TON Blockchain Partners with Injective and Pyth Network
The integration between TON and Injective will allow users to connect and use INJ tokens on The Open Network (TON). This means that INJ tokens can now move more freely between these networks, increasing accessibility and liquidity for users.
Additionally, TON blockchain users can now access and interact with: Decentralized Applications (dApps) Built on Injective, this cross-network compatibility opens the door to a more seamless DeFi experience.
Injective is a decentralized derivatives exchange where users can trade a variety of financial products. These products include: Synthetic AssetsGifts, and permanent swaps.
Through this partnership, Injective expands its reach and brings its trading platform to TON’s scalable and secure blockchain infrastructure. This allows traders to enjoy a wider range of options and tools while ensuring a high level of security.
one side, Pice Network We provide a decentralized oracle service that provides real-time, high-quality data feeds to decentralized applications and smart contracts. By integrating Pyth into our system, the TON blockchain will provide developers with reliable and accurate price data for DeFi projects.
This data is essential for a variety of applications, including: Decentralized Exchange And prediction markets. TON’s games and other dApps can also benefit from adding Pyth’s trusted data feed.
Role of Injective and Pyth Network
Injective and Pyth Network play a vital role in strengthening TON’s Web3 reach. Here’s a breakdown of how they contribute:
- We provide a decentralized derivatives exchange.
- Supports trading of synthetic assets, futures, and perpetual swaps.
- Expand your user base through the TON ecosystem.
- Provides distributed and real-time data feeds.
- Provides accurate price data on various assets including cryptocurrencies, stocks, and commodities.
Injective will give TON users access to advanced financial products, while Pyth’s data services will help developers create more reliable and efficient dApps.
Benefits of the TON Blockchain
The integration of Injective and Pyth Network provides several benefits to the TON blockchain.
1. Improved liquidity
Injective’s derivatives trading platform improves the liquidity of assets within the TON ecosystem, meaning traders can buy and sell tokens more easily without significant price fluctuations.
2. Accurate data feed
Real-time data from Pyth allows TON’s DeFi applications to operate with reliable price information, ensuring the smooth operation of decentralized exchanges, lending platforms, and prediction markets.
3. Wider Web3 reach
By connecting with Injective and Pyth, the TON blockchain expands its influence beyond its own network, exposing it to users and developers on other chains and further strengthening its presence on those chains. Web3 space.
Expanding the TON ecosystem
The TON ecosystem is growing rapidly, with the total value locked (TVL) growing by over 4226% in 2024. The rapid increase in TVL indicates increasing user interest and investment in the network. More users are depositing assets into TON, which improves the overall liquidity of the platform.
TON’s expansion is not only driven by integrations, but also by significant investments. Pantera Capital, a well-known venture capital firm, has invested in TON, although the exact amount has not been disclosed. This financial support underscores the growing confidence in the potential of the TON blockchain.
also, Tether (USDT) And TON is another notable development. Major stablecoin issuer Tether partnered with TON in April to provide more seamless cryptocurrency transactions. This collaboration is especially valuable for those without access to traditional banking. It helps create a borderless financial system, enabling faster and cheaper transactions through decentralized technology.