**Toncoin (TON) Surges Amid Major Developments**
Toncoin (TON) has seen a remarkable price surge over the past 10 days, hitting its highest levels in nearly four weeks. The cryptocurrency climbed from $4.78 on August 5 to an intraday high of $7.26 on August 14, marking a 51% increase. Currently, TON trades at $6.98, up 10% in the last 24 hours.
Key drivers behind this surge include:
- **Binance Launchpool Listing**: Binance announced TON's addition to its Launchpool platform, allowing users to stake BNB and FDUSD to earn TON tokens starting August 15.
- **Strategic Partnerships**: TON's collaboration with Pyth Network to integrate high-fidelity data services has also fueled its rise.
- **Network Growth**: The Open Network has seen increased user adoption and daily transactions, surpassing Ethereum in some metrics.
These developments have positioned TON as the 8th-largest cryptocurrency, with a market cap exceeding $17.67 billion.