Notes

The Mini-App Revolution on TON Backed by Telegram
Just recently, I found some fascinating details on Coinatory concerning how Telegram’s promotion of blockchain projects has resulted in a notable shift to The Open Network (TON). This move has significantly boosted user participation and close to doubled the on-chain Total Value Locked (TVL) in a mere two months.


Based on DefiLlama, users have deposited over $319 million into TON, a decentralised network backed by Telegram. Activity on the network increased in late February, and TVL has almost doubled since early April, highlighting the rapid growth and increasing trust in this platform.

TON’s network has been expanding swiftly, largely due to Telegram introducing more crypto-related functions. Various on-chain processes are now being built on the Telegram-affiliated blockchain, like derivatives projects, exchanges, lending platforms, liquid staking providers, gaming initiatives, and privacy solutions. Tether (USDT) built-in Wallet app is a testament to the flexibility and potential of TON.

One important cause behind TON’s growth is the emergence of “mini-apps,” which are web3 games developed specifically on the messenger platform. These mini-apps leverage TON’s open-source software development kit and have access to Telegram’s large user base of 900 million users, taking advantage of minimal monetized advertising corridors. This seamless integration is encouraging a vibrant ecosystem of blockchain-based applications inside the Telegram app.

Telegram’s founder and CEO, Pavel Durov, has been a vocal supporter of TON’s integration, urging more developers to utilize this offering and interact with the crypto community. This endorsement has resulted in the launch of several prominent projects. For instance, Hamster Kombat and Notcoin (NOT) have launched their blockchain games on TON with notable success. Notcoin, for example, gave away millions to users via airdrop, while Hamster Kombat onboarded over 19 million daily active users in merely three months. These successes highlight the capability for blockchain gaming on TON.

Additionally, Telegram’s backing of Tether (USDT) and its built-in Wallet app has also motivated developers and users to engage in TON. By streamlining crypto transactions to merely a few clicks, Telegram has positioned itself as a top platform for blockchain activities. This user-friendliness is crucial for mainstream adoption and user engagement in the crypto space.

The fast growth and diversification of TON’s ecosystem highlight the capability for Telegram to emerge as a major force in the blockchain world. With the support of its extensive user base and the continuous development of cutting-edge features, TON is poised for continued success. As Coinatory noted, the synergy between Telegram and TON could revolutionize the way we use blockchain technology, making it more available and blended into our daily lives.

To sum up, Telegram’s thoughtful moves and strong endorsement of blockchain ventures are driving major growth and engagement on The Open Network. This trend is likely to continue as more developers and users join this innovative platform. Keep an eye on TON, as its progress could very well mold the future of blockchain integration in mainstream applications.

Here's my website: https://coinatory.com/cryptocurrency-news/telegrams-mini-apps-propel-ton-tvl-beyond-300m-19352/