Hamster

Stablecoin

Hamster Kombat

Swap

Catizen

The Open Network (TON) Foundation&nbsp;<a style="text-decoration:none" href="https://x.com/ton_blockchain/status/1836010377639079967">announced</a> a strategic partnership with Curve Finance, a leading decentralized exchange (DEX). This collaboration focuses on launching a new stablecoin swap project on the TON blockchain, aiming to enhance stablecoin trading and boost liquidity across the network.
This partnership will combine the expertise of both TON and Curve Finance, reportedly setting the stage for more efficient and accessible stablecoin transactions.
<h2 dir="ltr" id="span-span-ton-and-curve-finance-collaboration-span-span">TON and Curve Finance Collaboration</h2>
The primary goal of this collaboration is to simplify stablecoin swaps, ensuring smoother trades with minimal price slippage. By leveraging Curve’s advanced technology, TON aims to create a seamless and efficient environment for stablecoin trading on its blockchain.
&nbsp;
Key features of the TON-Curve Finance initiative include:
<ul>
 <li>Stable Swap Project: The new project will be built on Curve’s CFMM technology, known for its ability to maintain low slippage during trades. This feature will benefit users by providing efficient and cost-effective stablecoin transactions.</li>
 <li>Independent Development Team: The collaboration will involve an independent development team selected by both TON and Curve Finance. This team will work closely with both organizations to ensure the project aligns with community needs and standards.</li>
 <li>Michael Egorov’s Advisory Role: Curve Finance’s founder, Michael Egorov, will serve as an advisor to the project, bringing his vast experience in protocol mechanics and strategy to the table.&nbsp;</li>
 <li>Airdrop for veCRV Holders: To further engage the community, the initiative will airdrop a portion of the native tokens from the new project to veCRV holders, ensuring that early supporters are rewarded for their contributions.</li>
</ul>
<h2 dir="ltr" id="span-span-meeting-the-growing-demand-for-stablecoins-on-ton-span-span">Meeting the Growing Demand for Stablecoins on TON</h2>
Since the launch of USDT on TON, the token has achieved a net circulation of&nbsp;<a style="text-decoration:none" href="https://x.com/ton_blockchain/status/1835727096355930412?t=xfAYPqgfEH6f2XPMAcWmPQ&amp;s=19">$720.6 million</a> within just four months. This growth shows the increasing appetite for stablecoins within the TON ecosystem.
&nbsp;
However,&nbsp;<a style="text-decoration:none" href="https://www.bitget.com/blog/articles/bitget-research-report-ton-ecosystem">Bitget's new report</a> on The Open Network (TON) shows that mini-apps such as Hamster Kombat (HMSTR) and Catizen (CATI) have been the biggest draws for Telegram's blockchain ecosystem.&nbsp;
&nbsp;
Hamster Kombat traffic is mainly concentrated in Russia (22.18%) and India (19.63%), the report states.

TON Foundation Partners with Curve Finance to Launch Stablecoin Swap Project

Table of Contents

BSCN

Other articles published on Oct 2, 2024

Binance Announces Scheduled Maintenance for Automated Investment System

BingX Exchange Hit by $26M Crypto Theft: Report

Wall Street Hedge Fund Takes Entry in Crypto; Onchain Trends Show Accumulation of These 3 Altcoins

XRP Price Plunges 6% As Bitwise Files For An XRP ETF And Top Analyst Says This New ICO Might Be T...

Hut 8 Shares Traded at $12.20 While Debt Converted at $16.395

Global liquidity is exploding: What this means for Bitcoin, inflation, and your crypto wallet

Join our free newsletter for daily crypto updates!