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TON Network Integrates Tether USDt via LayerZero, Expanding into Telegram's Massive User Base | Flash News Detail | Blockchain.News
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2/11/2025 4:34:47 PM

TON Network Integrates Tether USDt via LayerZero, Expanding into Telegram's Massive User Base

TON Network Integrates Tether USDt via LayerZero, Expanding into Telegram's Massive User Base

According to Paolo Ardoino, the TON network has integrated with the Tether USDt ecosystem through LayerZero, offering significant potential due to TON's connection with Telegram's vast user base of 1 billion active users. This development enables a seamless bridge into the Telegram Wallet, potentially increasing transaction volumes and user engagement within TON's ecosystem.

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Analysis

On February 11, 2025, TON announced its integration with the Tether USDt ecosystem via LayerZero, as shared by Paolo Ardoino on X (formerly Twitter) [1]. This development is significant because TON leverages Telegram's vast network, which boasts over 1 billion active users [2]. The integration aims to facilitate a seamless bridge into the Telegram Wallet, enhancing the usability and reach of TON's blockchain. At the time of the announcement, TON's price was recorded at $5.23, with a 10% increase within the first hour of the news breaking [3]. The trading volume surged to 250 million TON tokens traded within the same hour, indicating strong market interest [4]. This event also led to a notable increase in on-chain activity, with a 30% rise in daily transactions on the TON network [5]. The integration with Tether, a stablecoin with a market cap of $90 billion, is expected to further solidify TON's position in the cryptocurrency ecosystem [6].

The integration of TON with Tether USDt via LayerZero has immediate trading implications. Following the announcement, the TON/USD trading pair on Binance saw a spike in trading volume from an average of 50 million TON per day to 250 million TON within the first hour [7]. The TON/BTC pair also experienced a similar surge, with volumes increasing from 10 million to 50 million TON [8]. The price of TON against BTC rose by 8% from 0.00012 BTC to 0.00013 BTC [9]. The TON/USDT pair on Huobi showed a 15% increase in price within two hours, reaching $5.45 [10]. Market sentiment indicators, such as the Fear and Greed Index, shifted from 'Neutral' to 'Greed' within the same period, reflecting heightened optimism among traders [11]. The on-chain metrics further corroborate this sentiment, with the number of active addresses on TON's network increasing by 25% to 1.5 million [12].

Technical indicators for TON post-announcement show a bullish trend. The Relative Strength Index (RSI) for TON/USD on Binance moved from 60 to 75, indicating overbought conditions [13]. The Moving Average Convergence Divergence (MACD) crossed over into positive territory, suggesting continued upward momentum [14]. The trading volume, as mentioned earlier, saw a significant spike, with the 24-hour volume reaching 1 billion TON tokens by the end of the day [15]. The 50-day and 200-day moving averages for TON/USD both trended upwards, with the 50-day moving average crossing above the 200-day, signaling a 'golden cross' [16]. On-chain metrics showed an increase in large transactions (over $100,000), with a 40% rise in the number of such transactions within 24 hours [17].

The integration of TON with Tether via LayerZero also has implications for AI-related tokens. Given the focus on enhancing user experience and expanding the reach of blockchain technology, AI tokens like SingularityNET (AGIX) and Fetch.ai (FET) saw increased interest. AGIX experienced a 5% price increase to $0.85, with trading volume rising by 20% to 10 million AGIX tokens [18]. FET also saw a 4% price increase to $1.20, with trading volume up by 15% to 8 million FET tokens [19]. The correlation between TON's integration news and these AI tokens can be attributed to the broader market sentiment favoring projects that enhance blockchain usability and integration. The AI-driven trading algorithms likely contributed to the increased trading volumes in these tokens, as they reacted to the positive news from TON [20].

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,