The post TON Blockchain: A Game Changer for DeFi Ecosystems appeared on BitcoinEthereumNews.com.

TON, aka The Open Network, was originally developed by the creators of the popular messaging app Telegram. The idea was to create a blockchain that would integrate perfectly with Telegram, enabling users to use crypto easily and freely within the app. Due to regulatory issues with the SEC, the founders gave the project to the community making it open source, therefore closely aligning with the principles of decentralization and making it an ideal space for Defi and other crypto activities. How popular are Ton and Telegram? And what does that mean for the future? The size of the opportunity here is huge, because Telegram has almost a billion users. According to the Tonscan.org, The TON blockchain has recorded over 1.7 billion transactions, with an average of 65-87 user transactions happening every second, showing just how popular it is already. And so TON uniquely positioned to introduce these people to crypto to web3, and facilitate the mainstream adoption of blockchain technology. TON really took off this year due to gaming apps such as Notcoin and Hamster Kombat, and was named the 6th biggest chain for gaming, according to Dappradar. However, TON is now perfectly situated to embrace DeFi, and the benefits Dexes and other Defi projects bring, such as increased liquidity, and ease of swapping assets. (Consider how the Solana ecosystem surged after the release of Jupiter DEX for example) Ton also has a lot of users from Russia, the CIS (Commonwealth of Independent States) and South Asian countries, as well as Brazil and Nigeria. This tells us that TON can bring DeFi benefits to users around the world, many of whom may be suffering from high inflation and limited access to traditional financial products. Ton’s Massive DeFi Opportunity DeFi participation has increased immensely over the last 2 years, with the…

---

Filed under: News - @ November 16, 2024 9:25 am