Pantera Capital Management LP said in a statement in May that Telegram is the only major platform that is not subject to regulatory restrictions and is able to incorporate Web3 into an open blockchain network. The announcement announced the company's largest ever investment in TON's tokens. Pantera did not disclose the size of the deal. Cosmo Jiang, Pantera's portfolio manager, said that while the early appeal of blockchain was focused on gaming and decentralized finance, "we will see more use cases for payments and remittances in the future". According to TonStat, the number of daily active users of TON recently exceeded 350,000.