The convergence of messaging platforms and blockchain technology has long been a promising frontier in Web3. Among the most compelling developments in this space is TON (The Open Network)—a high-performance blockchain deeply integrated with Telegram, the world’s fourth-largest messaging app with over 900 million monthly active users. This synergy is not just theoretical; it's already driving real adoption, user growth, and innovation across decentralized finance (DeFi), gaming, social apps, and more—all accessible directly within the Telegram app.
In this deep dive, we’ll explore how TON leverages Telegram’s massive distribution network, its unique tokenomics, key protocols fueling ecosystem growth, and real opportunities for users today—from yield generation to potential airdrops.
The Power of Telegram’s Distribution Network
Telegram isn’t just a communication tool—it's a digital ecosystem where businesses operate, communities thrive, and information spreads at lightning speed. Over 10% of the global population uses Telegram monthly, making it an unparalleled channel for user acquisition.
This built-in reach gives TON a distinct advantage over other blockchains: instant access to hundreds of millions of potential users. Unlike traditional crypto platforms requiring complex setups, TON enables seamless onboarding through Telegram mini-apps, allowing users to interact with DeFi, NFTs, games, and wallets without leaving the app.
👉 Discover how easy it is to start using blockchain through your favorite messaging app.
With such scale, TON has the potential to onboard the next wave of crypto users—especially in regions where mobile-first internet usage dominates.
A Rocky Start: From Regulatory Hurdles to Community-Led Revival
TON was originally conceived by Telegram in 2018 under the name “Gram,” aiming to launch a blockchain that could support fast, scalable transactions. The project raised $1.7 billion from top-tier investors like Sequoia Capital and Lightspeed Venture Partners.
However, the U.S. Securities and Exchange Commission (SEC) stepped in, alleging that the Gram token sale constituted an unregistered securities offering. In 2020, Telegram settled with the SEC by returning $1.22 billion** to investors and paying an **$18.5 million fine.
Despite this setback, the vision didn’t die. A dedicated group of open-source developers revived the project based on Telegram’s original whitepaper, launching what is now known as The Open Network (TON). By 2021, after stabilizing Testnet2, the network went live as the TON Mainnet, governed by the independent TON Foundation.
Since then, TON has attracted over $500 million in funding across 15+ rounds, including backing from Pantera Capital, one of the most respected names in crypto investing. This renewed momentum reflects growing confidence in TON’s long-term viability and non-extractive token model.
Toncoin Tokenomics: Fair Launch, Sustainable Growth
One of TON’s standout features is its fair and decentralized distribution model. Unlike many blockchains that launched via private sales or ICOs, Toncoin was initially mined through a Proof-of-Work (PoW) smart contract between June 2020 and June 2022. Approximately 200,000 TON were mined daily during this period.
After the transition to Proof-of-Stake (PoS), 98.55% of the total supply was already in circulation, with only 1.45% reserved for developers and early testers. This approach—sometimes called Initial Proof-of-Work (IPoW)—ensures broad decentralization from day one.
Today:
- Annual issuance rate: ~0.6% (distributed to validators)
- Market cap: ~$17 billion
- Fully Diluted Valuation (FDV): ~$36 billion
- Ranked #10 on CoinGecko, ahead of Cardano
This low inflation model supports sustainability while incentivizing participation without flooding the market.
TON Adoption: Soaring Metrics and User Growth
In the attention economy, TON is winning.
- Tonkeeper Wallet is the #1 finance app on Google Play—above PayPal, Binance, and Venmo.
- Monthly Active Wallets (MAW) grew 10x year-over-year, reaching nearly 5 million in May.
- Daily transactions and new wallet activations show explosive growth.
While not every wallet represents a unique user (some are used for farming), the trend is undeniable. With 900 million Telegram MAUs, even a 5% adoption rate would mean 45 million active TON wallets—far exceeding combined Bitcoin and Ethereum wallet counts.
👉 See how millions are already interacting with crypto inside their messaging apps.
Key data sources like TonStat.com track TVL, transaction volume, and user behavior in real time, offering transparency into ecosystem health.
The Thriving TON Ecosystem
🔗 Liquid Staking Protocols
Despite low base staking yields (~2–3% APY), liquid staking protocols enhance returns and unlock utility.
Tonstakers
- TVL: $237M (up from <$1M in 2023)
- APY: ~2.5%
- Token: tsTON
- Offers instant unstaking or delayed withdrawal after 18-hour validation cycle
bemo
- TVL: ~$80M
- APY: ~3.5%
- Token: stTON
- Features stXP reward system for staking, trading, and holding—set to convert into future governance token BMO
🏦 Decentralized Exchanges (DEXs)
STON.fi
- TVL grew 60x in six months—from $4M to $240M
- Supports swaps, liquidity provision (400+ pools), and governance via locked STON
- Upcoming features: limit orders, margin trading
DeDust
- AMM DEX with tripled TVL in three weeks
- High-yield TON/USDT pool offering up to 200% APY
- SCALE token stakers earn 29% APY (with 5% early exit fee or 72-hour cooldown)
Storm Trade
- Perpetual contracts DEX accessible via browser or Telegram
- Earn Reward Points (RP) toward upcoming STORM token airdrop and IDO
- Plans to expand into stocks, forex, and commodities
💰 Lending: EVAA Protocol
EVAA is TON’s leading lending platform. Users earn EVAA XP by supplying or borrowing green-labeled assets—part of an ongoing incentive program expected to lead to a future token airdrop.
Available via web or Telegram mini-app.
🎮 Gaming on TON
TON has emerged as a powerhouse for Web3 gaming—with real traction.
Notcoin
- Over 10 million players
- “Click-to-mine” mechanic; NOT token ranks in top 100 on CoinGecko
- Massive organic engagement
Hamster Kombat
- Claims over 100 million users (likely inflated by farming bots)
- Viral sensation centered around building a crypto exchange run by a hamster
- Token launch expected in July
Fanzee & Catizen
- Fanzee: prediction markets for sports and entertainment
- Catizen: virtual pet game with 20M claimed users; active airdrop farming
🌐 Social Applications
Leveraging Telegram’s social graph:
- Community: Native group management tools
- Moons Social: Decentralized social discovery
- TonsOfFriends: Community finder
- TON Memes: Meme-sharing platform
DeFi Strategies on TON
Users can combine yield-generating activities across protocols:
- Stake TON on bemo → get stTON → lend on EVAA → earn dual rewards
- Provide liquidity on DeDust (TON/USDT) → earn up to 94% APY
- Deposit TON into Storm Trade Vaults → earn yield + RP points
These multi-layered strategies maximize returns while positioning users for future airdrops.
Frequently Asked Questions
Q: Is TON officially part of Telegram?
A: While TON was originally developed by Telegram, it is now independently maintained by the TON Foundation. However, deep integration remains—Telegram channels can earn ad revenue in TON, and mini-apps run natively within the app.
Q: Can I use TON without leaving Telegram?
A: Yes! Most TON dApps—including wallets, DEXs, games—are accessible as mini-apps inside Telegram, requiring no separate downloads.
Q: Are there real airdrop opportunities on TON?
A: Absolutely. Projects like Storm Trade, EVAA, bemo, and Catizen are actively rewarding early users with points that may convert into tokens upon launch.
Q: How secure are TON wallets?
A: Mobile wallets like Tonkeeper are convenient but less battle-tested than hardware wallets. Always use strong passwords, enable 2FA, and avoid sharing seed phrases.
Q: What makes TON different from other blockchains?
A: Its combination of speed, low fees, fair launch model, and integration with a billion-user messaging platform creates unmatched accessibility for mainstream users.
Q: How do I start using TON?
A: Install a wallet like Tonkeeper or Fragment from Telegram’s app store, fund it with TON, and begin exploring mini-apps for DeFi, gaming, or social experiences.
With its powerful infrastructure, vibrant ecosystem, and direct path to mass adoption via Telegram, TON is poised to become one of the first blockchains to deliver a true "killer app" experience—not through speculation alone, but through real utility embedded in everyday digital life.
As development accelerates and more projects launch, now is the ideal time to explore what TON has to offer.
👉 Get started with blockchain in the simplest way possible—right inside your chat app.