Toncoin’s price recovery: Nabs Pantera Capital investment, Arkham partnership

As a seasoned crypto investor with a keen interest in The Open Network (TON), I’ve witnessed the ups and downs of this promising project over the past few months. The recent announcement of Pantera Capital’s investment into TON was a much-needed boost for the community, especially after weeks of stagnation and decline.

Toncoin resumed growth behind investments from venture capital firm Pantera Capital.

Over the last 24 hours, the price of Toncoin (TON) surged by 7%, reaching $5.15 – a welcome bounce back following a series of weekly setbacks.

Toncoin’s price recovery: Nabs Pantera Capital investment, Arkham partnership

Following the announcement of Pantera Capital’s investment in The Open Network blockchain, the project has experienced a fresh surge in growth. Yet, the exact size of Pantera Capital’s investment remains undisclosed.

As a researcher studying the TON network, I’m thrilled to observe its development in its initial phase. The anticipation builds as we watch the Telegram community embrace the ecosystem and discover its innovative new features.
Pantera Capital

Pantera Capital acknowledges that the platform is currently in its formative years. Yet, the venture capital firm intends to advance the ecosystem and facilitate the integration of novel features.

Pantera holds the view that collaboration with exchanges and finance services is progressively happening, making the ecosystem more accessible.

Furthermore, TON creators revealed that the platform would be compatible with Arkham Intelligence’s on-chain analytical services.

@ArkhamIntel has teamed up with TON! Soon, this collaboration will allow the 900M users of Telegram to effortlessly access Arkham’s data via a Mini App. In return, Arkham will integrate TON’s support on their platform. 💎— TON 💎 (@ton_blockchain) May 2, 2024

Users of Telegram can effortlessly retrieve Arkham data via a mini app. Notably, Arkham will incorporate TON support in their system as well.
TON team

In April, Tether, the company behind the USDT stablecoin, introduced compatibility with The Open Network blockchain. This new feature is now available in the Telegram Wallet. Simultaneously, TON developers declared a significant decrease of approximately 2.5 times in transaction fees.

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2024-05-02 23:36