Toncoin Bridge Retirement
Event DetailsAfter four years and over 100M $TON bridged, the Toncoin Bridge will stop supporting outbound transfers from TON to Ethereum and BNB Chain starting May 10, 2025. Past transfer claims will remain accessible, and inbound bridging stays live for now, with a future sunset date TBD. The bridge was crucial in TON’s early days, enabling users to trade $TON on Ethereum and BNB Chain DEXs like Uniswap before TON had its own DeFi ecosystem. Now, with native USDt-TON, thriving DEXs, and cross-chain solutions like LayerZero, TON is ready to stand on its own [blog.ton.org]. Recent NewsTON has been on a roll lately! In April 2025, the TON Foundation appointed Maximilian Crown, MoonPay co-founder, as CEO to drive mainstream adoption, leveraging Telegram’s 900M+ user base. The network recently hit 41M active accounts and 121M Toncoin holders, showcasing massive growth [ton_blockchain X post, April 24, 2025]. Future PlansUnder Crown’s leadership, TON aims to onboard world-class IP (stickers, collectibles), make DeFi more user-friendly, and power real-world crypto payments. With gasless transactions and TON Teleport BTC already live, TON is positioning itself as a top Layer 1 blockchain, competing with giants like Ethereum and Solana [crownmax X post, April 25, 2025]. Onchain DataTON’s Total Value Locked (TVL) peaked at $740M in July 2024, now sitting at $248M—an 18x increase since January 2024. Daily active wallets reached 177K in August 2024, driven by gaming mini-apps like Hamster Kombat [dwf-labs.com, Dune Analytics]. Community SentimentThe X community is buzzing with optimism! Users like @TeaonaX and @TaofiqSz are excited, asking, “What’s $TON cooking?” while @Den_DCT sees TON leading technological progress. The sentiment is overwhelmingly positive, with many praising TON’s growth trajectory.
Toncoin
May 10