How can a public chain that is not listed on Binance and whose ecosystem has not grown have a market value that ranks at the top?
TON Ecosystem, a blockchain project that re-emerged last year with the official support of Telegram, is reshaping the Web3 landscape at an astonishing speed. Not only has the main chain, side chain, ecological wallet, DeFi, games, transactions, developer tools and other aspects grown in all directions, but also relying on the huge traffic of Telegram, it has become a super ecosystem with a market value of 18.5 billion and the eighth TVL ranking, following BTC, ETH, and SOL, becoming the fourth largest ecological giant.
The uniqueness of TON ecosystem lies in its ingenious Web2+Web3 integration strategy. In the Web2 era, it made a lot of money from advertising fees, subscription fees, and value-added services; and entering Web3, TON is like a duck in water, with DeFi financial protocols, coin issuance, NFT transactions and other gameplay emerging in an endless stream, and revenue channels blossoming. Especially in the field of ecological games, games on Telegram earn points through credit cards, advertising, invitations, etc. Although most projects have not officially issued coins, they have long been the focus of the crypto market.
When talking about TON, we have to mention its biggest supporter, Telegram. As the ninth largest social software in the world, Telegram has 900 million monthly active users and is a must-have in the crypto community. Applications within the TON ecosystem can easily gain massive exposure by relying on Telegram's huge traffic, and the speed of dissemination is growing exponentially. This unique advantage makes TON stand out in the fiercely competitive blockchain market.
A minute on stage is the result of ten years of hard work. If you have popularity but no special skills, you can't even hold up a performance. The rise of TON is not accidental. Behind it is the unremitting efforts of the foundation. Since 2023, the TON Foundation has actively promoted the development of the ecosystem:
In terms of technology, we held hackathon activities with DWF, AWS, etc., actively expanded our partners, and added wallets, exchanges and other cooperative institutions; actively promoted accelerator programs, mentoring programs, community robots and open alliances, early programs, The Open League, etc. to attract web3 professional industry talents and high-quality projects; TON was recognized as the fastest blockchain in the world in public performance tests, and launched the token infinite bridge to improve interoperability with Ethereum to make the ecosystem more acceptable; cooperated with Tencent Cloud to support the telegram applet system.
In terms of operations, we have successively held wiki challenges, launched a DeFi liquidity incentive plan, injected capital into emerging projects, and held liquidity mining reward activities; attracted well-known game institutions to cooperate in the development of Telagram web3 games, and attracted Animoca Brands, Mirana Ventures, Pantera Capital and other investors to support the development of the ecosystem. In terms of the community, we held face-to-face meetings and voted to change the deflation mechanism of TON tokens to enhance token economics. The ecosystem spared no effort to attract emerging projects and well-known investment institutions to settle in, injecting continuous vitality into the ecosystem.
As a result of all the above measures, the market has responded. From the beginning of the year to now, the price of TON has increased by more than 4 times, and the number of addresses has increased by an astonishing 10 times.
The rise of TON ecosystem has attracted widespread attention, especially its first game NOT, which has attracted the attention of a large number of crypto users. Is TON and its ecosystem worth investing in?
Here are some of my own mental poisons, shared with you, I hope you won’t be poisoned:
1. TON tokens are generated by POW mining, and TON chips are highly concentrated. According to official statistics, 248 addresses held 96% of TON tokens when mining began, and many of these addresses were related to each other, which means that most of TON tokens were mined and held by a group of whales. (If the dealer has no chips, who is willing to pull the market? If the chips are too dispersed, can retail investors alone pull the market?)
2. TON is backed by the huge community foundation of Telegram. The number of activated wallets on the chain is increasing every day, and the ecological development is still in its early stages. More high-quality projects will join in the future. By then, the ecological development will be more complete, and TON will have a more outstanding performance. (Many projects can't even open their official websites, let alone increase their addresses.)
3. NOT, the most popular game in the TON ecosystem, has been successfully launched on CEX, but this is just the tip of the iceberg. With Telegram’s amazing monthly activity and strong community foundation, there are no less than 20 games with tens of millions of users in the ecosystem. If they issue coins, I can’t imagine how much impact these traffic will have on the market. (According to the issuance speed of local dogs on SOL, TON still needs 10,000. Can you guarantee that there won’t be a few high-quality local dogs among them? As long as there are high-quality local dogs, TON will rise.)
4. TON ecosystem is now in full bloom, with 977 project applications added to the ecosystem. With the blooming of a hundred flowers, the ecosystem also has its own particularity. The official has personally made payment/stable currency, wallet, DeFi and other sectors, and the pattern has been determined. (Among web2 social platforms, Telegram entered the blockchain as an official platform. How many have both web2 traffic and truly entered the blockchain world?)
5. TON is the fourth largest ecosystem in terms of market value. The community is thriving and the ecosystem is still in its early stages of development. It has a tendency to overtake SOL. SOL has a very strong meme this year, with a market value of 73.69 billion US dollars. TON's market value is only 18.04 billion US dollars, which is 4 times the gap. If you don't buy such a valuable coin, you will buy a copycat that falls by 50% at any time.
6. TON only has contracts on Binance, but no spot. With its conditions, spot trading can be opened at any time. Currently, Binance TON perpetual trading volume has soared many times and has become a hot topic. With such momentum, it is only a matter of time before it explodes. TON is holding the currency and waiting for it to rise. I don’t think this is a problem that needs to be considered.
7. TON has been affected to some extent in the recent market corrections, but it is still basically an independent market. As we all know, independent market trends are always big events. Given TON’s market attention and market influence, I think the low point of the correction is a good opportunity to get on board.
8. TON's unique web2 conditions and block environment mean that most of TON's future growth will not come from other on-chain users. It will have a broader future and will be more likely to attract fresh blood from outside the circle to join the blockchain market.
9. TON has made previous efforts and achieved phased success, and will not stop there. In addition to linking to Ethereum, the TON Foundation will actively cooperate with the Bitcoin ecosystem to develop a cross-chain bridge. It will also cooperate with more wallets to increase ecological entrances, and we look forward to the ecological flourishing everywhere.
Finally, the rise of TON ecology is an important opportunity for Web3. I am already addicted and just waiting to take off, what about you? TON market is still hot, and it has been accumulating energy to break through new highs during this period. It has not fully taken off yet, so there is no need to worry about the high control for the time being. If you bought TON like me, it is not a problem to be bullish at this time, just rest assured to continue holding.
