The Open Platform (TOP), a leading app developer on Telegram's blockchain project The Open Network (TON), has raised $28.5 million in a Series A funding round, valuing the company at $1 billion. The round was led by Ribbit Capital with participation from Pantera Capital and involved the sale of 5% equity. TOP is recognized as the first unicorn within the TON ecosystem and focuses on building TON-powered tools integrated into Telegram, including a non-custodial wallet, NFT marketplace, decentralized exchange (DEX), blockchain games, and AI applications. This funding brings TOP's total capital raised to over $70 million. Separately, stablecoin startup Agora completed a $50 million Series A round led by Paradigm with participation from Dragonfly. Agora offers white-label stablecoin issuance services based on its AUSD stablecoin, which is pegged to assets like the US dollar and includes revenue-sharing features.