đ Report: TON Could Be the Key to Mainstream DeFi Adoption
The latest prediction, published by GSR on October 17, brings hope to the struggling DeFi sector, which has lagged behind other niches like memecoins and tokens tied to smart contract platforms.
The key? The Open Network (TON) and its connection to Telegram. đČ With over 950 million users on the messaging app, TON is positioned to bring decentralized finance (DeFi) to the masses. Telegram users can access TON-based blockchain apps directly within the app, creating a frictionless ecosystem that could be the bridge for DeFi to go mainstream.
đ Exponential growth:
TON has surpassed giants like Ethereum and Polygon in monthly active addresses, jumping from 100,000 in 2023 to 9.9 million in 2024. While Base and Solana still lead in active users, TONâs potential is massive.
đč The game Hamster Kombat: A clear example of how TON is attracting users, this viral game now has over 300 million users, edging closer to breaking the world record for most popular mobile games.
TON's success shows that its integration with a social platform like Telegram could be the "Trojan Horse" that propels cryptocurrencies and DeFi into mass adoption. đ
đ Could TON change the game for DeFi?
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