Telegram's decision to support The Open Network (TON) exclusively in its Web3 ecosystem is deemed essential for security and scalability, according to Steve Yun, president of the TON Foundation. He emphasized that TON's capability to handle high transaction volumes due to its sharding design is crucial for Telegram's 950 million users. Concerns about decentralization and liquidity have arisen, but Yun reassured that TON remains permissionless and open to all. He noted that while Mini Apps will be exclusive to TON, Telegram will continue to support various blockchains for its bots, maintaining flexibility for builders. Yun views the partnership as a positive indicator for TON's growth, suggesting that an increase in services offered through Telegram could attract more developers to the platform. Despite a recent downturn in Toncoin's market capitalization and total value locked, Yun remains optimistic, having initiated a $100 million fund to stimulate decentralized finance projects within the TON ecosystem. He advocates for a focus on developing scalable decentralized products as a path to recovery.

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