Global #TON Ecosystem

Blum, a decentralized exchange (DEX) and trading app operating on Telegram’s rapidly growing TON ecosystem, has secured an undisclosed new investment from The Open Platform (TOP).

The Gateway TON conference, held on November 1-2, 2024, in Dubai, brought together key stakeholders, developers, and enthusiasts from the TON (The Open Network) ecosystem.

In 2024, the TON ecosystem has emerged as a leading force in the crypto industry, witnessing unprecedented growth in trading volume, total value locked (TVL), and user engagement.

Global, 17th September 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released an extensive report outlining the current state and development traction of the TON ecosystem, while highlighting its existing shortcomings and potential future threats. The report by Bitget starts by mentioning TON’s 900 million active user base, mostly from the CIS countries, particularly Russia and Ukraine, trailed by India, Brazil and the US. The network is host to over 1,159 projects, including cross-chain bridges, DeFi, launchpads, and other types of services.

Ton Ventures, the newly established investment firm founded by Ian Wittkopp and Inal Kardan, has announced its launch with an impressive inaugural funding of $40 million.

Bitget, a leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Tomarket, the fastest-growing decentralized application (dApp) on the TON blockchain.

The Open Network (TON) ecosystem is experiencing a surge in phishing attacks targeting unsuspecting users, despite a staggering 4,500% increase in its total value locked (TVL) since the start of 2024.

Crypto exchange Bitget and Singaporean investment firm Foresight Ventures are joining forces to launch a $20 million fund dedicated to the Telegram Open Network (TON) ecosystem. This fund aims to fuel innovation within TON, a platform that bridges the gap between blockchain technology and the widely used Telegram messenger.