[ad_1]
The Open Network (TON) has announced that the Toncoin Bridge will be officially retired on May 10, 2025.
This decision marks the end of an era for the early infrastructure that once played a critical role in Toncoin’s cross-chain accessibility.
According to a statement from the Toncoin developers, the closure means that users will no longer be able to bridge Toncoin from TON to the Ethereum or BNB Smart Chain after the set date. However, assets previously bridged to these networks will continue to be claimable. Importantly, bridging to TON will continue to be available for now, with an end timeline to be announced in the future.
Toncoin Bridge was initially launched to provide users with a way to trade Toncoin before the token was listed on centralized exchanges (CEXs) or had its own decentralized finance (DeFi) infrastructure. Users would bridge the assets with Ethereum or BNB Smart Chain to access DEX platforms like Uniswap and PancakeSwap.
Subsequent developments in TON, such as native USDT support and integration with cross-chain solutions like LayerZero, Stargate, Symbiosis, and Rhino.fi- have made the bridge less necessary. TON developers said that with the network’s growing DeFi environment and native trading options, there is no longer a pressing need for users to exit the ecosystem to engage in financial activities.
*This is not investment advice.
[ad_2]
