IntoTheBlock and The Open Network (TON) joined forces to offer advanced analytics free of cost.
The integration will enable TON users to gain “actionable data and insights into the TON blockchain,” said Vincent Maliepaard.
The partnership of Ripple blockchain and DIFC Innovations was followed by a rise in the number of XRP users.
The constant innovation in blockchain technology, driven by the joint efforts of leading giants in both decentralized and centralized sectors, has led to a substantial increase in global cryptocurrency users over the past few quarters.
As per the information, IntoTheBlock and The Open Network (TON) joined forces to offer advanced analytics free of cost.
Exciting news! @ton_blockchain analytics are now live on IntoTheBlock!We're thrilled to support one of the fastest-growing blockchain networks, providing you with in-depth insights and analytics.https://t.co/JbrMuGYu8u"
— IntoTheBlock (@intotheblock) August 9, 2024
IntoTheBlock is a leading on-chain analytics firm that helps Blockchain explore new potential. The partnership aims to boost user engagement, retention rate, and network transparency with a detailed analysis of the TON network.
While talking to a crypto media outlet, the marketing director of IntoTheBlock, Vincent Maliepaard, notes that this integration will enable TON users to gain “actionable data and insights into the TON blockchain.”
“This level of visibility allows users to monitor transactions, assess network health, and identify any potential anomalies or risk early on,” Vincent added.
Following the collaboration, the TON users will be able to leverage 60 indicators, providing in-depth analysis and helping to improve trading.
IntoTheBlock leverages several in-house and other data metrics to gather the analytics and help users make their strategy based on on-chain information.
ITB’s global business lead development, Omur Cataltepe, states, “The partnership enhances transparency and offers the community valuable insights into TON’s growth and usage.”
Major Partnership in Crypto Space Till August 2024
Ripple, a leading blockchain firm, partnered with DIFC Innovation on August 07, 2024, fueled by the strong interest of crypto moguls in the UAE.
Following Ripple’s partnership, a significant shift in the XRP user base has been observed. Ripple has reportedly funded over 150 teams working on the XRPL in 47 nations.
Bitpanda, a leading fintech firm, has announced its strategic partnership with Deutsche Bank to facilitate its users’ hassle-free crypto services in Germany.
Kraken, a leading centralized cryptocurrency exchange, announced its partnership with Atletico Madrid, a Spanish football club; the exchange is the team’s official sponsor in the 2024 season.
In May 2024, TeleportDAO joined hands with Leather BTC to enhance its wallet experience. The company offers hard wallet support and other privacy and security support.
Market Price Update
The broader cryptocurrency market has reflected significant bullish signals in the past 24 hours. At press time, the market capitalization is $2.14 Trillion, adding 6.14% intraday.
Bitcoin’s (BTC) price soared 6.36% in the past 24 hours, reaching $60,847. Its trading volume grew by 9.16%, and its market cap surged by 6.24%.
Other News Update
the trading volume of spot and derivative volume on centralized crypto exchanges grew 19%, reaching $4.91 Trillion, according to a study of CCData. Continuous declines over the past four months precede the registered development in volume.
The key reasons behind the growth of the trading volume of CEX are the launch of Ethereum (ETH) spot ETFs, positive voices about crypto in the U.S. elections, and some major bullish incidents that supported the market reach new milestones.
