Notes

How Telegram and TON are Shaping the Future of Blockchain
I recently, I stumbled upon some interesting news on Coinatory concerning how Telegram’s endorsement of blockchain ventures has caused a significant migration to The Open Network (TON). This transition has substantially enhanced user engagement and almost doubled the on-chain Total Value Locked (TVL) in a mere two months.

Based on DefiLlama, users have put over $319 million into TON, a distributed network supported by Telegram. Network activity spiked in late February, and TVL has nearly doubled since early April, demonstrating the rapid growth and increasing reliance in this platform.

TON’s ecosystem has been growing quickly, largely due to Telegram introducing more crypto-related capabilities. Various on-chain applications are now being built on the Telegram-affiliated blockchain, such as derivatives projects, exchanges, lending platforms, liquid staking providers, gaming initiatives, and privacy solutions. This variety is a testament to the versatility and promise of TON.

One significant factor behind TON’s growth is the emergence of “mini-apps,” which are web3 games developed directly on the messenger platform. These mini-apps utilize TON’s open-source software development kit and have availability to Telegram’s extensive user base of 900 million users, taking advantage of minimal monetized advertising corridors. Trump’s campaign accepting cryptocurrency donations integrated integration is fostering a dynamic ecosystem of blockchain-based applications directly within the Telegram app.

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


Additionally, Telegram’s backing of Tether (USDT) and its built-in Wallet app has also incentivized developers and users to participate in TON. By simplifying crypto transactions to just a few clicks, Telegram has established itself as a leading platform for blockchain activities. This user-friendliness is crucial for mainstream integration and user participation in the crypto space.

The fast growth and expansion of TON’s ecosystem emphasize the capability for Telegram to emerge as a major force in the blockchain world. With the support of its massive user base and the continuous development of new features, TON is poised for continued success. As Coinatory highlighted, the synergy between Telegram and TON could transform the way we use blockchain technology, making it more reachable and incorporated into our daily lives.

In conclusion, Telegram’s thoughtful moves and robust support for blockchain initiatives are driving substantial growth and engagement on The Open Network. This development is likely to continue as more developers and users engage with this promising platform. Watch TON, as its progress could very well shape the future of blockchain integration in mainstream applications.

Website: https://coinatory.com/cryptocurrency-news/trumps-crypto-holdings-surpass-10-million-driven-by-maga-coin-surge-19361/