en.bitcoinsistemi.com
The Open Network ($TON) has announced that the Toncoin Bridge will be officially retired on May 10, 2025.
This decision marks the end of an era for the early infrastructure that once played a critical role in Toncoin’s cross-chain accessibility.
According to a statement from the Toncoin developers, the closure means that users will no longer be able to bridge Toncoin from $TON to the Ethereum or $BNB Smart Chain after the set date. However, assets previously bridged to these networks will continue to be claimable. Importantly, bridging to $TON will continue to be available for now, with an end timeline to be announced in the future.
Toncoin Bridge was initially launched to provide users with a way to trade Toncoin before the token was listed on centralized exchanges (CEXs) or had its own decentralized finance (DeFi) infrastructure. Users would bridge the assets with Ethereum or $BNB Smart Chain to access DEX platforms like Uniswap and PancakeSwap.
Subsequent developments in $TON, such as native USDT support and integration with cross-chain solutions like LayerZero, Stargate, Symbiosis, and Rhino.fi- have made the bridge less necessary. $TON developers said that with the network’s growing DeFi environment and native trading options, there is no longer a pressing need for users to exit the ecosystem to engage in financial activities.
*This is not investment advice.