NEW: Pantera Invests in TON Blockchain, Aiming for Telegram User Expansion

Pantera Capital, a major player in the crypto venture space with assets totaling over $5 billion, has announced a significant investment in The Open Network (TON). Originating from Telegram, TON is a Layer 1 blockchain network championed by the open-source community. With over 900 million monthly active users on Telegram, TON is poised to push crypto into the mainstream, leveraging Telegram’s expansive user base which boasts over 1 trillion channel views each month. Additionally, Telegram has integrated Tether (USDT) payments through TON, offering a transaction fee of approximately $0.10, significantly undercutting other platforms by 66%.

The investment aligns with Pantera’s strategy to foster crypto usage through accessible, scalable networks. Recently, TON climbed to the 10th spot in global cryptocurrency rankings with a market cap of $16.8 billion. Pantera is also expanding its portfolio, raising a new $1.25 billion fund targeting a mix of startup equity and early-stage tokens. This initiative highlights Pantera’s commitment to nurturing the crypto ecosystem, amid purchasing discounted Solana tokens and planning a substantial fund close by April 2025.


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