Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto

    Robinhood Launches Tokenized Stock Trading Platform for EU Users

    Robinhood is going into the future of financial markets with its latest…

    By
    Jane Omada Apeh
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    MarketCryptoNews
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    May 8, 2025
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    NewsCrypto
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    May 8, 2025
    SOL Strategies Solana
    NewsCryptoMarket
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    May 8, 2025
  • Cryptocurrency
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    6 Min Read
    SOL Strategies Solana
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    6 Min Read
    Jack Mallers' Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    Jack Mallers’ Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
News

TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi

TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
Ezeudo Nwosu
Last updated: August 15, 2024 4:59 pm
By
Ezeudo Nwosu
Published August 15, 2024
6 Min Read
Share

Pyth Network has recently announced a strategic collaboration with The Open Network (TON) to deliver high-quality, real-time data to the expanding TON ecosystem. 

Contents
Pyth and TON Forge a New PartnershipToncoin (TON) Experiences Notable Price SurgeKey Drivers of TON’s Price GrowthTON’s Expanding Ecosystem and Adoption

 

In a statement, Pyth asserted, “Pyth’s pull oracle is designed to elevate the developer experience on TON by providing applications with the fastest, most efficient, and most reliable data available in Web3.”

TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi

Pyth and TON Forge a New Partnership

At the core of this cooperation is Pyth’s Oracle service, which will be available to developers in the TON blockchain now. This integration is believed to greatly improve the utility of apps that are built on the TON blockchain, particularly in the areas of DeFi and gaming. Therefore, Pyth’s real-time prices will help DeFi projects facilitate other financial services at the needed pace and precision to users from around the globe. In the gaming sector for example, the detailed data feeds from Pyth could significantly transform the way engaging and viable games are created.

 

This partnership comes at a time when TON has been experiencing rapid growth in terms of user numbers, often due to terminal games that are implemented within the framework of the Telegram messaging application. TON has already entered the market with a total value locked of more than 600 million and it’s paving itself up as a key player in the space. Pyth Network, which was designed for the Solana community, is now integrated with over 70 blockchains with the reported trade volume going past half a trillion dollars.

Toncoin (TON) Experiences Notable Price Surge

On August 15, 2024, Toncoin (TON) witnessed significant price gains, largely attributed to its recent inclusion in the Binance Launchpool platform. Over the last ten days, the cryptocurrency has climbed in value remarkably, marking its highest level in nearly four weeks. According to data from Cointelegraph Markets Pro and TradingView, TON surged from a low of $4.78 on August 5 to an intraday peak of $7.26 on August 14, reflecting an over 51% increase. By the time of publication, TON was trading at $6.98—a 10% increase within the preceding 24 hours.

 

As the eighth-largest cryptocurrency, TON holds a market capitalization exceeding $17.67 billion, with trading volume surging more than 90% in just one day, signaling robust demand across the market. 

TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi

Key Drivers of TON’s Price Growth

The price appreciation of Toncoin was triggered by its announcement as the 56th project to be featured on Binance Launchpool. Users can now stake BNB and FDUSD to earn TON tokens, a move that has generated excitement within the trading community. Subsequently, the token experienced another spike after being listed for spot trading on Binance on August 8, where it rose over 14% within a single day, having previously been limited to futures trading only.

 

The recent partnership between The Open Network and Pyth Network also contributed to the upward momentum of Toncoin’s price. The integration of Pyth’s pull oracle service into the TON ecosystem will allow developers to make on-demand price data requests, enhancing their applications’ appeal and utility. 

 

Michael Cahill, CEO of Douro Labs and a key contributor to Pyth, noted that the price feeds are safeguarded by multiple layers of protection, instilling confidence in TON developers and supporting ecosystems looking to create cutting-edge DeFi solutions that could cater to millions.

TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi
TON Collaborates with Pyth Network to Enhance Real-Time Data Feeds for Gaming and DeFi

 

TON’s Expanding Ecosystem and Adoption

This is in line with TON’s continuous growth as a platform, with more users flocking to the platform and engagement in casual gaming on Telegram. Statistics derived from the last three months also show that the daily active addresses (DAA) and daily transactions on TON are higher compared to the Ethereum network. 

 

According to statistics provided by DefiLlama, TON had a TVL increase of about 3,290%, rising from $22.92 million on March 1 and soaring to a record of $776.6 million by July 20. Today the total value locked in TVL equals $597.95 million, it has shown increased user engagement with TON network, which, in turn, increases the demand for Toncoin within its blockchain system.

 

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Experts Warn: Bitcoin May Face Risks Even Beyond $100,000!

Major Shake-Up! U.S. Presidential Election Uncertainty Hits Crypto ETFs Hard

ETH Whales on the Move: Accumulating or Selling? Market Signals Unveiled

Hackers Move 250 BTC to New Wallets: Lazarus Group Linked to DMM Bitcoin Hack

Crypto Cold Feet: Elliott Management Warns Against Trump’s Crypto-Friendly Policies

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
Previous Article Social Media Authenticity in Focus as FTC bans fake likes and followers Social Media Authenticity in Focus as FTC bans fake likes and followers
Next Article BitBoy Predicts XRP Price to Hit $52 with $6T Market Cap BitBoy Predicts XRP Price to Hit $52 with $6T Market Cap
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English