TON Blockchain Collaborates with Injective and PYTH Network to Enhance Open Finance on Telegram’s Web 3.0
This strategic partnership aims to bolster the DeFi space by leveraging the unique capabilities of each network.
Integration of TON Blockchain with Injective and PYTH Network
The integration of TON blockchain with Injective enables the seamless use of the INJ token on the open network, while users can access TON on Injective’s decentralized applications (dApps).
“This integration will provide both communities with access to new assets, introducing a variety of new utilities such as trading, asset tokenization, and on-chain lending with INJ and TON.”
Injective Protocol offers a decentralized derivatives exchange for trading various financial instruments like synthetic assets, futures, and perpetual swaps. By integrating with TON Blockchain, Injective aims to provide users with a secure and scalable trading platform.
The collaboration with PYTH Network will see PICE Oracle services integrated into TON, enhancing the availability of high-quality, real-time data for dApps and smart contracts.
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By integrating with TON Blockchain, developers will have access to reliable price data for DeFi projects, enhancing the efficiency and stability of dApps built on the platform.
Moreover, the PICE network, originally built for Solana blockchain, will expand its reach to over 70 blockchains, including TON, offering market data for various asset classes.
TON’s Drive Towards a Decentralized Digital Ecosystem
This collaboration opens up new opportunities for developers, traders, and investors looking to engage with DeFi products, ensuring seamless interoperability between networks for a broader range of financial offerings.
Furthermore, the growth in the Total Value Locked (TVL) on TON Blockchain by 4226% since 2024 underscores the increasing interest and investment on the open network.
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The investment from Pantera Capital and the collaboration with USDT issuer Tether highlight the growing prominence of TON Blockchain within the Telegram user base, fostering a borderless, efficient financial system.
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