The Open Network (TON Blockchain) secured $30 million from crypto exchange Bitget and Web3 investment firm Foresight Ventures, through TON token acquisition, to accelerate Tap-to-Earn adoption and GameFi development.

TON’s Rapid Growth

TON, integrated within Telegram’s ecosystem, has quickly become one of the fastest-growing blockchains. In 2024, it saw an 18x surge in total value locked (TVL) to $350 million, with over 1,000 decentralized apps (dApps) attracting millions of users. Bitget's involvement further boosts TON’s momentum, with the exchange doubling its global user base to 45 million by Q3 2024.

TON’s Milestones

TON has surpassed 1 billion total transactions, driven by memecoin airdrops and the W5 smart wallet standard, which enables gasless transactions. These advancements solidify its position in the blockchain world.

My Take:

TON’s rapid rise within Telegram’s ecosystem shows the power of combining blockchain with a massive user base. Could its success signal the future of mainstream blockchain adoption?

Source: https://cryptonews.com/news/ton-raises-30m-from-bitget-and-foresight-ventures-to-boost-tap-to-earn-adoption/ Show Less