Toncoin has resumed growth behind investments from venture capital firm Pantera Capital.
Launching several initiatives simultaneously, the price of Toncoin (TON) rose 7% over the past 24 hours to $5.15, recovering after several weeks of decline.
The renewed growth comes shortly after Pantera Capital Announce Investing in the open blockchain network. However, the investment amount is not specified.
“We believe the TON network is still in its early stages, and we are excited to see the adoption of its ecosystem and new features by the Telegram user base.”
Pantera Capital
Pantera Capital notes that the platform is still in the early stages of development. However, the venture capital firm is looking to further develop the ecosystem and help with the adoption of new functionalities.
Pantera believes that integration with exchanges and other financial services is happening gradually, making the ecosystem easier to access.
Additionally, TON developers announced the platform's integration with on-chain analytics service Arkham Intelligence.
“Telegram users will be able to access Arkham data seamlessly through the Telegram Mini app. Arkham will also include TON support on its platform!”
ton team
Earlier in April, Tether, the issuer of the USDT stablecoin, added support for the Open Network blockchain. The corresponding function appeared in the Telegram wallet. In the same month, TON developers announced a 2.5x reduction in commissions.
