Notes

The Open Network Thrives with Telegram’s Blockchain Support
I recently, I came across some intriguing details on Coinatory concerning how Telegram’s endorsement of blockchain initiatives has resulted in a significant migration to The Open Network (TON). This move has significantly boosted user interaction and close to doubled the on-chain Total Value Locked (TVL) in just two months.

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

TON’s environment has been developing quickly, primarily because of Telegram introducing more crypto-related features. Various on-chain processes are now being built on the Telegram-affiliated blockchain, including derivatives projects, exchanges, lending platforms, liquid staking providers, gaming initiatives, and privacy solutions. This expansion is a testament to the versatility and promise of TON.

One important cause behind TON’s growth is the increase of “mini-apps,” which are web3 games developed exclusively on the messenger platform. These mini-apps leverage TON’s open-source software development kit and have access to Telegram’s extensive user base of 900 million users, profiting from minimal monetized advertising corridors. This seamless integration is fostering a dynamic ecosystem of blockchain-based applications right within the Telegram app.


Telegram’s creator and CEO, Pavel Durov, has been a vocal supporter of TON’s integration, encouraging more developers to utilize this offering and engage with the crypto community. This support has caused the introduction of several prominent projects. For instance, Hamster Kombat and Notcoin (NOT) have launched their blockchain games on TON with significant success. Notcoin, for example, gave away millions to users via airdrop, while Hamster Kombat engaged over 19 million daily active users within just three months. These successes demonstrate the capability for blockchain gaming on TON.

Additionally, Telegram’s backing of Tether (USDT) and its built-in Wallet app has also encouraged developers and users to involve themselves in TON. By making easier crypto transactions to just a few clicks, Telegram has positioned itself as a leading platform for blockchain activities. This simplicity is crucial for mainstream adoption and user interaction in the crypto space.

The swift growth and diversification of TON’s ecosystem emphasize the promise for Telegram to develop into a major force in the blockchain world. With the backing of its extensive user base and the continuous development of new features, TON is positioned for continued success. As Coinatory mentioned, the synergy between Telegram and TON could change the way we use blockchain technology, making it more available and integrated into our daily lives.

All in all, Telegram’s strategic moves and solid endorsement of blockchain initiatives are driving significant growth and engagement on The Open Network. This development is likely to continue as more developers and users join this promising platform. Keep Telegram-backed decentralized network on TON, as its progress could very well mold the future of blockchain integration in mainstream applications.

Website: https://coinatory.com/cryptocurrency-news/telegrams-mini-apps-propel-ton-tvl-beyond-300m-19352/