Content written by me.
Useful resources obtained from Cointelegraph: https://cointelegraph.com/news/telegram-ton-bitget-20-million-fund
In the past six months, the TON blockchain has seen remarkable growth, driven by a surge in projects being launched on the platform, many of which are linked to Telegram. A standout success story is NOTCOIN, which gained significant traction right from its launch. Additionally, projects like BLUM and HAMSTER KOMBAT, among others, have also gained widespread recognition and adoption, further enriching the ecosystem.
With over 900 million users on Telegram and nearly 45% engaging in various Telegram-based gaming projects to earn cryptocurrency, the future of the TON blockchain appears very promising. This June, the number of daily active addresses on the TON blockchain has surpassed those on Ethereum, and the TON token has seen a fivefold increase in value over the past two months, with Total Value Locked (TVL) now exceeding $600 million.
Since the start of 2024, TON has gained more than 400%, marking it as one of the top-performing tokens. Excitingly, the token has maintained its bullish trend despite the broader decline in BTC and other major altcoins, solidifying its position as a highly sought-after blockchain.
Recognizing the potential of the TON ecosystem, Bitget, in alliance with Foresight Ventures, has invested $20 million to support new and emerging projects within the TON ecosystem.
This financial backing from top industry players is expected to foster the development of high-quality projects.
Drawing parallels to the massive adoption Ethereum experienced in 2020/2021, which led to a significant surge in ETH's value, we might witness a similar scenario with TON in the upcoming cycle. However, I advise conducting your own research (DYOR) as this is not financial advice.