In the process of mainstream adoption of Web3, one of the biggest challenges has always been "how to help non-native users seamlessly enter the new ecosystem." Today, this barrier has seen a major breakthrough within the Telegram ecosystem.
Wallet in Telegram has officially announced that its self-custodial TON Wallet now fully supports Cross-Chain Deposits. This update means that Telegram’s over 100 million active wallet users no longer need to hold TON ecosystem assets in advance or manually operate complex third-party bridges. They can now directly deposit USDC or USDT from major blockchains like Ethereum, Solana, TRON, and BNB Chain, as well as BTC, ETH, SOL, and other mainstream assets, into the TON ecosystem at nearly a 1:1 ratio—seamlessly and effortlessly.
Cross-Chain Deposits: From "Asset Islands" to "One-Stop Entry"
According to the official announcement, this upgrade is powered by MoonPay’s underlying infrastructure. The core logic is to encapsulate the cross-chain conversion process in the backend. On the frontend, users simply select either the "Stablecoin" or "Other Cryptocurrency" channel to complete their deposit.
Feature details:
- Stablecoin channel: Users can deposit USDC or USDT from Ethereum, Solana, TRON, BSC, Polygon, Arbitrum, and Base. The system automatically converts these assets at a 1:1 ratio into USDT on the TON network.
- Mainstream coin channel: Users can deposit BTC, ETH, or SOL. The system automatically converts them into Toncoin and credits them to the self-custodial wallet.
- Withdrawal preview: The official team has announced upcoming support for reverse withdrawals, allowing users to withdraw USDT (TON) back to USDT or USDC on other blockchains.
This design completely removes the rigid requirement of "having to buy TON before using the TON ecosystem." For Gate users, it dramatically increases asset allocation flexibility—eliminating the need for multiple conversions and transfers between exchanges and wallets, and enabling direct access to Telegram’s rapidly growing GameFi and DeFi applications.
TON Price Analysis: Resilience Amid Steady Recovery
As of February 12, 2026 (UTC), Gate market data shows:
- The Open Network (TON) current price: $1.36
- 24-hour trading volume: $1.37M
- 24-hour price change: +4.45%
- Market capitalization: $3.31B
- Circulating supply: 2.44B TON
On-chain data indicates that TON rebounded quickly from a low of $1.28 to $1.36 in the past 24 hours, showing clear signs of bottoming out and recovery. Although TON has declined by 21.77% over the past 30 days, the launch of cross-chain deposits coincides with a technically oversold zone, and market sentiment is gradually shifting from pessimistic to neutral.
Neutral forecast perspective:
From a fundamentals standpoint, this feature upgrade directly addresses TON ecosystem’s "native asset dependency." Historical data shows that similar infrastructure upgrades (such as Arbitrum’s cross-chain onboarding) often lead to delayed valuation corrections for native tokens. According to Gate’s TON price prediction model, TON is expected to fluctuate between $1.26 and $1.59 in 2026, with an average price anchored around $1.35. If this cross-chain deposit feature successfully converts Telegram’s existing user base, TON’s market cap could gradually recover toward its fully diluted value ($6.97B).
From "Complex Cross-Chain" to "Invisible Operations": A Generational Leap in User Experience
The biggest pain point for traditional self-custodial wallets has been the high educational cost of first-time deposits. Users typically need to purchase assets on a centralized exchange, withdraw to a specific network, and authorize contracts via DApps—any misstep can result in asset loss.
Telegram Wallet’s latest upgrade essentially deeply integrates MoonPay’s enterprise-grade liquidity backend with Telegram’s social frontend. As Wallet founder Andrew Rogozov stated, "Entering and exiting the TON ecosystem should be as simple as using a custodial wallet, while retaining the freedom of self-custody."
This philosophy aligns closely with Gate’s long-standing advocacy for user asset autonomy. For professional traders, it means lower arbitrage friction costs. For ordinary users, it represents the first truly "frictionless cross-chain" experience.
Gate Ecosystem Insights: Cross-Chain Liquidity Is the New Battleground for Exchanges
As a global leader in cryptocurrency trading, Gate closely monitors the TON ecosystem and its integration potential with Telegram. The launch of TON Wallet’s cross-chain deposit feature marks a shift for non-custodial wallets—from mere storage tools to cross-chain aggregation layers.
With Telegram wallet registrations surpassing 150 million, the TON ecosystem is no longer an isolated application chain. It now supports a multi-value network encompassing social, payments, and gaming. Gate will continue to provide a secure trading environment for TON and related ecosystem assets, while actively updating users on how this feature impacts on-chain activity and asset liquidity.
