The TON Foundation will end operations of the Toncoin Bridge on May 10, affecting cross-chain transfers to Ethereum and BNB Smart Chain. Users can still claim previously bridged assets post-shutdown.
This decision reflects a strategic shift towards improved security and a mature DeFi ecosystem, aligning with trends from other blockchain networks.
Market analysts anticipate that the closure will enhance liquidity on TON while retaining record of incoming transfers, reducing risks associated with legacy bridges.
Current Toncoin prices indicate market volatility, yet the closure could indicate growth potential in decentralized finance technology.
Full story here: https://coincu.com/334382-toncoin-bridge-shutdown-announcement
