Toncoin's Rapid Growth and Future Prospects in the Cryptocurrency Market
This year, Toncoin has increased 3.5 times to $8, surpassing Dogecoin and ranking eighth in the overall cryptocurrency ranking. Unlike meme coins, which became the fastest-growing group in the first half of the year, TON's growth is driven by objective indicators.
Growth in TVL
The Total Value Locked (TVL) in the TON network in the decentralized finance sector has increased 53 times since January to $743 million, with daily trading volumes exceeding $1 billion on certain days. In comparison, the TVL of Ethereum (the sector leader) increased 1.9 times over the same period, with daily turnover not exceeding $5 billion.
Growth in Telegram's audience
After SEC claims, Pavel Durov handed over control of the project to the crypto community. However, the connection between Telegram and TON remains extremely close. For instance, rewards to Telegram channel owners and payment for advertising are made in TON. Therefore, the messenger's success directly affects the cryptocurrency's turnover and capitalization.
Telegram's audience increases by several hundred million active users each year, and it is forecasted to exceed 1 billion this year. The TON network has already surpassed Ethereum in network activity.
IPO plans
Among the plans for the next two years, Pavel Durov mentioned the company's IPO in the USA. This event will attract wide attention to the messenger, which is still weakly represented in the Global North. According to preliminary estimates by analytical companies, the market value of the social network is $30 billion. However, successful promotion in the West along with the public listing of shares could significantly increase its capitalization.
Gaming boom
This year, the messenger has seen a gaming boom. First, the game Notcoin took off with 35 million active users, and now Hamster Kombat is leading with 150 million. The games do not require investments, and to earn in-game currency, users only need to click on the screen. Before listing, the coins can only be exchanged for TON in the pre-market. After listing, they can be converted to fiat on crypto exchanges.
Game developers, in turn, earn from ad displays. Hamster Kombat has 49 million subscribers on Telegram, 32 million on YouTube, and 11 million on Twitter. Part of the income forms the basis for future user rewards.
Conclusion
Telegram is showing good results in both expanding its user base and monetization. It may reach self-sufficiency this year, and further expansion is likely to lead to profit growth. Due to the close connection between the messenger and the cryptocurrency, positive trends will lead to the growth of TON in the long term.
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