Telegram mini apps sling TON TVL over $300m 

Telegram’s
endorsement
of
blockchain
development
has
incentivized
a
migration
to
The
Open
Network
(TON),
bolstering
user
participation
and
nearly
doubling
on-chain
TVL
in
two
months.

According
to
DefiLlama,
users
have
deposited
over
$319
million
into
the
Telegram-backed
decentralized
network
known
as
The
Open
Network
(TON).
Activity
began
skyrocketing
in
late
February,
and
total
value
locked
(TVL)
has
nearly
doubled
since
early
April.

TON’s
ecosystem
has
witnessed
an
expansion
spree
in
recent
months
as
Telegram
enabled
more
crypto-related
offerings.

Analytics
show
a
variety
of
on-chain
protocols
building
atop
the
Telegram-affiliated
chain,
including
derivatives
projects,
exchanges,
lending
platforms,
liquid
staking
providers,
gaming
initiatives,
and
privacy
solutions
to
name
a
few. 

Telegram
driving
TON
boom

A
major
driving
force
behind
TON’s
growth
seems
linked
to
the
rise
of
so-called
“mini-apps”
employed
by
a
slew
of
web3
games
developed
directly
on
the
messenger. 

Telegram
allows
these
mini-apps
to
build
web3
products
using
TON’s
open-source
software
development
kit,
with
access
to
the
social
network’s
900
million
users
and
a
dearth
of

monetized
advertising
corridors.

The
company’s
founder
and
CEO
Pavel
Durov
has
publicly
supported
TON’s
integration,
encouraging
more
builders
to
leverage
the
offering
and
connect
with
the
crypto
community. Projects
like
Hamster
Kombat
and
Notcoin
(NOT)
have
deployed
their
respective
blockchain
games
directly
on
TON,
and
the
messenger
by
extension. 

Both
projects
have
recorded
successes
with
this
path.

Notcoin
distributed
millions
to
users
in
an
airdrop
and
Hamster
Kombat
onboarded
over
19
million
daily
active
users
in
less
than
three
months. 

Telegram’s
support
for
the
largest
stablecoin
Tether
(USDT)
and
an
inbuilt
Wallet
app
has
also
encouraged
developers
and
users
alike
to
participate
in
TON. Durov’s
company
has
made
sending
crypto
as
simple
as
a
few
clicks,
positioning
the
platform
as
a
crypto
powerhouse
and
a
hub
for
blockchain
activity.