Can TON Survive the Telegram Drama? Bitget Suggests Diversification as Key to Long-Term Success

Crypto exchange Bitget raises concerns over The Open Network’s (TON) close affiliation with Telegram amidst ongoing regulatory challenges. With Telegram CEO Pavel Durov facing legal trouble, TON must consider diversifying its operations to ensure survival and stability.

The Open Network (TON) has seen remarkable success throughout 2024, driven largely by its integration with the widely popular messaging platform Telegram. Telegram’s vast network of over 900 million users has undoubtedly helped fuel TON’s rapid growth, including a surge in chain activity and a series of viral token launches. However, recent developments surrounding Telegram’s regulatory issues have cast a shadow over TON’s future, prompting industry experts to question the sustainability of the relationship between the two entities.

Telegram Regulatory Hurdles

On August 24, 2024, Telegram’s co-founder and CEO, Pavel Durov, was arrested by French authorities over accusations of enabling illegal activities on the platform. Though Durov has since been released, he remains on strict bail conditions in France, and the ongoing investigation has raised alarms within the crypto community. These events have sparked significant uncertainty, with fears that regulatory action against Telegram could have a ripple effect on TON, which is heavily intertwined with the messaging platform.

Adding fuel to the fire, Durov recently announced changes to Telegram’s privacy policies, stating that the platform would begin sharing user data with governments when necessary—a stark departure from its previous stance on privacy. This move is suspected to be in response to the mounting legal pressures facing Telegram, and it has sparked further concern about the platform’s future.

Will TON ‘De-Telegram-ize’?

In light of Telegram’s regulatory challenges, crypto exchange Bitget recently published a report urging TON to consider a strategic diversification away from its reliance on Telegram. The report acknowledges the benefits that TON has reaped from its association with Telegram but highlights the risks that come with being so closely tied to a platform facing mounting scrutiny.

Bitget suggests that TON must begin exploring alternative avenues for growth, such as expanding its use cases beyond Telegram and building partnerships with other platforms. Doing so could help the network insulate itself from potential disruptions caused by Telegram’s legal troubles.

TON Community Rallies Around Telegram

Despite the uncertainty, the TON community has expressed unwavering support for Telegram and its CEO. Following Durov’s arrest, TON supporters launched a movement advocating for the protection of freedom of expression and calling for the full release of the embattled CEO. The TON ecosystem remains deeply loyal to Telegram, even as the messaging platform faces an uncertain future.

Why This Matters

The close relationship between TON and Telegram places the network at a pivotal moment. As Telegram continues to grapple with legal issues, TON’s reliance on the platform for growth and user engagement could become a vulnerability. Any significant disruption to Telegram’s operations may have a direct impact on TON, making diversification a critical strategy for long-term survival.

While TON’s recent rise has been impressive, its future success may depend on its ability to adapt to the evolving regulatory landscape and explore new partnerships beyond its current ties to Telegram.

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