Bitget and Foresight Ventures Collaborate to Launch a 20 Million TON Ecosystem Fund TON Daily Active Addresses Surpass Ethereum

Bitget and Foresight Ventures Collaborate to Launch a 20 Million TON Ecosystem Fund TON Daily Active Addresses Surpass Ethereum

Bitget and Foresight Ventures Collaborate to Launch a 20 Million TON Ecosystem Fund TON Daily Active Addresses Surpass Ethereum

Leading global cryptocurrency exchange and Web3 company, Bitget, announced a joint launch of a $20 million TON Ecology Fund with Singaporean investment firm Foresight Ventures. The fund aims to support early-stage projects built on The Network (TON), highlighting the commitment of both parties to promote TON’s ecological innovation development.

The Open Network (TON) has gained significant attention recently, with its price reaching all-time high. According to Delphi Digital’s report, due to Telegram’s massive base of900 million, the number of daily active addresses on TON has surpassed that of Ethereum, the growth of the TON ecosystem.

The Total Value Locked (TVL) in TON ecosystem has increased more than fivefold in the past two months, reaching $600. This is due to the influx of new projects and assets such as STON.fi DeDust.io, and TON-USDT. According to Tether’s official transparency, the authorized issuance of USDT on the TON blockchain has grown to around $ million, making it the sixth-largest blockchain for USDT issuance after TRON, Ethereum, Solana Avalance , and OmniThis $20 million TON Ecology Fund aims to fully support project development within the T ecosystem. By leveraging Telegram’s massive user base,Bitget remains consistent with its vision to widespread adoption of cryptocurrencies and creating a fairer future through cryptographic evolution. The fund will seek out and support promising projects by providing necessary liquidity for their thriving development on Bitget.

Gracy Chen , CEO at Bitget stated,”We are thrilled to see that the growth in usership,TVL,and price has ledTto a virtuous cycle withintheTONecosystem.AtBit,wearcommittedtofosteringinnovationintheTONecosystem.Our$20fundisthetestamentofourcommitmenttosupportprojectsdrivingwidespreadocurrencyadoption.WebelieveinthepotentialofTONanditsabilitytocreateafairerfuture.”