According to Odaily, one of the fastest-growing projects in the cryptocurrency field this year is The Open Network (TON), a project associated with Telegram. Telegram's previous blockchain plans had caused dissatisfaction among US regulatory authorities. However, by collaborating with Telegram, TON has managed to win the favor of its 900 million monthly active users. This year, TON's Total Value Locked (TVL) has soared by 1400%, at one point exceeding 1 billion USD.
Data tracked by DeFiLlama and CoinGecko reveals that since January, TON's market value has tripled, placing it among the top ten. This significant growth demonstrates the potential and influence of TON in the cryptocurrency market. Despite previous regulatory concerns, the project has managed to achieve substantial growth and popularity, largely due to its association with Telegram and the platform's vast user base.
It's worth noting that the rapid growth of TON is a testament to the increasing acceptance and adoption of cryptocurrency projects. The success of TON also indicates the potential for other projects to achieve similar growth by leveraging popular platforms and their user bases. However, it's also crucial for these projects to navigate regulatory challenges effectively to ensure their long-term success in the ever-evolving cryptocurrency market.
