afraid to take strong protective measures. It uses secure transaction environments and risk reduction strategies to keep its community members safe and secure. It also monitors all projects so it can swiftly detect and eliminate any malicious activity. What’s more, TonUp set up a refund policy to offer refunds in cases of significant price drops, further guaranteeing the security and satisfaction of its users.

Game of Dawn

Source: layerpixel.io

Game of Dawn is a web3 play2earn ecosystem operating on LayerPixel. Its goal is to recruit a billion users into web3 by partnering with popular Telegram games. One of these games is Fight Brawl, where players team up with each other to conquer dungeons and defeat bosses.

Another example is Isekai Adventure, a combination of role-playing and item-collection gaming. In this game, players take on the role of explorers, and they can boost their skills by collecting and organizing various in-game items. These items help them conquer different levels and enemies.

More games include Nail, a mini-game that simulates the process of tightening and loosening screws, and SpiritMaster, an online multiplayer game coming soon to GameofDawn. SpiritMaster provides different storyline quests and social activities, such as getting married in-game to unlock two-player gameplay.

Game of Dawn’s partnership with these games enables players to earn rewards in its native PIX points. Users receive PIX points as rewards for every dollar spent on in-game purchases. However, the reward rate will decrease until the Game of Dawn campaign ends, and users can no longer earn PIX. These points can also be exchanged for the upcoming LayerPixel (LPX) token.

LayerPixel Bot

Source: telegram

The LayerPixel bot was specifically designed for the Telegram Mini App to help the project unlock the full potential of the TON blockchain and the LayerPixel ecosystem. Users can use the bot to discover and play games on Game of Dawn and keep track of their $PIX points. It also provides updates on upcoming LayerPixel events and campaigns.

News on LayerPixel

On August 24, LayerPixel announced the launch of its new community-driven project, PixelDAO. PixelDAO is a TON community initiative that allows contributors to deepen their understanding of the ecosystem while playing an active role in shaping the project’s future.

PixelDAO enables contributors to collaborate on content and activities and earn incentives while doing so. Using the power of collective intelligence, PixelDAO will continuously explore innovative ideas that empower people to participate easily in the world of DeFi.

LayerPixel Roadmap

In the third quarter of 2024, LayerPixel has lined up a variety of events for the project’s development. These include the integration of a comprehensive SDK and API for PixelSwap that will facilitate easier onboarding for developers and enhance PixelSwap’s overall functionality.

LayerPixel will also complete the development and integration of its Liquidity Bootstrapping Pool (LBP) engine with TonUP, improving token launch and distribution functionalities. The project will also officially launch the $PIX token, which will serve as the native utility token for the LayerPixel ecosystem.

Is LayerPixel a Good Investment?

LayerPixel offers a different services with the same end goal: integrating the next billion users into Web3. Its user-friendly interfaces, rewards, and products help the project stand out as a pacesetter in Web3 interaction. However, it is important to note that the crypto market is volatile, and as such, everyone must conduct extensive research or consult a qualified financial professional before investing in any crypto project.