Market maker DWF Labs joins the TON network as validator

Last year, the company invested $10 million in the project

04.12.2023 - 14:31

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What’s new? Market maker DWF Labs has launched two validator nodes on the TON blockchain. Earlier this year, the company provided financial support to organize the TON hackathon in South Korea, and last year invested $10 million in the project, which was aimed at creating an over-the-counter TON token market for large players. DWF officials note that the launch of additional validators will help strengthen the decentralization of the network.

Press release

What else is known? The DWF noted that TON’s achievements over the past year show the blockchain’s ability to take the lead. For example, in September, the TON team began working with Chinese technology holding company Tencent’s cloud service to support developers of Web 3.0 applications and also announced the launch of a non-custodial wallet on the Telegram messenger.

In addition, in November, the developers conducted a public performance test, which resulted in the blockchain setting a world record with a peak speed of 104 714 transactions per second (TPS), well above the results of other networks and payment systems Visa and Mastercard. Meanwhile, an increase in the number of validators will raise TPS to several million.

Animoca Brands invests in TON and becomes the network’s largest validator

As part of the partnership, the parties will engage in the development of blockchain gaming

In the same month, TON and the GameFi org platform entered into a partnership to advance blockchain gaming.

As of December 4, the native token TON ranks 80th in the rating of cryptocurrencies with a capitalization of $613,5 million and is trading at $2,37, having lost 1,6% per day. The weekly drop amounted to 0,8%.

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