Toncoin has surged 12% over the last 24 hours, sustaining its spot as the ninth-largest capped crypto.
Crypto VC firm Pantera Capital has announced its investment in the TON Network, with figures undisclosed.
TON (The Open Network), the Telegram-linked L1 ecosystem, registers an impressive growth of 1182% in TVL (total value locked) over Q1 2024 — from $13.79 million in January to $176.87 million till date. The ecosystem also recorded remarkable spikes in various metrics in recent months.
The initiation of The Open League, integration of stablecoin Tether (USDT), and other rewarding airdrops in April line up as factors that catalyzed the ecosystem’s traction and growth. As per Santiment, the wallets across the network surged 110% in the past 6 months to 16.8K wallets.
April saw a 90% increase in the count of smart contract deployments on TON, highlighting the increased developers’ activity. TON has seen the deployment of over 300 projects to date, with a significant
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