The Open Network Foundation (TON Foundation) has appointed MoonPay co-founder Maximilian Crown as the new CEO, at a time when the TON ecosystem is experiencing a slowdown in growth. Despite a previous peak of activity, including Telegram-based mini-apps and games, TON's daily fees and transaction volumes have slowed down. Crown has extensive experience in the crypto payment sector, having previously served as CFO and COO at MoonPay. The TON blockchain now has 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.