TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 4,043,474 to 4,174,537 (+3.2%) between December 18 and December 24, 2023.
Ecosystem News:
▪️ Foresight X and TonUP launched a $200,000 grants program for the TON Ecosystem. Aiming to fund over 20 TON-based projects, this initiative focuses on startups developing upper-layer apps and Telegram Mini App integrations. Read more here.
▪️ Last week's CoinMarketCap Live featured discussions on the future of Web3 and GameFi with Telegram and TON. Listen to the full recording here and read more here.
▪️ HackenProof and TON Foundation teamed up to launch a new bug bounty program. It is aimed at enhancing TON Ecosystem's security by leveraging HackenProof's extensive global network of hackers and professional security researchers. Read more here.
▪️ Layerswap has integrated TON, enhancing user access to the TON Network from over 40 sources, including major blockchain networks, popular exchanges, and fiat via Stripe. Read more here.
▪️ Animoca Brands, now TON Blockchain's largest validator, released in-depth research on TON, highlighting its potential in mainstream crypto and GameFi, among other aspects. Read more here.
▪️ Ton Raffles introduced the fair launch method for its $RAFF token sale in the TON Ecosystem, attracting 2,151 participants and a deposit of 197,493.69 TON, showcasing TON's commitment to innovation and transparent project launches. Read more here.
▪️ TON achieved a significant milestone by processing over 80 million Inscriptions transactions in just 15 days, showcasing its robust scalability and dynamic sharding capabilities. Read more here.
Happy Holidays to all TON Community members! 🎄
Introducing fair launches in the TON Ecosystem with Ton Raffles
Ton Raffles has pioneered a new era in the TON Blockchain with the introduction of the fair launch method for its $RAFF token sale. This innovative approach marks a first in the TON Ecosystem, leveling the playing field for all participants. The fair launch ensures that every participant has an equal opportunity from the very start, up until the token's listing on DEX.
Despite facing numerous challenges, Ton Raffles has achieved remarkable milestones:
▪️ A participation of 2,151 individuals.
▪️ An impressive total of 197,493.69 TON deposited, equivalent to approximately $420,000.
This successful launch not only highlights the growing interest in projects developed on TON but also demonstrates the practicality and effectiveness of fair launches. By adopting this method, Ton Raffles has enhanced the standards of transparency and fairness in crypto project launches, offering equal opportunities to all participants.
The success of the Ton Raffles event is a testament to the continuous development and growth of the TON Blockchain. It underscores TON's dedication to innovation, its ability to attract a broader audience, and its contribution towards enriching the diversity and growth of the ecosystem.
Join the official Ton Raffles community at @tonraffles_en for future updates.
Layerswap integrates TON
Layerswap has integrated TON, paving the way for users to access the TON Network from a multitude of ecosystems effortlessly.
Known for its fast and reliable crypto transfer services across networks and exchanges, Layerswap processes millions in daily transaction volumes. Their mission is to provide freedom in moving your crypto anywhere you desire. Currently, their app supports 28 EVM and non-EVM chains, 18 centralized exchanges, and fiat onramping via Stripe.
By supporting TON, Layerswap enables users to seamlessly and securely move funds to TON from over 40 sources. This includes major blockchain networks (such as Ethereum, Polygon, Arbitrum, Optimism, zkSync, Starknet, etc.), popular exchanges (like Coinbase, Binance, KuCoin, Bybit, etc.), and fiat through Stripe.
For more information, refer to Layerswap’s announcement here.
Foresight X and TonUP launch $200,000 grants program for the TON Ecosystem
In a significant move aiming to enhance the TON Ecosystem, Foresight X, the accelerator arm of the prominent Asian investment firm Foresight Ventures, has partnered with TonUP, a leading launchpad on TON, to initiate a $200,000 grants program.
This collaboration between TonUP and Foresight X aims to fund more than 20 TON-based projects. Having benefited themselves from the TON Foundation grants program, TonUP understands the pivotal role such grants play in supporting startup teams.
The primary focus of this grants program is to nurture startups that are working on developing upper-layer applications within the TON Ecosystem, as well as those integrating use cases for Telegram Mini Apps.
Additionally, TonUP has announced the upcoming Initial DEX Offering (IDO) of their $UP native token, scheduled for December 20, 2023, and exclusively available on TonUP.io. This development marks another milestone in their ongoing efforts to contribute to the TON Ecosystem's growth and diversification.
Learn more about TonUP's IDO here.
TONomania Phase 1
OKX, one of the first exchanges to list Toncoin (TON) and one of the world's leading cryptocurrency exchanges, has joined forces with TON to introduce TONomania – a series of engaging events and opportunities.
This campaign unfolds in three phases. Phase 1 kicks off today, December 14, 2023, and runs until December 28, 2023. Get ready to "Learn & Earn" and win a share of the 8,000 Toncoin prize pool. Terms and Conditions apply.
How to participate?
It's simple - complete the quiz in the OKX app to earn up to 5 Toncoin.
The details of the next two phases will be unveiled in the coming weeks. Additionally, mark your calendars for three informative AMA sessions covering the TONomania campaign, TON Ecosystem, and TON Community, scheduled for December 14, 18, and 21, 2023. All three sessions will be hosted on OKX’s official YouTube and Telegram channels.
Don't miss the first one today, December 14, 2023, at 17:00 UTC, featuring Anthony Tsivarev, Director of Ecosystem Development at TON Foundation. Watch here: /channel/okx_ru?livestream
Learn about the details and embark on your TONomania journey today here.
The dawn of cNFTs on TON
The Compressed NFT (cNFT) format has recently gained popularity, enabling the creation of extensive collections ranging from hundreds of thousands to a million items — all achievable at a fraction of the minting cost.
The first cNFT use cases on TON took place recently, marking the beginning of a new era. The team behind the @Getgems NFT marketplace:
▪️ Released over 75,000 cNFTs as part of the Egg Fight Club game, where egg-cNFTs serve as gaming assets in the fight for the grand prize. In this initial attempt, the minting price of cNFTs was approximately 40 times cheaper than typical NFT mints.
▪️ Unveiled the first Pearls by Gems drop in collaboration with the creators of Lost Dogs: "Lost Dogs: Consequences" collection, featuring postcards of varying rarity and the backstory of the long-lost world.
Minting 16,191 cNFTs in the Pearls drop cost just 1.5 Toncoin. Typically, a collection of this scale would cost around 800 Toncoin. Thanks to the cNFT standard, the cost has been reduced by more than 533 times.
Join the Pearls Drop channel and pre-authorize your wallet with @pearls_drop_bot for upcoming cNFT drops. To learn more about cNFTs, read this post.
Network Notification
Due to the exponential growth in network activity, some services on the network infrastructure may experience some disruptions. Centralized exchanges may not be able to process deposits and withdrawals due to these disruptions.
TON Network Online: A Heartfelt Thanks to TON Community
As of 7:20 AM UTC today, The Open Network (TON) has effectively resolved the recent network congestion issues, thanks to upgrades implemented by TON validators. This advancement has enabled the network to process transactions swiftly and seamlessly, ensuring the safety and security of all user assets during the slowdown.
The network performed effectively during decongestion processing up to 65,000 transactions per minute at its peak. However, there have been some significant lessons learned here, and still remain some challenges to address with introducing slashing for underperforming validators, and continuing to upgrade the validator network with the best hardware and routes of communication. In part the solution is already integrated into our network's architecture, but there will be further upgrades and we are already significantly better positioned to handle similar scenarios in the future.
Throughout this event, a significant milestone for the blockchain was realized - 200 million transactions have successfully been processed.
Our heartfelt gratitude goes out to our community for your patience and support during this time. We extend special thanks to all the validators as well as Tonano, Fragment, @Wallet, Tonkeeper, TON API, dTON, re:doubt and Orbs teams for their exceptional efforts and collaboration, which were instrumental in stabilizing the network, and communicating the status to TON Community.
As we move forward and services resume, we anticipate a smooth transition, although minor delays might occur as teams resume full services. We've set up a direct contact form for those who need personalized assistance. Your trust and cooperation have been invaluable, and we remain dedicated to continually enhancing the TON experience. Thank you for being with us on this journey.
Call for Network Validators to get in contact!
The TON blockchain is experiencing reduced performance now due to a backlog of transactions in the queue to be validated. We’ve received a response from many validators on the network who have already upgraded using the patch provided this morning.
However, there are still some we have been unable to reach. We need to collect the machine specifications from all validators to progress the upgrade as quickly as possible. If you maintain a TON validator node, please get in touch with us urgently so we can resolve the network performance issues.
You can reach the team via this google form. If you know someone who maintains a validator node on TON, please also feel free to forward this message.
The Gateway 2023
The Gateway, TON's first in-person conference in Dubai, was a massive success, with over 500 attendees and a vibrant atmosphere filled with keynote speeches, major ecosystem announcements, insightful discussions, and unique networking opportunities. A heartfelt thank you to the amazing TON Community and all attendees for making the first Gateway so special!
Here are the key highlights:
▪️ Wallet rollout: Coming to every Telegram user by default by the end of Q2 2024.
▪️ The Open League: Aiming to activate 5 million users to TON projects in the next twelve months with TON-backed incentives.
▪️ TON Society plans were revealed. The platform will become a reputation profile for all TON users, making the TON Ecosystem more attractive to builders targeting specific user segments.
▪️ In regards to programs, TON Foundation unveiled various ways projects can get support, including liquidity, acceleration, and marketing.
▪️ We got a first look at new projects such as Notcoin and Egg Fight Club, two games designed to help new Web3 users understand tokens and collectibles.
▪️ We were impressed by the amazing art showcased by TON Diamonds.
▪️ We met and enjoyed presentations by Gateway sponsors, including Orbs, Tonscan by Bastion, TonUp, Bybit, MEXC Ventures, and KuCoin.
Relive the excitement by exploring photos and livestreams on the official event website.
For a comprehensive recap of the conference, dive into this blog post.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,842,227 to 3,890,436 (+1.2%) between November 27 and December 3, 2023.
Ecosystem News:
▪️ Paribu, Turkey's leading crypto exchange, has listed Toncoin (TON) with the first TON/TRY trading pair. Read more here.
▪️ Anton Trunov, a distinguished blockchain developer, has joined the TON Foundation, unveiling a new roadmap for Tact, TON's smart contract development language. Read more here.
▪️ Animoca Brands became the largest validator on TON Blockchain, enhancing the TON Ecosystem with funding, research, analytics, and support for third-party gaming and GameFi projects. Read more here.
▪️ The "TON Innovators" series introduced EVAA Protocol, the first decentralized lending platform on TON, enabling users to lend and borrow digital assets through smart contracts. EVAA has also launched a Hackathon aiming to enhance the TON DeFi ecosystem. Read more here.
▪️ We explored TON's potential and identified six real-world use cases for the fastest and most scalable blockchain on the planet. Read more here.
▪️ KuCoin Ventures, the investment arm of KuCoin Exchange, has partnered with TON Foundation to provide a grant supporting the growth of the TON Ecosystem, particularly focusing on five TON-based mini-apps in payments or GameFi. Read more here.
▪️ Port3 Network has begun supporting the deployment of NFTs and SBTs within the TON Ecosystem. Read more here.
▪️ STON.fi and Fanton collaborated to organize a partner tournament, offering a prize pool of 1,000 STON. The tournament aims to merge the worlds of DeFi and fantasy football, utilizing STON.fi's technical solution in the Fanton project. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
KuCoin Ventures partners with TON Foundation
KuCoin Ventures, the investment arm of KuCoin Exchange, has announced a strategic partnership with the TON Foundation, underscoring their commitment to the TON Ecosystem.
KuCoin Ventures will provide a grant to enhance the growth of the TON Ecosystem, specifically supporting five TON-based mini-apps focusing on real-world blockchain solutions in payments or GameFi. This funding will give an additional boost to initiatives such as The TON Bootcamp, fostering innovation, research, community-building, and marketing efforts.
Together, KuCoin Ventures and the TON Foundation are shaping the future of Web3, aiming for a more accessible and decentralized digital future for all.
To learn more about this partnership, read this article.
TON Innovators - EVAA Protocol
"TON Innovators" is the latest content series on the TON Blog, dedicated to exploring the most innovative projects within the TON Ecosystem and the creative minds behind them. In the premiere feature of this series, the spotlight turns to the EVAA Protocol.
What is EVAA Protocol?
EVAA is the first decentralized lending platform built on TON Blockchain. It empowers users to lend and borrow digital assets through smart contracts, eliminating the need for central intermediaries. Its seamless integration with Telegram (Wallet and TWA) provides the messenger’s 800 million monthly active users with easy access to DeFi.
Leveraging smart contracts, the platform ensures that transactions are both secure and transparent. Looking ahead, EVAA is set to expand its offerings to include multi-asset collateral options and to further refine its risk assessment algorithms, enhancing the safety of its lending services.
EVAA Hackathon
EVAA has launched the EVAA Hackathon, focusing on the development of liquidation bots for the EVAA DeFi ecosystem. This hackathon aims to enhance the functionality of the TON DeFi ecosystem by introducing effective liquidation bots, building connections between the fundamental TON DeFi protocols: lending and DEXs.
For developers interested in contributing, check out the EVAA Developer Guide on GitHub.
To learn more about EVAA and their roadmap, delve into this blog post and join their Telegram channel.
Anton Trunov joins TON Foundation and unveils a new Tact roadmap
Anton Trunov, a distinguished blockchain developer renowned for his contributions to blockchain-oriented programming languages, has joined the TON Foundation. Anton's expertise and strategic vision are poised to reshape the future of Tact, TON's innovative smart contract development language.
Anton's impressive track record includes pivotal roles in shaping smart contract languages for Zilliqa and Fuel ecosystems. His deep understanding of blockchain, programming languages, and strong academic background make him an invaluable addition to the TON Foundation team.
Building upon the legacy of Tact's initial creators - Oleg Andreev, Steve Korshakov, Tal Kol, and Kirill Emelyanenko - Anton presents a new roadmap that invites collaboration from the TON Community, developers, and enthusiasts. Your feedback matters, and you can contribute at Tact Language Roadmap.
Tact Roadmap Highlights:
▪️ Ensuring Tact's security with expert collaboration.
▪️ Enhancing the language by introducing typed tuples, enums, enhanced low-level constructs, and more.
▪️ Implementing standardized mechanisms for seamless contract upgrades.
▪️ Reducing gas consumption for user-written code and the Tact runtime.
▪️ Improving VS Code plugin and developing a standalone LSP server.
▪️ Expanding documentation for beginners, best practices, and common issues.
▪️ Developing automated tools for security audits, with a focus on community input.
Explore the future of smart contract languages at tact-lang.org.
For an in-depth view of Anton's Tact Roadmap, visit The Tact Roadmap on GitHub and read this blog post.
TON processed over 80 million inscriptions transactions in 15 days
TON Community is delighted to see the work to supercharge the network led to the successful launch of Inscriptions on TON. While other networks attempt to ban such demanding levels of transactions, TON evolved to carry the load with open arms. There were issues, but they led to great learnings that will shape how TON evolves to even greater levels of scale.
Since TON20 inscriptions launched - 98,945 unique users have made over 80 million transactions. Transactions per second have consistently held above 300 in over a week of minting activity, at one point reaching a peak of 649, a new record for TON Mainnet. TON’s dynamic sharding was in full swing, splitting into a peak of 16 shardchains. At the same time, transaction costs remained fixed and low at an average of ~$0.004 per transaction. In a community-led effort, crucial infrastructure was upgraded, including liteservers, APIs, and message delivery services. Special thanks to TON Diamonds, who set up additional liteservers, and GetBlock, who provided free RPC nodes for key projects.
The road to putting crypto in every pocket and making TON the most scalable blockchain on the planet was never going to be easy, but stress tests will always strengthen our ecosystem.
Read this blog to learn more about Inscriptions on TON and read this report for a full technical report on how TON conquered the issues. Plus, check out the inscriptions protocols on TON: @tonano_announcement and launching today @Gram_Announcement
Disclaimer: Nothing written in this post constitutes an official endorsement by TON Foundation. It is for the purposes of education and should not be considered advice to use these protocols that do carry significant risks.
Animoca Brands' in-depth TON Blockchain research unveiled
In November 2023, Animoca Brands, a Web3 leader in digital property rights for gaming and the open metaverse, became TON Blockchain’s largest validator and revealed their support plans for third-party gaming and GameFi projects within the TON Ecosystem. Learn more here.
Before cementing their strategic investment in TON, Animoca Brands performed extensive research to evaluate the network's potential and future trajectory.
The highlights from their recently released reports include:
▪️ TON is envisioned as a pioneer in mainstream crypto, thanks to its ease of use and seamless integration with Telegram.
▪️ The potential of TON as an everyday digital currency is underscored by its user-focused design paired with Telegram's vast user base of 800 million.
▪️ TON's innovative infrastructure is highly scalable, and capable of managing high transaction volumes at speeds never before seen in the industry. While maintaining low costs and high levels of security.
▪️ The strategic importance of TON's efficient network is discussed, highlighting its support for scalable dApps and a thriving DeFi ecosystem.
To underscore how excited Animoca Brands is about TON, we spoke to Yat Siu, Co-Founder of Animoca Brands in a CoinMarketCap Live event, where he said: "Telegram is the Web3 messaging platform, and there was no good way of integrating Web3 into Telegram until TON. Now, we plan to launch many of our games through Telegram, and we believe TON has great potential for the entire industry." For more insights, listen to the full recording of the CoinMarketCap Live here.
Discover the detailed analysis and future prospects of TON in these comprehensive reports:
▪️ "Role and Potential of TON in Mainstream Cryptocurrencies"
▪️ "TON's Scalable Infrastructure Foundation"
HackenProof launches new bug bounty program to enhance TON Ecosystem’s security
TON Foundation has joined forces with HackenProof, a leading bug bounty platform known for its work with exchanges, protocols, and blockchain ecosystems. This collaboration is set to bolster the security landscape of the TON Ecosystem by leveraging HackenProof's extensive global network of hackers and professional security researchers.
HackenProof will initiate bug bounty programs specifically for TON Ecosystem projects, starting with the launch of three projects: @evaaprotocol, @TonDiamonds, and @stonfidex. To support these efforts, TON Foundation will enhance the accessibility of these bug bounty programs with tailor-made launching conditions.
The collaboration underscores the importance of robust security in the blockchain space and the role of community engagement in achieving this goal. All TON Ecosystem projects are encouraged to participate in the HackenProof bug bounty platform, taking a proactive step towards fortifying their security.
For more information, visit this page.
Dive into the future of Web3 and GameFi on Telegram with today’s CoinMarketCap Live
Join today's CoinMarketCap Live to discover how TON and Telegram are putting crypto in every pocket and transforming the Web3 landscape.
Don't miss insights from John Hyman (Chief Investment Officer at Telegram), Steve Yun (President at TON Foundation), Yat Siu (Co-Founder of Animoca Brands), and Ryan Dennis (Director of Brand and Communications at TON Foundation).
Date: December 20, 2023
Time: 1 PM UTC
Click here to join the session.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,947,236 to 4,043,474 (+2.4%) between December 11 and December 17, 2023.
Ecosystem News:
▪️ Ledger hardware wallets added support for TON, allowing users to securely store Toncoin and other TON tokens (jettons) with the highest security standards. Read more here.
▪️ The introduction of Compressed NFTs (cNFTs) on TON has significantly reduced minting costs, with the @Getgems NFT marketplace releasing over 75,000 cNFTs at a fraction of the usual minting price, marking the beginning of a new era in NFT creation and accessibility. Read more here.
▪️ OKX collaborated with TON to launch the TONomania campaign, starting with Phase 1, where eligible participants can "Learn & Earn" by completing a quiz in the OKX app to win a share of the 8,000 Toncoin prize pool. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
Ledger hardware wallets now support TON
Ledger, one of the most popular hardware wallets in the world, has integrated support for TON. You can now securely store your Toncoin (TON) and other TON tokens (jettons) on Ledger hardware wallets, ensuring the highest security standards for your digital assets.
To store Toncoin and TON tokens (jettons) on Ledger devices, follow these simple steps:
▪️ Download and install Ledger Live on your computer.
▪️ Update the firmware of your Ledger Nano S / Nano S Plus / Nano X.
▪️ Install the TON Network (TON) app on your Ledger device through Ledger Live.
▪️ Access MyTonWallet and install the browser extension for Chrome or download the desktop client.
▪️ Open the extension, click 'Import from Ledger,' and connect your Ledger device.
▪️ Confirm the connection on your Ledger device and MyTonWallet.
▪️ Choose a TON account from the list and add it to your dashboard.
▪️ Navigate to the dashboard, click 'Receive,' and copy your Ledger TON address for secure transactions.
Please note, while TON NFTs can be stored on Ledger devices, they currently do not display in the wallet interface. This feature is expected to be added in the future.
For a comprehensive guide on how to store and manage your Toncoin and other TON tokens (jettons) using Ledger and MyTonWallet, refer to Ledger’s detailed blog post.
Network Notification
The Open Network upgrades are helping the network deal with increased load. TON has continued to be fully operational. From 11 am to 2 pm UTC, TON processed 2,363,002 million transactions, reaching a peak TPS of 371.
The exponential growth in network activity impacted certain services. However, most have been upgraded in the last hours and are now operating normally. Thank you for your patience as the network and its infrastructure begin to cater to the demands of mass adoption.
Normal services from centralized exchanges should resume shortly.
TON Community Weekly Digest
Here's a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.
Network Growth:
▪️ The number of registered accounts on TON grew from 3,890,436 to 3,947,236 (+1.4%) between December 4 and December 10, 2023.
Ecosystem News:
▪️ Bitget Wallet, Asia's largest all-in-one Web3 trading wallet with over 12 million users, has integrated TON Mainnet, allowing users to easily add TON. Read more here.
▪️ We gathered some of the key highlights from Gateway, TON's first in-person conference, where over 500 attendees joined to witness significant announcements and exciting developments in the TON Ecosystem. Read more here.
▪️ On December 5, 2023, TON experienced a surge in network activity due to the launch of the TON20 inscription use-case by the Tonano team, resulting in over 2 million transactions and showcasing dynamic sharding technology in action. Read more here.
▪️ The TON Blockchain experienced reduced performance due to a transaction backlog. Now, all network services are operating normally thanks to the quick response from TON validators and community projects. Read more here.
Subscribe and be the first to receive updates from the TON Ecosystem.
Transactions Delay Update
Yesterday marked a pivotal moment for our decentralized community; coming together with unprecedented collaboration. We made the necessary steps back toward the high standard of operations the TON Community expects.
The focus was stopping the transaction queue from growing, which has been achieved and meant:
▪Working with the Tonano team to pause mints and stop transaction growth.
▪Working with Fragment team to pause auctions and protect user’s digital assets.
▪Contacting +70% of all independent validators to begin upgrading using the patch provided. Any remaining validators can get in touch via this form.
▪Removed some of the poor-performing validators, running on rate-limited bandwidth.
Today, our focus is on efficiently processing the backlog in the transaction queue.
To do that we have just released a second validator upgrade here, and with faster routes of communication to +70% of validators, a resolution is near.
Track TON back to full performance in real time!
In true TON community fashion, the most necessary components are being built by the community! Tonkeeper has created a dashboard to track the network decongestion in near real-time.
You’ll see two charts on the dashboard, pictured above.
▪Chart 1 shows the cumulative amount of delayed transactions. Until it drops to zero, the network can only process very few new transactions.
▪Chart 2 shows the rate of congestion/decongestion. Values below zero indicate increasing congestion, and values above zero indicate clearance of the transactions.
In the next 10-20 hours, we expect to see an increase in the rate of decongestion as more and faster validators will join the next validation round.
https://tonviewer.com/blackout
TON20 Inscription Use-case on TON
Starting on December 5th, The Open Network (TON) experienced an incredible spike in network activity, thanks to the BRC20 Bitcoin Ordinals type of inscription use-case, called TON20, launched by the Tonano team.
Producing over 2 million transactions increased our network usage by 61 times within just half an hour. TON Community is proud to witness a creative use case take-off in TON driven by independent participants in the ecosystem.
Moreover, this sudden growth has revealed many interesting insights for our blockchain. Dynamic sharding technology worked as expected. At its peak, TON split into eleven shardchains, stabilizing at five shardchains to handle the heavy load.
At the same time, this phenomenon also revealed where the community should work to swiftly onboard the exponential increase in network activity expected in the near future. Network validators must ensure that TON is supported by hardware capable of scaling to the performance demanded by high usage.
Network Performance Delays
This peak interest also came with a severe congestion of TON network, where validation was severely delayed even though the network validators are still producing blocks.
Popular wallets like @Wallet and Tonkeeper have paused the service temporarily.
TON core developers are aware of the issues affecting users and are working on TON blockchain. An initial technical report is available here. TON core team will be providing us with a further update within the next 24 hours.
We thank you and the community for your patience and unwavering support as we go through the growing pains together, preparing for the unprecedented growth season expected in the near future.
Bitget Wallet integrates TON Mainnet
Bitget Wallet, Asia's largest all-in-one Web3 trading wallet, has successfully integrated TON Mainnet into its platform, aiming to enhance liquidity and expand the user base of The Open Network.
With over 12 million users worldwide, Bitget Wallet now allows users to effortlessly add TON with a single click, enabling seamless asset management and on-chain transactions.
Additionally, the platform is gearing up to broaden its services, incorporating support for TON Ecosystem dApps, token trading, and the introduction of candlestick chart features. Innovative TON-based products, such as the Telegram Red Packet feature, are also in the pipeline.
Bitget Wallet is committed to delivering convenient and user-friendly product experiences, paving the way to Web3 for its users. This commitment aligns seamlessly with TON's vision of building a Web3 ecosystem within Telegram, serving as a bridge between Web2 and Web3.
For additional details, refer to the official announcement here.
Port3 Network now supports SBTs on TON
The SoQuest platform, one of Port3 Network's flagship products, now supports the deployment of NFTs and Soul-Bound Tokens (SBTs) within the TON Ecosystem. Being one of the first social quest platforms on TON, Port3 has seamlessly integrated with the Tonkeeper wallet and offers task verification on-chain, enhancing transparency within the TON Ecosystem.
Port3 serves as a bridge between Web2 and Web3, building a protocol to aggregate and standardize off-chain and on-chain data. This creates a universally accessible Social Data Layer, applicable across various dApps. Also, this protocol ensures structured and readily available data, offering invaluable support for decision-making, analytics, and insights to TON projects.
TON users can now join quest campaigns on SoQuest to earn SBTs, NFTs, and more. With an impressive user base of over 900,000, SoQuest leverages rewards from partner projects, enabling users to voluntarily share their profiles across Web2 and Web3 platforms.
Port3's mission of accelerating the transition into Web3 perfectly complements TON's vision of empowering 500 million users to own their digital identity, data, and assets by 2028.
Join Port3’s official Telegram channel for the latest updates.
Six use cases for the world's fastest blockchain
On October 31, 2023, The Open Network (TON) set a new world record for the fastest and most scalable blockchain, reaching an astounding 104,715 transactions per second.
Verified by CertiK, this remarkable achievement opens doors to numerous possibilities in various sectors, aiming to bridge the gap between Web3 and Web2 and offer real-world solutions.
Solving from simple everyday to very complicated problems of people and business, TON Blockchain has multiple real-world use cases, thanks to its transaction speed and infinite scalability. Some examples include the transformation of Telegram to a global Web3 SuperApp, the gaming industry, payment infrastructure, DeFi and DEXs, supply chain management, and IoT networks.
To dive deeper into TON’s potential, read this blog post.
TON Foundation welcomes Animoca Brands as TON Blockchain’s largest validator
Animoca Brands, a Web3 leader in digital property rights for gaming and the open metaverse, now holds the crucial role of being the largest validator on TON Blockchain. Additionally, they will support third-party gaming and GameFi projects within the TON Ecosystem by providing funding, analytics, and hands-on assistance.
Before this strategic investment, Animoca Brands conducted in-depth research, resulting in two reports delving into TON's potential. They highlighted TON-based dApps' user-friendliness and the scalability of TON as crucial for community growth and TON Foundation's vision of putting crypto in every pocket. Animoca Brands also developed an analytics dashboard, offering a visual representation of TON's growth metrics.
A significant part of this collaboration is TON Play, a project facilitating the launch of TON-based games directly within Telegram, with Animoca Brands' support. TON Play simplifies blockchain game development and connects developers with Telegram's 800 million monthly active users.
This collaboration marks a major step in transitioning from Web2 to Web3, aiming to onboard the next million Web3 users and boost TON-based gaming initiatives. It also allows the 400+ Web3 projects in Animoca Brands’ portfolio to seamlessly transition to Telegram.
For detailed information, refer to this article.
Paribu lists Toncoin (TON)
Paribu, the leading cryptocurrency exchange in Turkey, has announced the listing of Toncoin (TON) on its platform, unveiling the first-ever TON/TRY trading pair. This move enhances TON's accessibility in Turkey, as users can now trade Toncoin directly with the nation’s official currency, TRY (Turkish Lira).
This also marks the first Toncoin listing on a Turkish cryptocurrency exchange. Paribu's integration with 11 Turkish banks, including the country’s leading national and private banks, offers users a fast, easy, and secure gateway to TON. CoinGecko's Top Turkey Crypto Exchanges report (2023) highlights Paribu's market dominance, securing over 50.5% of the local exchange market share.
Each Toncoin listing brings the vision of putting crypto in every pocket one step closer to becoming a reality. The significance of this particular listing is heightened, considering Turkey's prominent position in the global landscape of crypto and Web3 adoption.
You can create an account and start trading Toncoin on Paribu here.