The Open Network (TON) is experiencing renewed interest from both institutional and retail investors, bolstered by significant developments that could enhance its market presence in the cryptocurrency space. With a treasury declaration of $780 million from Verb Technology Company, integration with Ledger for staking, and improving on-chain metrics, analysts predict a potential major growth phase for the blockchain.
Verb Technology Shifts Strategy with $780 Million Treasury
Verb Technology Company recently announced a treasury exceeding $780 million, comprising $713 million in Toncoin and $67 million in cash. The company, set to be renamed Ton Strategy Company, has become the first publicly traded entity to adopt Toncoin as its primary reserve asset.
This announcement follows a private placement of $558 million earlier this month, supported by over 110 institutional and crypto-native investors, much of which was invested in purchasing Toncoin.
Verb aims to accumulate over 5% of the circulating supply of TON, while incrementally increasing its Toncoin per share through reinvested cash flows, staking rewards, and treasury management.
Ledger Live Expands Access to TON Staking
In parallel, staking service provider P2P.org has announced the launch of native TON staking within Ledger Live. This development makes staking accessible to millions of Ledger hardware wallet users, allowing secure, non-custodial participation in the network.
This validator-based solution is the first of its kind in Ledger Live, reducing the minimum entry requirement to just 10 TON, a significant drop from the native threshold of 300,000 TON.
Users benefit from institutional-level security following audits conducted by Quantstamp and Trail of Bits. The integration also facilitates staking or unstaking with activation and withdrawal times as short as 36 hours, while yields currently stand around 4.7% annually.
On-Chain Indicators Reflect Market Strengthening
According to data from CryptoQuant, TON’s Sharpe ratio shifted from negative to positive in August, signaling an improvement in risk-adjusted returns, which is historically viewed as a measure of sustained momentum.
Additionally, metrics such as daily active addresses indicate growth, reinforcing perceptions of increased traction within the network.
Crypto analyst Crash recently tweeted that TON could be at the forefront of the next crypto wealth wave, stating, “The next class of crypto millionaires will emerge on TON, not Solana or Ethereum.”
Telegram Integration Enhances TON’s Mainstream Usage
Beyond financial and technical advancements, Telegram has integrated TON as the exclusive blockchain for mini-apps, wallets, and payment systems on its platform, which boasts over one billion global users. This milestone grants TON unparalleled exposure compared to most other layer 1 blockchains, firmly rooting it within the digital ecosystem.
The combination of a substantial treasury, broader access to retail staking, and integration into one of the world’s largest messaging platforms positions TON for sustained expansion.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
