KEYTAKEAWAYS
- Binance to list four new TON spot trading pairs on Thursday.
- TON blockchain reports 5.8 million monthly active wallets, benefiting from Telegram's vast user base.
CONTENT
The world’s largest crypto exchange announces new TON trading pairs as the blockchain sees a surge in user activity, driven by Telegram’s mini-app games and strategic partnerships. This move signals growing mainstream adoption of the TON ecosystem.
Binance, the global leader in cryptocurrency exchanges, is set to expand its Toncoin (TON) offerings with four new spot trading pairs launching on Thursday at 10 a.m. UTC. The pairs include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY, marking a significant milestone for the TON blockchain’s integration into mainstream crypto trading.
This development comes as the TON blockchain experiences unprecedented growth, reporting 5.8 million monthly active on-chain wallets. This surge in activity is largely attributed to its close collaboration with Telegram, the popular messaging app boasting 950 million users.
Binance’s announcement emphasizes the innovative nature of TON, applying a “seed tag” to the token. This requires users to pass periodic risk awareness quizzes, underlining the potential volatility associated with newly listed assets. The exchange has waived the listing fee for TON, setting it at 0 BNB.
The TON blockchain’s recent popularity surge is closely tied to the rise of Telegram mini-app games like Notcoin and Hamster Kombat. These tap-to-earn games have significantly boosted user engagement, with daily active addresses reaching a seven-day moving average of over 444,000 as of August 7.
>> Also read: Notcoin’s Breakthrough: What Can We Learn from Its Success?
Further solidifying its position in the crypto ecosystem, TON has secured strategic partnerships that enhance its utility. In February, Telegram announced an ad revenue sharing model paid out in TON, while Tether’s launch of USDT on the TON network in April quickly saw its supply exceed $500 million.
These developments have catapulted Toncoin into the top ten cryptocurrencies by market capitalization, currently valued at $15.8 billion – more than doubling since the start of 2024.
As Binance opens new trading avenues for TON, the move signals growing confidence in the blockchain’s ecosystem and its potential for further mainstream adoption.
>> Also read:
- Top 10 Promising Projects in the TON Ecosystem
- Telegram Surges to 950M Users, Driven by Crypto Gaming Boom
- These Limitations of TON May Make It Difficult to Become the Next SOL or ETH
