Telegram-Based Crypto Projects Surge: TON Network Shines

IconCryptoNewsTerminal Staff05 Jul, 2024

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Telegram-Based Crypto Projects Surge: TON Network Shines

Telegram's ecosystem has fostered thriving crypto projects this year, as reported by Bloomberg. With nearly 900 million monthly active users, Telegram has provided a fertile ground for projects like The Open Network (TON). TON's TVL has skyrocketed by an impressive 1400%, driving its price up three-fold. This surge has propelled TON into the top ten cryptocurrencies by market capitalization. The success of Telegram-based projects highlights the platform's role in fostering innovation and adoption in the crypto space.