Wed Sep 25 03:30:05 UTC 2024: ## TON’s Future: Bitget Predicts De-Telegramization and Outperformance of Bitcoin

**Crypto exchange Bitget, a major investor in the TON blockchain, has released a report suggesting that TON will eventually move away from its heavy reliance on Telegram, a move it calls “de-Telegramization.”** The report predicts this shift will occur within the next two years to mitigate regulatory risks associated with the messaging platform.

While Telegram has been instrumental in driving adoption for TON, Bitget believes the ecosystem will gradually grow more independently, fostering a larger and more diverse user base. Despite this predicted separation, TON is expected to continue leveraging Telegram’s vast user base.

**Bitget also foresees Toncoin, TON’s native cryptocurrency, outperforming Bitcoin in the coming years.** This optimism stems from the rapid growth and adoption within the TON ecosystem, particularly through popular Telegram Mini Apps.

**In 2024, TON projects saw a surge in activity, with Total Value Locked (TVL) across its network reaching over $776 million, a 5,300% increase.** Although the TVL later dropped by 50%, it has since recovered, hitting $420 million in September.

**Bitget’s bullish sentiment is further bolstered by increasing institutional interest in TON.** The exchange predicts more institutional players will acquire Toncoin, likely through over-the-counter (OTC) transactions, further driving its growth.

**To demonstrate its commitment to TON’s future, Bitget invested $30 million in the blockchain in September.** The exchange plans to use this investment to contribute to the network’s development and governance.

**Bitget’s recent integration of the TON mainnet into its Bitget Wallet further underscores its support for the blockchain.**

**Despite prevailing challenges, Bitget remains optimistic about TON’s long-term potential, citing its strong community base and promising growth trajectory.**

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