The Open Network (TON) has attracted over $400 million in venture capital investments from top firms like Sequoia Capital and Draper Associates, signaling robust confidence in its potential. With native accounts skyrocketing from 4 million to 41 million and Toncoin trading at approximately $3.77, TON aims to onboard 30% of Telegram’s 1 billion monthly active users within the next three years.
Quick Take
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Over $400 million has been invested by top-tier venture capital firms, highlighting strong market confidence in TON’s potential.
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TON’s native accounts have surged from 4 million to 41 million, with over 121 million unique Toncoin holders.
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TON leverages Telegram’s 1 billion monthly active users, aiming to onboard 30% of them in the coming years.
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Despite past volatility, Toncoin remains a top 20 cryptocurrency with a market cap of over $9 billion and a current trading price of approximately $3.77.
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The TON eocsystem’s growth strategy and massive user base integration are set to challenge traditional blockchain models, although regulatory and market challenges persist.
VCs Invest Over $400M in The Open Network (TON)
Source: X
The TON Foundation recently announced that several prominent venture capital firms have collectively invested over $400 million in Toncoin, the native cryptocurrency of the TON blockchain. This substantial investment, executed through token-based deals rather than traditional equity, reflects the confidence these firms—such as Sequoia Capital, Ribbit Capital, Benchmark, and Draper Associates—have in TON’s ability to leverage Telegram’s vast ecosystem for decentralized applications.
TON Blockchain’s User Base Soars to 41M in 2024
TON has experienced a meteoric rise in user engagement over the past year, thanks to Telegram games like Hamster Kombat, X Empire, and Catizen, with its native accounts surging from 4 million to an impressive 41 million—a tenfold increase that highlights the network’s rapid expansion. This growth is further underscored by the fact that over 121 million unique users now hold Toncoin, reinforcing TON’s position as a major player in the blockchain industry.
Notably, TON is the only crypto accepted by Telegram for app services as of January, positioning it as a critical infrastructure component within the messaging giant’s ecosystem. With Telegram boasting 1 billion monthly active users and projections to exceed 1.5 billion by 2030, TON’s integration offers an unparalleled distribution channel for decentralized applications (dApps) and mini programs, supporting innovative use cases from gaming to digital payments.
Growth in Telegram users worldwide | Source: DemandSage
The ambitious goal to onboard 30% of Telegram’s active users into the blockchain ecosystem over the next three years further underscores the strategic vision behind TON ecosystem’s expansion.
Read more: Top 7 Telegram Tap-to-Earn Crypto Games to Know in 2025
Toncoin Price Jumps 6% on Investment Announcement
TON/USDT price chart | Source: KuCoin
Following the announcement of the $400 million investment, Toncoin experienced an immediate price jump of around 6%—with its value currently trading near $3.77. Despite this surge, Toncoin had previously reached a high of over $8.00 in mid-2024 before a significant correction, yet it remains one of the top 15 cryptocurrencies with a market cap exceeding $9 billion.
These price movements, along with the surge in active accounts, indicate a growing market validation for TON’s innovative approach to merging blockchain technology with social communication.
What’s Next for the TON Network and Toncoin?
Looking ahead, TON’s strategic vision includes onboarding 30% of Telegram’s active user base within the next three years. This ambitious target, if achieved, could redefine the blockchain landscape by integrating a massive global user base into a decentralized ecosystem. However, TON also faces challenges such as market volatility and regulatory scrutiny—factors that require continuous innovation and strategic agility to sustain its momentum in an increasingly competitive environment.
As TON continues to redefine the intersection of messaging and blockchain, its substantial venture capital backing and explosive user growth position it as a formidable player in the decentralized ecosystem. With strategic goals and robust market performance, The Open Network is poised to make significant inroads into the future of digital asset integration and blockchain applications.
