Toncoin resumed its growth thanks to an investment from venture capital firm Pantera Capital.
Toncoin (TON), which launched several initiatives at once, rose 7% in price to $5.15 in the last 24 hours, recovering after several weeks of decline.
The new growth comes shortly after Pantera Capital announced its investment in The Open Network blockchain. However, the investment amount has not been determined.
“We believe the TON Network is still in its infancy, and we are excited to witness the Telegram user base adopting the ecosystem and new features.”
pantera capital
Pantera Capital notes that the platform is still in the early stages of development. However, VC firms are working to strengthen ecosystem development and support adoption of new features.
Pantera believes that gradual integration with exchanges and other financial services will make the ecosystem more accessible.
TON developers also announced the platform’s integration with on-chain analytics service Arkham Intelligence.
“Telegram users can seamlessly access Arkham data through the Telegram Mini app. Arkham will also include TON support on its platform!”
tone team
In early April, USDT stablecoin issuer Tether added support for The Open Network blockchain. The feature has appeared in Telegram Wallet. In the same month, TON developers announced a 2.5x reduction in commissions.