- TON and Curve Finance Collaboration
- Meeting the Growing Demand for Stablecoins on TON
- Bitget Report on TON
The Open Network (TON) Foundation announced a strategic partnership with Curve Finance, a leading decentralized exchange (DEX), to launch a stablecoin swap project on the TON blockchain.
TON and Curve Finance Collaboration
The primary goal of this collaboration is to simplify stablecoin swaps, ensuring smoother trades with minimal price slippage. The initiative includes launching a Stable Swap project built on Curve's CFMM technology, known for its low-slippage trades. The project will involve an independent development team selected by both TON and Curve Finance. Curve Finance's founder, Michael Egorov, will serve as an advisor to the project. The initiative will also airdrop a portion of the project's tokens to veCRV holders.
Meeting the Growing Demand for Stablecoins on TON
Since the launch of USDT on TON, the token has achieved a net circulation of $720.6 million within four months. This growth indicates the increasing interest in stablecoins within the TON ecosystem.
Bitget Report on TON
According to Bitget's new report on The Open Network (TON), mini-apps such as Hamster Kombat (HMSTR) and Catizen (CATI) have been the biggest draws for Telegram's blockchain ecosystem. Hamster Kombat traffic is concentrated in Russia (22.18%) and India (19.63%).
The partnership between TON and Curve Finance aims to enhance stablecoin exchanges and boost liquidity on the TON network, reflecting the growing interest in such projects within the ecosystem.
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