The Open Network (TON) has announced a strategic partnership with the decentralized data oracle Pyth Network, aiming to elevate data delivery capabilities for developers on the TON blockchain. This collaboration will integrate Pyth’s cutting-edge oracle data feeds, empowering TON developers to build innovative decentralized applications (DApps) with enhanced functionality.
Pyth’s oracle technology stands out for its ability to provide real-time, institutional-grade price data, a critical element for constructing robust decentralized finance (DeFi) applications on the TON platform. The security of Pyth’s price feeds is reinforced by multiple layers of protection, ensuring reliability and allowing developers on TON and other supported ecosystems to confidently create DeFi solutions designed to serve millions of users.
The partnership is poised to significantly impact the TON ecosystem, particularly in the DeFi sector. With Pyth’s high-fidelity, real-time pricing data, projects on TON will be able to offer improved financial services, leveraging the platform’s rapid transaction speeds. This collaboration will also support TON’s broader initiative to attract and onboard users by enhancing the overall user experience with Pyth’s low-latency data capabilities.
In addition to this partnership, TON has recently integrated with IntoTheBlock (ITB), a provider of on-chain analytics and DeFi services. This integration grants the TON community free access to advanced analytical data, fostering deeper insights into the blockchain’s ecosystem and promoting transparency and user engagement.
Pyth has also extended its expertise across other blockchain networks, collaborating with DeFi-focused teams like Morpho and Gauntlet on Ethereum and Base blockchains to enhance lending and borrowing experiences.
Meanwhile, Telegram, a key player in the TON ecosystem, has introduced a new digital payment feature called “Telegram Stars,” enabling users to make in-app purchases on both iOS and Android platforms. This feature comes amidst the growing popularity of Telegram’s mini apps, with millions of users joining daily.
One such app, Hamster Kombat, has gained significant traction, becoming the most popular channel on Telegram by user count. Additionally, Pixelverse, a Web3 Telegram-based gaming ecosystem, recently secured $5.5 million in a capital raise, with investments from prominent figures in the crypto and Web3 gaming sectors, including Delphi Ventures, Merit Circle, and Mechanism Capital.
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