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TON Blockchain Sees TVL Rise to Over $500 Million Amid Open League Digest Season 4 and Binance Integration » The Merkle News
THE Blockchain TON is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest begins.
This period also saw a notable influx of over 1,000 applications for the Open League Hackathon, demonstrating strong interest from developers. Meanwhile, limited early bird tickets for the Gateway event are now available at discounted prices, adding to the excitement.
The Open League Digest ☕️📖
With season 4 underway, TVL on #TONNE skyrocketed to over $500 million. Over 1,000 requests have been received for the Open League Hackathon, limited early bird tickets are now on sale at a discounted price, and so much more! 🚀
Details ➡️… pic.twitter.com/My9O93RXqs
— TON 💎 (@ton_blockchain) June 21, 2024
Binance Confirms Support for $USDT Transactions on the Ton Blockchain
In a significant development, Binance announced support for $USDT transactions on the TON blockchain.
This integration allows Binance users greater flexibility in moving stablecoin liquidity to the TON blockchain, promising to improve transaction speed, reduce fees, and offer a convenient way to manage $USDT transactions.
⚡️COME ONLY: @binance now supports $USDT transactions on @ton_blockchain. pic.twitter.com/xsnWpW2wUT
—Cointelegraph (@Cointelegraph) June 21, 2024
Binance’s move to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration highlights Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem.
The collaboration between Binance and the TON blockchain is expected to drive greater adoption and usage, highlighting the growing importance of efficient and low-cost transaction solutions in the cryptocurrency space.
As the TON ecosystem continues to expand with initiatives like Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform.
This surge in TVL and strategic moves by major players like Binance demonstrate the growing confidence and interest in the TON blockchain.
With improved transaction capabilities and ongoing community involvement through events and hackathons, TON is well positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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