The Open Network Foundation has appointed MoonPay co-founder Maximilian Crown as its new CEO, following a period of slower growth for the TON ecosystem. Despite previous spikes in activity, including Telegram-based mini apps and games, TON's daily fees and transactions have slowed. Crown, with extensive experience in crypto payments, previously played key roles at MoonPay as CFO and COO. The TON blockchain now boasts over 40 million active users and 121 million Toncoin holders. Earlier this year, former president Steve Yun launched a $100 million fund for TON startups.