Source: DWF Ventures X account
Author: DWF Ventures
Compiled by: TechFlow
@ton_blockchain and @thenotcoin are soaring. As long-time supporters of the TON ecosystem, we compiled a list of projects building on it.
Notcoin and other applets gain mass adoption
This is thanks to the era of crypto mini-apps, @ton_blockchain has a strong distribution channel through Telegram. The logic behind it is similar to WeChat mini-games, which can be easily accessed and frequently interacted with by the general public.
User adoption is usually a pain point for most consumer projects, but @ton_blockchain makes it easier. The famous click-to-earn game @thenotcoin has attracted 35 million users since its launch. @CatizenAI and @fanzeelabs have also attracted millions of users in the past few weeks.
(See tweet for details)
DeFi is on the rise
@ton_blockchain DeFi TVL has grown 13x to over $400M in the last two months. Leading DEXs include @ston_fi and @dedust_io which have seen their TVL grow 15x and 12x respectively since March.
(See tweet for details)
Additionally, liquid staking platforms like @tonstakers and @bemo_finance stood out in terms of liquidity growth.
TON stakers are able to earn yield and receive liquid staked tokens that can be used for other DeFi purposes.
A key catalyst for Ton DeFi was the @Tether_to partnership, scaling USDT on the @ton_blockchain and powering payments on Telegram.
Additionally, @PanteraCapital’s recent investment in TON brings more attention and confidence to the entire TON ecosystem.
Smooth user experience wallet
The user experience of the @ton_blockchain wallet has been simplified through integration with Telegram.
Users can easily connect their custodial/non-custodial wallets on Telegram and perform any transactions e.g.
Ecosystem Support
The @ton_blockchain ecosystem is developing well and is supported by the @ton_starter launch platform, which helps many projects raise funds.
Additionally, @toncoinfund is a $250M TON Ecosystem Fund investing in strong teams interested in building on the Open Network.
