The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway.
This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement.
The Open League Digest ☕️📖
With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀
Details ➡️… pic.twitter.com/My9O93RXqs
— TON 💎 (@ton_blockchain) June 21, 2024
Binance Confirms Support For $USDT Transactions On The Ton Blockchain
In a significant development, Binance has announced support for $USDT transactions on the TON blockchain.
This integration allows Binance users greater flexibility in moving stablecoin liquidity onto the TON blockchain, promising to enhance transaction speeds, reduce fees, and offer a cost-effective method for handling $USDT transactions.
⚡️JUST IN: @binance now supports $USDT transactions on the @ton_blockchain. pic.twitter.com/xsnWpW2wUT
— Cointelegraph (@Cointelegraph) June 21, 2024
The move by Binance to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration underscores Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem.
The collaboration between Binance and the TON blockchain is expected to drive more adoption and usage, highlighting the growing importance of efficient, low-cost transaction solutions in the cryptocurrency space.
As the TON ecosystem continues to expand with initiatives like the Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform.
This surge in TVL and the strategic moves by major players like Binance demonstrate the increasing confidence and interest in the TON blockchain.
With enhanced transaction capabilities and ongoing community engagement through events and hackathons, TON is well-positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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