Toncoin has experienced remarkable growth of over 200% this year, positioning itself as the fifth-largest Layer 1 network with a valuation of $17.5 billion, according to CMC. Initially created by the Telegram team and launched in 2019, it was handed over to independent developers in 2020 after Telegram exited due to SEC constraints.
The TON Chain represents a major leap forward in making decentralized networks more usable and accessible. Once closely tied to Telegram, TON has transformed into a diverse ecosystem that spans a wide array of applications and technologies, ushering in a new phase of online freedom and utility.
Recent collaborations, such as with the prominent DEX Curve Finance to launch a TON-based stable swap project, highlight its continued expansion and progress. The ecosystem has seen a 12x boost in daily transaction activity over the past year, with TVL climbing to $410.32 million, fueled by a rise in DEX trade volumes.
Amid these developments, the Bitget Carnival initiative presents a unique opportunity, offering 30,000 TON in rewards for completing simple tasks, further driving Toncoin's adoption and usage. Additionally, Binance’s partnership with the ecosystem further strengthens its trajectory.
