- Verb possesses $713 million in Toncoin and $67 million in cash reserves.
- Ledger Live now supports TON staking starting from just 10 tokens.
- TON’s Sharpe ratio turned positive in August, signifying positive momentum.
The Open Network (TON) is witnessing a rise in interest from both institutional and retail investors, marked by several developments that could enhance its status in the cryptocurrency realm.
A new treasury declaration amounting to $780 million by Verb Technology Company, an expanded staking service through Ledger Live, and positive on-chain indicators suggest conditions that analysts believe may catalyze the blockchain’s next significant growth stage.
These developments succeed a previous $558 million private placement and Telegram’s exclusive adoption of TON for its applications, underscoring the resources and demand gathering around the network.
Verb Technology adapts strategy with $780 million treasury
Verb Technology Company reported treasury assets surpassing $780 million, which consist of $713 million in Toncoin and $67 million in cash.
The company, which will soon rebrand as Ton Strategy Company, is the first publicly traded firm to utilize Toncoin as its principal treasury reserve asset.
This announcement came just days after the company’s $558 million private placement earlier this month, backed by over 110 institutional and crypto-native investors, with the majority of funds allocated towards Toncoin purchases.
Verb aims to acquire over 5% of TON’s circulating supply while gradually increasing Toncoin per share through reinvested cash flows, staking rewards, and effective treasury management.
Ledger Live broadens access to TON staking
In tandem, staking service provider P2P.org has unveiled native TON staking within Ledger Live.
This enhancement enables millions of Ledger hardware wallet users to stake, offering secure and non-custodial participation in the network.
The validator-led feature represents a first within Ledger Live, lowering the minimum entry requirement to 10 TON, a notable reduction from the previous threshold of 300,000 TON.
Users benefit from top-tier security standards following audits by Quantstamp and Trail of Bits.
This integration allows for staking or unstaking with activation and withdrawal times as brief as 36 hours, with current returns tracking around 4.7% annually.
On-chain metrics signify strengthening market position
CryptoQuant data reveals that TON’s Sharpe ratio improved from negative to positive in August, indicating an enhancement in risk-adjusted returns.
This is historically interpreted as a sign of sustained momentum.
Additionally, metrics such as daily active addresses indicate growth, further supporting the notion of increasing traction across the network.
Crypto analyst Crash shared on X that TON could lead in nurturing the next wave of crypto wealth, asserting, “The next fresh class of crypto millionaires will be made on TON. Not Solana or Ethereum.”
Telegram integration enhances TON’s mainstream adoption
Beyond financial and technical advancements, Telegram has incorporated TON as the sole blockchain for Mini Apps, wallets, and payments on its platform, which boasts over one billion users globally.
This integration grants TON unmatched exposure compared to most other layer-1 blockchains, firmly situating it within the mainstream digital landscape.
The amalgamation of a robust treasury, widespread retail staking opportunities, and integration into one of the world’s largest messaging apps positions TON for continued growth.
