Raising 40 million, listed on Binance, will TON enter the fast lane of development? | TrendX Research Institute

08/22/2024·8M

This week on August 14th, with the news of former TON Foundation executives establishing TON Ventures and raising 40 million US dollars to support the TON ecosystem, the price of TON coin rose by more than 12% in a single day, breaking through 7 US dollars. The market reaction brought about by this hot topic is detailed on TrendX.

As of August 18th, the TrendX platform's data statistics for BTC, ETH, and TON are as follows:

The discussion count for BTC last week was 8.48K, a decrease of 7.31% from the previous week, with a Sunday price of 59414 US dollars;
The discussion count for ETH last week was 2.3K, a decrease of 22.9% from the previous week, with a Sunday price of 2639 US dollars;
The discussion count for TON last week was 1.29K, an increase of 38.83% from the previous week, with a Sunday price of 6.61 US dollars.

TON's performance is impressive, with TON's discussion count ranking 5th on the TrendX overall list; and its discussion growth ranking 1st, with a single-day increase of 122.67%. At the same time, TON's real-time sentiment also ranks first with a score of 54.15, representing a very positive market sentiment. In addition, Telegram ranks 2nd on the sentiment list with a score of 51.37.

TON has seen continuous positive news recently, first with the listing of TON tokens on Binance, causing market discussions, and now with the establishment of TON Ventures today, it seems that the TON ecosystem is entering a new stage of rapid development.

The overall platform includes the discussion count of all KOLs, the change in the number of discussions over the past 7 days, and the number of KOLs discussing. Overall sentiment value changes.

Current Status and Development of TON Ecosystem

TON (The Open Network) is a blockchain project developed by Telegram, initially designed as a decentralized network supporting high-speed transactions. Over the years of development, TON has evolved from a conceptual project into a blockchain platform with a complete ecosystem and an active community. The TON ecosystem not only includes decentralized applications (dApps), smart contracts, cross-chain bridging, and other core technologies, but also involves extensive community governance and market applications.

In recent years, the development speed of the TON ecosystem has been astonishing. Especially in 2024, the total asset scale on the TON chain reached 1.14 billion US dollars, an increase of more than 15 times from the beginning of the year. In addition, the daily active user count of the TON ecosystem has surpassed that of Ethereum, demonstrating its advantages in user conversion and ecosystem stickiness. More significantly, the number of non-zero addresses on the TON chain has exceeded 39.5 million, nearly 10 times the number at the beginning of the year. This series of data indicates that the TON ecosystem is expanding at an extremely fast pace and has become an important force in the cryptocurrency market.

Establishment and Significance of TON Ventures

The establishment of TON Ventures is undoubtedly an important milestone in the development of the TON ecosystem. This new venture capital institution is led by former TON Foundation executives Ian W. and Inal K., backed by a 40 million US dollar fund pool, focusing on supporting early-stage crypto projects within the TON ecosystem. The mission of TON Ventures is not only to provide financial support for projects in the TON ecosystem, but also to drive continuous innovation and development of the entire ecosystem through resource integration and strategic cooperation.

The investment focus of TON Ventures is mainly on the following three types of projects:

User applications based on the Telegram social network: TON Ventures will focus on supporting user applications developed on the Telegram platform. These applications can fully utilize the vast user base of Telegram for rapid growth and expansion.
Telegram mini-programs: With the opening of the Telegram API and development tools, mini-programs have become an important part of the TON ecosystem. TON Ventures will focus on supporting the development of these mini-programs and promoting their application within the TON ecosystem.
Infrastructure and tool development: In order to help developers create excellent applications and services, TON Ventures will also support the development of various infrastructure and tools. These tools not only help improve development efficiency, but also drive the overall technological level of the TON ecosystem.

The timing of the establishment of TON Ventures is very fitting for the rapid development of the TON ecosystem. With the explosive growth of the ecosystem and community, TON needs more funds and resources to support the incubation and development of early-stage projects. The establishment of TON Ventures not only provides necessary support for these projects, but also brings global resources and experience to the TON ecosystem. Through TON Ventures, developers and investors can share the resources and opportunities of the TON ecosystem, accelerating the overall development of the ecosystem.

Background and Experience of the Leadership Team of TON Ventures

The leadership team of TON Ventures consists of two experienced former executives in the TON ecosystem, Ian W., former director of the TON Accelerator, and Inal K., former head of the game department at the TON Foundation. During his time at the TON Accelerator, Ian W. successfully incubated the popular TON chain games Catizen and Gatto, as well as the perpetual contract trading platform Tradoor. These projects have not only achieved significant success in the TON ecosystem, but also accumulated valuable experience for the development of the TON ecosystem.

Inal K. focused on game development and promotion in the game field during his time at the TON Foundation. Through innovative project design and marketing strategies, he brought a large number of users and attention to the TON ecosystem. Under their leadership, TON Ventures will further promote the expansion and innovation of the TON ecosystem, injecting new vitality into the ecosystem.

Ian W., Managing Director of TON Ventures, stated: "TON and Telegram have created a new paradigm for Web3. With our deep cultivation in this ecosystem, we firmly believe that the greatest opportunity for TON lies in precise capital allocation. Now, we have the opportunity to share unique insights with innovators and developers, helping them thrive in the fertile soil of TON and Telegram. Through connecting visionary investors and cutting-edge projects, we hope to accelerate the development of the TON ecosystem and drive revolutionary progress in decentralized technology."

Future Prospects of the TON Ecosystem

With the establishment of TON Ventures, the TON ecosystem will undoubtedly enter a new stage of development. TON Ventures will not only provide financial support for early-stage projects in the ecosystem, but will also play an important role in resource integration, strategic cooperation, and technological innovation. The future development direction of the TON ecosystem can be anticipated from the following aspects:

Further expansion of the ecosystem: With the financial support and strategic guidance of TON Ventures, the number and quality of projects in the TON ecosystem will significantly improve. More developers will be attracted to the TON ecosystem, thereby promoting the expansion and prosperity of the entire ecosystem.
Continuous growth of the user base: With the support of TON Ventures, applications and mini-programs based on Telegram will have more development opportunities. This will further enhance the user base of the TON ecosystem, continuing the rapid growth of its daily active user count and non-zero address count.
Accelerated advancement of technological innovation: TON Ventures will focus on supporting the development of infrastructure and tools, greatly improving the technological level of the TON ecosystem. With the introduction of more innovative technologies, the TON ecosystem will become more complete and powerful.
Increased global influence: The global resources and experience of TON Ventures will help the TON ecosystem gain more attention and recognition worldwide. Through cooperation with top global investors and developers, the TON ecosystem will gradually expand its global influence.

TrendX Index Forecast

As TON continues to release positive news, the various indices on the TrendX platform have provided a comprehensive response to the popularity of TON:

In terms of discussion count, TON has made significant progress, surpassing numerous well-known projects such as Arbitrum, Polygon, as well as popular meme coins like DogeCoin and PEPE, ranking only behind BTC, Solana, ETH, and Binance. TON has now settled in the mainstream Web3 sector, with promising future prospects.

In addition to the outlook for TON, TrendX will also launch comprehensive research reports based on different platform indicators (real-time sentiment, discussion growth, KOL follow-up changes, etc.), as well as the flow of smart money in and out.

Conclusion

The rapid development of the TON ecosystem and the establishment of TON Ventures mark a new stage of development for TON. With more funds, resources, and technology injected, the TON ecosystem is bound to achieve greater breakthroughs and success in the coming years. For developers, investors, and users, the TON ecosystem provides a platform full of opportunities and potential. As the TON ecosystem continues to grow, we have reason to believe that it will occupy an important position in the future blockchain world, driving revolutionary progress in decentralized technology.

The establishment of TON Ventures is not only an important upgrade for the TON ecosystem, but also an important signal for the entire blockchain industry. It indicates that as the crypto market continues to mature, ecosystem construction and development will become key factors in determining the success or failure of projects. And TON is at the forefront of this development.

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