⏫The total value locked (TVL) on the @Ton Network has exceeded $768 million.

Despite being new to decentralized applications (DApps), TON has been ranked as the 11th largest blockchain based on TVL.

Key Initiatives and Partnerships

📌Ecosystem Fund: On June 26, Bitget and Foresight Ventures launched a $20 million TON ecosystem fund to support early-stage projects and applications.

📌Layer-2 Network: Announced on July 9, the TON applications chain will leverage Polygon’s technology for EVM compatibility.

📌Web3 Accelerator: On July 10, a partnership with 1inch and Sign launched Triangle, focusing on play-to-earn mini-games.

📌Bitcoin Bridge: On July 18, the TON Foundation introduced the Teleport Bitcoin bridge to integrate with TON ecosystem DApps.

💥While the TON ecosystem shows promise, the long-term demand for TON depends on the sustainable growth of its DApps and effective management of token launches. The ecosystem remains in its early stages, making it too soon to definitively judge the success of these strategies.

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