An alternative view on TON:
Is the ecosystem really that good? 🤔
In recent months, TON has been performing well: its native token is in the top 10 by market cap on CMC, and the project's TVL is steadily growing. However, TON is not without its flaws. Let's find out if the blockchain is really as good as the developers claim.
▶️ Toncoin might be overvalued!
For a long time, it was in the top 10-15 on CMC without any price movements, and at one point its market cap reached $10 billion with a TVL of $10 million. Doesn’t this ratio seem strange? Only after the launch of USDT on TON did the project's TVL begin to grow, reaching $611 million to date.
▶️ TON ecosystem isn't real?
According to the developers, the project’s ecosystem includes wallets, bridges, DEXs, infrastructure apps, and NFT marketplaces. But despite this variety, and the growth of TON in the market from 2023 to 2024, the developers have supported the launch of only 5 new projects. Such investment volumes in projects are negligible, all because TON focuses more on marketing.
▶️ TON embellishes facts about itself.
In October 2023, during a performance test, TON showed 100K TPS, setting a world record for transaction speed. But upon closer examination, it's not as powerful as it seems.
▶️ Marketing > ecosystem development.
As we noted, TON relies on marketing strategies rather than creating a powerful ecosystem. It integrated into Telegram and created a $250 million development fund, but this was also a marketing move.
▶️ TON without Telegram = 0?
Finally, it's worth considering what would happen to TON if it weren’t for the integration with Telegram. Would people use this blockchain and its mini-apps if it had launched and developed independently?
Answer this question for yourself.Your opinion: is TON a gem or a scam? Share your views on the future of this ecosystem 👇
DYOR / NFA |
