TON Network Rises to Prominence: How Telegram’s Ecosystem is Shaping the Future of Blockchain

King Newswire | July 20, 2024

TON or Toncoin is an ERC-20 Token used in the layer-1 blockchain called the Open Network initially created by the Telegram messaging app. Hence, majority of the functioning of the TON ecosystem is dictated by Telegrams 900 million active users.

Still, the newcomer is the TON Network that has jumped ahead of Optimism to become the tenth largest blockchain by TVL.

TON Network’s most active DApps past 7 days, USD. Source: DappRadar

Some of the proposed developments for the near future are Bitcoin bridge and EVM compatibility.

June 26, 2020, saw Bitget the crypto exchange, and Singapore-based Foresight Ventures invest $20 million in TON ecosystem fund that is for early stages’ projects and apps based on TON. Before that, the exchange had started an official Telegram signal trading recommendation bot, whereby the heads of groups could install this option for free.

TO READ FULL ARTICLE CHECK HERE

The post TON Network Rises to Prominence: How Telegram’s Ecosystem is Shaping the Future of Blockchain appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.

TON Network Rises to Prominence: How Telegram’s Ecosystem is Shaping the Future of Blockchain

Some of the proposed developments for the near future are Bitcoin bridge and EVM compatibility.

Search

Latest Post

Market Overview Widget