2024

Toncoin

Arkham

Foundation

Toncoin resumed growth behind investments from venture capital firm Pantera Capital. 
Launching several initiatives at once, Toncoin (<a href="https://crypto.news/price/Toncoin/" target="_blank" rel="">TON</a>) rose in price by 7% over the past 24 hours to $5.15, recovering after several weeks of decline. 
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The renewed growth comes&nbsp;shortly&nbsp;after Pantera Capital <a href="https://panteracapital.com/blog-investing-in-ton-network/" target="_blank" rel="">announced</a> an investment in The Open Network blockchain. However, the investment amount is unspecified. 
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 “We believe the TON network is still in its early stages, and we are excited to witness the adoption of its ecosystem and new features by the Telegram user base.” <cite>Pantera Capital</cite>
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Pantera Capital notes that the platform is still in the early stages of development. However, the VC firm is looking to further&nbsp;ecosystem development&nbsp;and assist with adopting new functionality. 
Pantera believes that integration with exchanges and other financial services is gradually taking place, facilitating access to the ecosystem. 
 You might also like: <a href="https://crypto.news/ton-foundation-allocates-11m-toncoin-to-reward-usdt-users/" rel=""> TON Foundation allocates 11m Toncoin to reward USDT users </a> 
In addition, TON developers announced the&nbsp;platform’s integration&nbsp;with the on-chain analytics service Arkham Intelligence. 
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 🤝 <a href="https://twitter.com/ArkhamIntel?ref_src=twsrc%5Etfw" target="_blank" rel="">@ArkhamIntel</a> has joined forces with <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#TON</a>! Soon, 900M <a href="https://twitter.com/telegram?ref_src=twsrc%5Etfw" target="_blank" rel="">@telegram</a> users will be able to access Arkham data seamlessly through a Telegram Mini App. Arkham will also include TON support on their platform! 💎 Learn more ⬇️ <a href="https://t.co/j1WqvMEbN4" target="_blank" rel="">https://t.co/j1WqvMEbN4</a>— TON 💎 (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1786034367552245970?ref_src=twsrc%5Etfw" target="_blank" rel="">May 2, 2024</a>
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 “Telegram users&nbsp;will be able to&nbsp;access Arkham data seamlessly through a Telegram Mini App. Arkham will also include TON support on their platform!” <cite>TON team</cite>
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Earlier in April, USDT <a href="https://crypto.news/tag/stablecoin/" target="_blank" rel="">stablecoin</a> issuer Tether <a href="https://crypto.news/ton-jumps-17-as-tether-mints-10m-in-usdt-on-ton-blockchain/" target="_blank" rel="">added</a> support for The Open Network blockchain. The corresponding functionality has appeared in the Telegram Wallet. In the same month, TON developers <a href="https://crypto.news/ton-to-significantly-reduce-commissions-on-transactions/" rel="">announced</a> a&nbsp;2.5-fold reduction in commissions. 
 You might also like: <a href="https://crypto.news/tons-total-value-locked-triples-in-month-crossing-148m-mark/" rel=""> TON’s total value locked triples in month, crossing $148m mark </a>

Toncoin’s price recovery: Nabs Pantera Capital investment, Arkham partnership

crypto.news

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