Bloomberg: One of the fastest-growing projects in the crypto space this year is TON

ChainCatcher news, according to Bloomberg, one of the fastest-growing projects in the cryptocurrency space this year is The Open Network (TON), a project related to Telegram. Telegram's previous blockchain plans had drawn the ire of U.S. regulators.

By partnering with Telegram to attract its 900 million monthly active users, TON's TVL skyrocketed by 1400% this year, briefly surpassing $1 billion. According to data tracked by DeFiLlama and CoinGecko, since January, TON's market capitalization has increased to nearly three times its previous value, making it into the top ten.