Bitget crypto exchange is launching a $20 million TON Ecosystem Fund in partnership with Singapore-based Foresight Ventures to support early-stage projects on the Telegram Open Network (TON). The fund aims to provide liquidity on the Bitget platform and foster development within the TON ecosystem. TON's growth is expected to surge in 2024, driven by Telegram's 900 million monthly users. The total value locked in the TON ecosystem has grown more than fivefold in the past two months, reaching $600 million, with more active addresses than Ethereum recorded nearly every day for almost a month.