Telegram CEO Durov’s arrest hasn’t dampened enthusiasm for its TON blockchain: https://t.co/AX2Y8HhUoR by TechCrunch #infosec #cybersecurity #technology #news
[COINTELEGRAPH] TON-based restaking protocol secures $100M institutional TVL commitment
JUST IN: $TON RESTAKING PROTOCOL @UTONIC_UTON RECIEVES $100M INSTITUTIONAL TVL COMMITMENT PER COINTELEGRAPH


The TON blockchain network has experienced significant growth and activity following the arrest of Telegram founder Pavel Durov on August 24. The 7-day moving average of transactions reached a new high of 11.62 million on September 8. Despite recent disruptions, including a seven-hour downtime during the DOGS airdrop, TON is forecasting further outages amid upcoming airdrops from Hamster Kombat and CatizenAI. Additionally, the TON-based restaking protocol has secured a $100 million institutional TVL commitment. The network has also expanded rapidly, integrating $729 million USDT in just four months, driven by low transfer fees and growing adoption in P2P transactions and decentralized exchanges. TechCrunch reports that Durov’s arrest has not dampened enthusiasm for TON.