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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
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  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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The Open Platform (TOP) raised $28.5 million

The Open Platform (TOP) raised $28.5 million to expand TON blockchain ecosystem

https://icn.live/wp-content/uploads/2025/07/The-Open-Platform-TOP-raised-28.5-million.mp3
  • by ICN.live
Amira Khalil

The Open Platform (TOP) raised $28.5 million in an extended Series A funding round led by Ribbit Capital.

This latest round pushes TOP’s total capital raised to $70 million and gives it a unicorn valuation of $1 billion. The momentum highlights growing investor interest in Telegram’s blockchain network, The Open Network (TON), which supports a range of crypto-based games and apps.

The Open Platform (TOP) raised $28.5 million with support from Pantera Capital, solidifying its role in the TON ecosystem. With this capital, TOP aims to expand globally, launching new portfolio companies in the U.S., the EU, and other strategic markets. The firm is also preparing for regulatory hurdles by investing in licensing and compliance infrastructure.

TOP serves as a launchpad for developers working on TON-based applications. These include highly popular crypto games like Hamster Kombat and Notcoin. By integrating the TON blockchain with Telegram’s vast user base, TOP envisions onboarding one billion users into crypto. This strategy is led by CEO Andrew Rogozov, who sees Telegram as the ideal vehicle for mass blockchain adoption.

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TOP’s Strategic Expansion Highlights Global Crypto Growth

TOP’s move into Western markets marks a major step in scaling blockchain adoption. The firm is also ramping up go-to-market strategies to support app developers. This funding will help build not just backend tools but also user-facing products that make crypto more accessible.

The team behind Telegram started exploring blockchain as early as 2018. The TON mainnet officially launched in 2021. Since then, it has grown rapidly, bolstered by consumer-focused innovations. With over $174 million in daily trading volume, Toncoin is now the 22nd largest crypto by market cap.

Investors like Pantera Capital are enthusiastic about the platform’s potential. They view TOP as a powerful engine for mainstream crypto applications. As the TON ecosystem expands, so does the reach of blockchain-powered gaming and finance apps.

The Open Platform (TOP) raised $28.5 million to empower developers

This new round of funding enables TOP to become a true global player in blockchain innovation. With the support of investors and Telegram’s scale, the company is well-positioned to lead the next phase of crypto adoption. All eyes are now on how TOP’s new ventures will unfold across global markets.

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What is The Open Platform (TOP) and why did it raise $28.5 million?

The Open Platform (TOP) is a startup focused on supporting developers building on The Open Network (TON), Telegram’s blockchain. The company raised $28.5 million in an extended Series A funding round led by Ribbit Capital, with participation from Pantera Capital. This funding round pushes TOP’s total funding to $70 million and elevates its valuation to $1 billion, earning it unicorn status. The funds will be used to expand globally and support regulatory, licensing, and compliance strategies in new markets like the U.S. and EU.

How does TOP plan to use this new funding?

TOP plans to utilize the $28.5 million to expand its geographic presence and help developers launch new applications on the TON blockchain. Their expansion includes launching portfolio companies in the United States, European Union, and other global markets. The company will also invest in regulatory compliance, go-to-market strategies, and building infrastructure that supports consumer-facing blockchain apps. This strategy is aimed at onboarding a massive user base via Telegram’s distribution power.

What is the relationship between TOP, TON, and Telegram?

TOP builds and supports apps on The Open Network (TON), Telegram’s native blockchain. Telegram began exploring blockchain technology in 2018 and launched the TON mainnet in 2021. TOP acts as a developer-friendly platform that helps bring TON-based apps to market. By leveraging Telegram’s massive global reach, TOP hopes to onboard up to a billion users into the crypto space, especially through applications like games and decentralized finance products.

What impact does this have on the TON ecosystem and Toncoin?

This funding round underscores the growing strength of the TON ecosystem. With Toncoin’s market cap at $7.2 billion and daily trading volume of $174.8 million, the ecosystem is thriving. TOP’s ability to launch new projects globally will likely increase demand for Toncoin and drive broader adoption of TON-based apps. The expansion into regulated markets also enhances the legitimacy of the ecosystem, making it more attractive to developers, investors, and mainstream users alike.

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