The world’s leading cryptocurrency exchange and Web3 company Bitget has announced the launch of a $20 million TON ecological fund in collaboration with the Singapore investment Foresight Ventures, aimed at supporting early projects built on The Open Network (TON), highlighting their commitment to promoting TON ecological and development.
The Open Network (TON) has been receiving a lot of attention, the recent price reaching an all-time high. According to Delphi Digital’s report, due to Telegram’s massive user base of 900 million, the daily active count of TON has surpassed Ethereum, contributing to the growth of the TON ecosystem.
The total value lockedTVL) in the TON ecosystem has increased by more than five times in the past two months reaching $600 million, due to influxes of new projects and assets such as STON.fi, DeDust.io, and TON-USDT. According to Tether official transparency page, the authorized USDT issuance on the TON blockchain has grown to about580 million USD, making it the sixth largest USDT issuance blockchain after TRON,,Solana,Avalanche,and Omni.
This $20 million TON ecological fund is designed to fully support projects within the TON ecosystem. By leveraging Telegram massive user base,Bitget remains consistent with its vision for widespread adoption of cryptocurrencies and creating a fairer future through cryptographic evolution. The fund will actively seek out support promising projects by providing necessary liquidity for their thriving development on Bitget platform.
Gracy Chen CEO expressed her excitement stating,”We are pleased to see that the growth in users,TVL,and token prices have entered into a virtuous cycle withinTTON ecosystem.AtBitgetwe are committed topromoting innovationintheTONecosystem.Our$20millionfund isatestimonytoourcommitmenttosupportprojectsdrivingwidespreadadoptioncryptocurrencies.Webelievethattonhaspotentialandabilitytocreateafairerfuture.OurTelegramtradingsignal robotisjustoneexampleofhow weempowerthecommunityandimprovetheuserexperience.”Followingthela
oftheTelegramtrading signal robotinMay,Bit
