Techguy Posted June 27 Share Posted June 27 The recent announcement of Bitget's $20 million fund dedicated to the TON ecosystem is a significant move in the crypto space. This fund aims to support innovative projects and startups within the TON network, which has been experiencing impressive growth. Toncoin, the native cryptocurrency, peaked at $8.17 on June 14 and has seen a 400% increase since the start of 2024, driven by Telegram’s vast user base of 900 million. The TON blockchain has recorded more active addresses than Ethereum nearly every day for a month by mid-June, highlighting its rising popularity. Additionally, the total value locked (TVL) in the ecosystem surged to $600 million due to new projects and assets like TON-based Tether (USDT), DeDust.io, and STON.fi. Bitget's substantial investment is likely to accelerate this growth, enhancing the mass adoption of crypto by providing necessary support for promising projects. As someone invested in the future of crypto, I find Bitget’s initiative a positive step towards broader acceptance and integration of digital currencies. The potential impact on the TON ecosystem and the overall crypto landscape is substantial, making it a development worth following. For more detailed insights, check out the full article [here](https://cointelegraph.com/news/telegram-ton-bitget-20-million-fund). Remember, always do your own research (DYOR) before making investment decisions. Link to comment Share on other sites More sharing options...
cards.team Posted July 5 Share Posted July 5 most likely this is the case, but do not forget about the risks, sometimes a deposit in a bank is safer Link to comment Share on other sites More sharing options...
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