Connect with us

TON

TON Enhances Liquidity and Access with LayerZero Integration

Published

2 months ago

on


The Open Network (TON) has recently announced its integration with the interoperability protocol LayerZero. This partnership is set to expand TON’s capabilities for cross-chain asset transfers, aiming to connect the network with over 100 different blockchain networks.

TON Expands Blockchain Reach With LayerZero Integration

According to a recent post on X platform, The Open Network has completed its integration with LayerZero. This strategic move enhances TON’s ability to facilitate asset transfers across a vast network of blockchains, thus broadening its utility. The integration expands access to vital crypto assets across various networks.

The collaboration with LayerZero is a strategic expansion of the The Open Network ecosystem. By integrating with LayerZero, TON now supports seamless asset transfers, which is critical for users who operate across multiple blockchains. Consequently, the functionality will enhance the user experience by providing more efficient transaction processes.

Additionally, key partners such as the consortium USDT0 and the synthetic stablecoin issuer Ethena have already started leveraging LayerZero’s infrastructure on TON. This partnership shows tangible use cases of improved interoperability within the blockchain space. Such collaborations are pivotal for TON as they create an accessible network.

Enhancing Liquidity and Crypto Asset Access

The integration with LayerZero addresses one of the most significant challenges in the blockchain ecosystem, liquidity. By connecting with more than 100 blockchains, TON is set to improve its liquidity, making it easier for users to move assets across different chains. This is beneficial for traders and investors looking to capitalize on different markets across various platforms.

Moreover, access to major crypto assets is a critical aspect of this integration. By facilitating a direct link to big players like Ethereum, Tron, and Solana, TON broadens its reach and usability. Users of the TON network can now enjoy access to these major assets, which are pivotal to various investments within the crypto world.

Market Response and Future Outlook

Following the announcement of the integration, there has been a noticeable impact on Toncoin’s market positioning. While exact price movements fluctuate due to various market factors, the general sentiment towards TON has improved. Investors and users are optimistic for more growth and stability offered by the enhanced interoperability features.

Additionally, the rising social sentiment surrounding Bitcoin and Toncoin suggests a growing confidence among investors, potentially signaling a bull run ahead. As these foundational assets gain traction, the focus is shifting away from memecoins towards more stable cryptos.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading

MACD

Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain?

Published

2 weeks ago

on

April 4, 2025

By


My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.



Source link

Continue Reading

AI Market Insights

Toncoin’s (TON) Dramatic Volatility Signals Market Uncertainty

Published

2 weeks ago

on

April 3, 2025

By



Market Recovery Amid Institutional Confidence

The cryptocurrency market remains in turbulent territory as Toncoin (TON) demonstrates both significant volatility and remarkable resilience.

After forming a head-and-shoulders pattern with strong resistance at $4.15, TON has recovered from its recent lows. It is now trading at $4.13 with a 12.5% weekly gain.

Продолжение Читайте Ниже

This recovery comes amid news that leading venture capital firms, including Sequoia, Ribbit Capital, and Benchmark, collectively hold over $400 million in TON, signaling institutional confidence in the blockchain’s future.

TON Technical Analysis Highlights

  • Price action formed a head-and-shoulders pattern with resistance at $4.15 and support at $3.60.
  • The support level at $3.60 was breached during the April 3rd selloff.
  • Volume analysis shows distribution phases coinciding with price peaks, suggesting institutional profit-taking.
  • Fibonacci retracement indicates potential stabilization around the 0.618 level at $3.58.
  • Cup-and-handle formation appeared during recovery with initial resistance at $3.58.
  • Strong buying pressure was observed during the 15:32-15:34 and 15:58 periods.
  • Price reclaimed the Fibonacci 0.382 level at $3.59, suggesting potential continuation toward $3.65.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.





Source link

Continue Reading

Markets

TON Token Surges 20% as Telegram Founder Recovers Passport From French Authorities

Published

1 month ago

on

March 16, 2025

By



The price of TON has surged more than 20% over the last 24 hours to now trade above $3.45 and have a $8.14 billion market capitalization after French authorities returned Telegram founder Pavel Durov’s passport.

The move restores Durov’s ability to travel freely and marks the end of a situation that had drawn concerns from privacy and free speech advocates. Durov, who co-founded Telegram, a messaging platform with nearly a billion users, has long been an outspoken advocate for privacy and secure communication.

Read more: TON Down 14% as Telegram CEO Pavel Durov Arrested in France

The TON Foundation, which supports the Telegram Open Network (TON), celebrated the moment on social media. “As part of the decentralized TON community, we have stood in solidarity with Pavel, supporting his unwavering dedication to defending the right to free speech and privacy online.“

TON has also benefited from new features introduced to the Wallet app on Telegram, which include multiple assets, a yield program, an updated user interface, and more.

Read more: Telegram’s Pivot to TON Payments for Ads Boosts Toncoin





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon