### Bybit Highlights TON's Collaboration with Telegram for Web3 Expansion
Bybit, the second-largest cryptocurrency exchange by trading volume, has released a report shedding light on the progress of **The Open Network (TON)** in its partnership with Telegram. According to a press release shared with crypto.news, this collaboration aims to onboard up to **500 million users** into the Web3 space by 2028. TON, leveraging Telegram’s vast user base of nearly one billion, is working to integrate decentralized applications (dApps) directly into the messaging platform.
### Replicating WeChat's Success with Web3
The report suggests that TON's integration with Telegram could follow a similar trajectory to WeChat’s success with Mini Programs in China. By offering dApps within the Telegram platform, TON has the potential to emerge as a leading force in **Web3 adoption**. The exchange highlighted some impressive statistics, including **280,000 daily active users** and **800,000 daily transactions** on the TON network. Toncoin, the native cryptocurrency of the network, has seen a meteoric rise, surging over **200% in 2024**, making TON the fifth-largest **Layer-1 blockchain** by market capitalization at **$17.5 billion**.
### TON's Web3 Strategy and Growth
A key component of TON's Web3 strategy is the integration of the **TON Space wallet** and **Telegram Mini-Apps**, which include casual, crypto-rewarding games. Since November 2023, this approach has led to the creation of more than **six million accounts**. Telegram’s Mini-Apps, easily accessible within the app, offer “**Tap-to-Earn**” games like **Notcoin** and **Hamster Kombat**, where users can earn crypto rewards through gameplay. Additionally, DeFi-focused Mini-Apps are gaining traction, allowing users to participate in trading and staking.
By embedding Web3 functionality into a widely-used platform like Telegram, **TON** is aiming to seize a significant opportunity to drive mainstream adoption of digital assets and decentralized finance.
