Unchained Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable? - Ep. 678
Jul 23, 2024
In this discussion, Alena Shmalko, Ecosystem Lead at the TON Foundation, and Jack Booth, Director of Marketing, dive into the explosive growth of the TON blockchain. They share insights on its impressive rise in Total Value Locked, fueled by innovative mini apps like Hamster Kombat. They also discuss the evolution of TON from its early days with Telegram to current market success, the scalability features that enhance its performance, and the community engagement strategies driving user interest in games and decentralized applications.
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TON's Evolution
- TON's developers won a competition to get the keys to the open-source software.
- This led to the formation of Newton and later, the TON Foundation in 2022.
TON's Growth Catalyst
- TON's growth is largely attributed to its partnership with Telegram and the integration of TON's wallet.
- This integration allows users to send crypto as easily as text messages.
Open League Impact
- The Open League, a competition rewarding TON projects for user growth, has significantly boosted on-chain metrics.
- It contributes to about 60% of daily active wallets and 15% of the Total Value Locked (TVL).
