Toncoin (TON) has surged over 200% this year, becoming the fifth-most valuable Layer 1 network with a market cap of $14.371 billion. Initially developed by the Telegram team and launched in 2019, TON was transferred to independent developers in 2020 due to SEC regulations. The TON Chain has evolved into a rich ecosystem, fostering internet freedom and utility, with recent collaborations like Curve Finance highlighting its growth
Ton was out of my radar until these Telegram Mini Applications, started by Notcoin, sustained by Dogs and now continuing by the many new Telegram Mini Applications like Hamster, RockyRabbit and many more to mention until it became the trending concept in the industry, so many got hooked because these Telegram Mini Application are doing these through airdrops, and with this concept it generate millions of active participant.
Usability is very important for a coin to get the attention of the community, and with this new Trend Ton is now on the spotlight.
The ecosystem has seen a 12x increase in daily transaction volume over the past year, with TVL rising to $350 million, driven by DEX trading.This has made many exchanges like integrating the network into their ecosystem and encouraging lots of users to explore more of the network by way of giveaways.
Not only DEXs but also CEXs have you seen Binance Moonbix and Xkucoin from Kucoin they have their own version of Telegram Mini Application so yes, Telegram and Ton is the trending concept now, and we never know how long will this last