The TON Foundation has announced the upcoming launch of TON Teleport BTC, a decentralized and trustless cross-chain infrastructure designed to facilitate secure Bitcoin transfers between Bitcoin and TON blockchains, enhancing Bitcoin's utility within the TON ecosystem. TON Market Dynamics: The number of daily active addresses on TON recently peaked at 470,000, driven by popular Telegram mini-games such as Hamster Combat, Catizen, and Notcoin. Hamster Kombat alone had over 239 million players by early July. The growth extends to TON’s DeFi sector, with the total value locked (TVL) surging from $22 million in February to $760 million, marking a 3355% increase. Future Outlook: The TON blockchain has been in its early development stages for a while. Despite the popularity of Telegram mini-apps, they have not been directly connected to the TON blockchain, resulting in a somewhat fragmented ecosystem. Currently, TON suffers from a lack of liquidity compared to other leading blockchains with TVLs in the tens of billions. Although TON’s market cap is high, its TVL is low, with an FDV/TVL ratio of approximately 46.25. Introducing BTC liquidity could significantly boost TON’s liquidity. BTC users have become more open and adaptive to off-chain scenarios and additional yield opportunities due to various BTC ecosystem innovations. Currently, BTC Layer2s have on-chain assets totaling $2.6 billion, with Merlin accounting for over 50%. The popularity of BTC staking projects like Babylon, which provides BTC holders with additional yield opportunities, indicates that users are actively exploring and utilizing DeFi opportunities across various protocols and chains. Consequently, TON's promising ecosystem can attract these substantial BTC users and their assets. Unleashing DeFi Potential: Bitcoin holders can now access DeFi applications on the TON blockchain, engaging in lending and liquidity pools, thereby generating passive income on their BTC holdings. Compared to the Bitcoin network, TON offers significantly faster transaction speeds and lower fees, providing a more cost-effective user experience. Cross-chain bridges were long dominated by centralized solutions like wBTC. Although many decentralized solutions have been gradually maturing, they have yet to achieve mass adoption. With TON’s strong momentum, we look forward to witnessing the first decentralized BTC cross-chain bridge achieving mass adoption.

#OKX Web3钱包接入的第💯条公链是 - #TON ！无需手动配置，可一键切换至TON，进行相应币种管理、转账及生态DApp交互。后续还有更多功能拓展及生态活动，敬请期待 温馨提示：请将App及插件升级至最新版本。