Since the launch of the TON project, it has taken the integration of Telegram to see its rise to prominence. More details in this article.
The resurrection of the TON project
Despite the obstacles encountered since its inception in 2018, the blockchain network TON (Telegram Open Network) is currently experiencing a resurgence. Analytics platform IntoTheBlock has revealed that the number of active TON addresses has increased sevenfold following the integration of Telegram, surpassing the 300 mark for the first time since last December. The volume of tokens exchanged also increased significantly over the same period.
Links with Telegram still non-existent
Although it bears the name of the popular messaging application, it should be remembered that the TON project has no official affiliation with Telegram. It is an independent effort initiated by the Durov brothers and supported by a community of enthusiasts who have continued to develop the project despite difficulties with US regulators, notably the Securities and Exchange Commission (SEC).
TON Coin on Ethereum: a packaged asset
It is important to note that although TON has its own blockchain, it also has an ERC-20 version called TON Coin, hosted on the Ethereum blockchain. This ‘wrapped asset’ allows users to transfer and exchange their TON tokens on various decentralised platforms, such as wallets or DEX (Decentralised Exchanges).
Significant growth in adoption
The integration of Telegram has undoubtedly contributed to the growth in the number of active TON addresses and the volume of transactions. Here are some key figures from IntoTheBlock’s analysis:
- 7x growth in the number of active addresses: this indicator has risen from less than 50 daily addresses to more than 300 for the first time since December.
- Increase in the volume of TON Coin exchanges: the number of tokens transferred between addresses also increased significantly during this period.
Encouraging prospects for the TON ecosystem
This rapid increase in the use of the TON network reflects a growing interest in this innovative blockchain. Independent developers who continue to support and improve the project can therefore rejoice in these promising results which portend a bright future for the TON ecosystem.
The role played by Telegram in this evolution
Although there are no official links between Telegram and the TON project, the integration of messaging into this push cannot be ignored. It is likely that having the same name has generated some confusion, leading users and investors to believe that it is a project supported directly by the parent company.
An opportunity to strengthen the legitimacy of the TON project
However, this situation offers the TON network the opportunity to gain credibility and visibility among the general public. The significant increase in the number of active addresses and volumes exchanged demonstrate users’ interest in this innovative blockchain and could encourage other developers to join the project and contribute to its evolution.
In the end, it is clear that the integration of Telegram played a major role in the rise of the TON project. Despite the obstacles encountered since its creation and the absence of official links with the messaging application, the exponential growth in the number of active addresses and volumes exchanged demonstrates the relevance of the TON blockchain network and suggests a promising future for its ecosystem. . Independent developers who continue their work on this project can therefore look to the future with confidence and optimism.
