Toncoin Bridge Shutdown Announced: Ethereum and BNB Impact – Coincu

The TON Foundation has announced that the Toncoin Bridge will cease operations on May 10, 2025, impacting cross-chain transfers to Ethereum and BNB Chain. However, assets previously bridged will remain claimable. This move stands out as a key development in the quest to improve security and reflect TON’s DeFi ecosystem growth.

The Toncoin Bridge, a vital connector, is set to officially stop facilitating transfers on May 10. The decision comes as part of TON’s strategic shift towards newer, secure cross-chain solutions, integrating modern routers like LayerZero and Stargate. As per official channels, users can no longer transfer TON from its network to Ethereum or BNB Smart Chain past the announced date, although they can still claim previously transferred assets.

Market Impact and Future of DeFi on TON

The bridging shutdown marks a significant departure from the legacy approach, expected to consolidate liquidity natively on TON while retaining functionality for incoming transfers until further notice. Industry analysts cite this as a move towards improved network security and streamlined DeFi services.

No public statements from leading figures such as Pavel Durov have been attributed officially. However, according to the Coincu research team, the community generally perceives the change as a forward-looking approach to address underlying risks and improve future cross-chain transfers. This phased-out bridge aligns with the prevalent trend seen in other blockchain networks like Solana and Avalanche.

“The bridge closure could foster a resilient financial setup, minimizing risks associated with legacy bridges,” suggests the Coincu research team.

Historical Context, Price Data, and Expert Insights

Did you know? The closure of the Toncoin Bridge represents a significant evolution in cross-chain technology, aiming for enhanced security and efficiency.

According to CoinMarketCap, Toncoin’s current price stands at $3.22, with a market cap of formatNumber(8090399545, 2) and a 24-hour trading volume of $159,157,608, which represented an 11.92% change. Price movements include a 36.62% decline over 90 days, demonstrating volatility amid structural changes.

The Coincu research team evaluates that the bridge closure could foster a resilient financial setup, minimizing risks associated with legacy bridges. This suggests a strategic alignment with advanced technological standards, ultimately implying growth potential in the decentralized finance landscape.