One of those who realize this potential is Bitget, one of the leading cryptocurrency exchanges. With an announcement made on June 26, Bitget announced that it decided to support the TON ecosystem with a new fund of $ 20 million. This decision is considered an important step for the future of the TON ecosystem.

The 20 million dollar TON Ecosystem Fund, established together with Singapore-based investment company Foresight Ventures, aims to support early stage projects. In this way, it is aimed for TON-based applications and the local TON coin (TON) to grow steadily.

As highlighted in the announcement, the fund will not only support project development, but will also cover operations such as providing liquidity for TON on the Bitget platform. This strategy will ensure that TON is more traded on the market and provides easy access to users.

This move by Bitget can actually be considered as a result of the recent rise of the TON ecosystem. According to Delphi Digital’s report, Telegram’s 900 million user base lies behind the success of TON. This user base increases the number of new entrants to the cryptocurrency world and accelerates the growth of the TON ecosystem.

Data from mid-June reveals that the TON blockchain has had more active addresses than Ethereum for almost a month. This shows that interest and usage in TON is rapidly increasing.

Another indicator of the rise of the TON ecosystem is the increase in total value locked (TVL). TVL in the TON ecosystem has increased more than fivefold in the last two months due to the influx of new projects and TON-based assets such as Tether (USDT), DeDust.io, Ston.fi. This shows that the attractiveness of the TON ecosystem is increasing for both investors and project developers.

In his statement on the subject, Gracy Chen, Bitget CEO, emphasizes that the TON ecosystem is in a positive feedback loop. Chen states that the increase in the number of users, rising TVL and the appreciation of TON coin are the key elements of this cycle.

Bitget not only supports the TON ecosystem, but also contributes to the strengthening of the cryptocurrency community with innovative applications such as Telegram Signal Bot. These initiatives aim to make it easier to use cryptocurrency and improve the user experience.

Bitget’s decision to support the TON ecosystem with a $20 million fund is an important development for the cryptocurrency market. This collaboration can contribute to TON’s steady growth and becoming an important player in the cryptocurrency world. At the same time, this decision is expected to increase the interest of traditional investors in the cryptocurrency world.

The cooperation between Bitget and TON is seen as a promising step for the future of the cryptocurrency market. It is being followed with curiosity how this cooperation will take shape in the coming period and what it will bring to the cryptocurrency world.