- Durov calls TON Telegram’s “backbone,” cites $400M+ VC support
- TON handles Telegram withdrawals, ad payments, NFTs, and Mini Apps
- Scalable TON shows bullish chart signals above key support, says analyst
Telegram CEO Pavel Durov declared The Open Network (TON) the “backbone” of Telegram’s growing creator economy.
His confidence finds support in over $400 million from prominent venture capital firmsβincluding Sequoia, Benchmark, Ribbit, Draper, and VY; this indicates strong institutional belief in TON’s path.
How TON Powers Telegram’s In-App Economy
Over the past year, TON has become deeply integrated into Telegram; it serves as a core financial system for content creators and mini app developers. It’s now the exclusive method for creators to withdraw earnings and the preferred way to pay for Telegram Ads in many regions.
Telegramβs in-app economy also uses TON for new features like Star Messages and tokenized digital gifts. Assets within the Telegram ecosystem, from usernames to digital gifts, are increasingly traded as TON-based NFTs. TON also is the blockchain for Telegram Mini Apps, which cements its essential role.
Why Durov Highlights TON’s Scalability
According to Durov, TON’s ability to scale sets it apart from many blockchains that struggle with high demand. Its sharding capability allows TON to handle transactions for billions of users.
Durov stresses this scalability as a key factor that provides real, fundamental value and attracts significant attention from tech and venture capital leaders.
Related: TON Price Stalling? Analyst Flags Key Resistance As Durov Uncertainty Lingers
What’s the Technical Outlook for TON Coin?
On the technical front, crypto analyst CryptoPatel noted bullish signs for Toncoin (TON) after a rebound from the $2.50 support zone, based on analysis shared March 25th.
Patel suggests TONβs bullish structure remains intact as long as the price holds above the $2.30 to $2.50 range; breakout targets discussed by analysts range from $20 to $100.
Related: TON Ventures to Merge AI and Crypto: Telegram in the Mix
As of press time, TON trades around $3.59 with a 24-hour volume near $150 million. The token holds a market cap near $9 billion with a circulating supply of approximately 2.5 billion TON, which supports liquidity across exchanges.
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