IntoTheBlock (ITB), an onchain analytics and decentralized finance (DeFi) services provider, has integrated The Open Network (TON) into its analytics platform.
According to a press release shared with Cointelegraph, the collaboration with the TON Foundation will enable the Ton community to access advanced analytics free of charge.
The integration of Ton into ITB’s Market Intelligence suite aims to boost Ton’s user engagement and network transparency through deeper “insights into the TON ecosystem.”
Related: Trust Wallet partners with TON for further blockchain adoption
Integration details
The new integration will allow users access to more than 60 indicators, enabling in-depth analysis of the Ton network data through several available data metrics.
According to the press release, these metrics will include analysis of transaction volumes, network health, and user activity.
Omur Cataltepe, global business development lead at ITB, emphasized the value of the partnership with Ton:
“This partnership enhances transparency and offers the community valuable insights into TON’s growth and usage”
Related: New Tonkeeper app enhances crypto asset security, preventing hacks
Telegram Mini Apps Ton growth
According to the press release, Ton onchain data on the ITB platform highlights a surge in activity on the Ton network in correlation with the rise of Telegram Mini Apps.
Since December 2023, these Telegram-integrated apps, which utilize the Ton blockchain, have facilitated features previously unavailable to over 250 million Telegram users.
These include token transfers, micropayments, and smart contract interactions directly connected to chats.
“...the success of these Mini Apps could be a major growth driver for the TON network, potentially onboarding millions of users into the cryptocurrency ecosystem.”
Related: Notcoin to launch story-driven Web3 game with Lost Dogs and Getgems
Trust Wallet partners with TON
On July 30, Trust Wallet, a self-custody Web3 wallet provider, partnered with TON to increase the adoption of blockchain technology.
The partnership now allows Trust Wallet’s 100 million users to send and receive Toncoin tokens while focusing on gaming finance (GameFi) and decentralized applications (DApps).
According to a press release shared at the time with Cointelegraph, Nate Zou, head of product at Trust Wallet, stated that the firm’s values “have always been aligned with TON’s.”
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