TON price has gradually been shrinking in the past two weeks after reaching its all-time high of around $7.63 earlier this month.
The notable rise of the Toncoin (TON) is heavily bolstered by the Telegram social network and the dozen web3 partnerships including recently with Tether USDT.
Toncoin (TON), a fast-growing layer-one blockchain backed by the Telegram social platform, has been making headlines in the recent past amid the anticipated parabolic crypto bull run. The large-cap altcoin, with a fully diluted valuation of about $26.6 billion and a daily average traded volume of around $249 million, has grown to a vibrant web3 ecosystem backed by reputable investors including DWF Labs.
For instance, the Fragment platform on the Toncoin network enables Telegram users to seamlessly auction their usernames via TON. Additionally, Fragment platform users can purchase anonymous numbers to use on Telegram, purchase premium subscriptions, and manage ad services with ads.
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