---
title: "TON and BIO Emerge as New Narrative Assets in Crypto Market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286273587.md"
description: "According to PANews, the pricing logic in the crypto market is undergoing a transformation, with TON and BIO emerging as new narrative assets. TON leverages Telegram's extensive user base to establish a Web2 entry point, while BIO focuses on transforming scientific research funding through decentralized science (DeSci). The market is shifting away from solely pursuing Total Value Locked (TVL) and is now betting on the future restructuring of the industry."
datetime: "2026-05-13T13:44:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286273587.md)
  - [en](https://longbridge.com/en/news/286273587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286273587.md)
---

# TON and BIO Emerge as New Narrative Assets in Crypto Market

According to PANews, the pricing logic in the crypto market is undergoing a transformation, with TON and BIO emerging as new narrative assets. TON leverages Telegram's extensive user base to establish a Web2 entry point, while BIO focuses on transforming scientific research funding through decentralized science (DeSci). The market is shifting away from solely pursuing Total Value Locked (TVL) and is now betting on the future restructuring of the industry.

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