Tonkeeper, a leading self-custody wallet for TON blockchain, has introduced a new feature that could significantly boost the network’s adoption.
Launching gasless USDT payments allows users to transact without holding Toncoin to cover network fees, simplifying onboarding to TON ecosystem.
Tonkeeper Simplifies Payments on TON
Tonkeeper’s gasless USDT payments improve the user experience by deducting transaction fees directly from the sender’s USDT balance, ensuring recipients receive the exact amount sent. This feature removes the need to hold Toncoin for network fees, making it easier for new users to join and increasing overall accessibility.
W5, a new wallet architecture created by the Tonkeeper team to replace the existing standard, made gasless payments possible. Developers can access it through TON API, which is used by OKX, CoinGecko, and Telegram Wallet. This API enables integration into various applications and platforms.
“Tonkeeper’s mission is to democratize decentralized technology for the mass market. Gasless transactions are making blockchain easy to use for countless newcomers: users can send USDT directly without needing any TONs — the fees are conveniently paid in USDT,” Oleg Andreev, CEO of Tonkeeper, told BeInCrypto.
Read more: 6 Best Toncoin Wallets in 2024
Recent data indicates substantial growth within TON ecosystem. The Total Value Locked (TVL) on TON blockchain has surpassed $320 million, an over tenfold increase since early March 2024, while the integration of Tether’s USDT has driven significant increases in trading volumes and user activity.
TON Total Value Locked. Source: DefiLlama
According to BeInCrypto, TON’s native token is currently trading at $6.52 and has a market cap of $15.7 billion. The cryptocurrency ranks 11th, trailing its closest competitor Cardano (ADA) by $300 million.
Read more: Which Are the Best Altcoins To Invest in May 2024?
Tonkeeper’s new feature has big benefits for the TON blockchain. This change makes the network easier to use, able to handle more transactions, and more attractive to newcomers. As users and developers adopt gasless USDT payments, the network will likely see more activity and interest, strengthening Toncoin’s position in the cryptocurrency market.
