TON chain is undoubtedly the dark horse project of the public chain this year, with TG's huge user base as the background

Many small games launched recently have also opened up new directions for blockchain applications, and the number of TON chain users has soared from 24 years.

1. What is TON

Ton is a high-performance Layer 1 public chain created by the founder of Telegram in 2018 and launched on the mainnet in 2021. In September 2023, Telegram officially announced Ton as its official Web3 partner, and users can interact with the Ton chain directly in Telegram.

Ton uses dynamic sharding technology, making it one of the fastest blockchains on the market, capable of up to 100,000 transactions per second (TPS), nearly double Solana's 65,000 TPS. With this high-performance chain, Ton introduces Web2 users to the Web3 world through features such as small games, memes, and custodial wallets in Telegram.

2. Team

The core team Anatoliy Makosov and Kirill Emelyanenko are the main developers of Ton, and the development of the project is currently led by the community.

3. Investment

VC and investors Ton has completed 8 rounds of fundraising, with major investors including Pantera Capital, DWF Labs, KuCoin Ventures and Animoca Brands.

4. Partners

Telegram: The world's fourth-ranked communication software, with 900 million monthly active users, is the designated official partner of Ton.

Tether: The largest stablecoin provider, Ton reached a cooperation in May.

Tencent: In September 2023, Tencent Cloud cooperated with Ton to support its computing power and network bandwidth.

OKX and HashKey: Cooperate with OKX to carry out Launchpool, and establish strategic cooperation with HashKey, gradually expanding to the Asia-Pacific region.

Oobit: Support users to use cryptocurrency to pay merchants in real life, and open up B2C payment scenarios on the TON chain

5. Summary

The TON ecosystem is still in its infancy, and no breakthrough projects have yet appeared. Future development should focus on payment, social networking, Bots and games, and the potential traffic acquisition capabilities will promote its cross-chain integration with other public chains. Overall, TON has a good development prospect, but it needs to pay attention to key factors such as compliance, ecosystem construction and user growth.