In just a few months of 2024, the performance of The Open Network (TON) blockchain increased 10 times. TON is considered one of the most efficient networks in the decentralized finance (DeFi) sector. Thanks to integration with the Telegram messenger and new partnerships, blockchain activity is growing at an unprecedented pace. However, with the introduction of AI-powered trading bots like BITBOT, a new era of efficiency and precision has dawned upon traders. In addition, similar to how elevators reshaped city skylines, AI automated trading is poised to revolutionize the markets, and BITBOT aims to lead this transformative movement.
Rapid Development of The Open Network (TON)
According to DefiLlama, the total value of locked funds (TVL) of TON is currently $206.9 million. Over the past month alone, the figure has jumped by 46%.
As of January 2024, TVL TON was valued at $13.5 million. That is, in less than six months, the total value of locked funds in the ecosystem protocols jumped more than tenfold, or by 1,432%.
The price of the ecosystem’s native coin, Toncoin (TON), increased by more than 180% over the same period of time. Moreover, back in January, the asset price was $2.08, while now it is $6.46, according to Coinmarketcap.
What Influenced The Growth of The Open Network Ecosystem?
A number of events contributed to a significant jump in activity in TON. However, since the beginning of 2024, the project developers have entered into several partnerships at once, and also expanded the capabilities of the blockchain within Telegram.
-The TON Society developer community has begun collaborating with the HumanCode protocol. However, as part of the collaboration, the platforms will introduce a mechanism for confirming identity by palm in Telegram. In addition, against the backdrop of this news, Toncoin updated its all-time high in early April.
-TON Foundation has partnered with HashKey to improve the accessibility of cryptocurrency services for the Asian crypto community.
-Telegram has integrated payments into TON. Content creators will now be paid for advertising in the Toncoin cryptocurrency.
-The largest stablecoin on the market from Tether, USDT, appeared on the TON blockchain.
-Investment giant Pantera Capital announced significant investments in The Open Network. Representatives of the venture capital company did not disclose the amount, but stated that this investment is the largest in the history of the company.
In addition, amid the hype around memcoins, the TON team presented the Memelandia project. Thanks to it, developers were able to create “meme” coins on The Open Network. On the other hand, the popularity of the Web3 app Notcoin has also had a huge impact on the ecosystem . Yesterday, May 16, the project launched the long-awaited NOT token . In less than 24 hours, the asset trading volume exceeded $1.4 billion .
BITBOT: Streamlining Trading with AI Precision
BITBOT AI brings immediate and precise trade execution to the fingertips of traders, right within the familiar environment of Telegram. Moreover, its utilizing natural language processing (NLP), BITBOT understands and executes trading commands seamlessly, ensuring no opportunity is missed in the dynamic crypto market. By automating complex decisions and actions, BITBOT eliminates human error and expands the scope of assets traders can engage with, making it an indispensable tool in the era of hyper-financialization.
Empowering Traders with Real-Time Insights
In today’s information-rich landscape, access to real-time market insights is invaluable. BITBOT AI serves as an on-the-go analyst, providing traders with direct access to comprehensive market updates and top-performing coins instantly. In addition, through advanced market sentiment analysis, BITBOT leverages AI to gauge market sentiment accurately, identifying potential high-yield investments and opportunities for exponential gains.
Seamlessly integrated with Telegram, BITBOT offers a smooth and intuitive trading experience, empowering traders to make informed decisions and navigate the ever-evolving crypto market with confidence.
