{"id":9626,"date":"2024-06-26T18:41:48","date_gmt":"2024-06-26T18:41:48","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=9626"},"modified":"2024-06-26T16:41:56","modified_gmt":"2024-06-26T16:41:56","slug":"__trashed-3","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/__trashed-3\/","title":{"rendered":"Bitget Launches $20M Fund on TON  Ecosystem"},"content":{"rendered":"\n<p>Bitget, a prominent crypto exchange, has announced a $20 million fund to support the growth of The Open Network (TON) ecosystem. This initiative, launched in partnership with Singapore-based investment firm Foresight Ventures, was revealed in an announcement shared with Cointelegraph on June 26.<\/p>\n\n\n\n<p>The TON Ecosystem Fund is designed to support early-stage projects on TON, a blockchain and cryptocurrency platform integrated with the Telegram messenger. The fund aims to facilitate project development within the TON ecosystem, providing liquidity on the Bitget platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Record-Breaking Growth in the TON Ecosystem<\/h3>\n\n\n\n<p>The TON ecosystem has seen unprecedented growth in 2024. According to Delphi Digital, Telegram&#8217;s monthly user base of 900 million has significantly contributed to the increase in crypto users. By mid-June, the TON blockchain recorded more active addresses than Ethereum almost every day for nearly a month.<\/p>\n\n\n\n<p>The total value locked (TVL) in the TON ecosystem has surged over fivefold in the past two months, reaching $600 million. This growth is driven by new projects and assets like TON-based Tether (USDT), DeDust.io, and Ston.fi.<\/p>\n\n\n\n<p>Additionally, TON\u2019s native cryptocurrency, Toncoin (TON), has hit all-time highs, peaking at $8.17 on June 14. According to CoinGecko, TON has returned more than 400% since the beginning of 2024.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Driving Mass Adoption of Crypto<\/h3>\n\n\n\n<p>Bitget&#8217;s CEO, Gracy Chen, emphasized that the new fund aims to drive mass adoption of crypto. &#8220;We are glad to see that the TON ecosystem is experiencing a positive feedback loop due to the growth in users, TVL, and token price,&#8221; said Chen. &#8220;We believe in the potential of TON and its ability to create a more equitable future. Our Telegram Signal Bot is just one example of how we are empowering the community and enhancing the user experience.&#8221;<\/p>\n\n\n\n<p>The TON Ecosystem Fund is part of Bitget&#8217;s broader efforts to integrate into the TON ecosystem. On June 25, Bitget\u2019s non-custodial wallet, Bitget Wallet, launched a support package for the TON network to connect decentralized applications within the ecosystem. Previously, Bitget introduced the Telegram Signal Bot to streamline direct trading signals across trading communities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitget, a prominent crypto exchange, has announced a $20 million fund to support the growth of The Open Network (TON) ecosystem. This initiative, launched in partnership with Singapore-based investment firm Foresight Ventures, was revealed in an announcement shared with Cointelegraph on June 26. The TON Ecosystem Fund is designed to support early-stage projects on TON, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":9627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":{"0":"post-9626","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitget Launches $20M Fund on TON Ecosystem<\/title>\n<meta name=\"description\" content=\"Bitget, a prominent crypto exchange, has announced a $20 million fund to support the growth of The Open Network (TON) ecosystem. This initiative, launched\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitget Launches $20M Fund on TON Ecosystem\" \/>\n<meta property=\"og:description\" content=\"Bitget, a prominent crypto exchange, has announced a $20 million fund to support the growth of The Open Network (TON) ecosystem. This initiative, launched\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T18:41:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/Bitget.webp?fit=800%2C480&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"Bitget Launches $20M Fund on TON Ecosystem\",\"datePublished\":\"2024-06-26T18:41:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/Bitget.webp\",\"articleSection\":[\"Altcoins\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/\",\"name\":\"Bitget Launches $20M Fund on TON Ecosystem\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/__trashed-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/Bitget.webp\",\"datePublished\":\"2024-06-26T18:41:48+00:00\",\"description\":\"Bitget, a prominent crypto exchange, has announced a $20 million fund to support the growth of The Open Network (TON) ecosystem. 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