Rise of Telegram-Friendly Chain Spurs Talk of Crypto Super App

July 5, 2024, 10:00 PM UTC

One of the top performers in crypto this year is a project with ties to Telegram Messenger LLP, a rival to WhatsApp whose blockchain plans have previously drawn the ire of US regulators.

The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.

With access to Telegram’s 900 million monthly active users through a partnership, the value of assets locked on TON surged 1,400% this year to briefly top $1 billion. The blockchain’s token has broken into the top 10 by ...

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