Analysis of the Robust Potential of the Telegram Ecosystem Project TON
1. Presently, the flagship projects within TON exhibit remarkably low market capitalization, failing to align with the ecosystem's overall scale.
For instance, projects like Aave on the #Optimism chain boast a market capitalization of $1.9B, while #GMX on the #Arbitrum chain commands a $400M market cap. This contrasts sharply with TON's leading projects, which hold a substantially lower market cap, such as DeFinder Capital with $90M, Ton Raffles with $20M, and TON FISH MEMECOIN with $50M.
However, despite this disparity, the TON ecosystem's aggregate market capitalization stands at $1.8B, ranking it 11th on CMC, surpassing renowned public chains like Optimism and Arbitrum.
2. In terms of exchange withdrawals, support for TON remains limited among major exchanges. While OKX stands as the largest exchange, withdrawals from OKX are often suspended, indicating a relatively low allocation of TON tokens. Consequently, TON tokens are highly concentrated, facilitating market manipulation yet concurrently elevating risk levels. (DYOR)
3. From Total Value Locked (TVL) aspect, TON's TVL currently amounts to $81.34M, which, compared to Arbitrum's $3.384B and Optimism's $1.012B, appears relatively modest. However, TON has witnessed a remarkable growth in monthly trading volume, soaring by +367%. This surge underscores TON's latent potential for future development within the blockchain space.