TON Blockchain Collaborates with Injective and PYTH Network to Enhance Web 3.0
The integration of Injective (INJ) and PYTH Network (PYTH) with TON Blockchain aims to advance the Web 3.0 ecosystem and adapt to the evolving landscape of open finance. This strategic partnership is poised to bolster the DeFi space by harnessing the unique strengths of each network.
Enhancing DeFi Capabilities with Injective and Pice Network
The collaboration between TON Blockchain and Injective enables seamless integration of the INJ token on the open network, allowing users to leverage TON in Injective’s decentralized applications (dApps). This integration opens up new possibilities for users, including trading, asset tokenization, and on-chain lending functionalities.
“This integration will provide both communities with access to new assets and utilities that were previously unimaginable. Leveraging INJ and TON will enable innovative features such as trading, asset tokenization, and on-chain lending.”
Injective Protocol, known for its decentralized derivatives exchange, broadens its offerings by integrating with TON Blockchain. This collaboration aims to provide users with a secure and scalable trading experience across various financial instruments.
On the other hand, the partnership between PICE Network and TON Blockchain brings PICE Oracle services to the TON ecosystem. The PYTH Network, a decentralized oracle network, provides real-time data sources for dApps and smart contracts, enhancing the reliability of price data for DeFi projects.
Empowering Developers with Reliable Data Sources
Through the integration with TON Blockchain, developers gain access to accurate market data, enhancing the efficiency and stability of dApps on the platform. The PICE Network, originally designed for the Solana blockchain, extends its reach to over 70 blockchains, including Ethereum and now TON, to provide comprehensive market data for various assets.
By combining the infrastructure of TON Blockchain with the capabilities of Injective and Pice networks, users can enhance liquidity and security in their DeFi activities, paving the way for a more robust decentralized financial ecosystem.
TON’s Growth Trajectory and Contributions to Web 3.0
The total deposit volume (TVL) of TON Blockchain has surged by 4226% since 2024, signaling a growing interest and investment in the open network. This growth underscores the platform’s potential to contribute to a decentralized and interconnected digital ecosystem.
Additionally, strategic investments from firms like Pantera Capital and collaborations with key players like Tether underscore TON’s commitment to fostering a borderless financial system through decentralized technology. These partnerships aim to improve accessibility and transaction efficiency for a broader user base.
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