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TON Accelerator, an incubation project for The Open Network blockchain, has launched a new program aimed at accelerating innovation and adoption within the TON ecosystem. 
On Nov. 4, the TON Accelerator team <a rel="nofollow" href="https://x.com/accelerator_ton/status/1853430794360181049" target="_blank">announced</a> the launch of a $5 million program that will see selected projects benefit from strategic support as they build on <a rel="" href="https://crypto.news/ton-blockchain-sees-significant-drop-in-daily-active-users/">TON blockchain</a>. Backing the initiative are TON Ventures and Mantle EcoFund. 
This launch comes as the Telegram-supported blockchain network continues to see significant growth, with a robust crypto gaming ecosystem driving adoption. 
As the total value locked within TON’s ecosystem grows, bullish outlooks for the Toncoin (<a rel="" href="https://crypto.news/price/toncoin/">TON</a>) token have also extended to projects such as Hamster Kombat and Catizen. 
 Read more: <a rel="" href="https://crypto.news/standard-chartered-backed-zodia-custody-aims-to-raise-50m-in-funding-round/"> Standard Chartered-backed Zodia Custody aims to raise $50m in funding round </a> 
<h2 class="wp-block-heading" id="ton-accelerator-unveils-synergy">TON Accelerator unveils “Synergy”</h2> 
As more projects target Telegram’s 950 million user base with decentralized applications on TON, the TON Accelerator has launched ‘Cohort 2.0: Synergy’ to drive further growth. 
In the initial incubation program, a $2.5 million cohort launched in September, five projects received both funding and hands-on support, with the aim of helping them transition from concept to product. 
Synergy, the latest cohort, seeks to build on this initial offering. Selected projects will receive support from a $5 million fund by TON Ventures, along with access to mentorship and guidance. Through these initiatives, TON Accelerator aims to foster cross-chain innovation and product development across both TON and the layer-2 scaling solution Mantle. 
This program will not only connect the TON ecosystem with Telegram’s nearly 1 billion users but also help unlock a potential $90 billion in cross-chain liquidity. Key areas of focus include decentralized finance, cross-chain gaming, and staking. 
Currently, the TVL in TON’s ecosystem has increased to over $707 million. Data from DeFiLlama shows that the TVL stood at around $75 million at the start of the year and reached $1.13 billion in June. 
 You might also like: <a rel="" href="https://crypto.news/ton-blockchain-mocaverse-partnership/"> TON Blockchain, Mocaverse partner to target 1.6b user market </a>

TON Accelerator unveils $5m program to drive cross-chain product growth

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