Rise Of TON And NOT: A Look At The Growing Ecosystem

According to BlockBeats, TON and NOT are experiencing a surge in popularity. As long-term supporters of the TON ecosystem, a list of projects built on this ecosystem has been compiled. The era of crypto mini-applications has led to the widespread adoption of Notcoin and other small programs. TON Blockchain, through Telegram, has a powerful distribution channel. The logic behind this is similar to WeChat mini-games, allowing the general public to easily access and frequently interact. For most consumer projects, user adoption is usually a pain point, but TON Blockchain has made it easier. Since its launch, the famous click-to-earn game, Notcoin, has attracted 35 million users. CatizenAI and Fanzeelabs have also attracted millions of users in the past few weeks. In the past two months, TON Blockchain's DeFi TVL has grown 13 times, exceeding $400 million. Leading DEXs include Ston_fi and Dedust_io, whose TVLs have grown 15 times and 12 times respectively since March. Platforms like Tonstakers and Bemo_finance have shown outstanding performance in terms of liquidity growth. TON stakers can earn returns and obtain liquid staking tokens that can be used for other DeFi purposes. A key catalyst for Ton DeFi is the partnership with Tether_to, which has expanded USDT on TON Blockchain and promoted payments on Telegram. In addition, PanteraCapital's recent investment in TON has brought more attention and confidence to the entire TON ecosystem. The user experience of the TON Blockchain wallet has been simplified through integration with Telegram. Users can easily connect their custodial/non-custodial wallets on Telegram and execute any transactions, such as trading. The TON Blockchain ecosystem is developing well, with support from the TON Starter platform, which has helped many projects raise funds. In addition, Toncoinfund is a $250 million TON ecosystem fund that invests in strong teams aiming to build on the open network.