Ton Ecosystem News and Research

ChainCatcher news, according to the official blog, the TON Foundation has announced the launch of a new governance model called Society DAO, aimed at promoting decentralization and enhancing its growing ecosystem. Society DAO will serve as the organizational body for core ecosystem functions, with founding members including: TON Core (core development, upgrades, and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and the wallet in Telegram (payment method).The operational model of Society DAO is as follows: Society DAO will publish the goals of the TON ecosystem; DAO members can propose relevant strategies, expected timelines, and specific key outcomes to achieve these ecosystem goals; relevant DAO members will evaluate proposals from various specialized working groups; once approved by the DAO, the foundation will provide funding for the plans, and the community team will be responsible for progress and performance.The initial goals of Society DAO include: positioning TON as a gateway for real-world cryptocurrency use cases; making TON the most stable and scalable blockchain; and developing a community of developers and users in the super app market.

ChainCatcher message, TON posted on X: "Recently we witnessed the largest airdrop in cryptocurrency history. 131 million eligible users claimed HMSTR on TON, and despite the heavy load, the TON blockchain operated smoothly.We continue to see an increasing number of users flocking in, and on-chain activity may continue to grow in the coming days. While it is still in the early stages, the success so far proves TON's resilience and its ability to support a large number of users."

ChainCatcher news, CryptoQuant analyst Shiven Moodley posted on the X platform that the TON network has shown significant growth since August 2021, with its high throughput driving the network's scalability, and its collaboration with the Telegram instant messaging platform further promoting its development. There is a noticeable gap between the market capitalization and circulating supply of the TON network, which may indicate that a considerable portion of the tokens is locked or held long-term, thus affecting the network's liquidity. Nevertheless, there is still a general correlation between market capitalization and circulating supply, suggesting that most of the circulating supply is indeed participating in market valuation.Moodley suggests using the average market cap to price ratio as a proxy indicator for measuring speculative behavior. He explained, "The divergence between market cap and price may indicate that the token's valuation deviates from fundamental indicators, while a close alignment between the two suggests a more rational market valuation."

ChainCatcher news, APRO Oracle announces seamless integration with the TON blockchain, providing TON developers with stable and efficient real-time price data, driving innovation and development in its decentralized finance (DeFi) projects.APRO Oracle's technology offers multi-layered guarantees to ensure high reliability of data under asynchronous conditions. This collaboration will help TON ecosystem developers build unique decentralized applications, supported by efficient, low-latency price data, aiding TON in attracting more users into its decentralized ecosystem.

ChainCatcher news, TON Foundation Chairman Steve Yun attended the opening ceremony of the GameOn TON Global Game Hackathon held in Singapore on September 19, co-hosted by the modular payment protocol AEON, TON Foundation, TOP, and Nomad Capital. In his speech, Steve reviewed the development of the TON ecosystem since 2017 and highly praised TON's recent performance in the market.Steve expressed gratitude to the hackathon organizer AEON, while announcing that the TON Foundation would provide support for this hackathon and encouraged developers to actively participate and seize development opportunities within the TON ecosystem. Steve emphasized that now is the best time for developers to build applications on the TON ecosystem.

ChainCatcher news, TON official announced on social media that Catizen is the first consumer-grade Web3 application with over 1 million paid users. Its token CATI will officially launch on September 20, and it has already achieved significant growth prior to this, with a total user base exceeding 39 million and monthly active users exceeding 18 million.

ChainCatcher news, the TON ecosystem Launchpad platform TonUP announced that the team has decided to voluntarily burn all tokens held by the team and allocated to advisors, accounting for 13% of the total supply. A total of 13 million UP tokens will be burned, aiming to strengthen its belief in a sustainable and deflationary model that benefits all holders.

ChainCatcher news, Bitget and Foresight Ventures announced a strategic investment of $30 million in the TON blockchain. This investment aims to strengthen the development of Telegram-based projects, focusing on click-to-earn games like Hamster Kombat and Notcoin.Bitget and Foresight stated that with this new investment, they plan to "engage more deeply in the governance and future development plans of the TON blockchain." The statement said: "This investment will be allocated through the acquisition of TON tokens."

ChainCatcher news, according to Cointelegraph, the TON Foundation has announced a partnership with the decentralized exchange (DEX) Curve Finance.This collaboration will "incubate a new stablecoin swap project based on TON" to enhance user experience and stablecoin trading on the TON blockchain. The TON-based swap project will utilize Curve's CFMM technology, which is known for minimizing price impacts on stablecoin and equivalent asset swaps.

ChainCatcher news, according to the Tether transparency page, the authorized issuance of USDT on the TON chain has exceeded 1 billion dollars, currently reaching 1,030,000,002 dollars, with approximately 309,325,516.46 dollars authorized but not issued, and a net circulation of about 720,674,485.54 dollars.

ChainCatcher message, the TON Foundation announced in a Telegram channel that the sixth season of The Open League has officially begun, with a total prize pool worth 1.2 million USD in TON. The deadline for the event is October 10. Users can mint badges and complete tasks to participate and win generous rewards.

ChainCatcher news, focusing on the TON ecosystem, the fund T-Fund has been announced. T-Fund was founded by Daniel Yang (@CryptoBoiDanny), former Head of Global Business Development at the TON Foundation. Its mission is to accelerate the development of the TON blockchain through strategic investments and comprehensive incubation support aimed at project teams within the TON ecosystem.

ChainCatcher news, according to monitoring by THE TON REPORT, the situation for TON token holders has slightly improved, with the current price at $5.26. 26% of holders are in profit, an increase from 9% six days ago. 56% of holders are still at a loss, but this is a significant decrease from 86% last week, while 18% have reached breakeven, up from 5% previously. 38% of wallets have held for less than a month, indicating an increase in recent newcomers.In the past week, the total trading volume for transactions over $100,000 was nearly $32 billion. Over the past two weeks, 56% of trades occurred during the Western trading hours, while 44% took place during the Eastern trading hours.

ChainCatcher news, the TON Foundation announced an additional $24 million worth of TON rewards to the DeFi incentive program, bringing the total to 5 million TON, which increases the total value of the program to over $75 million. The additional 5 million TON is specifically allocated to reward liquidity providers of the DeFi protocols STON.fi and DeDust, as well as the liquid staking protocols Tonstakers and Bemo on TON.