While most crypto projects are struggling to survive in the cold winter, the TON ecosystem is growing rapidly and attracting investors' attention. TON has shown an amazing rate of return in this year's investment portfolio, and is relatively resilient even when the market is falling and the altcoins are halved. This breakthrough performance stems from the vigorous development within the TON ecosystem.
This year, the price of TON exceeded $8, with an annual return rate of 480%. The soaring price has also attracted much attention to its ecosystem. In three months, TVL has increased 20 times to over $600 million, and the number of daily active addresses once surpassed Ethereum. Backed by Telegram's huge user base of 1 billion, the TON ecosystem is expanding in an unstoppable manner. Which ecosystems have further layout opportunities?
Notcoin（NOT）：
The first Memecoin to be mined on TON, Notcoin has attracted widespread attention with its unique mechanism. Within just a few months of its launch, Notcoin has attracted tens of millions of active users and is most popular in countries such as Russia, Uzbekistan, Nigeria, the United States, Germany and Iran. Since the TGE in May, NOT has been listed on all major exchanges, with a market value of nearly $1.5 billion, ranking 56. The founder said that more subsystems will be built for Notcoin in the future, which may include game platforms, competitions, ways to incentivize contributors, and even AI-based decentralized universities open to everyone.
TON FISH MEMECOIN（FISH）：
The first social meme token on TON, launched by the community instead of the foundation. It has attracted widespread attention since its launch and is the leading meme token in the TON ecosystem. It has surged many times before and is currently traded on the XT exchange. FISH also introduced NFT and gameplay, and FISH airdrops can be obtained by minting TON FISH BOX for free and upgrading it. The team has released a new game TON PET and a new meme token TPET in May.
Renaissance Dog （REDO）：
The dog-themed meme token on TON is on the TOL competition list. It has 100,000 followers on Twitter, but its account has been frozen for unknown reasons. The project tokens are fully circulated, with a total market value of 97 million US dollars. The on-chain transactions are very popular, and there are also well-known KOL discussions on Twitter. The social media is also very popular. It has not yet been listed on a centralized exchange.
Renaissance Cat（RECA）：
The shield cat-themed meme token on TON was launched in June. Like REDO, it was listed in the TOL competition and has been ranked first in the TON TOL League for three consecutive days. The total market value is relatively small, at 6.5 million US dollars, and the potential is unlimited. There is currently a new member recommendation activity. Share it with friends on Tg bot, and new members can receive 0.2 RECA every day. It has not yet been launched on a centralized exchange.
GRAM：
The first mining meme on TON. Anyone can mine with a simple GPU or browser, or even on a mobile phone. It won the 5th place in the first TOL competition. It is very popular on social media, with 200,000 followers on Twitter. The current total market value is 57 million US dollars, and it has been listed on Bitget.
TON Ecosystem Outlook
At this year's Token 2049 Dubai Conference, the TON Foundation stated that the value of Telegram is "the freedom to communicate privately, express yourself, and build your applications." This positioning has been gradually realized to a certain extent.
TON already has a wealth of Mini App applications, providing users with a variety of services. At the same time, the TON ecosystem also integrates a convenient built-in wallet, opens up many payment channels, and brings users a smoother user experience. The development of this diverse ecosystem has not only attracted a large influx of funds, but also led to a high level of capital activity. This "wealth effect" will undoubtedly further promote TON to bring broader and new scene applications.
It is worth mentioning that TON is developing very fast. Tether continues to issue USDT on TON. TON itself subsidizes users with high deposit rates, and it has met the conditions of sufficient ecological funds in a very short time. The support of Telegram Mini App also gives TON huge mass adoption potential. If TON can continue to make up for its shortcomings in DeFi and other aspects in the future, or use other more unexpected ways to increase the activity of funds in the ecosystem, I believe it will definitely show more surprising performance.
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together.
