The recent announcement of a $20 million fund dedicated to the TON ecosystem from a Centralized exchange Bitget is a significant move in the crypto space. This fund aims to support innovative projects and startups within the TON network, which has been experiencing impressive growth. Toncoin, the native cryptocurrency, peaked at $8.17 on June 14 and has seen a 400% increase since the start of 2024, driven by Telegram’s vast user base of 900 million.

The TON blockchain has recorded more active addresses than Ethereum nearly every day for a month by mid-June, highlighting its rising popularity. Additionally, the total value locked (TVL) in the ecosystem surged to $600 million due to new projects and assets like TON-based Tether (USDT), DeDust.io, and STON.fi. This substantial investment is likely to accelerate this growth, enhancing the mass adoption of crypto by providing necessary support for promising projects.

As someone invested in the future of crypto, I find this initiative a positive step towards broader acceptance and integration of digital currencies. The potential impact on the TON ecosystem and the overall crypto landscape is substantial, making it a development worth following. For more detailed insights, check out the full article [here](https://cointelegraph.com/news/telegram-ton-bitget-20-million-fund). Remember, always do your own research (DYOR) before making investment decisions