đ„đ„đ„ $TON Blockchain Expands Web3 Reach With Injective and #PYTH
TON Blockchain Expands Web3 Reach with Injective and Pyth Network Integrations
The TON blockchain has expanded its Web3 capabilities by integrating with Injective (INJ) and Pyth Network (PYTH), enhancing its DeFi ecosystem. The integration with Injective allows seamless bridging of INJ tokens and introduces TON to Injective's decentralized applications (dApps), unlocking new utilities like trading and on-chain lending.
Pyth Network brings its decentralized oracle services to TON, offering real-time, reliable data feeds for dApps and smart contracts. Originally designed for Solana, Pyth now operates across over 70 blockchains, providing market data for various assets, further strengthening TON's DeFi projects.
These integrations significantly boost liquidity, security, and the trading experience on TON, contributing to its remarkable growth, including a 4226% increase in total value locked (#tvl ) in 2024. Partnerships with major players like Pantera Capital, Tether, and Oobit also drive TON's expansion, enhancing global crypto transactions and accessibility.
These developments position TON as a leading player in the evolving Web3 landscape, committed to building a decentralized, interconnected digital ecosystem.
Source - beincrypto.com
