Telegram’s enthusiastic support for The Open Network (TON) has sparked a mass exodus towards this cutting-edge platform. With a surge in user engagement and a remarkable 100% increase in on-chain TVL in just two months, TON is quickly becoming the go-to destination for all blockchain enthusiasts.
The Open Network (TON) has been making waves with a staggering $319 million in user deposits, as reported by DefiLlama.
With a surge in activity since late February and a remarkable 100% increase in total value locked (TVL) since April, TON’s decentralized network is taking the industry by storm. Thanks to Telegram’s introduction of new crypto offerings, TON’s ecosystem has been on an impressive growth spree, captivating the attention of investors and enthusiasts alike.
Unlocking the potential of the Telegram-affiliated chain, analytics reveal a diverse array of on-chain protocols emerging. From revolutionary derivatives projects to cutting-edge exchanges, innovative lending platforms to liquid staking pioneers, and even game-changing privacy solutions – the possibilities are endless.
Telegram driving TON boom
The explosive growth of TON can largely be attributed to the emergence of “mini-apps” within the web3 gaming world, which have found a home on the popular messaging platform.
These mini-apps utilize TON’s cutting-edge software development kit to create innovative web3 products, tapping into a massive user base of 900 million on Telegram. With limited advertising opportunities, these mini-apps have found a lucrative new avenue for monetization.
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Pavel Durov, the visionary founder and CEO of the company, champions the integration of TON. With his support, more innovators are inspired to tap into this revolutionary platform and connect with the thriving crypto community.
The exciting realm of blockchain gaming with projects like Hamster Kombat and Notcoin (NOT), have already launched their games on TON and its accompanying messenger.
The incredible triumphs of these two projects as they blazed their way to success. Notcoin’s groundbreaking airdrop distributed millions to eager users, while Hamster Kombat’s electrifying launch attracted a whopping 19 million daily active users in just three months.
Telegram has embraced the popular stablecoin Tether (USDT) and introduced a cutting-edge Wallet app, sparking a frenzy among developers and users to join the TON movement.
With just a few clicks, Durov’s brainchild has made crypto transactions a breeze, cementing its position as a force to be reckoned with in the crypto space and a hotbed for all things blockchain.